Purple Trading Review

Purple Trading is a regulated online broker that offers reliable, transparent and fair-trading conditions to all traders, regardless of your investment size or experience level. The broker provides very competitive trading conditions including tight spreads, low fees and fast trade execution speeds. You can choose between advanced yet easy to use trading platforms whilst there are multiple account types and convenient funding options.

Pros / Cons
  • Strict regulation
  • Powerful trading platforms
  • Range of markets to trade
  • Tight spreads, low fees & rapid execution speeds
  • Various account types & funding methods
  • Commission free accounts
  • PAMM & copy trading solutions
  • FIX API trading
  • Trading tools & educational resources
  • Loyalty program
  • Dedicated customer support team
  • Restricted leverage for non-professional clients
  • EU clients only
  • Inactivity fee
  • No Islamic accounts

In this detailed Purple Trading review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

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Purple Trading Overview

Purple Trading is an innovative online broker offering industry leading trading technologies for transparent trading on instruments across multiple asset classes via flexible trading platforms.

Purple Trading was launched in 2016 by experienced financial industry experts who had the vision to bring innovation to the trading industry. Since then they have expanded their operations and continue to improve their trading services.

The colour purple is used to symbolize the human face of advanced technology. They put great emphasis on client safety and trading conditions rather than focusing on elaborate marketing campaigns.

Purple Trading incorporate top trade execution practices with a world-wide infrastructure, to deliver fast and reliable trading conditions for traders without any dealing desk intervention. They have finely tuned trading servers which ensure a professional grade trading environment.

Purple Trading Worldwide Infrastructure

Purple Trading Worldwide Infrastructure

Purple Trading’s MT4 servers are hosted in the Equinix London (LD4) data centre and Amsterdam. They are cross connected with their liquidity pool so trades can be executed in milliseconds via the MetaTrader platform or custom FIX API solutions for high frequency traders (HFT) and experienced programmers.

Purple Trading Execution Hubs

Purple Trading Execution Hubs

Furthermore, the execution core utilises the co-located low latency connectivity with liquidity providers (LPs) and top tier banks. They constantly aim to deliver the best possible connection for clients, with a vast liquidity pool, lowest possible connection time and minimal slippage. They have liquidity pools located in London and New York to ensure deep market depth for filling high volume trades and minimising the slippage generated by averaging executed prices.

Purple Trading Liquidity Pool

Purple Trading Liquidity Pool

In order to ensure great levels of stability, they implement the 3-level back-up system for price streams. There are automatic control mechanisms in place in case there is a scenario where the trading servers fail. The additional automatic re-booting system and back-up server for each main server can help to give peace of mind to traders.

Purple Trading Equinix Server

Purple Trading Equinix Server

Purple Trading use a Direct Interbank Market Access (DMA) trading model, offering interbank variable spreads with good execution speeds for all levels of traders. Client transactions are sent on the true interbank market for real market execution. Positive slippage is possible whilst they welcome hedgers, scalpers and high frequency traders (HFT).

Purple Trading Fix Protocol Execution

Purple Trading Fix Protocol Execution

For execution transparency, they publicly show real time statistics on their website of slippage distribution, spreads and execution time.

Purple Trading Execution Statistics

Purple Trading Execution Statistics

Purple Trading offer sophisticated PAMM and copy trading solutions to professional traders and private asset managers. They also have a range of professional trading tools, strict regulation and secure client funds in segregated bank accounts. The Purple Zone client area is very modern whereas the customer support team are prompt and friendly in their responses.

Purple Trading Regulation

Purple Trading is owned and operated by L.F. Investment Limited, a licensed Cyprus Investment Firm regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 271/15. This means that they are legally obligated to follow the rules and conditions of its CySEC license.

In addition to strict regulation, they must follow European MiFID regulations. The markets in financial instruments directive (MiFID) is a regulation that increases the transparency across the European Union’s financial markets and standardizes the regulatory disclosures required for particular markets.

Security and protection of client deposits is one of the top priorities of Purple Trading. Client funds are held in segregated client accounts with major European banking institutions to ensure fast access to your funds at all time. This also means that client funds cannot be used for any other purposes such as business running costs.

Purple Trading undergo external audits and strict internal procedures to make sure your funds always remain safe. Eligible retail clients’ deposits are insured against company bankruptcy up to the amount of €20,000 as a part of the Investors Compensation Fund (ICF).

Purple Trading Countries

Purple Trading cannot currently accept clients from outside of the European Economic Area (EEA) and from Belgium, Switzerland, France and the USA. Some Purple Trading broker features and products mentioned within this Purple Trading review may not be available to traders from specific countries due to legal restrictions.

Purple Trading Platforms

Purple Trading offer a choice of 2 trading platforms and a FIX API solution. There is the popular MetaTrader 4 (MT4) and cTrader platforms to choose from. Both platforms are user friendly, intuitive and suitable for novice and advanced traders alike.

Purple Trading MetaTrader 4 (MT4) Platform

Purple Trading MetaTrader 4 (MT4) Platform

MetaTrader 4 (MT4) Trading Platform

MT4 is a trading platform developed by Russian software company MetaQuotes and used by millions of traders worldwide for trading the financial markets. It contains a vast range of trading tools and resources to assist with market analysis and for convenient and efficient order execution and management. It is considered an all in one terminal with a quick learning curve for all levels of traders. The Purple Trading MT4 utilises an MT4 bridge connected to top tier interbank liquidity providers (LPs).

Purple Trading MetaTrader 4 (MT4) Features

Purple Trading MetaTrader 4 (MT4) Features

MT4 Automated Trading Systems

MT4 supports automated trading systems known as expert advisors (EAs). You can automate your own trading strategy or use third party EAs. There is a strategy tester for back testing EAs over historical data. It should be noted that performance in back testing is by no means any guarantee of future performance as the MT4 strategy tester is very limited.

Purple Trading MT4 Automated Trading Systems

Purple Trading MT4 Automated Trading Systems

MQL Editor

MT4 has a built-in development environment that allows you to develop your own expert advisors, custom indicators and scripts, in the MQL programming language.

Purple Trading MT4 MQL Editor

Purple Trading MT4 MQL Editor

MQL Indicators & Scripts

MT4 users can download additional scripts, EAs and indicators from the MQL community and from directly within the terminal. There are thousands to choose from, free and paid. There is also a signal copying feature where you can copy other traders’ signals onto your MT4 account.

Purple Trading MT4 Indicators & Scripts

Purple Trading MT4 Indicators & Scripts

MT4 Features:

  • Fully customisable
  • Market watch window displays real time quotes of multiple instruments
  • True interbank market liquidity
  • Spreads starting from just 0.1 pips
  • Superior trade execution speeds
  • Multiple order types supported
  • Multiple timeframes (1 minute to 1 month)
  • One click trading & trading from chart
  • Technical indicators & graphical objects for chart analysis
  • Alert notifications via the platform, email & SMS
  • Automated trading with expert advisors (EAs)
  • Freely available on desktop (Windows / Mac), web and mobile (Android / iOS).

MetaTrader 4 (MT4) Web Terminal

The MT4 web platform runs directly in most modern web browsers without needing to download or install any additional software. It has the same core functionality as the desktop platform and can be accessed from anywhere in the world with an internet connection.

Purple Trading MetaTrader 4 (MT4) Web Terminal

Purple Trading MetaTrader 4 (MT4) Web Terminal

MetaTrader 4 (MT4) Mobile App

The MT4 mobile application is freely available for mobile devices on both Android and iOS (iPhone / iPad / Android / Tablet). It can be downloaded from the relevant app stores and enables users to conveniently access their trading account whilst in the go. Users can perform the same core actions as the desktop platform including chart analysis, opening positions, managing positions, closing positions, push notifications and more.

Purple Trading MetaTrader 4 (MT4) Mobile App

Purple Trading MetaTrader 4 (MT4) Mobile App

cTrader Desktop Platform

In addition to the classic MT4 platform, Purple Trading offer clients the cTrader platform which is developed by London-based Spotware Systems Ltd. cTrader is widely appreciated for implementing an intuitive GUI with more advanced trading features and a very convenient back-end setup. It is seen as the ultimate trading solution suitable for the majority of trader’s needs. cTrader is available on Windows, web and mobile devices.

Purple Trading cTrader Desktop Platform

Purple Trading cTrader Desktop Platform

The Purple Trading cTrader accounts have trading conditions that are very similar to MT4 accounts in terms of spreads and fees. They offer fast and direct STP/ECN market access. cTrader benefits from displaying depth of market (DOM) information which can increase price transparency.

Purple Trading cTrader Depth of Market (DOM)

Purple Trading cTrader Depth of Market (DOM)

cTrader Automate Editor

The cTrader Automate Editor enables users to create their own algorithmic trading strategies and custom indicators. It is compatible with C# and .NET frameworks, including a code editor interface and back testing capabilities.

Purple Trading cTrader Automate Editor

Purple Trading cTrader Automate Editor

cTrader Features:

  • STP/ECN direct access to the market
  • Depth of market (DOM) transparent pricing
  • VWAP (Volume Weighted Average Price)
  • 60+ technical indicators for market analysis
  • 26 chart timeframes
  • Custom indicators supported
  • Automated trading programs developed by cTrader Automate (formerly cAlgo)

cTrader Web

Purple Trading offer cTrader for web which is a completely web-based application built on HTML5 design with an easy-to-use and versatile graphical interface. It runs directly in most common web browsers without the need to download or install any additional software. It can also run from mobile devices whilst still maintaining the core features of the cTrader desktop platform. This is useful for those who need to trade whilst on the go.

Purple Trading cTrader Web Platform

Purple Trading cTrader Web Platform

cTrader Mobile

Purple Trading offer the flexible cTrader for mobile devices on both Android and iOS (iPhone / iPad / Android / Tablet). Also developed by Spotware, cTrader mobile is a highly responsive trading app that maintains all of the most important features and options as the desktop platform. You can download the cTrader mobile platform from the relevant app stores. It provides direct market access form anywhere at any time, provided there is an internet connection.

Purple Trading cTrader Mobile Platform

Purple Trading cTrader Mobile Platform


The FIX API is an electronic communications protocol that was developed for the real-time exchange of trade-related information. It is commonly used by professional traders and allows you to avoid the use of intermediation software. It provides direct access to the market with your own programs.

Using the FIX API, advanced developers and quant traders can use their own proprietary algorithms and black boxes to easily connect to the Purple Trading server and use the FIX (Financial Information Exchange) price data feeds. This provides a direct connection to institutional liquidity providers with lower latency and improved fill rates.

Purple Zone

Purple Zone is Purple Trading’s client back-end area that provides access to everything from opening additional accounts, account overview, deposits, withdrawals and an integrated multi-trader. It is available in multiple languages, mobile compatible and supports fast automatic deposits.

Purple Trading Purple Zone

Purple Trading Purple Zone

Purple Trading Tools

Purple Trading offer clients a selection of trading tools to assist with market analysis and to help inspire potential trading opportunities.

Purple Trading Indicators

Purple Trading offer some unique MT4 indicators that are freely available to clients and developed by a team of in-house specialists. These indicators incorporate a vast amount of data and aim to predict potential market movements. They can be used standalone or as part of an overall trading strategy that has additional technical, fundamental, price action and sentiment analysis.

Purple Bands Indicator

The purple bands indicator aims to detect potential trade opportunities based on overbought and oversold markets.

Purple Trading Purple Bands Indicator

Purple Trading Purple Bands Indicator

Purple Strike Indicator

The purple strike indicator is based on historical data and uses a mathematical algorithm that aims to detect the start of high probability trends.

Purple Trading Purple Strike Indicator

Purple Trading Purple Strike Indicator

Purple Extreme Indicator

The purple extreme indicator looks to identify extremely overbought or oversold markets.

Purple Trading Purple Extreme Indicator

Purple Trading Purple Extreme Indicator


Purple Trading clients get free access to the award-winning market scanning Autochartist software.

Purple Trading Autochartist

Purple Trading Autochartist

Autochartist Features:

  • Automatically scan markets for potential trading opportunities
  • Identify chart pattern formations or Fibonacci patterns
  • Volatility analysis for potential stop and profit levels
  • Video tutorials & trading guides to help understand chart analysis
  • Built in risk assessment with risk calculator feature
  • Filter analysis according to probability, pattern, completed/pending and timeframe
Purple Trading Autochartist Features

Purple Trading Autochartist Features

Purple Trading Strategy Providers & Investors

Purple Trading offer simple and user-friendly solutions for strategy providers and percent allocation management module (PAMM) managers. They can provide you with the tools required to help you deliver your strategy to investors and keep it secure.

Purple Trading have a license for portfolio management and are thus able to offer strategy providing in a regulated environment. Money managers can earn from performance/management fees with a wide portfolio of potential clients who can also choose to invest in strategy providers.

Purple Trading Investor Strategies

Purple Trading Investor Strategies

There is a client zone that is designed so that investors can clearly understand the performance of their investments. Investors can compare different strategy providers and choose to copy the trades of traders from across the world in a fully regulated environment throughout EU. Strategies can be filtered by duration, risk level, trading style and more.

Purple Trading Strategy Providers

Purple Trading Strategy Providers

Investors must first pass a suitability test and past performance is by no means any guarantee of future performance.

Purple Trading Education

Purple Trading care about informed trading which is why they have created the Purple Academy. Here you will find a selection of market news, how to guides, tutorials, articles, eBooks, videos, and webinars.

Market News

Purple Trading have a section on their website dedicated to the latest market news. The articles cover different markets and can help to inspire trade ideas.

Purple Trading Market News

Purple Trading Market News

Trading Guides

Purple Trading have a generous selection of trading guides covering a variety of different subjects such as how to trade forex, how to trade stocks, how to trade indices, etc.

Purple Trading Forex eBook

Purple Trading Forex eBook

Purple Trading Club

The Purple Trading Club is a place for discussing interesting trading opportunities with other traders. You can spend the whole day with other traders and talk about ups and downs of trading.

  • An exclusive opportunity to experience side by side live trading with other traders and professionals
  • Casual discussion about potential trading opportunities, market movements, and trading strategies
  • Pleasant atmosphere in the collective of other traders
  • A great way of link building with people from the Forex trading world
Purple Trading Club

Purple Trading Club

Purple Trading Instruments

Purple Trading offer a selection of trading instruments across multiple asset classes including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs.

Purple Trading Instruments

Purple Trading Instruments

Forex currency pairs include minor, exotic and major crosses such as the EURUSD, GBPUSD, USDJPY, EURJPY & more. Indices include the NSDQ, DAX, DOW & more. Precious metals offered include gold & silver. Bitcoin, Litecoin, Ripple & Ethereum cryptocurrencies are also available to trade.

Purple Trading Accounts & Fees

Purple Trading have 3 basic account types to choose from. There is the STP trading account and the ECN trading account along with an account specifically for cryptocurrency trading. By default, the account applied after registration is the STP account. The minimum deposit required to start trading is €100 or an equivalent in another currency.

STP / Direct Market Access Account

The STP account is most likely to be preferable to those who tend to hold trades for longer periods of time. It may also be suitable for traders that prefer to pay only the spread with no other commission fees. The spread shows how much you will pay, with execution affected according to market volatility and by the position volume. The marked up spreads start from 1 pips and trades are sent to the interbank market for execution.

ECN Account

The ECN account is geared towards intraday and automated traders along with those who frequently use scalping strategies. This account also has direct execution at interbank market with live interbank spreads directly from a deep pool of liquidity providers. There are no spread mark-ups on this account type, thus the spreads will tend to be tighter although there is a competitive commission charged starting from $5 per lot depending on trader status.

Crypto Account

The Crypto account type is a special type of account that is dedicated to those who only trade cryptocurrencies. This account can easily be setup from within the clients Purple Zone. It has low spreads that come direct from liquidity providers and a commission charge of 0.15%.

Trader Status

For MT4 accounts, you will be allocated a trader status depending on the size of your deposit and trading activity:

  • Starter – Net deposit from €100 to €1,000
  • Standard – Net deposit from €1,000 to €20,000 (> 6 months active trader)
  • Prime – Net deposit from €20,000 to €60,000 (> 12 months active trader)
  • VIP – Net deposit above €60,000 (> 24 months active trader)

The more funds the client deposits, the lower the commission and spreads offered are.

Trader Status

Trader Status

Demo Account

Demo accounts are available to test the different trading platforms and conditions before opening a real account. They are free of charge and allow you to practice your trading strategies risk free with virtual funds.

Professional Account

The default leverage is variable from 1:2 up to 1:30 depending on the instrument being traded. Those who qualify as professional clients can apply for the professional account which gives increased leverage of up to 1:400 for certain instruments and a reduction on current margin rates, allowing you to trade with more leverage, as opposed to the limitations imposed by ESMA on retail clients.

To qualify as a professional client requires meeting 2 out of the 3 following guidelines, 1) Have a portfolio of greater than $500k (not including property or cash) 2) Have a verified history of placing significant sized positions (down to broker discretion) 3) Have worked in the capacity of a professional position related to derivatives / speculation / trading. Match any two of these requirements to qualify as a professional client.

It is important to note that negative balance protection, Investor Compensation Fund and recourse to the Financial Ombudsman Service may be removed should you qualify for a professional account as you are then classified as professional trader under ESMA regulation.

Loyalty Program

The Purple Trading loyalty program gives clients rewards depending on their amount of trading activity. The more you trade, the more benefits you can get, including exclusive discounts and rewards.

Purple Trading Loyalty Program

Purple Trading Loyalty Program

As broker fees can vary and change, there may be additional fees that are not listed in this Purple Trading review. It is imperative to ensure that you check and understand all of the latest information before you open a Purple Trading broker account for online trading.

Purple Trading Support

Purple Trading customer support is provided via online chat, telephone and email. We found the customer support to be very prompt and polite in response to the various questions we had for them over a sustained period of time.

Purple Trading Deposit & Withdrawal

Purple Trading have a variety of convenient methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit/debit card and online payment systems such as Neteller and Skrill. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.

Some fees may be charged when using certain payment methods. Withdrawal requests are processed within one business day. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.

Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries.

Purple Trading Account Funding

Purple Trading Account Funding

Purple Trading do not accept third-party payments or deposits made from banks regulated outside the EU. All funds deposited into your trading account must be under the same name as your Purple Trading account. All client deposits are held in segregated top tier EU banks.

Accounts can be opened in EUR, USD, CZK, GBP. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

Purple Trading Account Opening

Opening a Purple Trading account is a relatively simple process that is completed online. You first need to review the agreements and enter some basic personal information. You will then need to choose your account details and fill out an investor questionnaire. This is a standard part of the process with online brokers to ensure the products and services are suitable for you, thus for your own protection.

Purple Trading Account Application

Purple Trading Account Application

Once complete, you will need to verify your trading account using a form of identification such as a passport or drivers license and proof of address such as a utility bill no more than 3 months old.

Purple Trading Account Form

Purple Trading Account Form

Within a few days the accounts team should verify your account which you will then be able to fund using any of the convenient deposit methods. After the funds have cleared, you may commence trading.

Purple Trading FAQ

What is the Purple Trading minimum deposit?

Purple Trading have a minimum deposit requirement of $100 or the equivalent in another currency. This is the minimum amount that you need to fund your account with in order to start trading online. You can of course deposit more depending on your needs.

How do I deposit money into Purple Trading?

Purple Trading offers 4 deposit methods: wire transfer, credit card deposit, and electronics wallets Neteller and Skrill. You can find instructions on how to deposit in PurpleZone’s “Deposit” section.

Deposits from third parties are not accepted, as well as payments through prepaid cards. In accordance with the Against Money Laundering Policy, the owner of the trading account must also be the owner of the bank account.

The time taken for the deposited fund to reach your account will depend on the payment method used. Bank transfers can take a few days to clear whereas card and e-wallets payments can be instantaneous.

As a client of Purple Trading, you are allowed to deposit with a card up to 9,999 EUR in total for each month. With Skrill or Neteller, you can deposit a maximum of $5,000 per month.

What are the Purple Trading deposit fees?

Purple Trading charge no fee for credit card deposits. However, there may be a bank transfer fee of 0.5%, depending on the location of your bank and amount being transferred. Skrill and Neteller deposit incur a 2% fee. Payments in a different currency from your account base currency will incur a conversion fee.

How do I withdraw money from Purple Trading?

You can request withdrawals from PurpleZone in the “Withdraw” section. If you deposit funds via bank transfer, you can withdraw funds to your bank account, card withdrawal is not allowed. In case you deposited funds by card, it is necessary to refund the initial deposit to the same card in the same currency first. The possible remaining profit can then be withdrawn via bank transfer.

Withdrawals via bank transfer or card can take a few business days to clear whereas e-wallet withdrawals can be completed within minutes.

What are the Purple Trading withdrawal fees?

Purple Trading charge a $7 fee for credit card withdrawals. There may be a bank transfer fee of 0.5%, depending on the location of your bank and amount being transferred. Skrill withdrawals have a 1% fee and Neteller deposits incur a 2% withdrawal fee.

What is the Purple Trading commission fee?

The Purple Trading commission fee depends on the type of trading account that you choose and your trader status. Generally speaking, the greater the volume that you trade, the lower the commission fee will be.

The STP account has no commission charged per trade, but there is a higher spread compared to the ECN account. The spreads are lower for the ECN account (from 0.1 pip) but there is a fixed commission of $10 USD per standard lot per round turn. For lower trading volume, the commission is charged proportionately, e.g. $1 per 0.1 lot per round turn.

Are there any Purple Trading inactivity fees?

Yes, Purple Trading charge an inactivity fee of $15 once per year quarter. In case the balance is lower than $15, the entire balance amount is deducted. In case there is zero balance on the account, no fee is charged.

Request for deactivation of a trading account must be sent via the registered email address of the client to the support team. Deactivation can be processed only with a zero balance on the account and it can take up to 5 working days.

What are the Purple Trading account types?

Purple Trading have an account to suit different types of trader. You can choose between 3 account types, the STP, ECN and Crypto account. The STP account does not charge a commission but has a spread mark-up. The ECN account has lower spreads but a commission charge between $5-$10 per standard lot round turn, depending on your trading volume.

The Purple Trading account that you choose may depend on the trading strategy that you plan to use. Scalpers may prefer the ECN account with spreads from 0.1 pips. Long term investors may want to use the commission free account if they do not require tight spreads.

You can head over to the ‘Account Types’ section on the Purple Trading website to read about each of these account types in further detail.

Is there a Purple Trading demo account?

Yes, a Purple Trading demo account is created immediately after completing the sign-up form and all credentials are sent to your registered email address. You can set up the account type, leverage, currency, trading platform, and initial deposit while filling out the form. You can also change all these settings later on by sending support an email request.

Demo accounts can be a great way to familiarise yourself with the brokers platforms and to practice your trading strategies until you are producing consistent results.

The Purple Trading demo account automatically expires after 90 days if you don’t login. You can add a demo account at any time from the PurpleZone client area.

What are the Purple Trading spreads?

We found the Purple Trading spreads to be very competitive, especially on the ECN account, where they have variable spreads that start from just 0.1 pips. The STP account does have higher spreads but this is because the commission fee is included within it. The spread is the difference between the bid (buy) and ask (sell) price, which is a fee you pay your broker.

What is the Purple Trading leverage?

Purple Trading leverage ranges from 1:2 up to 1:30, depending on the instrument that you are trading. Those who qualify as professional traders can request leverage up to 1:400.

Leverage allows a trader to enter a larger position size than they would have been able to without it. This can increase both the potential profit and potential loss of a trade. It is therefore imperative to have a clear understanding of what leverage is and how it works before you consider using it.

Leverage is expressed as a ratio, for example if your leverage is 1:2, this means that you can hold a position that is the 2 times the value of your trading account. E.g. If your account had a balance of $5000, you could take a position size of $10,000.

What are the Purple Trading margin & stop-out levels?

The Purple Trading Margin call level is set up to 100% of the used margin (the equity of the account is equal to the used margin). If the margin level drops to this value, the client is notified to fund their account to keep the positions open or to be able to open new trades. The notification is displayed directly in MT4 and cTrader and at that moment it is not possible to open another trading position.

The Purple Trading stop-out level is set to 50%. If margin level falls to this level, MT4 or cTrader server automatically closes the trading position, which is in the biggest loss, until the margin level is again at least 50%.

Margin is the free capital which a client has to have available on their trading account in order to be allowed to open a specific trading position. The volume of the required margin for currency pairs is related to the leverage. For CFD instruments the margin requirements are implemented directly and they are not related to the leverage.

Do Purple Trading allow hedging, scalping & expert advisors?

Yes, Purple Trading allow all types of trading strategies provided they do not breach the brokers terms and conditions. You can scalp, hedge and use automated trading systems such as expert advisors (EAs) on the MetaTrader platform.

Is there a Purple Trading Islamic account?

No, Purple Trading do not offer Islamic swap-free accounts at this time.

What are the Purple Trading instruments?

Purple Trading provide a wide range of trading instruments across multiple asset classes including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies and CFDs.

How do I open a Purple Trading live account?

You need to complete a short application form on the Purple Trading website in order to open a trading account with them. Once you have submitted the completed application form together with the correct documents, they will process it within 1 working day.

How do I verify my Purple Trading account?

You will need two valid official documents for the registration: a document proving identity and a document confirming the residential address.

  • Identification document – valid passport or identity card.
  • Confirmation of address – a utility or bank account statement, no older than 6 months.

What is the Purple Trading platform?

Purple Trading offer the MetaTrader 4 (MT4) and cTrader platforms, for desktop, web and mobile. They also support FIX API trading.

Where can I download the Purple Trading platform?

You can download the relevant platforms free of charge from the brokers website. Alternatively, you can launch the web platforms in your web browser and download the mobile apps to your phone.

Where is Purple Trading located?

Founded in 2016, Purple Trading has offices in Cyprus, Czech Republic and Slovakia.

Is Purple Trading regulated?

Yes, Purple Trading is regulated by the Cyprus Securities and Exchange Commission (CySEC).

What countries do Purple Trading accept?

Purple Trading can only accept clients from within EU, excluding Belgium, Switzerland and France.

Is Purple Trading a scam?

No, Purple Trading is not a scam. They are a regulated brokerage firm that has been offering innovative online trading solutions since 2016.

How can I contact Purple Trading support?

Purple Trading customer support team are happy to assist you via email, telephone, live chat and social media. From our experience, they were very prompt and polite in their response to the various question that we had.

Purple Trading Summary

Purple Trading is an innovative online broker using some of the best trading technologies available to help deliver tight spreads, competitive commissions and rapid trade execution speeds. They provide clients with a choice of advanced yet user-friendly trading platforms that are compatible with desktop, web and mobile devices.

Purple Trading also offer a variety of trading tools along with account types to cater for different styles of trader. There are multiple deposit and withdrawal methods for quick and easy account funding. Furthermore, the dedicated customer support team are on hand around the clock to assist you with your needs.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.20% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Purple Trading Logo

Min $100 Deposit

Purple Trading is a regulated broker offering reliable, transparent & fair-trading conditions to all traders. They offer multi-asset trading with tight spreads, low fees & rapid execution speeds across user-friendly trading platforms.