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

https://www.trade245.com/

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.