Score

2.23 /10
Danger

Trade245

South Africa

5-10 years

Suspicious Regulatory License

MT4 Full License

Suspicious Overrun

High potential risk

C

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Comparison

Quantity 9

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.96

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

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Warning: Low score, please stay away! 3
Previous Detection : 2025-09-02
  • 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 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
    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
    MT4PC, web, mobileBeginners
    MT5PC, 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

    ExposurePlanning 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!

    WikiFX
    2025-08-13 21:08
    Planning to Invest in Trade245? Read These Negative Trader Reviews First!

    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.

    User Reviews

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    User comment

    7

    Comments

    Write a review

    bobcat77
    0-3months
    Previously had issue with trades where there is a huge gap between current price and executed opening price. After file a report to them, staff from Trade245 called me to figure out the issues that I'm facing and were willing to give a good solution. Overall not bad, recommended
    Previously had issue with trades where there is a huge gap between current price and executed opening price. After file a report to them, staff from Trade245 called me to figure out the issues that I'm facing and were willing to give a good solution. Overall not bad, recommended
    Translate to English
    2025-09-01 13:06
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    monnison
    0-3months
    I deposited funds with Trade245 and deeply regret it. Their customer service is abysmal. They bombard you with emails requesting documents, but once you submit everything, they go silent—especially when you ask about your withdrawal. It’s been over 10 days since I requested my payout. Every day, I’m told “you’ll receive it by the end of the day,” but nothing ever arrives. They keep making excuses and dragging things out. It’s clear they’re stalling, and at this point, I believe this is a scam operation. They’re quick to take your deposit but vanish when it’s time to pay out. I’ve followed every instruction, submitted every document, and still—no funds, no accountability.
    I deposited funds with Trade245 and deeply regret it. Their customer service is abysmal. They bombard you with emails requesting documents, but once you submit everything, they go silent—especially when you ask about your withdrawal. It’s been over 10 days since I requested my payout. Every day, I’m told “you’ll receive it by the end of the day,” but nothing ever arrives. They keep making excuses and dragging things out. It’s clear they’re stalling, and at this point, I believe this is a scam operation. They’re quick to take your deposit but vanish when it’s time to pay out. I’ve followed every instruction, submitted every document, and still—no funds, no accountability.
    Translate to English
    2025-09-01 08:52
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