✔️ Information reviewed and updated in October 2024 by Pedro Martínez González
In this section we will tell you if we consider that the Purple Trading company is a safe company or an unreliable company. Read our full analysis to get all the information!
We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...
Below we will show you essential information about Purple Trading and we will tell you why we came to such a conclusion:
Basic Information
| 🌐 Website | purple-trading.com – purple-trading.sc |
| 🏠Company * | LF Investment Limited – AXSE Brokerage Ltd. |
| ️ Regulatory | Falsely mentions being regulated in FCA and CySEC, actually regulated in SFSA |
| purple-trading.com | |
| 📈Platform | Own platform |
| 📌Address | Falsely mentions being located in Cyprus. Its real location is Seychelles |
| 🕑 Website age | Website registered on: September 20, 2019 (very recent) |
| ❓ Company type | Forex, indices, raw materials, stocks and futures broker |
Company:
🚨 Purple Trading is registered under the ownership of LF Investment Limited and AXSE Brokerage Ltd.. We get the impression that you are making an attempt to pass yourself off as part of this company.
Location:
⚠️ The company mentions being located in Cyprus, but we believe this is false information. Its true location is Seychelles, a dangerous place.
We can already tell you that we are concerned about several characteristics of this company.
What is Purple Trading?
After a thorough evaluation of the company's website, we concluded that Purple Trading works as a forex, indices, commodities, stocks and futures broker.
Account types
Here are the different types of Purple Trading accounts/plans:
| types of accounts | MINIMUM INITIAL DEPOSIT |
|---|---|
| Standard | $500 |
| RAW | $500 |
Information on the web
Here we show you a screenshot of the Purple Trading website, which is purple-trading.com. The capture was made in May '2024.
Contact: phone numbers and email
After carrying out a detailed analysis of the website:
📧 We have found the following email: purple-trading.com.
📞 We have found the following phone number: +420228884711 – +420 228 881 245 – +357 25 030 444 – + (248) 4322050 – + (248) 4322050
Purple Trading Regulation
We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:
❌ The truth is that here we find truly ALARMING information. This company mentions being regulated in UK and Cyprus but it does not provide us with enough information to verify that this regulation is real. This makes us believe that the company is trying to deceive us about its regulation. Please be very careful with these types of companies! When analyzing the other website we noticed that it is really regulated in a dangerous place such as Seychelles.
🚫 Final Purple Trading Rating 🚫
As you can see, we have carried out a detailed and complete analysis of the most important characteristics of Purple Trading and we have reached the following conclusions about this company:
Location: Claims to be based in a safe location like Cyprus, although there is skepticism about the authenticity of this information, suggesting a possible attempt to deceive customers.
Regulatory: The company mentions being regulated in a country that we consider safe, such as UK and Cyprus, but we believe that this information is false. We are talking about a company that tries to deceive us about its regulation. The company is actually regulated in an unsafe place such as the Seychelles Financial Services Authority (SFSA).
This company falsely mentions being part of two entities that we do not know if they are real or pretend to be one that is real, such as LF Investment Limited – AXSE Brokerage Ltd., please be careful, there is a clear lack of seriousness and transparency.
Purple Trading operates as a forex, indices, commodities, stocks and futures broker. However, the lack of transparency and seriousness raises serious concerns for potential investors. The company claims to be based in Cyprus, but there is skepticism about the authenticity of this information, suggesting a possible attempt to deceive customers.
As to its regulation, the company mentions being regulated in UK and Cyprus, countries considered safe. However, we believe that this information is false. The company is actually regulated by the Seychelles Financial Services Authority (SFSA), a less than safe place in terms of financial regulation. This discrepancy raises questions about the integrity and honesty of Purple Trading.
Furthermore, the company claims to be part of two entities, LF Investment Limited y AXSE Brokerage Ltd., whose authenticity has not been verified. This lack of seriousness and transparency suggests that the company could be trying to mislead customers. It is recommended extreme caution and proceed with caution when considering any interaction with this company.
🚨🚨 We conclude that, based on the reasons mentioned, this company does not inspire confidence or security. We urge you to take precautions before getting involved with an entity with this profile. 🚨🚨
Updates
➡️ At the moment there are no updates
User Reviews
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with Purple Trading.
At the end of the review you will find customer comments.
How to Claim Money Scammed by Purple Trading
If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.
How to Report Purple Trading
If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.
Frequently Asked Questions
Are there (recommended) alternatives to Purple Trading?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
How can I report Purple Trading?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is Purple Trading Trustworthy?
No. Purple Trading is not trustworthy, it is a very unsafe company- Falsely mentions being located in the United Kingdom and Cyprus when actually Seychelles is its real location. It pretends to be regulated by safe regulators but in reality it is regulated in Seychelles, a dangerous place for investors.
How to get money back from Purple Trading?
If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.
