Purple Trading Review 2021

Purple Trading is a regulated forex and CFD broker with ECN and STP execution for a range of markets on two top commercial trading platforms: MT4 and cTrader.

Purple Trading is broker that offers traders CFD, Forex, Stocks and Futures. Purple Trading allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.

In terms of features offered to traders, Purple Trading has Demo Accounts and Social Trading but is missing Islamic Accounts, Signals and Auto Trading.

Careful traders will be pleased to know that Purple Trading is licensed to provide trading services by multiple regulatory bodies, 2 in fact, including the FCA.

Purple Trading Summary

Purple Trading is a regulated forex and CFD broker with ECN and STP execution for a range of markets on two top commercial trading platforms: MT4 and cTrader.

Ratings

80%
Trust
66%
Instruments
42%
Features
BonusNone
InstrumentsCFD, Forex, Stocks, Futures
Demo Account
Min. Deposit$20
Min. Trade0.01 lots
Regulated ByCySEC, FCA
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps iOS & Android
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

CFD Trading

Purple Trading supports CFD trading through MetaTrader 4 and cTrader on stocks, commodities, futures, forex and indices.

Leverage1:30 Retail, 1:500 Professional
FTSE Spread1.7
GBPUSD Spread1.5
Oil Spread600
Stocks SpreadVariable

Forex Trading

Purple Trading clients are in a great position to speculate on foreign exchange markets with over 60 major, minor and exotic currency pairs

GBPUSD Spread1.5
EURUSD Spread1.2
EURGBP Spread1.3
Assets59

Payment Methods

Purple Trading accepts the following payment methods:

  • Skrill
  • Neteller
  • Debit Card
  • Credit Card
  • Wire Transfer
Risk Warning – Your capital is at risk

FAQ

Is Purple Trading Safe?

Yes, we gave Purple Trading a high 80% trust score in our review and believe traders should be safe here. One of the main positives for Purple Trading is that they're regulated by our own Financial Conduct Authority (FCA) here in the UK.

Does Purple Trading Accept PayPal?

No, Purple Trading does not accept PayPal payments.

Is Purple Trading Halal?

Probably not, as Purple Trading does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.

What trading platforms does Purple Trading support?

With Purple Trading you can trade on 2 different platforms: MetaTrader 4 and cTrader.

Is Purple Trading Regulated?

Yes, Purple Trading is regulated by 2 different regulators: CySEC and FCA. Most importantly, they're regulated by our own strong FCA here in the UK.

Purple Trading vs Other Brokers

If you want to compare Purple Trading with other brokers, use the detailed comparisons below.

Purple Trading vs
Purple Trading is a regulated forex and CFD broker with ECN and STP execution for a range of markets on two top commercial trading platforms: MT4 and cTrader.