General Information & Regulation
Founded in 2016, Purple Trading is an online Forex and CFD broker, offering a series of financial instruments including forex trading, indices, commodities, and stocks. Purple Trading is the trade mark of L.F. Investment Limited, which is authorized and regulated by the Cyprus Securities and Exchange Commission , with regulatory license number: 271/15.
Market Instruments
Purple Trading provides traders with access to popular financial instruments, mainly Forex currency pairs, CFDs, ETFs, Italian stocks, indices, Cryptocurrencies.
Purple Trading Minimum Deposit
There are four trading accounts on offer on the Purple Trading platform in total: the Starter, the Standard, the Prime and the VIP. The minimum initial deposit to open a starter account is €100, seems quite reasonable for most regular traders to get started. However, the other three trading accounts require a relatively high initial deposit of €1000, €20,000 and €60,000, respectively.
Purple Trading Leverage
Purple Trading, as a Cyprus-Regulated brokers, offers different leverage level for retail and professional traders. The maximum leverage for major currency pairs is capped at 1:30, minor currency pairs traded with a leverage of up to 1:20, gold with leverage of 1:20, silver, platinum, and palladium with leverage of 1:10, USOil with leverage of 1:10, and UKOil with leverage of 1:5. professional clients can apply for the higher leverage level of up to1:400.
Spreads & Commissions
The average spread on ECN accounts is 0.24 pips for EURUSD, 0.018 pips for SilverUSD, 0.04 pips for Brent Crude Oil, and 0.7 pips for NASDAQ100. The average spread for EURUSD is 0.5 pips, for EURGBP is 0.9 pips, for AUDCAD is 1.3 pips. The average spread for STP accounts is 0.34 pips for USD Gold, 0.028 pips for USD Silver, 1.5 pips for NASDAQ, 0.05 pips for Brent Crude, D spread for EURUSD is 1.1 pips, and the average spread for EURGBP was 1.2 pips.
Purple Trading Trading Platforms
Purple Trading offers users the flexibility to choose from the MT4 trading platform, as well as MT4 Windows, MT4 Android, and MT4 iOS. MT4 is the world's most advanced forex trading platform, with powerful charting features and data analysis tools to help traders develop their trading strategies and provide a great trading experience.
Deposit & Withdrawal
Purple Trading supports traders to fund their accounts through Visa & MasterCard credit cards, NETELLER & Skrill (2% deposit fee applies), international payments in Polish currency (0.5% up to 100 EUR), domestic payments in Polish currency, etc. The withdrawal fee is 7 USD for withdrawals via Visa & MasterCard, 2% for withdrawals via NETELLER, and 1% for withdrawals via Skrill.
Deposit ( See detailed service fees and processing time)
Withdrawal ( See detailed service fees and processing time)
Customer Support
The Purple Trading customer support services can be reached through telephone, email, live chat. Additionally, there is a “FQA”section set there for most common anwsers.
