Reported as a scam / unregulated
Why Trade245 is on the register
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 ZumaMarkets is 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.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.