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Trade245 review: Broker transitions to new derivatives provider amid regulatory update

Trade245 review: Broker transitions to new derivatives provider amid regulatory update
Trade245 updates ODP, deadline Nov 30

​Online trading platform Trade245 (Pty) Ltd has announced a major operational shift, officially changing its Over-the-Counter Derivative Provider (ODP) to RocketX (Pty) Ltd effective November 1, 2025. The move, communicated through an official notice on Trade245’s website, marks a significant milestone in the company’s ongoing efforts to strengthen compliance and service reliability in South Africa’s evolving financial landscape.

Client action required by November 30

According to the company, all existing clients must accept the new Client Agreement by November 30, 2025, to continue trading under the new structure. Customers who fail to accept the updated terms by the deadline risk having their Trade245 accounts closed automatically. The transition, while procedural, highlights the regulatory obligations that online trading platforms face when partnering with licensed ODPs in line with South Africa’s Financial Sector Conduct Authority (FSCA) requirements.

Trade245’s continued commitment to traders

Trade245 has built a reputation as one of the region’s more accessible brokers, offering tight spreads, leverage up to 1:500, and a variety of trading instruments including forex, commodities, indices, and cryptocurrencies. The partnership with RocketX is expected to enhance operational efficiency and compliance oversight, ensuring traders continue to benefit from a secure, transparent, and competitive trading environment.

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While the company assured that client funds and trading history remain intact, traders are encouraged to review and sign the new agreement promptly to avoid service interruptions.

We also reported that TopFX expands trading suite with advanced cTrader platform.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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