Purple Trading.com Forex Review: Quick and Fair Execution of Orders

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About Purple Trading.com

Purple Trading.com provides innovative international brokerage services supported by Purple Technology. They have a vision changing the rigid principles in financial sector and coming up with ideas breaking down the established status-quo. They do not come from prehistoric world of major financial corporations. They are visionaries, innovators and they bring the change, which is a little bit purple, into the world of financial markets.

The beginnings of online Forex trading are usually connected with dishonest practices against traders due to the unregulated environment and vague trading conditions. Aim of Purple Trading is to show that Forex can be done transparently, humanely and without ulterior motives. Our mission is to create a well-informed community of successful traders.

Forex Broker NamePurple Trading
Listed Date24/08/2021
RegulatorsCySEC 
LangugaeEnglish
Trading PlatformMetaTrader 4,
Maximum Leverage400:1
Supportsupport@purple-trading.com, +420 228 884 711
Founded2015
Address11, Louki Akrita, CY-4044 Limassol, Cyprus
Official SiteHomepage

How To  Start With The PurpleTrading Forex

To Start Trading With Purple Trading Forex Indian Residents First Have To Sign Up For An Account By Following The Steps Below.

Step 1. Click On The “Login/Signup” Link On The Top Right Hand Corner Of The Purple Trading Forex Website.

Step 2. In The Form, Fill In Your First Name, Last Name, Mobile Number, Email ID And Password.

Step 3. If You Have A Referral Code, Enter The Code While Creating Your Account.

Step 4. Submit The Form And Wait For An Activation Email To Be Sent To You.

Step 5. Click On The “Confirm Email” Link In The Activation Email.

Step 6. After Your Account Is Activated, You’ll Be Sent A 6 Digit One Time Password (OTP), Which You Have To Enter After Logging Into Your Purple Trading Forex Account.

Fees and commissions on STP and ECN accounts

In Purple Trading, they offer two types of accounts depending on your trading style. You can choose an account type based on the preferable spread width or amount of commission fees you are willing to pay per traded volume. In addition, thanks to the loyalty program they are keen to reward those who take trading seriously.

Trade with lower commission thanks to Purple Trading Loyalty Program

f you are serious about your trading they will lower your trading expenses up to half. All you need to do is meet 1 out of 3 requirements (mentioned below) and let know. Read article with frequented asked questions about trader status type.
 

TRADER STATUS TYPESTANDARDPRIMEVIP
Commission (ECN account)10 USD/lot8 USD/lot5 USD/lot
Requirement 1:
Nutný zůstatek*
1000 – 20 000 EUR20 000 – 60 000 EURNad 60 000 EUR
Requirement 2:
Nutný vklad*
1000 – 20 000 EUR20 000 – 60 000 EURNad 60 000 EUR

The Information I Might Find Useful

When it comes to speed of payment transactions the saying: “Time is money” fits perfectly. That’s why Purple Trading.com guarantee to process every withdrawal request within 1 business day. Below, you can see the summary of all payment fees plus the minimal and maximal deposit amount.

How Can I Deposit Money to My Account?

Conditions for Deposits:

METHODFEEPROCESSING TIME ON OUR ENDAVERAGE BANK/PROVIDER PROCESSING TIMETRANSACTION LIMITREQUIREMENTS
Domestic payment in CZK and SEPA payment in EURFree1 business day1 – 2 business days
Domestic payment in PLNFree1 business day1 – 2 business daysMax. 25 000 PLN (Monthly limit
100 000 PLN)
International payment in PLN0,5 % (min. 5 EUR, max. 100 EUR)*1 business day3 – 5 business days
International payment in other currencies0,5 % (min. 5 EUR, max. 100 EUR)3 – 5 business days3 – 5 business days
Credit card deposit
mastercard.png
visa.png
FreeWithin a few minutesWithin a few minutesMin. 20 EUR, Max. 15 000 EUR
(Monthly limit 35 000 EUR)  i
Card scan on the first deposit with a new card
neteller.png2 %Within a few minutesWithin a few minutesMin. 20 EUR, Max. 5 000 EUR
(Monthly limit 35 000 EUR)  i
Neteller account (manual approval for the first deposit within 1 working day)
skrill.png2 %Within a few minutesWithin a few minutesMin. 20 EUR, Max. 5 000 EUR
(Monthly limit 35 000 EUR)  i
Skrill account (manual approval for the first deposit within 1 working day)

How Can Withdraw Money from My Account?

Conditions for Withdrawals:

METHODFEEPROCESSING TIME ON OUR ENDAVERAGE BANK / PROVIDER PROCESSING TIMETRANSACTION LIMITREQUIREMENTS
Domestic payment in CZK and SEPA payment in EURFree1 business day1 – 2 business daysCredit card deposits must be settled
Domestic payment in  PLNFree1 business day1 – 2 business daysMax. 25 000 PLN
(Montly limit 100 000 PLN)
Credit card deposits must be settled
International payment in  PLN0,5 % (min. 5 EUR, max. 100 EUR)*1 business day3 – 5 business daysCredit card deposits must be settled
International payment in other currencies0.5% (min. 5 EUR, max. 100 EUR)1 business day3 – 5 business daysCredit card deposits must be settled
Credit card withdrawal
mastercard.pngvisa.png
7 EUR1 business day2 – 14 business daysMin. 8 EUR, max. amount equal to card depositsCredit card deposits must be settled
neteller.png2 %1 business dayWithin a few minutesMin. 3 EURNeteller used for depositCredit card deposits must be settled
skrill.png1 %1 business dayWithin a few minutesMin. 3 EURSkrill used for depositCredit card deposits must be settled

MetaTrader 4

Don’t swim against the tide – make use of the features of the most popular trading platform in the world – choose the comfort and user-friendly configuration – choose MetaTrader 4.

The MetaTrader 4 terminal is a well equipped traders’ workplace that allows users to trade in the financial markets (Forex & CFD). It provides these users the necessary tools and resources for analyzing the pricing dynamics of financial instruments, making trade transactions, and creating and using automated trading programs (Expert Advisors). MetaTrader 4 represents the all-in-one concept and is the most popular trading platform in the world.

How do I set up my MetaTrader 4 account ?

Your account is not set up through the trading platform itself, but by clicking on one of the two buttons below. You’ll obtain MetaTrader 4 in addition to these accounts for free. It  only takes  4 minutes to get started with a Demo Account.

The procedure for opening a Real Account is a bit more demanding, however, we have equipped the registration form with an assistant for exactly this reason. It will guide you through the entire procedure from A to Z.

Whichever account you decide to go for, once you have completed the registration steps the credentials for your trading account will be provided.  You will receive an email with your login details which you can enter into the MT4 platform. Then you can start trading with your MetaTrader 4 account.

Discover the secret behind profitable trading

No requotes, positive slippage

More than 80% of trades are executed at the same price or better.

They are a pure STP model broker

Purple Trading Forex goal is your success.

Brisk executions, narrow spreads

Thanks to the robust infrastructure with servers in the Equinix LD4 in London and with a direct connection to our liquidity providers.

With, you won’t be in the red

Thanks to negative balance protection, your capital will never fall below zero. Segregation and security of client’s funds is our utmost priority.

They are NOT an off-shore broker

Purple Trading is regulated by the CySEC and authorized by all major European regultors BaFin, CONSOB, KNF… We meet the highest possible standard of client protection.

They have Czech roots

Purple Trading was built and is owned by the actual traders who come from the Czech republic and Slovakia.

Regulations

As a Regulated Forex broker, they have to adhere to financial market regulations, especially those of CySEC (Cyprus Securities and Exchange Commission) & ESMA (European Securities and Markets Authority). This page serves the purpose of guiding you through all regulatory authorities and the national banks authorizations we are obligated to follow.

CySEC – Cyprus Securities and Exchange Commission Licence number – 271/15

Purple Trading Forex is a trade mark (no. 85981) owned and operated by L.F. Investment Limited, a licensed Cyprus Investment Firm regulated by the CySEC lic. no. 271/15. L.F. Investment Limited is legally obligated to follow all laws of Cyprus and rules and conditions of its CySEC license.

Disclaimer:

Not all the websites Which listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe side and avoid much losing online.

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