Home/ Best Forex Brokers in South Africa/ GT247

GT247 Review

Author By Jeffrey Cammack Author Information Updated: October 27, 2020
Overall Rating
3.13 3.13 / 5
Min. Deposit
USD 0
Max. Leverage
80:1
Min. Spread
10 pips
Regulators
FSCA
Regulator Origin
Trading Desk Type
Market Maker
AlertN/A of retail investor accounts lose money when trading CFDs with this provider

Summary

Reviews

Regulation
111003/ 5
Trading Conditions
111003/ 5
Trading Platforms
111104/ 5
Deposit & Withdrawal
110.5002.5/ 5
Education & Research
10.50001.5/ 5
Assets Available
111104/ 5
Customer Service
1110.503.5/ 5
Beginner Friendly
Poor
Bonuses
None

Trading Conditions

Min. Deposit
USD 0
Base Currencies
ZAR, USD
Fx Pairs
65
Hedging Allowed
Yes
Scalping Allowed
Yes
Swap Free Accounts
Yes

Average Spreads

Euro/USD
10
GBP/USD
10
USD/JPY
10

Company Details

Company Name
GT247 (Pty) Ltd
Founded
2000
Website
Type
Market Maker
Regulators
FSCA
Office Locations
South Africa

Deposit & Withdrawal Methods

Supported Platforms for GT247

AvaTrade Banner
FXTM Banner
Blackstone welcome bonus
HotForex
Visit Broker Open Account
AlertN/A of retail investor accounts lose money when trading CFDs with this provider
Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
1110.503.13/ 5
USD 0
Market Maker
Forex, Indicies, Commodities, Cryptocurrencies
65
5
  • Low minimum deposit
  • Limited demo account
  • No swap-free account option
  • Limited account options
111003/ 5
111003/ 5
111104/ 5
110.5002.5/ 5
10.50001.5/ 5
111104/ 5
1110.503.5/ 5
N/A of retail investor accounts lose money when trading CFDs with this provider
80:1
10 pips
Yes
Yes
Yes
MT5
Bank Transfer, Visa, Mastercard, Skrill
Fees Included in Spread
1110.503.33/ 5
USD 200
Market Maker
Commodities, Cryptocurrencies, Forex, Equities
47
16
  • Well regulated
  • Good for beginners
  • Innovative trading tools
  • Limited education
  • Wide spreads
11110.54.5/ 5
110.5002.5/ 5
111104/ 5
110002/ 5
10.50001.5/ 5
111104/ 5
111104/ 5
62% of retail investor accounts lose money when trading CFDs with this provider
400:1
1.0 pips
Yes
Yes
Professional, Standard
Yes
etoro
Mastercard, Neteller, Skrill, Paypal
Fees Included in Spread
1110.503.24/ 5
USD 500
Market Maker
Commodities, Forex, Equities, ETFs
48
0
  • Good range of accounts
  • Wide range of assets
  • Wide spreads
  • Limited education
  • Limited market analysis
  • High minimum deposit
1110.503.5/ 5
110002/ 5
111104/ 5
11110.54.5/ 5
10.50001.5/ 5
11110.54.5/ 5
111003/ 5
67.95% of retail investor accounts lose money when trading CFDs with this provider
400:1
1.8 pips
Yes
Yes
Gold, Islamic, Mini, Platinum
Yes
MT4, Sirix
Mastercard, Maestro, Skrill, Neteller
Fees Included in Spread
Find An Approved Broker
AlertN/A of retail investor accounts lose money when trading CFDs with this provider

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