Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Purple Trading Pros & Cons
- Support for trading different asset classes.
- Available minimum deposit size.
- CySEC license and regulation by authoritative EU commissions.
- Ability to earn passive income through PAMM accounts and invest in ETFs.
- Availability of MetaTrader 4 and cTrader trading platforms.
- Tight spreads on both ECN and STP accounts.
- No deposit, withdrawal, or account maintenance fees.
- High leverage is available only to professional clients.
- The broker does not cooperate with traders from outside the EU.
- There are no contests or bonuses.
TU Expert Verdict
Purple Trading demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
Purple Trading User Reviews
-
5-star
0%
-
4-star
0%
-
3-star
21%
-
2-star
55%
-
1-star
23%
-
Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria6 /10The trading and non-trading commissions of Purple Trading have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- Deposit fee applies
- Withdrawal fee applies
-
Is Purple Trading Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria9 /10Purple Trading has a safety score of 9/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record over 14 years
- Strict requirements and extensive documentation to open an account
-
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.6.1 /10Purple Trading offers the following account options: Demo, Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Demo account
- Tight spread ECN account
- Standard account with balanced trading conditions
- No Swap Free account
- Micro lots are not available
-
Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology5.3 /10Purple Trading received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
-
Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria5.3 /10Purple Trading offers a limited selection of trading assets compared to the market average. The platform supports 142 assets in total, including 60 Forex pairs.
-
Trading Account Opening
We successfully registered an account with Purple Trading in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Purple Trading is $500.Score:We evaluated Trading Account Opening at Purple Trading by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.6 /10The onboarding procedure works as expected, although there is room for improvement in speed and simplicity.
-
Customer Support
Score:We evaluated Customer Support at Purple Trading by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria6.7 /10
Best Purple Trading Alternatives
Purple Trading Video Guides
FAQs
How safe is trading with Purple Trading in terms of regulation and investor protection?
Purple Trading has a safety score of 9/10, described as a high security level, and is regulated by the Cyprus Securities and Exchange Commission (CySEC), classified here as Tier-1 regulation. Client funds may be covered by an investor protection fund up to €20,000, and the broker applies negative balance protection and mandatory KYC. The company was founded in 2012, giving it a track record of more than 10 years.
What trading and non-trading fees can traders expect at Purple Trading?
According to this section, Purple Trading’s overall fee level is rated as medium, with low forex trading fees, tight EUR/USD spreads, and no inactivity fee. Standard account EUR/USD spreads typically range from 0.3 to 0.5 pips, while ECN accounts show an average EUR/USD spread of 0.1 pips plus a $5 commission per lot. Non-trading fees include deposit and withdrawal charges in the range of 0–0.5%, with no fixed withdrawal or inactivity fees specified.
What account types and trading conditions does Purple Trading provide?
This section states that Purple Trading offers Demo, Standard, ECN/Raw (ECN), STP, and Pro accounts, but does not provide Cent, Micro, Swap Free, VIP, or Managed accounts. STP and ECN accounts require a minimum deposit of 100 USD/EUR, with spreads and commissions varying by client status (Starter, Standard, Prime, VIP), while the Pro account is available only to professional clients with higher leverage that depends on account balance. The broker also offers a loyalty/status system where higher status can reduce spreads or commissions, and demo accounts mirror real account conditions.
How do reviews and feedback describe the Purple Trading account opening process?
The information here indicates that account registration with Purple Trading took about 20 minutes in testing, with KYC verification completed within 2 business days. The process is fully online and described as functioning as expected, though it may take longer than some users anticipate and approval time can depend on submitted documents. The minimum deposit mentioned in this section is $500, and the client area allows managing accounts, funding, withdrawals, and strategy-related functions.
What do available feedback and comments say about Purple Trading customer support?
This section describes Purple Trading’s customer support as providing basic functionality with moderate response times that can vary depending on the complexity of the request. Support is available Monday to Friday from 8:00 to 16:00 CET in six languages, via phone, online chat, email, and social networks, but there is no weekend technical support or callback option. Some requests are handled efficiently, while others may require follow-ups, according to the described experience.
Articles that may help you
-
#For Beginners
Purple Trading IB Program & Other Promotions 2026
June 2026 Ivan Andriyenko -
#For Beginners
Purple Trading Available Countries – Full List (2026)
June 2026 Parshwa Turakhiya -
#For Beginners
Purple Trading Withdrawal Fees, Time & Payment Methods (2026)
June 2026 Andrey Mastykin -
#For Beginners
Is Purple Trading Regulated and Safe in 2026
May 2026 Mikhail Vnuchkov -
#For Beginners
June 2026 Mikhail Vnuchkov
-
#For Beginners
AI in Forex Trading | How to Create a Trading Strategy
June 2026 Andrey Mastykin -
#For Beginners
Best Leverage For Forex Trading
June 2026 Aleksandra Chaikina -
#For Beginners
Effective Forex Trading Strategies: Full Guide to Profits
June 2026 Andrey Mastykin -
#For Beginners
Timeframes in Forex Trading: What Do Retail Traders Choose? | TU Research
June 2026 Anastasiia Chabaniuk
