Is PURPLE TRADING safe and legit？ Full review
PURPLE TRADING is a Cyprus-based broker regulated by the Cyprus Securities and Exchange Commission (CYSEC), having operated since 2015. It offers three account types — PRO, ECN, and STP — and supports the CTrader, MT4, and MT5 trading platforms, along with mobile app, PC, and web access. Customer service covers nine languages and two service regions, though response times can be lengthy. PURPLE TRADING carries a B influence rating, with its reach spread across Europe and several other markets. Its main strengths are CYSEC regulation, a full MT4/5 license, and multiple account types; the main drawbacks are the absence of biometric login and the expectation of slow customer support responses.
Regulatory Compliance and Security
PURPLE TRADING is regulated by the Cyprus Securities and Exchange Commission. Its regulatory status is fully compliant (States: 600), with a safety level of Level 1.
Account Type
Trading software
PURPLE TRADING uses the CTrader, MT5, and MT4 trading platforms and supports mobile app, PC, and web access. The MT4/5 platform carries a full license, and the software experience is rated as "Perfect."
MT4/5 Server Distribution:
- MT5: PurpleTrading-Demo (Cyprus, Japan, Singapore); PurpleTrading-Live (Singapore, Japan, Cyprus).
- MT4 Live: PurpleTrading-01Live, PurpleTrading-02Live, PurpleTrading-03Live, PurpleTrading-04Live, and PurpleTrading-05Live across Cyprus, Japan, Singapore, the United Kingdom, The Virgin Islands, and China Hong Kong.
- MT4 Demo: PurpleTrading-01Demo and PurpleTrading-02Demo across Cyprus, Japan, Singapore, the United Kingdom, and China Hong Kong.
Mobile Support: Mobile App
Customer Service
Customer support is available in 9 languages and covers 2 service regions. Users can reach the broker via phone, email, and IM App channels, though response times may be lengthy.
Influence
PURPLE TRADING has an influence rating of B. Its influence is mainly distributed in Austria, Australia, Belgium, Bulgaria, Canada, Colombia, Czech Republic, Germany, Spain, and France, with an average influence index of 6.56.
5-10 years
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