The GT247 spread list starts from 1 ZAR per point. Spreads and commissions will depend on the financial instrument being traded. GT247 does charge deposit fees and withdrawal fees on Credit/Debit Cards.
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 Fees Spreads and Commission below.
GT247 Fees and spreads – 6 key points quick overview:
GT247 Fees and Spreads- GT247 Additional Trading Fees
- GT247 Broker Fees
- GT247 Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is our overview of the GT247 Fees Spreads and Commission as well as the features that are offered, which could effect your trading.
GT247 Fees and Spreads
The GT247 spread list starts from 1 ZAR per point. There is truly little information available on the fees, spreads, and commissions that traders can expect when trading with GT247. Traders must consult with the broker to obtain more information on the trading fees that they can expect.
Spreads and commissions will depend on the financial instrument being traded in addition to the market conditions on the day of trading. Traders can make use of the demo account to evaluate the fees and spreads that they may incur while trading with GT247, in a safe and risk-free environment where their own capital is not at risk.
GT247 Additional Trading Fees
GT247 charges overnight fees, or swap fees, as follows:
Long funding of SABOR +2.50% according to South African Benchmark overnight rates.
Short funding of SABOR -2.50% according to South African Benchmark overnight rates.
These fees can be viewed on the GT247 website either per instrument or holistically by viewing the cost sheet available. Due to conditions that may change, traders must ensure that they confirm these fees with the broker before registering a trading account. In addition, these fees may also change according to the broker’s discretion and/or market conditions.
In addition, there is zero interest earned on margin, and no minimum MMPM per trade. GT247 does not offer Muslim traders with the option of converting a live trading account into an Islamic Account. For this reason, traders must ensure that they close their positions before the trading day concludes.
GT247 Broker Fees
GT247 does not offer transparency where broker fees are concerned, however, traders can expect a standard inactivity fee of 120 ZAR or $10 after the trading account has been dormant for a consecutive 12 months.
In addition, traders also benefit from the fact that there are no monthly platform fees, reporting fees, or charges on SMS notifications. There are no other broker fees indicated, however, traders are urged to ensure that they are aware of all fees before they register a trading account.
GT247 charges deposit fees and withdrawal fees on Credit/Debit Cards as follows:
Credit Card deposit admin fees of 2.3% of the transaction value.
Credit card fixed charges of R1.60 per transaction.
GT247 is not a spread betting broker, so spread betting fees will not apply.
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 |
| Demo account offered for traders to explore the broker’s offering | Deposit and withdrawal fees charged on cards |
| No Charges on SMS notifications | Fees are not transparent |
| No minimum MMPM per trade | High inactivity fee charged |
| No monthly platform fees | No Islamic Account offered |
| No reporting fees | Truly little information on fees and spreads |
| Zero interest earned on margin |
Conclusion
The GT247 spread list starts from 1 ZAR per point. Spreads and commissions will depend on the financial instrument being traded. GT247 does charge deposit fees and withdrawal fees on Credit/Debit Cards.
You might also like: GT247 Review
You might also like: GT247 Account Types Overview
You might also like: GT247 Demo Account – Step by Step
You might also like: GT247 Minimum Deposit
You might also like: GT247 Sign up Bonus
Frequently Asked Questions
How many instruments can I trade with GT247?
You can trade any of the following:
- Equities
- Commodities
- Cryptocurrencies
- Forex
- Indices
Which platforms are supported by GT247?
MetaTrader 5.
Does GT247 offer leverage?
Yes. GT247 offers leverage up to 1:25.
What spreads can I expect with GT247?
With GT247 you can expect spreads from 1 ZAR per point.
Does GT247 charge commission?
None indicated.
Is GT247 regulated?
Yes. GT247 is regulated by the FSCA.
Is GT247 a recommended forex trading broker for experts and beginners?
Yes. GT247 offers a suitable environment for beginners and experts.
What is the overall rating out of 10 for GT247?
6/10.
Top 4 Brokers
