In this Trade245 Review we’ll take a look at some of the key features of this online broker, including its regulation by the Financial Sector Conduct Authority, the flexibility of trading on the MetaTrader 4 and 5 platforms, and the fact that it offers leverage of 1:500. We’ll also explore the various types of accounts offered by the broker, including those that don’t require swaps. Lastly, we’ll touch on their deposit bonuses, which are subject to strict terms and conditions.
Trade245 is regulated by the Financial Sector Conduct Authority
Trade245 is a South African broker that was founded in 2020 and is regulated by the Financial Sector Conduct Authority (FSCA). This means it is a legitimate and licensed financial services provider in South Africa. It offers CFDs and Forex for a range of asset classes. It operates on the MetaTrader 4 and 5 platforms and provides leverage up to 1:500. It also provides accounts for different trading needs and offers training. The broker also provides protection against negative balance on all types of accounts.
While trading in forex and CFDs carries a significant level of risk, the Trade245 warns potential customers that their trading involves substantial risk. It advises them to consider their financial situation, level of experience and investment objectives before trading. They also warn that they cannot guarantee maximum profits or losses.
It offers MetaTrader 4 and 5 platforms
MetaTrader is a platform used to trade forex, stocks, and other markets. Its user-friendly layout allows you to access the most important information quickly, and you can also customize the default charts to suit your personal preferences. MetaTrader supports over 1,000 different assets, including stocks, indices, futures, and cryptocurrencies.
The MetaTrader 4 and 5 platforms are both developed by MetaQuotes Software Corp., a software company that was established in 2000. These software packages are licensed by brokers and are used by many traders around the world. They are among the most popular trading platforms in the world. The difference between the two platforms is mostly in the way the software is used.MetaTrader 4 is a predecessor to the newer MetaTrader 5. MetaTrader 5 is an upgrade to MetaTrader 4, and can be used for the same purposes. While both platforms have similarities and differences, MetaTrader 5 has advanced features.
It offers leverage of 1:500
Trade245 offers a variety of tradable financial instruments and offers leverage of up to 1:500. High leverage is a good choice for traders looking to amplify their gains or losses. This broker also offers variable spreads, with minimums starting at just one pip on majors and commissions of $10 per lot.
In order to benefit from high leverage, you need to be very experienced in the foreign exchange market and be skilled enough to manage the risks. In addition, you should consider your overall trading style and strategy. Higher leverage means higher profits, but it also means higher losses. As a result, traders should determine how long they are willing to stay in the position and make adjustments accordingly.
Trade245 is a relatively new name in the forex and CFD trading market. The company is based in South Africa and is regulated by the Financial Sector Conduct Authority. However, there are some negative reviews of the broker on other review sites. Therefore, you should conduct your own research to find out if it is a good option for you.
It offers trading accounts for traders of all experience levels
Trade245 offers a range of trading accounts for traders of all experience levels, from beginners to experienced investors. Each of the accounts has a different set of features, including the ability to switch between different instruments and market sectors. The broker also offers a demo account that allows new traders to learn the ins and outs of trading without putting any money into the account.
Trade245’s flexible trading options include the Swap Free account, the Zero Spread account, the Cent account, the Swap Free account, the Weekend Trader Account, and the Trader Account. Each type of account has different features, including minimum deposit amounts, margin calls, and leverage.
It offers negative balance protection
Trade245 offers negative balance protection, which corrects your account automatically if you have a negative balance. This service also works with other banks and does not require a minimum deposit. It does, however, recommend a $100 minimum deposit. If you’re a beginner, you can even start out with a smaller deposit – as little as $5.Trade245 warns potential customers that currency trading is risky. It recommends considering your investment objectives, financial situation, and level of experience before starting a new trading account. While the company offers negative balance protection, it cannot guarantee that you will not lose money.