Brokers  /  GT247.com

GT247.com

Moderate risk
🇿🇦 South Africa · 5-10 years · since 2019-04-19 · Purple Group Limited
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Independent ratingshow third parties score this broker
WikiFX1.58/10
Trustpilot/5
Forex Peace Army/5
36
Moderate risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • Limited public information available
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing6835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration458%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal namePurple Group Limited
Headquarters🇿🇦 South Africa
Founded2019-04-19
Years operating5-10 years
Employees0
Official websitegt247.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments
Registered address
WEWORK - COWORKING OFFICE SPACE 1F 173 OXFORD RD ROSEBANK GAUTENG Gauteng South Africa 2196

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
FSCADerivatives Trading License (EP)46315South Africa

Review analysis AI

Across 4 recent Trustpilot reviews, 0% are 1–2 star.

0
Period:
What users praise
Where reviewers are from
United Kingdom1
Cyprus1
Australia1
Netherlands1

Real user reviews

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About GT247.com

GT247.com is a forex and CFD broker based in South Africa, with records dating to 2019-04-19. It reports oversight from FSCA.

FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.

Overview compiled by FXCanary from regulatory records and public data. full GT247.com review