Trade245 does offer a free demo trading account for beginner traders to train on. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses. Trade245 practices forex trading in a 100% risk-free environment.
Trade245 at a Glance
| 🔎 Broker's Name | Trade245 |
| 📍 Headquartered | Johannesburg, South Africa |
| 📅 Year Founded | 2020 |
| ⚖️ Regulating Authorities | FSCA |
| 🌐 Countries not accepted for trade | Not indicated |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $100 / R1683,52. |
| 💳 Deposit Options | · Visa/Mastercard · Skrill · MPesa · Ozow |
| 💳 Withdrawal Options | · Visa/Mastercard · Skrill · MPesa · Ozow |
| 💻 Platform Types | MetaTrader 4 and MetaTrader 5 |
| 📱 OS Compatibility | Windows, Mobile, Web, iPhone, iPad |
| 📈 Tradable assets offered | Forex, Indices, Stocks, Commodities and Cryptocurrencies |
| 👨💼 Languages supported on Website | English Only |
| 👥 Customer Support Languages | English Only |
| 📆 Customer Service Hours | 24/5 |
| 🚀 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 Demo account – 8 key points quick overview:
Trade245 at a Glance- Trade245 Demo account – 8 key points quick overview:
- How to set up a Trade245 Demo Account – Step by Step
- Trade245 Demo Account Features
- Trade245 Customer Reviews
- Trade245 Pros and Cons
- Conclusion
- Frequently Asked Questions
How to set up a Trade245 Demo Account – Step by Step
Yes, Trade245 offers a free demo trading account for beginner traders to train on. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses. Trade245 practices forex trading in a 100% risk-free environment.
In order to open a demo account, prospective traders must first register with the broker. The registration process is fairly straightforward, consisting of the following steps:
Step 1 – Open Your Account
- 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
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 Demo Account Features
The demo account from Trade245 will allow traders to practice using the MetaTrader 4 platform, which has the following trading features:
Traders can analyze financial markets, perform advanced trading operations, run trading robots (Expert Advisors), and copy deals of other traders.
Three trade execution modes, including Instant Execution, as well as 2 market, 4 pending and 2 stop orders, and a trailing stop function.
Quick trading functions allow sending trading orders straight from the chart with one click.
The built-in tick chart feature provides an accurate method for determining entry and exit points.
9 timeframes, allowing traders to see the price dynamics in detail
30 built-in technical indicators and 24 graphic objects are available for the most comprehensive analysis of price dynamics
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 Pros and Cons
| ✔️ Pros | ❌ Cons |
| The demo account provides full access to MetaTrader 4 | |
| Multiple demo accounts can be opened | |
Conclusion
Overall, Trade245 does offer a free demo trading account for beginner traders to train on. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses. Trade245 practices forex trading in a 100% risk-free environment.
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Frequently Asked Questions
Can traders from South Africa open a Trade245 demo account?
Trade245 operates in South African markets, and one can easily open an account if one choose to trade with Moneta.
For how long is the demo account valid?
The demo account does not appear to expire.
Is Trade245 a good option for beginner traders?
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.
Is the Trade245 demo account rigged?
Trade245 demo accounts are not rigged
Is the Trade245 demo account the same as a real account?
Demo accounts are free to operate for an unlimited amount of time.
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