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.
Purple Trading is a Forex broker with a CySEC Cypriot regulator license that uses Straight Through Processing (STP) technology. It was registered in 2016 in Cyprus but currently has representative offices in the Czech Republic and Slovakia. Purple Trading allows clients to trade different types of CFDs and currency pairs, buy and sell real shares of Italian companies, as well as invest in ETFs.
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.
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Purple Trading User Reviews
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5-star
0%
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4-star
0%
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3-star
21%
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2-star
55%
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1-star
23%
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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
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Purple Trading with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Purple Trading’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Purple Trading Standard spreads Purple Trading OANDA FOREX.com EUR/USD min, pips 0.3 0.1 0.7 EUR/USD max, pips 0.5 0.5 1.2 GPB/USD min, pips 0.3 0.1 0.9 GPB/USD max, pips 0.7 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Purple Trading RAW/ECN spreads Purple Trading OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 5 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.1 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Purple Trading. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Purple Trading Non-Trading Fees Purple Trading OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0-0.5 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0-0.5 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
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
Purple Trading Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level CySec
Full Name Cyprus Securities and Exchange Commission Country of regulation Cyprus Investor Protection Fund Up to €20,000 Regulation Level Tier-1 Purple Trading Security Factors Foundation date 2012 Negative balance protection YesVerification (KYC) Yes -
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.
- Low minimum deposit
- Standard account with balanced trading conditions
- Demo account
- Micro lots are not available
- No VIP account option
Purple Trading account types vs top competitors Purple Trading Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNoPurple Trading accounts trading conditions
Purple Trading offers three accounts: ECN, STP, and Pro. Every trader who meets the requirements of deposit size, balance, and trading days can obtain one of the four statuses, such as Starter, Standard, Prime, and VIP. The higher the status, the lower the spreads on STP and commission per lot on ECN. To get Starter status you have to deposit from €100 to €1,000; Standard is from €1,000 to €20,000; Prime is from €20,000 to €60,000; and VIP is more than €60,000. To get the loyalty level Standard, you have to have actively traded for at least 6 months; for Prime, for at least 12 months; and for VIP, for at least 24 months.
Account types:
Account Type Description STP is a Direct Market Access Account, which allows you to trade all available currency pairs and CFDs, except CFDs on cryptocurrencies. The minimum deposit is 100 USD/EUR. The size of the spread depends on the status obtained. The broker offers spreads from 1.6 pips for Starter and Standard; from 1.4 pips for Prime; and from 1.1 pips for VIP status. ECN is an account with spreads from 0.5 pips and supports cryptocurrency trading via MT4. Like the STP account, it requires a minimum deposit of 100 USD/EUR. The commission per lot for traders with Starter and Standard statuses is $10; for Prime, it’s $8; and for VIP, it’s $5. PRO is an account that only clients with a Professional status can open. Professional traders have the opportunity to trade with increased leverage. The maximum leverage is provided on currency pairs. The exact amount depends on the total balance of the trading account. With a balance of up to €10,000, the leverage is up to 1:500; from €10,000 up to €100,000, it’s 1:200; and over €100,000, it’s 1:100. The broker allows testing the trading conditions and the platform's functionality using free Demo accounts with conditions identical to those of the real accounts.
Purple Trading is an STP broker which aims at meeting the demands of every trader, regardless of their experience and capital available.
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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.
Purple Trading provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank wire transfers available
- Bank card deposits and withdrawals
- Minimum deposit below industry average
- Low minimum withdrawal requirement
- Withdrawal fee applies
- BTC payments not accepted
- Deposit fee applies
What are Purple Trading deposit and withdrawal options?
Purple Trading provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire.
Purple Trading Deposit and Withdrawal Methods vs Competitors Purple Trading Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC NoNoNoWhat are Purple Trading base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Purple Trading supports the following base account currencies: USD, EUR, GBP, CZK, PLN.
What are Purple Trading's minimum deposit and withdrawal amounts?
The minimum deposit on Purple Trading is $500, while the minimum withdrawal amount is $0. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Purple Trading’s support team.
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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.
- Indices trading
- Crypto trading
- 60 supported currency pairs
- Copy trading not available
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Purple Trading with its competitors, making it easier for you to find the perfect fit.
Purple Trading Trading.com Plus500 Currency pairs 60 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 142 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products Purple Trading offers for beginner traders and investors who prefer not to engage in active trading.
Purple Trading Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading NoNoNoPAMM investing YesNoNoManaged accounts NoNoNo -
Trading Account Opening
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 /10We 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. The onboarding procedure works as expected, although there is room for improvement in speed and simplicity.
- Low minimum deposit requirement
- Fully online account opening process
- Account approval may require extra time depending on the documentation.
- Registration process may take longer than expected
Purple Trading account opening Purple Trading Trading.com Plus500 Online Registration YesYesYesMinimum deposit $500 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 20 20 KYC time (days) 2 2 3 Is Purple Trading available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To start trading with Purple Trading, you need to register on the company's website and create a member’s area. To do this, follow the steps below:
Go to the Purple Trading website and click Open Account.
In the registration form, enter your first name, last name, email address, country, and phone number.
Select your account currency.
Log in to your member’s area using your email and password.
Functions of the member's area:
- Opening a new trading account.
- Making a deposit.
Also in the member’s area, the client can:
- Open additional accounts.
- Transfer funds between his own accounts.
- Request a withdrawal of funds.
- Generate reports on commissions deducted by the company.
- Switch to and disconnect from the strategies of professional traders.
- Review all open and closed positions as well as the effectiveness of the chosen strategy.
- Track returns on ETF portfolios.
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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 /10Customer support at Purple Trading is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. Purple Trading provides basic support functionality but does not stand out in overall service performance.
InformationSupport operators are available from 8:00 to 16:00 Monday to Friday (CET). Technical support is not available on weekends or holidays.
- Prompt response through any form of communication
- No registration is required to communicate with a live chat operator
- Support is available in 6 languages
- Works in 8/5 mode
- Callback orders are not available
You can contact the support in the following ways:
- by phone, listed in the Contact block;
- through online chat on the website;
- via email;
- Through Facebook, LinkedIn, and Twitter.
The Contact section also contains an emergency phone number that can be used to call in case of problems with logging into a trading account or placing an order.
Contacts Foundation date 2012 Registration address Suite 3 Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles Regulation CySEC, BaFin, ESMA, SFSA Licence number:
SD041Official site https://www.purple-trading.com/ Contacts support@purple-trading.com help@purple-trading.sc +44 14 46 506 711, +44 14 46 509 157
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FAQs
What trading commissions and non-trading fees does Purple Trading charge?
Purple Trading has been assessed as having medium overall fees, with low forex trading costs, tight EUR/USD spreads, and no inactivity fee. Standard account spreads on EUR/USD typically range from 0.3 to 0.5 pips, while ECN accounts show average EUR/USD and GBP/USD spreads of about 0.1 pips plus a $5 commission per lot; deposits and withdrawals may incur fees between 0% and 0.5% depending on the method.
What types of trading accounts are available with Purple Trading and how do their conditions differ?
Purple Trading offers STP, ECN, and PRO accounts, along with demo accounts that mirror real trading conditions. STP accounts start from 1.6 pips for Starter and Standard statuses, ECN accounts have spreads from 0.5 pips with commissions that decrease from $10 to $5 per lot as status improves, and PRO accounts for professional clients provide higher leverage levels that depend on account balance; cent and micro accounts are not available.
What do reviews and feedback say about user satisfaction with Purple Trading?
User satisfaction with Purple Trading is mostly negative, with a user satisfaction score of 4/10 based on 47 reviews. According to user reviews, 55% of ratings are 2-star and 23% are 1-star, while 21% are 3-star and there are no 4- or 5-star ratings reported in this dataset.
How do reviews describe the account opening process at Purple Trading?
The account opening process at Purple Trading is fully online, with registration taking about 20 minutes and KYC verification typically completed within 2 business days. The minimum deposit is $500, and while the procedure generally works as expected, the review notes that approval and registration may take longer than anticipated depending on documentation and process speed.
How is Purple Trading customer support rated in reviews and feedback?
Customer support at Purple Trading is described as functional but not exceptional, with a safety score of 6.7/10 and moderate response times that vary with request complexity. Support is available in six languages via phone, live chat, email, and social media from 8:00 to 16:00 CET on weekdays, but there is no weekend or holiday technical support and no callback option.
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