In this Purple Trading Review, we are going to take a look at the offer that this broker prepared for its traders. Purple Trading is regulated by the CySEC in Cyprus. Purple Trading operates on the financial market since 2015. When it comes to trading platforms, the broker features cTrader and MetaTrader 4. The Purple Trading minimum deposit is 100 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this Purple Trading Review
| Website address: | https://www.purple-trading.com |
| Licensed and authorised by regulatory bodies: | CySec |
| Supported languages: | English and Italian |
| Customer support available via: | E-mail, phone, live-chat |
| Contact details: | [email protected] +44 14 46 506 711 |
| Available deposit methods: | Debit and Credit Cards, bank transfer, Skrill, Neteller |
| Available withdrawal methods: | Most likely the same as the deposit methods |
| Minimum deposit: | 100 USD |
| Min. trade in lots: | 0.01 |
| Spreads: | Typical spread on the currency pair EUR/USD - 0,3 pips * on standard account type |
| Tradable assets: Might be a CFD. | Forex (61), indices (7), cryptocurrencies (5) |
| Demo: |  |
| Mobile app: | |
| MetaTrader 4: | |
| Other trading platforms: | cTrader |
| Social trading: |  |
Purple Trading Fees (typical spreads)
We have scanned fees (typical spreads) that Purple Trading charges when trading popular currency pairs, here is their breakdown in pips.
| EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
|---|---|---|---|---|---|
| * | 0,3* | * | * | * | * |
*Typical spreads were recorded on 11.06.2019 at 08:28 for the standard account. Purple Trading spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: Bexplus, World Forex, FreshForex and InvertPlus
Frequently Asked Questions
🧐 Is Purple Trading a Scam?
Purple Trading is a broker licensed and regulated by the CySec. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that Purple Trading is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the Purple Trading minimum deposit?
In order to start trading with Purple Trading, you have to deposit at least 100 USD.
📵 What deposit and withdrawal methods Purple Trading supports?
⚖️ Would you recommend me choosing Purple Trading?
We don’t have our own personal experience with Purple Trading. However, because the broker is regulated by the CySec, there is a high chance that it is not a scam. With that being said, it still does not mean that Purple Trading is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.
