Purple Trading review: Regulations, Platforms, Features and Ratings.
3.661 •
7 REVIEWS
What is Purple Trading?
Purple Trading is a forex broker with MetaTrader 4, the top forex trading platform.
Purple-Trading.com offers over 60 forex currency pairs, gold, silver, bitcoin and other cryptocurrencies for your personal investment and trading options.
Please read Purple Trading Reviews below and share your live trading experiences with this broker.
Broker Details
| Minimum Trade Size: | 0.01 |
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| Maximum Leverage: | 400:1 |
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| Minimum to Open Live: | $100 |
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| Established: | 2015 |
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| Address: | 11, Louki Akrita, CY-4044 Limassol, Cyprus |
| Contact: | support@purple-trading.com, +420 228 884 711 |
| Regional offices: | |
| Regulators: | CySEC #271/15 |
| Prohibited countries: |
| Trading platforms: | MT4, cTrader, PurpleZone |
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| Web Trading: | ✅ Yes |
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| Mobile Trading: | ✅ Yes |
| ECN: | ✅ Yes |
| Currencies: | (60+) |
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| Cryptocurrencies: | (5+) Bitcoin, Litecoin, Ethereum |
| CFD: | (10+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities |
Trading Conditions |
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| EAs/Robots: | ✅ Yes |
|---|---|
| News Trading: | ✅ Yes |
| Scalping: | ✅ Yes |
| PAMM: | ✅ Yes |
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| Deposit Methods: | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Neteller, Skrill |
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| Withdrawal Methods: | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Neteller, Skrill |
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3.661 •
7 REVIEWS
Traders Reviews
D
Good STP broker, low spreads fast execution.
Service use: Live
Length of use: over 1 Year
I have been trading with Purple for 1,5 year and I really appreciate their low spreads and lightning fast order execution thanks to the use of modern and stable software. As it is an ECN and STP broker and while the trader is trading they are only intermediaries - there is no conflict of interest, the broker does not earn on our losses. I never happened to notice any attempts of price manipulation. They also have high quality FX trading strategies based on the PAMM system giving the possibility to copy the transactions of professional traders. Customer service is fast and helpful. Withdrawals 3-5 days on wire transfer, on card 1-2 days. A recommendable honest broker.
TOP EU Broker (that I work for)
Service use: Other
Length of use: over 1 Year
Both ECN and STP account types available, good trading conditions. They also have a lot of quality FX trading strategies offer based on PAMM system - using some of them more then a year and very satisfied with the gain. Also their customer support care is super fast and pro-client!
Review moderation team note
5 Star Rating removed.
This reviewer's account was accessed from inside the offices of Purple Trading on the same day the review was submitted.
Per FPA policy, the rating on this review has been set to Zero stars.
This reviewer's account was accessed from inside the offices of Purple Trading on the same day the review was submitted.
Per FPA policy, the rating on this review has been set to Zero stars.
Great education content and narrow spreads
Service use: Live
Length of use: over 1 Year
I trade with Purple 2 years and I really appreciate their narrow spreads and especially super fast execution. Moreover there is no conflict of interest since they are an STP broker. Trustworthy and fair broker.
Recommend
I think best execution between ECN brokers with EU regulation. I have very good experience.
1 trader has found this review helpful
C
Carl
Germany,
Jan 21, 2017,
Guest
Their trade execution is really lighting fast!!!
Their trade execution is really lighting fast!!! SUPER! Very nicely processed personal zone, where you have everything at your fingertips.
Overall, I definitely recommend.
Overall, I definitely recommend.
U
Good company - recommended
Good ECN broker. Taking good care of its clients, low spreads and a good price for the service. Fast technologies and stable software solutions. Recommended
L
Lukas
Czech Republic,
Jan 4, 2017,
Guest
Quality broker with excellent (super fast) execution of trading orders.
Quality broker with excellent (super fast) execution of trading orders.
+ trading execution !!!
+ no spikes, re-quotes, Sl hunting etc... (pure STP/ECN)
+ helpfull support
+ good deposit security
+ great account zone + website
- max leverage 1:200 (but higher leverage as well is not needed)
+ trading execution !!!
+ no spikes, re-quotes, Sl hunting etc... (pure STP/ECN)
+ helpfull support
+ good deposit security
+ great account zone + website
- max leverage 1:200 (but higher leverage as well is not needed)
Frequently Asked Questions
Is Purple-Trading a good broker?
Unbiased traders reviews on ForexPeaceArmy is the best way to answer if Purple-Trading is a good broker. https://www.forexpeacearmy.com/forex-reviews/13246/purple-trading-forex-brokers
Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.
Additionally, we'd recommend to check recent Purple-Trading community discussions: https://www.forexpeacearmy.com/community/tags/purpletrading/
Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.
Additionally, we'd recommend to check recent Purple-Trading community discussions: https://www.forexpeacearmy.com/community/tags/purpletrading/
Is Purple-Trading regulated?
Purple Trading is a trade mark owned and operated by L.F. Investment Limited.
L.F. Investment Limited is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license. no. 271/15.
L.F. Investment Limited is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license. no. 271/15.
What is the minimum deposit for Purple-Trading?
The minimum deposit in Purple-Trading depends on the status of the trader.
- Starter status is EUR100
- Standard status is EUR1,000
- Prime status is EUR20,000
- VIP status is EUR60,001
What is the maximum leverage for Purple-Trading?
The maximum leverage offered by Purple-Trading depends on the category of the trader.
- Retail trader is 30:1
- Professional trader is 400:1