Purple Trading Journal

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Purple Trading Profile
Year
2007
Country
Cyprus
Branches
1
Regulation
CySEC Cyprus
Registration
CySEC Cyprus, BaFin Germany, ACPR France, CONSOB Italy, FSA Denmark, AFM Netherlands, KNF Poland, NBS Slovakia, CNB Czechia
Investor protection
Fund protection
Cyprus Investor Compensation Fund (ICF)
Publicly traded
no
Restricted in
Not serving
х Belgium, Switzerland, US
Broker type
STP, ECN pricing
Dealing book
A-book
Tier
3
Execution speed
40 ms
LPs total
5
LPs quality
Tier-1 Banks, Tier-2 PoPs
LPs names
Barclays, Commerzbank, Goldman Sachs, IS Prime, LMAX

Purple Trading Accounts
STP
ECN
Minimum Deposit
100 $
100 $
Leverage
30 : 1
30 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1.3 pips
0.3 pips
Commission
0 $/lotRT
10 $/lotRT
Volume
1000 lots
1000 lots
Margin Call
100 %
100 %
Stop Out
50 %
50 %
Execution
Market
Market
Spread
floating
floating
Scalping
Unlimited
Unlimited
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, SEPA Transfer
Base currency
EUR, USD, CZK, GBP, PLN
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 6 months
Update broker

Is Purple Trading safe?

  • Investor protection: Cyprus Investor Compensation Fund (ICF)
  • Regulation: CySEC Cyprus
  • Registration: CySEC Cyprus, BaFin Germany, ACPR France, CONSOB Italy, FSA Denmark, AFM Netherlands, KNF Poland, NBS Slovakia, CNB Czechia
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is Purple Trading trusted?

  • Information transparency: high ★★★★★
  • Customer service: ...
  • Purple Trading website: highly detailed, updated ★★★★★
  • Purple Trading popularity (by visitor count): low visits ★★

How Purple Trading works



ECN
Standard account for clients of Purple Trading. You will receive the standard ECN account automatically once you have opened a real account with us. It offers the lowest possible spreads directly from our liquidity providers and a modifiable commission per traded lot (see below). These qualities are what make the ECN account a common choice in the eyes of intraday and scalping traders.


(c) Speed of Execution: The Company acts as an agent on the Client’s behalf. The Company does not execute the Client Order as a principal to principal against the Client, i.e. the Company is not the Execution Venue (as defined in Commission Directive 2006/73/EC implementing MiFID) for the execution of the Client’s orders. Therefore, the Company transmits Client Orders or arranges for their execution with the third party liquidity providers it is collaborating with.

When you engage in CFDs trading you are placing a trade in relation to movements of prices set by the Company. Prices quoted to you by the Company will include a spread, mark-up, or mark-down when compared to prices that the Company may receive or expect to receive if it were to cover transactions with you by a trade in the interbank market or with another counterparty.

The prices derive from the prices of the underlying assets/markets and come from the relevant liquidity provider. The Company has no control over movements in the underlying prices which may be volatile and unpredictable.



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