Purple Trading is an online broker that is regulated in multiple jurisdictions and offers multi-asset trading with reliable and transparent conditions. The broker offers forex and CFD trading in a range of instruments across different markets, such as Forex, indices, stocks, cryptocurrency, metals, energies, and other commodities.

Launched in 2016, Purple Trading brings innovation to the online trading world and continues to improve its trading services. They use a Direct Interbank Market Access (DMA) model, offering interbank variable spreads with good execution spreads for all traders and supporting all trading styles, including scalping, hedging, and high-frequency trading.

Markets

Purple Trading offers a wide range of trading instruments, including Forex, Indices, Stocks, CFDs, and Shares.

Forex Trading

You can trade a broad choice of currency pairings, including EURUSD and unusual currency combinations like GBPZAR. Trade Forex with low spreads and fast execution.

Indices

You may speculate on the growth of stock indexes of the world’s largest economies, such as the NASDAQ, DAX, and SP500, and profit from their success.

Commodities

You may trade oil, gold, silver, and other precious metals with Purple Trading, all with prices straight from the interbank market, low spreads, and lightning-fast executions.

CFDs

There are more than 100 stocks from the world’s most well-known firms are available on your MT4 platform, with low spreads and lightning-fast execution. You can also trade futures contracts to trade wheat, coffee, soybeans, and other commodities. Purple Trading provides opportunities by using pricing directly from the interbank market and fast execution.

Stocks

You may choose 12 of the most prestigious companies in the Italian economy and enter them immediately into your MT4. Simultaneously, you may enjoy decreased costs that are viewed as needless to a bare minimum. Investing in a firm like Ferrari does not have to be a pipe dream.

Platforms

The broker provides clients with the following trading solutions:

cTrader Platform

When creating the cTrader platform, the Spotware team decided to take a fresh look at the whole process. They created a trading platform “by traders for traders” and based all their decisions on their branded “Traders First” vision. This implies that navigating the platform is straightforward, that access to markets is quick, and that the selection of tools and charts is extensive. cTrader may be used on both PCs and mobile devices and in all major browsers.

To the maximum degree possible using PC, you may take advantage of the direct STP/ECN market surplus. To trade Forex, you may use over 60 different kinds of indicators and 26 different tick charts. Alternatively, you may use the built-in cTrader Automate feature to create your trading strategies.

Be prepared to respond to any changes in the markets. You may do so by connecting from any web browser and device (PC or Mac) using the cTrader web interface without having to install anything.

CTrader used a quick and simple platform with over 27 different indicators. Use a handy trading program that you can leverage from your mobile.

A creator of automated trading systems’ dream come reality. You can take your trading strategy to the next level with the built-in code editor and other backtesting capabilities. Because cTrader and its Automate Editor work in perfect unison, your “creations” will function as smoothly as possible.

MetaTrader 4

A range of features in MT4 is appealing to new traders. Many of which are readily accessible to assist people in getting started in trading with simplicity. The fundamental functionality of this platform is straightforward. It is even possible to trade directly from the chart with a single click. You can download the free MetaTrader 4 lesson on the Purple Trading website. This platform has something unique to offer those of you who are familiar with programming languages. Automatic Trading Systems (AOS) are fully supported in MetaTrader 4, allowing you to develop and backtest your strategies.

All you need is a basic understanding of MetaQuotes Language MQL, which is quite similar to C++. Any programming or automation skills will help you get started with this fantastic feature. Don’t go against the trend; take advantage of the world’s most popular trading platform and go after the comfort of user-friendly settings.

MetaTrader 4 is a well-equipped traders’ workstation that allows users to trade in financial markets (Forex & CFD). It provides these users with the tools and resources they need to evaluate financial instrument price dynamics, perform trade transactions, and design and deploy automated trading systems.

• User-friendly and easy to navigate
• Enabled Roll-over and Hedging
• MQL4 Programming Language
• 3 order execution types
• 4 Pending Order Types
• 30 Technical Indicators
• 9 Timeframes
• Single-threaded strategy tester

Tools

In addition to the tools in the various trading platforms, the broker also provides some other useful trading tools, such as Autochartist, Purple Extreme Indicator, Purple Strike Indicator, and Purple Bands Indicator.

Purple Indicators

If you’re seeking a useful forex indicator to assist you in identifying potentially profitable trading opportunities and increase your chances of success, Purple Bands indication is a fine option for you. The Purple Bands indicator is a nocturnal beast that draws price levels at midnight every night for the next 24 hours. Purple Trading paid close attention to the well-recognized flaws of competitive indicators during the indicator development and attempted to avoid them. As a consequence, the Purple Bands Indicator stands out from the others. It does not redo any previously drawn price levels. The sketched price levels allow traders to recognize overbought or oversold market conditions, as well as future drops or gains. According to the official website, the accuracy of these forecasts may reach up to 80%.

The purple level indicator keeps a close eye on every analyst working for large financial organizations and every professional trader. You won’t miss out on support and resistance levels either. The design is such that the support and resistance levels are automatically created based on a large quantity of previous price level data.

It was created to prevent faults that Purple Trading saw among our rivals. The indicator was designed to survive even the harshest market conditions and gather data. It is intended to provide users with transparency and accessibility. Sure, the Purple Extreme indication isn’t the most visually appealing, but it’s got some real muscle, and that’s what extreme conditions are all about.

Purple Zone

Managing your company or investment profile, depositing and withdrawing funds, and keeping track of your trading actions should not be difficult. That is why Purple Trading created the Purple Zone, a client zone that is fast, straightforward, and simple to use.

Autochartist

Autochartist is a powerful technical analysis tool that can support your MT4 trading. Autochartist’s unique pattern recognition software continuously scans the markets to highlight thousands of trade ideas each month, saving you valuable time analysing your favourite instruments. Receive alerts when the scanner identifies emerging or completed patterns on your preferred instruments and pattern types, providing real-time trading opportunities.

Education

The Broker provides educational material to everyone. Whether you are a beginner or a seasoned trader, there is much for you. Ebooks, news updates, how-to trade guidelines, and a community to interact with the traders. You can find video analyses on the website that are helpful for beginners. Besides that, some strategies like “how to trade general election” are there to aid you in doing the event trading. There are detailed mentions about the trading instruments in ebooks and how they are different. The risk and returns analysis has been updated frequently on the website.

There is a “Purple Trading Club” membership academy as well. The social platform is intended to encourage peer-to-peer trading strategies, opportunities, and ideas. All clients are welcome to join the club, which provides access to exclusive webinar meetings, information on the FTMO trading discipline, the opportunity to build relationships with like-minded investors, and the opportunity to learn from seasoned professional traders.

Conclusion

Purple Trading is an innovative online trading broker that offers forex and CFD trading using some of the best technologies available. They provide powerful trading platforms and useful trading tools.