Planning to Invest in Trade245? Read These Negative Trader Reviews First!

Setting your sights on Trade245? Think again! Traders are witnessing massive problems that extend beyond withdrawal denials. The issues include blown-up accounts due to trading manipulation, along with high spreads and commissions. As a result, traders witness only losses even when they are not supposed to. This has made the situation highly complicated for them. In this article, we have exposed Trade245 for its financially illicit acts. Read on!

Complaints Against Trade245 That Need Addressing

Traders Bothered by Account Blown Up Issue

Trading manipulation is extreme at Trade245. Trader accounts get blown away even when the market is in their favor. This appears to be deliberate manipulation by the company. Check out this screenshot that supports the complaint.

Spread Varies When Executing a Trade

To acquire customers, Trade245 keeps a reasonable spread. However, as customers start trading, the spread varies and goes up, worsening their trading experience. Here is one trader making such a complaint.

Illegitimate Withdrawal Denials

Trade245 has plenty of illegitimate reasons to deny access to withdrawals. In one complaint, the trader was denied withdrawal because he was residing in a restricted list of countries. However, the trader stated that the company does not have this mentioned in the terms and conditions. There is one more complaint wherein one trader stated about high commission charges and withdrawal issues. We are sharing two different complaints through these screenshots. Take a look.

Introspecting Trade245 Operational Methodology

The South Africa-based forex broker is an unregulated broker as it does not carry a valid license. Thats why the growing scam allegations against it are not a surprise. These brokers scam traders using their tricks and manipulations. Considering the massive complaints and scam risks, the WikiFX team has assigned a score of 2.23 out of 10.

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