Broker review · Checked 29 Oct 2026

GT247 review 2026: is GT247 legit in Kenya and South Africa?

GT247, now trading as EasyTrader, belongs to JSE-listed Purple Group, the owner of EasyEquities. It holds an FSCA OTC derivative licence (ODP43), keeps client money in rand at a South African bank and lets you trade JSE share CFDs on MT5. Leverage is low at 1:80. It is not licensed in Kenya.

🇰🇪 CMANot licensed
🇿🇦 FSCAFSP 46315 (Purple Group); ODP43
Minimum depositNo minimum
M-PesaNot confirmed

By D. Kalburov, editor · Licence data from the CMA and FSCA registers · How we review brokers

Is GT247 regulated? Licence by country

🇰🇪 KenyaNot on the CMA register

Regulator: Capital Markets Authority (CMA)
Local company: Not yet verified
Licence number: —
M-Pesa: Not confirmed

🇿🇦 South AfricaFSCA licence FSP 46315 (Purple Group); ODP43

Regulator: Financial Sector Conduct Authority (FSCA)
Local company: EasyTrader (Pty) Ltd, juristic representative of Purple Group Ltd
Licence number: FSP 46315 (Purple Group); ODP43

Part of JSE-listed Purple Group, the owner of EasyEquities. Client money is held in rand at a South African bank, per TradeFX.

Source: tradefx.co.za, not yet checked on the register

A licence means someone supervises the broker. It does not make trading safe: most retail CFD accounts lose money.

About GT247

EasyTrader (Pty) Ltd, trading as GT247.com, is a juristic representative of Purple Group Ltd (FSP 46315), the JSE-listed company behind EasyEquities. It holds the OTC derivative provider licence ODP43, per TradeFX.

Who GT247 suits, and who should look elsewhere

Good fit if you

are in South Africa and want JSE share CFDs in rand
want a local, listed owner

Look elsewhere if you

are in Kenya
want high leverage or MT4

GT247 account types and minimum deposit

Account	Minimum deposit	Pricing
ZAR or USD account	No minimum	Spreads plus a 0.10% charge on trades; EUR/USD about 1.7–2.2 pips measured on demo

From TradeFX (Mar 2025). Check current pricing on GT247.

Leverage: 1:80, per TradeFX.

GT247 fees: spreads, commission and other charges

Card deposits	R1.60 plus 2.3%
Inactivity fee	R120 ($10) a month after 12 months dormant
Trade charge	0.10% on buy and sell

Work out the cost of a trade before you place it with our pip value and profit and loss calculators.

GT247 deposits and withdrawals in Kenya and South Africa

🇰🇪 Kenya

GT247 is not on the CMA register. If it accepts you, your account sits with an offshore company and you have no CMA complaints route.
No Kenyan payment method confirmed. Expect cards, bank wire or e-wallets such as Skrill and Neteller.

🇿🇦 South Africa

EasyTrader (Pty) Ltd, ODP43; juristic representative of Purple Group (FSP 46315).
ZAR accounts; local bank transfers in 1–2 days.

M-Pesa limits, rand EFT, cards, e-wallets and the payment scams to avoid: read our deposits and withdrawals guide.

GT247 trading platforms

Is your money safe with GT247?

Listed South African owner.
Client funds held in rand at a local bank, per TradeFX.
No negative balance protection, per TradeFX.

GT247 pros and cons

Pros

Listed local owner
ZAR account
JSE share CFDs
No minimum deposit

Cons

Wide forex spreads
Card fees and inactivity fee
MT5 only
Not licensed in Kenya

Our real-money test of GT247

Coming

We will open a GT247 account, deposit, place a trade and withdraw, then publish the screenshots, the time each step took and every fee we paid.

GT247 withdrawal time: reports from traders

How long do GT247 withdrawals really take?

Loading reports…

Median of reports from traders. Not checked by us; our own tests are marked separately.

Withdrawal stuck or refused at GT247? Get a ready complaint letter and the right regulator contact with our complaint desk →

GT247: questions people ask

Is GT247 regulated in Kenya?

No. GT247 is not licensed by the CMA. It may still accept clients from Kenya through an offshore company, but you would have no CMA protection or local complaints route.

Is GT247 regulated by the FSCA in South Africa?

Yes. In South Africa, GT247 operates through EasyTrader (Pty) Ltd, juristic representative of Purple Group Ltd, which holds FSCA licence FSP 46315 (Purple Group); ODP43. Check that this company is named on your client agreement, not an offshore company of the same brand. Part of JSE-listed Purple Group, the owner of EasyEquities. Client money is held in rand at a South African bank, per TradeFX.

Is GT247 regulated?

Yes. EasyTrader (Pty) Ltd, trading as GT247, holds FSCA ODP licence 43 and is a juristic representative of Purple Group (FSP 46315).

Sources for this review (checked 29 Oct 2026)

Fees, minimums and payment methods change and can differ by the company you sign with. Confirm them on the broker's site before you deposit. Spotted something out of date? Tell us.