A Forex broker licensed by the Cypriot regulator CySEC, operating on Straight Through Processing (STP) technology. It was registered in Cyprus in 2016, but currently has branches in the Czech Republic and Slovakia. Purple Trading allows clients to trade various types of CFDs and currency pairs, buy and sell real shares of Italian companies, and invest in ETFs.
Review content – Purple Trading:
- What interesting offers does Purple Trading have for traders?
- Account types at Purple Trading
- Trading platforms
- Overall first impression
- Purple Zone – everything on one page
- Final score
What interesting offers does Purple Trading have for traders
Purple Trading, based in Cyprus, operates under the supervision of the Cyprus Securities and Exchange Commission (CYSEC). It offers maximum leverage of up to 1:30 for retail clients and up to 1:500 for professional clients, depending on the instrument. Spreads start from 1.3 pips for STP accounts and 0.3 pips for ECN accounts. Clients can trade various assets, including Forex, indices, commodities, stocks, and futures. Purple Trading offers several account types, such as ECN, STP, and PRO, each with its own fee structure and benefits. A free demo account is also available for users who want to try out trading strategies.
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Account types at Purple Trading
Registering on the website takes less than 10 minutes. You will need to choose the account type that suits you best.
The first option is STP (straight through processing). This account is more suitable for position traders who hold trades for longer periods of time and only want to pay for spreads without additional fees.
The second option is an ECN account. The main features of an ECN account are direct execution on the interbank market, as with STP/direct market access, and live interbank spreads directly from our liquidity providers. In addition, a commission is payable for each trade opened and closed.
The third option is PRO.
And, of course, the Purple Trading demo account.
If you become a user, you will receive:
- Leverage up to 1:400;
- Negative balance protection;
- Funds stored in separate bank accounts.
Trading platforms
Purple Trading provides access to three leading trading platforms, MetaTrader 4/5 (MT4/5) and cTrader, which offer clients a complete set of tools and features for effective trading.
MetaTrader 4/5, a widely recognized platform in the industry, offers advanced charting capabilities, customizable indicators, and automated trading with expert advisors (EAs), providing traders with robust technical analysis tools.
On the other hand, cTrader stands out with its intuitive interface, instant transaction execution, and price transparency, catering to traders who prioritize speed, accuracy, and depth of market research.
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Overall first impression
The website is designed in a very informative and clear format. It is difficult to get lost, as all categories and information are well structured.
In addition to trading, the website also features a dedicated section with educational information. However, if you want to achieve a more professional level of trading, you can participate in the broker’s regular online webinars (a new feature).
Transparency is one of the key qualities of a trader. In the Our Team section, you will find open information about the company’s management with LinkedIn profiles, and you can also arrange a call with any of them if necessary.
To contact PurpleTrading support, call +420 228 884 711 or email [email protected] for new customers or [email protected] for existing customers. Online chat, Facebook, LinkedIn, and Twitter are also available.
Support hours: Mon–Fri, 8 a.m.–4 p.m. (Central European Time).
If you want to receive new information about the broker, you can simply subscribe to the newsletter.
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Purple Zone – everything on one page
Purple Zone – is a personal page for each user, where the entire user profile is recorded. To access the Purple Zone, you must have a real account, but no deposit is required. In this section, users can view all trading analyses and all current and completed trades. The Purple Zone has a mobile and PC version, so access is no problem.
Final score
We recommend Purple Trader to both new and experienced brokers. Newcomers to the site will find lots of tutorials and can take advantage of various automatic trading strategies.
Experienced brokers can trade various CFD and ETF products for relatively democratic commissions. Technical support is available in various formats, and social media accounts are active.
License, transparency, variability, top-notch trading products, trading prospects – all of this can be used to describe Purple Trading.
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