Any updates related to Trade245?

https://trade245.com/

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.