Deposit funds into our account (only in GBP or USD)

• On FX accounts, we require a  minimum deposit of USD 200

• On FX, CFD and Spread Betting accounts, we require a minimum deposit of USD 2500

You’ll need to familairise yourself with the process of transferring funds overseas before proceeding. We partner with Exchange for Free, who will be able to assist you in this regard.

 Why use Exchange4 Free:

·         Better Exchange Rates

·         Free International Money Transfers above ZAR 100 000.00 ( Just ZAR 250.00 for amounts below ZAR 100 000)

·         Zero Commissions

·         Fully Exchange Control and SARS Compliant

·         All funds are authorised, processed and paid out via an authorised dealer in SA ensuring safety of funds

·         Professional Service

There are 4 easy steps to follow:

1.       Tax Clearance for South African Reserve Bank

a.       Complete and Sign a FIA 001 Form

b.      Submit to your local tax office

·         Note – Exchange4 free will obtain your tax clearance and cover the cost for amounts over ZAR 250 000.00

2.       South African Reserve Bank Authorization

a.       Complete & sign MP1423 form

b.      The following fields must be completed – Application Information, ID Number , Title , Surname , First Name , tax Information, Income Tax reference, Amount of money you may have previously moved oversees

c.       Sign and date the form

3.       Complete a Balance of payments form

a.       Complete all fields that have a pre-filled explanation only

b.      Initial bottom page 1

c.       Sign and Date , Bottom of page 2

4.       FICA Documents

a.       Certified Copy of your South African ID Book

b.      Certified Copy of your  Proof of Residence (Utility Bill or Bank Statement Not older than 3 months)

When depositing your funds, please ensure that you include your User Name and ID (which you will receive with all your details via automated Email on the successful registration of your account). 

Our banking details are as follows:

USD Transfers:

GBP Transfers: 

Funds will be allocated to clients trading accounts once they have cleared in our international account. This will take a minimum of 4 to 6 working days.

For a refund, you’ll need to send us a request with the following details:

• User Name

• User ID

• Full amount of refund

Refund requests for GTi must be sent to gti@gt247.com

It takes approximately 10-15 working days for refunds to reflect in your bank account.

Risk Management Policy

It is essential that you read and understand our terms and conditions in respect of Margin Calls. 

Please note that if the following should occur we are entitled (without giving notice to you) to close all open positions on your account and cancel all orders:

• If your Total Equity expressed as a percentage of your Margin Requirement is 25% or less; (i.e. Total Equity divided by Margin Requirement multiplied by 100)

It takes approximately 4 to 6 days for funds you have transferred to be allocated to your account, so it is advisable to keep adequate funds in your account in case of this eventuality.