Company Summary
| Purple Trading Review Summary | |
| Registered On | 2021-01-11 |
| Registered Country/Region | Seychelles |
| Regulation | Offshore Regulated |
| Market Instruments | Forex, Precious Metals, Indices, and Commodities |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.0 pips |
| Trading Platform | MT4 and MT5 (Web, Windows, MAC, Android, and iOS) |
| Min Deposit | $500 |
| Customer Support | EN: +44 14 46 509 157 |
| help@purple-trading.sc | |
| Suite 3 Global Village, Jivans Complex, Mont Fleuri, Mahe, Seychelles | |
Purple Trading Information
Purple Trading Seychelles is an online broker headquartered in Seychelles, providing global traders with CFD (Contract for Difference) trading services for financial products such as forex, precious metals, indices, and crude oil. It supports mainstream trading platforms like cTrader and MetaTrader 4/5 (MT4/MT5), catering to traders with different experience levels.
Pros and Cons
| Pros | Cons |
| Spreads as low as 0.0 pips | Offshore regulation |
| Leverage up to 1:500 | High leverage risk |
| cTrader, MT4, and MT5 available | Deposit and withdrawal restrictions (credit cards unavailable for some users) |
| Negative balance protection |
Is Purple Trading Legit?
The Seychelles Financial Services Authority (FSA) offshore regulates Purple Trading with the license number SD041.
What Can I Trade on Purple Trading?
| Tradable Instruments | Specific Instruments | Spread Level |
| Forex | Major Currency Pairs (e.g., EURUSD) | As low as 0.0 pips |
| Precious Metals | Gold (XAUUSD) | 0.0 pips |
| Indices | DAX Index | 0.7 pips |
| S&P 500 (SP) | 0.5 pips | |
| Commodities | Crude Oil (WTI) | 0.03 pips |
Account Type
| Account Type | Standard | RAW |
| Minimum deposit | $500 | $500 |
| Spread from | 1.0 pips | 0.0 pips |
| Commissions | Zore | Zore |
| Leverage | up to 1:500 | up to 1:500 |
| Minimum lot size | 0.01 | 0.01 |
| Margin call level | 50 % | 50 % |
| Stop out level | 20 % | 20 % |
| Hedging | Scalping | EAs | Allowed | Allowed |
Purple Trading Fees
For the Standard account, the spread for currency pairs starts at 1.0 pips, while the RAW account offers spreads as low as 0.0 pips. Commission is only charged for the RAW account, at $5 per side per trade (for example, a total of $10 for opening and closing a position).
Leverage
| Trading Instruments | Maximum Leverage Ratio |
| Forex (e.g., EURUSD) | 1:500 |
| Gold/Indices | 1:100 |
| Crude Oil | 1:20 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web, Windows, MAC, Android, and iOS | Beginners |
| MT5 | ✔ | Web, Windows, MAC, Android, and iOS | Experienced Traders |
| cTrader | ✔ | Web, Windows, MAC, Android, and iOS | All |
Deposit and Withdrawal
| Method | Fee | Platform Processing Time | |
| Deposit | SEPA Payment (EUR) | Free | 1 business day; Bank Settlement Time: 1–2 business days |
| Credit Card (Visa/Mastercard) | Free | Instant (1 business day for first deposit) | |
| Sticpay | Free | Instant | |
| International Wire Transfer | Free | 3–5 business days | |
| Withdrawal | Credit Card | Free | 1 business day; Synchronized with bank processing: 3–10 business days |
| Sticpay | Free | 1 business day | |
| Other Methods | Free | Consistent with the deposit process |
Copy Trading
Traders can use the built-in copy trading function on the MT5 platform to automatically follow the strategies of experienced traders.
زارا يوسفي
United States
Unable to withdraw more than what I've deposited. Over the years my investment has grown a decent bit, however, recently I've wanted to take some money out to fill up my lifetime ISA before the end of the tax year. I sold some stocks and tried to withdraw but discovered I can't withdraw above what I've invested? Asked the AI bot and it confirmed this. Is this true for anyone else? If this is true this seems really concerning which I have already taken some months trading already
Exposure
FX3060503694
Japan
You can trade with amounts that wouldn't normally be possible, and since you can use the familiar MT4 or MT5, it's highly recommended.
Positive
cxy38715
United States
This is one of the safest companies with many useful services for its subscribers and a professionally designed easy-to-use interface, so for that, this company deserve 5 stars.
Positive
FX1159529576
Australia
Yes, Purple trading is a wonderful broker! Everything is perfect with purple trading, low spreads, generous leverage, hedging & scalping allowed, no requotes.But if you are a beginner, the minimum deposit may not be friendly to you, from $500.
Positive