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/10

GT247.com

South Africa|5-10 years|
Regulated in South Africa|Financial Service Corporate|MT4/5 full license|Regional Brokers|Suspicious Overrun|Medium potential risk|

https://www.gt247.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

GT247-LIVE

South Africa
MT5
1

Influence

C

Influence index NO.1

South Africa 3.56

MT4/5 Identification

MT4/5 Identification

Full License

1
Server Name
GT247-LIVE MT5
Server Location South Africa

Influence

Influence

C

Influence index NO.1

South Africa 3.56

Surpassed 75.54% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+27 010 141 2201
supportdesk@gt247.com
https://www.gt247.com/
25 Owl Street 16th Floor Braamfontein Werf 2196

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+27 010 141 2201

Broker Information

More

Company Name

Purple Group Limited

Company Abbreviation

GT247.com

Platform registered country and region

South Africa

Company website
Twitter
Facebook
Linkedin

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-28
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 46315)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

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GT247.com · Company Summary

Company Summary

Company profile

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

News

WIKIFX REPORT: Purple Group targets growth opportunities amid strong results

NewsWIKIFX REPORT: Purple Group targets growth opportunities amid strong results

2022-08-29 14:27

Financial services and technology company Purple Group on Monday (11 April) reported a 36% increase in revenue for the six months ended February 2022, to R137 million.

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2022-08-29 14:27
News
WIKIFX REPORT: Purple Group targets growth opportunities amid strong results
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User Reviews

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5

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星流
more than one year
This company doesn't have any reliable regulatory license... I don't think it's worth trading with it, no matter how good it is on the Internet. A regulatory license is the most basic requirement, isn't it?
2023-02-17 16:01
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0
0
FX1211224704
more than one year
I used this broker one year ago, no minimum deposit, leverage up to 1:80. Everything was ok then, and one thing I have to say is that its MT5 trading platform always lost connection…
2023-02-16 17:35
Reply
0
0
FX1050626933
more than one year
Security is the most important thing when I choose a broker. What's the point of having other trade terms if you've been scammed out of your money? Therefore, I would not choose to trade with GT247.com, because wikifx shows that your license does not allow you to perform these financial services.
2022-11-27 11:10
Reply
0
0
杜佳伟
more than one year
Various fees are quite unfriendly for beginners although there is no minimum deposit requirement is very good. The EUR/USD spread was floating around 2.5 pips on demo accounts, which is uncompetitive, especially compared with other brokers who offer raw spreads. Also, a monthly fee of $10 for inactive accounts that have not traded within 12 months will be charged. For novices like us, it is very likely that we opened an account casually on a broker's platform and then changed to another broker f
2022-11-24 17:29
Reply
0
0
朱超
more than one year
This platform seems friendly to traders, with no minimum deposit required, no monthly fee, yet it is not strictly regulated, so I decide that I will not risk my money here.
2022-11-24 13:50
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0
0
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