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Any updates related to Trade245?
rinayat
Cameroon
Dec 11, 2025
ANSWER Dear Investor, Trade245 claims that Trade245 (Pty) Ltd and Trade245 Global (Pty) Ltd act as Juristic Representatives of Red Pine Capital (Pty) Ltd, a firm licensed and regulated by South Africa’s Financial Sector Conduct Authority (FSCA) under FSP number 52142. Our verification confirms that Red Pine Capital (Pty) Ltd is indeed a legitimate FSCA-registered Financial Services Provider. However, neither Trade245 (Pty) Ltd nor Trade245 Global (Pty) Ltd appear in the FSCA’s public register as authorized representatives or linked entities. Moreover, the FSCA does not list Trade245 as a licensed or approved trading name under Red Pine Capital’s authorization, and there is no official statement from Red Pine Capital or the FSCA confirming any formal relationship with Trade245, leaving the claimed representation unverified. This lack of transparency creates a significant risk that Trade245 may be misrepresenting its regulatory status, either by fabricating its connection to a licensed entity or improperly using another firm’s license details. Given these unresolved concerns, we strongly advise against engaging with Trade245. To safeguard your investments, we recommend choosing only brokers whose regulatory status is clearly verifiable through official channels.
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What is your professional rating on Trade245? Would you say it's a trustworthy broker?
Carlosna
Spain
Dec 15, 2021
ANSWER Trade245 is not legit and should be avoid at all events. Trade245 claims that it is a product of Red Pine Capital (PTY) LTD, an authorized financial services provider licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. The alleged parent company of Trade245 is indeed licensed in South Africa. However, there's another company based in South Africa -ZumaMarkets that is also using Red Pine's license details. The FSCA registry does not feature any trading names, nor approved domains, so there's no way to ascertain whether they are indeed legit. Futhermore, Red Pine (PTY) Ltd has not responsed to confirm them yet. Both ZumaMarket and Trade245 may be cloned firms who illegally use the details of regulated firms with which they aren't related in any way. We would recommend you to stay away from Trade245 and any other unregulated brokerages, since they are not subject to necessary laws and principles of operation, resulting in a high risk to trade with them.
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