PURPLETRADING has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. PURPLETRADING said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Real-time alerts|Market news feed|Economic calendar
Cons: Limited demo account features|Onboarding videos are outdated
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that PURPLETRADING has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Unauthorized firm|Found in IOSCO warnings database
After doing some research AFTER the fact (I know, I should have done this first), I discovered that PURPLETRADING is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
The spread at PURPLETRADING is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after reading several online reviews and initially thought the platform was good - until I started trading seriously.
Pros: Tax reports included|Customizable dashboard
Cons: Minimum deposit could be lower|None so far
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Flagged by international regulators|Due diligence required
I trusted PURPLETRADING with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Easy withdrawals|Fast execution|API access|Intuitive for beginners
Cons: No integrated tax optimization|Spreads widen during volatile periods
PURPLETRADING had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Transparent fees|Portfolio tracking tools
Cons: Research section could be deeper
The platform itself is okay, but the customer service at PURPLETRADING is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: No hidden fees|Dividend tracking|Competitive fees|Fast execution
Cons: No phone support on weekends|Wait times can be long during peak hours
I was contacted by PURPLETRADING through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Professional looking website
Cons: Lost entire investment|Reported to authorities|Unresponsive