Purple Trading Seychelles is a Forex and CFD broker that provides traders with access to global financial markets through several popular trading platforms. Operating under the trade name Purple Trading, the Seychelles entity is operated by AXSE Brokerage Ltd. and regulated by the Seychelles Financial Services Authority (FSA).
Unlike a proprietary trading firm, Purple Trading is a broker, meaning its primary role is to provide market access, trading infrastructure, and execution services rather than funding traders through evaluation programs.
What Does Purple Trading Offer?
The broker provides access to Forex and CFD markets, with instruments covering currencies, commodities, indices, and other financial products. Traders can choose between different account structures depending on their trading preferences.
Its Standard account offers spreads starting from 1.0 pips without commissions, while the RAW account provides spreads starting from 0.0 pips with a commission-based pricing structure. The broker advertises leverage of up to 1:500, although the level available to individual traders can depend on applicable conditions and requirements.
The broker supports several trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, cTrader Copy, and TradingView. This range gives traders flexibility when selecting their preferred trading environment.
Purple Trading and Prop Firms
Purple Trading Seychelles can also be relevant to the proprietary trading industry because brokers can provide the infrastructure and execution environment used by prop firms.
For example, Fintokei has partnered with Purple Trading Seychelles as its broker. In this arrangement, Fintokei operates its proprietary trading programs, while Purple Trading provides brokerage and market-access infrastructure.
This distinction is important for traders researching prop firms because the prop firm and broker can be separate companies with different responsibilities.
Regulation and Considerations
Purple Trading Seychelles is regulated by the Seychelles Financial Services Authority (FSA). However, traders should understand that the Seychelles entity does not operate under the same regulatory framework as an EU-regulated broker.
The company states that its Seychelles entity is outside the scope of MiFID II and does not provide access to an investor compensation scheme.
Overall, Purple Trading Seychelles is primarily a Forex and CFD broker offering multiple platforms, account types, and trading conditions. Traders should review the specific legal entity, regulatory protections, leverage, fees, and trading terms before opening an account.
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