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Contract reading

What trade245 legally published, but does not want you to read

Every clause below is published by trade245 itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: RocketX (Pty) Ltd

sole discretionbonus lockdeemed acceptancehidden feemarketing contradictionprofit voidingregulatory contextunilateral amendmentwithdrawalsaccount restrictions

Trade245's homepage promises negative balance protection. Four of its own documents say losses can exceed your deposit and you owe the shortfall. You contract with RocketX (Pty) Ltd, not Trade245. The contract bans trading robots on a MetaTrader 5 platform and lets RocketX void the trades. You get two business days to dispute a trade. No document says how long a withdrawal takes.

Back to trade245

Contract risk

Money at risk
7.2/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
3
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
12
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
15
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
3

How the 12 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical3
Warning7
Notice2

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

2 of these 3 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical13Profit at risk. Jump to the clause this comes from.Trading robots banned, and the resulting trades can be voidedCritical2 working daysTime to complain. Jump to the clause this comes from.Two business days to dispute a trade, then it is binding300%Bonus requirement. Jump to the clause this comes from.A 300% bonus advertised with no bonus terms published

What the documents say

12 clauses worth knowing about, worst first, each quoted from trade245's own files

01

Trade245's homepage promises you negative balance protection, meaning a loss cannot push your account below zero. The agreement you sign says the opposite. Clause 23.1 makes a negative balance your debt, payable to RocketX.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

You can walk away owing RocketX money after your balance runs out. The margin policy says the firm need not step in to protect you, and it keeps full rights of recovery.

Exhibit 1CriticalRarely seen

Any negative balance in the Trading Account arising from or the occurrence of Abnormal Market Conditions shall be for the account of the Client and will be payable by the Client to RocketX upon delivery of a Trading Account statement, indicating such negative balance.
Clause 23.1 in CLIENT AGREEMENT, p.21
Read from the broker's site on Archived copyOpen the reference
Our own capture of trade245.com, taken on Aug 27, 2026The claim, on Homepage, SECURE TRADING panel under WHY TRADERS CHOOSE TRADE245Visit this page on the broker's siteDownload the full size image file
Our own capture of trade245.com, taken on Aug 27, 2026What the contract says, clause 8.2Visit this page on the broker's siteDownload the full size image file
Our own capture of trade245.com, taken on Aug 27, 2026Negative balance protection promised, then denied in the contract (clause 23.1)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU)

Firms licensed by the FCA and CySEC, and others applying ESMA measures, must give retail clients negative balance protection so a client cannot lose more than the account holds. This contract makes the client liable for the shortfall.

trade245 is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingTrading without this protection is common offshore. Naming the protection on the homepage while three other documents deny it is the unusual part. The margin policy gives the denial its own heading: NEGATIVE BALANCE AND LIABILITY.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Maintenance margin breachedRocketX can demand an immediate top up or close your positions without notice.4.2
Margin call issuedYou must respond immediately, and no grace period is implied.7.2
Margin call missedLiquidation can follow immediately.7.3
Balance below zeroYou stay liable for the shortfall and the firm keeps full recovery rights.8.2
  • Worse together with Exhibit 5You can owe money on an account whose payout timetable no document sets.
02

Trade245 runs on MetaTrader 5 and its homepage sells automated trading. Clause 19.1.3 bans Expert Advisors outright, as one of 13 prohibited practices. Clause 19.2 then lets RocketX treat the results as void.

Why this matters

Profit you made with a trading robot can be cancelled after you made it. RocketX decides alone whether your trading counted, and it can unwind the trades with immediate effect.

Exhibit 2CriticalRarely seen13

The use of automated Expert Advisors, or any Expert Advisors: Expert Advisors (EAs) are automated trading systems that execute trades based on predetermined criteria.
Clause 19.1.3 in CLIENT AGREEMENT, p.17
Read from the broker's site on Archived copyOpen the reference
Our own capture of trade245.com, taken on Aug 27, 2026The claim, on Homepage, POWERFUL TRADING PLATFORMS sectionVisit this page on the broker's siteDownload the full size image file
Our own capture of trade245.com, taken on Aug 27, 2026What the contract says, clause 19.1.3Visit this page on the broker's siteDownload the full size image file

Our readingBrokers often restrict robots on bonus accounts or around news events. A flat ban on any Expert Advisor is different, because Expert Advisors are a built in feature of the MetaTrader platform this broker supplies and advertises.

  • Worse together with Exhibit 3The scalping definition widens the same net, so ordinary manual trading can also fall inside the clause that voids trades.
03

You get two business days to query a trade confirmation under clause 32.9.5. Miss it, and clause 32.9.6 deems the confirmation correct and binding on you. Clause 8.8 adds that RocketX need not keep the record of your instructions.

In plain words

A manifest error means an obvious mistake by the broker.

Why this matters

Two business days is the whole window to spot a bad fill and object. After that the number stands, and the firm has no duty to keep the evidence you would need.

Exhibit 4CriticalHarder than usual2 working days

The Client shall promptly review each Transaction Confirmation and notify RocketX in writing of any alleged discrepancy within two (2) Business Days after receipt of the confirmation.
Clause 32.9.5 in CLIENT AGREEMENT, p.34
Read from the broker's site on Archived copyOpen the reference
Our own capture of trade245.com, taken on Aug 27, 2026Two business days to dispute a trade, then it is binding (clause 32.9.5)Visit this page on the broker's siteDownload the full size image file

What it costsA confirmation you receive on Monday must be queried by Wednesday. From Thursday, clause 32.9.6 treats it as correct.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must keep records of client orders and communications for years, and must give retail clients a complaints route rather than a deadline counted in days. This contract shortens the deadline and drops the duty to retain client instructions.

trade245 is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 9A short deadline sits alongside a contract the firm can rewrite by posting a notice on another website.
04

The client agreement runs to 37 pages and never tells you how to withdraw your money or how long it takes. The only withdrawal rules sit in the safety of funds policy, which lets RocketX delay, restrict or refuse a request.

Why this matters

You cannot hold Trade245 to a payout date, because no document names one. The stated grounds for a hold are money laundering and sanctions checks, which are normal, but nothing caps how long a check runs.

Exhibit 5WarningHarder than usual

The Company may delay, restrict, request additional information, or require enhanced verification measures before processing a withdrawal where required under Applicable Law, regulatory instruction, fraud-prevention protocols, sanctions compliance, market-abuse monitoring, or suspicion of money-laundering or illicit-finance activity.
Clause 5.2 in SAFETY OF FUNDS POLICY, p.4
Read from the broker's site on Open the reference
Our own capture of trade245.com, taken on Aug 27, 2026No withdrawal timetable in any published document (clause 5.2)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must pay a retail client's withdrawal promptly and disclose the timetable and charges before the client deposits. These documents set no timetable.

trade245 is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingMost client agreements carry a withdrawal clause with a stated number of days. Here the subject is absent from the contract, though clause 28.4 does promise the credit balance back if the agreement ends.

05

Trade245 advertises a 300% deposit bonus but publishes no bonus terms and conditions. Its own bonus policy lets the firm modify, suspend or withdraw a bonus at any time and without liability.

Why this matters

The cap depends which page you read: R200,000 on the account types page, R30,000 on the homepage. Nothing tells you how much you must trade before the bonus money becomes yours.

Exhibit 7WarningHarder than usual300%

The Company may, at any time and without liability, modify, suspend, or withdraw a Bonus consistent with Applicable Law and this Policy.
Clause 4.2 in BONUS POLICY, p.2
Read from the broker's site on Open the reference
Our own capture of trade245.com, taken on Aug 27, 2026A 300% bonus advertised with no bonus terms published (clause 4.2)Visit this page on the broker's siteDownload the full size image file

What it costsA R1,000 deposit on the Bonus 300 account is advertised to become R4,000 of trading balance: your R1,000 plus R3,000 of bonus.

  • Worse together with Exhibit 8A bonus with no published conditions sits above a policy that can reverse the profit you made with it.
06

RocketX can rewrite your agreement on its own under clause 31.1. Posting the new version on its website counts as telling you, and clause 31.2 makes the change binding from that date.

Why this matters

You are bound by terms you may never see, posted to www.rocketx.io. Clause 32.1 of the same contract says no change is valid unless both sides sign it, so the document argues with itself.

Exhibit 9WarningHarder than usual

by publishing a notice of any amendment on its Website and updating the documents on the Website to reflect the amendment; or,
Clause 31.1.1 in CLIENT AGREEMENT, p.31
Read from the broker's site on Archived copyOpen the reference
Our own capture of trade245.com, taken on Aug 27, 2026Contract rewritten alone, with notice by website posting (clause 31.1.1)Visit this page on the broker's siteDownload the full size image file

Our readingAmendment by website notice is common. Two clauses in one contract setting opposite rules for the same act is not, and neither is naming a domain other than the one you signed up on.

Charges can change on a website you never signed up on

Clause 10.2 lets RocketX change deposit and withdrawal commissions and advertise them on its own website, and makes checking your responsibility. Clause 1.1.22 names that website as www.rocketx.io. Clause 13.3.4 gives the interest earned on your segregated money to the firm.

Cost disclosure1 clause flagged

RocketX can change what it charges you for deposits and withdrawals whenever it chooses. Clause 10.2 says it will advertise the change on its own website, and checking for it is your job.

Why this matters

The website clause 1.1.22 names is www.rocketx.io, not trade245.com, so a new charge can appear on a site you never joined. Interest earned on your segregated money also goes to the firm under clause 13.3.4.

Exhibit 6WarningHarder than usual

RocketX has the discretion to occasionally change the commission received and/or shared for making deposits and/or withdrawal of funds and shall advertise same under the relevant sections of the RocketX website.
Clause 10.2 in CLIENT AGREEMENT, p.11
Read from the broker's site on Archived copyOpen the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must disclose costs and charges to a retail client before the client trades, and tell them when the charges change. Here the duty runs the other way: you must go and look.

trade245 is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 9Both the charges and the contract itself can change by a posting on a domain you have no reason to visit.

Thirteen prohibited practices, and RocketX decides what counts

Clause 19.2 lets RocketX void any trade that results from a practice on its prohibited list, and cancel, close or unwind it immediately. The list bans every Expert Advisor on a MetaTrader 5 platform. The bonus policy separately allows reversal of profits made with bonus money.

Profit at risk1 clause flagged

Profit you make with bonus money can be reversed. The bonus policy lists that among its remedies for what it calls Abuse, and its definition of abuse includes plain hedging.

Why this matters

Hedging is a normal way to cover a position, and here it can cost you the profit. The firm decides what counts as abuse and the policy gives you no appeal.

Exhibit 8WarningHarder than usual

cancellation or reversal of profits derived from Bonus activity
Clause 5.3.2 in BONUS POLICY, p.3
Read from the broker's site on Open the reference

Trade245 can change your contract by posting it elsewhere

Clause 31.2 makes an amendment binding from the day RocketX publishes it, and clause 1.1.22 puts that website at www.rocketx.io rather than trade245.com. Clause 32.1 of the same contract says no change counts unless both sides sign. Closing a trade within 15 minutes also counts as banned scalping.

Shifting terms1 clause flagged

Clause 19.1.1 defines scalping to include closing a position within 15 minutes of opening it. Scalping sits on the prohibited list, so a fast exit can put you in breach.

Why this matters

Cutting a losing trade quickly is ordinary risk management, and here it can be read as a prohibited practice. The clause also says RocketX can hold off and enforce later.

Exhibit 3WarningHarder than usual

Scalping is a trading strategy where the trader engages in frequent transactions, capitalizing on minor price fluctuations, usually targeting an average of 5 pips or less within a 24-hour trading period or in brief timeframes. This approach includes closing a trading position within 15 minutes of its opening.
Clause 19.1.1 in CLIENT AGREEMENT, p.16
Read from the broker's site on Archived copyOpen the reference
Our own capture of trade245.com, taken on Aug 27, 2026The claim, on Account Types page, NO BONUS account cardVisit this page on the broker's siteDownload the full size image file
Our own capture of trade245.com, taken on Aug 27, 2026What the contract says, clause 19.3Visit this page on the broker's siteDownload the full size image file

Four companies, and the one you contract with is RocketX

Clause 1.1.15 names RocketX (Pty) Ltd under FSP licence 52142 as your counterparty, while the FSCA number in the Trade245 footer, FSP 46044, belongs to Red Pine Capital. The footer links to a Privacy Policy and Terms & Conditions that both return a 404 error. The Risk Disclosures that clause 1.1.2 makes part of your agreement are not published on trade245.com.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Who you are dealing with2 clauses flagged

Every page of trade245.com links to a Privacy Policy and to Terms & Conditions. Both links return a 404 error. Parts of the binding agreement are missing too.

Why this matters

Clause 1.1.2 makes the Risk Disclosures part of your agreement, and we could not find them. The margin policy also points to a Product Disclosure Statement that is not published.

Exhibit 12WarningHarder than usual

“Agreement” means this agreement, together with all annexures thereto, if any, the Application, and all Risk Disclosures located on RocketX’s website;
Clause 1.1.2 in CLIENT AGREEMENT, p.2
Read from the broker's site on Archived copyOpen the reference

Your agreement is with RocketX (Pty) Ltd, a name that is not on the site you joined. Trade245 Global supplies the platform as a juristic representative of Red Pine Capital, and RocketX issues the CFDs.

Why this matters

Any claim about a trade runs against RocketX under FSP licence 52142. The FSCA number in the Trade245 footer, FSP 46044, belongs to Red Pine Capital instead.

Exhibit 11NoticeHarder than usual

“RocketX”, “we”, “us” or “our” means RocketX (Pty) Ltd with registration number 2020/824856/07, an authorised ODP, with ODP license and financial services provider (“FSP”) with FSP license number 52142;
Clause 1.1.15 in CLIENT AGREEMENT, p.3
Read from the broker's site on Archived copyOpen the reference

RocketX writes down that it earns from client losses

Clause 10.1.5 of the client agreement records that RocketX revenue is derived from client net losses. Clause 10.1.4 adds that it earns whether the client profits or loses. RocketX is also the counterparty and the source of the prices, which the Trade245 marketing does not mention.

Whose side1 clause flagged

RocketX takes the other side of your trades. Clause 10.1.5 records that its revenue is derived from client net losses, and clause 10.1.4 says it earns whether you win or lose.

Why this matters

When you lose, your counterparty gains, and it also sets the prices you trade on. The contract admits this in plain words, which is more than many brokers put in writing.

Exhibit 10NoticeStandard wording

For the avoidance of any doubt, revenue is derived from the Client’s net losses in terms of RocketX’s prevailing ODP license conditions.
Clause 10.1.5 in CLIENT AGREEMENT, p.11
Read from the broker's site on Archived copyOpen the reference

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The homepage names negative balance protection as a feature, and the margin policy makes you liable for the shortfall.

Said in public, in English

Your funds are protected with segregated accounts, negative balance protection, and FSCA regulation (FSP No. 46044).

Homepage, SECURE TRADING panel under WHY TRADERS CHOOSE TRADE245

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of trade245.com

In the contract · clause 8.2

The Client indemnifies the Company for negative balances and remains liable for shortfalls arising from trading activity, liquidation, gapping or illiquid conditions.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of trade245.com

02

Automated trading is sold on the homepage and banned as a prohibited practice in the contract.

Said in public, in English

Access advanced charting, automated trading, and real-time market data.

Homepage, POWERFUL TRADING PLATFORMS section

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of trade245.com

In the contract · clause 19.1.3

The use of automated Expert Advisors, or any Expert Advisors: Expert Advisors (EAs) are automated trading systems that execute trades based on predetermined criteria.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of trade245.com

03

The account card promises no restrictions above a contract listing 13 prohibited practices, each a material breach.

Said in public, in English

Clean account, no restrictions

Account Types page, NO BONUS account card

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of trade245.com

In the contract · clause 19.3

For the avoidance of doubt, any prohibited trading practices committed by the Client in Clause 19.1 of this Agreement will constitute a material breach of this Agreement.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of trade245.com

What changed quietly

First reading of Trade245, so there is no earlier WIKILIX review to compare it against.

  • REMOVEDClause · 2025-12-10 to 2026-08-27

    The legal shelf listed a POPI Policy in December 2025 and no longer lists one.

  • REMOVEDClause · 2025-12-10 to 2026-08-27

    Copy trading was offered as an account type in December 2025 and has since gone, along with the gap of having no copy trading terms.

  • ADDEDClause · 2025-12-10 to 2026-08-27

    A complaints policy naming the FAIS Ombud has been added since December 2025, which is a real improvement for clients.

    Complaints Policy

The documents this reading is based on

15 files, all published by trade245. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording trade245 publishes.

How this reading was done

Every clause above was read out of a document trade245 publishes itself

This reading was published on .

Documents
7 of 15downloaded from the broker's site, and 7 read in full
Pages opened
23pages walked to find those documents, footer links included
Older copies
1earlier versions downloaded
Marketing pages
9public pages set against what the contract says

Who the contract is with

RocketX (Pty) Ltd

Four companies appear and the documents settle which one you contract with. The client agreement is headed as entered into between ROCKETX (PTY) LTD and THE CLIENT, and clause 1.1.15 gives RocketX registration number 2020/824856/07 and FSP licence 52142. Trade245 Global (Pty) Ltd is a juristic representative of Red Pine Capital (Pty) Ltd under FSP 46044 and supplies the platform rather than the trade. Trade245 (Pty) Ltd is a third company and owns the complaints policy. So the FSCA number in the site footer, FSP 46044, belongs to Red Pine Capital, while the firm on the other side of your trades holds FSP 52142. Clause 1.1.22 defines the contract's Website as www.rocketx.io, which we opened: a separate broker brand run by the same counterparty, advertising 1:1000 leverage where trade245.com advertises 1:500. No compensation scheme is named in any document we read.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

Trade245 publishes 14 legal documents on one page, each with a viewer and a download link. Most brokers publish less. The complaints policy is the best document in the set: complaints are free to submit, escalation is free and reviewed by a senior impartial person, and the FAIS Ombud is named with its address and phone number. The safety of funds policy commits to daily reconciliation of client money and a statutory trust. The R40,000 giveaway terms are free to enter and require no deposit or trade. Every account card discloses that overnight swap fees apply.

We read six of the 14 PDFs end to end: the client agreement, the bonus policy, the complaints policy, the margin policy, the safety of funds policy and the R40,000 giveaway terms. We read them through the document viewer on Trade245's own legal page, and every quotation credited to them comes from there. We did not read the anti money laundering policy, the CFD futures and indices policy, the cookie policy, the FAIS disclosure, the order execution policy, the privacy policy PDF, the risk policy or the treasure policy. The Privacy Policy and Terms & Conditions links in the site footer both return a 404 error, which we checked ourselves. Clause 1.1.2 makes the Risk Disclosures part of the agreement and the margin policy points to a Product Disclosure Statement: neither is published on trade245.com. The legal page builds its document list with scripts, so a plain read of that page finds only a fraction of what it holds.

How to check any of this yourself

Every quote above links to the trade245 file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document trade245 publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge trade245 on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Aug 27, 2026.

If you represent trade245 and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on trade245. Whether its licence is real and current is a separate check on the broker profile.

Back to the trade245 profile