- Regulator
- Capital Markets Authority (CMA)
- Local company
- Not yet verified
- Licence number
- —
- M-Pesa
- Not confirmed
Broker review · Checked
Trade245 review 2026: is Trade245 legit in Kenya and South Africa?
Trade245 is a Cape Town broker authorised through Red Pine Capital (FSP 46044), with RocketX (FSP 52142) as the counterparty to your trades. You can fund in rand with Ozow or Capitec Pay from R100. Most accounts come with deposit bonuses, and user reports describe delayed withdrawals, so read the bonus terms and test a withdrawal first.
- Founded2020
- 🇰🇪 CMANot licensed
- 🇿🇦 FSCAFSP 46044
- Minimum depositR100
- M-PesaNot confirmed
Is Trade245 regulated? Licence by country
- Regulator
- Financial Sector Conduct Authority (FSCA)
- Local company
- Red Pine Capital (Pty) Ltd
- Licence number
- FSP 46044
Trade245 (Pty) Ltd and Trade245 Global (Pty) Ltd are juristic representatives of Red Pine Capital. RocketX (Pty) Ltd (FSP 52142) is named as the OTC derivative provider and the other side of your trades.
Source: tradefx.co.za, not yet checked on the register
A licence means someone supervises the broker. It does not make trading safe: most retail CFD accounts lose money.
About Trade245
Trade245 (Pty) Ltd and Trade245 Global (Pty) Ltd are juristic representatives of Red Pine Capital (Pty) Ltd, FSP 46044. RocketX (Pty) Ltd, FSP 52142, is named by TradeFX as the approved OTC derivative provider and counterparty to all CFD trades.
Who Trade245 suits, and who should look elsewhere
Good fit if you
- are in South Africa and want rand deposits by Ozow or Capitec Pay
Look elsewhere if you
- are in Kenya
- want a broker without bonus conditions
- use MT4 robots
Trade245 account types and minimum deposit
| Account | Minimum deposit | Pricing |
|---|---|---|
| No Bonus | R100 | From 2 pips, no commission |
| VIP | R5,000 | From 0.0 pips, no commission |
| Bonus and cashback accounts | R100 | From 2 pips; bonus terms limit withdrawals |
Leverage: Up to 1:500.
Trade245 fees: spreads, commission and other charges
| Commission | None advertised |
| Swaps | Apply on No Bonus and VIP accounts |
Work out the cost of a trade before you place it with our pip value and profit and loss calculators.
Trade245 deposits and withdrawals in Kenya and South Africa
🇰🇪 Kenya
- Trade245 is not on the CMA register. If it accepts you, your account sits with an offshore company and you have no CMA complaints route.
- No Kenyan payment method confirmed. Expect cards, bank wire or e-wallets such as Skrill and Neteller.
🇿🇦 South Africa
- Red Pine Capital (Pty) Ltd, FSP 46044; RocketX (Pty) Ltd, FSP 52142, as ODP.
- ZAR accounts with Ozow and Capitec Pay.
M-Pesa limits, rand EFT, cards, e-wallets and the payment scams to avoid: read our deposits and withdrawals guide.
Trade245 trading platforms
- MetaTrader 5
Is your money safe with Trade245?
- FSCA-authorised companies.
- User reports on Forex Peace Army and WikiFX describe delayed or rejected withdrawals, per TradeFX.
Trade245 pros and cons
Pros
- Local company
- ZAR deposits by Ozow and Capitec Pay
- R100 start
Cons
- Bonus-led accounts
- Withdrawal complaints
- MT5 only
Our real-money test of Trade245
Coming
We will open a Trade245 account, deposit, place a trade and withdraw, then publish the screenshots, the time each step took and every fee we paid.
Trade245 withdrawal time: reports from traders
How long do Trade245 withdrawals really take?
Loading reports…
Median of reports from traders. Not checked by us; our own tests are marked separately.
Withdrawal stuck or refused at Trade245? Get a ready complaint letter and the right regulator contact with our complaint desk →
Trade245: questions people ask
Is Trade245 regulated in Kenya?
No. Trade245 is not licensed by the CMA. It may still accept clients from Kenya through an offshore company, but you would have no CMA protection or local complaints route.
Is Trade245 regulated by the FSCA in South Africa?
Yes. In South Africa, Trade245 operates through Red Pine Capital (Pty) Ltd, which holds FSCA licence FSP 46044. Check that this company is named on your client agreement, not an offshore company of the same brand. Trade245 (Pty) Ltd and Trade245 Global (Pty) Ltd are juristic representatives of Red Pine Capital. RocketX (Pty) Ltd (FSP 52142) is named as the OTC derivative provider and the other side of your trades.
Is Trade245 regulated?
Yes. It operates through Red Pine Capital (FSP 46044), with RocketX (FSP 52142) as the OTC derivative provider.
Sources for this review (checked 29 Oct 2026)
Fees, minimums and payment methods change and can differ by the company you sign with. Confirm them on the broker's site before you deposit. Spotted something out of date? Tell us.