According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $500
- cTrader
- MetaTrader4
- CySEC
- BaFin
- ESMA
- SFSA
- 2012
Our Evaluation of Purple Trading
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Purple Trading is a moderate-risk broker with the TU Overall Score of 6.02 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Purple Trading clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Purple Trading is a regulated STP broker whose conditions will suit both novice traders and professionals from European Economic Area countries.
Brief Look at Purple Trading
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.
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- 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 and experienced retail clients.
- The broker does not cooperate with traders living outside the European Union, as well as inside the United States, Belgium, France, Russia, Switzerland, and Gibraltar.
- There are no contests or bonuses for trading or investing in the company.
TU Expert Advice
Author, Financial Expert at Traders Union
Purple Trading provides Forex and CFDs trading through MetaTrader 4 and cTrader platforms, and presents different account types tailored for both novice and professional traders. The broker is licensed by CySEC and allows investments in various asset classes including real Italian stocks and ETFs. Traders benefit from tight spreads on ECN and STP account types, no deposit or withdrawal fees, and options for passive income through PAMM accounts. With trading tools and a focus on client safety, it offers a supportive trading environment.
However, Purple Trading's disadvantages include high leverage being limited to experienced retail and professional clients, and restricted accessibility outside the European Economic Area, including the U.S. The lack of trading contests or bonuses may not appeal to those seeking added incentives. Therefore, its offerings may be more suitable for traders looking for regulated environments, tight spreads, and diverse trading instruments but may not be ideal for those seeking extensive bonuses or broader geographical accessibility.
- You are a beginner trader. Purple Trading offers educational resources, a demo account, and low minimum deposits, creating a supportive environment for newcomers to learn and start trading.
- You prefer competitive spreads and flexible account options. Purple Trading provides STP/ECN execution with competitive spreads and a choice of account types featuring different commission structures, allowing you to tailor your trading experience.
- Copy trading interests you. Purple Trading offers a copy trading function, enabling you to follow experienced traders and potentially benefit from their expertise.
- Limited asset selection is a concern. Purple Trading primarily focuses on forex and CFDs, offering a smaller selection of other assets compared to some competitors.
Purple Trading Trading Conditions
Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. Purple Trading Ltd and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | MetaTrader 4, cTrader |
|---|---|
| 📊 Accounts: | Demo, Standard, RAW |
| 💰 Account currency: | USD, EUR, GBP, CZK, PLN |
| 💵 Deposit / Withdrawal: | Credit/debit card, SEPA payment in EUR, Sticpay, International payment in other currencies |
| 🚀 Minimum deposit: | $500 |
| ⚖️ Leverage: | Retail traders get up to 1:30; experienced retail traders get up to 1:100; and professional traders get up to 1:500 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,1 pips |
| 🔧 Instruments: | Currency pairs, CFDs on stocks, indices, commodities, futures, cryptocurrencies, real Italian stocks, and ETFs |
| 💹 Margin Call / Stop Out: | 50%/20% |
| 🏛 Liquidity provider: | EXT, Ltd, IS Prime, LMAX Group, Barclays, Commerzbank, and Goldman Sachs |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Instant and Market |
| ⭐ Trading features: | Trading fee amount depends on the status assigned to a client |
| 🎁 Contests and bonuses: | Yes, Traders Union bonuses |
The Purple Trading broker offers demo, STP, and ECN accounts for trading currency pairs, CFDs, real shares, and ETFs. Leveraged trades are available, but leveraged trading in cryptocurrencies and real stocks is not possible. The company provides cTrader and MT4 platforms, transmits quotes from reputable liquidity providers, and allows each client to open an unlimited number of trading accounts in 5 currencies.
Purple Trading Key Parameters Evaluation
Video Review of Purple Trading
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Trading Account Opening
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:
Also in the member’s area, the client can:
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Open additional accounts.
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Transfer funds between his own accounts.
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Request a withdrawal of funds.
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Generate reports on commissions deducted by the company.
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Switch to and disconnect from the strategies of professional traders.
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Review all open and closed positions as well as the effectiveness of the chosen strategy.
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Track returns on ETF portfolios.
Regulation and safety
Purple 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 13 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 |
Cyprus Securities and Exchange Commission | Cyprus | Up to €20,000 | Tier-1 |
Purple Trading Security Factors
| Foundation date | 2012 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Purple Trading have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- Above-average Forex trading fees
- Deposit 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 | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,3 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,5 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,3 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,7 | 1,4 | 0,5 |
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 | Pepperstone | OANDA | |
| Commission ($ per lot) | 5 | 3 | 3,5 |
| EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,1 | 0,15 | 0,2 |
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 | Pepperstone | OANDA | |
| Deposit fee, % | 0-0,5 | 0 | 0 |
| Withdrawal fee, % | 0-0,5 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
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:
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.
Deposit and withdrawal
Purple Trading received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
Purple Trading offers limited payment options and accessibility, which may impact its competitiveness.
- Low minimum withdrawal requirement
- Bank wire transfers available
- Bank card deposits and withdrawals
- PayPal not supported
- Wise not supported
What are Purple Trading deposit and withdrawal options?
Purple Trading offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire. This limitation may restrict flexibility for users, making Purple Trading less competitive for those seeking diverse payment options.
Purple Trading Deposit and Withdrawal Methods vs Competitors
| Purple Trading | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are Purple Trading base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Purple Trading supports the following base account currencies:
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.
Markets and tradable assets
Purple Trading offers a limited selection of trading assets compared to the market average. The platform supports 142 assets in total, including 60 Forex pairs.
- Crypto trading
- Indices trading
- 60 supported currency pairs
- Bonds not available
- No ETFs
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 | Plus500 | Pepperstone | |
| Currency pairs | 60 | 60 | 90 |
| Total tradable assets | 142 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment 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 | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | Yes | No | Yes |
| Managed accounts | No | No | No |
Customer support
Support operators are available from 8:00 to 16:00 Monday to Friday (CET). Technical support is not available on weekends or holidays.
Advantages
- Prompt response through any form of communication
- No registration is required to communicate with a live chat operator
- Support is available in 6 languages
Disadvantages
- Works in 8/5 mode
- Callback orders are not available
You can contact the support in the following ways:
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by phone, listed in the Contact block;
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through online chat on the website;
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via email;
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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: SD041 |
| Official site | https://www.purple-trading.com/ |
| Contacts |
+44 14 46 506 711, +44 14 46 509 157
|
Education
The Purple Trading website has several sections with tutorials. In the footer of the site, there is a block labeled Where to Start in which the concept of "Forex" is explained in general terms. Also, useful information for newbies is available in the FAQs section. The Academy block contains ebooks.
Clients who join the Purple Trading Club get access to a personal meeting with professional traders with years of trading experience. The conferences are attended by no more than 10 people and are held at least once every 2 weeks.
Comparison of Purple Trading with other Brokers
| Purple Trading | Bybit | Eightcap | XM Group | RoboForex | Exness | |
| Trading platform |
cTrader, MetaTrader4 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
| Min deposit | $500 | No | $100 | $5 | $10 | $10 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
| Trust management | Yes | No | No | No | No | No |
| Accrual of % on the balance | 1.00% | No | No | No | 10.00% | No |
| Spread | From 0.5 points | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points |
| Level of margin call / stop out |
50% / 20% | No / 50% | 80% / 50% | 100% / 50% | 60% / 40% | 60% / No |
| Order Execution | Market Execution, Instant Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | Yes | Yes |
Detailed Review of Purple Trading
Purple Trading offers its clients the option of Straight Through Processing (STP) without dealing with desk or price requotes. Lightning-fast order execution is ensured by the LD4 Equinix servers located in London. In addition, the broker carries out more than 80% of transactions with no slippage. Also by using STP (conflict of interest model) Purple Trading increases the safety of client funds. All the trades are redirected directly to the interbank market, and traders' money is used exclusively for trading and not for any other purpose.
Purple Trading’s success by the numbers:
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More than 5 years of successful operations in the CEE (Central and Eastern Europe) region.
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The company is registered by 12 European financial commissions.
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Four custom technical analysis indicators are available for clients.
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More than 200 instruments are available for trading.
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The speed of trade order execution is about 100 milliseconds.
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The Purple Trading website is translated into 4 languages for maximum user convenience.
Purple Trading is a regulated broker that offers access to FX and CFD trading through popular trading platforms.
Purple Trading is trying to take into account the interests of all traders - both retailers and professionals. There are 60 currency pairs, over 100 CFDs on shares, futures, stock indices (Nasdaq, Dax, SP500, etc.), oil, gold, silver, and other commodities that are available for trading. The amount of leverage depends on the asset class and the trader's status. Cryptocurrency pairs are represented by US dollars paired with BTC, LTC, ETH, XRP, and BCH. Leverage is not available for all clients. Traders can also buy and sell real shares through Purple Trading. Securities of 12 Italian companies are available, but margin trading in this asset class is not supported.
Purple Trading customers can trade through desktop, mobile, and web-based versions of MetaTrader 4 and cTrader terminals. However, when choosing a trading platform, please note that trades in real shares, stock CFDs, and futures can only be made using MT4.
Useful services of Purple Trading:
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Purple Indicators. The company offers 4 in-house developed technical indicators: Purple Extreme and Purple Bands, Purple Strike trend indicator, and Purple Levels for monitoring support and resistance levels.
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Download Center. Here the trader can download any version of the MT4 and cTrader terminal, custom indicators of Purple Trading analysts, and a media kit (PR materials about the company).
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Account Overview. Application is available for clients with VIP status, with the help of which you can get individual analysis from professional traders and analysts of ftmo.com.
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Mentor. A feature supported by MT4 that allows the trader to trade according to previously set rules. If a trading strategy violates any rule, the information about it comes directly to the platform.
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Market Analysis. An education section with up-to-date news, market overviews, and forecasts on the price movements of popular assets of various classes.
Advantages:
The client can open an unlimited number of trading accounts.
The company provides high-speed transactions, so it is suitable for scalpers.
Any strategy is allowed, including algotrading and hedging.
Quotes are supplied by large liquidity providers.
The company ensures the safety of clients' funds and compensates for their financial losses in case of its bankruptcy.
The broker offers access to all possible versions of two popular trading platforms, the functionality of which is tailored to the different needs of clients.
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