Traders Union Reviewed Trade245 Trading Company

By
May 26, 2023

Trade245, established in 2020 and regulated by South Africa’s FSCA, offers trading in Forex and CFDs, including stocks, metals, commodities, cryptocurrencies, and indices. It uses MetaTrader 4/5, provides 1:500 leverage, and ensures fast order execution.

Traders Union has thoroughly evaluated Trade245, offering traders crucial information for navigating the trading environment. This analysis empowers traders to make educated decisions.

Expert review of Trade245

Traders Union highlights Trade245 as a new South African brokerage firm catering to traders globally. It allows trading CFDs on currencies, indices, stocks, metals, and commodities with leverage. Trade245 equips clients with MetaTrader platforms suitable for active, algorithmic, and automated trading activities.

Regulated by the South African Financial Sector Conduct Authority (FSCA), Trade245 benefits from less stringent requirements regarding leverage and payment methods. This allows traders to access leverage up to 1:500 and utilize electronic wallets and cryptocurrencies for deposits and withdrawals. All account types come with negative balance protection, ensuring clients never lose more than their initial investment, even when trading with leverage.

Trade245 appeals to traders of varying experience levels by offering cent, standard, and professional accounts with zero spreads. The minimum initial deposit requirement is $100; subsequent deposits can be as low as $5 or 95 ZAR. For those interested in cryptocurrency transactions, deposits can be made from $60 in digital currency equivalents.

Analysis of the main features of the Forex broker

Traders Union evaluated Trade245 on several key performance indicators:

  • Overall score: 3.08 out of 10
  • Execution of orders: 2.87 out of 10
  • Investment instruments: 3.29 out of 10
  • Withdrawal speed: 2.93 out of 10
  • Customer Support work: 3.23 out of 10
  • Variety of instruments: 2.71 out of 10
  • Trading platform: 3.45 out of 10

These scores provide a comprehensive view of Trade245’s performance across essential service areas.

More about Trade245

Traders Union presents an overview of Trade245, a broker catering to novice and seasoned traders.

  • Trade245 partners with major liquidity providers, analytics, and news portals, ensuring clients can access optimal quotes and professional market analytics tools.
  • As a regulated broker, Trade245 guarantees the security of clients’ funds and personal and payment data.
  • Trade245 offers a broad spectrum of assets and trading accounts, accommodating various trading needs.

Trade245’s performance in numbers:

  • It services traders from over 130 countries.
  • It offers six different trading account types in addition to demo accounts.
  • It provides leverage up to 1:500 for all instrument types.
  • It offers over ten payment methods for fund deposits and withdrawals.

These features and statistics underline Trade245’s commitment to versatility and customer service, catering to various trader profiles.

Best alternatives to Trade245

TU suggests the following trusted alternatives to Trade245:

  • RoboForex: Known for its various trading platforms and instruments, competitive spreads, swift execution, and multiple account options. It’s suitable for both beginners and seasoned traders.
  • Pocket Option: Features an intuitive platform and effective mobile app, wide market access, educational materials, and responsive customer service. It’s ideal for traders prioritizing convenience and adaptability.
  • Tickmill: Perfect for traders focused on cost-effectiveness and performance, offering tight spreads, low commissions, quick trade execution, outstanding customer support, and extensive trading tools.

Additionally, TU experts have performed a comprehensive review of Infinox, accessible on its official website. This thorough analysis could be invaluable for those considering different brokers. Since 2009, Infinox, a Bahamian CFD and Forex broker, has offered trading services globally under multiple licenses. More can be found on the TU website.

Conclusion

In conclusion, Trade245 is a versatile broker offering diverse trading options to global clients. With competitive leverage, multiple trading accounts, and a broad asset range, it caters to traders of all experience levels. Regulated and secure, Trade245 is a reliable choice for those seeking a comprehensive trading experience. Visit the Traders Union’s official website for more information.