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Trade245 Review
Trade245 is a South African brand offering forex and CFDs, regulated under FSCA FSP 46044, a license shared with two other broker brands under the same parent.
Min Deposit
$100
Spreads From
Not clearly published as a specific figure on its own site
Max Leverage
Up to 1:500, per Trade245's own site
Platforms
MetaTrader 4, MetaTrader 5
Pros
- Holds a real FSCA South Africa license, FSP number 46044
- Wide product range: forex, stocks, indices, metals, commodities, and crypto
- Supports both MetaTrader 4 and MetaTrader 5 platforms
- Advertises negative balance protection and segregated client accounts
Cons
- Its FSCA license number is shared with two other broker brands, a red flag
- Its Seychelles FSA license number also appears across unrelated broker sites
- WikiFX has published a fraud alert specifically naming this broker
- Its 245 percent deposit bonus carries steep trading volume requirements
- Multiple near identical domains exist, trade245.com, .org, and a .net copy
Trade245 offers forex and CFDs on stocks, indices, metals, commodities, and crypto through MetaTrader 4 and MetaTrader 5, with a $100 minimum deposit and leverage up to 1:500. Trade245 Global (Pty) Ltd holds FSCA South Africa license FSP 46044, and its site names MarketFinancial Ltd, based in Seychelles, as counterparty for international clients, under FSA Seychelles license SD006.
Both license numbers are shared more widely than usual. FSCA license 46044 also covers two sister brands, ZumaMarkets.com and ProvidentTrade.com, reportedly linked to the same parent, Red Pine Capital. FSA Seychelles license SD006 appears across other unrelated broker sites too, and watchdog sites flag this pattern as worth checking.
Trade245 advertises a large deposit bonus, up to 245 percent, capped around 245,000 rand, with trading volume requirements before any of it can be withdrawn. WikiFX has published a fraud alert on the brand, and reviews are mixed, with some withdrawal complaints.
Min. Deposit
USD 100
Max Leverage
Up to 1:500, per Trade245's own site
Spreads From
Not clearly published as a specific figure on its own site
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
