Purple Trading FX broker review
On this page, we review the purple trading broker; of course, you should note that you can use the services of this broker if you are a resident of the European Union region because the pure trading broker does not provide any services to other countries.
| Broker name | Purple Trading |
| Established year | 2016 |
| Spread rate | average |
| Central office | Prague, Czech and Limassol |
| Regulation | CYSEC |
| Minimum deposit | 100$ |
| The easiest way to deposit and withdraw | Visa and MasterCard, Skrill |
- Purple Trading Broker Review Summary Table
Cent Account
Copy Trading
Spread Reduction Trick
Islamic Account
Permission To Trade Scalping
What you will read on the Purple Trading broker page:
- purpletrading broker review video
- What is purpletrading?
- purpletrading broker credit
- Where is the head office of purpletrading Broker?
- purpletrading broker history
- Table of introduction and comparison of account types in purpletrading broker
- The amount of spread in the purpletrading broker
- Islamic account in purpletrading broker
- Deposit and withdrawal in purpletrading broker
- purpletrading broker bonuses
- Necessary documents for identity verification
- purpletrading broker trading platforms
- purpletrading copy trading broker
- Advantages and disadvantages of purpletrading broker
What is Purple Trading?
Purple Trading is the name of one of the active brokers in the forex market, which was founded and opened by a team interested in business from Czech and Slovakia. This broker has many advantages, such as online chat support and a copy trading system that traders can use.
purpletrading broker credit
The credibility of the purple trading broker can be considered at an average level and, of course, acceptable because this broker has five years of activity and regulation experience.
purpletrading broker rules
This broker has cysec regulation.
Where is the head office of purpletrading broker?
Purple trading broker has offices in Prague, Czech Republic, and Limassol, Cyprus.
How many years of experience does purpletrading broker have?
Purple trading broker started its professional activity in 2016.
Table of introduction and comparison of account types in purpletrading broker
| Profile / account name | VIP | Prime | Standard | Pro | ECN | STP |
|---|---|---|---|---|---|---|
| Minimum deposit for opening | 100$ | 100$ | 100$ | 100$ | 100$ | 100$ |
| Spreads | 0.5 pip | 0.2 pip | 0 pip | Starting from 0 | Starting from 0.3 | Starting from 1.3 |
| Commission | $5 per trade lot | $8 per trade lot | $10 per trade lot | $10 per trade lot | Starting at $5 per trade lot | 0 |
| Maximum leverage | 1:500 | 1:500 | 1:500 | 1:500 | 1:500 | 1:500 |
| Ability to trade currency pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Ability to trade stocks and indices | Yes | Yes | Yes | Yes | Yes | Yes |
| Possibility of digital currency trading | Yes | Yes | Yes | Yes | Yes | Yes |
| Scalp permission | Yes | Yes | Yes | Yes | Yes | Yes |
| Permission to use Expert | Yes | Yes | Yes | Yes | Yes | Yes |
As you can see in the table above, the purple trading broker has performed very well in terms of the variety of trading accounts and offers six different types of trading accounts to users, which we will examine in detail below.
Opening a STP account
You can open an Stp account in purple trading broker with a deposit of 100 dollars, one of the advantages of this account is that there is no commission, and its spread starts from 1.3 pips. Also, the maximum leverage that can be used in it is 1:500.
Opening a ECN account
The minimum deposit to open an ECN account in the purple trading broker is $100. The maximum leverage that can be used in this account is 1:500, and the spread starts from 0.3 pips. It should be noted that the lowest commission in this account is 5 Dollars per trade lot.
Opening an Pro account
To open a pro account in the purple trading broker, an amount of 100 dollars is required, this account has a commission of 10 dollars per lot trade, and its spread starts from 0; the maximum leverage factor that can be used in it is also 1:500.
Opening a Standard account
The minimum deposit for opening a standard account in the Purple trading broker is $100. The maximum leverage or leverage factor that can be used in it is 1:500, and the spread of this account is from 0, and the broker charges $10 per lot of trade from traders. Receives a commission.
Opening a Prime account
You can open a prime account in purple trading broker by depositing 100 dollars; the commission rate is 8 dollars per lot trade, its spread is 0.2 pips, and the maximum leverage factor that can be used in this account is 1:500.
Opening a VIP account
You will also need to deposit 100 dollars to open a vip account in the purple trading broker. Traders can use the maximum leverage factor of 1:500 in this account, the spread of this account is also set at 0.5 pips, and the broker is 5 dollars per lot. Trade receives from traders.
purpletrading broker spread
If you want to open an account with the lowest amount of spread in the purple trading broker, the standard account will be a suitable and logical choice for you because the spread of this account is 0 pips.
purpletrading broker Islamic account
Unfortunately, the purple trading broker does not have an Islamic account or an account without night swap.
How much deposit can you open a real account in purpletrading broker?
You can open any accounts in purple trading broker by depositing $100.
Deposit and withdrawal in purpletrading broker
You can use methods such as Visa and Mastercard, Skrill, Neteller, etc., to deposit and withdraw in purpletrading broker; of course, it should be noted that using some of these methods has a fee, which you can refer to this website. Broker, get more detailed information in this field.
bonuses
Currently, according to the investigations carried out by the research team of our site, the purple-trading broker does not offer any bonuses to users.
What documents are required to verify identity in purpletrading broker?
To confirm your identity and open an account in the purple trading broker, you will need documents such as a passport, birth certificate, or any such identification documents. Of course, if you are a resident of countries outside the European Union, the possibility of authentication in this broker is not active for you.
Tradable assets and trading in purpletrading broker
Tradable and trading assets in purpletrading broker include some digital currencies, currency pairs, stocks and indices, commodities, and…
purpletrading broker trading platforms
The trading platforms used in the purple trading broker include MetaTrader 4 and CTrader, which you can download through the links below.
MetaTrader 5
MetaTrader 4
purple trading broker Copy trading account
Fortunately, the support of the copy trading system is one of the advantages of the purple trading broker that you can take advantage of.
purpletrading broker scam
Fortunately, our team’s research in the field of fraud or any bad and negative history regarding purple trading brokers during the years of activity has confirmed the working health of this broker, at least until today. Still, any cases in this field in the coming years will be reported on this page, which We will share with our audience.
Advantages of purpletrading broker
- Providing very strong online chat support
- Providing a copy trade system
- Huge variety of trading accounts
- having a rule
Disadvantages of purpletrading broker
- Not having an Islamic account
