Abstract:GT247 (Pty) Ltd t/a GT247.com is a subsidiary and a juristic representative of Purple Group Limited, an authorised Financial Services Provider by the Financial Sector Conduct Authority (FSCA) of South Africa, FSP License No. 46315. GT247.com offers over 250 financial instruments through famous MT5 trading platform. GT247.com does not offer its online trading services to residents of the USA
General Information & Regulation
GT247 (Pty) Ltd t/a GT247.com is a subsidiary and a juristic representative of Purple Group Limited, an authorised Financial Services Provider by the Financial Sector Conduct Authority (FSCA) of South Africa, FSP License No. 46315. GT247.com offers over 250 financial instruments through famous MT5 trading platform. GT247.com does not offer its online trading services to residents of the USA
Markets Instruments
Investors can trade over 250 financial instruments on the GT247 platform, including forex currency pairs, indices, stocks, commodities, cryptocurrencies, and CFDs.
Minimum Deposit
GT247.com only offers investors a standard account, with a minimum deposit of $1.
GT247.com Leverage
In terms of trading leverage, and maximum trading leverage offered by GT247.com is up to 1:80. Professional traders may think this leverage level is a little conservative, however, inexperienced traders are not advised to use such high leverage in case of heavy fund losses.
Spreads & Commissions
After testing on a demo account, the spread on EURUSD is 2.3 pips to 2.4 pips, much higher than the industry standard. Additionally, GT247.com charges a monthly fee of $10 for inactive accounts that have not traded within 12 months.
Trading Platforms
GT247.com offers investors the most advanced MT5 trading platform, which not only contains all the positive features of MT4 but also equipped with some new features, such as charts of up to 100 different instruments displayed simultaneously, three chart types displayed in up to 21 time-frames. Besides, it also supports the building of automated trading strategies through EA's with the MQL5 programming language and the ability to copy the trading of other seasoned traders. GT247.com MT5 is available for desktop, web, and mobile app versions.
Deposit & Withdrawal
GT247.com supports traders to withdraw and deposit funds to their investment accounts via bank transfer, credit/debit cards.
GT247.com Disadvantages Include:
1. Not subject to any regulation
2. One type of account only
3. High spreads
4. Fewer options to deposit and withdraw funds
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.