If you’re ready to explore the world of forex trading, the first step is creating a trading account.
Opening a forex account with Trade245 is quick, free, and fully online — whether you’re using your phone or computer.
In this post, we’ll show you exactly how to open your forex account in just a few steps.
What You Need to Open a Forex Account
To open a forex trading account on Trade245, you’ll need:
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A valid email address
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A copy of your ID or passport
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A proof of residence (such as a utility bill or bank statement)
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A bank statement or confirmation letter (for withdrawals)
These are required for FICA compliance and to keep your account safe and verified.
ALSO READ: List of Documents Needed to Withdraw on Trade245
Step-by-Step: How to Open a Forex Account on Trade245
1. Visit the Trade245 Website
Go to www.trade245.com and click “Register” or “Create Account” at the top right.
2. Fill in Your Details
Enter your name, email, mobile number, and create a secure password.
3. Verify Your Email
Check your inbox and click the verification link we send you.
4. Log in to Your Dashboard
Once verified, log in to your Trade245 profile at my.trade245.com.
5. Submit Your Documents
To unlock full access (including withdrawals), upload:
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A clear photo of your ID/passport
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A bank statement or confirmation letter (dated within 3 months)
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Proof of address (must show your name and address)
6. Create a Trading Account
Once inside your dashboard:
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Click on Trading Accounts
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Select Open New Trading Account
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Choose between MT4 or MT5
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Pick your preferred account type (Bonus, Zero Spread, Swap-Free, etc.)
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Select your leverage and base currency (ZAR, USD, USC)
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Submit your request
That’s it — your trading account will be created instantly!
Do I Need to Deposit Right Away?
No. You can first test our demo account, which lets you practise without using real money.
But if you’re ready to go live, you can deposit from as little as R50 using trusted payment options like:
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Ozow
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Capitec Pay
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Peach Payments
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Skrill
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Neteller
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Crypto (LetKnowPay)
- More options available
Download the App
Trade on the go with the Trade245 app, available now on:
You’ll also be able to trade using MetaTrader 4 or 5, available for mobile and desktop.
Open a Forex Account in SA
Opening a forex account doesn’t have to be complicated.
At Trade245, we’ve made the process simple and fast so that you can focus on learning, trading, and growing.
Whether you’re brand new to trading or looking for a better broker, we’re here to support you at every step.
👉 Ready to get started? Register your account and start your forex journey today.
