trade245 Review 2026: Is This Forex Broker Safe?

trade245 is a forex broker established in 2020 and listed with a WikiFX Score of 2.01. Based on the available WikiFX data, its regulatory status raises concern: two South Africa FSCA license records are marked as unverified, and WikiFX also records one regulator disclosure categorized as a danger notice. While trade245 offers MT5 trading and multiple account types, the low score, unverified licensing information, and recent complaints mean traders should approach this broker cautiously.

Pros and Cons of trade245

• ✅ Offers 8 account types, including Micro, VIP, No Bonus, Bonus 100, Bonus 300, and Zero Stop-Out accounts.
• ✅ Supports the MT5 trading platform.
• ✅ Minimum entry condition starts from R100 on several account types.
• ✅ Allows EA trading, scalping, and locked positions according to the account data.
• ✅ Customer service is available through phone, email, and social media channels.
• ❌ WikiFX Score is low at 2.01.
• ❌ South Africa FSCA regulatory records are marked as unverified.
• ❌ WikiFX records one regulator disclosure categorized under danger information.
• ❌ Recent user complaints focus on rejected withdrawals, delayed payouts, non-response, and disabled accounts.
• ❌ WikiFX summary states that user complaints received in the past three months reached 11.

trade245 Regulation and License Safety

The most important issue in this trade245 review is regulation. WikiFX lists trade245 with unverified South Africa FSCA-related records, meaning the claimed regulatory information has not been confirmed in the provided data. For traders, this matters because a verified license is typically a key factor when assessing whether a broker operates under recognized oversight.

South Africa FSCA License Records

WikiFX lists two South Africa Financial Sector Conduct Authority records connected with trade245-related entities:

• Regulator: South Africa FSCA
• Entity name: ROCKETX (PTY) LTD
• Regulation number: 52142
• Status: Unverified

And:

• Regulator: South Africa FSCA
• Entity name: Red Pine Capital (PTY) LTD
• Regulation number: 46044
• Status: Unverified

Because both entries are marked as unverified, the available data does not support treating trade245 as a safely confirmed regulated broker.

Regulator Disclosure

WikiFX also records one regulator disclosure related to Indonesias BAPPEBTI. The disclosure is categorized as a blacklist item and marked with a danger tag. The reason given in the disclosure refers to the blocking of illegal commodity futures trading websites and websites using trading as a cover for gambling.

This does not improve the brokers safety profile. Instead, it adds another risk signal that should be considered alongside the unverified FSCA records and user complaints.

Risk Warning

Based strictly on the provided WikiFX data, trade245 presents elevated risk indicators. Its regulatory status is not verified, its WikiFX Score is 2.01, and recent complaint data shows repeated concerns around withdrawals and account handling. Traders should not rely on promotional account conditions alone when the license status remains unclear.

Real User Feedback and Complaints

Recent user feedback on WikiFX raises serious concerns about fund withdrawals and account access.

One user reported that trade245 rejected multiple withdrawal requests despite claiming to have traded 11 lots in less than a week. The user stated that the broker cited insufficient trading activity and allegedly pushed them to trade more before being able to withdraw. The same user also said that after requesting account termination and the return of funds to the original credit card, they did not receive a response.

Another complaint stated that a deposit of $998 was reduced to $990 after trading losses, but the remaining $990 withdrawal request was rejected. The user described the experience as the broker taking their deposit.

A third user said they submitted requested documents but received no meaningful response when asking about their withdrawal. According to the complaint, the payout had been pending for more than 10 days, with repeated promises that funds would arrive by the end of the day.

Another user reported that after trading with the broker since April, they received an email stating that the account was deactivated and the trading accounts were disabled. Users have reported difficulties that could affect the trade245 login experience, especially where account access is disabled or restricted after disputes.

Overall, the complaint pattern is consistent: rejected withdrawals, delayed payouts, limited response after document submission, and account disabling. These are material issues for any trader evaluating whether to deposit funds.

trade245 Forex Trading Conditions and Fees

trade245 provides several account options and uses MT5 as its trading platform. The account structure is broad, but the trading conditions should be weighed against the brokers unverified regulatory status and complaint history.

Leverage

The maximum leverage listed across the account types is 1:500. This applies to Micro, Micro bonus 100, Micro bonus 300, VIP, Bonus 100, No Bonus, Bonus 300, and Zero Stop-Out accounts. High leverage can increase market exposure, so traders should consider risk management carefully.

Spreads

The account data shows variable spreads:

• Micro: from 2
• Micro bonus 100: from 3
• Micro bonus 300: from 3
• VIP: from 0.5
• Bonus 100: from 2
• No Bonus: from 2
• Bonus 300: from 2
• Zero Stop-Out: from 3

The VIP account has the lowest listed starting spread at 0.5, but it requires a higher entry condition of R5,000. Most other account types list an entry condition of R100.

Account Structure

trade245 lists 8 account types. The minimum trade size is shown as 0.01, and the account data indicates that locked positions, scalping, and EA trading are allowed. The stop-out ratio is listed as 30.00 for most accounts, while the Zero Stop-Out account shows 0.00. Cryptocurrency trading is not listed as allowed in the provided data.

Platforms

trade245 uses the MT5 platform, and the software qualification is described as white-label MT4/5. The software information notes that MT5 is customizable, supports multiple languages, has useful search functions, and provides clear fee reports. However, the same data also states that safer access features such as two-step login and biometric authentication are missing.

Final Verdict

This review of trade245 shows a broker with accessible account options, MT5 trading, and flexible trading features such as EA trading and scalping. However, these positives are outweighed by major safety concerns in the provided data: a WikiFX Score of 2.01, unverified South Africa FSCA license records, one danger-tagged regulator disclosure, and multiple recent complaints about withdrawals and account restrictions.

For risk-conscious traders, trade245 does not present a strong safety profile based on the available WikiFX information. The repeated withdrawal-related complaints are particularly concerning and should be considered before opening or funding an account.

To stay safe and view the latest regulatory certificates, check trade245 on the WikiFX App.