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In this review, we delve into the operations of Purple Trading, a forex broker established in 2015. Operating from its base in Limassol, Cyprus, Purple Trading offers its clients a robust platform for forex trading, with MetaTrader 4 being its primary trading platform. The company provides a diverse range of trading options, with over 60 forex currency pairs, gold, silver, bitcoin, and other cryptocurrencies. Purple Trading ensures a low entry barrier for potential traders, with a minimum of $100 needed to open a live account. The company offers a maximum leverage of 400:1 and a minimum trade size of 0.01. This flexibility has made it a go-to for both novice and seasoned traders. The company is regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring that it operates under strict regulatory standards. However, it's worth noting that the company's services are not available in some countries. Purple Trading also offers various trading platforms, including MT4, cTrader, and PurpleZone. Traders can access these platforms on both web and mobile, providing convenience for those who prefer to trade on the go. In addition to forex, Purple Trading also offers Contracts for Difference (CFDs) on a variety of instruments, including gold, silver, other precious metals, stocks, stock indexes, oil, and other commodities. The company also supports various deposit and withdrawal methods, including bank wire, VISA, MasterCard, Neteller, and Skrill. In conclusion, Purple Trading offers a comprehensive trading environment for forex and CFD traders. While the company has several strengths, potential traders should still conduct due diligence to ensure that it fits their trading needs and risk tolerance.
When it comes to Forex Trading, finding a reliable Forex Broker is crucial. One such broker that has gained recognition in the Forex Market is Purple Trading. This article offers an in-depth Purple Trading Review, focusing on its features, services, and user experience.
Overview of Purple Trading
Purple Trading, established in 2015, is a Forex Broker that provides an online trading platform for currency trading. It is based in Limassol, Cyprus, and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 271/15. The broker offers a variety of trading platforms, including the popular MetaTrader 4, cTrader, and its proprietary PurpleZone.
Trading Instruments and Options
Purple Trading offers a wide range of trading instruments. Traders can choose from over 60 forex currency pairs, gold, silver, and other commodities. Besides, it also offers trading options for bitcoin and other cryptocurrencies like Litecoin and Ethereum.
Trading Conditions and Features
The broker offers favorable trading conditions for traders, including a minimum trade size of 0.01 and a maximum leverage of 400:1. The minimum deposit to open a live account is $100. Purple Trading supports various trading strategies such as EAs/Robots, News Trading, and Scalping. It also offers Managed Accounts and Social Trading through PAMM.
Deposit and Withdrawal Methods
Purple Trading offers multiple deposit and withdrawal methods for the convenience of its users. These include Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard, Neteller, and Skrill.
Platform Accessibility
The broker offers both web trading and mobile trading options, ensuring that traders can access their accounts and trade from anywhere, anytime. The platforms are user-friendly and equipped with advanced tools for Forex Market Analysis.
Pros and Cons
Like any other broker, Purple Trading has its strengths and weaknesses. The pros include a wide range of trading instruments, multiple trading platforms, and flexible trading conditions. However, the broker is not available in some countries, which can be a limitation for some traders.
Scammer or not?
With its regulation by CySEC and transparent trading conditions, Purple Trading appears to be a legitimate broker. However, traders should always conduct their research before choosing a broker.
Safety Check
Purple Trading uses advanced security measures to protect users' data and funds. However, it's always recommended for traders to use strong passwords and enable all available security features.
FAQs
What is the minimum deposit to open a live account with Purple Trading?
The minimum deposit to open a live account with Purple Trading is $100.
What trading platforms does Purple Trading offer?
Purple Trading offers MetaTrader 4, cTrader, and its proprietary platform PurpleZone.
Does Purple Trading support mobile trading?
Yes, Purple Trading offers mobile trading options.
Is Purple Trading a scam?
Based on its regulation by CySEC and transparent trading conditions, Purple Trading appears to be a legitimate broker.
This independent review aims to provide useful information about Purple Trading. However, it's always recommended for traders to conduct their research before choosing a broker. Traders who have experience with Purple Trading are welcome to leave their feedback on the forexroboteasy.com website.
forexroboteasy.com
Looking for an online broker that offers fast, efficient trading execution? Welcome to Purple Trading! Recognized as a high-quality broker, Purple Trading ensures excellent trading order execution. This lightning-speed execution combined with their unflinching dedication to quality, sets Purple Trading apart in the heavily competitive business of online trading. Let's delve into some salient features that make Purple Trading your ideal companion in your trading journey. Be prepared to assimilate the benefits of swift trading execution like never before! Dive into trades without worrying about unanticipated spikes, re-quotes or stop-loss hunting. Purple Trading is purely a Straight Through Processing (STP) and Electronic Communication Network (ECN) service provider, ensuring a seamless experience to all its clients. Customer support is a key pillar for any successful venture, and here too, Purple Trading shines! The helpful and knowledgeable customer support team is dedicated to resolving a client's queries effectively and quickly. Think of them as your trading partners who strive to make your experience with Purple Trading as effortless as possible. When it comes to security, Purple Trading ensures an ironclad protection around your deposits, fostering a sense of trust and confidence. This broker provides not only a safe platform for trading but also takes paramount care of your hard-earned money. Additionally, Purple Trading is popular for its highly intuitive and user-friendly website interface that includes a meticulously categorized Account Zone. Easy to navigate and operate, this feature is lauded by both beginners and seasoned traders alike. A noteworthy mention is their maximum leverage that sits at a comfortable 1:200. While this may seem conservative compared to some other platforms, it's imperative to understand the balance of risk and reward. Higher leverage isn't always advantageous and Purple Trading understands this well. Thus, they provide a stable leverage ratio that can accommodate a diverse range of trading styles and risk capacities. Take your trading game up a notch with Purple Trading, a reliable broker that envelops speed, security, and customer-satisfaction into every experience.
1 review
Purple Trading has emerged as a high-quality brokerage that ensures an excellent and rapid execution of trading orders, establishing itself as one of the leaders within the trading industry. Right from the onset, Purple Trading already impresses with its exceptional trading execution─ truly setting it apart in the bustling and highly competitive forex market. Their seamless operations have left a trail of satisfied clientele applauding the firm for their impressive quickness with no observable lags or disruptions. Another substantial highlight of their exemplary offerings includes their absolute avoidance of spikes, re-quotes, and stop loss hunting. This adds evidence to their status as a pure STP/ECN broker. Unlike many brokers that frustrate customers with sudden spikes and re-quotes, Purple Trading promotes a transparent trading environment that is incredibly appreciated by traders. In the realm of customer service, Purple Trading outshines many with their helpful support. Their team offers immediate assistance, where their customer-centric approach is both palpable and refreshing. It's clear that they prioritize their customer, aiding traders at every stage, thus, enabling them to operate with peace of mind. Regarding financial security, Purple Trading scores highly with their robust deposit security. Trader’s funds are treated with utmost respect and shielded against potential cybersecurity threats, ensuring all deposits are safe, secure, and ready for trading. In addition, Purple Trading hosts an intuitive and user-friendly account zone and an excellently designed website. Traders, regardless of experience level, can easily navigate through the platform, making the trading process smooth and efficient. Lastly, it's worth noting the maximum leverage of 1:200 offered by Purple Trading. While higher leverages may be on-demand, the 1:200 ratio brings a balanced approach, mitigating risks while still providing opportunities for substantial profits. In essence, this leverage limit optimizes risk management whilst providing opportunities for traders to maximize their profits. In conclusion, Purple Trading delivers a stellar trading experience with its lightning-fast execution, no-spike policy, exemplary customer service, secure deposits, and excellent website usability, making it an ideal choice for both novice and experienced traders alike.