245Trades

245Trades presents itself as a legitimate trading platform, but the evidence tells a different story. Here is what our review of 245Trades uncovered.

Who is 245Trades?

245Trades markets itself as an online trading and investment service. Its public site is presented at https://www.245trades.com/. As with most operations of this kind, the polished front end conceals a lack of the basic protections a real, regulated broker is required to provide.

Is 245Trades regulated?

We could find no evidence that 245Trades holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.

Red flags we identified

• Aggressive “account managers” coaching clients to deposit
• Offshore or shell-company registration used to avoid oversight
• No verifiable licence from a recognised financial regulator
• Unrealistic profit claims and pressure to deposit more
• Opaque or anonymous corporate ownership

Our analysis

On 19 December 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that 245Trades was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/245trades

Can you recover money lost to 245Trades?

If you have deposited with 245Trades, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.