Launched in 2020, Trade245 is a retail broker that is based in Johannesburg, South Africa. They provide traders with the MT4 and MT5 trading platforms, which are available in desktop, web, and mobile versions. Their clients are offered access to various favorable trading conditions, including multiple account options, low spreads, leverage of up to 1:500, demo account, and more. Some of the broker’s trading instruments include forex, indices, stocks, and commodities. The minimum deposit amount to start trading with the broker is $100, while a commission fee of $10 per lot is charged on transactions.
Trade245 Review Introduction
In this Trade245 review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including Trade245.
Trade245 Platforms & Tools
The broker provides traders provides with the MT4 and MT5 trading platforms. They are some of the most popular trading platforms in the industry. While the MT4 was launched in 2005, the MT5 came in 2010 with more advanced features and capabilities. The platforms were built by MetaQuotes, and have a wide array of built-in features, including multiple chart types, several timeframes, drawing tools, expert advisors, and more. The broker makes the MT4 and MT5 trading platforms available in desktop, web, and mobile versions.
Trade245 Research & Education
Trade245 understands the role of educational resources in helping traders make informed trading decisions. As a result, they provide traders with a good selection of learning resources, such as an FAQ section, learning articles, trading guides, glossaries, and a news section that keeps traders up-to-date with the latest happenings in the financial markets.
Trade245 Trading Accounts
There are various trading account options at Trade245, and they include Bonus 100, Bonus Rescue, No Bonus, Swap Free, Zero spread, Cent, and VIX Accounts. The minimum deposit required to start trading is $100.
Trade245 Account Funding
At Trade245, all account deposit and withdrawal requests are processed using any of the following payment methods: bank transfers, credit/d, and some online payment processors, such as Neteller, Skrill, MPESA, and more.
Trade245 Customer Service
Traders are provided with a knowledgeable client support team that is available 24/5 to respond to their general, technical, and account-related inquiries. The support team can be reached via telephone, email, and social media.
Trade245 is a product of Red Pine Capital (PTY) LTD, Johannesburg, South Africa, with company number 2014/220311/07, an authorized financial services provider licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, with FSP No. 46044.
Also, Trade245 (Red Pine Capital (Pty)Ltd) acts as an intermediary between the investor and MarketFinancials Limited, the counterparty to the contract for difference purchased by the Investor via Trade245, authorized and regulated by the Financial Services Authority of Seychelles with Security Dealer License no. SD006.
Trade245 Review Summary
Trade245 is a South African online trading broker that allows clients to buy and sell multiple trading instruments across different asset classes using the MT4 and MT5trading platforms. They make available a selection of learning resources and a client support team to assist traders. Their clients are also provided with various favorable trading conditions to help them get the most out of their trades. The minimum deposit required to start trading is $100.
It is worth mentioning that some of the trading products and services in this Trade245 review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Trade245 broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.