Purple Trading is a forex broker that offers CFDs on indices, commodities and cryptocurrencies in addition to currency pairs. It is a subsidiary of L.F. Investment Limited, which is a company that is licensed in Europe by the regulatory authority CySEC, thanks to which it can legally offer its services to European citizens. The minimum deposit with the broker is set at $100. The broker’s website is available in more languages.
Purple Trading review – broker overview
| Minimum deposit | 100 USD |
| Regulated broker | Yes |
| Regulation | CySEC |
| Platforms | cTrader, MT4 |
| Demo account | Yes |
| Mobile app | No |
Special features and advantages
| Automatic trading (EAs) |
The broker’s trading platform
Purple Trading offers two trading platforms – MT4 and cTrader. MT4 has been on the market for over 15 years, it is one of the most popular trading platforms on the market overall. This platform can be used not only for manual trading, but also for analyzing the market or for automated trading. MT4 can be downloaded free of charge to your computer, or you can use the MT4 WebTrader platform, which also works in a web browser.
Purple Trading – fees (spreads)
Just like any other CFD broker, Purple Trading charges a spread fee. For the current value of this fee, please visit Purple Trading’s website. We have prepared a small comparison table here, where you will find the value of Purple Trading spread fees on significant currency pairs compared to 2 other popular CFD brokers.
| EUR/USD | USD/JPY | GBP/USD | AUD/USD | |
| Plus500* | 0.6 | 0.7 | 1.1 | 0.6 |
| XTB* | 0.8 | 1.4 | 2.0 | 1.7 |
| Purple Trading** | 1.5 | 1.7 | 1.7 | 1.7 |
** average spreads for a standard STP account. The data was gathered from the broker’s website 26/09/2019 at 12:45 GMT
Purple Trading Review – Summary
Purple Trading must comply with the strict regulatory guidelines of the CySEC regulatory authority. The broker offers two trading platforms, one of which is the well-known MetaTrader 4 trading environment. The main drawback of the broker is that it does not offer any CFDs on stocks. Learn more about CFDs here.
Advantages
- Two trading platforms to choose from
- Relatively strict regulation
- Minimum deposit only at 100 USD
Disadvantages
- No CFDs on stocks
- The absence of MetaTrader 5
