trade245 Review: Is Your Deposit Safe?

Traders who deposited money with trade245 have been reporting the same problem for years: they can fund their accounts without friction, but getting money back is a different story. Multiple users across several countries say their withdrawal requests were rejected, their accounts were deactivated after they turned a profit, and customer support went silent once a payout was requested. The platform lists FSCA licences, but no regulatory information was found for these registrations, and trade245 appeared on an Indonesian regulatory blacklist in 2022 for illegal commodity futures trading. This article walks through what the complaints actually say, what the regulatory picture looks like, and what traders should verify before committing funds.

فہرست

01

Complaint Pattern: Withdrawals Blocked, Accounts Deactivated

02

Regulatory Warnings: Unverified Licences and a Blacklist Entry

03

Basic Information

04

Score and Market Standing

05

Final Thoughts

Complaint Pattern: Withdrawals Blocked, Accounts Deactivated

The complaints lodged against trade245 on WikiFX follow a consistent pattern. Traders deposit funds without issue, but when they attempt to withdraw , whether the balance comes from deposits or trading profits , the process hits a wall.

A user from Nepal reported in September 2025 that trade245 rejected every withdrawal request on an account holding over USD 15,000. According to the complaint, the broker claimed insufficient trading activity as the reason, even though the user had traded 11 lots in less than a week. The user said the broker continued pushing for more trading volume rather than processing the withdrawal. After requesting account termination and a return of funds to the original deposit card, the user received no response.

Screenshot submitted by the user with the complaint (2025-09)

Another trader from India described a nearly identical experience in September 2025. After depositing funds, the user submitted documents as requested, only to find that communication stopped the moment a withdrawal was asked for. The complaint states that more than ten days passed without any payout, despite daily assurances from the broker that funds would arrive by the end of the day.

Screenshot submitted by the user with the complaint (2025-09)

Account deactivation is another recurring theme. An Indian trader reported in August 2025 that after trading since April without making any withdrawal and compounding profits through a hedge strategy , which the user described as widely permitted by brokers , trade245 sent an email stating the profile had been deactivated and the trading account disabled. The complaint characterises this as an effective confiscation of accumulated funds.

Screenshot submitted by the user with the complaint (2025-08)

Older complaints suggest these are not isolated incidents. A South African user reported in October 2023 that a deposit of R42,000 had grown to more than R400,000 in profit, but the broker refused to release the funds. Complaints stretching back to 2021 describe similar experiences: withdrawals rejected multiple times without explanation, accounts locked, and in one case from Nigeria, an account deactivation notice sent after the user had been trading and compounding profits.

Not every review is negative. A small number of users have posted positive feedback, with one Indian trader noting in September 2025 that trade245 staff called to resolve a pricing issue with a reasonable solution, and a Turkish user praising the platform and support in mid-2024. However, these positive accounts are outweighed by the volume and consistency of withdrawal-related complaints.

Regulatory Warnings: Unverified Licences and a Blacklist Entry

Trade245 operates under Trade245 (Pty) Ltd, a company registered in South Africa. The broker cites licences from South Africa's Financial Sector Conduct Authority (FSCA), but no regulatory information was found for these registrations:

• Licence number 46044, listed under Red Pine Capital (PTY) LTD as a Derivatives Trading Licence.
• Licence number 52142, listed under ROCKETX (PTY) LTD, also a Derivatives Trading Licence.

No regulatory information was found through the FSCA, meaning there is no independent confirmation that either licence is currently active and in good standing. This is a significant gap for any trader evaluating whether their funds are protected under South African financial laws.

In addition, trade245 appeared on a regulatory blacklist published by Indonesia's Commodity Futures Trading Supervisory Agency (BAPPEBTI) in February 2022. The agency blocked over 1,200 websites involved in illegal commodity futures trading and gambling disguised as trading, and trade245 was among the domains listed. The BAPPEBTI announcement explicitly warned that unlicensed platforms cannot offer mediation or legal recourse for Indonesian customers in the event of a dispute.

Basic Information

Trade245 was founded in 2020 and is based in South Africa, with offices in Cape Town and Pretoria. The broker offers forex, indices, stocks, commodities, and CFDs through both MT4 and MT5 platforms. It advertises leverage of up to 1:500 across eight account types, with minimum deposits starting at R100 for most accounts and R5,000 for the VIP tier. The broker supports deposits and withdrawals via VISA, Mastercard, Skrill, and cryptocurrency, among other methods.

The platform's account lineup includes several bonus-structured options , Bonus 100, Bonus 300, and Bonus Rescue , that tie promotional credits to specific trading conditions. While bonuses can appear attractive, traders should read the associated terms carefully, especially any conditions linked to withdrawal eligibility.

Score and Market Standing

WikiFX assigns trade245 a score of 1.37 out of 10, placing it near the bottom of the scoring range. This score reflects the combination of unverified regulatory status, the BAPPEBTI blacklist entry, and the sustained pattern of unresolved withdrawal complaints extending over several years and across multiple countries , including South Africa, India, Nepal, Nigeria, Indonesia, and the Netherlands.

A low WikiFX score is not a verdict on its own, but it signals that the platform carries a higher degree of uncertainty than the typical regulated broker. The consistency of the complaint narrative , deposit accepted smoothly, withdrawal blocked , reinforces concerns that traders should approach this broker with heightened caution.

Final Thoughts

Trade245 has been operating since 2020 and presents a polished offering on the surface: MT4 and MT5, multiple account types, and low entry barriers. But the complaints gathered over more than four years, combined with unverified FSCA licences and a documented appearance on an Indonesian regulatory blacklist, make it difficult to recommend without serious reservations. The pattern described by users , deposits accepted, withdrawals obstructed or denied , has remained remarkably consistent, and the broker's regulatory standing has not materially improved since it first appeared on WikiFX.

If you are considering opening an account with trade245, verify the current status of its FSCA licences directly through the official FSCA register, and test the withdrawal process with a small amount before committing larger sums. The WikiFX App provides real-time access to the broker's updated score, regulatory alerts, and new complaints as they are filed, giving you the latest picture before you decide whether to deposit.