Global Broker Regulation Inquiry App
WikiFX
Tomas 
1-2 years
Is Purple Trading a legit and regulated broker?
Broker Issues
Regulation
07-12
United States
WikiFX
Reply
Honestly, I wouldn’t call Purple Trading 100% safe, since it’s offshore regulated by the Seychelles Financial Services Authority. While they do have some regulation, it’s not as strict as what you'd get with top regulators like the FCA or ASIC. For me, that means a bit more risk when I trade with them.
