Trade245 Review

About Trade245

Trade245 operates via the domain trade245.com. According to public records from the Financial Sector Conduct Authority (FSCA) of South Africa, Red Pine Capital (Pty) Ltd (FSP No. 46044) is an authorised financial services provider, and the Trade245 brand is associated with this entity. The company is authorised to provide intermediary services in derivatives and other instruments under South African regulation. No licenses from European regulators such as FCA or CySEC have been identified for this broker, nor entries in ASIC or NFA registers.

Based on the broker’s official resources, Trade245 offers trading on MetaTrader 4 and MetaTrader 5 platforms across multiple asset classes, including forex, commodities, indices, and CFDs. Available account types include Micro, Standard, ECN and Islamic (swap-free) accounts, with leverage of up to 1:500. The broker states it applies spreads starting from 0.0 pips on ECN accounts, while commission structure depends on the account type. Negative balance protection is mentioned as available. The broker allows hedging, scalping, and Expert Advisor usage.

Who it’s for

• Traders seeking FSCA-regulated access under Red Pine Capital (Pty) Ltd.
• Clients looking to trade on MT4 or MT5 platforms.
• Individuals interested in high-leverage accounts (up to 1:500).
• Muslim traders requiring swap-free/Islamic account options.

Pros and cons

Pros

• Authorised in South Africa by the FSCA (FSP No. 46044).
• Supports both MetaTrader 4 and MetaTrader 5 platforms.
• Multiple account types including swap-free options.
• Permits hedging, scalping, and use of Expert Advisors.

Cons

• Lacks authorisation from European regulators such as FCA or CySEC, and from ASIC or NFA.
• High leverage (up to 1:500) may present elevated risk to retail traders.