Score
Cyprus
|
10-15 years
| https://www.purple-trading.com/
Website
Rating Index
MT4/5
Full License
PurpleTrading-01Demo
Influence
B
Influence index NO.1
Czech Republic 4.83
MT4/5 Identification
Full License
CyprusInfluence
B
Influence index NO.1
Czech Republic 4.83
LicensesLicensed Entity：L.F. Investment Ltd
License No. 271/15
Single Core
1G
40G
1M*ADSL
Cyprus
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
WikiResearch Czech Republic
purple-trading.com Germany Czech Republic
VIP is not activated.
| Purple Trading Review Summary | |
| Founded | 2016 |
| Registered Country/Area | Cyprus |
| Regulation | CYSEC |
| Tradable Assets | Forex, indices, commodities, stocks, futures |
| Demo Account | ✅ |
| Islamic Account | ❌ |
| Account Types | STP, ECN, PRO |
| Maximum Leverage | 1:30 (retail)/1:500 (professional) |
| EUR/USD Spread | From 0.3 pips |
| Trading Platforms | MT4/5, cTrader |
| Payment Methods | Visa, MasterCard |
| Deposit & Withdrawal Fee | ❌ |
| Customer Support | Mon - Fri, 8-16 h (CET) |
| Live chat | |
| Tel: +420 228 884 711 | |
| Email: support@purple-trading.com (for current clients) | |
| info@purple-trading.com (for new clients) | |
| Regional Restrictions | Not accept clients from outside the European Economic Area and from Belgium, Switzerland and USA |
Purple Trading, headquartered in Cyprus, operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (CYSEC). It offers a maximum leverage of up to 1:30 for retail clients and up to 1:500 for professional clients, varying by instrument. Spreads start from 1.3 pips for STP accounts and 0.3 pips for ECN accounts. Clients can trade a diverse range of assets including Forex, Indices, Commodities, Stocks, and Futures. Purple Trading provides multiple account types such as ECN, STP, and PRO, each with its own fee structures and benefits. It also offers a free demo account for users to practice trading strategies.
| Pros | Cons |
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Purple Trading is regulated by the Cyprus Securities and Exchange Commission (CYSEC) with license no. 271/15, ensuring compliance with strict financial standards and protocols. This regulatory oversight instills confidence in clients, as it indicates that Purple Trading operates within a regulated framework, offering greater transparency and protection for investors. CYSEC's supervision ensures Purple Trading's adherence to legal and ethical practices in the financial industry.
Purple Trading offers a comprehensive array of market instruments across various categories: forex, indices, commodities, stocks, and futures.
| Tradable Assets | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Futures | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Purple Trading offers free demo accounts with a minimum initial virtual deposit of 1,000 (EUR, GBP, USD, CZK, or PLN).
It also offers three real account types, including STP, ECN, and PRO, with minimum deposit requirement of $100. You can find similarities and differences between different account types in the table below:
| STP | ECN | PRO | |
| Suitable for | Position/swing traders | Intraday/scalping traders | Professional traders |
| Trading Platforms | MT4 / MT5 / cTrader | ||
| Account Opening Fee | ❌ | ||
| Minimum Deposit | $100 | ||
| Accepted Currencies | EUR / GBP / USD / CZK / PLN | ||
| Spread | From 1.3 pips | From 0.3 pips | - |
| Commission | ❌ | 5-10 USD/lot | - |
Additionally, Purple Trading also offers a managed account, which serves as your link to the wide range of investment products that Purple Trading offers to their clients, including passive ETF portfolios, dynamic investment strategies created by professional traders, as well as their “mini” version which is more suitable for smaller investments because they can invest as little as 100 EUR.
Purple Trading offers varying levels of leverage depending on the instrument being traded and the classification of the client:
Purple Trading provides access to three leading trading platforms, MetaTrader 4/5 (MT4/5) and cTrader, offering clients a comprehensive suite of tools and features for effective trading.
MetaTrader 4/5, a widely acclaimed platform in the industry, offers advanced charting capabilities, customizable indicators, and automated trading through Expert Advisors (EAs), empowering traders with robust technical analysis tools.
On the other hand, cTrader stands out with its intuitive interface, lightning-fast execution, and Level II pricing transparency, catering to traders who prioritize speed, precision, and depth of market insights.
| Payment Methods | Deposit/Withdrawal Fee | Max. Deposit/Withdrawal | Deposit Time | Withdrawal Time |
| MasterCard/Visa | ❌ | EUR 60,000 | Instantly | 1 business day |
| Domestic payment in CZK and PLN; SEPA payment in EUR | ❌ | - | 1 business day | |
| International payment in other currencies | 0.5% (min. 5 EUR, max. 100 EUR) | - | 1 business day | |
Note that deposits and withdrawals made in a currency different from your account's currency will be automatically converted and the final amount credited may vary due to exchange and conversion rates.
Purple Trading offers comprehensive customer support through various channels:
CySEC has fined Purple Trading operator L.F. Investment Ltd €150,000 for compliance failures related to conflicts of interest and the marketing of high-risk CFDs to retail investors.
Yes, Purple Trading is regulated by the Cyprus Securities and Exchange Commission (CYSEC) under license number 271/15. As a trader, I believe the CYSEC regulation is important because it ensures the broker follows stringent legal standards and offers protection for clients. In my experience, brokers regulated by authorities like CYSEC tend to operate with higher levels of transparency and integrity. For me, this brings a sense of security, knowing that the broker is legally bound to comply with financial regulations, safeguarding client funds. CYSEC's regulations require brokers to keep clients' funds in segregated accounts, which adds an additional layer of protection in case the broker faces financial difficulties. However, one thing I’d point out is that CYSEC-regulated brokers like Purple Trading are only available to clients within the European Economic Area (EEA), which means clients outside the EEA cannot access the platform. For me, as someone based in the EEA, this is not an issue, but for international traders, it’s something to consider. While CYSEC's regulations are strong, I do wonder how they compare to other top-tier regulatory bodies like the UK’s FCA or the US SEC. Nonetheless, overall, I do consider Purple Trading a safe and reliable broker, especially for European clients.
The maximum deposit or withdrawal amount via Visa and MasterCard is EUR 60,000, which is more than sufficient for most traders, including me. I appreciate that Purple Trading offers such a high limit, as it allows for larger transactions when needed. For international payments, the same conversion fee applies, but overall, I find the flexibility of high deposit and withdrawal limits to be an advantage. This high limit provides me with more options and control over my trading capital, making it easier for me to manage larger sums when necessary.
Purple Trading offers a maximum leverage of 1:30 for retail clients, which is standard for brokers regulated under CYSEC. As a retail trader, I find this leverage to be sufficient for my needs, as it helps to manage risk effectively. However, for professional clients, Purple Trading offers a higher leverage of up to 1:500, which can be appealing for more experienced traders looking to take on larger positions. Personally, I prefer to trade with lower leverage, as it helps to reduce risk and avoid overleveraging. But I can see how higher leverage would be useful for professional traders, especially those who engage in short-term trading or scalping.
Purple Trading does not charge any deposit or withdrawal fees for transactions made in EUR or CZK, which is fantastic for me as a European trader. It helps keep my trading costs down, especially when making frequent deposits or withdrawals. However, for international payments made in currencies other than EUR, there is a 0.5% fee, with a minimum of 5 EUR and a maximum of 100 EUR. This can add up if you are making large withdrawals or deposits in currencies outside the Eurozone, which is something I keep in mind when transferring funds. For someone like me, who mostly transacts in EUR, the lack of fees is a significant advantage. I also appreciate the transparency in purple trading review, where I can easily see all the applicable fees before making a transaction.
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