Trade245 Review 2025: Live & Demo Accounts, Withdrawals to Explore

Trade245	⭐
Regulations	Not Regulated
Tradable Assets	FX pairs, indices, stocks and commodities CFDs and more
Minimum Deposit	$100
Live Accounts	Bonus 100 account, the No Bonus account, the Swap Free account, the Zero Spread account, the Bonus 245 account, the Bonus Rescue account, the Micro account
Demo Account	Yes
Account Opening	Within 30 Minutes
Max. Leverage	500:1
Trading Platform	MT4, MT5
Bonus	Yes

About Trade345

Trade345, a young South African broker, has gained some regional popularity, but lacks an established reputation. Trade245 offers access to FX pairs, indices, stocks and commodities CFDs with operation on both MetaTrader 4 and MetaTrader 5. Although this broker only asks for a modest minimum deposit, it does not shine on trading costs. Besides, this broker heavily relies on bonuses to attract new investors and it does not provide trading signals.

✅Where Trade245 Shines

• Offer generous deposit bonuses
• Free demo account without limitations on amounts
• Both MetaTrader 4 and MetaTrader 5 supported
• Flexible leverage up to 500:1

❌Where Trade245 Falls Shorts

• Operating without any regulation
• Relatively average trading costs compared with other brokers
• No trading signals provided
• No 5/24 customer support
• Limited choices of customer support options

Is Trade 245 Legit?

Trade245 is the trading brand owned and operated by Trade (Pty) Ltd, a company registered in South Africa. However, a search of the FSCA registry yielded no results for the company.

Besides, Trade245 claims that it is a product of Red Pine Capital (PTY) LTD, a FSCA regulated entity. However, verification confirmed that this regulated entity has no affiliation with Trade245 at all. All this shows that Trade245, this dishonest broker, is posing as a legitimate one to mislead users.

Trade245 - Tracking Its Unethical Practice

• Trade245 was established in 2020 in Cape Town, South Africa, launched without any regulation, yet with the claim that it is a product of Red Pine Capital (PTY) LTD, a FSCA-regulated entity.
• Between 2022 to 2023, numerous brokers complainted that they had experienced withdrawal difficulties, account blocks, and manipulation with this broker.
• On March 2023, WikiFX confirmed Trade245's unregulated status and then listed this broker as such on its website.

Trade245 Accounts

Trade245 Minimum Deposit

The minimum deposit required to start real trading is $100 (equivalent to 1848.02 in South Africa Brand) , a relatively modest amount. Beginners consider less deposits featuring less risk, a perfect fit for them to start forex trading. However, on the other hand, it should be noted that a small deposit is not necessarily enough to practice sound risk management, which means beginners can lose all deposits if overtrading.

Broker Name	Trade245	Swissquote	IC Markets Global	FP Markets	Forex.com
Logo
Regulations	FSCA	FCA, MFSA, FINMA, DFSA	ASIC, CYSEC	ASIC, CYSEC	ASIC, FCA, CYSEC, FSA, NFA, MAS, CIRO
Minimum Deposit	$100 ( 1848.02 zar)	$1,000	$200	$100	$100

Trade245 Accounts

Trade245 offers a total of 7 live account options with operation on the MetaTrader platform (MT4, with one Micro account offering MT5), namely the Bonus 100 account, the No Bonus account, the Swap Free account, the Zero Spread account, the Bonus 245 account, the Bonus Rescue account, the Micro account. Across all accounts, leverage is consistently 1:500, and spreads are variable. The major difference lies in bonus offerings and spread structures. The “Bonus 100” account provides a 100% deposit bonus, while other standard accounts exclude bonuses. Specialized accounts like the “Swap Free” option is enclusively for those adhering to Islamic finance principles, and the “Zero Spread” account, which offers spreads from 0 pips. Additionally, the “Bonus 245” boosts the bonus to 245%, and the “Bonus Rescue” account provides a 100% drawdown bonus. Lastly, the “Micro” account offers standard trading conditions but with access to both MT4 and MT5 platforms, and no bonus.

Trade 245 Bonus

Trade245 uses deposit bonuses as a key feature to attract traders and increase their trading power, notably, ranging from a standard 100% deposit bonus to a higher 245% bonus. Besides, they also provide a “Bonus rescue” bonus, which is a 100% drawdown bonus. These promotional offers aim to provide traders with extra capital to increase their trading potential. However, it should be noted that the terms and conditions apply to each bonus offer.

How to open an account with Trade245?

Trade245 Login

Trade245 sign up or Trade245 login is quite simple, involving no complex work.

Step 1: Visit www.trade245.com, and click the “ Login” button on the center of Trade245 homepage.

Step 2: Click the “Register” option on the next page popping up. The following page will need you to select whether to open an individual or a company account. Generally, Trade245 attracts retail investors, with minimal interest from institutional investors.

To open an individual account, Trade245 needs you to provide some basic personal information, including your name, email address, country of residence, and then click the “Register Now” to continue.

Step 3: Trade245 will then send you a link to confirm your email address. Click the “Confirm Email” to proceed. After this step, your live account will be registered successfully.

Step 4: Then you can start to fund your live account to begin trading. Available payment methods include VISA, MasterCard, OZOW, Skrill, and Cryptos. The minimum deposit recommeded is $100, or the equivalent amount of other currencies.

Overall, signing up a Trade245 account is not complex, and I tested its account opening process on 6 March, 2025, and completed account sign-up within 10 minutes, without providing any verification documents. Therefore, Trade245 is considered a beginner-friendly trading platform, and easy account setup is probably the most attractive feature for retail traders.

Trade 245 Demo Accounts

Trade245 offers a free demo account for beginner traders to start risk-free practice. Notably, they impose no restrictions on the amount of demo accounts a client can open, and this flexibility extends to full use of its demo account. Typically, we suggest, and once again this is a suggestion, that you have completed your training, you spend 2-4 weeks on the demo account using the same trading platform you intend to use to feel this platform for better trading later.

Trade 245 Deposit and Withdrawal

Trade245 Deposit: Methods, Fees, and Processing Time

Trade245 supports deposits via Visa, MasterCard, Mopesa, Ozow, Skrill, and Cryptocurrency. Deposits do not involve any internal fees. Payment via the dashboard/portal allows for a minimum of $5 or R95.

Logo	Deposit Method	Supported Currency	Fees	Processing Time
	Visa	USD, EUR, ZAR	Free	Intant - 2 Business days
	MasterCard	USD, EUR, ZAR	Free	Intant - 2 Business days
	Mopesa	USD, EUR, ZAR	Free	Instant
	OZOW	USD, EUR, ZAR	Free	Instant
	Skrill	USD, EUR, ZAR	Free	Within one day
	Cryptocurrency	BTC	Free	within one hour

Trade245 Withdrawals

Trade245 only allows withdrawal via Bitcoin ATMs, with funds typically appearing within 24 hours. There are no withdrawal limits, but a $60 minimum applies, and users cover network fees.

Trade245's Bitcoin ATM-only withdrawal policy prioritizes transaction speed and minimizes regulatory scrutiny, bypassing slower, more regulated traditional banking. However, this approach introduces huge risks: irreversible Bitcoin transactions expose users to potential losses from errors or fraud, and cryptocurrency volatility can lead to value discrepancies during the withdrawal process.

User Reviews on Trade245 Withdrawal

Case 1: Unable to Withdrawal my half of a million

This Trade245 trader posted in 2023 that he made a large sum profit after funding this trader, but the broker refused to give his money. This seems like a typical scam: easy deposits followed by blocked withdrawals. Given Trade245's dealing desk model, where they profit from client losses, the trader's substantial gains likely created a direct financial loss for the broker, thus explaining their refusal to pay.

Case 2: TRADE245 IS A SCAM BROKER I LOST MY MONEY

Another Trade245 client who had been compounding profits since April 12th using a common hedging strategy, received an email stating their account was deactivated with no withdrawals permitted. This suggests that Trade245 may engage in questionable practices, disabling accounts to avoid paying out substantial profits to successful traders.

Case 3: THEY REJECTED MY WITHDRAWAL REQUEST MANY TIMES

The third Trade245 trader experienced repeated withdrawal rejections from this trading platform in March and April 2021, despite providing requested documentation and attempting alternative withdrawal methods as instructed. However, the broker denied the requests without explanation again and again, indicating potential issues with their withdrawal processes.