BrokersView
Search
Download
English
Sign In

Trade245

Save

Operating status: SCAM

Website: https://www.trade245.com/

Broker violations and abnormal records
  • 2021-07-11 BrokersView Has Reviewed that Trade245 May Be a Cloned Firm
    Trade245 claims that it is a product of Red Pine Capital (PTY) LTD, an authorized financial services provider licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. The alleged parent company of Trade245 is indeed licensed in South Africa. However, there's another company based in South Africa -ZumaMarkets that is also using Red Pine's license details. The FSCA registry does not feature any trading names, nor approved domains, so there's no way to ascertain whether ZumaMarkets is indeed legit. Futhermore, Red Pine (PTY) Ltd has not responsed to confirm them yet. Both ZumaMarket and Trade245 may be cloned firms who illegally use the details of regulated firms with which they aren't related in any way.
    Trade245 claims that it is a product of Red Pine Capital (PTY) LTD, an authorized financial services provider licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. The alleged parent company of Trade245 is indeed licensed in South Africa. However, there's another company based in South Africa -ZumaMarkets that is also using Red Pine's license details. The FSCA registry does not feature any trading names, nor approved domains, so there's no way to ascertain whether ZumaMarkets is indeed legit. Futhermore, Red Pine (PTY) Ltd has not responsed to confirm them yet. Both ZumaMarket and Trade245 may be cloned firms who illegally use the details of regulated firms with which they aren't related in any way.

Related Complaints

Q&A Complaints

What is your professional rating on Trade245? Would you say it's a trustworthy broker?

Carlosna
Spain
2021-12-15
ANSWER Trade245 is not legit and should be avoid at all events. Trade245 claims that it is a product of Red Pine Capital (PTY) LTD, an authorized financial services provider licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. The alleged parent company of Trade245 is indeed licensed in South Africa. However, there's another company based in South Africa -ZumaMarkets that is also using Red Pine's license details. The FSCA registry does not feature any trading names, nor approved domains, so there's no way to ascertain whether they are indeed legit. Futhermore, Red Pine (PTY) Ltd has not responsed to confirm them yet. Both ZumaMarket and Trade245 may be cloned firms who illegally use the details of regulated firms with which they aren't related in any way. We would recommend you to stay away from Trade245 and any other unregulated brokerages, since they are not subject to necessary laws and principles of operation, resulting in a high risk to trade with them.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.