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Trade245

7.4 / 10 Overall Score

Website: https://www.trade245.com/
Jurisdiction: South Africa
Operating Since: 5-10 years
Regulatory Status: N/A

Score Breakdown

License
Regulation
Business
Risk Control
Software

Company & Contact

Legal Name: Trade245 (Pty) Ltd
Phone: 2.71E+11
Email: support@trade245.com
Address: —

License Info: [{"监管状态": "FSCA Unverified", "牌照信息": "South Africa Financial Service Corporate"}]

In-Depth Broker Review

What’s inside: Company overview, account types, and deposit & withdrawal guidance.

Company Profile
Account Types
Deposit & Withdrawal

Broker Details

# Trade245 Company Overview

Trade245 company operates as a forex broker, providing a range of online trading services that include forex, indices, stocks, commodities CFDs, and cryptocurrencies. The company was founded in 2020 and is a product of Red Pine Capital (Pty) Ltd, which is its parent company. Trade245 is headquartered in Johannesburg, South Africa.

As a relatively new player in the online trading industry, Trade245 aims to cater to both beginner and advanced traders by offering a variety of trading instruments and account types. The company primarily focuses on the South African market but has aspirations for broader regional engagement.

# Corporate Development

Since its establishment in 2020, Trade245 has experienced notable growth, attributed to its strong service offerings and the increasing demand for online trading solutions. The company has introduced various account types, including bonus accounts and swap-free accounts, to cater to diverse trading needs.

Trade245 has positioned itself as a competitive broker by leveraging technology and providing access to popular trading platforms, namely MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are recognized for their user-friendly interfaces and advanced trading features.

# Regulation and Compliance

Trade245 is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, which provides a level of oversight for its operations. The company operates under the license number 46044, which is essential for maintaining credibility in the financial services sector.

Client funds are protected through segregation policies, ensuring that traders' deposits are kept separate from the company's operational funds. This minimizes the risk associated with potential financial difficulties faced by the broker. Additionally, Trade245 offers negative balance protection, which safeguards clients from losing more than their deposited amounts.

# Global Presence and Market Coverage

While Trade245 is primarily focused on the South African market, it has plans to expand its reach. The broker does not currently indicate specific countries that it accepts for trading, suggesting a selective approach to market engagement.

# Financial and Operational Data

Trade245 has not publicly disclosed detailed financial data or specific operational metrics such as employee count or transaction volume. However, it is known to support a variety of payment methods, including credit/debit cards, Skrill, and Mpesa, which facilitates ease of access for traders.

# Reputation and Industry Standing

The reputation of Trade245 within the forex and financial community is mixed. While some reviews highlight its competitive trading conditions and user-friendly platforms, concerns have been raised regarding the authenticity of its regulatory status and customer service experiences. Negative reviews from users about withdrawal issues have also surfaced, which could impact its credibility in the long term.

# Summary

In summary, Trade245 company presents itself as a credible broker within the online trading space, supported by regulation from the FSCA in South Africa. While it offers a range of trading instruments and competitive features, potential clients should conduct thorough research and consider the mixed reviews regarding its operational integrity and customer service. Overall, Trade245's presence in the market signifies a growing interest in forex trading solutions, particularly within the South African region.

Account Types

# Trade245 Account Types

Trade245 offers a range of account types to cater to different trading needs. Below are the details of the available accounts:

| Account Type | Minimum Deposit | Spreads/Commission Model | Leverage Limits | Trading Instruments Available | Base Currencies Supported | Execution Model | Unique Features |
|--------------------|-----------------|--------------------------|------------------|--------------------------------------|---------------------------|------------------|----------------------------|
| Bonus 100 | $100 | Variable spreads from 1 pip | 1:500 | Forex, Indices, Stocks, Commodities, Cryptocurrencies | USD, ZAR, GBP | Market Maker | 100% deposit bonus |
| No Bonus | $100 | Variable spreads from 1 pip | 1:500 | Forex, Indices, Stocks, Commodities, Cryptocurrencies | USD, ZAR, GBP | Market Maker | No deposit bonus |
| Swap-Free | $100 | Variable spreads from 1 pip | 1:500 | Forex, Indices, Stocks, Commodities, Cryptocurrencies | USD, ZAR, GBP | Market Maker | No swap fees |
| Zero Spread | $100 | Spreads from 0 pips | 1:500 | Forex, Indices, Stocks, Commodities, Cryptocurrencies | USD, ZAR, GBP | Market Maker | Lowest spreads available |
| Cent | $100 | Variable spreads from 1 pip | 1:500 | Forex, Indices, Stocks, Commodities, Cryptocurrencies | USD, ZAR, GBP | Market Maker | Suitable for smaller trades |
| Weekend Trader | $100 | Variable spreads from 1 pip | 1:500 | Forex, Indices, Stocks, Commodities, Cryptocurrencies | USD, ZAR, GBP | Market Maker | Designed for weekend trading |
| Bonus Rescue | $100 | Variable spreads from 1 pip | 1:500 | Forex, Indices, Stocks, Commodities, Cryptocurrencies | USD, ZAR, GBP | Market Maker | Additional bonuses available |

# Trade245 Broker Account Opening Process

To open an account with Trade245, follow these steps:

1. **Visit the Registration Page**: Go to the Trade245 website and navigate to the account registration portal.
2. **Fill in Personal Information**: Provide your full name, email address, phone number, and create a password.
3. **KYC Verification**: Upload required identification documents, such as a government-issued ID and proof of address, to complete the KYC process.
4. **Select Account Type**: Choose the desired account type from the available options.
5. **Make a Deposit**: Fund your account with a minimum deposit of $100 using one of the supported payment methods (Visa, Mastercard, Skrill, Mpesa, Ozow).
6. **Account Approval**: Wait for account approval, which typically takes up to 24 hours.
7. **Access Trading Platforms**: Once approved, you can access the trading platforms, including MetaTrader 4 and MetaTrader 5.

Optional steps for demo accounts are not specified, but Trade245 does offer demo accounts for practice without financial risk.

Deposit & Withdrawal

# Trade245 Deposit & Withdrawal Guide 2025: Methods, Limits, and Processing Times Explained

## Trade245 Minimum Deposit Requirements

### Trade245 Minimum Deposit Explained

The minimum deposit required to open a trading account with Trade245 is **$100** (approximately **R1683.52**). This amount is competitive within the forex trading industry, providing an accessible entry point for both new and experienced traders.

### Account-Type Comparison

Trade245 offers several account types that can be accessed with the minimum deposit:

1. **Standard Account**: Suitable for most traders with competitive spreads.
2. **Islamic Account**: Swap-free account for traders observing Sharia law.
3. **Demo Account**: A risk-free environment for practice trading.
4. **Bonus Accounts**: Offering deposit bonuses up to R285,000 for qualifying deposits.

### Regional Differences

While the minimum deposit is standardized at $100, variations may occur based on the payment method and account type selected. Some sources indicate that there are no strict minimums beyond this amount, although $100 is the practical minimum for trading and bonus eligibility.

### Advantages and Disadvantages

**Advantages**:
- Low minimum deposit compared to industry standards.
- Multiple account types catering to diverse trading needs.
- Access to various trading instruments including forex, indices, and commodities.
- Support for popular trading platforms like MetaTrader 4 and MetaTrader 5.

**Disadvantages**:
- Limited regulatory oversight raises concerns about fund safety.
- Potential for high fees from third-party payment providers.
- Withdrawal issues reported by some users.
- Limited customer support options may hinder timely assistance.

### Competitor Comparison

In comparison to other brokers, Trade245’s minimum deposit of $100 is lower than the industry average, which often starts around $300 or more. For instance:

- **XM Group**: $100
- **IG Markets**: $300
- **Plus500**: $100

This competitive minimum deposit supports Trade245’s appeal, especially among retail traders.

## Trade245 Deposit Methods

### Trade245 Deposit Methods Comprehensive Guide

Trade245 supports a variety of deposit methods to ensure convenience and accessibility for its users. Below are the available methods along with their details:

1. **Bank Transfer**
- **Processing Time**: 1 to 5 business days.
- **Fees**: Typically none, but check with your bank.
- **Availability**: Widely available.
- **Limits**: Minimum of $5.
- **Pros**: Secure and reliable.
- **Cons**: Slower processing time compared to other methods.

2. **Visa/Mastercard**
- **Processing Time**: Instant to 2 business days.
- **Fees**: Generally none, but may incur third-party fees (1-3%).
- **Availability**: Commonly accepted.
- **Limits**: Minimum of $100.
- **Pros**: Fast processing.
- **Cons**: Potential for higher fees.

3. **Skrill and Neteller**
- **Processing Time**: Instant to 1 business day.
- **Fees**: Typically none from Trade245, but check with the e-wallet provider.
- **Availability**: Widely available.
- **Limits**: Minimum of $100.
- **Pros**: Quick and easy.
- **Cons**: Fees may apply depending on the provider.

4. **MPesa and Ozow**
- **Processing Time**: Instant.
- **Fees**: Usually none.
- **Availability**: Popular local payment options in South Africa.
- **Limits**: Minimum of $100.
- **Pros**: Convenient for South African traders.
- **Cons**: Limited to specific regions.

### Supported Currencies and Recommended Methods

Trade245 accepts deposits in **USD**, **ZAR**, and **GBP**. For faster account activation, using instant methods such as Visa/Mastercard or local options like MPesa is recommended.

## Trade245 Deposit Process

### Trade245 Deposit Steps Explained

To deposit funds into your Trade245 account, follow these steps:

1. **Log In**: Access your Trade245 account through the website or mobile app.
2. **Navigate to Deposit**: Go to the accounts portal and click on “Fund Account”.
3. **Select Method**: Choose your preferred deposit method from the available options.
4. **Enter Amount**: Specify the deposit amount (minimum $100).
5. **Confirm Deposit**: Review the details and confirm your deposit.

### Mobile vs Web Differences

The deposit process is similar on both mobile and web platforms, although the mobile interface may be more streamlined for quick transactions.

### KYC Notes and Common Issues with Solutions

Trade245 requires KYC (Know Your Customer) verification, which may include providing identification and proof of address. Common issues may include:

- **Delayed Verification**: Ensure all documents are submitted correctly to avoid delays.
- **Deposit Not Reflecting**: If a deposit does not show up within the expected time, contact customer support for assistance.

### Typical Fund Crediting Times

Deposits via credit cards or e-wallets are usually instant, while bank transfers may take 1-5 business days to reflect.

## Trade245 Withdrawal Methods

### Trade245 Withdrawal Methods Overview

Trade245 offers several withdrawal methods, each with specific characteristics:

1. **Bank Transfer**
- **Processing Time**: Up to 24 hours for FNB clients; other banks may take longer.
- **Fees**: No withdrawal fees charged by Trade245, but third-party fees may apply.
- **Currencies**: USD, ZAR, GBP.
- **Limits**: No fixed minimum withdrawal amount.
- **Pros**: Secure and reliable.
- **Cons**: May take longer to process.

2. **Visa/Mastercard**
- **Processing Time**: Up to 24 hours.
- **Fees**: No fees from Trade245, but check with your card provider.
- **Currencies**: USD, ZAR, GBP.
- **Limits**: No fixed minimum withdrawal amount.
- **Pros**: Fast processing.
- **Cons**: Potential for higher fees from card providers.

3. **Skrill and Neteller**
- **Processing Time**: Instant to 24 hours.
- **Fees**: No fees from Trade245, but check with the e-wallet provider.
- **Currencies**: USD, ZAR, GBP.
- **Limits**: No fixed minimum withdrawal amount.
- **Pros**: Quick and easy.
- **Cons**: Fees may apply depending on the provider.

4. **MPesa and Ozow**
- **Processing Time**: Instant.
- **Fees**: Usually none.
- **Currencies**: ZAR.
- **Limits**: No fixed minimum withdrawal amount.
- **Pros**: Convenient for South African traders.
- **Cons**: Limited to specific regions.

### Recommended Options by Cost and Speed

For quick withdrawals, e-wallets like Skrill and Neteller are recommended. For lower fees, local options like MPesa and Ozow are ideal.

## Trade245 Withdrawal Process

### Trade245 Withdrawal Steps Explained

To withdraw funds from your Trade245 account, follow these steps:

1. **Log In**: Access your Trade245 account.
2. **Navigate to Withdrawal**: Go to the accounts portal and click on “Withdraw Funds”.
3. **Select Method**: Choose your preferred withdrawal method.
4. **Enter Amount**: Specify the withdrawal amount.
5. **Confirm Withdrawal**: Review the details and confirm your withdrawal.

### ID Verification Requirements

Before processing withdrawals, Trade245 may require verification of your identity. Ensure that all necessary documents are submitted to avoid delays.

### Expected Fund Arrival Time

Withdrawals are generally processed within 24 hours, but may take longer depending on the payment method used.

### Typical Delay Reasons and Fixes

Common reasons for delays in withdrawals may include:

- **Incomplete KYC Verification**: Ensure all documents are submitted and verified.
- **Bank Processing Times**: Bank transfers may take longer depending on the bank’s processing schedule.
- **Technical Issues**: Contact customer support if you experience any technical difficulties.

## FAQs – Trade245 Deposits & Withdrawals

**What is the minimum deposit for Trade245?** 
The minimum deposit is **$100**.

**How long do withdrawals take?** 
Withdrawals typically take up to **24 hours**, but bank transfers may take longer.

**Are there fees for deposits or withdrawals?** 
Trade245 does not charge fees for deposits or withdrawals, but third-party fees may apply.

**Can the same method be used for both?** 
Yes, the same deposit method can generally be used for withdrawals.

**Are crypto or local methods supported?** 
Yes, local payment methods like MPesa and Ozow are supported, but cryptocurrency withdrawals may be limited to specific amounts.

Disclaimer: This card is for informational purposes only and does not constitute investment advice. Always verify details with official disclosures and regulators.

Trade245

Trade245

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