In this review, we delve into the operations of Purple Trading, a forex broker established in 2015. Operating from its base in Limassol, Cyprus, Purple Trading offers its clients a robust platform for forex trading, with MetaTrader 4 being its primary trading platform. The company provides a diverse range of trading options, with over 60 forex currency pairs, gold, silver, bitcoin, and other cryptocurrencies. Purple Trading ensures a low entry barrier for potential traders, with a minimum of $100 needed to open a live account. The company offers a maximum leverage of 400:1 and a minimum trade size of 0.01. This flexibility has made it a go-to for both novice and seasoned traders. The company is regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring that it operates under strict regulatory standards. However, it's worth noting that the company's services are not available in some countries. Purple Trading also offers various trading platforms, including MT4, cTrader, and PurpleZone. Traders can access these platforms on both web and mobile, providing convenience for those who prefer to trade on the go. In addition to forex, Purple Trading also offers Contracts for Difference (CFDs) on a variety of instruments, including gold, silver, other precious metals, stocks, stock indexes, oil, and other commodities. The company also supports various deposit and withdrawal methods, including bank wire, VISA, MasterCard, Neteller, and Skrill. In conclusion, Purple Trading offers a comprehensive trading environment for forex and CFD traders. While the company has several strengths, potential traders should still conduct due diligence to ensure that it fits their trading needs and risk tolerance.

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Review

When it comes to Forex Trading, finding a reliable Forex Broker is crucial. One such broker that has gained recognition in the Forex Market is Purple Trading. This article offers an in-depth Purple Trading Review, focusing on its features, services, and user experience.

Overview of Purple Trading

Purple Trading, established in 2015, is a Forex Broker that provides an online trading platform for currency trading. It is based in Limassol, Cyprus, and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 271/15. The broker offers a variety of trading platforms, including the popular MetaTrader 4, cTrader, and its proprietary PurpleZone.

Trading Instruments and Options

Purple Trading offers a wide range of trading instruments. Traders can choose from over 60 forex currency pairs, gold, silver, and other commodities. Besides, it also offers trading options for bitcoin and other cryptocurrencies like Litecoin and Ethereum.

Trading Conditions and Features

The broker offers favorable trading conditions for traders, including a minimum trade size of 0.01 and a maximum leverage of 400:1. The minimum deposit to open a live account is $100. Purple Trading supports various trading strategies such as EAs/Robots, News Trading, and Scalping. It also offers Managed Accounts and Social Trading through PAMM.

Deposit and Withdrawal Methods

Purple Trading offers multiple deposit and withdrawal methods for the convenience of its users. These include Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard, Neteller, and Skrill.

Platform Accessibility

The broker offers both web trading and mobile trading options, ensuring that traders can access their accounts and trade from anywhere, anytime. The platforms are user-friendly and equipped with advanced tools for Forex Market Analysis.

Pros and Cons

Like any other broker, Purple Trading has its strengths and weaknesses. The pros include a wide range of trading instruments, multiple trading platforms, and flexible trading conditions. However, the broker is not available in some countries, which can be a limitation for some traders.

Scammer or not?

With its regulation by CySEC and transparent trading conditions, Purple Trading appears to be a legitimate broker. However, traders should always conduct their research before choosing a broker.

Safety Check

Purple Trading uses advanced security measures to protect users' data and funds. However, it's always recommended for traders to use strong passwords and enable all available security features.

FAQs

What is the minimum deposit to open a live account with Purple Trading?
The minimum deposit to open a live account with Purple Trading is $100.

What trading platforms does Purple Trading offer?
Purple Trading offers MetaTrader 4, cTrader, and its proprietary platform PurpleZone.

Does Purple Trading support mobile trading?
Yes, Purple Trading offers mobile trading options.

Is Purple Trading a scam?
Based on its regulation by CySEC and transparent trading conditions, Purple Trading appears to be a legitimate broker.

This independent review aims to provide useful information about Purple Trading. However, it's always recommended for traders to conduct their research before choosing a broker. Traders who have experience with Purple Trading are welcome to leave their feedback on the forexroboteasy.com website.

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