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.

Purple Trading points
Purple Trading 60%
purpletrading logo
Broker namePurple Trading
Established year2016
Spread rateaverage
Central officePrague, Czech and Limassol
RegulationCYSEC
Minimum deposit100$
The easiest way to deposit and withdraw Visa and MasterCard, Skrill

Cent Account

Copy Trading

Spread Reduction Trick

Islamic Account

Permission To Trade Scalping

purpletrading logo

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.

The credibility of purpletrading Broker

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.

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Where is the head office of purpletrading broker?

Purple trading broker has offices in Prague, Czech Republic, and Limassol, Cyprus.

History of purpletrading Broker

How many years of experience does purpletrading broker have?

Purple trading broker started its professional activity in 2016.

Introduction and comparison table of purpletrading broker accounts

Table of introduction and comparison of account types in purpletrading broker

Profile / account name VIPPrime StandardProECNSTP
Minimum deposit for opening 100$100$100$100$100$100$
Spreads0.5 pip0.2 pip0 pipStarting from 0Starting from 0.3Starting from 1.3
Commission

$5 per trade lot$8 per trade lot$10 per trade lot$10 per trade lotStarting at $5 per trade lot0
Maximum leverage 1:5001:5001:5001:5001:5001:500
Ability to trade currency pairs YesYesYesYesYesYes
Ability to trade stocks and indices YesYesYesYesYesYes
Possibility of digital currency trading YesYesYesYesYesYes
Scalp permission YesYesYesYesYesYes
Permission to use Expert
YesYesYesYesYesYes

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.

STP account of purpletrading broker

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.

ECN account of purpletrading broker

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.

Pro account of purpletrading broker

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.

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islamic account of purpletrading broker

purpletrading broker Islamic account

Unfortunately, the purple trading broker does not have an Islamic account or an account without night swap.

Minimum deposit to open an account in purpletrading broker

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

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.

purpletrading broker bonus

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.

Documents required to confirm the identity of the purpletrading broker

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 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

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

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purpletrading broker Copy trading

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

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 and disadvantages of purpletrading broker

Advantages of purpletrading broker

Disadvantages of purpletrading broker