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GT247.com in South Africa — review, licence and costs
Score (3 of 6 axes scored)
shown, not ranked: only 40% of the weight has data, need 55%
- Safety20%90
- Track record10%100
- Platforms10%0
Numbered by weight: axis 1 counts for most.
Key facts
Licence check
Open an account with GT247.comThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- of JSE-listed Purple Group Ltd
- Local standing
- FSCA-regulated domestic (leveraged CFD/forex provider)
- Licence as the register states it
- FSCA authorised & licensed Over-the-Counter Derivatives Provider (ODP43); juristic representative of Purple Group Ltd
- Leverage for this entity
- Leveraged CFDs; commonly cited max ~1:25, with homepage referencing up to ~80:1 on FX (65+ FX pairs). Exact per-instrument margins vary — confirm on site.
- The firm behind it
- Online CFD-trading brand of EasyTrader (Pty) Ltd, subsidiary of JSE-listed Purple Group Ltd (sister to EasyEquities); long-standing SA CFD/derivatives broker
- What we hold against it
- not verified at review
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards South African residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youFSCA-regulated domestic (leveraged CFD/forex provider)
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Accounts
Account types the broker names for this country: ZAR CFD account, USD CFD account (no minimum first deposit), demo. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where GT247.com sits in the South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · 23 of 103 brokers do not publish it
Minimum deposit, USD (49 of 103 priced)
Median 50 USD · range 0-1000 · this broker 0 USD · 54 of 103 brokers do not publish it
Retail leverage (72 of 103 with a South Africa figure)
Median 1:500 · range 20-5000 · this broker 1:25 · 31 of 103 brokers do not publish it
Withdrawal time published (103 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (3 methods · 1 local)
EFT / bank transfer, credit card (2.3% admin fee);
- EFTlocal
- Bank transfer
- Credit card
- Account currency
- ZAR
- Fee declared
- 3 of 3 methods
- Withdrawal back to
- the funding method
Where it does not serve(4 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(1 platform)
- GT247.com proprietary web/app trading platform
| Class | Count | Min spread | Leverage |
|---|---|---|---|
| GT247.com proprietary web/app trading platform | — | — | 25ZA |
184 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: IC Markets Raw Spread MT4/MT5, IC Markets Raw Spread cTrader, Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard and 178 more.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 2.9 | 3 |
Share of reviewers in South Africa: — The platform does not publish it.
Pros and cons(3 for and 4 against, each tied to a figure on this page)
- Authorised by the South Africa regulator in its own register
- Min deposit 0 USD, under the South Africa median 50
- Track record 100 of 100, its strongest of 3 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- Withdrawal time not published
- Platforms 0 of 100, its weakest of 3 scored axes
- Not scored on reviews, round-turn cost, payouts: the broker publishes no figure we could read
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 6ZA
- Min deposit, USD
- 20ZA
- Leverage
- 30 group
- Rank in this country
- #2
- Round turn, USD
- 6ZA
- Min deposit, USD
- 0 groupZA
- Leverage
- 2000ZA
- Rank in this country
- #3
- Round turn, USD
- 3ZA
- Min deposit, USD
- 10 groupZA
- Leverage
- 3000ZA
- Rank in this country
- #15
- Round turn, USD
- 7ZA
- Min deposit, USD
- 4ZA
- Leverage
- 400ZA
- Rank in this country
- #11
- Round turn, USD
- 6ZA
- Min deposit, USD
- 100ZA
- Leverage
- 300ZA
- Rank in this country
- #20
- Round turn, USD
- 6ZA
- Min deposit, USD
- 0ZA
- Leverage
- 500ZA
- Rank in this country
- #34
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a South Africa score. Full methodology
| Axis | Weight | What is measured | GT247.com |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | — |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | — |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 90 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | — |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
FAQ
- Does GT247.com accept residents of South Africa?
- Yes. FSCA-regulated domestic (leveraged CFD/forex provider) Onboarding entity: of JSE-listed Purple Group Ltd
- Is GT247.com licensed to serve clients in South Africa?
- FSCA authorised & licensed Over-the-Counter Derivatives Provider (ODP43); juristic representative of Purple Group Ltd Checked on 11.07.2026.
- What leverage does GT247.com offer to retail clients in South Africa?
- Up to 1:25. commonly cited max ~1:25
- Which trading platforms does GT247.com support?
- GT247.com proprietary web/app trading platform. Instruments: CFDs: JSE equity (single-stock) CFDs, forex, indices, commodities, cryptocurrencies
- How can I withdraw money from GT247.com in South Africa?
- EFT / bank transfer, credit card (2.3% admin fee); ZAR and USD accounts
- What account types does GT247.com offer?
- ZAR CFD account, USD CFD account (no minimum first deposit); demo
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://gt247.easyequities.co.za/our-profile
Not tax advice. Check with SARS.