Score
Seychelles
|
5-10 years
| https://www.purple-trading.sc/
Website
Rating Index
MT4/5
Full License
PurpleTradingSC-02Live
Influence
C
Influence index NO.1
Czech Republic 2.64
MT4/5 Identification
Full License
SingaporeInfluence
C
Influence index NO.1
Czech Republic 2.64
LicensesLicensed Entity：AXSE Brokerage Ltd
License No. SD041
Single Core
1G
40G
1M*ADSL
Seychelles
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
purple-trading.sc axse-prime.com
VIP is not activated.
| Purple Trading Review Summary | |
| Registered On | 2021-01-11 |
| Registered Country/Region | Seychelles |
| Regulation | Offshore Regulated |
| Market Instruments | Forex, Precious Metals, Indices, and Commodities |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.0 pips |
| Trading Platform | MT4 and MT5 (Web, Windows, MAC, Android, and iOS) |
| Min Deposit | $500 |
| Customer Support | EN: +44 14 46 509 157 |
| help@purple-trading.sc | |
| Suite 3 Global Village, Jivans Complex, Mont Fleuri, Mahe, Seychelles | |
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 | Cons |
| Spreads as low as 0.0 pips | Offshore regulation |
| Leverage up to 1:500 | High leverage risk |
| cTrader, MT4, and MT5 available | Deposit and withdrawal restrictions (credit cards unavailable for some users) |
| Negative balance protection |
The Seychelles Financial Services Authority (FSA) offshore regulates Purple Trading with the license number SD041.
| Tradable Instruments | Specific Instruments | Spread Level |
| Forex | Major Currency Pairs (e.g., EURUSD) | As low as 0.0 pips |
| Precious Metals | Gold (XAUUSD) | 0.0 pips |
| Indices | DAX Index | 0.7 pips |
| S&P 500 (SP) | 0.5 pips | |
| Commodities | Crude Oil (WTI) | 0.03 pips |
| Account Type | Standard | RAW |
| Minimum deposit | $500 | $500 |
| Spread from | 1.0 pips | 0.0 pips |
| Commissions | Zore | Zore |
| Leverage | up to 1:500 | up to 1:500 |
| Minimum lot size | 0.01 | 0.01 |
| Margin call level | 50 % | 50 % |
| Stop out level | 20 % | 20 % |
| Hedging | Scalping | EAs | Allowed | Allowed |
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).
| Trading Instruments | Maximum Leverage Ratio |
| Forex (e.g., EURUSD) | 1:500 |
| Gold/Indices | 1:100 |
| Crude Oil | 1:20 |
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web, Windows, MAC, Android, and iOS | Beginners |
| MT5 | ✔ | Web, Windows, MAC, Android, and iOS | Experienced Traders |
| cTrader | ✔ | Web, Windows, MAC, Android, and iOS | All |
| Method | Fee | Platform Processing Time | |
| Deposit | SEPA Payment (EUR) | Free | 1 business day; Bank Settlement Time: 1–2 business days |
| Credit Card (Visa/Mastercard) | Free | Instant (1 business day for first deposit) | |
| Sticpay | Free | Instant | |
| International Wire Transfer | Free | 3–5 business days | |
| Withdrawal | Credit Card | Free | 1 business day; Synchronized with bank processing: 3–10 business days |
| Sticpay | Free | 1 business day | |
| Other Methods | Free | Consistent with the deposit process |
Traders can use the built-in copy trading function on the MT5 platform to automatically follow the strategies of experienced traders.
The spread for EUR/USD on Purple Trading spread starts at 0.0 pips with the RAW account, which is amazing for me if I’m aiming for ultra-tight spreads. If I go with the Standard account, it’s 1.0 pips, which is still good but not as low.
Purple Trading broker offers leverage up to 1:500, which is tempting if I want to increase my position size. But I’d be cautious with such high leverage because it amplifies both gains and losses. I’d definitely use it carefully.
If I’m using e-wallets like Sticpay, I can get my money in 1 business day, which is great. If I choose a bank transfer, though, it can take 3-5 business days. So, I’d personally prefer using e-wallets for quicker withdrawals.
Honestly, I wouldn’t call Purple Trading 100% safe, since it’s offshore regulated by the Seychelles Financial Services Authority. While they do have some regulation, it’s not as strict as what you'd get with top regulators like the FCA or ASIC. For me, that means a bit more risk when I trade with them.
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JaeelD
United States
Unable to withdraw more than what I've deposited. Over the years my investment has grown a decent bit, however, recently I've wanted to take some money out to fill up my lifetime ISA before the end of the tax year. I sold some stocks and tried to withdraw but discovered I can't withdraw above what I've invested? Asked the AI bot and it confirmed this. Is this true for anyone else? If this is true this seems really concerning which I have already taken some months trading already
Exposure
FX3060503694
Japan
You can trade with amounts that wouldn't normally be possible, and since you can use the familiar MT4 or MT5, it's highly recommended.
Positive
cxy38715
United States
This is one of the safest companies with many useful services for its subscribers and a professionally designed easy-to-use interface, so for that, this company deserve 5 stars.
Positive
FX1159529576
Australia
Yes, Purple trading is a wonderful broker! Everything is perfect with purple trading, low spreads, generous leverage, hedging & scalping allowed, no requotes.But if you are a beginner, the minimum deposit may not be friendly to you, from $500.
Positive