Purple Trading Account Type

Purple Trading offers several types of accounts to cater to different trading styles and preferences:

• STP Account:
• Commission: No commission charged per trade.
• Spreads: Starting from 1.3 pips.
• Suitable For: Position traders and those who prefer a longer trading horizon.
• ECN Account:
• Commission: $5 to $10 per lot, depending on trader status.
• Spreads: Starting from 0.3 pips.
• Suitable For: Intraday and scalping traders who require lower spreads.
• Pro Account:
• Leverage: Up to 1:500.
• Commission and Spread: Customizable based on traders preference.
• Suitable For: Professional traders who meet specific requirements.
• Managed Account:
• Offers access to a wide range of investment products, including ETF portfolios and strategies managed by professional traders.
• Minimum investment starting from €20 for ETFs.

These accounts cater to various levels of experience, from beginners to professional traders, allowing for flexibility in trading strategies.

Purple Trading Broker Account Opening Process

To open a trading account with Purple Trading, follow these steps:

• Visit the Official Website: Go to Purple Trading.
• Choose Account Type: Select the account type that suits your trading needs (STP, ECN, Pro).
• Fill Out the Registration Form: Complete the registration form with your personal information.
• Submit Identification Documents: Provide two valid documents: one for identity verification (passport or ID card) and one for proof of address (utility bill or bank statement).
• Review Agreements: Read and accept the terms and conditions, risk warnings, and other relevant policies.
• Account Verification: Once your documents are submitted, the verification process will take up to 1 working day.
• Fund Your Account: After verification, you can deposit the minimum required amount (typically $100 for STP and $500 for ECN accounts) to start trading.

Following these steps will enable you to successfully open an account and begin trading with Purple Trading.

Sources:

• Purple Trading Account Types
• Purple Trading Account Opening Process