Purple Trading is an online true ECN / STP forex broker specializing in foreign exchange trading, commodities and stock indices. The broker was founded in Nicosia, Cyprus. Purple Trading also has an office in Prague, Czech Republic. Trading can be done with Purple Trading through the trading platform MetaTrader 4 for Windows, Mac OSX and mobile phones.
The beginnings of Purple Trading date back to the year 2012, when Purple Trading joined forces with Purple Technology s.r.o., and developed and provided technologies to forex brokers and other fin-tech companies.
The biggest news came in 2016, when Purple Trading joined forces with L.F. Investment Limited, which is an investment company licensed in the European Union, approved for the reception and transmission of orders, and also to manage the assets for all financial instruments. The Executive Director is Angelos Mouzouras.
As of October 2016, the forex broker Axiory Europe, providing services mainly in central and eastern Europe, announced that it was moving its activities under the Purple Trading brand. The forex broker Purple Trading is built with the “purple broker” principles and together with Purple Technology is a part of Purple Holding, a group providing solutions for the financial market. In comparison with Axiory Europe, Purple Trading expands its product line with solutions for money managers / strategy providers and investors.
Though the broker's target market is present in Czech Republic and middle Europe, it has spread in all countries around the European Union.
Purple Trading is an online forex and CFD broker and provides forex trading services with direct access to the interbank market. The main advantage of Purple Trading is that based on its license, Purple Trading is a solely STP / ECN broker with a 100% fair-play trading environment.
The liquidity providers of Purple Trading are:
Commerzbank, Barclays, Deutsche Bank, RBS, Nomura, SocGen, UBS, Bank of America, Citi, Goldman Sachs, JP Morgan, Morgan Stanley, non-bank LPs and selected ECNs
Within Purple Trading you can execute orders with a volume of up to 1000 lots. Purple Trading offers a financial leverage of 1:200 and doesn’t set any limits for any type of trading (scalping, hedging, HFT, algorithmic trading and others).
Purple Trading offers 4 type of accounts:
The Purple Trading brokerage brand is owned and operated by L.F. Investment Limited., an investment firm regulated by CySec in Cyprus and registered with regulators across the whole European Union: FCA, BaFin, ACPR, CONSOB, CNMV, FSA, AFM, KNF, CNB, NBS and more.
Every client of Purple Trading is listed separately within Purple Trading’s partner bank and thus their deposits are linked with their own name. All of the deposited funds of traders and investors are segregated from the company funds. Purple Trading is also part of the Investors Compensation Fund.
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