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    2-5 years
    Suspicious Regulatory License
    MT4/5 full license
    Regional Brokers


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    Financial Sector  Conduct  Authority

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    FSCA Suspicious Clone


    • Company Name:

      Purple Group Limited
    • Company Abbreviation:

    • Place of registration:

      GT247.comSouth Africa
    • Regulatory Status:

      Suspicious Clone
    • Customer Service Email Address:

    • Customer Service Phone Number:

      +27 87 940 6101
    • Company summary

      GT247 is an online Forex and CFD brokerage firm operating since 1998 and headquartered in Johannesburg, South Africa. GT247 offers investors access to over 250 trading instruments through its powerful MT5 trading platform. GT247 is a subsidiary of Purple Group Ltd regulated by the South African Financial Sector Conduct Authority (Regulatory Number: 46315). About More
    Pyramid scheme complaint

    WikiFX APP!

    Global Forex Broker Regulatory Inquiry APP!

    Warning: Low score, please stay away!

    Previous Detection: 2021.04.22 Risk: 2 Item

    • It has been verified that this broker currently has no valid regulatory, please be aware of the risk!
    • The South AfricaFSCA regulatory (license number: 46315) claimed by this broker is a suspicious clone, please be aware of the risk!

    WikiFX Verification

    • Exhibition Area

    • Survey

    • MT4/5

    • Website

    • Genealogy

    • Clones

    • Keywords

    • Time Machine

    • Score


    • Delivery Index

    • Market Analysis

    • Material Delivery

    • Brand Launch

    • Search Source

    • Language

    Last Updated Time 2021-04
    Financial Sector  Conduct  Authority

    Financial Sector Conduct Authority (FSCA)

    The Financial Sector Conduct Authority (FSCA) is the market conduct regulator of financial institutions, that provide financial products and financial services, financial institutions that are licensed in terms of a financial sector law, including banks, insurers, retirement funds and administrators, and market infrastructures. The FSCA is responsible for market conduct regulation and supervision. FSCA aims to enhance and support the efficiency and integrity of financial markets and to protect financial customers by promoting their fair treatment by financial institutions, as well as providing financial customers with financial education. The FSCA will further assist in maintaining financial stability.

    • Licensed Institution :


      Effective Date :

    • Email Address of Licensed Institution :


      License Type:

      No Sharing
    • Website of Licensed Institution :


      Expiry Date :

    • Address of Licensed Institution :


      Phone Number of Licensed Institution :

      010 014 2101
    • Licensed Institution Certified Documents :

      GT247.com FSCA牌照信息--20190419 View Certified Documents GT247.com FSCA 20200227 View Certified Documents GT247.COM FSCA 监管 2020.09.10 View Certified Documents GT247-FSCA牌照2000424 View Certified Documents GT247.com FSCA牌照信息2--20190419 View Certified Documents

    GT247.com · MT4/5

    Identification Result

      GT247.com · Website

      Most visited countries/areas

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          GT247.com· Genealogy

          GT247.com · Clones

          GT247.com · Market Analysis

          The data are from WIKI Research    2021.04.22 updated

          WikiFX prompts you

          This broker's score is relatively low.

          Please choose wisely! Please avoid unnecessary loss

          GT247.com · Survey×

          Special Note


          1.pngWikiFX only provides the legal URL of the platform published by the regulatory website.

          1.pngWikiFX will not disclose your personal information to third parties.

          1.pngIn order to prevent users from being spoofed by phishing websites, fake URLs or domain name hijackings, WikiFX doesnt provide the content though this app.

          1.pngThe use of any service by the client through the official website access channel provided by WikiFX is a personal behavior. Please ensure that you have undergone sufficient preparation and risk management before use.



          Alternate Text

          Data Sources WikiResearch 2021.04.22 Update


          Data Sources WikiResearch 2021.04.22 Update

          GT247.com · Chart

          Insufficient data samples

          Rank by user activity which is calculated by the number of customers with trading operations of the broker within the stat period
          Data provided by VPS
          富拓 · 外链汇总

          Insufficient data samples,Browsing is not supported temporarily

          Alternate Text

          Data Sources WikiResearch 2021.04.22 Update

          WikiFX·pyramid scheme complaint
          1  Know about pyramid scheme  >
          2  Pyramid scheme complaint   >
          3  Done
          1. What is pyramid scheme complaint?
          With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
          2. 10 Features of Pyramid Scheme
          High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
          Report immediately
          Report This Platform
          * Contact number
          *Enter your phone number
          *Reporting Reasons

          *Enter your reason
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          Submit successfully!

          You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

          GT247.com · Company summary

            Basic Information & Regulation of GT247

            GT247 is an online Forex and CFD brokerage firm operating since 1998 and headquartered in Johannesburg, South Africa. GT247 offers investors access to over 250 trading instruments through its powerful MT5 trading platform. GT247 is a subsidiary of Purple Group Ltd regulated by the South African Financial Sector Conduct Authority (Regulatory Number: 46315).

            Safety Analysis of GT247

            GT247 claims to be regulated by the FSCA in South Africa. However, in reality, it is its parent company Purple Group Ltd that is regulated, and GT247 itself is not regulated in any way, which means that the safety of clients' funds and trading activities on the GT247 platform are not actually protected. Therefore, it is best for investors to stay away from this GT247 brokerage firm.

            Markets Instruments of GT247

            Investors can trade over 250 financial instruments on the GT247 platform, mainly Forex currency pairs, indices, stocks, commodities, cryptocurrencies, and CFDs.

            Accounts & Leverage

            GT247 only offers investors a standard account with a minimum deposit of $1 and maximum trading leverage of 1:80.

            Spreads & Fees of GT247

            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 charges a monthly fee of $10 for inactive accounts that have not traded within 12 months.

            Trading Platforms Available of GT247

            GT247 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 MT5 is available for desktop, web, and mobile app versions.

            Deposit and withdrawal

            GT247 supports traders to withdraw and deposit funds to their investment accounts via bank transfer, credit/debit cards.

            Pros & Cons of GT247

            The main advantages of gt247 are:

            1. Wide range of trading instruments

            2. MT5 trading platform

            3. Availability of demo accounts

            4. No minimum deposit limits

            5. Free educational resources and tools

            The main disadvantages of gt247 are:

            1. Not subject to any regulation

            2. One type of account only

            3. High spreads

            4. Fewer options to deposit and withdraw funds

          Risk Warning

          The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

          Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

          Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

          Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.