This type of forex account suits traders wanting to pay only a spread without any further commission. They see a real-time spread which they have to pay and then the execution depends on volatility of traded market and volume of trade which will be executed at interbank market. The STP / DMA accounts are prepared for position and other traders who hold trades at least in a matter of minutes.
The ECN accounts have the same execution as STP / Direct Market Access accounts – direct interbank market execution. ECN accounts offer live interbank market spreads right from our liquidity providers without any mark-ups and traders pay a commission as soon as they open and close a trade. This type of forex account is tailored especially for intraday traders, algorithmic traders and forex scalping strategies.
Special trading accounts Starter STP and Starter ECN are designed for traders who are considering opening a real trading account, but would like to test out our interbank ECN spreads, liquidity, quality of execution, deposit and withdrawal options and the overall environment of Purple Trading with a low deposit first.
Only 100 EUR / USD / GBP is needed for opening the Starter STP or Starter ECN account. Maximum volume of a single trade is limited to 0.01 lot and forex or precious metals can be traded. Only the minimum volume according to the specific symbol is allowed for CFD trading. There are no limits on cryptocurrencies trading. Once your deposits or balance reaches 1000 EUR / USD / GBP, the account will be automatically upgraded to a standard ECN or STP account without any trade size limits.
For the ECN starter account type, the commission is charged 0.05 USD / order.**
New ESMA intervention measures set the maximum leverage for all Retail traders to the ratio of 1:30.. According to the ESMA amendment, these limitations are not going to apply to the clients having their status of a “professional client,” thus having the m option to choose whether they want to trade with a leverage of up to 1:400. Would you like to find out more as to whether you meet the criteria to trade as a professional client? Professional client status criteria:
1) the client has carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous four quarters
2) the size of the client’s financial instrument portfolio, defined as including cash deposits and financial instruments exceeds €500,000 (or equivalent in other currency)
3) the client works or has worked in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services envisaged
This account defines new standards in forex industry for high-volume traders (without deposit requirements) or clients with deposits above 20,000 USD. VIP accounts combine the utmost qualities of ECN account access and individual approach with empathy. VIP accounts include individual pricing, professional trading technologies tailored to the most challenging needs, custom EA development and more benefits that will give you an advantage ahead of other traders.
Are you a profitable forex trader and would you like to make some extra income by copying your trades to other investors? We have the most sophisticated solution in the market for you. Including the regulated framework, two different PAMM modules, own server-to-server copy system, complete administration work for you, individual trading conditions and even more features.
|Minimum deposit||1,000 USD or 1,000 EUR or 1,000 GBP, or 25,000 CZK||1,000 USD or 1,000 EUR or 1,000 GBP, or 25,000 CZK||20,000 USD or equivalent in other currency or at least 500 lots traded per calendar month||Individual|
|Orders execution||interbank market|
|Fair positive slippage||✓|
|Negative balance protection||✓|
|Spreads from||0,9||0,1||0,1||Depending on account|
|Commission||NO||1st month: 0 USD / 1 lot / order|
Then: 5 USD / 1 lot / order**
|Limit for placing orders from actual price||0|
|Orders execution speed||from 4ms|
|Maximum volume per trade||1,000 lots|
|Liquidity providers||LMAX (UK regulated) and IS Prime (UK regulated), which are further connected to Barclays, Commerzbank, Deutsche Bank, Nomura, RBS, SocGen, UBS, Bank of America, Citi, Goldman Sachs, JP Morgan, Morgan Stanley, non-bank LPs and selected ECNs|
|Account opening||for free|