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.

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.

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.

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.

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:

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.

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:

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.

Multiple Trading Currencies

ZAR, USD, GBP

Trade245 minimum deposit vs other brokers

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:

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.

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.

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.

What is INVAST？

Invast Securities Co., Ltd is a leading brokerage company based in Japan. Founded in 1960, it operates as a wholly-owned subsidiary of INVST Co., Ltd, a listed company. Invast Securities offers a wide range of online financial derivative trading services. Their expertise lies in margin FX and OTC CFDs (Contract for Difference), attracting a significant number of users in Japan and boasting a user base of over 400,000 individuals.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

INVAST Alternative Brokers

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

• Monex Securities - A renowned online brokerage firm offering a wide range of financial services and investment opportunities.

• ACY Securities - A global financial services provider renowned for offering innovative trading solutions, including foreign exchange, contracts for difference (CFDs), and cryptocurrencies.

• ALPHA INTERNATIONAL SECURITIES - A financial servicesthat focuses on internet securities business, investment banking services, including both the bond capital market (DCM) and equity capital market (ECM).

Is INVAST Safe or Scam？

INVAST is regulated by the Financial Services Agency (FSA) oversees all financial services providers, including Forex brokers, in Japan. It is regulated by reputable authorities, has been in operation for several years, and has received positive reviews from many customers. Based on the information available, INVAST appears to be a reliable and trustworthy broker.

However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

Business Scopes

The business scope of INVAST includes providing online financial derivative trading services for margin FX and OTC CFDs (Contract for Difference). They offer trading platforms for individuals and institutional clients to engage in speculative trading of various financial products, including foreign exchange (FX) and contracts for difference (CFDs).

INVAST facilitates buying and selling these financial instruments over electronic platforms, allowing traders to speculate on price movements without owning the underlying assets. They provide access to global markets, leverage trading options, risk management tools, and various trading strategies to meet the needs of their clients.

FX Spreads

Invast Securities offers low spreads, USD/JPY 0.3 pips, GBP/JPY 0.1 pips, EURJPY 0.5 pips, AUDJPY 0.6 pips, and EURUSD 0.3 pips. (From 9:00 AM to 5:00 AM the next day Fixed in principle (with exceptions).

Click 365

Click 365“ is a nickname for Forex Margin Trading (FX) handled by the Tokyo Financial Exchange. Exchange FX ”Click 365 is safe because all the deposited funds are deposited and segregated at the Tokyo Financial Exchange. In addition, Exchange FX trades at the rates offered by the exchange and swap points, so fair and favorable rates are delivered. Click 365 handles 25 currency pairs centered on popular currencies such as dollar / yen, euro / yen, and Australian dollar / yen.

Click 365 Transaction Fees

Fees will decrease according to the number of transactions.

Deposits & Withdrawals

• For Deposit:

-Invast Securities provides “immediate deposit service”, and you can transfer (deposit) in near real time 24 hours a day, and you can deposit at night and on public holidays.

-The instant deposit service is a deposit via the Internet through “My Page” and “Tri-Auto ETF Trading Tool”. It cannot be done from the counter of a financial institution or ATM. Immediate deposits cannot be made from the companys website or the website of each financial institution. Immediate deposits with corporate accounts are available only at four financial institutions: Rakuten Bank, PayPay Bank, SBI Sumishin Net Bank, and Japan Post Bank.

• For Withdrawal:

To withdraw funds from your INVAST Securities account, you can follow these steps:

1. Log in to your account through the “My page” or trading tool.

2. Navigate to “Deposits and withdrawals” and then select “Withdraw”.

3. Enter the details required, including your withdrawal source trading account, the amount you wish to withdraw, and your withdrawal password. Click “Confirm”.

4. You will receive a verification code to your registered primary email address. Enter this code.

(Note: If you don't have multi-factor authentication enabled, you won't need to enter an authentication code.)

5. Review the withdrawal details and click “Run” to complete the withdrawal process.

It's important to note that INVAST Securities covers the transfer fee for withdrawals. The timing of the transfer will depend on various factors and you can refer to their platform for more specific information.

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +81 0120-659-274

Email: fx-info@invast.jp

fx24-info@invast.jp

Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook and YouTube.

Twitter: https://twitter.com/invast

Facebook: https://www.facebook.com/invastsecurities/

YouTube: https://www.youtube.com/user/INVASTSecurities

Whats more, INVAST provides a Frequently Asked Questions (FAQ) section on their website to assist their clients with commonly asked questions and provide relevant information. The FAQ section aims to address common queries and concerns that investors may have regarding the company's services, processes, and investment opportunities. By offering this resource, INVAST aims to provide transparency and clarity to their clients, helping them make informed decision.

INVASToffers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.

Conclusion

In conclusion, INVAST Securities is a reputable brokerage company based in Japan. The company is authorized and regulated by FSA, a regulatory body in Japan. INVAST Securities specializes in providing online financial derivative trading services for margin FX and OTC CFDs (Contract for Difference).

Overall, INVAST Securities' regulatory framework, extensive experience, and dedication to providing trading services contribute to its status as a trusted brokerage company in Japan.

Frequently Asked Questions (FAQs)

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 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.