Purple Trading Forex Broker

Purple Trading Review SummaryRegistered On2021-01-11Registered Country/RegionSeychellesRegulationOffshore RegulatedMarket InstrumentsForex, Precious Metals, Indices, and CommoditiesDemo Account✅LeverageUp to 1:500SpreadFrom 0.0 pipsTrading PlatformMT4 and MT5 (Web, Windows, MAC, Android, and iOS)Min Deposit$500Customer SupportEN: +44 14 46 509 157help@purple-trading.scSuite 3 Global Village, Jivans Complex, Mont Fleuri, Mahe, SeychellesPurple Trading Information Purple Trading Seychelles is an online broker headquartered in Seychelles, providing global traders with CFD (Contract for Difference) trading services for financial products such as forex, precious metals, indices, and crude oil. It supports mainstream trading platforms like cTrader and MetaTrader 4/5 (MT4/MT5), catering to traders with different experience levels.Pros and ConsPros Cons Spreads as low as 0.0 pipsOffshore regulationLeverage up to 1:500High leverage riskcTrader, MT4, and MT5 availableDeposit and withdrawal restrictions (credit cards unavailable for some users)Negative balance protectionIs Purple Trading Legit? The Seychelles Financial Services Authority (FSA) offshore regulates Purple Trading with the license number SD041.What Can I Trade on Purple Trading?Tradable InstrumentsSpecific InstrumentsSpread LevelForexMajor Currency Pairs (e.g., EURUSD)As low as 0.0 pipsPrecious MetalsGold (XAUUSD)0.0 pipsIndicesDAX Index0.7 pipsS&P 500 (SP)0.5 pipsCommoditiesCrude Oil (WTI)0.03 pipsAccount TypeAccount Type StandardRAWMinimum deposit$500$500Spread from1.0 pips0.0 pipsCommissionsZoreZoreLeverageup to 1:500up to 1:500Minimum lot size0.010.01Margin call level50 %50 %Stop out level20 %20 %Hedging | Scalping | EAsAllowedAllowedPurple Trading Fees For the Standard account, the spread for currency pairs starts at 1.0 pips, while the RAW account offers spreads as low as 0.0 pips. Commission is only charged for the RAW account, at $5 per side per trade (for example, a total of $10 for opening and closing a position).LeverageTrading InstrumentsMaximum Leverage RatioForex (e.g., EURUSD)1:500Gold/Indices1:100Crude Oil1:20Trading PlatformTrading PlatformSupported Available Devices Suitable for MT4✔Web, Windows, MAC, Android, and iOSBeginnersMT5✔Web, Windows, MAC, Android, and iOSExperienced TraderscTrader✔Web, Windows, MAC, Android, and iOSAllDeposit and WithdrawalMethodFeePlatform Processing TimeDepositSEPA Payment (EUR)Free1 business day; Bank Settlement Time: 1–2 business daysCredit Card (Visa/Mastercard)FreeInstant (1 business day for first deposit)SticpayFreeInstantInternational Wire TransferFree3–5 business daysWithdrawalCredit CardFree1 business day; Synchronized with bank processing: 3–10 business daysSticpayFree1 business dayOther MethodsFreeConsistent with the deposit processCopy Trading Traders can use the built-in copy trading function on the MT5 platform to automatically follow the strategies of experienced traders.