Trade245 Review 2025

What is Trade245?

Trade245 is a platform that offers a pure trading experience with options to trade from anywhere in the world. It was founded in 2020 and operates under a license granted by the FSCA, the most reputable regulator in South Africa. The platform supports both MT4 and MT5 platforms. It is user-friendly and is compatible with Operating Systems (OS), Windows, mobile, web, and iOS. A great feature of this trading platform is that it requires just 24 hours for account activation. Trade245 provides a variety of accounts for trading with both clients’ own and borrowed funds via MetaTrader terminals. It offers low-cost trading with super-tight spreads. There is no minimum opening deposit. The platform offers a wide variety of instruments including FX pairs, indices, stocks and commodities CFDs and more. It supports multiple trading currencies including ZAR, USD, GBP. Trade245 has an affiliate program that allows partners to grow their business. It also offers efficient withdrawal processing. The platform has account balance protection as a precautionary measure to safeguard your funds for the purpose of ensuring you do not lose more money than what has been deposited. The platform has developed an educational segment to enrich its clients with the knowledge to trade with confidence. Its systems are secured on a cloud-based world-scale infrastructure with unique capability to innovate and help keep the organization secure and compliant. Trade245 also has an app for managing your profile on the go. It is planning to introduce weekend trading soon.

What is the Review Rating of Trade245?

What are the Pros of Trade245?

Trade245, a relatively new player in the forex and CFD trading platform, has several advantages that make it a compelling choice for traders. Here are some of the key benefits:. Regulation: Trade245 operates under the license of a reputable financial regulator. It is a product of Red Pine Capital (PTY) LTD, Johannesburg, South Africa, and is licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. Low Minimum Deposit: The platform offers a low minimum deposit, making it accessible to a wide range of traders. High Leverage: Trade245 provides high leverage on all financial instruments. , which can potentially lead to higher profits. Variety of Instruments: Traders have access to a wide variety of instruments including FX pairs, indices, stocks, commodities CFDs, and more. Advanced Trading Environment: The broker’s advanced trading environment can be tailored to meet different trading goals. This is particularly useful due to the broker’s wide range of account types that serve various trading needs. Training and Cent Accounts: Trade245 offers comprehensive training free of charge, including a regular webinar series complemented by advanced trade analysis. This can benefit both part-time beginner traders and advanced market investors. Protection Against Negative Balance: The platform provides protection against a negative balance on all types of accounts. , safeguarding traders from potential significant losses. Narrow Floating Spreads: Trade245’s narrow floating spreads are on par with its competitors. , which can lead to cost-effective trading. Please note that while Trade245 has several advantages, it’s important for potential traders to do their own research and consider all factors before choosing a trading platform.

What are the Cons of Trade245?

Trade245, a relatively new player in the forex and CFD trading platform, has some notable drawbacks that potential investors should be aware of:. Limited Customer Support: Trade245’s customer support is limited. This could pose challenges for traders who require immediate assistance or have complex queries. Unestablished Broker Regulation: Although Trade245 is listed as a product of Red Pine Capital (PTY) LTD and is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. , there are suspicions about its regulatory license. This could raise concerns about the security of traders’ investments. High Potential Risk: Trade245 has been flagged as a high-risk broker. This suggests that traders could face significant risks when investing through this platform. Swap Fees: Trade245 charges swap fees, or overnight fees, which start at 5% per annum for indices and 2.5% for commodities and cryptocurrencies. These additional charges could impact the profitability of trades. Lack of Reputation: Being a new entrant in the market, Trade245 is still trying to earn people’s trust. Its lack of reputation could deter potential traders. Affiliations: There are suggestions that this broker is affiliated with JP Markes or Veracity Markets. If true, this could raise questions about the independence and integrity of Trade245. In conclusion, while Trade245 has experienced significant growth since its establishment and offers a range of trade-enhancing services. , potential investors should carefully consider these drawbacks before deciding to trade with this platform.

What are the Trade245 Current Promos?

Trade245, a renowned platform in the forex trading industry, offers a variety of promotions and features that cater to the needs of its diverse clientele. Account Balance Protection: As a precautionary measure, Trade245 offers this service to safeguard your funds. This ensures that you do not lose more money than what has been deposited. Affiliate Program: Trade245 encourages its users to become partners and grow their businesses. They offer high level client satisfaction and retention. Efficient Withdrawal Processing: Quick withdrawals are an important part of trading effectively. Your dashboard allows for the processing and approval of withdrawal with ease. Multiple Trading Currencies: Trade245 supports multiple trading currencies including ZAR, USD, GBP. Education: Trade245 has developed an educational segment to enrich its clients with the knowledge to trade with confidence. Secure and Trusted: Trade245’s systems are secured on a cloud-based world-scale infrastructure with unique capability to innovate and help keep their organization secure and compliant. Super Fast Execution: The speed and stability of Trade245’s platform allows for a smoother trading experience ensuring a solid execution. Variety of Instruments: Trade245 offers a wide variety of instruments including FX pairs, indices, stocks and commodities CFDs and more. Low-Cost Trading: Trade245 offers accounts which provide trading solutions with super-tight spreads suitable for all high-volume traders looking for transparent commission-based structures. Weekend Trading - Coming Soon: Trade245 is planning to introduce a synthetic index that is simulated within the MT5 platform. This will offer a variety of pairs including Volatility75. Trade245 also offers a wide variety of tailored account types, which consist of the Bonus 100, Bonus Rescue, No Bonus, Swap Free, Zero Spread, Cent, and Weekend Trader Accounts. Traders should note that these account types tend to change, with some only available for a limited time.

What are the Trade245 Highlights?

Trade245 is a platform that offers a variety of features and benefits for forex trading. Here are some of the highlights:. Account Balance Protection: This service is offered as a precautionary measure to safeguard funds, ensuring that traders do not lose more money than what has been deposited. Affiliate Program: Traders can become partners and grow their businesses. The platform offers high-level client satisfaction and retention. Efficient Withdrawal Processing: Quick withdrawals are an important part of trading effectively. The dashboard allows for the processing and approval of withdrawal with ease. Multiple Trading Currencies: The platform supports a variety of currencies including ZAR, USD, GBP. Education: Trade245 has developed an educational segment to enrich clients with the knowledge to trade with confidence. Secure and Trusted: The systems are secured on a cloud-based world-scale infrastructure with unique capability to innovate and help keep the organization secure and compliant. Super Fast Execution: The speed and stability of the platform allow for a smoother trading experience ensuring a solid execution. Variety of Instruments: The platform offers a wide variety of instruments including FX pairs, indices, stocks, and commodities CFDs. Low-Cost Trading: There is no minimum opening deposit. Accounts offer trading solutions with super-tight spreads suitable for all high-volume traders looking for transparent commission-based structures. Weekend Trading: This is a synthetic index that is simulated within the MT5 platform. It offers a variety of pairs including Volatility75. Trade245 is a product of Red Pine Capital (PTY) LTD, Johannesburg, South Africa, and is licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. All client funds are securely held in Red Pine Capital (PTY) LTD segregated bank accounts for client’s peace of mind. All withdrawals are processed within hours, giving traders fast and easy access to their funds.

Is Trade245 Legit and Trustworthy?

Trade245 is a forex broker that has been the subject of both positive and negative reviews. It is registered and authorized in South Africa. , and regulated by the Financial Sector Conduct Authority (FSCA). This regulation by a major authority is intended to prevent fraud and scams. However, customer reviews on Trustpilot indicate a range of experiences. Some traders have reported issues with withdrawals, discrepancies in broker spreads, and poor customer service. There are also allegations of the company being dishonest and deceitful. On the other hand, some customers have had positive experiences, stating that they have not encountered any problems with the broker over a year of trading. They highlight the broker’s low trading fees and quick account activation. In conclusion, while Trade245 is a regulated broker, the mixed reviews suggest that potential traders should proceed with caution. It is always recommended to thoroughly research any broker before deciding to invest. Please note that this information is based on available online reviews and may not be fully comprehensive or up-to-date. Always conduct your own due diligence when choosing a forex broker.

Is Trade245 Regulated and who are the Regulators?

Trade245 is a registered and authorised CFD and forex broker. It is a trading name of Red Pine Capital (PTY) LTD, a company based in Johannesburg, South Africa. The broker is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. This regulation by a major authority assures the prevention of fraud and scams. In addition to the FSCA, Trade245 also holds a license from the Financial Services Authority (FSA) in Seychelles. This allows the firm to operate internationally. The broker offers a range of online trading services, including Forex, Indices, Stocks, Commodities CFDs, and Cryptocurrencies. It provides secure trading conditions and efficient execution of trades through the widely used MetaTrader trading platforms. However, it’s worth noting that Red Pine Capital (PTY) Ltd, the company that owns Trade245, has been associated with other brands such as ZumaMarkets and ZumaFX, which have been flagged as scam brands. Therefore, while Trade245 is regulated and generally considered safe, traders should exercise caution and conduct thorough research before engaging with the broker.

Did Trade245 win any Awards?

Trade245, a forex broker, has not listed any awards on its website to date. This information is based on the most recent data available. It’s important to note that the recognition of a broker in the form of awards can often instill more confidence in the broker as an industry leader and provides it with a good reputation in its solutions and services provision. However, the absence of awards does not necessarily reflect on the quality or success of a broker. Trade245, for instance, is known for its variety of value-added trading services. It offers various account types designed to cater to the daily trading needs of traders. The broker’s ultra-low-latency networks allow traders to enter and exit positions with precision timing. Furthermore, Trade245 offers comprehensive training at no charge to qualifying clients. This free training includes a series of regular webinars and trade analyses which help participants make informed decisions. Therefore, while Trade245 may not have won any awards to date, it continues to offer a range of services that cater to the needs of forex traders.

How do I get in Contact with Trade245?

Trade245, a prominent player in the forex market, offers multiple channels for potential clients, existing customers, and business partners to get in touch. Client Support For client support, Trade245 has a dedicated team available 24/5. They can be reached at support@trade245.com. This is the primary channel for any trading related questions or issues with your account or their platform. Business / General Inquiries For business and general inquiries, Trade245 can be contacted at info@trade245.com. This channel is not intended for support related questions. Contact Number Trade245 can also be reached via phone at +27 (0) 87 828 8245. Physical Address Trade245 has offices at the following locations:. Wetton Works, 14 Mercury Crescent Wetton, Cape Town, 7780, South Africa. Menlyn Square, Building B, 1st Floor 132 Aramist Ave Menlyn, Pretoria, 0063. Bug Report If you encounter a bug on their systems or websites, you can send a report directed at their dev team via the support channels mentioned above. The report should include a short description of the issue, the URL of the page or service where you found it, the device you were using at the time, and if possible, methods to replicate the issue. Complaints In terms of the General Code of Conduct, every Financial Services Provider must maintain an internal complaints resolution procedure. If you have a complaint about a financial service rendered by Trade245 or a Representative of Trade245, you can familiarize yourself with the complaints policy as per their legal section. Please note that this information is accurate as of the last update and it’s always a good idea to check their official website for the most current contact information.

Where are the Headquarters from Trade245 based?

Trade245, a prominent player in the forex trading industry, is headquartered in South Africa. The company operates from two locations within the country. The primary office is located at Wetton Works, 14 Mercury Crescent, Wetton, Cape Town, 7780, South Africa. This location serves as the registered address for Trade245 (Pty) Ltd, with the registration number 2020/539/887. In addition to the Cape Town office, Trade245 also maintains a.

What kind of Customer Support is offered by Trade245?

Trade245 offers a comprehensive and robust customer support system to assist its clients with their trading needs. The support team is available 24 hours a day, five days a week, and can be reached via email at support@trade245.com for support related questions. For business and general inquiries, clients can contact info@trade245.com or call +27 (0) 87 828 8245. The company provides a detailed FAQ section on its website, which serves as the first stop for solutions to common issues. This section covers a wide range of topics, including account details, deposit and withdrawal procedures, trading times, account types, and more. If clients have any reason to feel dissatisfied with any aspect of the services, they are encouraged to contact the Customer Services Department on +27 (0) 21 527 0080 or email info@trade245.co.za as the vast majority of complaints can be dealt with at this level. Trade245 also has a dedicated team for handling bug reports. Clients who find a bug on the systems or an oddity on any of the websites of the company’s domains are encouraged to send a report directed at the dev team via the support channels. In terms of the General Code of Conduct, every Financial Services Provider must maintain an internal complaints resolution procedure if a client complains about a financial service rendered by the FSP or a Representative of the FSP. Overall, Trade245’s customer support system is designed to provide prompt and efficient service to its clients, ensuring a smooth and seamless trading experience.

Which Educational and Learning Materials are offered by Trade245?

Trade245 offers a comprehensive suite of educational and learning materials designed to equip traders with the knowledge and skills they need to navigate the Forex market. These resources cover a wide range of topics, providing a thorough understanding of Forex trading. Forex Education: Trade245 provides detailed insights into the history of the Forex market, how Forex trading works, and what influences buying and selling. The foreign exchange market is a decentralized, over-the-counter (OTC) global market, with a daily volume that surpasses $4 trillion a day worldwide. This makes it the largest financial market in the world, well over three times the total amount of the stocks and futures markets combined. Participants of the Forex market include banks, corporations, institutional investors, hedge funds, and individuals. Forex trading involves buying or selling one currency against another. One of the key advantages of Forex trading is that relatively small lot sizes can be traded, with lot sizes as small as 1000 units or one micro lot. Forex trading also involves leverage, which in some cases can be as high as 1:500. This allows traders to trade with more money than they actually have in their trading account. For example, if a trader had 1:100 leverage, they could use a $1,000 deposit to control $100,000 worth of currency. However, while leverage can result in an increase in gains, if not used correctly, it can also result in increased losses. Margin is the amount of money required in a trader’s account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to the trading account. If a trader does not have sufficient free equity available, they will be unable to open a position on the trading platform. A margin call occurs when the balance of a trader’s account is not sufficient to maintain the margin on their current open positions. If the market moves against a trader, they will need to deposit additional funds into their trading account to maintain their open positions or run the risk of their positions being automatically closed. This is known as ‘liquidation’. Trade245 also provides 24/5 customer support, staffed by trading experts who can assist with technical support, analysis recommendations, general inquiries, and operational issues.

Can anyone join Trade245?

Trade245, a prominent player in the forex market, offers a platform for individuals worldwide to engage in trading activities. The process of joining Trade245 is straightforward and user-friendly. Eligibility Criteria. To open an account with Trade245, individuals must meet certain criteria. Firstly, they must be over the age of 18. This is a standard requirement across most trading platforms to ensure that users are legally able to participate in trading activities. Account Types. Trade245 offers different types of accounts to cater to the diverse needs of its users. For individual traders, a personal account can be opened. To open a corporate account, companies are required to provide copies of their registration documents. Documentation. For verification and validation, Trade245 requires certain documents from its users. For a personal account, a copy of the user’s Passport/ID (front and back for ID card) and a bank statement verifying the address used on sign up are required. Account Approval. Trade245 uses a third-party verification process, and if the information supplied on sign up can be verified and validated, the profile can be approved instantly. Trading Activities. Once the account is set up, users can engage in various trading activities. They are eligible to open as many positions per instrument type as they wish. However, users are advised to understand the risks associated with additional positions. Minimum Deposit. While there does not appear to be a minimum deposit amount required to open a broker account with Trade245, the broker does recommend making a minimum deposit of at least $100 when opening an account to be able to trade effectively. In conclusion, joining Trade245 is a straightforward process, provided the eligibility criteria are met and the necessary documents are provided. The platform offers a variety of trading options, making it a suitable choice for both individual and corporate traders.

Who should sign up with Trade245?

Trade245 is a platform that caters to a wide range of individuals interested in the world of forex trading. Here are some categories of people who might find Trade245 beneficial:. Beginners in Forex Trading: Trade245 offers an easy and simple account setup process. It also provides an educational segment to enrich clients with the knowledge to trade with confidence. Experienced Traders: For those with experience in forex trading, Trade245 offers a variety of instruments including FX pairs, indices, stocks, and commodities CFDs. The platform also boasts of super-fast execution speed and stability, allowing for a smoother trading experience. High-Volume Traders: Trade245 offers accounts with super-tight spreads suitable for high-volume traders looking for transparent commission-based structures. Partners and Affiliates: Trade245 has an affiliate program that allows partners to grow their business. Global Traders: Trade245 supports multiple trading currencies including ZAR, USD, GBP. , making it suitable for traders around the world. Security-Conscious Traders: Trade245’s systems are secured on a cloud-based world-scale infrastructure with unique capability to innovate and help keep the organization secure and compliant. Traders Seeking Balance Protection: Trade245 offers account balance protection as a precautionary measure to safeguard funds, ensuring traders do not lose more money than what has been deposited. Please note that potential users must be over the age of 18. to register an account with Trade245. It’s always recommended to understand the risks associated with forex trading before getting started.

Who should NOT sign up with Trade245?

Trade245, a Forex broker, may not be the ideal choice for everyone. Here are some categories of traders who might want to reconsider signing up with Trade245:. Traders Seeking Transparency: Some users have reported discrepancies between the data displayed on Trade245’s MetaTrader 4 platform for Windows and its mobile version. This lack of consistency can be problematic for traders who rely on accurate data for their trading decisions. Traders Prioritizing Customer Service: There have been instances where customers faced issues with withdrawals and did not receive adequate support from the Trade245 team. If responsive customer service is a priority, traders might want to look elsewhere. Traders Looking for a Wide Range of Assets: According to a review, the range of assets offered by Trade245 is limited, with only a few secondary pairs available. Traders interested in a diverse portfolio might find this limiting. Scalpers: Trade245 does not restrict scalping, but the speed for such operations is reportedly insufficient. Therefore, traders who employ a scalping strategy might not find Trade245 suitable. Traders Concerned About Broker Reputation: Trade245 has received mixed reviews from users, with some labeling it as a high-risk broker. Traders who value broker reputation might want to consider this before signing up. Traders Valuing Regulatory Compliance: While Trade245 operates under a license granted by the FSCA, a reputable regulator in South Africa. , it’s always important for traders to conduct their own due diligence. Remember, choosing a Forex broker is a significant decision that should be based on careful consideration of various factors, including trading needs, risk tolerance, and personal preferences. It’s always recommended to research thoroughly and consider multiple options before making a decision.

Does Trade245 offer Discounts, Coupons, or Promo Codes?

Trade245, a renowned platform in the Forex trading industry, is known for its user-friendly interface and a wide range of trading options. As per the latest information, Trade245 does offer promotions and bonuses. These incentives are designed to attract new traders and reward loyal customers, thereby enhancing the overall trading experience. However, it’s important to note that the availability and specifics of these promotions may vary and are subject to change. Therefore, it’s recommended to regularly check the official Trade245 website or subscribe to their newsletter for the most up-to-date information. Remember, while these promotions can provide added benefits, they should not be the sole factor in choosing a Forex trading platform. Other factors such as security, customer service, and the range of available trading options should also be considered. Lastly, always read the terms and conditions associated with these promotions to ensure you fully understand the requirements and potential benefits.

Which Account Types are offered by Trade245?

Trade245, a South African online Forex broker, offers a variety of account types to cater to the diverse needs of traders. These account types are designed to provide traders with benefits and services that cater to their daily trading needs. Here are the account types offered by Trade245:. Bonus 100: This account type offers a 100% deposit bonus. It has a leverage of 1:500 and variable spreads from 1 pip. No Bonus: This account type does not offer a deposit bonus but provides lower trading costs. It also has a leverage of 1:500 and variable spreads from 1 pip. Swap Free: This account type is designed for traders who require swap-free trading. It has a leverage of 1:500 and variable spreads from 1 pip. Zero Spread: This account type offers variable spreads from 0 pips, providing traders with the opportunity to trade with no spread. It has a leverage of 1:500. Cent: This account type is designed for traders who want to trade with smaller amounts. It has a leverage of 1:500 and variable spreads from 1 pip. VIX 75: This account type is specifically designed for trading the VIX 75 index. It has a leverage of 1:500 and variable spreads from 1 pip. It’s important to note that these account types are subject to change, and some may only be available for a limited time. Each account type has its own set of conditions for commission, margin calls, leverage, and minimum deposits. Traders are advised to check the Trade245 website for the most up-to-date information.

How to Open a Trade245 LIVE Account?

Opening a Trade245 LIVE Account is a straightforward process that involves a few key steps. Firstly, navigate to the Trade245 website. The website is designed to make the account setup process easy and simple, allowing users to trade from anywhere in the world. Once on the website, access the registration portal. This is where the process of setting up a LIVE account begins. During the registration process, you will need to provide your full name and surname. This is an important step as it helps Trade245 identify you as the account holder. Next, create and confirm a password. This password will be used to access your LIVE account in the future. It is recommended to create a strong password to ensure the security of your account. Indicate your country of residence. This information is necessary for Trade245 to provide you with the most relevant trading options and services. After providing all the necessary information, proceed to register your free account with Trade245. By registering, you agree to the Terms & Conditions and GDPR and POPI. Please note that you must be over the age of 18 to open a Trade245 LIVE Account. Once the registration process is complete, you can start trading. Trade245 offers a variety of instruments including FX pairs, indices, stocks, and commodities CFDs. They also offer multiple trading currencies including ZAR, USD, GBP. Trade245 is committed to providing a pure trading experience with more control. They offer account balance protection to safeguard your funds. , efficient withdrawal processing. , and a secure and trusted platform. In conclusion, opening a Trade245 LIVE Account involves visiting the Trade245 website, accessing the registration portal, providing personal information, creating a password, indicating your country of residence, and agreeing to the terms and conditions.

How to Open a Trade245 DEMO account?

Opening a Trade245 DEMO account is a straightforward process that allows traders to practice forex trading at zero risk. Here is a step-by-step guide:. Step 1: Visit the Broker’s Website Navigate to the registration portal on the Trade245 website. Step 2: Provide Personal Information Provide your full name and surname. This information will be used for your demo account, and possibly your live account in the future. Step 3: Create a Password Create and confirm a password that you will use to access your demo account, and possibly your live account in the future. Step 4: Indicate Your Country of Residence Provide your country of residence. Step 5: Confirm Your Age and Agree to Data Security Protocols Ensure that you are at least 18 years old and have read and accepted the broker’s data security protocols. Step 6: Complete the Registration Process The final step in the registration process is to click “proceed” to set up a demo account. Once the account is set up, traders can use the demo account to learn about a real trading environment, where they can develop their trading skills through active participation in trades and developing their trading strategies.

How Are You Protected as a Client at Trade245?

Trade245 offers several measures to protect its clients. Here are some of the key protections:. Account Balance Protection: Trade245 offers a service to safeguard your funds, ensuring you do not lose more money than what has been deposited. Efficient Withdrawal Processing: Quick withdrawals are an important part of trading effectively. Trade245’s dashboard allows for the processing and approval of withdrawal with ease. Secure and Trusted Systems: Trade245’s systems are secured on a cloud-based world-scale infrastructure with unique capability to innovate and help keep the organization secure and compliant. Protection Against Negative Balance: Trade245 provides protection against a negative balance on all types of accounts. However, it’s important to note that while Trade245 offers these protections, it is currently unregulated. This means that there may be additional risks involved when trading with this platform. Always ensure to do thorough research and consider your financial situation and risk tolerance before engaging in forex trading.

Which Funding methods or Deposit Options are available at Trade245?

Trade245, a brokerage company established in 2020 in Johannesburg, South Africa. , offers a range of online trading services, including Forex, Indices, Stocks, Commodities CFDs, and Cryptocurrencies. Deposit Options: Visa/Mastercard: These are widely accepted credit/debit card options for making deposits. Skrill: An e-wallet that allows for quick and easy online payments. MPesa: A mobile phone-based money transfer service, primarily used in Africa. Ozow: An instant EFT payment service that allows for secure, quick, and easy transfers. . Trade245 accepts three types of deposit currencies, namely ZAR/Rand, GBP, and USD. Traders depositing in currencies not listed will likely incur conversion fees. Deposits via the client dashboard/portal are instant. The minimum deposit amount to open a real trading account is $100 / R1683,52. The Minimum Deposit for 1st-time traders might vary based on the trading account type selected. Deposit activation can be up to 72 hours. It is also important to know that traders cannot deposit less than $5 / R84,18 into their accounts. Trade245 provides secure trading conditions and efficient execution of trades through the widely used MetaTrader trading platforms.

What is the Minimum Deposit Amount at Trade245?

Trade245, a forex broker headquartered in Johannesburg, South Africa. , requires a minimum deposit amount to open a real trading account. This amount is $100 / R1683,52. However, the minimum deposit for first-time traders might vary based on the trading account type selected. It’s important to note that deposit activation can take up to 72 hours. Furthermore, traders cannot deposit less than $5 / R84,18 into their accounts. This low cut-off amount and the lack of a minimum deposit make Trade245 an affordable option for many beginner traders. Trade245 offers several widely used online deposit and withdrawal methods, including Visa/Mastercard, Skrill, MPesa, and Ozow. The broker accepts three types of deposit currencies: ZAR/Rand, GBP, and USD. Traders depositing in currencies not listed will likely incur conversion fees. Deposits made through the client dashboard/portal are processed immediately. In the unlikely event that a deposit does not reflect directly, clients have the option to contact the broker’s support team who will be able to fix the error. Withdrawals for approved client accounts are processed regularly and typically reflected within a few hours when banking with FNB in South Africa.

Which Withdrawal methods are available at Trade245?

Trade245, a renowned platform in the forex trading industry, offers a variety of withdrawal methods to cater to the diverse needs of its global clientele. The platform is committed to providing a seamless trading experience, and this includes ensuring a smooth and efficient withdrawal process. Withdrawal Methods: Visa and Mastercard: Trade245 supports withdrawals to both Visa and Mastercard. This is a widely used method due to its convenience and global acceptance. Skrill: Skrill, a popular online wallet, is another withdrawal method supported by Trade245. It’s known for its speed and low transaction fees. MPesa: For users in regions where MPesa is available, Trade245 allows withdrawals using this mobile money transfer service. Ozow: Ozow is an instant smart EFT payment service that allows for quick, easy, and secure withdrawals. . It’s important to note that the.

Which Fees are charged by Trade245?

Trade245, a forex trading platform, charges various types of fees. Here’s a detailed breakdown:. Spreads: Trade245 offers variable spreads for each of the seven accounts on offer. The spreads are 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. While these spreads are not as competitive as those offered by many other brokers in the industry, Trade245 does offer a spread-free account. Commissions: Trade245 charges commissions on certain accounts, though it does not indicate which accounts these are. Where a commission is charged, it is done so at $10 per lot. Swap Fees: Trade245 charges swap fees, also referred to as overnight fees. This swap fee starts at 5% per annum for indices and 2.5% for commodities and cryptocurrencies. A swap or rollover fee is the net interest return on a currency position held overnight by a trader. That is, when trading currencies, an investor borrows one currency to buy another. The interest paid, or earned, for holding the position overnight is called the rollover rate. Trade245 does offer an Islamic account, also referred to as a swap-free account, which allows Muslim traders to avoid this type of interest as it is prohibited by Sharia law.

What can I trade with Trade245?

Trade245 offers a wide range of trading options to its users. Here are some of the key trading instruments available:. Forex Pairs: Trade245 provides a platform for trading in a variety of foreign exchange or forex pairs. This allows traders to speculate on the relative strength of one currency against another. Indices: Indices are also available for trading on Trade245. These are typically groups of stocks representing a particular market or sector, allowing traders to speculate on the overall direction of that market or sector. Stocks: Trade245 offers the opportunity to trade in stocks. This allows traders to speculate on the future price movements of individual companies. Commodities CFDs: Commodities Contracts for Difference (CFDs) are also available for trading. These allow traders to speculate on the price of commodities such as gold, oil, or agricultural products without needing to own the physical commodity. Cryptocurrencies: Trade245 also offers trading in cryptocurrencies. This allows traders to speculate on the price movements of various digital currencies. Trade245 offers different account types designed to meet the needs and demands of all types of traders. These include accounts with variable spreads starting from 1 pip, leverage of 1:500, and the option to exclude bonuses. The platform also offers low-cost trading with no minimum opening deposit and super-tight spreads suitable for high-volume traders looking for transparent commission-based structures. In addition to these trading options, Trade245 also provides a range of features to support its users. These include account balance protection, an affiliate program, efficient withdrawal processing, multiple trading currencies (ZAR, USD, GBP), educational resources, and a secure and trusted platform. Please note that trading involves risk and it’s important to understand these risks before starting to trade.

Which Trading Platforms are offered by Trade245?

Trade245 offers two main trading platforms, which are highly appreciated by its customers for their user-friendly interface, advanced charting features, technical analysis tools, and automated trading capabilities. The first platform is MetaTrader 4 (MT4). Established in 2000 by MetaQuotes Software Corp., MT4 is perfect for traders of all experience levels. It supports Forex, Future, Indices, Equities, and other CFD transactions. This is the platform used for trading on Bonus, No Bonus, Swap Free, and Zero Spread accounts. The second platform is MetaTrader 5 (MT5). Released in 2010, MT5 is a multi-asset trading software system that allows trading Forex symbols, stock instruments, and futures. It’s faster, more functional, more reliable, and more convenient than previous-generation platforms. This is the platform used for trading on Weekend Trader accounts. Both platforms offer a leverage of 1:500 and accounts for various trading needs. The set of assets available for trading includes Forex and CFDs for various classes such as stocks, metals, commodities, cryptocurrencies, and stock indices.

Which Trading Instruments are offered by Trade245?

Trade245 offers a wide range of trading instruments to cater to the diverse needs of traders. These include:. Forex: Trade245 provides a platform for trading in Forex. The MetaTrader 4 platform supports Forex transactions. CFDs: Contracts for Difference (CFDs) for various classes such as stocks, metals, commodities, cryptocurrencies, and stock indices are available for trading. The MetaTrader 4 platform supports these CFD transactions. Stocks: Trade245 offers the opportunity to trade in stocks. This is facilitated through the MetaTrader 4 and 5 platforms. Metals: Metals are another class of assets available for trading. Commodities: Commodities form a part of the trading instruments offered. Cryptocurrencies: Trade245 also provides a platform for trading in cryptocurrencies. Stock Indices: Stock indices are included in the set of assets available for trading. Trade245 provides the MetaTrader 4 and 5 platforms, which are recognized for their user-friendly interface, advanced charting features, technical analysis tools, and automated trading capabilities. The MetaTrader 5 platform allows trading Forex symbols, stock instruments, and futures. The leverage offered is 1:500. , and accounts are available for various trading needs.

Which Trading Servers are offered by Trade245?

Trade245, a well-known online trading platform, offers its users access to two of the most popular trading servers in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MetaTrader 4 (MT4) is a widely recognized platform for forex trading. It is appreciated for its user-friendly interface, advanced charting features, technical analysis tools, and automated trading capabilities. MT4 supports trading in Forex, Futures, Indices, Equities, and other CFD transactions. This platform is used to trade on Trade245’s Bonus, No Bonus, Swap Free, and Zero Spread accounts. MetaTrader 5 (MT5), on the other hand, is a more recent and advanced platform. It allows trading in Forex symbols, stock instruments, and futures. MT5 is faster, more functional, more reliable, and more convenient than its predecessor. This platform is used to trade on Trade245’s Weekend Trader accounts. Both platforms are provided by MetaQuotes Software Corp., a leading developer of software applications for brokerages, banks, and exchanges. The company’s commitment to excellence and simplicity has earned it partnerships with nearly a thousand of the largest financial institutions worldwide. Trade245 also ensures the security of its clients’ deposits by storing them in segregated bank accounts. It provides liquidity from Tier 1 suppliers and executes orders with moderate speed. The platform offers a competitive trading environment with a wide range of trading instruments, multiple account types, and popular trading platforms. In conclusion, Trade245 offers its users access to the robust and reliable servers of MetaTrader 4 and MetaTrader 5, catering to various trading needs and ensuring a secure and efficient trading experience.

Can I trade Crypto with Trade245? Which crypto currencies are supported by Trade245?

Trade245 is a platform that allows trading in a variety of financial instruments, including cryptocurrencies. It offers a pure trading experience with more control. The platform supports multiple trading currencies. and provides a variety of instruments including FX pairs, indices, stocks, commodities, and more. When it comes to cryptocurrencies, Trade245 supports trading in over 20 cryptocurrencies. Some of the popular cryptocurrencies supported by Trade245 include Bitcoin, Ethereum, and Litecoin. This wide range of cryptocurrencies provides traders with the opportunity to diversify their portfolio and take advantage of the volatility in the crypto market. Trade245 also offers features like account balance protection to safeguard your funds. , efficient withdrawal processing for effective trading. , and an educational segment to enrich clients with the knowledge to trade with confidence. The platform is secured on a cloud-based world-scale infrastructure, ensuring security and compliance. In terms of forex trading, Trade245 offers more than 150 underlying assets for trading CFD’s, including all popular Forex pairs. The margin/leverage rates on Forex pairs can go up to 500:1. This makes Trade245 a comprehensive platform for both forex and crypto trading. However, it’s important to note that while trading cryptocurrencies, the leverage is 10:1. This is significantly lower than the leverage offered for forex trading, reflecting the higher volatility and risk associated with cryptocurrency trading. In conclusion, Trade245 is a versatile platform that supports trading in a variety of cryptocurrencies and forex pairs. It offers a range of features and tools designed to enhance the trading experience and cater to the needs of traders of all experience levels.

What is the Leverage on my Trade245 Trading Account?

Trade245, a regulated broker, offers a variety of trading account types, each designed to meet the needs and demands of different types of traders. One of the key features of these accounts is the leverage provided. Leverage, in the context of forex trading, refers to the use of borrowed capital to increase the potential return of an investment. It allows traders to open positions that are larger than the capital in their account. Trade245 offers a maximum leverage ratio of 1:500 for all account types. This means that for every dollar in a trader’s account, they can trade up to $500 on the forex market. This high leverage ratio can provide traders with the opportunity to make significant profits. However, it’s important to note that while leverage can magnify profits, it can also magnify losses. Therefore, leverage should be used judiciously and traders should have effective risk management strategies in place. The different account types offered by Trade245 include:. Bonus 100 Account: Offers a leverage of 1:500 with variable spreads from 1 pip. This account type includes a bonus. No Bonus Account: Offers a leverage of 1:500 with variable spreads from 1 pip. This account type excludes a bonus. Swap Free Account: Offers a leverage of 1:500 with variable spreads from 1 pip. This account type excludes a bonus. Zero Spread Account: Offers a leverage of 1:500 with variable spreads from 0 pips. This account type excludes a bonus. Cent Account: Offers a leverage of 1:500 with variable spreads from 1 pip. This account type excludes a bonus. VIX 75 Account: Offers a leverage of 1:500 with variable spreads from 1 pip. This account type excludes a bonus. Each account type is designed to cater to different trading styles and strategies. Traders should choose the account type that best suits their trading needs and risk tolerance. In conclusion, Trade245 offers a high leverage ratio of 1:500 across all its account types, providing traders with the potential to make significant profits. However, traders should also be aware of the risks associated with high leverage and trade responsibly.

What kind of Spreads are offered by Trade245?

Trade245, a forex trading platform, offers variable spreads for each of the seven accounts on offer. Here are the details:. 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. It’s important to note that these spreads are not as competitive as those offered by many other brokers in the industry, many of which offer spreads from as little as 0.4 pips. However, Trade245 does make a spread-free account available. In addition to the spreads, Trade245 charges swap fees, also referred to as overnight fees. This fee starts at 5% per annum for indices and 2.5% for commodities and cryptocurrencies. A swap or rollover fee is the net interest return on a currency position held overnight by a trader. That is, when trading currencies, an investor borrows one currency to buy another. The interest paid, or earned, for holding the position overnight is called the rollover rate. Trade245 also charges commissions on certain accounts, though it does not indicate which accounts. Where a commission is charged, it is done so at $10 per lot.

Does Trade245 offer MAM Accounts or PAMM Accounts?

Trade245, a South Africa-based online Forex broker, offers a variety of tailored account types. These include the Bonus 100, Bonus Rescue, No Bonus, Swap Free, Zero Spread, Cent, and Weekend Trader Accounts. However, there is no explicit mention of MAM (Multi-Account Manager) or PAMM (Percentage Allocation Management Module) accounts being offered by Trade245. For clarity, MAM and PAMM accounts are types of managed accounts that allow fund managers to manage multiple accounts from a single account without having to create an investment fund. The performance (profits and losses) of a MAM or PAMM account manager is distributed among the managed accounts. The clients’ managed accounts are connected to the account manager’s main account and all trades made by the manager are reflected proportionally in the clients’ accounts. In the case of Trade245, it is not clear whether they offer these specific types of managed accounts. It is recommended to directly contact Trade245 for the most accurate and up-to-date information regarding their account offerings.

Does Trade245 allow Expert Advisors?

Trade245, a forex and CFD trading platform, is known for its strong offerings and a wide variety of trade-enhancing services. One of the key features that sets Trade245 apart is its support for Expert Advisors. Expert Advisors (EAs) are automated trading systems that operate within the MetaTrader platform. They are designed to implement advanced strategies without the need for manual intervention. The use of EAs can be a significant advantage for traders, allowing them to take advantage of market opportunities that may occur outside of regular trading hours or at times of high market volatility. Trade245’s advanced trading environment is tailored to meet different trading goals, particularly through the wide range of account types that serve a variety of specific trading needs. This environment is compatible with MetaTrader 4, a platform widely recognized for its capacity to run EAs. In conclusion, Trade245 does allow the use of Expert Advisors, providing traders with the opportunity to automate their trading strategies and potentially enhance their trading outcomes.

Does Trade245 offer Copytrading?

Yes, Trade245 does offer Copytrading. Copytrading, a popular strategy in the world of Forex trading, allows traders to copy the trades of experienced and successful Forex traders. Trade245’s platform provides this feature, enabling less experienced traders to potentially benefit from the strategies of those who are more seasoned. Users can log into the Copy Trading Client portal on Trade245’s website using their MetaTrader account details. This suggests that Trade245’s Copytrading feature is integrated with MetaTrader, a popular platform used by Forex traders worldwide. There is also a YouTube video titled “Trade 245 : How to Start Copying a Trader” which could provide users with a step-by-step guide on how to use the Copytrading feature on Trade245. In conclusion, Trade245 does offer Copytrading, providing an opportunity for users to potentially enhance their Forex trading strategies by leveraging the expertise of more experienced traders.