Savvy Trading Insight: An In-Depth Review of Purple Trading

As professional broker reviewers, we’re taking a deep dive into Purple Trading today, dissecting all the details you need to know, from the account minimums to regulatory standards. Purple Trading is a platform under L.F. Investment Limited, and it has been operational in the trading industry for roughly six years.

Who is Purple Trading?

Founded and launched online in 2015, Purple Trading is part of the L.F. Investment Limited family. From the beginning, they’ve strived to provide a simplified yet exceptional trading experience, primarily using PAMM broker features.

Account Features and Standing

First things first, let's discuss the primary qualifications:

Low Barrier to Entry

One top feature that stands out is its low min account size of just $100, making it accessible to both beginner traders and those more experienced in the field. If you're just starting out or prefer to trade with mini lots, you'll be pleased to know that the minimum position size is just 0.01.

Leverage Explained

Unfortunately, the max leverage data was not understood and we could not interpret recx52zZP99yNLYJi. But what we can tell you is leverage can generally work for or against you. Knowing how to responsibly use leverage is important for helping you invest according to your financial abilities.

Spreading their Way to Success

In the trading space, lower is typically better when it comes to spreads, so it's refreshing to see that Purple Trading champions low spreads, generally beneficial for reducing trading costs.

The Regulatory Aspect: A Necessity in Trading

Ensuring your chosen trading platform is regulated is a serious business, and in this regard, Purple Trading doesn't disappoint. Purple Trading is firmly regulated – a feature invaluable for providing surety to clients about the broker's business practices’ legitimacy.

Hello, US Traders? Well, not exactly. Unfortunately, if you're based in the United States, you will not be able to use Purple Trading, as it currently doesn't allow US traders.

Conclusive Remarks

To wrap it up, Purple Trading has a solid foundation and offers pretty appealing features, particularly for traders aiming to start small. Despite the unfortunate exclusion of US traders and an incomprehensible leverage data, it’s overarching serious regulations make it an appealing choice. We give Purple Trading an average rating, based on its inclusive and progressive features, thus providing a competent platform for trading operations.

Our final verdict: Purple Trading is a seemingly reliable broker that could be more than adequate, especially for traders outside the US who prefer low-cost trading. As always, though, it is essential to do your due diligence and understand all the terms before diving into any trading activities.

Happy Trading!

Disclaimer: This review does not constitute financial advice. Always do your own research before investing or consult with a professional advisor.