All Share (J203) = 89 340
Rand / Dollar = 18.22
Rand / Pound = 23.57
Rand / Euro = 19.66
Gold (usd/oz) = 3 052.24
Platinum (usd/oz) = 972.99
Brent (usd/barrel) = 72.98
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

Trade245 Account Types

Trade245 - Account Types

 

Trade245 Account types offer an impressive selection of tailored account types, which currently include Bonus 100, No Bonus, Swap Free, Zero Spread, Cent, and Weekend Trader Accounts. Both beginner and advanced traders will certainly appreciate the relatively low spreads

 

Trade245 at a Glance

 

🔎 Broker's NameTrade245
📍 HeadquarteredJohannesburg, South Africa
📅 Year Founded2020
⚖️ Regulating AuthoritiesFSCA
🌐 Countries not accepted for tradeNot indicated
☪️ Islamic account (swap-free)Yes
👍 Demo AccountYes
📊 Institutional AccountsNo
📊 Managed AccountsNo
📈 Maximum Leverage1:500
💰 Minimum Deposit $100 / R1683,52.
💳 Deposit Options· Visa/Mastercard
· Skrill

· MPesa

· Ozow
💳 Withdrawal Options· Visa/Mastercard
· Skrill

· MPesa

· Ozow
💻 Platform TypesMetaTrader 4 and MetaTrader 5
📱 OS CompatibilityWindows, Mobile, Web, iPhone, iPad
📈 Tradable assets offered Forex, Indices, Stocks, Commodities and Cryptocurrencies
👨‍💼 Languages supported on WebsiteEnglish Only
👥 Customer Support Languages English Only
📆 Customer Service Hours24/5
🚀 Open an Account👉 Open Account

 

Min Deposit

USD 100

Regulators

FSCA

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Trade245 Account types – 11 key points quick overview:

 

  1. ✔️Trade245 at a Glance
  2. ✔️Trade245 Account types – 11 key points quick overview:
  3. ✔️Trade245 Overview
  4. Trade245 Account Types
  5. Trade245 Account Features
  6. Trade245 Demo Account
  7. Trade245 Islamic Account
  8. Trade245 Customer Reviews
  9. Pros and Cons
  10. Conclusion
  11. Frequently Asked Questions

 

Trade245 Overview

 

Trade245 Overview

 

Trade245  provides 7 different account types e.g., Bonus 100, Bonus Rescue, No Bonus, Swap Free, Zero Spread, Cent, and Weekend Trader Accounts.

 

Based in South Africa, Trade245 is a fairly new online Forex broker launched in 2025 as a product of Red Pine Capital (PTY) LTD. The broker and its parent company are regulated by the Financial Sector Conduct Authority (FSCA) in South Africa.

 

Since its recent establishment, the broker has already experienced some impressive growth thanks to its strong offering which comes with a range of trade-enhancing services.

 

Using the broker’s advanced trading environment, traders can take advantage of tailored and customizable features to better meet their trading goals, particularly through the wide range of account types that serve a variety of different specific trading needs.

 

In the fast-paced world of Forex trading, traders can use the broker’s ultra-low latency networks to open and close positions at the best time.

 

Beginner traders can benefit from comprehensive training, free of charge, including a regular webinar series complemented by advanced trade analysis that will benefit both part-time beginner traders and advanced market investors.

 

Both beginner and advanced traders will certainly appreciate the relatively low spreads, commission-free accounts, and ultra-fast execution across an impressive selection of trading instruments including FX pairs, indices, stocks, cryptocurrencies, and commodities CFDs.

 

Traders are provided full access to the market-leading MetaTrader4 and MetaTrader 5 platforms, as such, MetaQuotes is considered to be the most popular online trading platform to access the global markets, aimed at giving you the control to help you trade with speed, security, and reliability.

 

Both the MetaTrader 4 platforms and their younger sibling are suitable for beginner or more advanced traders, which is one of the many reasons why they are considered today’s ultimate trading software platforms.

 

Trade245 Account Types

 

Trade245 Account Types

 

Trade245 offers an impressive selection of tailored account types, which currently include Bonus 100, Bonus Rescue, No Bonus, Swap Free, Zero Spread, Cent, and Weekend Trader Accounts.

 

However, interested traders should be aware that the available selection of accounts can be subject to continual change at the broker’s discretion, with some options, such as the Swap Free and Weekend Trader Account, only available for a limited time.

 

Trade245 Account Features

 

📍 Bonus 100 Account

➡️ Leverage: 1:500

➡️ Spread Types: Variable

➡️ Spreads: From 1 pip

➡️ Bonus: Included (100%)

➡️ Platform: MT4

 

Trade245 Account Features

 

📍 No Bonus Account

➡️ Leverage: 1:500

➡️ Spread Types: Variable

➡️ Spreads: From 1 pip

➡️ Bonus: Excluded

➡️ Platform: MT4

 

Trade245 Account Features

 

📍 Swap-Free Account

➡️ Leverage: 1:500

➡️ Spread Types: Variable

➡️ Spreads: From 1 pip

➡️ Bonus: Excluded

➡️ Platform: MT4

 

Trade245 Account Features

 

📍 Zero Spread Account

➡️ Leverage: 1:500

➡️ Spread Types: Variable

➡️ Spreads: From 0 pips

➡️ Bonus: Excluded

➡️ Platform: MT4

 

Trade245 Account Features

 

📍 Cent Account

➡️ Leverage: 1:500

➡️ Spread Types: Variable

➡️ Spreads: From 1 pip

➡️ Bonus: Excluded

➡️ Platform: MT4

 

Trade245 Account Features

 

📍 Weekend Traders Account

➡️ Leverage: 1:500

➡️ Spread Types: Variable

➡️ Spreads: From 1 pip

➡️ Bonus: Excluded

➡️ Platform: MT5

 

Trade245 Account Features

 

Trade245 Demo Account

 

Trade245 Demo Account

 

📍 Clients must first register with the broker to open a demo account. However, registration is a straightforward process that consists of the following steps:

➡️ Navigate to the registration portal on the broker’s website

➡️Provide your full name and surname

➡️ Create and confirm a password that you will use to access your demo account, and possibly your live account in future

➡️ Indicate your country of residence

➡️ Read and accept the broker data security protocols, and validate that you are above the age of 18

➡️ Click “Proceed” in order to finalize the registration process and set up your demo account

 

Trade245 Islamic Account

 

Traders who choose to open an Islamic account will have full access to the highly popular MetaTrader 4 platform, with the ability to trade Forex, Futures, Indices, Equities, and other CFD transactions.

 

MetaTrader 4 is a feature-rich and flexible piece of trading software that will suit traders of all experience levels. Beginners will enjoy its user-friendly interface, while advanced traders will appreciate the charting features, technical analysis tools, and automated trading capabilities.

 

It is easy and straightforward to open an Islamic account with Trade245 and includes completing the client registration upon acceptance of this registration, they can then elect to open an Islamic Account.

 

Unfortunately, the Islamic Account is only available for a limited period from the broker.

 

Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law.

 

With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide.

 

Essentially, an Islamic forex trading account charges no swap or rollover interest on positions held overnight in the forex market. An administration fee is, however, charged on some accounts to open positions.

 

Min Deposit

USD 100

Regulators

FSCA

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Trade245 Customer Reviews

 

What I like about them as soon as you…

What I like about them is as soon as you make a withdrawal you get your money as it is no story keep up the good work guys

Trade245 Account Types

Trade245 Customer Care

 

Pros and Cons

 

✔️ Pros❌ Cons
High leverageIslamic Account only available for a limited period
MetaTrader suite availableNot the tightest spreads on the market
No minimum deposit
Spread free accounts available

 

Conclusion

 

Overall, Trade245 offers an impressive selection of tailored account types, which currently include Bonus 100, Bonus Rescue, No Bonus, Swap Free, Zero Spread, Cent, and Weekend Trader Accounts. Both beginner and advanced traders will certainly appreciate the relatively low spreads

 

You might also like: Trade245 Review

You might also like: Trade245 Demo Account

You might also like: Trade245 Fees and Spreads

You might also like: Trade245 Islamic Account Overview

You might also like: Trade245 Minimum Deposit

You might also like: Trade245 Sign-up Bonus

 

Frequently Asked Questions

 

Does Trade245 offer leverage?

Yes, the broker offers variable leverage with a maximum ratio of 1:500 for all account types.

 

Which platforms are supported by Trade245?

MetaTrader 4 and MetaTrader 5.

 

Are there any apps available for a Trade245 trading account?

Trade 245 app is available only on the App Store for iPhone and MetaTrader 4 and MetaTrader 5.

 

Does Trade245 have ZAR accounts?

Yes.Trade245 does  have a ZAR Account Currency

 

What is the overall rating out of 10 for Trade245?

8/10.

 

5/5 - (1 vote)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

March 10, 2023

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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