Trading Accounts & Loyalty Program
Account types
We offer 3 basic types of accounts: STP trading account and ECN trading account and a special account for trading cryptocurrencies. After the registration, your first account will be automatically set as the STP one. If you start trading, it’s enough to deposit only a minimum amount of €100 or an equivalent in another currency. Even such low deposit will allow any hesitating trader to try out our interbank spread, liquidity, quality of execution of trading orders, possibility to deposit or withdraw, trading environment and our customer care.
STP / Direct Market Access Account
This account is suitable for position traders and for those who usually hold trades for a longer time. It’s also suitable for the ones who prefer to pay only for the spread and no other fees. Spread shows how much the trader pays and the following execution is then affected only by market volatility and by the volume, sent to the interbank market execution.
ECN Account
This type of trading account is suitable mainly for intraday and algorithmic traders as well as for any forex scalping strategy. ECN type of account has a direct execution at interbank market, like STP / Direct Market Access, offering live interbank spreads directly from our liquidity providers, free of any markup. When opening or closing any trade, trader pays commission.
Crypto Account
Special type of account, dedicated only to cryptocurrency trading. You can set up the account easily in PurpleZone. The account offers a low spread directly from the liquidity provider and a commission of 0.15%. More information can be found here.
Loyalty Program
| Want to Start with Us? | Already Trading with Us? |
|---|---|
| Open a real account, meet one of the three requirements, and improve your status to gain more advantages and professional tools. It can’t be easier! | You’ll automatically gain the status corresponding to your trading history. It’s enough to meet one of the three requirements and improve your status more to gain further advantages and tools. |
Advantages and professional tools
Trader Status
(evaluated on MT4 accounts)
| Trader Status | Starter | Standard | Prime | VIP |
|---|---|---|---|---|
| Account type | STP / ECN / Crypto | |||
| Classification | Retail / PRO clients (1:400) | |||
| Negative balance protection | Offered to both retail and professional clients | |||
| Leverage | Retail 1:2 - 1:30 | |||
| Professional up to 1:400 | ||||
| Spreads and Commissions With the STP account, you have an average spread of 1.5 pip in case of Starter or Standard status at the EUR/USD pair, however in case of Prime status it’s 1.3 pip and in case of VIP it’s only 1 pip. For the ECN accounts, commissions are changing. In case of first two statuses, they are equal to $10 a lot, but in case of Prime status only $8 a lot, while in case of VIP only $5 per lot. More information | STP: EURUSD 1.5 pip ECN: Commission of $10/LOT | STP: EURUSD 1.5 pip ECN: Commission of $10/LOT | STP: EURUSD 1.3 pip ECN: Commission of $8/LOT | STP: EURUSD 1.0 pip ECN: Commission of $5/LOT |
| Meet one of the requirements and improve your status | Balance from €100 to €1,000 | Balance from €1,000 to €20,000 | Balance from €20,000 to €60,000 | Balance above €60,000 |
| Net deposit from €100 to €1,000 | Net deposit from €1,000 to €20,000 | Net deposit from €20,000 to €60,000 | Net deposit above €60,000 | |
| > 6 months active trader Active trading means at least one open trade month. | > 12 months active trader Active trading means at least one open trade month. | > 24 months active trader Active trading means at least one open trade month. | ||
Basic features
| Trader Status | Starter | Standard | Prime | VIP |
|---|---|---|---|---|
| Pure DMA / STP liquidity Our trading servers are directly connected to the liquidity basket within the Equinix LD4 centre for the execution of trading orders in London. Thanks to that we execute all trading transactions with incredible speed within milliseconds. More information |  | | | |
| Fast execution and positive slippage Direct connection of our servers with our liquidity basket secures us 57% of executions within 75 – 79 ms and 15.63% of positive slippage. More information | | | | |
| No trading limits For the purpose of setting up your account, it’s necessary to deposit only €100 or its equivalent in another currency. All types of trading are supported, unlimited amount of trading orders allowed. | | | | |
| Low deposit and withdrawal fees Overview of all deposit and withdrawal fees may be found here. All Neteller and Skrill deposits are free until the end of September 2019. More information | | | | |
Indicators
| Trader Status | Starter | Standard | Prime | VIP |
|---|---|---|---|---|
| Purple Strike Indicator Purple Strike indicator helps with market trends prediction. Based on analysis of a large number of historical data, we have created a mathematical model that is able to detect market movements. Thus, it’ll determine any starting trend with high probability. More information | | | | |
| Purple Bands Indicator Purple Bands indicator will allow very precise detection of potentially interesting trading opportunities in financial market. This indicator is often able to determine the situation, when the market price is already overbought and it will likely begin to drop, or conversely, when the market price is undervalued and it’ll start to rise soon. More information | | | | |
| Purple Extreme Indicator This indicator looks for extreme situations on the market. Such extreme situations mean either a strongly oversold market, where the price has potentially reached its peak, or a strongly overbought market, where the price has potentially reached its bottom. More information | | | | |
Trading Tools and Market Analysis
| Trader Status | Starter | Standard | Prime | VIP |
|---|---|---|---|---|
| Market analysis sent via email (coming soon) Those interested in this service will receive market analysis from Autochartist 3x a day (always ahead of any trading session) to their email. These emails contain the most interesting price formations and movements occurring in the market over the last hours. | | | | |
| Extra Trading Tools for MT4 (coming soon) Mini-terminal for an easier entering of basic and smart trading orders, comprehensive risk management calculator (including the dividend calculator and the “drag and drop” functionality), market news and calendar streamed directly into the platform, etc. | | | | |
| Technical analysis and trade signals in MT4 (coming soon) Market Scanner from Autochartist will monitor the development of instruments, selected by you, 24 hours a day and will notify you in case of forming interesting formations or price levels at respective charts automatically. | | | | |
| Free VPS server located in Equinix next to our MT server Are you an algo-trader with the VIP status having also an ATS (automatic trading system) you need a VPS (virtual server) for? We will provide it to you for 3 months for free. However, the ATS must really run on this server, after which we can individually prolong the VPS for you. VPS serves for launching and a non-stop operation of your ATS and it will be located close to our MT server at the London Equinix data-centre to achieve the lowest latency possible. Besides this, the VPS may keep your account and positions protected from the dropdowns 24/5. | | |||
| Individual algo strategy / EA coding We will program AOS for the MT4 platform to VIP clients with Balance over 20,000 EUR. Programming will be free of charge while everything depends on an individual agreement. However, you should have a clear imagination about your strategy, so it is possible to provide it to the programmer. | |
Personal Development and Education
| Trader Status | Starter | Standard | Prime | VIP |
|---|---|---|---|---|
| fxSimulator Years of experience in the forex market in just a few days and for free. Go back in time and test your trading strategies on historical data as it were happening right now. Then fast forward in time and see your trades' development after a week or a month. You can use the app on weekends, too. | | | | |
| Mentor Application The Mentor application monitors activity and discipline in real time. If you breach the rules, preset by you, you’ll get a notification. Thus, the application is helping the traders to control the risk effectively, keep their emotions under control, improve their self-confidence and, in particular, to establish the right trading behaviour. | | | | |
| Individual trading analysis Statistical analysis of trading will help you find and highlight the strengths or hold back the weaknesses of your strategies. After its connection with the Mentor application, it’ll allow you to compare the results per any period with Mentor or without it. You’ll see the relationship between discipline and results immediately. In an ideal case, you’ll adopt successful behaviour and habits by using these tools. | | | | |
| Personal trading analysis done by a professional trader Thanks to this service, we will analyse your trading once per year for free. The analysis will be performed by a professional trader from the FTMO.com project. Besides statistical data, this evaluation will contain also comments, assessment of impacts on trading results and personal recommendations. | |
Loyalty rewards and discounts
| Trader Status | Starter | Standard | Prime | VIP |
|---|---|---|---|---|
| Algo traders StrategyQuant discount (-40%) StrategyQuant is a program for an easy formation of AOS (automatic trading systems) that may be handled even by newbies. Its lifelong licence costs $1,500.00, but if you’re going to operate automatic systems only at the Purple Trading servers, you may get it for $900. | | | | |
| Dedicated Account Manager As a Prime and VIP client, you have your own personal Account Manager available for a call at any time. Of course you may turn to our client support team at any time as well. | | | ||
| Free deposits and withdrawals For Prime and VIP clients, we cover fees for all deposits credited to trading accounts, as well as withdrawals from them via bank wire transfer, credit card or via Skrill and Neteller e-wallets. | | |