Is Purple Trading a Scam? Honest User Reviews Reveal the Truth

If you want to see whether a broker is truly reliable, you must read real user reviews. Therefore, to tell you the truth about Purple Trading, we collected genuine reviews for you that reveal the real story about this broker. In this article, you will learn about Purple Trading Regulation , its Trading Platform, Account Types and user reviews.

Purple Trading Regulation

We checked Purple Trading regulation, as it is a necessary step when choosing any broker. We searched the official Purple Trading website and found the information provided about its regulatory status. According to the website…

Purple Trading is a trade mark (no. 85981) owned and operated by L.F. Investment Limited, a licensed Cyprus Investment Firm regulated by the CySEC lic. no. 271/15. L.F. Investment Limited is legally obligated to follow all laws of Cyprus and rules and conditions of its CySEC license.

ESMA is the European Securities and Markets Authority is an independent body of the European Union whose main objective is to strengthen investor protection and promote well-functioning financial markets. This does by introducing measures that contribute to safeguarding the stability of the EU financial system.

Purple Trading – Trading Platforms Overview

After reviewing Purple Trading regulatory status, we also checked which trading platforms the broker offers to its clients. Purple Trading provides access to MetaTrader 4 and MetaTrader 5 — two of the most widely used trading platforms globally. These platforms are known for being user-friendly and feature-rich, making them suitable for both beginners and experienced traders.

Available Account Options at Purple Trading

Purple Trading offers several account types tailored to different trading styles. Clients automatically receive a standard ECN account when they open a real trading account, while the STP account is an alternative option suitable for position or swing traders. For those seeking a more hands-off approach, the Managed Account provides access to a wide range of investment products, including passive ETF portfolios and professionally designed dynamic strategies, along with their “mini” versions. Additionally, the PRO Account is designed for experienced traders, reflecting the brokers commitment to accommodating professional trading needs.

Honest User Reviews

People may know about Purple Trading regulation, trading platforms, and account types, but the review would still be incomplete without examining real user feedback. These reviews help reveal the true performance of the broker and highlight issues traders have reportedly faced.

1. Rude Customer Support

One user claimed that the customer support team at Purple Trading was disrespectful and rude. According to him, the staff did not handle clients with care, spoke harshly, and showed little willingness to help. He warned others that it is a waste of time to invest with the broker and described the experience as the worst customer service he had ever encountered.

2. Broker Does Not Refund

Another user reported a terrible experience with refunds. He said that after losing money and requesting a refund, the broker did not return any amount. He felt ignored throughout the process and warned others that getting refunds from this broker is extremely difficult.

3. Not Willing to Solve Problems

One trader warned that Purple Trading is unwilling to solve issues caused by their own mistakes. He stated that the broker made errors that resulted in the loss of his money, yet they refused to address the problem. He described the broker as a major disappointment and advised others to stay away if they want to avoid losing their funds.

4. Withdrawal Request Still Pending

Another user shared that his experience with Purple Trading was very poor. Even after submitting a withdrawal request, his funds had not arrived even after 10 days. He also faced problems with partner reward payments and had difficulty communicating with customer support. Additionally, he complained about very high spreads and overall trading expenses. In his Purple Trading review, he clearly stated that he would not recommend the broker for these reasons.

5. A Complete Nightmare

One user described his experience with Purple Trading as a nightmare. He claimed that the broker handled traders in a highly unprofessional manner and pointed out several issues such as sudden increases in spreads, random changes in open positions, and unreliable copy-trading features. He also said that customer support was unhelpful and failed to address any of his concerns. Due to the constant errors and poor service, he strongly advised others not to use this trading platform.

Join official Broker community! Now

You can join the group by scanning the QR code below.

Benefits of Joining This Group

1. Connect with passionate traders – Be part of a small, active community of like-minded investors.

2. Exclusive competitions and contests – Participate in fun trading challenges with exciting rewards.

3. Stay updated – Get the latest daily market news, broker updates, and insights shared within the group.

4. Learn and share – Exchange trading ideas, strategies, and experiences with fellow members.