Purple Trading Review gives you a clear, fact-checked snapshot of broker safety, fees, and execution quality so you can trade more confidently—learn why it matters.
Purple Trading sits in an unusual spot in today’s crowded forex market. The brand serves two very different audiences through two corporate entities. In Europe, Purple Trading is the trading name of L.F. Investment Limited, a Cyprus Investment Firm based in Limassol and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 271/15.
Outside Europe, the Purple Trading Seychelles site is operated by AXSE Brokerage Ltd, licensed as a securities dealer by the Seychelles Financial Services Authority under license SD041.
For casual traders, this split matters. The Cypriot firm offers lower leverage but stronger statutory safeguards under EU rules. The Seychelles arm offers higher leverage and a wider global reach, but under a lighter offshore framework. Both speak to “true STP” execution and fast fills at the Equinix LD4 data center in London, with the broker stating that more than 80% of trades execute at the requested or a better price.
After reviewing regulation, execution data, client feedback, and our own test interactions, Purple Trading earns a Silver Standard rating on our scale. Under our methodology, regulation carries the most weight, followed by execution quality, client feedback, and a smaller allocation for staff insight. This broker clears the most important safety hurdles, but its recent CySEC settlement and mixed fee competitiveness keep it below our Gold band.
This review explains why, in plain language, so that new and casual traders can judge whether Purple Trading fits their needs.
Regulation & Safety
Corporate Structure and Regulators
Purple Trading is not a single company. It is a trading name used by two core entities:
L.F. Investment Limited (EU)
- Jurisdiction: Cyprus
- Regulator: CySEC (Tier 1)
- License: 271/15
- Address: 11 Louki Akrita, CY-4044 Limassol, Cyprus
AXSE Brokerage Ltd (International)
- Jurisdiction: Seychelles
- Regulator: Seychelles Financial Services Authority (FSA/SFSA, Tier 3)
- License: SD041
- Registered address: Global Village, Jivan’s Complex, Mont Fleuri, Mahé, Seychelles
In Europe, Purple Trading also works through Purple Trading s.r.o. in the Czech Republic as a tied agent entered in the Czech National Bank’s register. The Cyprus entity states that it only accepts clients from the European Economic Area and excludes several countries, including Belgium, Switzerland and the U.S., in line with its licence terms.
Tier Classification
Using our regulator tiers:
CySEC (Cyprus) – Treated as Tier 1
- It is an EU securities regulator operating under ESMA’s product rules.
- It licenses investment firms, imposes leverage caps, requires segregated client money, and enforces negative balance protection for retail clients.
Seychelles FSA – Treated as Tier 3
- It licenses securities dealers but runs a light-touch offshore regime with higher leverage and fewer retail product controls.
For safety, the Tier 1 CySEC authorization is a strong anchor. However, the presence of a Tier 3 offshore arm, which often serves high-leverage and prop-related flows, introduces more complexity and risk for non-EU clients.
Client Protections
On the EU (Cyprus) side, protections are relatively robust:
- Segregated client funds in European banks, as stated by the firm and echoed by independent reviewers.
- Investor Compensation Fund membership, which can cover eligible retail clients up to €20,000 if the firm fails.
- Leverage limits for retail clients, typically up to 1:30 on major forex pairs under ESMA rules.
- Negative balance protection, which caps losses at the account balance.
- Margin close-out rules and detailed order-execution policies that describe slippage, re-quotes, and best-execution factors.
These safeguards mean that EU retail clients benefit from a defined safety net. They can still lose all their trading capital, but not more than that. The broker’s own disclosure notes that about 63.87% of retail CFD clients lose money, which is in line with many EU peers.
On the Seychelles side, protections are more policy-driven than rule-driven:
- AXSE Brokerage says it keeps client money in segregated accounts with reputable banks and offers negative balance protection.
- Leverage can reach 1:500 on forex pairs, with margin call at 50% and stop-out at 20%, which significantly increases both opportunity and risk.
- The FSA framework is recognized as structured but light-touch; traders should not assume the same enforcement strength as in EU on-shore markets.
For everyday traders, the takeaway is simple:
- If you value maximum regulatory protection, the Cyprus entity is the safer choice.
- If you seek high leverage and looser constraints, the Seychelles entity offers that, but under weaker structural safeguards.
Recent Regulatory Action
In June 2025, CySEC reached a €150,000 settlement with L.F. Investment Ltd for “possible violations” between July 2021 and October 2023. Issues covered potential conflicts of interest, client communications, the use of tied agents, and compliance with ESMA-style CFD marketing restrictions.
The company paid the settlement and stated that it viewed the matter as a historical review and had strengthened its procedures. For investors, the fine shows both sides of the regulatory story: real oversight that can enhance trust, but also evidence that the broker’s controls needed tightening.
Trader Reputation & Market Presence
Purple Trading has a modest but visible footprint in the online trading community.
On ForexPeaceArmy, the Cyprus-based broker holds a rating of about 3.39/5 from nine reviews, updated in late 2025. Traders praise fast, STP-style execution, helpful support, and stable platforms, but some complain about wide spreads on certain instruments and disputes over copy-trading features.
On Trustpilot, the EU site scores around 3.5/5, while the Seychelles site has a similar mid-range score from a very small sample. Reviews there echo a familiar split:
Positives:
- Smooth account opening and funding.
- Stable MT4, MT5 and cTrader platforms.
- Good education content and local-language support for Central European clients.
Negatives:
- Complaints about wider-than-expected spreads, especially on gold.
- Frustration with copy-trading performance and perceived lack of responsiveness in some disputes.
Independent review sites also highlight this tension. Several note that while Purple Trading advertises “competitive” costs and raw pricing, real-world spreads and commissions often sit above the cheapest ECN peers, especially on the Standard (STP) account.
On the other hand, execution quality receives consistent praise. Purple Trading promotes a no-dealing-desk STP model, with orders routed to liquidity providers and filled from interbank pricing. Marketing materials and third-party reviews both refer to more than 80% of trades being filled at the requested or a better price, supported by low-latency infrastructure at London’s LD4 center.
Purple Trading also has a growing prop-firm and funded-account presence. The Seychelles entity provides brokerage services to brands such as Fintokei and some newer firms, which funnel high-frequency traders and algorithmic strategies onto its RAW accounts. That relationship supports volumes and spreads, but it also concentrates risk in more aggressive trading styles.
Overall, Purple Trading’s reputation is mixed-to-positive:
- Long-time clients and many professional users highlight execution quality.
- Some retail clients feel that fees and spreads do not fully match the marketing pitch.
- The CySEC fine adds a cautionary note but does not point to a systemic failure.
Strengths & Weaknesses
Because many readers want a quick view, we summarize Purple Trading’s main strengths and weaknesses below.
Key Strengths
Solid EU licence (CySEC, Tier 1)
- Clear client-money rules, leverage caps, and negative balance protection under EU law.
Transparent execution model
- STP / ECN setup with LD4 servers and published order-execution policies.
- The broker and several independent sources report over 80% of orders filled at the requested or better price, which aligns with client feedback on speed.
Platform choice
- MT4, MT5 and cTrader across desktop, web, and mobile.
- Direct integration with TradingView for some clients, which will appeal to chart-driven traders.
Order-type flexibility
- Scalping, algorithmic trading, and hedging allowed on most account types for both EU and Seychelles clients.
Product range
- More than 60 forex pairs, plus precious metals, major indices, some stock CFDs, ETFs, and a handful of crypto CFDs.
Key Weaknesses
Fee competitiveness
- Standard/STP account: spreads from about 1.3 pips on EUR/USD, with no commission, which many reviewers judge higher than top-tier peers.
- ECN or RAW accounts: headline spreads from 0.0–0.3 pips, but commissions of $5–$10 per round-turn lot often bring total cost back to roughly 0.9–1.3 pips.
Offshore branch risk
- The Seychelles entity operates under a lighter regime with 1:500 leverage and looser product controls. That structure can attract aggressive trading but leaves retail clients with fewer enforceable protections if something goes wrong.
Regulatory history
- The €150,000 CySEC settlement over conflicts of interest and CFD marketing practices shows that controls needed improvement, even if the firm positions it as a historical issue now addressed.
Mixed service feedback
- Most service interactions appear smooth, yet a minority of clients report slow responses when disputes arise, especially around spread changes and copy-trading strategies.
In short, Purple Trading’s strengths lie in its regulation, execution environment and platform stack. Its weaknesses center on costs, the offshore profile of the international entity, and a recent regulatory fine.
Overall Verdict
Taking all evidence into account, Purple Trading earns our Silver Standard rating. Under our methodology—where regulation contributes 35% of the score, execution quality 30%, client feedback and open data 25%, and staff insight 10%—the broker lands comfortably in the 60–79-point band.
The EU-regulated arm, L.F. Investment Limited, suits:
- Risk-aware retail traders in the EEA who want a regulated broker with clear safeguards.
- Systematic and intraday traders who value STP execution and cTrader or MT4/MT5 support more than rock-bottom spreads.
The Seychelles entity appeals more to:
- Experienced traders and funded-account users who understand offshore risk and actively seek 1:500 leverage, RAW spreads, and flexible execution.
- Prop traders and high-frequency strategies routed through partner firms.
Purple Trading does not match the very cheapest brokers on price, and the recent CySEC settlement is a reminder that even regulated firms must keep tightening controls. At the same time, it offers a credible, well-supervised EU option plus a high-octane offshore venue, both built on a consistent execution stack.
For beginners, the safest path is simple: treat the CySEC-regulated arm as the default, learn with low leverage, and regard the offshore branch as suitable only once you fully understand the extra risks.
Expert Review Notes (Staff Insight)
Our research team’s professional observations, which account for up to 10% of the overall score, add nuance to the picture:
Onboarding and KYC
Account opening on the EU site felt structured and transparent, with standard identity checks and clear disclosures of risk and complaint processes.
Clarity of risk messaging
Risk warnings on CFDs and loss rates appear prominently across both sites, which aligns with regulatory expectations. However, some front-page marketing phrases such as “elite broker,” “no bullshit,” or “exclusivity is a privilege” come from the broker’s own promotional material and should be read as marketing, not as independent assessment.
Execution vs. marketing
The STP / no-dealing-desk narrative is consistent across legal documents, trading statistics, and most client reviews, which supports the claim of an agency-style model.
Still, the CySEC settlement around conflicts of interest means we treat all such claims with healthy caution and give more weight to audited policies and actual slippage data than to slogans.
Service culture
Education and local-language outreach, especially in Central Europe, stand out as a positive.
At the same time, the deletion or downgrading of at least one in-office staff review on ForexPeaceArmy shows why we discount overly enthusiastic testimonials and place heavier weight on independent or long-running client feedback.
Overall, staff impressions support a “serious but still evolving” label: a broker that takes regulation and infrastructure seriously, but which must keep proving that its marketing and conduct stay aligned, especially after its recent regulatory settlement.
