Trade245 Review - Is the Broker Regulated? What is the Spread and Commission? - WikiFX

WikiFX | 2025-07-31 15:11

एब्स्ट्रैक्ट：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.

Trade245 Review Summary
Founded	2020
Registered Country/Region	South Africa
Regulation	FSCA (Unverified)
Market Instruments	Forex, indices, stocks, commodities, CFDs
Demo Account	/
Leverage	Up to 1:500
Spread	From 0.0 pip
Trading Platform	MT4, MT5
Minimum Deposit	$0
Customer Support	Tel: +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.

Pros and Cons

Pros	Cons
Various trading products	Unverified status
Seven account types	No demo account
MT4, MT5 support
No minimum deposit requirement
Multi-lingual support

Is Trade245 Legit?

Regulated Authority	Financial Sector Conduct Authority (FSCA)
Current Status	Unverified
Regulated Country	South Africa
Regulated Entity	Red Pine Capital (PTY) LTD
License Type	Financial Service Corporate
License No.	46044

What Can I Trade on Trade245?

Tradable Instruments	Supported
Forex	✔
Indices	✔
Stocks	✔
Commodities	✔
CFDs	✔
Bonds	❌
Cryptocurrencies	❌
ETFs	❌

Account Type

Account Type	Leverage	Spread	Platform
Bonus 100	1:500	From 1 pip	MT4
No Bonus	1:500	From 1 pip	MT4
Swap Free	1:500	From 1 pip	MT4
Zero Spread	1:500	From 0 pip	MT4
Bonus 245	1:500	From 1 pip	MT4
Bonus Rescue	1:500	From 1 pip	MT4
Micro	1:500	From 1 pip	MT4 & MT5

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	Spread	Bonus
Bonus 100	From 1 pip	Included (100%)
No Bonus	From 1 pip	Excluded
Swap Free	From 1 pip	Excluded
Zero Spread	From 0 pip	Excluded
Bonus 245	From 1 pip	Included (245%)
Bonus Rescue	From 1 pip	Included (25%} Drawdown)
Micro	From 1 pip	Excluded