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FX Choice , Trade245 Broker Comparison

Do you want to know which is the better broker between FX Choice and Trade245 ?

In the table below, you can compare the features of FX Choice , Trade245 side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2  brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official website
Basic Information
Established(years)
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed(ms)
The highest transaction speed(ms)
The highest speed of opening positions(ms)
The highest speed of closing position(ms)
Slowest transaction speed(ms)
The lowest speed of opening positions (ms)
The lowest speed of closing position(ms)
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost (USD/Lot)
Rollover Cost
Rollover cost rating
  • Average Rollover Cost (USD/Lot)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time(ms)
Account Information
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
2.6
Offshore Regulated
No guarantee
5-10 years
FSC
Supported
Supported
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36 currency pairs; Indices, Metals, Commodities, Energies, Cryptocurrencies
$100
1:200
from 0
15.00
--
0.01
--
2.19
Suspicious Clone
No guarantee
--
2-5 years
FSCA
Supported
Supported
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1:500
From 0
--
Variable
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Score
Regulatory Status
Offshore Regulated
Suspicious Clone

FX Choice 、 Trade245 BrokerRelevant information

FX Choice 、 Trade245 BrokerRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of fx-choice, trade245 lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

fx-choice
Registered in Belize
Regulated by FSC
Year(s) of establishment 2-5 years
Trading instruments Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks
Minimum Initial Deposit $10
Maximum Leverage 1:1000
Minimum spread 0.0 pips onwards
Trading platform MT4, MT5, webtrader
Deposit and withdrawal method cryptocurrencies, VISA, MasterCard, Perfectmoney, Skrill, Neteller, astropay and many other options
Customer Service Email/phone number/address/live chat/call back
Fraud Complaints Exposure Yes

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of FX Choice

Pros:

  • Multiple account types with varying minimum deposits and commissions to suit traders with different needs and preferences.

  • The option to trade a wide range of financial instruments including Forex, metals, indices, cryptocurrencies, and shares.

  • Multiple platform options including the popular MetaTrader 4 and 5, as well as a WebTrader platform.

  • High leverage of up to 1:1000 for the Optimum account, providing the opportunity for potentially higher profits.

  • A variety of deposit and withdrawal methods, including popular e-wallets and cryptocurrencies, with a 15% deposit bonus available.

  • Comprehensive educational resources including autotrade, copy trading, and trading signals to help traders make informed decisions.

  • Multilingual customer support available 24/5 via phone, email, live chat, and call back.

Cons:

  • Limited options for those who prefer a low minimum deposit or zero commission account.

  • Pro account holders are charged a commission of USD 3.5 per side, which may be relatively high for some traders.

  • Limited to only a few trading platforms, which may not suit traders who prefer other platforms.

  • The maximum leverage available of up to 1:1000 for the Optimum account may be too high for some traders who prefer a lower level of risk.

  • The customer support service does not offer 24/7 assistance.

What type of broker is FX Choice?

Advantages Disadvantages
FX Choice offers tight spreads and fast execution due to its Market Making model. As a counterparty to its clients' trades, FX Choice has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients.

FX Choice is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, FX Choice acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that FX Choice has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with FX Choice or any other MM broker.

General information and regulation of FX Choice

With a history between 2 and 5 years, FX Choice is an online forex broker regulated by FSC and is dedicated to providing a series of common forex instruments.

In the following article, we will analyze the characteristics of this broker in all its dimensions, providing you with easy and well-organized information. If you are interested, read on.

general information

Market instruments

Advantages Disadvantages
Wide range of trading markets including currency pairs, indices, commodities, metals, energy, cryptocurrencies, and stocks None found

FX Choice offers a vast selection of tradable instruments, including forex, indices, commodities, metals, energy, cryptocurrencies, and stocks. This wide range of markets provides traders with numerous opportunities to diversify their trading portfolio and take advantage of different market conditions. For instance, traders can choose to trade the highly liquid forex market, take positions on the commodities market, or trade the popular cryptocurrency markets. Additionally, traders can access various indices, energy, and metal markets to take advantage of market opportunities. Overall, the broad range of trading instruments on FX Choice makes it a suitable broker for both new and experienced traders who want access to multiple markets. No disadvantages were found in this dimension.

Market instruments

Spreads and commissions for trading with FX Choice

Advantages Disadvantages
Competitive spreads Pro account commission of USD 3.5 per side is relatively high
No commission on Classic and Optimum accounts Optimum account has higher spreads compared to other accounts
Rebates available on Pro account

FX Choice offers competitive spreads on all its account types. The Classic account has spreads starting from 0.5 pips, while the Optimum account has spreads starting from 1.5 pips. The Pro account has spreads starting from 0 pips but charges a commission of USD 3.5 per side, which is relatively high compared to other brokers. However, rebates of up to USD 2 per side are available for high-volume traders on the Pro account. There are no commissions charged on the Classic and Optimum accounts, making them suitable for traders who do not want to pay additional fees. Overall, FX Choice's spreads are competitive and can be considered an advantage for traders.

Spreads

Trading accounts available in FX Choice

Demo Account: FX Choice provides a demo account that allows you to try out the financial markets without the risk of losing money.

Live account: FX Choice offers three account types: Classic, Optimum, and Pro Accounts. The Classic Account has a minimum deposit of USD 100 and offers tight spreads starting from 0.5 pips. The Optimum Account, on the other hand, requires a minimum deposit of only USD 10 but has wider spreads starting from 1.5 pips. The Pro Account has a minimum deposit of USD 100 and offers the tightest spreads starting from 0 pips. However, it comes with a relatively high commission fee of USD 3.5 per side. All account types allow for a minimum lot size of 0.01 lots, and the leverage for forex and metals trading ranges from 1:200 to 1:1000. Moreover, the accounts support different markets, including forex, indices, metals and energies, cryptocurrencies, and stocks, among others.

Classic Account Optimum Account Pro Account
Minimum deposit USD 100 USD 10 USD 100
Tight spreads starting from 0.5 pips 1.5 pips 0 pips
Minimum lot size 0.01 lots 0.01 lots 0.01 lots
Commission charged Negative figure under ‘Commission’ in trade history No No USD 3.5 per side (USD 1.5 for high-volume traders, see Pips+), per notional amount of USD 100,000
Rebate added Above-zero figure under ‘Commission’ in trade history Up to USD 2 per side, per notional amount of USD 100,000. See Pips+. Up to USD 2 per side, per notional amount of USD 100,000. See Pips+. No
Leverage Forex, metals — up to 1:200; more markets. Forex, metals — up to 1:1000; more markets. Forex, metals — up to 1:200; more markets.
Margin level for hedge/lock positions 50% 50% 50%
Execution NDD, Market NDD, Market NDD, Market
Margin call / Stop out 25/15 25/15 25/15
Forex CFDs 36 currency pairs 36 currency pairs 36 currency pairs
More CFDs Indices, Metals & Energies, Crypto, Shares Indices, Metals & Energies, Crypto, Shares Indices, Metals & Energies, Crypto, Shares

Trading platform(s) that FX Choice offers

Advantages Disadvantages
MetaTrader 4 (MT4) platform available No proprietary platform
MetaTrader 5 (MT5) platform available No cTrader platform available
WebTrader platform available

FX Choice offers three popular trading platforms to its clients: MT4, MT5, and WebTrader. The MetaTrader platforms are well-known for their advanced charting capabilities and algorithmic trading options, making them ideal for both novice and experienced traders. The WebTrader platform is a browser-based platform that allows traders to access their accounts from anywhere without the need for downloading any software. However, FX Choice does not have its own proprietary platform, which may be a disadvantage for traders who prefer a more customized trading experience. Additionally, the absence of the cTrader platform may be a drawback for traders who prefer this platform for its advanced charting and order execution features. Overall, the availability of the popular MetaTrader platforms and a browser-based WebTrader platform provides traders with flexibility and accessibility to trade from various devices.

Trading platform(s)

Maximum leverage of FX Choice

Advantages Disadvantages
Allows for higher potential profits with smaller initial investment Higher leverage increases risk of large losses
Greater flexibility in trading strategies and positions Can lead to overtrading and poor risk management
Enables traders to access larger markets with limited capital Inexperienced traders may be tempted to use high leverage without understanding the risks
Can increase trading volume and potential returns Market volatility can quickly wipe out an account with high leverage

FX Choice offers maximum leverage of up to 1:1000 for Optimum account and 1:200 for Classic and Pro account, which allows traders to open larger positions with a smaller amount of capital. This can be advantageous for traders who have a good understanding of risk management and use leverage wisely to maximize their trading opportunities. However, high leverage can also lead to large losses if traders do not use it responsibly. It is important for traders to understand the risks involved and have a solid trading plan in place when using high leverage. Additionally, traders should always consider the market conditions and volatility before using high leverage in their trades.

Maximum leverage

Deposit and Withdrawal: methods and fees

Advantages Disadvantages
Multiple deposit and withdrawal options Some deposit/withdrawal methods may not be available in certain countries
15% deposit bonus available Withdrawal fees may apply
Cryptocurrency deposits and withdrawals available Bonus terms and conditions may apply
Fast processing time for most payment methods

FX Choice offers clients a wide range of deposit and withdrawal options, including cryptocurrencies, Visa, Mastercard, Skrill, Neteller, and many more. The 15% deposit bonus is also an attractive feature for new clients. However, some payment methods may not be available in certain countries and withdrawal fees may apply. It's also important to note that bonus terms and conditions may apply. In general, FX Choice aims to process payments quickly, which is a positive aspect for clients looking for a fast and efficient payment system.

 deposit and withdrawal

Educational resources in FX Choice

Advantages Disadvantages
A wide range of educational resources including market signals, autotrade, copy trading, VPS, news, trading signals, and EA Limited educational materials for beginners
Access to professional trading tools Some resources may require additional fees or commissions
Customizable tools to meet individual needs and preferences
Opportunity to learn from experienced traders

FX Choice offers a variety of educational resources that cater to the needs of traders at different levels of experience. The platform provides a range of professional trading tools that traders can use to improve their skills and knowledge. The educational resources available include market signals, autotrade, copy trading, VPS, news, trading signals, and EA. These resources are customizable, allowing traders to tailor them to their individual needs and preferences. Additionally, traders can learn from experienced traders by using the platform's copy trading features. While FX Choice offers a wide range of educational resources, there may be limited materials for beginners, and some resources may require additional fees or commissions. Overall, the platform offers a strong set of educational resources for traders looking to improve their trading skills and knowledge.

Educational resources

Customer service of FX Choice

Advantages Disadvantages
24/5 customer service available No 24/7 customer service available
Support in multiple languages No local phone numbers for some countries
Various contact methods available No physical office for some regions
Quick response time through live chat and phone Limited information on the website about customer service protocols
Call back service available

FX Choice offers 24/5 customer service to its clients, providing support in multiple languages through various channels such as email, phone, live chat and call back service. The quick response time through live chat and phone is an advantage, ensuring that clients can get their issues resolved promptly. However, the lack of 24/7 customer service and local phone numbers for some countries could be a disadvantage for clients in those regions. While FX Choice has a physical office, it may not be accessible to some clients. The website could also provide more information about the customer service protocols in place to manage clients' issues. Overall, FX Choice's customer care dimension provides a good level of support to its clients.

Customer service

Conclusion

FX Choice is a well-established online trading platform that provides a wide range of trading instruments, including forex, CFDs, and cryptocurrencies. The platform offers multiple account types, educational resources, and 24/5 customer support in various languages. It also provides various deposit and withdrawal options, making it easy for traders to manage their funds. One of the most significant advantages of FX Choice is the availability of the MetaTrader platform, which is a popular and user-friendly platform used by many traders worldwide. While there are some disadvantages, such as the limited availability of some services, FX Choice remains a reputable and reliable platform for both beginner and experienced traders looking to trade various financial instruments. Overall, with its comprehensive trading features, customer support, and user-friendly platform, FX Choice is an attractive choice for traders looking for a reliable online trading platform.

Frequently asked questions about FX Choice

  • Question: What is FX Choice?

  • Answer: FX Choice is an online forex and CFD broker that offers trading services to retail and institutional clients.

  • Question: What types of accounts does FX Choice offer?

  • Answer: FX Choice offers three types of accounts: Classic, Optimum, and Pro.

  • Question: What is the minimum deposit to open an account with FX Choice?

  • Answer: The minimum deposit to open a Classic account is USD 100, while the minimum deposit for an Optimum account is USD 10, and for a Pro account, it is USD 100.

  • Question: What is the maximum leverage offered by FX Choice?

  • Answer: FX Choice offers leverage up to 1:1000 for Optimum account and 1:200 for Classic and Pro accounts.

  • Question: What trading platforms are available at FX Choice?

  • Answer: FX Choice offers the popular trading platforms MT4, MT5, and WebTrader.

  • Question: What are the deposit and withdrawal methods available at FX Choice?

  • Answer: FX Choice offers various deposit and withdrawal methods, including credit cards, e-wallets, bank transfers, and cryptocurrencies.

  • Question: Does FX Choice offer educational resources for traders?

  • Answer: Yes, FX Choice provides educational resources such as market signals, autotrade, copy trading, VPS, news, trading signals, and EA.

trade245
Trade245 Review Summary of 10 Points
Founded 2020
Headquarters South Africa
Regulation FSCA (Suspected Clone)
Market Instruments FX pairs, indices, stocks and commodities CFDs
Demo Account Available
Leverage 1:500
EUR/USD Spread 1 pip
Trading Platforms MT4, MT5
Minimum deposit $0
Customer Support 24/5 phone, email

What is Trade245?

Trade245 is a forex and CFD broker that offers trading services in forex, indices, commodities, and stocks. The broker is registered in South Africa. It offers the popular MetaTrader4 (MT4) and MetaTrader5 (MT5) trading platforms. Trade245 claims to offer competitive spreads, fast execution, and various account types and educational resources for traders. It is said to be authorized and regulated by South Africa Financial Sector Conduct Authority (FSCA), but it seems to be a suspicious clone.

Trade245's website

Pros & Cons

Trade245 offers several advantages such as a wide range of trading instruments, multiple account types, and user-friendly trading platforms. However, there are also several drawbacks, such as lack of regulation and transparency. Traders should carefully consider these factors before deciding to trade with Trade245.

Pros Cons
• Offers a wide range of trading instruments • Lack of regulation and transparency
• Provides multiple account types to choose from • Negative reviews and complaints from some users
• No minimum deposit requirement • Residents of the United States, Canada, Israel and the Islamic Republic of Iran are not accepted
• Offers MT4 and MT5 trading platforms
• Provides 24/5 customer support
• Offers competitive spreads and zero commissions

Note: It is important to conduct thorough research and due diligence before choosing a broker to trade with. The above table is just a summary of the pros and cons of Trade245 and should not be taken as a recommendation to trade with or against the broker.

Trade245 Alternative Brokers

There are many alternative brokers to Trade245 depending on the specific needs and preferences of the trader. Some popular options include:

  • Forex.com - a globally trusted broker that is regulated in multiple jurisdictions and offers a user-friendly platform, competitive pricing, and a range of educational resources.

  • FXTM - a popular broker that is regulated in multiple jurisdictions and offers a range of trading instruments, including forex, CFDs, and cryptocurrencies, with competitive pricing and excellent customer support.

  • IC Markets - a well-regulated broker that offers a range of trading instruments, including forex, CFDs, and cryptocurrencies, with tight spreads and fast execution.

Is Trade245 Safe?

Trade245 misrepresented its regulatory status by claiming to possess a license from the Financial Sector Conduct Authority (FSCA). However, upon investigation, it was revealed that the regulated entity named on the license, RED PINE CAPITAL (PTY) LTD, had no association with the Trade245 trading brand. Consequently, Trade245 unlawfully appropriated a regulatory license to mislead unsuspecting investors, compromising transparency and eroding trust in the financial markets.

Is Trade245 Safe?

Market Instruments

Tradable financial instruments available on the Trade245 platform include FX pairs, indices, stocks and commodities CFDs and more. Many other brokers could even offer richer instruments, like metals, cryptos, options, etc.

Accounts

Trade245 offered 7 account types targeting different trading preferences and strategies. Their account options included:

Standard Account: This account featured variable spreads starting from 1 pip, with leverage up to 1:500. Bonus funds of 100% were included with this account type, accessed via the MT4 platform.

Swap-Free Account: Similar to the Standard Account, with variable spreads from 1 pip and maximum leverage of 1:500, but without any bonus funds. This account was available on the MT4 platform and facilitated swap-free trading.

Zero Spread Account: As the name suggests, this account offered variable spreads starting from 0 pips, with leverage capped at 1:500. No bonus was included, and it operated on the MT4 platform.

Bonus 245 Account: This account provided variable spreads from 1 pip, with leverage up to 1:500. A substantial bonus of 245% was included with this account type, accessible via the MT4 platform.

Bonus Rescue Account: Designed for risk management, this account featured variable spreads from 1 pip and leverage of 1:500. It included a 100% bonus to protect against potential drawdowns, available on the MT4 platform.

Micro Account: Tailored for smaller trading sizes, this account offered variable spreads starting from 1 pip and leverage up to 1:500. No bonus was included, and it was accessible on both MT4 and MT5 platforms.

Copy Trading Account: This account facilitated copy trading, with variable spreads from 1 pip and maximum leverage of 1:500. No bonus was provided, and it was available on the MT4 platform.

Trade245 Accounts

Notably, there is no minimum opening deposit requirement for any of these accounts, providing traders with greater flexibility.

Leverage

All account types offered by Trade245 have a maximum leverage of 1:500. This means that traders can potentially increase their profits or losses by up to 500 times their initial investment. However, it is important to note that high leverage also increases the risk of significant losses. Therefore, it is crucial for traders to use leverage responsibly and manage their risk effectively. Traders should also ensure that they understand the risks and implications of using high leverage before trading with Trade245 or any other broker.

Spreads & Commissions

Trade245 offers variable spreads which start from as low as 1 pip for some account types (except for Zero Spread accounts from 0 pips). The spreads may vary based on the trading instrument, account type, and market conditions. Trade245 does not charge any commission fees for its trades. Instead, it includes its costs within the spread. However, the Zero Spread account type may charge an unspecified commission fee.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commission
Trade245 1 pip No
Forex.com 0.8 pips No
FXTM 1.3 pips No
IC Markets 0.1 pips AUD $7 per lot

Note: The above data is based on the information available on the respective brokers' websites and is subject to change. Spreads and commissions may vary depending on the account type, trading platform, and market conditions.

Trading Platforms

Trade245 offers its clients the popular and widely used MetaTrader4 (MT4) and MetaTrader5 (MT5) trading platforms. Both platforms are available for download on desktop, mobile, and tablet devices. These platforms provide a user-friendly interface, advanced charting tools, and a wide range of technical analysis indicators. MT4 and MT5 are well-known for their fast execution speeds, reliable order execution, and a range of trading tools to enhance the trading experience.

Additionally, the platforms support automated trading through expert advisors (EAs) and allow traders to customize their trading strategies using their preferred programming language.

MT4
MT5

Overall, Trade245 provides a comprehensive trading experience for both novice and experienced traders with the support of two of the most popular trading platforms in the industry.

See the trading platform comparison table below:

Broker Trading Platform
Trade245 MetaTrader5, MetaTrader5
Forex.com MetaTrader4, Web Trading
FXTM MetaTrader4, MetaTrader5, FXTM Trader App
IC Markets MetaTrader4, MetaTrader5, cTrader

Note: The table is based on the information available on the official websites of the brokers, and is subject to change.

Deposits & Withdrawals

Trade245 offers various deposit and withdrawal methods to its clients, including Visa, MasterCard, mPESA, ozow, Skrill and various cryptocurrencies. There is no minimum deposit requirement. There are no deposit fees charged by Trade245.

Withdrawals are said to be processed within hours, and there are no withdrawal fees charged by Trade245. However, clients should be aware that some payment providers may charge fees for their services.

payment methods

Multiple Trading Currencies

ZAR, USD, GBP

Trade245 minimum deposit vs other brokers

Trade245 Most other
Minimum Deposit $0 $100

Fees

Trade245 charges fees for several services as follows:

  • Overnight Financing Fees: Also known as swap fees, overnight financing fees are charged for holding positions open overnight. The fees are calculated based on the trading instrument being traded and the position size.

  • Inactivity Fees: Trade245 charges an inactivity fee of $50 per month for accounts that have been inactive for 3 months or more.

  • Deposit & Withdrawal Fees: Trade245 does not charge any fees for deposits and withdrawals. However, third-party fees may apply, depending on the method used.

It's worth noting that the fees charged by Trade245 may vary depending on the type of account opened and the trading platform used. It's important to read the terms and conditions carefully before opening an account with Trade245 to fully understand the fees charged.

See the fee comparison table below:

Broker Deposit Fee Withdrawal Fee Inactivity Fee
Trade245 No No $50/month after 3 months of inactivity
Forex.com No No $15/month after 12 months of inactivity
FXTM No No $5/month after 6 months of inactivity
IC Markets No No $10/month after 2 years of inactivity

Customer Service

Trade245 offers 24/5 customer support through various channels including email and phone. Their website also has an FAQ section where clients can find answers to common questions. You can also follow them on some social networks such as Facebook and Instagram.

Customer Service
Customer Service

Education

Trade245 offers some educational resources to its clients, including a glossary of commonly used trading terms and articles on various topics related to trading. These resources are aimed at helping traders of all levels to gain a better understanding of the financial markets and improve their trading skills. Overall, Trade245's educational offerings are a valuable resource for traders who are looking to improve their trading performance and achieve their financial goals.

Education

Conclusion

Overall, Trade245 appears to offer a competitive trading environment with a wide range of trading instruments, multiple account types, and popular trading platforms including MT4 and MT5. However, the fact that their FSCA license is a suspicious clone raises some concerns about the legitimacy of the broker. In addition, there are some negative reviews from users reporting difficulties with withdrawals, which is certainly a red flag. As with any broker, it is important to conduct thorough research and exercise caution before investing any funds.

Frequently Asked Questions (FAQs)

Is Trade245 legit ?

No. It has been verified that their South Africa Financial Sector Conduct Authority - FSCA license is a suspicious clone.

At Trade245, are there any regional restrictions for traders?

Yes. Trade245 does not provide services for the residents of certain countries, such as the United States, Canada, Israel and the Islamic Republic of Iran.

Does Trade245 offer demo accounts?

Yes. Demo accounts are available.

Is Trade245 a good broker for beginners?

No. Trade245 is not a good choice for beginners. Though it offers demo MT4 and MT5 accounts, never forget their FSCA license is a suspicious clone.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

Are the transaction costs and expenses of fx-choice, trade245 lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive fx-choice and trade245 are, we first considered common fees for standard accounts. On fx-choice, the average spread for the EUR/USD currency pair is from 0 pips, while on trade245 the spread is From 0.

Which broker between fx-choice, trade245 is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

fx-choice is regulated by FSC. trade245 is regulated by FSCA.

Which broker between fx-choice, trade245 provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

fx-choice provides trading platform including Pro,Classic,Optimum and trading variety including 36 currency pairs; Indices, Metals, Commodities, Energies, Cryptocurrencies. trade245 provides trading platform including Zero Spread,Swap Free,VIX 75,Cent,No Bonus,Bonus 100 and trading variety including --.

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