{"id":1000,"date":"2020-01-08T20:12:59","date_gmt":"2020-01-08T18:12:59","guid":{"rendered":"https:\/\/www.24forex.co.za\/?page_id=1000"},"modified":"2021-04-28T09:36:48","modified_gmt":"2021-04-28T07:36:48","slug":"gt247","status":"publish","type":"page","link":"https:\/\/www.24forex.co.za\/forex-trading-reviews\/gt247\/","title":{"rendered":"GT247 review – Is gt247.com scam or good forex broker?"},"content":{"rendered":"

\"gt247\"<\/p>\n

GT247 may be a South African broker (regulated by the local Financial Sector Conduct Authority (FSCA), which offers a variety of forex pairs and other CFDs<\/a>n the MetaTrader5 platform. For information about their trading conditions you’ll check the subsequent review<\/p>\n

<\/span>Regulated in South Africa<\/span><\/h2>\n

The Financial Sector Conduct Authority (FSCA) of South Africa became the successor of the local Financial Services Board (FSB) back in 2018. It oversees the non banking financial sector and in contrast to some documented financial watchdogs just like the Financial Conduct Authority (FCA) within the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC) imposes relatively few limitations on the brokers it oversees. Still the South African regulator features a good reputation which is that the reason we accept GT247 as a reliable broker.<\/p>\n

<\/span>The Best Forex trading SA websites<\/span><\/h2>\n
\r\n\r\n\r\n\r\n
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\r\n
\r\n \"Deriv <\/div>\r\n
\r\n

<\/span>Deriv<\/span><\/h2>\r\n
\r\n <\/i> 4.5\r\n <\/div>\r\n <\/div>\r\n
\r\n Demo account<\/span>\r\n <\/i>Yes<\/span>\r\n <\/div>\r\n
\r\n Minimum deposit<\/span>\r\n $50<\/span>\r\n <\/div>\r\n
\r\n Minimum Deposit: $50\r\n <\/div>\r\n
\r\n \r\n Review<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n Open account<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n Deriv is an offshore broker offering both binary options and standard forex and CFD trading<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n\r\n
\r\n
\r\n
\r\n
\r\n \"Binomo <\/div>\r\n
\r\n

<\/span>Binomo<\/span><\/h2>\r\n
\r\n <\/i> 4.9\r\n <\/div>\r\n <\/div>\r\n
\r\n Demo account<\/span>\r\n <\/i>Yes<\/span>\r\n <\/div>\r\n
\r\n Minimum deposit<\/span>\r\n $10<\/span>\r\n <\/div>\r\n
\r\n Minimum Deposit: $10\r\n <\/div>\r\n
\r\n \r\n Review<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n Open account<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n Operational since 2014, Binomo may be a CROFR regulated binary broker which offers service packages for all kinds of monetary traders.<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n\r\n
\r\n
\r\n
\r\n
\r\n \"Exness\" <\/div>\r\n
\r\n

<\/span>Exness<\/span><\/h2>\r\n
\r\n <\/i> 5\r\n <\/div>\r\n <\/div>\r\n
\r\n Demo account<\/span>\r\n <\/i>Yes<\/span>\r\n <\/div>\r\n
\r\n Minimum deposit<\/span>\r\n $ 150<\/span>\r\n <\/div>\r\n
\r\n Minimum deposit: $ 150\r\n <\/div>\r\n
\r\n \r\n Review<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n Open account<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n Exness is FSCA & FCA regulated, which are 2 Top Tier regulators, so we consider them to be safe.<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n\r\n
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\r\n
\r\n \"Quotex <\/div>\r\n
\r\n

<\/span>Quotex<\/span><\/h2>\r\n
\r\n <\/i> 4.5\r\n <\/div>\r\n <\/div>\r\n
\r\n Demo account<\/span>\r\n <\/i>Yes<\/span>\r\n <\/div>\r\n
\r\n Minimum deposit<\/span>\r\n $10<\/span>\r\n <\/div>\r\n
\r\n Minimum Deposit: $10\r\n <\/div>\r\n
\r\n \r\n Review<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n Open account<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n Quotex is a new digital options broker, innovated in 2020. The platform offers dupe trading and request signals.<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n\r\n\r\n\r\n\r\n
\r\n
\r\n
\r\n
\r\n \"olymp <\/div>\r\n
\r\n

<\/span>Olymp Trade<\/span><\/h2>\r\n
\r\n <\/i> 4.6\r\n <\/div>\r\n <\/div>\r\n
\r\n Demo account<\/span>\r\n <\/i>Yes<\/span>\r\n <\/div>\r\n
\r\n Minimum deposit<\/span>\r\n $30<\/span>\r\n <\/div>\r\n
\r\n Minimum Deposit: $30\r\n <\/div>\r\n
\r\n \r\n Review<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n Open account<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n Olymp Trade offers its customers a full range of monetary services within an equivalent account.<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n\r\n
\r\n
\r\n
\r\n
\r\n \"FXCC <\/div>\r\n
\r\n

<\/span>FXCC<\/span><\/h2>\r\n
\r\n <\/i> 4.9\r\n <\/div>\r\n <\/div>\r\n
\r\n Demo account<\/span>\r\n <\/i>Yes<\/span>\r\n <\/div>\r\n
\r\n Minimum deposit<\/span>\r\n $250<\/span>\r\n <\/div>\r\n
\r\n Minimum Deposit: $250\r\n <\/div>\r\n
\r\n \r\n Review<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n Open account<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n Forex Trading with FXCC, a leading regulated and Award winning ECN Forex broker - \r\n Start Trading today with our risk-Free Demo account<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n\r\n\r\n\r\n
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\r\n
\r\n
\r\n \"markets.com <\/div>\r\n
\r\n

<\/span>Markets<\/span><\/h2>\r\n
\r\n <\/i> 4.8\r\n <\/div>\r\n <\/div>\r\n
\r\n Demo account<\/span>\r\n <\/i>Yes<\/span>\r\n <\/div>\r\n
\r\n Minimum deposit<\/span>\r\n $250<\/span>\r\n <\/div>\r\n
\r\n Minimum Deposit: $250\r\n <\/div>\r\n
\r\n \r\n Review<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n Open account<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n Markets.com was established in the year 2010, being the best Forex trading company in South Africa the company grew tremendously.<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n
\r\n
\r\n
\r\n
\r\n \"BlackBull <\/div>\r\n
\r\n

<\/span>BlackBull Markets<\/span><\/h2>\r\n
\r\n <\/i> 4.5\r\n <\/div>\r\n <\/div>\r\n
\r\n Demo account<\/span>\r\n <\/i>Yes<\/span>\r\n <\/div>\r\n
\r\n Minimum deposit<\/span>\r\n $250<\/span>\r\n <\/div>\r\n
\r\n Minimum Deposit: $250\r\n <\/div>\r\n
\r\n \r\n Review<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n Open account<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n BlackBull Markets was founded with the goal of becoming the leading online Financial Technology and Foreign Exchange broker.<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n\r\n\r\n\r\n\r\n \r\n\r\n\r\n\r\n \r\n
\r\n
\r\n
\r\n
\r\n \"Hycm <\/div>\r\n
\r\n

<\/span>Hycm<\/span><\/h2>\r\n
\r\n <\/i> 4.6\r\n <\/div>\r\n <\/div>\r\n
\r\n Demo account<\/span>\r\n <\/i>Yes<\/span>\r\n <\/div>\r\n
\r\n Minimum deposit<\/span>\r\n $100<\/span>\r\n <\/div>\r\n
\r\n Minimum deposit: $100\r\n <\/div>\r\n
\r\n \r\n Review<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n Open account<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts\r\n lose money when trading CFDs with this provider <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n\r\n\r\n
\r\n
\r\n
\r\n
\r\n \"plus500\" <\/div>\r\n
\r\n

<\/span>plus500<\/span><\/h2>\r\n
\r\n <\/i> 4.2\r\n <\/div>\r\n <\/div>\r\n
\r\n Demo account<\/span>\r\n <\/i>Yes<\/span>\r\n <\/div>\r\n
\r\n Minimum deposit<\/span>\r\n $250<\/span>\r\n <\/div>\r\n
\r\n Minimum Deposit: $250\r\n <\/div>\r\n
\r\n \r\n Review<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n Open account<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n Plus500 is a popular CFD trading platform, that is also listed on London Stock Exchange. \r\nThey are regulated with top-tier regulators including FCA (UK), ASIC (Australia) & CySEC. <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n\r\n
\r\n
\r\n
\r\n
\r\n \"markets <\/div>\r\n
\r\n

<\/span>coinsraw.com<\/span><\/h2>\r\n
\r\n <\/i> 4.5\r\n <\/div>\r\n <\/div>\r\n
\r\n Demo account<\/span>\r\n <\/i>Yes<\/span>\r\n <\/div>\r\n
\r\n Minimum deposit<\/span>\r\n $50<\/span>\r\n <\/div>\r\n
\r\n Minimum Deposit: $50\r\n <\/div>\r\n
\r\n \r\n Review<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n Trade Crypto<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n Between 74-89% of retail investor accounts lose money when trading CFDs with this broker. <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n\r\n\r\n
\r\n
\r\n
\r\n
\r\n \"Avatrade <\/div>\r\n
\r\n

<\/span>Avatrade<\/span><\/h2>\r\n
\r\n <\/i> 4.5\r\n <\/div>\r\n <\/div>\r\n
\r\n Demo account<\/span>\r\n <\/i>Yes<\/span>\r\n <\/div>\r\n
\r\n Minimum deposit<\/span>\r\n $150<\/span>\r\n <\/div>\r\n
\r\n Minimum Deposit: $150\r\n <\/div>\r\n
\r\n \r\n Review<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n Open account<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n Ava Trade, established in 2006 and originally referred to as AvaFX, may be a pioneer within the online trading industry.<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n\r\n\r\n\r\n\r\n
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\r\n
\r\n
\r\n \"IQ <\/div>\r\n
\r\n

<\/span>IQ Option<\/span><\/h2>\r\n
\r\n <\/i> 4.6\r\n <\/div>\r\n <\/div>\r\n
\r\n Demo account<\/span>\r\n <\/i>Yes<\/span>\r\n <\/div>\r\n
\r\n Minimum deposit<\/span>\r\n $150<\/span>\r\n <\/div>\r\n
\r\n Minimum Deposit: $150\r\n <\/div>\r\n
\r\n \r\n Review<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n Open account<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n IQ Option was first introduced to the binary options traders across the world back in 2013.<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n \r\n\r\n\r\n\r\n\r\n
\r\n
\r\n
\r\n
\r\n \"Vantage <\/div>\r\n
\r\n

<\/span>Vantage Fx<\/span><\/h2>\r\n
\r\n <\/i> 4.9\r\n <\/div>\r\n <\/div>\r\n
\r\n Demo account<\/span>\r\n <\/i>Yes<\/span>\r\n <\/div>\r\n
\r\n Minimum deposit<\/span>\r\n $200<\/span>\r\n <\/div>\r\n
\r\n Minimum Deposit: $200\r\n <\/div>\r\n
\r\n \r\n Review<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n Open account<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n Vantage Global Prime Pty Ltd, broker Vantage FX became available for binary options trading in 2009.<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
\r\n
\r\n
\r\n
\r\n \"Easy <\/div>\r\n
\r\n

<\/span>Easy Markets<\/span><\/h2>\r\n
\r\n <\/i> 4.8\r\n <\/div>\r\n <\/div>\r\n
\r\n Demo account<\/span>\r\n <\/i>Yes<\/span>\r\n <\/div>\r\n
\r\n Minimum deposit<\/span>\r\n $150<\/span>\r\n <\/div>\r\n
\r\n Minimum Deposit: $150\r\n <\/div>\r\n
\r\n \r\n Review<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n Open account<\/span>\r\n <\/a>\r\n <\/div>\r\n
\r\n Easy Markets is an award-winning forex and CFDs trading platform launched in 2001 as the world\u2019s first web-based trading platform.<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n<\/div>\n

Actually GT247.com, which is travel by the Johannesburg based GT247 (Pty) Ltd, may be a subsidiary and a juristic representative of Purple Group Limited, which is a licensed Financial Services Provider by the Financial Sector Conduct Authority (FSCA) of South Africa . See for yourself:<\/p>\n

Still one possible advantage to trade with a broker regulated in Europe for instance is that your trading account are going to be insured and you’ll not lose your funds even within the unlikely case your broker happens to be insolvent. for instance with a FCA regulated broker, that insurance will cover to 85 000 GBP of your money, and this is often an honest reason to see our list of brokers regulated within the UK:<\/p>\n

<\/span>No minimum deposit requirement<\/span><\/h2>\n
    \n
  • GT247 has no minimum deposit requirement which means you’ll start trading with just a couple of dollars approximately . that’s excellent news and is certainly in line with the simplest practices within the industry \u2013 some big names like FBS and IG don’t have a minimum deposit requirement also.<\/li>\n
  • MetaTrader5 available<\/li>\n
  • MetaTrader5 sports all the great features of the industry standard MetaTrader4 \u2013 it’s an excellent charting package, numerous market indicators and therefore the so called Expert Advisor trading robots with the assistance of which one can easily run algorithmic trading sessions.<\/li>\n
  • On top of that MetaTrader5 allows traders to to execute trades on different financial markets (including exchange-traded stocks) through one account. Here you’ll check our list of brokers supporting the platform<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    GT247 may be a South African broker (regulated by the local Financial Sector Conduct Authority (FSCA), which offers a variety […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":645,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"templates\/sidebar-right.php","meta":{"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"yoast_head":"\nGT247 review - Is gt247.com scam or good forex broker?<\/title>\n<meta name=\"description\" content=\"GT247 may be a South African broker (regulated by the local Financial Sector Conduct Authority (FSCA), which offers a variety of forex pairs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.24forex.co.za\/forex-trading-reviews\/gt247\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GT247 review - Is gt247.com scam or good forex broker?\" \/>\n<meta property=\"og:description\" content=\"GT247 may be a South African broker (regulated by the local Financial Sector Conduct Authority (FSCA), which offers a variety of forex pairs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.24forex.co.za\/forex-trading-reviews\/gt247\/\" \/>\n<meta property=\"og:site_name\" content=\"Forex trading south Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/web.facebook.com\/24forexsa\/\" \/>\n<meta property=\"article:modified_time\" content=\"2021-04-28T07:36:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.24forex.co.za\/wp-content\/uploads\/2020\/01\/gt247-300x150.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GT247 review - 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