Besides the Trade245 website, you won’t find much information about the company on the internet. In addition, because Trade245 is relatively new, it is unlike many other major trading names.

Its establishment in July 2020 is a new forex and CFD trading platform that is still trying to earn people’s trust.

Considering that the broker is a new player in the South Africa market and doesn’t have much experience yet, it might be difficult to advise whether it’s a good choice.

In any case, we can assist you, as we developed a deep understanding of the platform after registering on it ourselves and testing its features. So keep an eye out for more details about this broker and what it offers, as well as whether it’s safe.

You can find our transparent Trade245 review below. Broker reviews are updated frequently!


We value your feedback: Rate this broker by leaving a comment and rating below this review.


  • FSCA Regulated

  • Local Deposit Options

  • Low Minimum Deposit

  • Broker Verified


  • Limited Customer Support

  • Unestablished Broker


On their website, we found information regarding their regulation at the bottom of the page. Trade245 is regulated since it’s specifically listed as a product of Red Pine Capital (PTY) LTD, Johannesburg, South Africa, and the company number is 2014/220311/07. This is an authorised financial service provider, licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, having the FSP No. 46044.

During our research, we discovered sites like ZumaFX used the same license. Furthermore, some websites suggest that this broker is affiliated with JP Markes or Veracity Markets. Additionally, MarketFinancial Ltd, a Seychelles-based company, has been identified as a counterparty to investor trades on the broker’s website. They hold an FSA Seychelles license with the number SD006. Multiple Forex brokers hold the same license number.

3.4 stars from 84 ratings

up to 100%

Trade245 was established in July 2020 as a new forex and CFD trading platform that is still trying to earn people's trust.

Sign upSign up
CFD service. Your capital is at risk.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.


Trade245 has already experienced a significant amount of growth since it was founded just a few months ago, thanks to its strong offerings and a wide variety of trade-enhancing services.

The broker provides traders with a wide range of account types that serve various trading needs, which is particularly useful due to the broker’s advanced trading environment that can be tailored to meet different trading goals.

Several trading instruments, including FX pairs, indices, stocks, cryptocurrencies, and commodities CFDs, are available for beginners and advanced traders, with relatively low spreads, commission-free accounts, and ultra-fast execution.

Market leaders MetaTrader4 and MetaTrader5 are available to traders; as a result, MetaQuotes is considered the most popular platform for accessing the global market, which is designed to give you control to trade online with speed, security, and reliability.

Tradable products

Brokers at this form offer flexibility in trading over 12000 markets, including foreign exchange, indices, stocks, commodities, and cryptocurrencies. This broker’s website contains a detailed list of each asset category.

Account types

Trade245 currently offers a broad range of account types, including Bonus 100, Bonus Rescue, No Bonus, Swap Free, Zero Spread, Cent, and weekend Trader Accounts.

Traders interested in the available selection of accounts should realise that certain options, such as Swap Free and Weekend Trader Account, may only be available for a short period.

Opening an account

Prospective traders must register for a demo account with the broker before they can use it. Registration is relatively easy, involving the following steps:

  • Visit the broker’s website to access the registration portal
  • You must include both your first and last name
  • Your demo account, and perhaps your real account in the future, will require a password that you can use to log in
  • Indicate the country you live
  • Verify that you are over the age of 18, then read and accept the broker data security protocols
  • After completing the registration process, click “Proceed” to create your demo account.

Demo accounts for Forex are also called practice accounts. This is because they can be used by beginners and professionals to practice trading or to test new trading strategies without any risk of losing money.

Forex demo accounts are also designed for beginners to familiarise themselves with trading’s many facets.

As a result, a demo account will teach traders to place orders, manage existing trade positions, and test or fine-tune trading strategies.

To gain familiarity with your intended trading platform and your strategy, you strongly recommend opening a forex demo account before you open a real account.

The Islamic account holder will use the highly popular MetaTrader4 platform to trade Forex, futures, indices, stocks, and other CFD transactions.

Trending software like Metatrader4 is highly versatile and equipped with many features that suit traders of different experience levels. Its user-friendly interface appeals to beginners, and its charting options, technical analysis tools, and automated trading features will appeal to advanced traders.

With Trade245, opening an Islamic account is straightforward to do. This includes completing the client registration form, and upon approval of the registration, the client may choose to open an Islamic account.

Sadly, Islamic accounts are only available from a specific broker for a limited time.

Muslims can engage in online forex trading using Islamic accounts, which are also known as no-swap accounts.

Islam is practised by 25% of the world’s population, which has resulted in Islamic forex trading gaining traction around the world.

In Islamic forex trading accounts, positions held overnight in the forex market are not charged swap or rollover interest. However, some accounts require an administrative fee to open positions.

Account currency

The first thing that must be established is that clients from the US cannot become clients. Clients from the US will not be offered services. Meanwhile, it’s a bit confusing because the US is one of the country’s options when creating your account. It appears that this platform is accessible to many countries. Depending on the currency you choose, your account balance can be USD, ZAR, or GBP.

Trading platforms

Traders will be provided using the ever-popular Metatrader4 platform, which offers multifunctional features such as:

  • Analysts can perform financial market analyses, run automated trading programs (Experts Advisors) and copy deals of other traders.
  • Three trading modes are available: Instant Execution, 2 markets, 4 pending, to stop orders, and trailing stop functionality.
  • Quick trading functions let you place orders straight from the chart with a single click.
  • Tick charts provide accurate entry and exit points through the built-in feature.
  • Traders can watch 9 different timeframes to see how price dynamics are changing.
  • A comprehensive analysis of price dynamics is possible by using 30 built-in technical indicators and 24 graphic objects.

Spreads and commission

Trader245 offers the following spread list to its client:

Variable spreads are available for each of the seven accounts offered by Trade245, with the average spread as follows:

  • Bonus 100 Account: Spreads from 1 pip
  • Bonus Rescue Account: Spreads from 1 pip
  • No Bonus Account: Spreads from 1 pip
  • Swap-Free Account: Spreads from 1 pip
  • Zero Spread Account: Spreads from 0 pips
  • Cent Account: Spreads from 1 pip
  • Weekend Trader: Spreads from 1 pip

A spread-free account is available through this broker, making the spreads less competitive than those offered by other brokers in the industry.

The broker charges commissions on specific accounts, though he does not specify which accounts are charged. There is, however, a $10 commission per lot where a commission is charged.

Average Standard Account Spreads on Majors

  • EUR/USD: 1.0
  • GBP/USD: 1.2
  • USD/JPY: 1.1
  • AUD/USD: 1.8


There is a swap fee, which is also known as an overnight fee, charged by Trade245. The swap fee for indices and commodities is 5%, while the swap fee for cryptocurrencies and commodities is 2.5%.

Swaps or rollover fees refer to the net interest returns on overnight currency positions held by traders. In other words, an investor borrows one currency to purchase another. A rollover rate, or interest rate, is how much an investor earns for holding a position overnight.

Additionally, the broker provides an Islamic Account, which is known as a swap-free account. Muslims with these accounts can avoid paying interest on loans, which is forbidden by Sharia law.

Brokers do not charge fees for deposits or withdrawals, but your payment processor may charge an additional fee, which the broker cannot control.


With Trade245, all account types can use variable leverage up to 1:500.

Deposits and Withdrawals

Trade245 doesn’t require any minimum deposit to open a broker account. Although, the broker advises traders to make a minimum deposit of at least $100 into their accounts so that they can enjoy flexible and profitable trading.

Traders should also know they cannot deposit less than $5 in their accounts, a low cutoff amount.

Beginner traders are attracted to this broker due to its low minimum deposit requirements.

FNB South Africa processes withdrawals for approved client accounts regularly, appearing in the account within a few hours. This process may take up to 24 hours in other banks. The amount of the withdrawal is not restricted.

The broker also provides negative balance protection, a mechanism that protects clients from financial liability for accounts with a negative balance. The protection is set up to automatically correct clients’ accounts to zero.

Education and research

The website of Trade245 offers a selection of educational resources that include a glossary and articles that cover the essential elements of Forex trading.


Trade245 does not yet provide any independent research and analysis on its website, aside from the inbuilt trading features and analytical tools provided by the MetaTrader suite.

Customer service

Customers can reach Trade245 by email and telephone for a limited level of support. Moreover, there is no multilingual support or online chat option, so customers may have to wait longer to resolve urgent issues.

3.4 stars from 84 ratings

up to 100%

Trade245 was established in July 2020 as a new forex and CFD trading platform that is still trying to earn people's trust.

Sign upSign up
CFD service. Your capital is at risk.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.

Bonuses and promotions

Trade245 offers new traders an account signup bonus, also known as a welcome bonus when they register with the broker.

The promotion will therefore apply a deposit bonus to every deposit made during the promotion. This bonus is available up to a maximum of R 245 000 per trading account or equivalent currency.

There are two different accounts offered by Trade245, each customised to offer a bonus. One is a Bonus 100 Account, and the other is a Bonus Rescue Account.

Special features

Trade245 provides multiple markets to choose from. There are many instruments they offer, including indices, FX pairs, cryptocurrencies, stock, commodity, and futures CFDs. It’s pretty amazing to see how many of these are customised within the types of accounts they provide. Such a wide selection of instruments ensures that you have something to do and always find what you need.

Broker FAQ

Thinking of Trading with Trade245?


Does Trade245 offer a demo account?

There is a free demo account available to all new traders at Trade245.

For how long is the demo account valid?

There is no expiration date listed for the demo account.

Does Trade245 offer the option of an Islamic Account?

Yes, although the Islamic Account is available only for a limited period at this writing.

Does Trade245 charge withdrawal fees?

There are no fees associated with deposits or withdrawals on Trade245.

How long does it take to make a withdrawal?

If you bank with FNB, withdrawals should reflect within a few hours. However, if you bank with another bank, it may take up to 24 hours. This is because the amount you can withdraw is unlimited.

Our verdict

Potential customers of Trade245 are warned that trading Forex and CFDs carries significant risk and may not be suitable for all investors.

Trading with TRADE245 would not be recommended if you cannot afford to lose your money. Before investing, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and experience level.

Traders need to be aware that margin trading is a risky activity, but it also offers the potential for profits.

Traders should be aware that movements in foreign exchange and commodities are very unpredictable. Therefore Trade245 cannot guarantee the maximum losses they may incur.

Bottom line

In addition to sophisticated trading platforms and impressive trading accounts, Trade245 is still a brand new broker in South Africa, which recently entered the booming forex market.

There is a good asset selection, even if spreads are not the lowest, but advanced traders might appreciate the addition of more analytical tools to the broker’s website.


up to 100%

Trade245 was established in July 2020 as a new forex and CFD trading platform that is still trying to earn people's trust.

Top 6 Broker Reviews

Leave a Reply