Home/ Best Forex Brokers in South Africa/ GT247

GT247 Review

Author By Jeffrey Cammack
Updated: May 26, 2020
Overall Rating
3.13 3.13 / 5
Min. Deposit
USD 0
Regulators
FSCA
Trading Desk
Market Maker
Trading Cost
USD 110
Website Language: English
English
Support Language: English
English
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

Account Information

Base Currencies
ZAR, USD
Number of FX Pairs
65
Copy Trading
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Account
No

Trading Conditions

Min. Spread
10
Commission
Fees Included in Spread
EUR/USD
10.0
GBP/USD
10.0
USD/JPY
10.0
Max. Leverage
80:1

Company Details

Company Name
GT247 (Pty) Ltd
Founded
2000
Website
Office Locations
South Africa

Deposit & Withdrawal Methods

Supported Platforms for GT247

AvaTrade Banner
Blackstone welcome bonus
HotForex
Visit Broker Open Account
AlertN/A of retail investor accounts lose money when trading CFDs with this provider
Scroll for more detailsPreviousNext
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
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
No
Fees Included in Spread
1110.503.63/ 5
USD 200
52
99
  • Well regulated
  • Good for beginners
  • Innovative trading tools
  • Limited education
  • Wide spreads
11110.54.5/ 5
111104/ 5
111104/ 5
110002/ 5
10.50001.5/ 5
111104/ 5
111104/ 5
75% of retail investor accounts lose money when trading CFDs with this provider
30:1
1 pips
Yes
No
Yes
Fees Included in Spread
1110.503.38/ 5
USD 250
47
4
  • Good for beginners
  • Great customer support
  • Copy trading accounts
  • Expensive withdrawals
  • Local regulation only
111003/ 5
110.5002.5/ 5
111104/ 5
111003/ 5
1110.503.5/ 5
111104/ 5
11110.54.5/ 5
73% of retail investor accounts lose money when trading CFDs with this provider
200:1
1.50 pips
Yes
Yes
Yes
Fees Included in Spread
Find An Approved Broker
AlertTradeForexSA does NOT recommend GT247 due to unfairly high trading costs. We suggest you continue your search using our approved brokers list.

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