Purple Trading is a forex broker established on February 11, 2014, registered in Cyprus, providing financial trading services such as forex, indices, commodities, and futures to investors. The broker does not accept clients from outside the European Economic Area or from Belgium, Switzerland, and the United States.
Corporate Registration Information and Regulatory Status:
The entity registered in Cyprus as Purple Trading is L.F. Investment Ltd, with the company's registered address at 11 Louki Akrita, 4044, Germasoyia, Limassol. The company registration number is 329493. This entity is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), with the authorization granted on April 6, 2015, and the license number 271/15. The website operated by L.F. Investment Ltd is www.purple-trading.com, and the domain was registered on September 20, 2016.
In Seychelles, Purple Trading is registered as AXSE Brokerage Ltd, with the company's registered address at Suite 4H, Global Village, Jivan’s Complex, Mont Fleuri, Mahe. The company registration number is 8424258. This entity is authorized and regulated by the Financial Services Authority (FSA) of Seychelles, with the license number SD041. The website operated by AXSE Brokerage Ltd is www.purple-trading.sc, and the domain was registered on January 11, 2021.
Account Opening:
To open an account with Purple Trading, visit the broker's official website, click on "Open account" on the homepage or the top right corner, and fill out the account registration form as required. Once approved, you can log in and start trading.
Account Types:
Purple Trading offers users a demo account and three types of real trading accounts: STP Account, ECN Account, and PRO Account.
- STP Account: No trading commissions, starting spread from 1.3 pips, using Swing trading.
- ECN Account: Charges 5-10 USD commission per lot, starting spread from 0.3 pips, suitable for day trading.
- PRO Account: Commission, spread, and trading method customizable based on preference.
Trader Status Types:
Commission (ECN account):
- STANDARD: $10 per lot
- PRIME: $8 per lot
- VIP: $5 per lot
Spread discount (STP account):
- STANDARD: 0 pips
- PRIME: 0.2 pips
- VIP: 0.5 pips
Trading Leverage:
Purple Trading provides retail clients with leverage of 1:30 for forex, 1:20 for indices and commodities, 1:1 for cryptocurrencies, 1:5 for stocks, and 1:10 for futures.
Trading Platforms:
Purple Trading offers users the MT4 and cTrader trading platforms, with MT4 servers provided by AXSE Brokerage Ltd.
Deposits and Withdrawals:
Purple Trading supports users in making deposits and withdrawals through methods such as bank transfers and credit cards.
Summary:
Currently, the broker is marked as "operating normally" on Traderknows.
