Trade245.com Review
1 •
1 REVIEWS
Red Pine Capital (Pty) Ltd
Trade245 is a forex broker. Trade 245 offers the MT4 and MT5 forex trading top platform. Trade245.com offers over 25 forex currency pairs, cfds, commodities, stocks and indices for your personal investment and trading options.
Trade245.com is part of Red Pine Capital (Pty) Ltd group. Known members of this group include ZumaMarkets.com, ProvidentTrade.com.
Broker Details
| Minimum Trade Size: | 0.01 |
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| Maximum Leverage: | 500:1 |
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| Minimum to Open Live: | $95 |
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| Established: | 2020 |
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| Address: | Atrium on 5th, Floor 9, 5th Street Johannesburg, 2196, South Africa |
| Contact: | support@trade245.com, +27(0) 87 828 8245 |
| Regional offices: | |
| Regulators: | FSA-S #SD006, FSCA #46044 |
| Prohibited countries: |
| Trading platforms: | MT4, MT5 |
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| Web Trading: | ✅ Yes |
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| Mobile Trading: | ✅ Yes |
| Currencies: | (30+) |
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| Cryptocurrencies: | |
| CFD: | (35+) Stocks, Stock Indexes, Other Commodities |
Trading Conditions |
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| EAs/Robots: | ✅ Yes |
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| Deposit Methods: | VISA, MasterCard, Bitcoin, Ether/Ethereum, Litecoin, M-Pesa, Neteller, Other Crypto Currencies, Skrill, Tether (USDT) |
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| Withdrawal Methods: | VISA, MasterCard, Bitcoin, Ether/Ethereum, Litecoin, M-Pesa, Neteller, Other Crypto Currencies, Skrill, Tether (USDT) |
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1 •
1 REVIEWS
Recent User Reviews of Trade245.com
MrGekko
Hungary, Hungary,
Apr 25, 2023,
Registered user
The company withheld the profits for no reason.
Service use: Live
Length of use: 0-3 Months
I have been trading with them for a month. I have made one very small withdrawal first without any issue. After requesting a withdrawal of 1000 USD I got this email:
"Good Day Client
We hope you are doing well.
Trade245 is a product of RED PINE CAPITAL (PTY)LTD, an authorised FSP with number 46044 and, unfortunately, we do not accept Hungarian clients to trade on our platform.
We understand that our decision may disappoint you but please note that we reserve the right to not accept certain clients upon our sole discretion.
Please be advised that your deposit is in the process of being paid out and all profits will be withheld.
We rely on your understanding on the matter.
Best Regards
Trade245"
They have the right to close my account, I am okay with that, but withhelding the profit is completely not acceptable.
After the first withdrawal they had no problem with my nationality, but once I made nice profit, they have just decided to keep it. I have never been is a situation like this. If you have any advice, please let me know.
Full conversation:
1st email: https://prnt.sc/8dTy_QBF84Mt
2nd email:https://prnt.sc/o1geBL2_sO6B
"Good Day Client
We hope you are doing well.
Trade245 is a product of RED PINE CAPITAL (PTY)LTD, an authorised FSP with number 46044 and, unfortunately, we do not accept Hungarian clients to trade on our platform.
We understand that our decision may disappoint you but please note that we reserve the right to not accept certain clients upon our sole discretion.
Please be advised that your deposit is in the process of being paid out and all profits will be withheld.
We rely on your understanding on the matter.
Best Regards
Trade245"
They have the right to close my account, I am okay with that, but withhelding the profit is completely not acceptable.
After the first withdrawal they had no problem with my nationality, but once I made nice profit, they have just decided to keep it. I have never been is a situation like this. If you have any advice, please let me know.
Full conversation:
1st email: https://prnt.sc/8dTy_QBF84Mt
2nd email:https://prnt.sc/o1geBL2_sO6B