Corporate Profile
Trade245 Was Established In 2020 And Is Headquartered In South Africa . The Company Offers Forex And Contracts For Difference (CFD) Trading Services Through Its Website, Covering A Wide Range Of Financial Instruments.
Although Trade245 Claims To Be Authorised And Regulated By The Financial Sector Regulatory Authority Of South Africa (FSCA), The License Was Found To Be A Clone. Therefore, Trading With Trade245 May Involve Higher Risks.
Regulatory Information
Trade245 Misled Its Regulatory Status By Claiming To Have A License From The Financial Sector Regulatory Authority Of South Africa (FSCA). However, Upon Investigation, It Was Found That The Regulated Entity Listed On The License, RED PINE C Application Programming Interface TAL (PTY) LTD, Is Not Affiliated In Any Way With The Trade245 Trading Brand. As A Result, Trade245 Illegally Uses The Regulatory License To Mislead Unsuspecting Investors, Compromising The Transparency And Trust Of Financial Marekt.
Trading Products
The Financial Instruments That Can Be Traded On The Trade245 Platform Include:
- Forex Pairs : Offers Trading In Multiple Currency Pairs, Such As EUR/USD, USD/JPY, GBP/USD, Etc.
- Index : Provides CFDs Related To Stock Indices Such As S & P 500, Dow Jones Industrial Average, Etc.
- Commodities : Provides CFDs Related To Commodities Such As Gold, Crude Oil, Etc.
- Stocks : Provides CFDs Related To Specific Stocks Such As Apple, Microsoft, Etc.
Trade245 Has A Relatively Small Variety Of Trading Instruments Compared To Many Other Brokers.
Trading Software
Trade245 Offers Two Trading Platforms, MetaTrader4 (MT4) And MetaTrader5 (MT5), With Support For Windows, Mac OS, Linux, IOS And Android. Known For Their User-friendly Interface, Advanced Charting Tools And Various Technical Analysis Indicators, The Two Platforms Provide Traders With A Comprehensive Trading Experience. However, It Should Be Noted That Trade245's High Leverage (e.g. 1:500) Increases Trading Risk.
Deposit And Withdrawal Methods
Trade245 Offers A Variety Of Deposit And Withdrawal Methods, Including:
- Visa And MasterCard : These Two Credit Cards Are The Main Payment Methods Of Trade245.
- MPESA : A Mobile Payment Service Popular In East Africa.
- Ozow : An Online Payment Platform Popular In South Africa.
- Skrill : An Internationally Renowned E-wallet Service.
- Cryptocurrency : Trade245 Supports Deposits And Withdrawals For Multiple Cryptocurrencies.
It Is Important To Note That Trade245 Does Not Charge Any Fees For Deposits And Withdrawals, But Some Payment Methods May Charge Third-party Fees.
Customer Support
Trade245 Provides 24/5 Customer Support Services, Including Phone And Email. Customers Can Obtain Support Contact Details Through Their Official Website And Contact Them Through Social Platforms Such As Facebook And Instagram. However, Due To Its Regulatory Issues, Customers May Experience Withdrawal Difficulties Or Other Issues.
Core Business & Services
Trade245 Offers Multiple Account Types, Including Standard Account, No Interest Account, Zero Spread Account, 245% Bonus Account, Bonus Protected Account, Micro Account, And Copy Trading Account. These Account Types Offer Different Leverage, Spreads, And Bonuses For Different Trading Preferences And Strategies.
Technical Infrastructure
Trade245 Uses Two Trading Platforms, MetaTrader4 (MT4) And MetaTrader5 (MT5), Which Are Known For Their Fast Execution Speed And Reliable Order Execution. However, Due To Their High Leverage And Spread Structure, Traders May Have To Pay Higher Trading Costs.
Compliance And Risk Control System
Although Trade245 Claims To Be Authorised And Regulated By The Financial Sector Regulatory Authority Of South Africa (FSCA), Its License Was Found To Be A Clone. Therefore, Trading With Trade245 May Involve Higher Risks.
Market Positioning And Competitive Advantage
Trade245 Is Positioned As A Forex And CFD Broker Offering A Wide Range Of Trading Tools And Account Types. Its Competitive Advantages Include:
- Offering A Wide Range Of Trading Tools.
- Offering A Wide Range Of Account Types.
- No Commissions.
- No Minimum Deposit Requirement.
However, Due To Its Regulatory Issues And Lack Of Transparency, Trade245's Competitive Advantage May Not Be Enough To Attract Cautious Traders.
Customer Support & Empowerment
Trade245 Offers 24/5 Customer Support Services, Including Phone And Email. Its Website Also Features A Frequently Asked Questions (FAQ) Section To Help Clients With Common Questions. In Addition, Trade245 Offers A Number Of Educational Resources, Such As A Glossary Of Trading Terms And Trading-related Articles, To Help Traders Improve Their Trading Skills.
Social Responsibility And ESG
Trade245 Does Not Explicitly State Its Social Responsibility And ESG (environmental, Social And Corporate Governance) Policies On Its Official Website. Therefore, Its Contribution To Social Responsibility And ESG May Be Limited.
Strategic Cooperation Ecology
Trade245 Does Not Disclose Its Strategic Cooperation Ecology On Its Official Website. Therefore, Its Situation In Terms Of Strategic Partners May Be Limited.
Financial Health
Due To Regulatory Issues And Lack Of Transparency Of Trade245, Its Financial Health May Be Problematic. Therefore, Trading With Trade245 May Involve Higher Risks.
Future Roadmap
Trade245 Does Not Publish Its Future Roadmap On Its Official Website. Therefore, Its Future Situation In Terms Of Strategy And Development May Be Limited.
