Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Trade245 Pros & Cons
- Works under the license of a reputable financial regulator.
- Availability of training and cent accounts.
- Narrow floating spreads are on par with its competitors.
- Protection against a negative balance on all types of accounts.
- High leverage on all financial instruments.
- Provision of MT4 and MT5 trading terminals.
- Free education webinars and articles on the website.
- The minimum deposit amount is $100, including cent accounts specifically for beginners.
- No online chat for quick communication with technical support.
- Deposit bonuses are awarded only for one account type.
Trade245 is a brokerage company that was founded in 2020. It operates under a license granted by the FSCA, the most reputable regulator in South Africa. The set of assets available for trading includes Forex and CFDs for various classes such as stocks, metals, commodities, cryptocurrencies, and stock indices. Trade245 provides the MetaTrader 4 and 5 platforms, leverage of 1:500, and accounts for various trading needs. The company stores client deposits in segregated bank accounts, transfers liquidity from Tier 1 suppliers, and executes orders moderately fast.
TU Expert Verdict
Trade245 carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
Top-5 Brokers Traders Prefer
Trade245 User Reviews
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of Trade245 have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Trade245 with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Trade245’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Trade245 Standard spreads Trade245 OANDA FOREX.com EUR/USD min, pips 0.1 0.1 0.7 EUR/USD max, pips 0.5 0.5 1.2 GPB/USD min, pips 0.1 0.1 0.9 GPB/USD max, pips 0.5 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Trade245 RAW/ECN spreads Trade245 OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.15 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Trade245. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Trade245 Non-Trading Fees Trade245 OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is Trade245 Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria7 /10Trade245 has a safety score of 7/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 10 years
- Not tier-1 regulated
Trade245 Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level FSCA SA
Full Name Financial Sector Conduct Authority of South Africa Country of regulation South Africa Investor Protection Fund No specific fund Regulation Level Tier-2 The Financial Commission
Full Name The Financial Commission Country of regulation International Investor Protection Fund Up to €20,000 Regulation Level Tier-3 Trade245 Security Factors Foundation date 2016 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4 /10Trade245 offers the following account options: Demo, Standard, ECN/Raw spread, Cent, Micro, Swap Free.
Trade245 covers the core account types, making it convenient for traders with different preferences and strategies.
- Tight spread ECN account
- Cent account for beginners
- Demo account
- No VIP account option
Trade245 account types vs top competitors Trade245 Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent YesNoNoMicro YesNoNoSwap Free YesNoNoVIP NoNoNoManaged NoNoNoTrade245 accounts trading conditions
Trade245 offers a choice of six types of accounts. All have variable spreads and allow trading with leverage up to 1:500. Trade245 clients can have an unlimited number of accounts.
Account types:
Account Type Description Cent Is an account for trading micro lots in the MT4 terminal. VIX 75 Is a 24/7 account for transactions, available on the MT5 platform. Zero Spread Is an MT4 account for experienced traders with near-zero spreads and a commission per lot of $10. Bonus 100 Is a standard MT4 account where a deposit bonus is available. No Bonus Is an account with the same Bonus 100 trading conditions but without accrual of bonus funds. Swap-Free Is a trading account for free next-day swaps that can be opened in the MT4 terminal. The broker's clients can create an unlimited number of demo accounts on MT4 and MT5 platforms.
Trade245 has adapted the conditions of accounts for various groups of traders, which allows both beginners and professionals to trade Forex comfortably.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.7 /10Trade245 received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Trade245 provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bitcoin (BTC) accepted
- Bank wire transfers available
- Bank card deposits and withdrawals
- No deposit fee
- Limited deposit and withdrawal flexibility, leading to higher costs
- Wise not supported
- PayPal not supported
What are Trade245 deposit and withdrawal options?
Trade245 provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.
Trade245 Deposit and Withdrawal Methods vs Competitors Trade245 Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC YesNoNoWhat are Trade245 base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Trade245 supports the following base account currencies: USD, GBP, ZAR, USC.
What are Trade245's minimum deposit and withdrawal amounts?
The minimum deposit on Trade245 is $100, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Trade245’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria4.8 /10Trade245 offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 50 Forex pairs.
- Crypto trading
- Indices trading
- 50 supported currency pairs
- Limited asset selection
- No ETFs
Supported markets vs top competitors
We have compared the range of assets and markets supported by Trade245 with its competitors, making it easier for you to find the perfect fit.
Trade245 Trading.com Plus500 Currency pairs 50 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products Trade245 offers for beginner traders and investors who prefer not to engage in active trading.
Trade245 Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading NoNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Trade245 by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.9 /10We successfully registered an account with Trade245 in 12 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Trade245 is $100. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fast registration time (up to 15 minutes)
- Fully online account opening process
- Low minimum deposit requirement
- Account approval may require extra time depending on the documentation.
Trade245 account opening Trade245 Trading.com Plus500 Online Registration YesYesYesMinimum deposit $100 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 12 20 KYC time (days) 2 2 3 Is Trade245 available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
If you plan to start Forex trading through Trade245, then you need to create a user account. It is possible to open an account, pass verification and download a trading terminal from there. A quick guide to creating a user account:
Go to the main page of the Trade245 website. Scroll down a little and you will see the registration form. Enter your name and surname, email address, and select the country you live in. Also, come up with a password to protect your user account and enter it into the form. Confirm that you are over 18 years of age and click the "Register now" button.
Now you have an account with Trade245, but it still needs to be confirmed. The broker will send an email with a confirmation link right after you complete the registration form.
Find the email from Trade245 in the inbox. If the message is not received from the broker, check your "Spam" folder. If there is still no message, make sure that the mailbox is not overfilled and active.
After clicking on the link in the message, the system will redirect you to the main page of the Trade245 website. Click the "Login" button to log into your user account. Enter your email address and login password.
First steps after creating a Trade245 user account:
- Passing verification.
- Opening an account for Forex trading.
Buttons and features of your user account:
- Dashboard. This section is used to create new accounts, and view news and quotes.
- My Profile. Using this section, you can change or add personal and financial details, or link a bank account.
- My Wallet. This is a section for making payments, containing such functions as making deposits, transferring funds between open accounts, and submitting a withdrawal request.
- Trading accounts. This section shows trading statistics for open accounts.
- MetaTrader. This section contains installation files for MT4 and MT5 desktop terminals.
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Customer Support
Score:We evaluated Customer Support at Trade245 by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria2.3 /10Trade245 demonstrates a low level of customer support reliability. Contacting support can be difficult, and responses may be significantly delayed or incomplete.
During testing, managers were slow to respond or failed to provide sufficient assistance. Such a support level may create risks for traders who require timely issue resolution.
InformationTraders can ask their questions to the support service at any time, as operators work around the clock. However, this can be done only 5 days a week, from Monday to Friday.
- Representatives of the broker actively answer questions from users on Instagram
- Email responses are provided within 1-2 hours
- Saturday and Sunday are days off
- There is no online chat
- Few communication channels
This broker provides the following communication channels for its clients:
- phone call;
- email.
The brokerage company has profiles on Instagram and Facebook.
Contacts Foundation date 2016 Registration address Red Pine Capital (PTY) Ltd, St Andrews Office Park Block A, 39 Wordsworth Avenue, Senderwood, Gauteng, 2007, South Africa Official site https://www.trade245.com/ Contacts support@trade245.com
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FAQs
How competitive are Trade245’s forex commissions and non-trading fees?
Trade245’s overall fee level is described as low, with a commissions and fees score of 8/10. Standard accounts use floating spreads, with typical EUR/USD and GBP/USD spreads ranging from 0.1 to 0.5 pips, while RAW/ECN accounts have average spreads of about 0.1–0.15 pips plus a $3 commission per lot. Non-trading fees are limited, as there are no deposit, withdrawal, or inactivity fees specified for Trade245 in this section.
What types of trading accounts does Trade245 provide and how do they differ?
Trade245 offers six main account types, including Cent, VIX 75, Zero Spread, Bonus 100, No Bonus, and Swap-Free accounts, all with variable spreads and leverage up to 1:500. The Cent account is designed for micro-lot trading on MT4, Zero Spread has near-zero spreads with a $10 commission per lot, and Swap-Free accounts remove next-day swaps. The broker also allows an unlimited number of live and demo accounts on MT4 and MT5, and does not provide VIP or managed account options according to this section.
What do Trade245 user reviews and feedback indicate about overall satisfaction?
Trade245 has a user satisfaction score of 4/10 based on four reviews, with 50% rated 3 stars and 50% rated 1 star. This distribution suggests that overall impressions are mostly negative, with no 4- or 5-star ratings reported. According to user reviews, experiences appear mixed to unfavorable rather than strongly positive.
What deposit and withdrawal methods and conditions are mentioned in Trade245 reviews and feedback?
The deposit and withdrawal section notes that Trade245 supports bank cards, bank wire, Skrill, Neteller, BTC, USDT, and Ethereum, with no stated deposit or withdrawal fees. The minimum deposit is $100 and the minimum withdrawal is $10, though these may vary by account type and payment method. User-oriented comments in this section highlight that PayPal and Wise are not supported and that funding flexibility is described as limited, contributing to a medium score of 6.7/10 for this area.
What markets and instruments can be traded with Trade245, according to available feedback?
Trade245 is reported to offer 50 currency pairs along with access to stocks, commodity futures, cryptocurrencies, and stock indices, but not options. The review notes that the overall selection of trading assets is limited compared with the market average, and that there are no bonds, ETFs, copy trading, PAMM investing, or managed accounts. Based on available user reviews in this section, the product range may suit straightforward trading needs but is not positioned as a broad multi-asset or investment platform.
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