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Broker Reviews

Purple Trading

Tradomatix TrustScore™:

3.59

(64 Reviews)
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5-star

62.50%

4-star

1.56%

3-star

1.56%

2-star

4.69%

1-star

29.69%
Replied to 45.00% of reviews
Typically replies within 157.12 hours

About Purple Trading

Purple Trading provides access to global financial markets including forex and CFDs on commodities, indices, stocks, and select exchange_traded funds via its web and mobile platforms. The company is operated by L.F. Investment Limited and centres its offering on European clients through regulation under European authorities.

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Regulation & Security

Regulation & Security at Purple Trading is anchored by its Cyprus Investment Firm licence with Cyprus Securities and Exchange Commission (CySEC) licence number 271/15. The firm also maintains registrations with several European regulatory bodies and enforces measures such as client fund segregation and negative balance protection.

Account and Setup

When setting up an account with Purple Trading, clients complete identity verification and choose from account types tailored to trading style; the firm accepts only residents of the European Economic Area and enforces a minimum deposit threshold (commonly cited as USD 100).

Funding Options

Funding channels at Purple Trading include bank transfers and card deposits with some transactions processed quickly; the broker states that client monies are held in segregated accounts and confirms compliance with EU client-fund protection guidelines.

Bot & API Compatibility

On the Bot & API Compatibility front, Purple Trading supports the MetaTrader 4, MetaTrader 5 and cTrader platforms, all of which permit algorithmic trading and Expert Advisor deployment consistent with EA-based strategy implementation.

Trading Conditions& Restrictions

In terms of Trading Conditions & Restrictions, Purple Trading operates under European regulation meaning leverage is subject to regional limits and spreads vary by account type with ECN spreads starting low; the broker provides negative balance protection and adheres to stop-out and margin call levels appropriate to its regulated entity.

Regulation & Security

Regulation & Security at Purple Trading is anchored by its Cyprus Investment Firm licence with Cyprus Securities and Exchange Commission (CySEC) licence number 271/15. The firm also maintains registrations with several European regulatory bodies and enforces measures such as client fund segregation and negative balance protection.

Account and Setup

When setting up an account with Purple Trading, clients complete identity verification and choose from account types tailored to trading style; the firm accepts only residents of the European Economic Area and enforces a minimum deposit threshold (commonly cited as USD 100).

Funding Options

Funding channels at Purple Trading include bank transfers and card deposits with some transactions processed quickly; the broker states that client monies are held in segregated accounts and confirms compliance with EU client-fund protection guidelines.

Bot & API Compatibility

On the Bot & API Compatibility front, Purple Trading supports the MetaTrader 4, MetaTrader 5 and cTrader platforms, all of which permit algorithmic trading and Expert Advisor deployment consistent with EA-based strategy implementation.

Trading Conditions& Restrictions

In terms of Trading Conditions & Restrictions, Purple Trading operates under European regulation meaning leverage is subject to regional limits and spreads vary by account type with ECN spreads starting low; the broker provides negative balance protection and adheres to stop-out and margin call levels appropriate to its regulated entity.

Purple Trading Reviews

( 64 )

Purple Trading Reviews

( 64 )
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