Who owns Purple Trading?
Purple Trading is a trade mark (no. 85981) owned and operated by L.F. Investment Limited, a licensed Cyprus Investment Firm regulated by the CySEC lic.
James Sutton - Owner - Purple Trading | LinkedIn.
Is Purple Trading a licensed broker? Purple Trading is a trademark owned and managed by company L.F. Investment Limited, which is a licensed brokerage house, regulated by CySEC.
Purple Trading is a broker licensed and regulated by the CySec. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that Purple Trading is not a scam, read our trader reviews and check other popular trading related websites and forums.
Purple Trading is headquartered in Masarykova 409/26, Czech Republic, and has 1 office location.
We are a regulated STP broker, we only offer trading accounts with variable spreads and all our real account clients' trades are sent directly to the interbank market. Clients of the company can trade actively by themselves, or connect their account to a selected trading strategy.
Purple's main asset is its Easy Portfolio, which includes the trading platforms EasyEquities, EasyProperties, and EasyAssetMgmt.
Eightcap versus Purple Trading Verdict
While it has the infrastructure for all traders, its expensive pricing environment makes it an uncompetitive choice for demanding high-volume trading strategies. Eightcap is a superior choice, except for passive investments, algorithmic traders, and scalpers.
The MetaQuotes move indicates that the company is very cautious when it comes to offering services using its platform to US clients. The two MetaTrader apps were banned on Apple's App Store in 2022 for their alleged use by fraudsters targeting the US citizens and residents.
- Interactive Brokers - Best Overall.
- E*TRADE - Best for Casual Traders.
- Fidelity - Best App for Investors and Beginners.
- Charles Schwab - Best for Traders.
- Merrill Edge - Best App for Stock Research.
Is Purple a good investment?
Purple Innovation has 71.72% upside potential, based on the analysts' average price target. Purple Innovation has a conensus rating of Moderate Buy which is based on 3 buy ratings, 3 hold ratings and 0 sell ratings. The average price target for Purple Innovation is $2.55.
- Best overall: Charles Schwab.
- Best for active traders: TD Ameritrade thinkorswim trading platform.
- Best for beginners: SoFi Invest.
- Best for no commission fees: Vanguard.
- Best for long-term investing: Fidelity.
- Best for expert traders: Interactive Brokers.
In September 2022, a ban on the MT4 and MT5 apps in Apple's App Store, which affected all markets, made headlines. Though the reasons for the decision were unclear, there was speculation that it was related to trading scams published in the iOS app store, impersonating popular trading platforms.
You can trade cryptocurrencies during the 5 working days without any limitations. For example, from Monday 0:00 to Friday 23:30 (server time). Each and every open position is closed automatically by Friday 23:30 (MT4 and cTrader server time).
The reason is alleged non-compliance with guidelines by the developers of the MetaTrader 4 mobile apps. Currently there is no way to install MT4 app on devices running Apple's iOS.
It is ILLEGAL for any binary options broker to operate here in the States unless it submits to regulatory oversight by the US Commodity and Futures Trading Commission. A so-called brokerage that is not regulated by the CFTC cannot lawfully trade here, and you can't lawfully trade here with them either.
("Schwab"), a dually registered investment advisor and broker dealer. Portfolio management services are provided by Charles Schwab Investment Management, Inc.
This is the most significant risk that unregulated brokers possess because they are not required to hold client funds in separate bank accounts from their operations. Unregulated brokers could not return client money anytime, even if it is outright fraud, and customers would have almost no legal recourse.
Purple Group enjoyed a great run while part of the in-crowd, but its share price collapsed after it no longer enjoyed the attention of retail investors. “As an investor, you must be very careful of these fashionable stocks. Always stick to fundamentals, like earnings and management,” he said.
| Members of the board | Title | Age |
|---|---|---|
| Mark Barnes FOU | Founder | 68 |
| Bonang Mohale BRD | Director/Board Member | 62 |
| Happy Ntshingila CHM | Chairman | 63 |
| Craig Carter BRD | Director/Board Member | 64 |
Who started Purple Group?
The company was founded by Mark Angus Barnes on July 15, 1998 and is headquartered in Johannesburg, South Africa.
- Interactive Brokers.
- E*TRADE.
- Fidelity.
- Webull.
- Robinhood.
- TradeStation.
No, you can't open an account at Eightcap if you live in the United States! As a global broker, Eightcap accepts clients from almost every country.
App versions of the popular PC electronic trading platforms are provided by MetaQuotes Software Corp., a Russian software company that also has registration offshore in Limassol, Cyprus.
MetaQuotes Software is a Russian software company specializing in the development of software for foreign exchange trading.
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