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GT247 Broker Review

Author Author:  Jeffrey Cammack Published: May 26, 2020
Editor Editor:  Chris Cammack Updated: May 26, 2020

Last Updated On May 26, 2020

Jeffrey Cammack
Broker Score
3.13 3.13 / 5
🏦  Min. DepositUSD 1
🛡️  Regulated By
💵  Trading Cost 
USD 110
⚖️  Max. Leverage80:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
AlertMost retail CFD accounts lose money. Your capital is at risk.

Last Updated On May 26, 2020

Jeffrey Cammack

75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.


Forex trading in India is illegal for non-professional traders, and the Securities Board of India (SEBI) tightly regulates professional Forex trading due to concerns over capital flight. Most Indian Forex traders use foreign “offshore” Forex brokers and fund their trading via online payment providers. For more information, click here.

Our verdict on GT247

🏦  Min. DepositUSD 1
🛡️  Regulated By
💵  Trading Cost 
USD 110
⚖️  Max. Leverage80:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Overall Summary

Trust Rating
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
Welcome Bonus

Account Information

Base Currencies
ZAR, USD
Number of FX Pairs
65
Crypto Pairs
4
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Account Name
Trading Desk
Commission
Fees Included in Spread
EUR/USD
10.00 pips
GBP/USD
10.00 pips
USD/JPY
10.00 pips
Negative Balance Protection

Company Details

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

Pros

  • Low minimum deposit

Cons

  • Limited demo account
  • No swap-free account option
  • Limited account options
AlertMost retail CFD accounts lose money. Your capital is at risk.
Find An Approved Broker
Broker Score
3.13 3.13  / 5
Site Icon Data provided by FxScouts

GT247 Financial Regulation

Regulator License
Regulator License

GT247 Trading Cost Comparison

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