Website: www.trade245.com
Minimum Deposit: None
Leverage: 1:30 (FSCA) | Up to 1:500 (FSA offshore)
Trading Platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Regulation: FSCA (South Africa), FSA (Seychelles)
Headquarters: Johannesburg, South Africa
Founded: 2020

Regulatory Licenses:

• Red Pine Capital (PTY) LTD: FSCA South Africa (FSP No. 46044)
• MarketFinancials Limited: FSA Seychelles (License No. SD006)

What is Trade245?

Trade245 is a South Africa-based forex and CFD broker that has rapidly gained traction in the African region and globally since its establishment in 2020. It offers access to Forex, Indices, Commodities, Stocks, and Cryptocurrencies through powerful MT4 and MT5 platforms. With dual regulation by the FSCA and FSA, Trade245 provides a mix of regulatory assurance and flexible international trading options.

Pros and Cons

Pros:

• No minimum deposit required
• MT4 and MT5 platforms supported
• Leverage up to 1:500 for international clients
• Competitive spreads starting from 0 pips
• Variety of account types and funding methods

Cons:

• Limited number of instruments compared to global brokers
• Educational resources are lacking
• No 24/7 customer support
• Limited research and market analysis tools

Is Trade245 Safe?

Trade245 is a regulated broker with licenses from the FSCA (South Africa) and FSA (Seychelles). While the FSCA is a respected national regulator, the offshore FSA license provides additional trading flexibility but comes with lower investor protection. Client funds are kept in segregated accounts, and negative balance protection is offered.

Trust Score: 7.8/10

Leverage

• FSCA-regulated clients (South Africa): Up to 1:30
• FSA-regulated clients (Offshore): Up to 1:500

Use leverage cautiously, especially when trading high-volatility assets.

Account Types

Trade245 offers six account types to meet various trader needs:

• Bonus 100 Account
• No Bonus Account
• Swap-Free Account
• Zero Spread Account
• Cent Account
• VIX 75 Account

Each account comes with distinct features, spreads, and commission structures.

Fees

• Commission-based accounts charge $10 per lot
• Competitive spreads starting at 0 pips
• Swap/rollover fees apply for overnight positions
• Possible deposit/withdrawal charges depending on method

Fees Rating: 3.8/5

Spreads

Trade245 offers:

• EUR/USD average spread: 1 pip (floating)
• Spreads starting from: 0 pips (on select accounts)

Spreads Rating: 3.8/5

Deposits and Withdrawals

• Methods: Visa, Mastercard, M-PESA, Skrill, Ozow, Bank Transfers
• No minimum deposit required
• Fast withdrawal processing
• No deposit fees; some withdrawal methods may incur charges

Funding Rating: 4.3/5

Trading Platforms

• MetaTrader 4 and MetaTrader 5 for web, desktop, and mobile
• Advanced charting tools, technical indicators, and algorithmic trading support
• Supports EA (Expert Advisor) and auto trading strategies

Platform Rating: 4.3/5

Customer Support

• Availability: 24/5 (Phone, Email)
• Support Rating: 4.0/5

Response times are generally fast during operational hours, but the lack of live chat and weekend support is a limitation.

Education

• Minimal educational content: basic articles, glossary
• No webinars or advanced courses

Education Rating: 3.0/5

Conclusion

Trade245 is a reliable and accessible broker for traders in Africa and beyond, especially those looking to start with minimal capital. While it delivers on platform functionality and account flexibility, areas like research and education need enhancement. Overall, it’s a strong contender for those prioritizing low-cost access, MT4/MT5 platforms, and multiple account types.

Best For:

• South African traders
• Beginners and budget-conscious traders
• Users of MT4/MT5
• Traders seeking leverage up to 1:500
• STP/ECN execution strategies