Trade245: Unmasking the Clone Scammer

Trade245 emerges as a troubling presence—a cloned entity accused of scamming unsuspecting investors. Despite its polished facade, discerning users have noticed alarming red flags. With promises of quick riches, Trade245 lures in prey, only to trap clients in a web of deceit. As we delve deeper, the truth behind this impersonator unfolds, revealing the need for vigilance in virtual investments. Let's navigate through the shadows and shed light on the dangers of Trade245.

Trade245: Deceptive Promises Masking a Potential Scam

Trade245, operating under the guise of a legitimate trading platform in Cape Town, South Africa, entices traders with grandiose claims. While they promise a secure and controlled trading experience, there are suspicions that this could be a scam. Their account balance protection and efficient withdrawal processing could be mere facades to lure unsuspecting investors. The purported "educational segment" might be a clever ploy to gain trust, while their upcoming weekend trading option raises concerns about potential synthetic manipulations. Traders are urged to exercise caution and thoroughly investigate Trade245's legitimacy before venturing into uncertain waters.

_{The website of Trade245}

Is Trade245 Regulated?

No, while Trade245 claims to be a product of Red Pine Capital (PTY) Ltd., an authorized financial services provider regulated by the FSCA in South Africa, the legitimacy of this claim remains in question. Another company, ZumaMarkets, also utilizes Red Pine's licence details without confirmation from Red Pine (PTY) Ltd. As the FSCA registry lacks trading names and approved domains, it is unclear whether ZumaMarkets and Trade245 are legitimate or merely clones misusing regulated firms' details.

No matching results in FSCA portal

Clientele Feedback:

Numerous clients express dissatisfaction with Trade245, citing withdrawal issues, blocked access, and a lack of transparency regarding restricted countries. Traders report experiencing losses due to trade malfunctions and difficulty reaching customer support. Additional concerns include high commissions and requoting during news events; withdrawal rejections and a lack of earnings fuel frustration and suspicion.

_{Clientele feedback}

Unraveling the Scam - Multiple Red Flags Raise Concerns

False Claims and Lack of Legitimacy: Trade245 asserts itself as a product of Red Pine Capital (PTY) LTD. However, the lack of trading names and approved domains in the FSCA registry leaves doubts about their legitimacy.

Unreliable and Poor Service:  Numerous users have experienced issues with Trade245, only to be met with ignored emails when seeking resolution.

Stolen Funds and Inaccurate Data: Allegations of stolen funds without proper investigation add to the growing skepticism towards Trade245. Furthermore, discrepancies between factual NASDAQ information on MT4 for Windows and fake data on MT4 for mobile raise questions about the platform's reliability and integrity.

Delayed Withdrawals and Lies: Multiple users report withdrawal delays, further solidifying Trade245's reputation as a dishonest broker. The broker's attempt to deflect blame by fabricating transaction issues only adds to their untrustworthiness.

_{Negative reviews about Trade245}

Bottom Line:

Trade245's track record of questionable practices and poor service paints a troubling picture. Traders must exercise extreme caution and avoid this broker altogether. Instead, choose a reputable and reliable platform where top priorities are transparency, security, and client satisfaction. Invest wisely, and safeguard your financial interests with trusted brokers. It is always better to check a broker’s credibility with platforms like Brokersview.com before signing up with them.