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Trade245 Minimum Deposit

Trade245 Minimum Deposit

 

Overall Rating

4.7/5

Rated #73 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSCA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

The Trade245  minimum deposit amount to open a real trading account is 5 (Five) US Dollars. The Minimum Deposit for 1st-time traders might vary based on the trading account type selected. Deposit activation can be up to 72 hours*

Finding a reputable list about Trade245 minimum deposit local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Minimum Deposit Review regarding this regulated Forex company, which will assist traders to make an informed decision, when it comes to funding your trading account.

 

Minimum Deposit

 

There does not appear to be a minimum deposit amount required to open a broker account with Trade245. However, the broker does recommend making a minimum deposit of at least $100 when opening an account to be able to trade effectively.

Traders should also note that there is a minimum amount that can be deposited. Payment via the dashboard/portal allows for a minimum of $5 or R95.

Having no minimum deposit means that Trade245 is accessible to all traders from all investment backgrounds and places no barrier of entry to beginner traders wishing to start out in the world of Forex trading.

 

Deposit fees and deposit methods

 

Trade245 provides the following popular online deposit and withdrawal methods:

  • Visa/Mastercard
  • Skrill
  • MPesa
  • Ozow

 

Trade245 accepts three types of deposit currencies, namely ZAR/Rand, GBP, and USD. Traders depositing in currencies not listed will likely incur conversion fees.

Deposits via the client dashboard/portal are instant. In the unlikely event where your deposit does not reflect immediately, you should contact the broker’s support team to assist in rectifying the error.

Withdrawals for approved client profiles are processed regularly and should reflect within a few hours when banking with FNB, other banks could take up to 24 hours to reflect. There are no limitations on withdrawal amounts.

With regards to deposit security, your funds are secure as Trade245 is a product of Red Pine Capital (PTY) LTD, Johannesburg, South Africa, with company number 2014/220311/07 an authorized financial services provider.

The broker is licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, with FSP No. 46044.

Client funds are held in segregated accounts and therefore cannot be used for any corporate expenses.

The broker also offers negative balance protection, so that clients are not liable for an account that has a negative balance.

Negative balance protection is enabled to correct clients’ accounts to zero automatically. Should your account not reset automatically please contact support to rectify the error.

 

Overall Rating

4.7/5

Rated #73 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSCA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Step by step guide to depositing the minimum amount

 

Funding your account with Trade245 consists of the following steps:

  • Navigate to the Accounts portal on the broker’s website
  • Log in to your account
  • Click on “Fund Account”
  • Select your preferred deposit method
  • Specify the deposit amount
  • Confirm your deposit

 

Pros and Cons

✔️ PROS ❌ CONS
Fast withdrawal Limited deposit currencies
Negative balance protection
No deposit fees
No minimum deposit
No withdrawal fees

 

You might also like: Trade245 Sign up Bonus

You might also like: Trade245 Demo Account

You might also like: Trade245 Fees and Spreads

You might also like: Trade245 Account types

You might also like: Trade245 Islamic Account

 

FAQ’s

 

What is the minimum deposit for Trade245?

There does not appear to be a minimum deposit amount required to open a broker account with Trade245. However, the broker does recommend making a minimum deposit of at least $100 when opening an account to be able to trade effectively.

Traders should also note that there is a minimum amount that can be deposited. Payment via the dashboard/portal allows for a minimum of $5 or R95.

 

How do I make a deposit and withdrawal with Trade245?

Trade245 provides the following popular online deposit and withdrawal methods:

  • Visa/Mastercard
  • Skrill
  • MPesa
  • Ozow

 

Does Trade245 charge withdrawal fees?

No, Trade245 does not charge deposit or withdrawal fees.

 

How long does it take to make a withdrawal?

Withdrawals for approved client profiles are processed regularly and should reflect within a few hours when banking with FNB, other banks could take up to 24 hours to reflect. There are no limitations on withdrawal amounts.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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