GT247.com at a glance
GT247.com is a South African online trading platform operated by EasyTrader (Pty) Ltd. It provides leveraged trading in forex, commodities, indices, cryptocurrencies and selected equity CFDs. EasyTrader is licensed as an over-the-counter derivatives provider under ODP 43 and operates as a juristic representative of Purple Group Limited, an authorised financial services provider under FSP 46315.
GT247.com reports a founding year of 2017 and a head office in Johannesburg, South Africa. It lists 3 regulators and 3 trading platforms.
BrokerBazaar verdict
GT247.com is a South African leveraged trading platform operated by EasyTrader (Pty) Ltd. It is identified as an over-the-counter derivatives provider under ODP 43 and operates as a juristic representative of Purple Group Limited, which holds FSP 46315. The platform provides access to forex, commodities, indices, cryptocurrencies and selected equity CFDs. GT247 states that spreads are incorporated into bid and offer prices, while leverage and margin requirements are determined at the instrument level. The primary risk arises from the leveraged CFD structure. GT247 itself warns that losses can exceed the initial capital invested. The platform is primarily intended for South African residents, and no additional separately regulated GT247 entity outside South Africa was verified.
Legal entities, regulation and licences
GT247.com operates through 2 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by no regulator we could map to a public register.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
GT247.com states that it accepts clients from South Africa. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: Forex, Commodities, Indices, Cryptocurrencies, JSE Equity CFDs, Index Futures. Platforms: MT5, Future Trader, EQ Trader. Account types: ZAR Account, USD Account, ZAR FREE Account, Demo Account.
Best-for tags assigned by our team: Forex Trading, CFD Trading, South African Traders, JSE Equity CFDs, Index Trading, Commodity Trading, Crypto CFDs.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is NOT VERIFIED. Spreads start from From 1 point and commission is GT247.com states that spreads…. Maximum leverage is NOT VERIFIED, subject to the cap of the entity that holds your account.
Swap-free / Islamic account: not specified. Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: EFT, Credit Card, Bank Transfer. Withdrawal methods: Bank Transfer.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Not specified. Scalping allowed: Not specified. Algorithmic trading allowed: Not specified. News trading allowed: Not specified. Hedging: not specified.
Client-money rules follow the regulator of the entity that holds your account. Check that regulator's rules on its register.
Complaints and dispute process
Formal complaints: supportdesk@gt247.com. Phone: +27 10 141 2201. GT247 provides a dedicated complaints procedure document through its official support portal. The current document list confirms the availability of the complaints process, but the complete escalation timelines and applicable ombud details should be verified from the latest PDF before entering them as fixed database values. Complaint Procedure is : https://resources.gt247.com/GT247_ComplaintsProcess.pdf
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: FSCA-authorised OTC derivatives provider
- Strength: ODP licence 43
- Strength: Associated with Purple Group Limited
- Strength: Purple Group FSP 46315
- Strength: South African trading platform
- Strength: Forex, indices and commodity CFDs
- Strength: Cryptocurrency trading
- Strength: JSE equity CFDs
- Strength: Index futures
- Strength: MT5 availability
- Strength: Future Trader platform
- Strength: EQ Trader platform
- Strength: Spreads built into bid/offer prices
- Strength: No additional trade commission stated
- Strength: ZAR and USD account options
- Strength: Product Navigator for margin and leverage information
- Strength: Segregated customer funds stated in company disclosures
- Strength: Telephone trading support
- Strength: Dedicated support portal
- Limitation: Minimum deposit not independently verified
- Limitation: Maximum leverage not independently verified
- Limitation: CFDs are high-risk leveraged products
- Limitation: Losses can exceed initial capital
- Limitation: Primarily targeted at South African residents
- Limitation: No international regulatory entity verified
- Limitation: No conventional share ownership
- Limitation: JSE equity CFDs require separate activation
- Limitation: JSE live-price fees apply to relevant users
- Limitation: Trading costs vary by instrument
- Limitation: Funding and overnight charges may apply
- Limitation: Limited independent public review data
- Limitation: Some older cost-profile documents may be outdated
Who this broker suits, and who it does not
GT247.com is most relevant to traders looking for: Forex Trading, CFD Trading, South African Traders, JSE Equity CFDs, Index Trading, Commodity Trading, Crypto CFDs.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
GT247.com change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for GT247.com yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about GT247.com
Data sources. Broker submission, the regulator registers linked above, web-archive and domain records, and third-party traffic data. No independent licence check date is recorded yet. External ratings: Trustpilot 2.9/5; WikiFX 1.75/10; Hellopeter 1.5/5; Apple App Store N/A/5; Google Play Store N/A/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We may receive a referral fee if you open an account with GT247.com through our links; this never affects scores or verification. How we make money. Trading leveraged products carries a high risk of loss.