Trade245 Review: What Traders Should Know Before Depositing

Trade245 is a South Africa-registered broker founded in 2020 that offers forex, indices, stocks, commodities and CFDs through MT4 and MT5. On paper it reads like a standard multi-asset brokerage with low entry requirements and high leverage. What traders weighing a deposit need to weigh more carefully is a different picture: a pattern of user complaints concentrated on rejected withdrawals and locked accounts, alongside South African FSCA registrations that WikiFX lists as unverified.

The practical question is not whether the platform can be traded on, but whether deposits and profits can come back out. This review works through the complaint pattern, the regulatory warnings and the basic facts so you can make a calmer decision before sending money.

Complaint Pattern: Withdrawals and Locked Accounts

The most consistent theme across user reports is money going in but not coming back out. In September 2025, a user in India reported depositing $998 and, after a small trading loss, having a withdrawal request for the remaining $990 rejected.

Screenshot submitted by the user with the complaint (2025-09)

A user in the Netherlands wrote in February 2023 that their account had been locked since early January and that a withdrawal request made days later received no response. A user in Indonesia described being persuaded to add funds across more than one account over roughly a year, and said no one processed the refund request once they grew suspicious.

Older reports run in the same direction. A South African user wrote in September 2021 simply to “stay away from this broker.”

Screenshot submitted by the user with the complaint (2021-09)

According to the user, the broker “is a scam and should be banned.” The complaint was filed from South Africa in January 2021.

Screenshot submitted by the user with the complaint (2021-01)

Across these reports the recurring pattern is similar: users say withdrawals are rejected, accounts are disabled, or refund requests go unanswered even after documents are submitted. Read together, the complaints point to a withdrawal-risk pattern that any prospective client should weigh carefully.

Regulatory Warnings

Regulatory status is where the caution signals sharpen. WikiFX lists FSCA (South Africa's Financial Sector Conduct Authority) registrations for the platform under Red Pine Capital (PTY) Ltd and RocketX (PTY) Ltd. Both registrations carry an “Unverified” status in the data, meaning they have not been confirmed as active licences; the company's own profile summary likewise states that “Trade245's license is unverified” and urges investors to be cautious.

A separate regulatory disclosure in the record references BAPPEBTI, Indonesia's commodity futures regulator, which in early 2022 announced it had blocked a large number of websites for unlicensed commodity futures trading and gambling disguised as trading; the entry is categorized as a blacklist notice. Unverified status is not a confirmed revocation, but it means the licences should not be relied on as active protection until the status is verified directly with the FSCA.

Basic Information

Trade245 operates under Trade245 (Pty) Ltd and is registered in South Africa. The company profile lists 2020 as the founding year. Its product range covers forex, indices, stocks, commodities and CFDs, and the platform supports MT4 and MT5 trading with leverage up to 1:500.

WikiFX Dealer Page

The broker advertises several account types, including Micro, Bonus 100, No Bonus and VIP, with entry amounts as low as R100 for standard accounts and R5,000 for the VIP tier. Expert advisors (EAs) are supported, and the account options emphasise bonus-linked accounts with high leverage.

Rating and Impact

WikiFX assigns Trade245 a score of 1.37 out of 10, placing it near the bottom of the rating scale. The low score reflects the combination of unverified licences and the repeated, multi-year withdrawal complaints rather than any single isolated event.

A low score of this kind is best read as a concentration of caution signals, not as proof of a single outcome. It does, however, line up with what the complaints describe: clients repeatedly reporting difficulty getting funds back.

Final Thoughts

The clearest, repeated fact across this record is that users in several countries have, over multiple years, reported the same withdrawal and account-access problems, while the platform's South African registrations remain unverified in the available data. That combination is enough to justify treating Trade245 with serious caution before any deposit.

If you are still considering an account, verify the current licence status with the regulator directly, keep any first deposit small, and test a withdrawal early rather than after building up profits. You can check Trade245's live score and the latest complaints on the WikiFX App before committing funds.