Forex Purple Trading Broker Review

Performance Matrix

Main Score & Risk Matrix

#1179

Score

4.9

Average

Purple Trading is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

License 5.1

Business 4.4

Risk Control 4.7

Software 5.4

Regulatory 4.9

Terminal Snapshot

Purple Trading Trading Conditions

Registered Region Cyprus

Operating Period 10-15 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email info@purple-trading.com

Contact Number +441446506711

Website www.purple-trading.com

Balanced Review

Pros & Cons

Pros

Regulated by Cyprus Securities and Exchange Commission (CYSEC)
Diverse trading instruments including Forex, commodities, and indices
Access to advanced trading platforms: MetaTrader 4/5 and cTrader
Multiple account types tailored for different trading levels
No fees for deposit and withdrawal transactions

Cons

Not regulated in major jurisdictions like the US
Limited cryptocurrency trading options
No Islamic accounts available
Restricted payment methods for deposits and withdrawals
Inactivity fees may apply under certain conditions

Compliance Desk

Regulatory Licenses

9.2/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Purple Trading	XM	InterStellar	AvaTrade
Operating Period	10-15 years	See review	See review	See review
Region	Cyprus	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	4.9/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Purple Trading Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
STP Account	Beginners to Intermediate Traders	Low spreads, straightforward trading	Suitable for small-capital practice
ECN Account	Experienced Traders	Tight spreads, direct market access	Requires higher trading volume qualifications
PRO Account	Professional Traders	Advanced trading features, high leverage	Requires professional client status

Account Opening Process

To open an account with Purple Trading, clients must go through a series of steps. Initially, they need to provide their personal information, employment details, and financial background. This includes submitting identity verification documents such as a valid ID and proof of address. After completing the initial setup, clients have the flexibility to upgrade to a professional account later if they meet the necessary criteria.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	0.3	$0 (ECN: $3.5/lot)	Tight spreads for majors
CFDs (S&P 500)	1.0	$0	Standard spreads for indices
CFDs (Commodities)	1.0	$0	Standard spreads on commodities
Cryptos (BTC/USD)	1.0%	0.1%	Variable depending on volatility

Other Fees

Additional costs associated with trading at Purple Trading may include deposit and withdrawal fees, although there are typically no fees for these transactions. Clients should be aware of potential inactivity fees, platform usage fees if applicable, and overnight interest (swap rates) that may apply to their positions. Currency conversion fees may also be incurred when trading in currencies different from the account’s base currency.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Purple Trading is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Purple Trading User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

20%

2 star

60%

1 star

12%

Michael Anderson

London

★ ★ ★ ★ ★

I had high hopes for Purple Trading, but my withdrawal request took longer than expected, and customer support was not very helpful in resolving the issue. It was quite frustrating to get timely assistance when I needed it most.

Sarah Johnson

Prague

★ ★ ★ ★ ★

Overall, my experience with Purple Trading has been positive. The trading platforms, especially MetaTrader 5, are user-friendly and efficient. I appreciate the variety of trading instruments available. However, their customer support could be more responsive.

Tomislav Novak

Zagreb

★ ★ ★ ★ ★

I am really disappointed with Purple Trading. My withdrawal was delayed for no clear reason. I tried reaching out to their support, but it felt like I was talking to a wall. I would not recommend them to anyone.

Emily Clark

Vienna

★ ★ ★ ★ ★

Purple Trading has been a great choice for me as a beginner. The platforms are intuitive, and I love the educational resources they provide. The demo account was especially helpful for practicing before trading with real money.

Cyprus Market