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    Trade245 Spreads, leverage, minimum deposit Revealed

    Abstract:Trade245 is a product of Red Pine Capital (PTY) LTD, Johannesburg, South Africa, with company number 2014/220311/07 an authorized financial services provider, licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, with FSP No. 46044. Trade245 (Red Pine Capital (Pty)Ltd) acts as intermediary between the investor and Market Financials Limited, the counterparty to the contract for difference purchased by the Investor via Trade245, authorised and regulated by the Financial Services Authority of Seychelles with Security Dealer License no. SD006. All payments via Skrill and Neteller are processed for Red Pine Capital (Pty) Ltd.

      General Information & Regulation

      Trade245 is a product of Red Pine Capital (PTY) LTD, Johannesburg, South Africa, with company number 2014/220311/07 an authorized financial services provider, licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, with FSP No. 46044. Trade245 (Red Pine Capital (Pty)Ltd) acts as intermediary between the investor and Market Financials Limited, the counterparty to the contract for difference purchased by the Investor via Trade245, authorised and regulated by the Financial Services Authority of Seychelles with Security Dealer License no. SD006. All payments via Skrill and Neteller are processed for Red Pine Capital (Pty) Ltd.

      Market Instruments

      Tradable financial instruments available on the Trade245 platform including forex curreny pairs, commodities, indices, stocks. Actually, many other brokers could even offers richer instruments, like metals, cryptos, and options, etc.

      Minimum Deposit

      In terms of minimum initial deposit, the requirement is $100. Although this seems reasonable and proper amount, given the fact that this broker is an unregulated one, traders should stay away from it, anyway.

      Leverage

      In terms of trading leverage available on the Trade245 platform, Trade245 offers up to 1:500 in leverage. Since leverage can amplify gains as well as losses. Please be warned that trading with levels that high is risky.

      Spreads & Commissions

      Trade245 offers variable spreads. Clients of Trade245 are allegedly offered spreads starting from 1 pip on majors. However, this information cannot be verified through the MT4 demo account. Besides, commissions are charged on certain account types at $10 per lot.

      Trading Platform Available

      Trade245 says to support both the MetaTrader4 and MetaTrader5. However, you can only download a MT4 from but Trade245s website, and you cannot test it in demo environment.

      Deposit & Withdrawal

      With regard to payment methods available, Trade245 advertises working with bank wire, cards, Skrill, as well as Bitcoin.

      Crypto network fees:

      BTC – Deposit 0.00025; Withdrawal 0.0005

      ETH – Deposit 0.005; Withdrawal 0.0085

      USDT – Deposit 15; Withdrawal 15

      XRP – Deposit 0.02; Withdrawal 0.02

      BCH – Deposit 0.001; Withdrawal 0.001

      LTC – Deposit 0.001; Withdrawal 0.001

      Customer Service

      The Trade245 customer service support can be reached through email (support@trade245.com), telephone (+27(0) 87828 8245). Unfortunately, live chat is not available.

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    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
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    Amount
    United States Dollar
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    -- United States Dollar
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