GT247 does not have a minimum deposit requirement. The only deposit currencies supported by GT247 is ZAR and USD. 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 Minimum Deposit below.
GT247 Minimum deposit – 6 key points quick overview:
GT247 Minimum Deposit- GT247 Deposit fees and deposit methods
- Step by step guide to deposit the minimum amount
- GT247 Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is our overview of the GT247 Minimum deposit as well as the pros and cons as well as features that are offered to traders.
GT247 Minimum Deposit
There is no minimum deposit requirement for GT247. Traders are free to deposit any amount into their trading account, however, they are urged to ensure that they can cover margin requirements before they open a trade. Traders are also advised to ensure that they keep updated with the exchange rate between the US Dollar and the South African Rand.
GT247 is a regulated broker that is required to ensure that client funds are kept in segregated accounts separate from the broker account. These funds may not be used towards any purposes apart from trading activities and traders must be able to withdraw them at any time.
GT247 Deposit fees and deposit methods
GT247 only offers a few payment methods which can be used when making deposits namely:
Credit/Debit Cards
EFT
SWIFT
In addition, the following fees are charged on Credit/Debit Cards:
Credit Card deposit admin fees of 2.3% of the transaction value.
Credit card fixed charges of R1.60 per transaction.
The only deposit currencies supported by GT247 is ZAR and USD, as per the account types and account base currency supported. Traders may be subjected to currency conversion fees when depositing funds in currencies other than ZAR and USD.
Conditions may change and therefore the fees mentioned are subjected to changes as well, as per the discretion of the broker. It is imperative that traders consult with GT247 customer support before registering a live trading account and depositing funds.
Step by step guide to deposit the minimum amount
Step 1 – Log into your account
Log in your trading account to access your client area.
Step 2 – Select the Deposits option
Select the Deposits option under the ‘My Funds’ group.
Step 3 – Choose a deposit method
Choose your preferred deposit method and the amount to deposit.
Once the live trading account has been approved, traders can navigate to their personal area on the website and select the option to fund their account.
Traders can select their preferred payment method, the amount they wish to deposit, and their currency before they can proceed. Traders can follow further instructions and/or prompts to finalise their deposit.
Traders must note that, depending on the payment method used, funds may take up to several days to reflect. Traders must also ensure that they only make deposits from an account that matches the name that they used to register their trading account.
This is due to GT247 prohibiting payments from third parties as part of AML procedures. In addition, traders must ensure that they confirm any fees that may be waived by their payment provider.
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
GT247 does not have a minimum deposit requirement. The only deposit currencies supported by GT247 is ZAR and USD. 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 Fees and Spreads
You might also like: GT247 Sign up Bonus
Frequently Asked Questions
What is the minimum deposit for GT247?
GT247 does not have a minimum deposit requirement.
How do I make a deposit and withdrawal with GT247?
You can use any of the following:
- Credit/Debit Card
- EFT
- SWIFT
Does GT247 charge withdrawal fees?
Yes. Fees are charged on Debit/Credit Cards.
- Credit Card deposit admin fees of 2.3% of the transaction value.
- Credit card fixed charges of R1.60 per transaction.
How long does it take to make a withdrawal?
This depends on the payment method uses and can be anything from an instant withdrawal or it may take up to several days.
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