Purple Trading Ultimate Guide

Successful trader is informed and know all facts.

Purple Trading is an innovative online broker offering industry leading trading technologies for transparent trading on instruments across multiple asset classes via flexible trading platforms. Purple Trading was launched in 2016 by experienced financial industry experts. They had the vision to bring innovation to the trading industry. Since then they have expanded their operations and continue to improve their trading services. The colour purple is used to symbolize the human face of advanced technology. They put great emphasis on client safety and trading conditions rather than focusing on elaborate marketing campaigns. Purple Trading incorporate top trade execution practices powerd by NextPointHost world-wide infrastructure, to deliver fast and reliable trading conditions for traders without any dealing desk intervention. NextPointHost fine tuned their trading servers which ensure a unsurpassed grade trading environment.

Purple Trading Regulation

Purple Trading is owned and operated by L.F. Investment Limited, a licensed Cyprus Investment Firm regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 271/15. This means that they are legally obligated to follow the rules and conditions of its CySEC license. Furthermore, Purple Trading is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 722482. The FCA is a financial regulatory body that operates independently of the UK Government and regulates the financial services industry in the UK. Its role includes protecting consumers, keeping the industry stable, and promoting healthy competition between financial service providers.

Additional Regulations in European Union

Purple Trading is authorised to provide investment services across the European Union and is therefore registered in most EU countries, including cross border service / passporting authorisations in:

• Germany – BaFin (Registration no. 145745)
• France – ACPR (Registration no. 75378)
• Italy – CONSOB (Registration no. 4246)
• Spain CNMV (Registration no. 4023)
• Denmark – FSA
• Netherlands – AFM
• Poland – KNF
• Czech Republic – CNB
• Slovakia – NBS

Security of clients' deposits

Security and protection of client deposits is one of the top priorities of Purple Trading. Client funds are held in segregated client accounts with major European banking institutions to ensure fast access to your funds at all time. This also means that client funds cannot be used for any other purposes such as business running costs. Purple Trading undergo external audits and strict internal procedures to make sure your funds always remain safe. Eligible retail clients’ deposits are insured against company bankruptcy up to the amount of €20,000 as a part of the Investors Compensation Fund (ICF).

Purple Trading server location

Most of main servers are situated in London, UK as part of NextPointHost X-connect financial ecosystem. Small amount of the backup servers are placed in Equinix Amsterdam outside of X-connect network. We know the exact location, but due to security reasons will keep it secret.  It's very important to know that location of the Purple Trading broker head office is different from the location of their trading servers. At the moment of writing this article, Purple Trading owns these MetaTrader-4 servers:

• PurpleTrading-01Demo
• PurpleTrading-01Live
• PurpleTrading-02Demo
• PurpleTrading-02Live
• PurpleTrading-03Live
• PurpleTrading-04Live
• PurpleTrading-05Live

Server ending on "Live" is used by real traders, who trade in live markets. Server ending on "Demo" is for paper trading. It is an electronic market simulator that allows investors to practice buying and selling without risking real money. As you can see on the picture without matter from server name - NextPointHost X-connect gives a strong competitive advantage over all other participants in the forex market, who have slower connections and higher latency. It will drastically improve the chances of your trades to executed by broker's servers in front of other traders who are competing for the same price.

Purple Trading Cross Connect

NextPointHost X-connect - guaranteed ultra-low latency without slippage.

A cross connect or X-connect is highly reliable, extremely low-latency communication link between two servers in the NextPointHost ecosystem. Cross connects provide a fast, convenient and affordable integration with business partners and service providers. Purple Trading’s MT4 servers utilize NextPointHost X-connect strong competitive advantage interconnecting to liquidity pool. In this way trades can be executed in milliseconds via the MetaTrader platform or custom FIX API solutions for high frequency traders (HFT) and experienced programmers. Furthermore, the execution core utilises the co-located low latency connectivity with liquidity providers (LPs) and top tier banks. NextPointHost deliver the best possible connection for Purple Trading clients with a vast liquidity pool, lowest possible connection time and minimal slippage. Members of NextPointHost X-connect ecosystem are liquidity pools located in London and New York. X-connect technology ensure filling high volume trades and minimising the slippage generated by averaging executed prices.

X-connect ensure great levels of security and stability

The multiple level of back-up systems interconnected with many redundant links in full mesh topology for price streams ensure incredible levels of stability and security of whole X-connect ecosystem. Every X-connect server is directly connected to every other server in the ecosystem. This is very expensive to implementation, but leads the greatest amount of redundancy. There are automatic control mechanisms in case one server fails, network traffic can be directed to any of the other server. In this way NextPointHost provide Direct Interbank Market Access (DMA). Traders' transactions are sent on the true interbank market for real market execution. Hedgers, scalpers and high frequency traders (HFT) definitely must be part of this ecosystem if want to squeeze the maximum profits of their strategies. X-connect ecosystem is home of sophisticated PAMM and copy trading solutions to professional traders and private asset managers.

Why TRADE with NextPointHost X-connect to Purple Trading?

We appreciate traders desire in their aim to buy or sell at profitable price. In fact market is moving unstoppable. Just because you are seeing good deal on the screen doesn't mean that you will be able to close the possition with profit. Due to physically distance of your location Purple Trading broker need time to receive, process and execute your trade. Delay in these steps can cost you a lot of money in lost if the position is closed at different price than expected. We are talking about hundreds, even thousands of dollars. In this way your winning strategy can not achieve best possible results. NextPointHost X-connect Servers are great solution of this major problem. They provide direct cross connection between the Purple Trading's servers and your forex vps server. This means you will be at the same place, the same data center where MetaTrader servers of Purple Trading are situated. You will not losing time! You'll have a strong competitive advantage before all other participants on the market. Your trades will be executed before trades of others who use standard internet connection. X-connected servers totally eliminate the slippage. They increase trading profits.

X-connect Purple Trading Important Facts

• Executing trades 10000 times faster than your 4G mobile network.
• 250 times faster than you can blink.
• Guarantee lightning-fast connectivity to Purple Trading 24/7!

HOW-TO Use NextPointHost X-connect competitive advantage?

It's simple and fast to start!

All you have to do is REGISTER. Then you'll receive your X-connect in few minutes! High-performance, dedicated connectivity with increased reliability and lowest possible latency is the gold standard for us. No further action is required on your part. This unique feature comes included by default. Trading is more accessible than ever. No matter of your current location. It’s the same MT4 platform that you’re used to, but now is available directly everywhere. NextPointHost's solid online platform provides access to your Purple Trading’s MetaTrader 4 anywhere from any kind of device. No matter do you use Windows, or Apple's devices, or Android. The platform is compatible with all vendors. Gives quick and easy access to the market. No need for additional software, downloads, and installations. Fully compatible with existing expert advisors, indicators, or already made presets. Whole existing trading can be migrated fully automatically and absolutely secured via encrypted connections. Try our X-connect and trade more easily, calm, and profitable!

Purple Trading Platforms

The trading software industry is heavily dominated by MetaQuotes Corp - the company behind MetaTrader 4. This the most popular software used by traders in the retail Forex market. MetaTrader 4 is the dominant choice for many professional traders. So we are not surprised that Purple Trading offers MT4 as main platform. In recent years, Spotware has developed 'cTrader' as a competing trading platform. Unfortunately cTrader doesn't allow the customisation of indicators and has limitations to using third party programmes. So it's option used by enthusiastic developers. The third option has name PurpleZone. This is not a real platform. It's the name of client's zone for management of Purple Trading account.

Purple Trading MetaTrader 4.

The strongest points of MetaTrader 4 are stability and customization. It is quite a powerful platform. You can really count on this platform. In addition it is fully supported by Purple Trading X-connect PRO. All benefits of X-connect ecosystem are available by default. No need to do anything. Start trading with your favourite robots, indicators and other MQL addons in the same way as you did until this moment. In order to transform you, into better traders Purple Trading offers free indicators inside client's zone.

Purple Trading cTrader.

Attractive design, intuitive interface and frequent software updates that are based on the feedback of a community of active users, that’s cTrader. However, in this case, there is far more than what meets the eye. If you look under the “well-polished hood” of this trading platform you will find it’s overflowing with all the essential tools for a variety of trading strategies. With more than 60 types of technical analysis indicators, 26 different time-frames, tick charts and an environment for developing and backtesting your own customized indicators and automatic trading programs. Add the possibility to run cTrader on Purple Trading X-connect PRO. This is the reason why its constantlly gaining popularity among the traders.

PurpleZone.

Purple Trading rolled up their sleeves and PurpleZone was born. In order to provide access clients' portfolio from anywhere. Thanks to PurpleZone you can manage your portfolio, view detailed information about your trading results, create additional trading accounts, deposit, withdraw or transfer funds between your banking accounts. All this via one app - it’s quick, it’s intuitive.

Purple Trading Account Types

Purple Trading has 3 basic account types to choose from. There are the STP trading account and the ECN trading account along with an account specifically for cryptocurrency trading. By default, the account applied after registration is the STP account. The minimum deposit required to start trading is €100 or an equivalent in another currency. Demo accounts are available to test the different trading platforms and conditions before opening a real account. Islamic swap-free accounts that comply with Sharia law may be available upon request. The default leverage is variable from 1:2 up to 1:30 depending on the instrument being traded. Those who qualify as professional clients can apply for the professional account which gives increased leverage of up to 1:400 for certain instruments and a reduction on current margin rates, allowing you to trade with more leverage, as opposed to the limitations imposed by ESMA on retail clients.

Purple Trading ECN account.

Electronic Communications Network (ECN) provides an electronic system for buyers and sellers to come together for the purpose of executing trades. It does this by providing access to information regarding orders being entered, and by facilitating the execution of these orders. The network is designed to match buy and sell orders currently present in the exchange. When specific order information is not available, it provides prices reflecting the highest bid and lowest ask listed on the open market. The ECN account is geared towards intraday and automated traders along with those who frequently use scalping strategies. This account also has direct execution at the interbank market with live interbank spreads directly from a deep pool of liquidity providers. There are no spread mark-ups on this account type, thus the spreads will tend to be tighter although there is a competitive commission charged starting from $5 per lot depending on trader status.

Purple Trading STP account.

Straight Through Processing (STP)/Direct Market Access account is created as the default Purple Trading account once you decide to join them and register. This account is more suitable for position traders who hold trades for a longer time period and want to pay only for spreads without any other fees. Executions are affected only by market volatility and by the volume sent to the interbank market execution STP works through a bridge that connects a trader’s terminal directly to a liquidity provider or an interbank. Therefore, STP account is not completely free from conflicts of interest, but provide a greater sense of security than a traditional ECN account.

Purple Trading Pro account.

In order to satisfy the needs of professional traders, Purple Trading has developed a PRO account. It'll give you leverage up to 1:400, negative balance protection, funds stored on segregated bank accounts. Maximal leverage ratio depends on your total balance of trading accounts and can be applied only to currency pairs trading. Meet additional requirements which must be negotiated directly with the broker's support team.