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Trade245 -

Score

2.23 /10
Danger

Trade245

South Africa

5-10 years

Suspicious Regulatory License

MT4 Full License

Suspicious Overrun

High potential risk

https://www.trade245.com

Influence

C

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Comparison

Quantity 7

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.94

Risk Management Index0.00

Software Index8.83

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
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Broker Information

More

Company Name

Trade245 (Pty) Ltd

Company Abbreviation

Trade245

Platform registered country and region

South Africa

Company website

Facebook

Instagram

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2025-08-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

7 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

they're blocked my a trading account

stay away from this broker

2021-09-25 18:26
Unable to Withdraw

Unable to Withdrawal my half of a million.

i funded with R42000 and i made more 400k profit now the broker doesn't want to give me my money.

2023-10-14 08:00
Unable to Withdraw

TRADE245 IS A SCAM BROKER I LOST MY MONEY

I was trading with this broker since 12 April without any single withdrawal i was compounding my profits for increase good profits unfortunately what email i received. I was using hedge buy/sell long strategy which all broker allow without any problem. Please find attachment. Azraa Jacobs Dear Client Please note that your profile has been deactivated & your trading account(s) disabled -

2021-09-07 15:39
Scam

Trade245.com Withdrawal issues

I have $10k in my wallet and around 900usd in my mt4 account .i have been trading with this broker since 24-02-2021. My first withdrawal requested date on 23-03-2021 they rejected and asked me to provide documents. which i have already provied and that Approved Again i requested on 25-03-2021 that rejected and got email from company to request withdraw on Skrill instead of Bankwire. Again I requested withdrawal on 26-03-2021 , 29-03-2021 then 01-04-2021 All rejected without any carouse.

2021-08-30 19:07
Severe Slippage

Trades couldnt close which the broke jumped my stop loss for 45 minutes while my account was cleared. Messed up broker, crooks. Trade245 is a scam and

Trade245 is a scam and should be banned

2021-01-27 16:27
Unable to Withdraw

THEY REJECTED MY WITHDRAWAL REQUEST MANY TIMES

My first withdrawal requested date on 23-03-2021 they rejected and asked me to provide documents. which i have already provied and that Approved Again i requested on 25-03-2021 that rejected and got email from company to request withdraw on Skrill instead of Bankwire. Again I requested withdrawal on 26-03-2021 , 29-03-2021 then 01-04-2021 All rejected without any carouse.

2021-09-07 13:32
Unable to Withdraw

Scam alert They are rejecting my withdrawal

I have $10k in my wallet and around 900usd in my mt4 account .i have been trading with this broker since 24-02-2021. My first withdrawal requested date on 23-03-2021 they rejected and asked me to provide documents. which i have already provied and that Approved Again i requested on 25-03-2021 that rejected and got email from company to request withdraw on Skrill instead of Bankwire. Again I requested withdrawal on 26-03-2021 , 29-03-2021 then 01-04-2021 All rejected without any carouse.

2021-08-29 06:37
    Trade245 · Company summary
    Trade245 Review Summary
    Founded2020
    Registered Country/RegionSouth Africa
    RegulationFSCA (Unverified)
    Market InstrumentsForex, indices, stocks, commodities, CFDs
    Demo Account/
    LeverageUp to 1:500
    SpreadFrom 0.0 pip
    Trading PlatformMT4, MT5
    Minimum Deposit$0
    Customer SupportTel: +27(0) 87 828 8245
    Email: support@trade245.com
    Social Media: Instagram, Facebook
    Address: Wetton Works, 14 Mercury Crescent, Wetton,Cape Town, South Africa, 7780
    Address: Menlyn Square, Building B, 1st Floor, 132 Aramist Ave, Menlyn, Pretoria, South Africa, 0063

    Founded in 2020, Trade245 was registered in South Africa. Its market instruments include forex, indices, stocks, commodities, and CFDs. Customers can use MT4 or MT5 to trade, with seven account types available, whose leverage is 1:500, with no minimum opening deposit requirement. However, investors still need to be cautious, since Trade245's license is unverified.

    info

    Pros and Cons

    ProsCons
    Various trading productsUnverified status
    Seven account typesNo demo account
    MT4, MT5 support
    No minimum deposit requirement
    Multi-lingual support

    Is Trade245 Legit?

    Regulated AuthorityFinancial Sector Conduct Authority (FSCA)
    Current StatusUnverified
    Regulated CountrySouth Africa
    Regulated EntityRed Pine Capital (PTY) LTD
    License TypeFinancial Service Corporate
    License No.46044
    license

    What Can I Trade on Trade245?

    Tradable InstrumentsSupported
    Forex✔
    Indices✔
    Stocks✔
    Commodities✔
    CFDs✔
    Bonds❌
    Cryptocurrencies❌
    ETFs❌
    assets

    Account Type

    Account TypeLeverageSpreadPlatform
    Bonus 1001:500From 1 pipMT4
    No Bonus1:500From 1 pipMT4
    Swap Free1:500From 1 pipMT4
    Zero Spread1:500From 0 pipMT4
    Bonus 2451:500From 1 pipMT4
    Bonus Rescue1:500From 1 pipMT4
    Micro1:500From 1 pipMT4 & MT5
    Account Type
    Account Type

    Leverage

    For all account types, the leverage is 1:500. The use of leverage can both maximize profits and also increase losses. Therefore, customers still need to consider carefully before investing.

    Trade245 Fees

    Account SpreadBonus
    Bonus 100From 1 pipIncluded (100%)
    No BonusFrom 1 pipExcluded
    Swap FreeFrom 1 pipExcluded
    Zero SpreadFrom 0 pipExcluded
    Bonus 245From 1 pipIncluded (245%)
    Bonus RescueFrom 1 pipIncluded (25%} Drawdown)
    MicroFrom 1 pipExcluded

    Trading Platform

    Trading PlatformSupported Available Devices Suitable for
    MT4✔PC, web, mobileBeginners
    MT5✔PC, web, mobileExperienced traders
    Trading Platform
    Trading Platform

    Deposit and Withdrawal

    Investors can deposit and withdraw via VISA, Mastercard, PESA, OZOW, Skrill, Global cryptocurrency.

    Deposit and Withdrawal

    News

    ExposureWikiFX Fraud Alert: Do not trust Trade245!!!

    WikiFX has complied reasons to avoid trading with Trade245 in the following review.

    WikiFX
    2022-08-08 15:29
    WikiFX Fraud Alert: Do not trust Trade245!!!

    NewsWhy is Forex trading in Africa booming at such a rapid pace?

    Forex trading has long been a popular way for traders and investors all over the world to make money by profiting on currency swings and market volatility.

    WikiFX
    2022-06-12 11:00
    Why is Forex trading in Africa booming at such a rapid pace?

    NewsDANGOTE WOULD INVEST IN THE STEEL INDUSTRY AND STOP OBTAINING FOREX FROM THE CBN.

    In keeping with its commercial development strategy, the Dangote Group said on Thursday that it was diversifying into the steel sector due to its huge potential.

    WikiFX
    2022-05-29 12:30
    DANGOTE WOULD INVEST IN THE STEEL INDUSTRY AND STOP OBTAINING FOREX FROM THE CBN.

    NewsLouis Jnr Tshakoane – Undercover Trillionaire?

    The last installation of the top 4 most controversial forex traders in South Africa is Louis Jnr Tshakoane, the most followed forex trader in the country, many know of or atleast heard of this man, as most of us know at age of 15 Loius Jnr wrote a letter to Sir Richard Branson and managed to secure sponsorship from the business mogul in the form of gym equipment and a cash donation, totaling around 250 000 USD, this was in an effort to help disenfranchised youth, which is significant seeing that Louis Jnr actually came from a wealthy family.

    WikiFX
    2022-05-11 17:21
    Louis Jnr Tshakoane – Undercover Trillionaire?
    About More

    User Reviews

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    User comment

    4

    Comments

    Write a review

    Summery
    more than one year
    Trade245 rocks when it comes to customer support and trading platforms! Their team is always there to help, and the platform is smooth and user-friendly.
    Trade245 rocks when it comes to customer support and trading platforms! Their team is always there to help, and the platform is smooth and user-friendly.
    Translate to English
    2024-07-25 18:19
    Reply
    0
    0
    Lucky明
    more than one year
    My account got locked since January 7th as well as my funds. I requested a withdraw on January 12th and I havent received any respond about my funds. Poor customer support. Feels like a scam to me holding money for so long.
    My account got locked since January 7th as well as my funds. I requested a withdraw on January 12th and I havent received any respond about my funds. Poor customer support. Feels like a scam to me holding money for so long.
    Translate to English
    2023-02-17 11:26
    Reply
    0
    0
    7