No data
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Do you want to know which is the better broker between Trade245 and Super Forex ?
In the table below, you can compare the features of Trade245 , Super Forex side by side to determine the best fit for your needs.
--
--
EURUSD:0.2
EURUSD:3
EURUSD:14
XAUUSD:21
EURUSD: -11.58 ~ 4.63
XAUUSD: -13.5 ~ -3.75
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 trade245, super-forex 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:
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 |
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 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.
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.
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.
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.
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.
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.
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.
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:
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.
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.
ZAR, USD, GBP
Trade245 | Most other | |
Minimum Deposit | $0 | $100 |
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 |
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.
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.
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.
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.
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.
Registered in | Belize |
Regulated by | No effective regulation at this time |
Year(s) of establishment | 5-10 years |
Trading instruments | Cryptocurrencies, precious metals, stock, oil, forex pairs, indices |
Minimum Initial Deposit | $1 |
Maximum Leverage | 1:3000 |
Minimum spread | 0.0 pips onwards |
Trading platform | MT4 |
Deposit and withdrawal method | Bank Wire Transfers, Credit/Debit Cards, E-Payments, Cryptocurrencies, Local Payments and superforex money |
Customer Service | Email, phone number, WhatsApp, WeChat, telegramInstagram, YouTube, Facebook, twitter, LinkedInFAQ, Callback |
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:
Wide range of trading products and account types to choose from
High leverage of up to 1:3000
No additional fees on transactions with your account
Extensive educational resources available, including videos and seminars
Multiple channels of customer support, including social media platforms and callback option
Fast processing time for deposits
Cons:
Limited regulatory oversight and licensing
Limited information on the company's history and ownership
Some account types have high minimum deposits, such as the Profi STP and ECN accounts
The spreads on some trading products can be higher compared to other brokers
Withdrawals may take longer to process compared to deposits
Limited options for trading platforms, only offering the MT4 platform.
Advantages | Disadvantages |
Super Forex offers tight spreads and fast execution due to its Market Making model. | As a counterparty to its clients' trades, Super Forex has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients. |
Super Forex 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, Super Forex 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 Super Forex 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 Super Forex or any other MM broker.
SuperForex is a global forex broker established in 2013 with a mission to provide its clients with top-quality financial services and a wide range of trading instruments. The company is headquartered in Belize. With its client-centric approach, SuperForex offers various account types, flexible trading conditions, a range of trading platforms, a variety of payment options, and a comprehensive set of educational resources to cater to the needs of both novice and experienced traders.
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.
Super Forex offers a wide range of trading instruments, including cryptocurrencies, precious metals, stocks, oil, forex pairs, and indices. The availability of multiple asset classes provides traders with diversification opportunities, access to global markets, and the potential for high returns. With access to popular asset classes such as forex pairs and indices, traders can also benefit from high liquidity, which means they can quickly enter and exit positions at the desired price. However, trading multiple asset classes can be complex, may require extensive knowledge and expertise, and may come with higher margin requirements, increasing trading costs. Additionally, as the research and analysis on each asset class may not be as detailed or comprehensive as traders would prefer, traders should conduct their own research and analysis to make informed trading decisions.
Advantages | Disadvantages |
Competitive spreads | Unregulated broker |
Detailed fee table | Potential hidden fees |
Zero commissions | High leverage up to 1:3000 |
No deposit or withdrawal fees | Lack of negative balance protection |
Super Forex offers competitive spreads and provides a detailed fee table that outlines spreads, commissions, SWAPs and lot sizes for various accounts and products. The absence of commissions and deposit/withdrawal fees makes trading cost-effective. However, as an unregulated broker, Super Forex carries a risk of potential hidden fees. Also, the high leverage of up to 1:3000 can be both beneficial and risky, as it can magnify profits and losses. Moreover, the lack of negative balance protection is a disadvantage that can expose traders to significant losses.
STP accounts:
Account type | Standard | Swap-Free | No Spread | Micro Cent | Profi STP | Crypto |
Minimum deposit | 5 USD | 5 USD | 50 USD | 1 USD | 500 USD | 50 USD |
Maximum leverag | 1:1000 | 1:1000 | 1:1000 | 1:1000 | 1:3000 | 1:10 |
Swaps | Yes | No | No | Yes | No | No |
Spreads | Fixed | Fixed | 0 | Fixed | from 0.01 pips | Fixed |
ECN accounts:
Account type | ECN Standard | ECN Standard-Mini | ECN Swap-Free | ECN Swap-Free Mini | ECN Crypto |
Minimum deposit | 100 USD | 5 USD | 100 USD | 5 USD | 50 USD |
Maximum leverage | 1:1000 | 1:1000 | 1:1000 | 1:1000 | 1:10 |
Swaps | Yes | Yes | No | No | No |
Spreads | Floating | Floating | Floating | Floating | Floating |
Super Forex offers a variety of account types, ranging from Standard and Micro Cent accounts to more specialized accounts like No Spread and Crypto. The broker also offers ECN accounts with floating spreads for traders looking for a more transparent pricing model. Each account type has its own minimum deposit requirement and maximum leverage, giving traders the flexibility to choose an account that best fits their needs. Additionally, the Swap-Free account option is available for those who require it, and the Profi STP account is specifically designed for professional traders. However, it should be noted that some account types have limited leverage and some have higher spreads compared to others.
Advantages | Disadvantages |
User-friendly and intuitive interface | Outdated and not as advanced as newer platforms |
Flexible and customizable | Limited charting tools compared to other platforms |
Large community support with abundant resources | No two-factor authentication for added security |
Ability to use expert advisors (EAs) | Limited access to market data and news |
Multiple language support | Limited integration with third-party plugins and tools |
Super Forex offers its clients the popular MetaTrader 4 (MT4) platform for trading, which has been in use for over a decade and is known for its user-friendly interface and flexible customization options. With MT4, traders have access to advanced charting tools, automated trading through expert advisors (EAs), and a large community of support with abundant resources. However, MT4 has limitations in terms of access to market data and news compared to newer platforms, and it does not offer two-factor authentication for added security. Additionally, while the platform is flexible and customizable, it does have limitations in terms of charting tools compared to other platforms.
Advantages | Disadvantages |
Potential for higher profits with smaller initial investments | Increased risk of substantial losses |
Increased market exposure and flexibility in trading strategies | High leverage can lead to rapid depletion of funds in case of unfavorable market movements |
Can provide access to larger positions and more trades | Requires a higher level of experience and risk management skills |
Can amplify both profits and losses | Limited availability in certain jurisdictions due to regulatory restrictions |
Super Forex offers a very high maximum leverage of up to 1:3000, which can be advantageous for experienced traders looking to amplify their profits and gain greater market exposure with smaller initial investments. However, high leverage also carries a significant amount of risk, as it can lead to substantial losses in a short period of time. This requires traders to possess advanced risk management skills and strategies to mitigate the risks. Additionally, high leverage is not available in all jurisdictions due to regulatory restrictions.
Advantages | Disadvantages |
Multiple deposit and withdrawal options | No information on fees charged by payment systems or banks |
No additional fees charged by SuperForex on transactions | Processing time for withdrawals may take up to 4 business days |
Instant processing time for deposits | Lack of information on withdrawal limits |
Availability of local payment options | Limited cryptocurrency options compared to some competitors |
SuperForex offers a variety of deposit and withdrawal options to cater to clients' different preferences. One advantage is that the company does not charge any additional fees on transactions with your account. However, there is no information available on the fees charged by payment systems or banks, which may lead to unexpected charges for clients. Processing time for withdrawals may also take up to four business days, which may be longer than some competitors. On the other hand, deposits are processed instantly. SuperForex also offers local payment options, which can be convenient for clients in certain regions. However, the cryptocurrency options are limited compared to some competitors. It would be helpful for SuperForex to provide more information on withdrawal limits to assist clients in planning their transactions.
Advantages | Disadvantages |
Comprehensive educational resources available | Limited personal guidance |
Variety of resources such as lections, glossary, seminars, and videos | No formal certification |
Official YouTube channel available for additional resources | Self-directed learning may not suit all learners |
Free of charge for Super Forex clients | No interactive learning tools |
Accessible to clients worldwide | Some resources may be more basic than others |
Super Forex offers a variety of educational resources for its clients. The company provides comprehensive lections, a glossary, seminars, training centers, educational videos, and other resources to help traders learn more about forex trading. Additionally, Super Forex has an official YouTube channel where clients can access even more videos to supplement their learning. These resources are available free of charge to Super Forex clients, and they are accessible to traders worldwide. However, there are some disadvantages to Super Forex's educational resources. While they are comprehensive, they do not offer personalized guidance, and there is no formal certification process. Additionally, the resources are self-directed, which may not be suitable for all learners, and some of the materials may be more basic than others.
You may also visit their official YouTube channel to watch more videos. Here is a recent video about technical analysis.
Advantages | Disadvantages |
24/5 customer support available via various channels | No 24/7 customer support |
Several social media channels for customer support and engagement | No live chat available on website |
FAQ section available on the website for quick self-help | No phone support for some countries |
Callback feature available for personalized assistance | No physical office or location available for in-person assistance |
Super Forex offers a variety of customer care options for their clients. The company provides 24/5 customer support through various channels, including email, phone, WhatsApp, WeChat, Telegram, and social media platforms such as Instagram, YouTube, Facebook, Twitter, and LinkedIn. The FAQ section on their website is another helpful resource for clients who prefer self-help. Additionally, the callback feature is available for personalized assistance. However, Super Forex does not offer 24/7 customer support and live chat is not available on their website. Furthermore, phone support may not be available for some countries and there is no physical office or location available for in-person assistance.
In conclusion, Super Forex is a reputable and reliable forex broker that offers a wide range of trading instruments and account types to its clients. Its multiple deposit and withdrawal options, as well as its educational resources and customer support channels, make it an attractive option for traders of all levels of experience. The company also stands out with its high leverage of up to 1:3000, which can potentially lead to significant profits. However, traders must be aware of the risks involved in high leverage trading and exercise caution when trading with such high ratios. Overall, Super Forex provides a solid trading environment for traders looking to participate in the forex market.
Question: What is Super Forex?
Answer: Super Forex is a global forex broker that provides online currency trading services for both retail and institutional clients worldwide.
Question: Is Super Forex regulated?
Answer: No, Super Forex is not regulated.
Question: What trading platforms does Super Forex offer?
Answer: Super Forex offers the popular MetaTrader 4 (MT4) trading platform, which is available for both desktop and mobile devices.
Question: What is the minimum deposit required to open an account with Super Forex?
Answer: The minimum deposit required to open a Standard account with Super Forex is 5 USD.
Question: What types of accounts does Super Forex offer?
Answer: Super Forex offers various types of accounts, including Standard, Swap-Free, No Spread, Micro Cent, Profi STP, Crypto, ECN Standard, ECN Standard-Mini, ECN Swap-Free, ECN Swap-Free Mini, and ECN Crypto accounts.
Question: What is the maximum leverage offered by Super Forex?
Answer: Super Forex offers a maximum leverage of up to 1:3000.
Question: What educational resources are available on the Super Forex website?
Answer: Super Forex provides a variety of educational resources, including comprehensive lessons, a glossary, seminars, training centers, and educational videos, which are all designed to help traders improve their knowledge and skills in the forex market.
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 trade245 and super-forex are, we first considered common fees for standard accounts. On trade245, the average spread for the EUR/USD currency pair is From 0 pips, while on super-forex the spread is --.
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.
trade245 is regulated by FSCA. super-forex is regulated by FSC.
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.
trade245 provides trading platform including Zero Spread,Swap Free,VIX 75,Cent,No Bonus,Bonus 100 and trading variety including --. super-forex provides trading platform including Profi STP,Crypto,Standard,Swap Free,Micro Cent,No Spread and trading variety including USD, EUR, GBP, ZAR.