Purple Trading Review 2026

How safe is Purple Trading?

Safety comes first when I choose a broker, and it should for any trader. An international client’s protection rests entirely on the Seychelles licence held by AXSE Brokerage Ltd, and on the firm’s own statement that there is no provision for an investor compensation scheme.

1. Regulation

The account you open as an international client sits with AXSE Brokerage Ltd, company number 8424258-1, incorporated in Seychelles and trading as Purple Trading, a business name registered in Seychelles on the site purple-trading.sc. It is licensed and regulated by the Financial Services Authority of Seychelles (FSA) as a securities dealer under the Securities Act 2007, holding Securities Dealer Licence SD041. Its registered office is Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles, and it does not accept residents of EU and EEA countries, the United States or Canada, among other countries on its published list. Plus500CA and Fortrade Canada state registration in every province and territory except Quebec, while fellow CIRO dealers OANDA, FOREX.com, CMC Markets, and Friedberg Mercantile Group Ltd. each state registration as an investment dealer in every province and territory and as a derivatives dealer in Quebec (each firm’s Canadian documents, read September 26, 2026).

As a client of AXSE Brokerage Ltd you are classified as retail or professional, and retail status carries the most regulatory protection; a client can ask the firm for reclassification. Client money sits in segregated accounts with banks, which the firm may not pledge, re-pledge or invest, and the firm says it is audited, though it names neither the banks nor the auditor. If a trade leaves an account negative, the balance is reset to zero within 7 business days, so a bad day cannot leave a client owing the firm money. Forex leverage runs as high as 500:1, tiered by total balance, and I cover the tiers in the leverage section below. Be aware that the firm states it has no provision for an investor compensation scheme, and that European financial services rules such as MiFID II do not apply to its services, so protection rests on the Seychelles licence alone. A complaint goes to [email protected], by phone, post or in person, with the firm aiming to resolve it within 5 business days before it escalates to the Compliance Officer and then the Directors, and a final answer comes within 30 business days. A client whose complaint is rejected can appeal to the Financial Services Authority of Seychelles.

The Purple Trading name is also used by L.F. Investment Limited of Limassol, Cyprus, which the Cyprus Securities and Exchange Commission (CySEC) licenses under number 271/15 and which serves only clients within the European Economic Area. AXSE Brokerage Ltd does not accept EEA residents, and neither company publishes how the two are connected. The CySEC licence and everything that comes with it therefore reach only the Cyprus firm’s clients, never an account you hold with AXSE Brokerage Ltd.

The protections you do not get are the ones a CySEC client would: coverage under the Investor Compensation Fund at up to EUR 20,000 or 90% of the claim, whichever is lower, and ESMA retail leverage limits of 30:1 on major pairs and 20:1 on other pairs.

Some of the abbreviations on this page are expanded to the regulator's full name: a broker regulated by CIRO is regulated by the Canadian Investment Regulatory Organization.

2. Reputation

Purple Trading recorded 96.1K total visits and a positive growth trend of 14.66% increase in traffic in the last three months leading up to January 2026. However, compared to SimilarWeb data from February 2026, when the platform recorded 154,760 visits, the current figures indicate a decline over the past year. In my opinion, this raises some questions about the broker’s long-term user retention and overall reputation. The table below highlights Purple Trading’s regional search interest in 2026.

Country, 10 rows.

Country	2026 Monthly Searches	Rank
Italy	170	1st
Poland	140	2nd
India	110	3rd
Japan	70	4th
Germany	50	5th
United Kingdom	40	6th
United States	40	7th
Cyprus	40	8th
Netherlands	20	9th
France	20	10th

3. Reviews

Our score for Purple Trading is set against every other broker on compare broker accounts.

My Verdict On Trust With Purple Trading

In my opinion, the Seychelles licence, the absence of any compensation scheme, and the firm’s own statement that MiFID II does not apply to its services make this a broker to treat with care. I would not call it unsafe on that basis alone, but a client here carries more risk than with a broker under a compensation scheme. Do your due diligence before signing up.

What traders say about Purple Trading

What other review sites say about Purple Trading

These are ratings of Purple Trading from other platforms, read on the date shown and expressed on each platform's scale, so you can weigh them against our own score.

Platform	Rating	Volume	Read on
Trustpilot	3.4 / 5	114	Nov 1, 2026
TradingView	3.9 / 5	34	Nov 1, 2026

Purple Trading holds a Trustpilot rating of 3.4 out of 5 from 114 reviews, checked Nov 1, 2026.

On TradingView, Purple Trading is rated 3.9 out of 5 from 34 ratings, checked Nov 1, 2026. The TradingView profile for Purple Trading shows 407 traders, the count of those who have connected an account through TradingView.

App Store and Google Play ratings for Purple Trading

Our score is based on published criteria and is not influenced by these third-party ratings.

How popular is Purple Trading?

Purple Trading sits in the lower half for search interest, 53rd of 61 on 2,410 branded searches in September 2026. Search interest measures attention, not quality; the score above is the review verdict.

53of 61Search interest rank

2,410

Brand searches, September 2026

+25.5%

vs August 2026

30

Login searches

0.0%

Share of all searches

Source: Google search volume, Worldwide, September 2026.

How this is measured

Google Ads reports how many times a month people searched each broker's brand terms, and the brokers are ranked on that figure alone.

A term counts for a broker only when that broker's own website holds the first organic Google result for it; bare brand words that any company could own are left out.

A month-on-month change prints only where the previous month reached 1,000 searches, because Google rounds smaller volumes.

The figures refresh on the 15th of each month with the newest month Google has published, and the first-result check repeats every quarter.

Purple Trading by market, September 2026

Market	Rank	Brand searches	vs August
Worldwide	53 / 61	2,410	+25.5%
Malaysia	16 / 16	10	n/a

Source: branded Google search volume, September 2026, covering Worldwide, Malaysia.

Purple Trading at a glance

Purple Trading spreads and fees

Purple Trading does not charge for deposits or withdrawals on any published method, though an intermediary bank may charge a fee on an international payment. The costs that remain are the spread, the RAW commission, overnight swaps, and the dormant fee.

1. Raw Account Fees and Spreads

The RAW account is the commission-based account, with a EUR/USD average spread of 0.3 pips on the firm’s list of symbols and a floor the home page states as from 0.0 pips. Commission is US$5 per side, US$10 per lot round turn, on forex, metals, and energies. In my opinion this account suits scalpers and intraday traders who put tight pricing first. The terms also list a VIP RAW account at US$6 per round-turn lot and a Fixed fee VIP RAW account at US$2 per round-turn lot plus a fixed fee of EUR 2,000 a month, though who qualifies is not published. For comparison, IC Markets lists 0.1 pips on EUR/USD, an average it labels for its Raw Spread account, so the RAW account’s 0.3 pips sits above that figure.

RAW Account Spread Comparison, compared on spreads.

RAW Account Spread Comparison	EUR/USD	AUD/USD	AUD/JPY	EUR/GBP	EUR/JPY
	0.30	0.40	0.80	0.40	0.60
	0.10	0.10	0.90	0.20	1.20
	0.10	0.00 (min)	0.50	0.27	0.30
	0.00	0.20	0.10	0.10	0.20
	About 0.2 (Myfxbook)	0.10	0.10	0.30	0.00
	0.10	0.10	0.90	0.40	0.50
	0.44	0.57	1.04	0.71	0.90
	0.10	0.10	1.10	0.50	0.60

Avg. spreads are taken from each broker’s website and updated monthly. Last update on 1 Sep 2026, corrected 12 Oct 2026

2. Standard Account Fees and Spreads

The Standard account is commission-free, with costs in the spread, which averages 1.3 pips on EUR/USD on the firm’s list of symbols and carries a floor the home page states as from 1.0 pips. For comparison, IC Markets publishes a Standard account minimum from 0.8 pips, a floor rather than an average, worth keeping in mind when you weigh a commission-free account priced through the spread.

Standard Account Spreads, compared on spreads.

Standard Account Spreads	EUR/USD	AUD/USD	EUR/GBP	GBP/USD	USD/JPY
	1.30	1.60	1.30	1.50	2.40
	1.10	1.10	1.20	1.20	1.30
	0.80 (min)	0.80 (min)	1.00 (min)	0.80 (min)	0.80 (min)
	1.20	1.30	1.30	1.50	1.10
	1.13	1.01	1.71	1.66	1.12
	1.2	1.48	1.47	1.51	1.49
	1.40	1.60	1.40	1.60	1.80

Avg. spreads are taken from each broker’s website and updated monthly. Last update on 1 Sep 2026, corrected 12 Oct 2026

3. Swap-Free Account and Fees

If your strategy involves holding positions overnight, Purple Trading charges swaps on those positions, calculated on the interbank market price, and they vary by instrument. There is no swap-free account published, so factor these costs into your trade planning.

Other Fees

Purple Trading charges a quarterly dormant account fee of 30 USD, 30 EUR, 30 GBP, or 700 CZK once your account has been inactive for 3 months or more, or the full free balance where that is smaller. Dividend adjustments may also be applied to your trading account. This will be based on the size of the dividend, the size of your position, applicable taxes, and trade type (buy or sell) for the specific instrument.

My Verdict On Purple Trading Spreads And Costs

Purple Trading’s Raw account averages 0.3 pips on EUR/USD, and its international entity, AXSE Brokerage Ltd, sets the Raw commission at US$5 per side, or US$10 per lot round turn. On one lot, that spread works out to about US$3, so the round turn comes to about US$13. The Standard account averages 1.3 pips on EUR/USD, which also equates to about US$13 per lot round turn. Both figures sit above the industry benchmark, where leading ECN brokers typically come in between US$6 and US$7 per round lot and standard accounts average 1.1 to 1.2 pips. In my opinion, Purple Trading’s trading fees are on the higher side against those standards.

Purple Trading account types and minimum deposit

The online form runs to four steps: basic personal information, knowledge and experience, an investment questionnaire, and identity verification. The registration page does not list which identity documents it accepts, so you cannot tell from the page what to prepare before you start. Once the form is done, account management runs through the PurpleZone client area.

Deposits and withdrawals with Purple Trading

Deposits and withdrawals are requested in the PurpleZone client area, and every deposit and withdrawal method on the firm’s list is free. The options and processing times below set out what each one involves.

What Is the Minimum Deposit At Purple Trading?

The minimum deposit is US$500 at AXSE Brokerage Ltd, Purple Trading’s global entity regulated by the Seychelles FSA. The amount is the same on its Standard and RAW accounts.

Account Base Currencies

Purple Trading offers trading accounts with base currencies in EUR, USD, GBP, CZK, and PLN. This gives you the flexibility to choose an account currency that aligns with your local currency or preferred trading asset, thus reducing recurrent conversion fees.

Deposit Options and Fees

Card deposits with Visa or Mastercard are instant and free, though prepaid and virtual cards are not accepted, and the first deposit with a new card is approved by hand within 1 working day. A SEPA payment in EUR takes 1 business day at the firm and 1 to 2 business days at the bank. An international payment in another currency takes 3 to 5 business days, and an intermediary bank may charge a fee on the way through. Sticpay is instant, but it is not available to corporate clients.

Withdrawal Options and Fees

Card withdrawals take 1 business day at the firm and 3 to 10 business days at the bank, and they are only processed in the currency of the original deposit. The firm itself keeps up to five working days to process any withdrawal. An intermediary bank may charge a fee on an international payment, which is the one cost that can reach a client. Cards are not available in some jurisdictions, so check the available options before funding.

My Verdict On Funding With Purple Trading

I like that every deposit and withdrawal method is free, and the firm keeps up to five working days to process a withdrawal. The gap is the e-wallet side: Skrill, Neteller and PayPal appear nowhere on the published list, leaving Sticpay as the sole e-wallet. In my opinion the methods that are there suit an international client, though residents of EU and EEA countries are among those the firm does not accept.

Purple Trading trading platforms and app

Purple Trading gives a trader a choice of four platforms: cTrader on web, Windows, Mac, Android, and iPhone, MetaTrader 4 and MetaTrader 5 on web, Windows, Mac, Android, and iOS, and TradingView. On cTrader, clients can choose between Single Chart Mode for one chart at a time, Multi-Chart Mode for comparing several assets, and Free-Chart Mode for a fully customised workspace. Smart-Size resizes charts whenever a window is adjusted, so all charts remain visible and the workspace stays tidy. Depth of market offers three views, standard depth, price depth, and VWAP depth, where MetaTrader 4 has only one, and these views give a better read on liquidity at different price levels for more precise entries. cTrader Automate lets a trader build trading robots and custom indicators in C# inside an integrated development environment, with backtesting included. Watchlists show live prices for the instruments and open a chart in one click, and Finder searches for any instrument instantly.

Advanced Order Types cTrader supports various order types to suit different trading strategies. These include Market Orders for immediate execution, Limit Orders for precise entries, Stop Orders to capture price momentum and Trailing Stops to lock in profits automatically. Price Alerts cTrader offers a superior price alert system compared to MT4. This feature allows you to efficiently monitor specific price levels across various instruments for better decision-making. By setting custom alerts, you can receive notifications when an asset reaches your predetermined price. Risk Management To protect you from losses and risk, cTrader offers stop-loss orders to automatically close a position and limit losses if the price moves against you. You can also set trailing stop-loss orders and take-profit orders to lock in profits by closing the trade once the asset reaches a target price.

TradingView connects only to a cTrader RAW live account, and its markets are forex, stock indices, and commodities, so check that the instruments you trade are covered before relying on it. There is no Purple Trading branded app: mobile trading runs on the third-party apps, Spotware’s cTrader app, the MetaTrader 4 and MetaTrader 5 apps, and the TradingView app. The cTrader app carries watchlists and price alerts, and one-click trading from the watchlist shows position size, margin, and possible loss before an order is confirmed, with stop-loss and take-profit levels available. Copy trading is offered through a separate cTrader Copy account, and cTrader may charge management, performance, and volume fees. If a dispute about cTrader Copy arises, it goes to cTrader rather than the broker, so read those terms before committing funds.

Purple Trading app

Purple Trading's app Purple Trading cTrader is rated 5.0 out of 5 from 2 ratings on the UK App Store, checked Nov 1, 2026.

View on the App Store

My Verdict On Trading Platforms

I think Purple Trading gives you a solid range of platforms to choose from, across cTrader, MetaTrader 4, MetaTrader 5, and TradingView. Since there is no branded app, the mobile experience is the third-party apps, and copy trading sits with cTrader Copy rather than the broker itself.

Markets you can trade with Purple Trading

The list of symbols covers 73 CFDs. There are 56 forex pairs running from AUD/CAD to ZAR/JPY, with exotics such as GBP/ZAR among them, plus 10 indices including the US 100, Germany 40 and US 500, 4 metals (gold, silver, palladium and platinum) and 3 energies (Brent, WTI crude and natural gas). The firm says it streams raw prices from its liquidity providers. There are no share CFDs, crypto CFDs, ETFs, bonds or futures, so if you want those, you trade elsewhere.

What Leverage Does Purple Trading Offer?

Forex leverage is tiered by total balance: 500:1 at the top, then 200:1 up to USD 120,000, then 100:1 above USD 120,000, and the firm publishes the 500:1 tier ending at USD 12,000 in the list of symbols and at USD 20,000 in the terms and conditions, so confirm which applies before you size up. Gold and silver run at 100:1, indices at 100:1 except Hong Kong 50 at 50:1, and oil, natural gas, palladium and platinum at 20:1. The firm may cut leverage at any time at its discretion, and a margin call hits at 50% with a stop out at 20%.

My Verdict On Range Of Markets And Leverage

In my opinion the selection is decent for forex and the leverage options are competitive. I would like to see ETFs, bonds and share CFDs added, which would widen the range for traders looking to diversify.

Purple Trading customer service, research and education

Support runs by phone and email at [email protected], Monday to Friday from 06:00 to 15:00 GMT. There is no support outside those hours, so if you need help on a weekend you will wait until Monday.

Research and education

The firm publishes no education or research section on purple-trading.sc; what the site covers is its platforms, the web trader, how to open an account and its legal documents. If you want learning materials, you will need to source them elsewhere.

Our final verdict on Purple Trading

AXSE Brokerage Ltd, licensed by the Financial Services Authority of Seychelles, offers 73 CFDs on the cTrader, MT4, MT5 and TradingView terminals. Its trading fees are higher than average, though, which puts it at a disadvantage if cost is what you compare first.

The forex selection is decent, but the wider asset range needs work before it matches the top brokers. Support hours are limited to 06:00 to 15:00 GMT on weekdays, and with no research or education section, you bring your own analysis.

In my view there is nothing strikingly wrong with this broker, but it lacks the extra spark that makes the top forex brokers stand out. Weigh that against the absence of any compensation scheme before you commit your money.