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trade245 , ForexClub Broker Comparison
Do you want to know which is the better broker between trade245 and ForexClub ?
In the table below, you can compare the features of trade245 , ForexClub side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
2 / 3 forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Swap
Swap Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
2.02
Unverified
Under guarantee
--
5-10 years
FSCA,FSCA
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Micro,Micro bonus 100,Micro bonus 300,VIP,Bonus 100,No Bonus,Bonus 300,Zero Stop-Out
--
R100
1:500
From 2
30.00
Variable
0.01
--
4.89
Regulated
Under guarantee
15-20 years
NBRB
--
AA
AA
331.9
172
172
187
640
640
594
AA
--
--
--
AAA
--
16.54 USD/Lot
A
Long: -6.18
Short: 1.19
Long: -55.47
Short: 25.1
B
0.5
3.5
Standard ,ECN
Precious metals, commodities, stocks, indices, CFDs, etc.
100 USD
1:1000
from 1.6
30.00
--
0.01
--
trade245 、 ForexClub BrokerRelated News
trade245 、 ForexClub BrokerRelevant Exposures
Which broker is more reliable?
To evaluate a broker's reliability and trustworthiness, consider the following four factors:
1.Forex broker introduction。
2.Do trade245 and forexclub have lower transaction costs?
3.Which broker is safer?
4.Which broker offers the best trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
trade245
| Trade245 Review Summary | |
| Founded | 2020 |
| Registered Country/Region | South Africa |
| Regulation | FSCA (Unverified) |
| Market Instruments | Forex, indices, stocks, commodities, CFDs |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | From 0.0 pip |
| Trading Platform | MT4, MT5 |
| Minimum Deposit | $0 |
| Customer Support | Tel: +27(0) 87 828 8245 |
| Email: support@trade245.com | |
| Social Media: Instagram, Facebook | |
| Address: Wetton Works, 14 Mercury Crescent, Wetton,Cape Town, South Africa, 7780 | |
| Address: Menlyn Square, Building B, 1st Floor, 132 Aramist Ave, Menlyn, Pretoria, South Africa, 0063 | |
Founded in 2020, Trade245 was registered in South Africa. Its market instruments include forex, indices, stocks, commodities, and CFDs. Customers can use MT4 or MT5 to trade, with seven account types available, whose leverage is 1:500, with no minimum opening deposit requirement. However, investors still need to be cautious, since Trade245's license is unverified.
Pros and Cons
| Pros | Cons |
| Various trading products | Unverified status |
| Seven account types | No demo account |
| MT4, MT5 support | |
| No minimum deposit requirement | |
| Multi-lingual support |
Is Trade245 Legit?
| Regulated Authority | Financial Sector Conduct Authority (FSCA) |
| Current Status | Unverified |
| Regulated Country | South Africa |
| Regulated Entity | Red Pine Capital (PTY) LTD |
| License Type | Financial Service Corporate |
| License No. | 46044 |
What Can I Trade on Trade245?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Commodities | ✔ |
| CFDs | ✔ |
| Bonds | ❌ |
| Cryptocurrencies | ❌ |
| ETFs | ❌ |
Account Type
| Account Type | Leverage | Spread | Platform |
| Bonus 100 | 1:500 | From 1 pip | MT4 |
| No Bonus | 1:500 | From 1 pip | MT4 |
| Swap Free | 1:500 | From 1 pip | MT4 |
| Zero Spread | 1:500 | From 0 pip | MT4 |
| Bonus 245 | 1:500 | From 1 pip | MT4 |
| Bonus Rescue | 1:500 | From 1 pip | MT4 |
| Micro | 1:500 | From 1 pip | MT4 & MT5 |
Leverage
For all account types, the leverage is 1:500. The use of leverage can both maximize profits and also increase losses. Therefore, customers still need to consider carefully before investing.
Trade245 Fees
| Account | Spread | Bonus |
| Bonus 100 | From 1 pip | Included (100%) |
| No Bonus | From 1 pip | Excluded |
| Swap Free | From 1 pip | Excluded |
| Zero Spread | From 0 pip | Excluded |
| Bonus 245 | From 1 pip | Included (245%) |
| Bonus Rescue | From 1 pip | Included (25%} Drawdown) |
| Micro | From 1 pip | Excluded |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | PC, web, mobile | Beginners |
| MT5 | ✔ | PC, web, mobile | Experienced traders |
Deposit and Withdrawal
Investors can deposit and withdraw via VISA, Mastercard, PESA, OZOW, Skrill, Global cryptocurrency.
forexclub
| Forex ClubReview Summary | |
| Registered On | 2024-07-18 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Regulated |
| Market Instruments | Forex, Indices, Precious Metals, Energies |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0.0 pips |
| Trading Platform | MT4, MT5 |
| Min Deposit | $100 |
| Customer Support | cs@help.forexclub.org |
| Live Chat | |
Forex Club Information
Founded in 1997, Forex Club serves over 3 million users in more than 120 countries. It offers diversified trading in forex, precious metals, etc., with spreads as low as 0.1 points and leverage up to 1:1000. Supporting MT4/5 and copy trading, it currently provides a maximum cashback of $5 per lot for trading gold, crude oil, and other products.
Pros and Cons
| Pros | Cons |
| Regulated | No Islamic account |
| Multiple trading instruments | High leverage risk (1:1000) |
| MetaTrader 4/5 available | The campaigns restrictions (limited to specific instruments) |
| Copy Trading available | |
| $5 campaign cashback | |
| Zero commission (Standard Account) |
Is Forex Club Legit?
The National Bank of the Republic of Belarus regulates Forex Club with the license number 192580558, indicating relatively high security.
What Can I Trade on Forex Club?
| Tradable Instruments | Supported |
| Forex | ✔ |
| EnergiesCommodities | ✔ |
| Indices | ✔ |
| Precious Metals | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
| Account Type | Standard | ECN |
| Supported Platforms: | MT4 | MT4 |
| Spread: | From1.6 pips | From 0.0 pips |
| Commissions: | No commissions | 6 |
| Account Currency: | US Dollar | US Dollar |
| Minimum Deposit: | 100 USD | 100 USD |
| Minimum Trade Size: | 0.01 lot | 0.01 lot |
| Liquidation Ratio: | 30% | 30% |
| Max leverage.: | 1:1000 | 1:1000 |
| Tradable Products: | Precious Metals, Commodities, Stocks, Indices, CFDs, etc. | Precious Metals, Commodities, Stocks, Indices, CFDs, etc. |
| EA Trading: | Support | Support |
Forex Club Fees
The standard account has zero commission and only charges a spread starting from 1.6 pips, while the ECN account has a spread as low as 0.0 pips but requires a $6 commission.
Leverage
| Product | Leverage |
| Forex/Indices | 1:1000 |
| Precious Metals | 1:500 |
| Energies | 1:400 |
Trading Platform
Forex Club provides the mainstream trading platforms MT4 and MT5, supporting multiple versions including Windows, iOS, Android, Mac, and WebTrader.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, iOS, Andorid, Mac, WebTrader | Beginners |
| MT5 | ✔ | Windows, iOS, Andorid, Mac, WebTrader | Experienced Traders |
Deposit and Withdrawal
The minimum deposit for Forex Club is $100. More detailed information on deposits and withdrawals has not been disclosed.
Copy Trading
Traders can directly copy the trading strategies of “signal sources” in the community, which is suitable for users who lack trading experience or hope for passive investment.
Bonus
From May 1 to June 30, 2025, traders can get a maximum cashback of $5 per lot for trading products such as gold and crude oil. Both new and existing customers are eligible to participate.
Do trade245 and forexclub have lower transaction costs?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive trade245 and forexclub are, we first considered common fees for standard accounts. On trade245, the average spread for the EUR/USD currency pair is From 2 pips, while on forexclub the spread is from 1.6.
Which broker between trade245, forexclub is safer?
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
trade245 is regulated by FSCA,FSCA. forexclub is regulated by NBRB.
Which broker between trade245, forexclub provides better trading platform?
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
trade245 provides the Micro,Micro bonus 100,Micro bonus 300,VIP,Bonus 100,No Bonus,Bonus 300,Zero Stop-Out platform with products like --; forexclub offers the Standard ,ECN platform featuring assets including Precious metals, commodities, stocks, indices, CFDs, etc..
