Purple Trading Review 2025: How to Open a Demo/Real Account?

Have you ever heard of Purple Trading? Do you want to know how to open a demo or real account with Purple Trading? Before we go into the body part of this article, let's take a quick look at Purple Trading's key features first via the table below:

	Purple Trading at a Glance
Founded	2016
Registered	Cyprus
Regulation	CySEC (Cyprus)
Security of Funds	Negative balance protection, segregated client funds, investor compensation fund (ICF)
Trading Instruments	Forex, indices, commodities, stocks, futures
Demo Account	✅
Islamic Account	❌
Account Types	STP, ECN, PRO
Account Minimum	$100
Maximum Leverage	1:30 (retail)/1:500 (professional)
EUR/USD Spread	From 0.3 pips
Trading Platforms	MT4, MT5, cTrader
Payment Methods	Visa, MasterCard
Deposit & Withdrawal Fee	❌

In general, Purple Trading looks good. It is regulated by the CySEC in Cyprus and offers many security measures to protect the clients' funds. The available trading instruments are rich and the trading fee like the EUR/USD spread is lower than the average (1.5 pips). Besides, the MetaTrader 4, MetaTrader 5, and cTrader platforms are attractive for traders who like trading on public platforms.

However, the minimum deposit amount to open a real account is $100, which is not competitive when compared with other brokers.

Purple Trading Account

Like most brokers, Purple Trading offers both demo accounts and real accounts. Risk-free demo accounts are suitable for beginners or traders who lack enough trading experience and try Purple Trading. Real accounts are better for experienced traders or traders who can take some risks.

Demo Account

Purple Trading offers free demo accounts with a minimum initial virtual deposit of 1,000 (EUR, GBP, USD, CZK, or PLN).

You can have two demo account choices, demo ECN Prime and demo STP Prime.

Both are available on MetaTrader 4, MetaTrader5, and cTrader platforms.

If you are interested in Purple trading demo account, you can learn more in the table below:

Account Types

Purple Trading also offers three real account types, ECN, STP, and PRO, with a minimum deposit requirement of $100, which is the average level among forex brokers. If you prefer to trade with lower minimum deposit amount, you consider other brokers, like HFM ($0), MultiBank Group ($50), capital.com ($/€/£10), etc.

ECN Account

The ECN account offered by Purple Trading is the standard account offered by most brokers but with a different name. You will receive an ECN account automatically once you have opened a real account.

It offers the lowest possible spreads directly from Purple Trading's liquidity providers and a modifiable commission of 5-10 USD per traded lot. These qualities are what make the ECN account a common choice in the eyes of intraday and scalping traders.

STP Account

The STP account is the account in which you do not pay for the volume of trades executed, however, this is reflected in the spreads which are slightly wider than in the ECN account. The STP account is suitable for position/swing trading.

PRO Account

The PRO account is a professional account, which is suitable for professional traders. A professional account can be set up as an ECN or STP variant for those clients who meet the legislative conditions for obtaining the status of a professional client.

Managed Account

Additionally, Purple Trading also offers a managed account, which serves as your link to the wide range of investment products that Purple Trading offers to their clients, including passive ETF portfolios, dynamic investment strategies created by professional traders, as well as their “mini” version which is more suitable for smaller investments because they can invest as little as 100 EUR.

Purple Trading Demo Account Opening (4 Steps)

According to our test, opening a demo account with Purple Trading is very simple and takes only four steps to create. The overall account opening process was very smooth and only took about 5 minutes.

Step 1: Go to Purple Trading's website and directly click the 'Demo' button at the right corner of the top of the homepage, as the following screenshot shows.

Step 2: Fill in your personal information (name and country of residence) and contact information (email address and phone number).

Tick that you have acknowledged and accepted the Privacy policy and Risk warnings and disclosures.

Then click the 'Continue' button.

Note: Before filling in the required information, if you cannot understand English well, you can first change the language at the top right corner of the page. Apart from English, Purple Trading also accepts Czech, Polish, and Italian.

Step 3: Choose trading platform (MetaTrader 4, MetaTrader 5, or cTrader), currency (CZK, EUR, PLN, USD, or GBP), demo account type (ECN Prime or STP Prime), and leverage (fixed at 1:30 for retail clients; 1:1, 1:10, 1:25, 1:50, 1:100, 1:200, 1:300, 1:400, or 1:500 for professional clients).

Set your initial virtual deposit amount (at least 1,000) and password.

Then click the 'Create demo account' button.

Step 4: Now your demo account number is ready! You can download your trading platform on different devices.

Here, based on the trading platform that we chose in the previous step is the MetaTrader 5, so we can download the MetaTrader 5 on Windows, Mac, iOS, and Android, or use the web version.

Check your mailbox to get detailed information.

Purple Trading Real Account Opening (5 Steps)

Before opening a Purple Trading real account, please ensure that Purple Trading is available in your country.

From the stealthy text at the bottom of the homepage, we see that Purple Trading does not accept clients from outside the European Economic Area and from Belgium, Switzerland and the USA.

If you are not from the above regions, you can continue to follow us and learn about how to sign up for a Purple Trading real account.

Step 1: Visit Purple Trading's website

Directly click the 'Open account' button.

Step 2: Fill in basic personal information

Choose the language based on your needs, English, Czech, Polish, or Italian.

Review and tick the Agreements & Conditions and Privacy Policy.

Fill in the contact information, including your name, email address, country of residence, and phone number.

Then click the 'Move onto the next step' button.

Step 3: Fill in account details

Choose the currency that you want to trade in your Purple Trading account, EUR, GBP, USD, CZK, or PLN.

Tick that you meet all legal requirements.

Fill in your Tax Identification Number.

Answer two yes-or-no questions: 'Are you politically exposed?' and 'Are you a U.S. Person according to the FATCA?'

Then click the 'Continue to Investment Questionnaire' button.

Step 4: Complete the investment questionnaire

In this step, you need to answer many very detailed questions about your trading knowledge and experience.

Then click the 'Evaluate Investment Questionnaire' button.

After completing the investment questionnaire, Purple Trading will give you some suggestions based on your answers.

Here, the advice we got was to open a Purple Trading demo account first instead of opening a real trading account directly.

Step 5: Identity verification

This is the last step. However, due to the advice we got in the last step, we cannot open a real account currently, so we do not need to verify the identity.

Is Purple Trading Safe and Legit?

Currently, Purple Trading holds the only regulatory license from the Cyprus Securities and Exchange Commission (CySEC) with license no. 271/15. You can verify Purple Trading's regulatory status and explore more details on WikiFX.

Regulated Country	Regulated by	Regulated Entity	License Type	License No.
	CySEC	L.F. Investment Limited	Straight Through Processing (STP)	271/15

In addition, Purple Trading offers negative balance protection, which can ensure that the trader's maximum loss at Purple Trading does not exceed the total capital in the trading account. It is required of all brokers as per ESMA & CySEC guidelines and as such is provided without exception on all leveraged products.

Compliant with legislative acts of the EU and the strict regulations of the Republic of Cyprus, Purple Trading also segregates its clients funds. Therefore, in the unlikely event of Purple Trading (L.F. Investment Ltd.) being subjected to financial liability, your funds will stay safe and will not be affected in any way.

Purple Trading retail clients are also protected by the Investor Compensation Fund (ICF) -a regulatory requirement under the Provision of Investment Services, the Exercise of Investment Activities, the Operation of Regulated Markets and Other Related Matters Law 144(I)/2007 - for up to EUR 20,000 of their funds by the Cypriot law against bankruptcy.

You can refer to https://www.purple-trading.com/safety-of-clients-funds/ to know further.

Purple Trading vs Other Cyprus Brokers

Logo
Broker	Purple Trading	HFM	MultiBank Group	capital.com
Regulation	CySEC	CySEC, FCA, DFSA, FSA (Offshore)	ASIC, CySEC, SCA, MAS	ASIC, CySEC, FCA, NBRB
Product Offering	Forex, indices, commodities, stocks, futures	CFDs on forex, metals, energies, stocks, indices, bonds, commodities, ETFs, cryptocurrencies	Forex, metals, shares, indices, commodities, cryptocurrencies	3,000+ CFDs, shares, forex, indices, commodities, cryptocurrencies, ESG
Demo Account	✅	✅	✅	✅
Account Minimum	$100	$0	$50	$/€/£10
Maximum Leverage	1:30 (retail)/1:500 (professional)	1:2000	1:500	1:300 (professional)
Trading Platform	MT4, MT5, cTrader	MT4, MT5, HFM Trading App	MT4, MT5, Web Trader, MultiBank-Plus	Mobile Apps, Desktop, TradingView, MT4
Copy/Social Trading	❌	✅	✅	❌
Promotion	❌	✅	✅	❌
Best for	Experienced traders	Beginners	Beginners	Beginners

Write at the End

We hope this guide serves as a valuable resource for your trading journey, and we wish you success on the Purple Trading platform! If you want to know more about Purple Trading, you can directly visit their website: https://www.purple-trading.com/faq/ to find the FAQ page, as the screenshot below shows.

You can quickly retrieve the information you want to know through the navigation bar on the left of the page, or you can write down your question directly in the text box and then search. Of course, you can also contact Purple Trading's customer service directly by clicking on the 'Live Chat' icon at the bottom right to learn more.

FAQs

Is my money safe with Purple Trading?

Yes. Purple is regulated by CySEC and offers multiple security measures, such as Negative balance protection, segregated client funds, and investor compensation fund (ICF). For details, please refer to the 'Is Purple Trading Safe and Legit' section.

What is the minimum deposit for Purple Trading?

$100. You can deposit in EUR, GBP, USD, CZK, or PLN.

How do I open a Purple Trading demo account?

Opening a Purple Trading demo account is very easy. You can find detailed information in the 'Purple Trading Demo Account Opening (4 Steps)' section.

Can I withdraw money from a Purple Trading demo account?

No. You cannot withdraw money from any demo accounts, because all money in your demo account is virtual, not real money.