Trade246 vs Trade245: Best Forex Trading App or Full Multi-Asset Platform for Indian Traders?

Written ByTrade246

Last UpdatedSeptember 16, 2026

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When it comes to trading, how do you choose the best platform? Is it the one with the highest leverage, or the lowest advertised costs? – Nope! It is the one that fits your “actual trading needs”. 

Trade246 and Trade245 both provide access to Forex and other leveraged markets. However, they differ in terms of market coverage, features, and suitability for Indian traders.

Trade245 is primarily a Forex and CFD trading platform, with access to 500+ instruments and MetaTrader 5. In contrast, Trade246 supports multiple segments and brings together 7 different markets on a single platform. 

Want to choose between the two? Read this article to first learn what Trade246 and Trade245 are. Next, check out the detailed comparison between them on parameters like market access, leverage offered, brokerage costs, security, and more.

What is Trade246?

Trade246 is a multi-asset online trading platform supporting seven different market segments:

• Forex
• NSE trading
• NFO
• Commodities
• Cryptocurrency
• US Stocks, and 
• Indices  

We offer “zero-brokerage” trading and a leverage of up to 500X on selected asset classes. 

Besides, we display live/real-time market data and provide users with:

• Advanced charts (offered in partnership with TradingView)
• 100+ indicators, and
• Professional drawing tools

A trader interested in equities, derivatives, commodities, and international markets can easily manage different types of positions on both the Trade246 app and website. We also provide tools such as Forex, PiP, and margin calculators, along with a “demo account” for practice.

What is Trade245?

Trade245 is a South African forex broker. Potentially, it supports Forex trading alongside CFDs (Contract for Difference) on indices, commodities, stocks, and cryptocurrencies, with more than 500 trading instruments available. 

The platform promotes competitive spreads and offers a leverage of up to 1:500 on its advertised accounts. Also, its users may gain access through MetaTrader 5, mobile trading, and WebTrader.

The account range of Trade246 includes “No Bonus”, “Bonus 300”, and “VIP options”, with features such as:

• Negative balance protection (on all accounts)
• Multiple deposits and withdrawal methods
• Different commission structures.

Unlike Trade246’s broader Indian-market positioning, Trade245’s core proposition is built around leveraged global-market and CFD trading. 

Trade246 vs Trade245: How Do the Platforms Compare?

Trade245 is better understood as a Forex and CFD broker, while Trade246 is a broader “multi-asset” trading platform. Both the trading platforms overlap in areas such as:

• Forex
• Commodities
• Indices
• Cryptocurrency, and
• Leveraged trading

However, if we talk about the primary difference, we, at Trade246, put a greater emphasis on bringing the Indian and international markets under one platform. In contrast, Trade245 potentially centres its offering around Forex and CFDs. 

Need more clarity? Let’s understand in detail how these trading platforms differ:

What To Choose Between Trade246 and Trade245?

The better platform depends on the “breadth of markets” a trader wants to access. Trade245 is primarily built around Forex and CFD trading, whereas Trade246 brings Indian equities, F&O, commodities, and global markets into a single multi-asset platform. 

For a trader who wants to diversify beyond currency pairs and manage different market opportunities from one platform, Trade246 offers the broader proposition. To further make a better choice, check out the points below: 

Trade246 is the All-Rounder! Register Today and Enjoy “Zero Brokerage” Across All Market Segments

So, now you know about both trading platforms, Trade246 and Trade245, their key features, and how they differ. If you are looking to trade multiple asset classes through “one platform”, Trade246 could be a better choice. 

Our multi-asset offering gives traders access to Indian equities, F&O, commodities, Forex, cryptocurrencies, US stocks, and global indices. Beyond market access, we offer “bank-grade security”, with 256-bit encryption, 2FA authentication, and segregated client accounts designed to protect client information and funds. 

Our platform also supports ultra-low-latency order execution and maintains a 99.9% platform uptime. Register with Trade246 today and join 50,000+ active traders!

Trade246 vs Trade245 FAQs

1. Why should I choose Trade246?

Trade246 offers access to multiple asset classes through one platform. You can trade 7 different market segments at zero brokerage and enjoy up to 500X leverage. Our platform supports ultra-low latency order execution and maintains a 99.9% uptime. Register today and explore the platform.

2. What is the difference between MT4 vs MT5?

MT4 and MT5 are both MetaTrader platforms, with “MT5” offering broader market functionality and more advanced trading tools. As per general market understanding: 

• MT4 is primarily designed for Forex trading

whereas,

• MT5 supports a wider range of financial instruments and provides additional order types, timeframes, and analytical features.

3. Is CFD trading legal in India?

In India, CFD trading is not available through SEBI-registered brokers or recognised exchanges such as NSE, BSE, and MCX. Note that SEBI does not list CFDs as an approved exchange-traded product, so domestic brokers cannot offer them as a market segment.

If we talk about “legal alternatives”, Indian traders may instead use Futures and Options (F&O) or other exchange-traded derivatives. (Source: GWCIndia)

4. Does zero brokerage mean trading with Trade246 is completely free?

Zero brokerage does not necessarily mean there are no trading costs. Depending on the product and account, traders may still encounter spreads, swaps, taxes, or other applicable charges. 

5. How safe is trading on Trade246?

Our platform offers bank-grade security and uses 256-bit encryption, two-factor authentication (2FA), and maintains segregated client accounts. Besides, we also have KYC compliance processes to be completed before an account can be opened, and trading can begin on the platform.