Purple Trading a relatively young brand founded in 2016. They cooperate with innovative technology company called Purple Technology, that serves broker companies since 2011. The Purple Trading brand is run by L.F. Investment Limited, an investment company with european licence, that allows them to accept and passing orders for any investment instruments. Thanks to that Purple Trading can offer retail solution for traders and PAMM managers and investors. Because they are in possession of MiFID licence, both the trader and investor enjoy the assurance of the European Regulation.
Purple trading is a STP broker type, which has an effect on the offered services. Main goal of the company is to offer high quality environment for professional traders, but also for smaller retail clients. Purple Trading PAMM module can be an alternative investment solution, often entailing less entry requirements than other investment solutions, and more effectively and cheaper. An investor, who is not interested in trading himself, can one an account starting from $1000.
Use Purple Trading managed services – PAMM
Lets look into the trading accounts more closely. We should separate them into two main groups. First is the group of traders, that are interested in trading themselves. , leverage up to 1:200, fast execution, spread from 0.3 pip on EURUSD and other advantages. The main platform is MetaTrader 4, PAMM modul and Purple Trading client zone. You can try unlimited demo account, which will automatically close after 30 days of inactivity. If you are having troubles setting it up, tech support is very professional, because it is one of the main points Purple Trading is focusing on. It is available in English, Czech, Slovakia and Spanish.
The second option is the PAMM Module listing all the strategy providers and their strategies. Thanks to the licence and technology it is an unique product mainly because of the previously mentioned low minimum deposit. If you are thinking why to join Purple Trading, it is mainly the PAMM account. Wheather you are an investor or PAMM manager.
The speciality in this area is something called the Capital Guard, which can make sure that you are not losing all the amount invested in a strategy – if your selected strategy starts losing. In reality it means, that the risk of losing your account will diminish based on preset limit, where all trades will be closed at the best possible price on the current market conditions. This way, you lose the preselected amount, in case the selected Strategy did not perform as expected.
Main broker advantages:
STP, DMA/ECN broker.
Funds are kept at segregated accounts.
Offers several platforms including MetaTrader.
High quality Money Manager solution.
Technical support is in English.
Low spread from 0.3 pip.
Main broker disadvantages:
Do you have experience with Purple Trading? Do not hesitate and share it with us!