GT247 does offer a demo account for first time traders. Traders are offered with virtual funds of 100,000 ZAR/USD which can be used for demo trading. Traders have access to the same functions, features, and options that they normally would on a live trading account.
GT247 at a glance
| 🔍 Broker's Name | GT247 |
| 📍 Headquartered | South Africa |
| 📅 Year Founded | 1998 |
| ⚖️ Regulating Authorities | FSCA |
| 🌐 Countries not accepted for trade | None indicated |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:25 |
| 💰 Minimum Deposit | $0 |
| 💳 Deposit Options | Credit/Debit Card EFT Swift |
| 💳 Withdrawal Options | Credit/Debit Card EFT Swift |
| 💻 Platform Types | MetaTrader5 |
| 📈 Tradable assets offered | Equities Commodities Cryptocurrencies Forex Indices |
| 📱 OS Compatibility | Windows, Linux, MacOS, Android, iOS |
| 👨💼 Languages supported on Website | English |
| 👥 Customer Support Languages | English |
| 📆 Customer Service Hours | 24/5 |
| 👉 Open a account | Click Here |
Overall Rating
4.7/5
Rated #270 of
Recommended FX Brokers
Minimum Deposit
USD 0
Regulators
FSB
MetaTrader 5
Yes
65
Islamic Account
Yes
Trading Fees
Low
24 Hours
Choose your quick section of our GT247 Demo Account below.
GT247 Demo account – 5 key points quick overview:
How to set up a Demo Account – Step by Step- GT247 Demo Account Features
- GT247 Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is an overview of the GT247 Demo Account as well as the features that are offered.
How to set up a Demo Account – Step by Step
Setting up a demo account with GT247 is an easy and straightforward process which consists of the following steps:
Step 1 : Click on “open free account”
Click on the “open free account” option.
Step 2 : Fill out the form
Provide basic personal information requested.
A demo account is often referred to as a practice account due to it providing traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.
Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what the broker has to offer.
GT247 Demo Account Features
The demo account offered by GT247 is available for 28 days. Traders are offered with virtual funds of 100,000 ZAR/USD which can be used for demo trading in any of the following ways:
Practice account for beginners to build up their skills and experience before they start trading in a live environment.
Testing and back testing of trading strategies.
Exploring GT247’s offering.
Overall Rating
4.7/5
Rated #270 of
Recommended FX Brokers
Minimum Deposit
USD 0
Regulators
FSB
MetaTrader 5
Yes
65
Islamic Account
Yes
Trading Fees
Low
24 Hours
GT247 Pros and Cons
| ✔️ Pros | ❌ Cons |
| Access to all tradable assets | Demo account expires after 28 days |
| Demo account option offered | |
| MetaTrader 5 offered to use while demo trading |
Conclusion
Traders who choose to use GT247 to facilitate their trades may not be offered with any bonuses, rewards, or promotions, but the broker still features a rich history in offering comprehensive trading solutions and services to both South African traders, and others from several other jurisdictions.
GT247 is well-regulated and guarantees the security of client funds in addition to offering MetaTrader 5, reliable execution speeds, and more.
You might also like: GT247 Review
You might also like: GT247 Account Types Overview
You might also like: GT247 Fees and Spreads
You might also like: GT247 Minimum Deposit
You might also like: GT247 Sign up Bonus
Frequently Asked Questions
What is the difference between a demo and live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does GT247 offer a demo account?
Yes. Find out more about GT247 demo account here
For how long is the demo account valid?
28 days.
Which live trading accounts does GT247 offer?
GT247 offers traders with a choice between the following live trading accounts:
- ZAR Account
- USD Account
What are the available deposit currencies for a live trading account?
ZAR or USD.
Top 4 Brokers
