Purple Trading

Introduction

Purple Trading was established in 2016, headquartered in Cyprus, and operates under the regulation of the Cyprus Securities and Exchange Commission (CYSEC) with license number 271/15. The broker provides a transparent and secure trading environment while strictly adhering to international financial standards.

Trading Products

Clients have access to a wide range of financial instruments, including:

• Forex
• Indices
• Commodities
• Stocks
• Futures

Other asset classes such as cryptocurrencies, bonds, or ETFs are currently not supported.

Account Types

Purple Trading offers three main account types along with a free demo account:

• STP: Designed for long-term traders, spreads starting from 1.3 pips.
• ECN: Suitable for short-term trading, spreads starting from 0.3 pips, commissions 5–10 USD/lot.
• PRO: Tailored for professional clients, with more flexible conditions.

Additionally, traders can open a demo account (with virtual funds starting from 1,000 EUR/USD/GBP/CZK/PLN) to practice strategies before live trading.

Leverage

• Retail clients: up to 1:30 across all products.
• Professional clients: up to 1:500 on selected instruments.

Trading Platforms

Purple Trading supports leading platforms:

• MetaTrader 4/5 (MT4/5): Advanced charting, customizable indicators, and automated trading via Expert Advisors.
• cTrader: Modern interface, fast execution, and Level II pricing transparency, ideal for professional traders.

Deposits & Withdrawals

• Supported payment methods: Visa, MasterCard, local and international bank transfers.
• Free deposits/withdrawals with Visa, MasterCard, and local transfers.
• International transfers incur a 0.5% fee (minimum €5, maximum €100).
• Deposits are processed instantly, while withdrawals are typically completed within one business day.

Customer Support

Purple Trading offers multi-channel customer support:

• Phone: +420 228 884 711 (general), +44 14 46 506 711 (emergency)
• Email: info@purple-trading.com (new clients), support@purple-trading.com (existing clients)
• Support hours: Monday – Friday, 8:00 – 16:00 (CET).

Additional resources include FAQs, live chat support, and an office located in Limassol, Cyprus.

Pros

• Regulated by CYSEC, ensuring transparency.
• Wide range of trading instruments.
• Multiple account types to suit different trading styles.
• Access to MT4/5 and cTrader platforms.
• Free deposits/withdrawals for most methods.
• Demo account available for beginners.

Cons

• No Islamic (swap-free) accounts.
• Limited payment options.
• Not available for clients outside the EEA, as well as Belgium, Switzerland, and the USA.

Conclusion

Purple Trading is a reliable broker, strictly supervised by CYSEC, offering a transparent trading environment suitable for both new and experienced traders. While its regional restrictions and limited payment options may be a drawback, its diverse asset offerings, modern trading platforms, and competitive costs make it a solid choice for investors within Europe.