General Information & Regulation
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. Trade245 (Red Pine Capital (Pty)Ltd) acts as intermediary between the investor and Market Financials Limited, the counterparty to the contract for difference purchased by the Investor via Trade245, authorised and regulated by the Financial Services Authority of Seychelles with Security Dealer License no. SD006. All payments via Skrill and Neteller are processed for Red Pine Capital (Pty) Ltd.
Market Instruments
Tradable financial instruments available on the Trade245 platform including forex curreny pairs, commodities, indices, stocks. Actually, many other brokers could even offers richer instruments, like metals, cryptos, and options, etc.
Minimum Deposit
In terms of minimum initial deposit, the requirement is $100. Although this seems reasonable and proper amount, given the fact that this broker is an unregulated one, traders should stay away from it, anyway.
Leverage
In terms of trading leverage available on the Trade245 platform, Trade245 offers up to 1:500 in leverage. Since leverage can amplify gains as well as losses. Please be warned that trading with levels that high is risky.
Spreads & Commissions
Trade245 offers variable spreads. Clients of Trade245 are allegedly offered spreads starting from 1 pip on majors. However, this information cannot be verified through the MT4 demo account. Besides, commissions are charged on certain account types at $10 per lot.
Trading Platform Available
Trade245 says to support both the MetaTrader4 and MetaTrader5. However, you can only download a MT4 from but Trade245s website, and you cannot test it in demo environment.
Deposit & Withdrawal
With regard to payment methods available, Trade245 advertises working with bank wire, cards, Skrill, as well as Bitcoin.
Crypto network fees:
BTC – Deposit 0.00025; Withdrawal 0.0005
ETH – Deposit 0.005; Withdrawal 0.0085
USDT – Deposit 15; Withdrawal 15
XRP – Deposit 0.02; Withdrawal 0.02
BCH – Deposit 0.001; Withdrawal 0.001
LTC – Deposit 0.001; Withdrawal 0.001
Customer Service
The Trade245 customer service support can be reached through email (support@trade245.com), telephone (+27(0) 87828 8245). Unfortunately, live chat is not available.
