#Deposits held in the EU banks and smart withdrawal options

Your convenience for deposits and withdrawals is very important to us. Purple Trading offers different banks you can choose from in order to make your deposits (we do not accept cash deposits). In both cases, you can select between EUR and USD deposit bank accounts.

You will find more details and exact deposit instructions after logging into your PurpleZone account.

For bank wire withdrawals you will need to have the bank details filled in PurpleZone. Then you can ask for withdrawing the money on your bank account just by few clicks.

#Security of deposits and insurance against bankruptcy

Within our regulation across the whole European Union, we are approved to provide innovative forex broker services. We are registered with all the local regulators such as FCA, BaFin, ACPR, AFM, CONSOB, KNF and more. Each and every one of our clients is listed separately within our partner bank and thus his deposits are linked with his own name. All of the deposited funds of traders and investors are furthermore segregated from the company funds, which secures the safety of your whole deposited amount. Our company is also part of the Investors Compensation Fund.

#Deposits and Withdrawals via wire transfer

The cheapest and most common way of deposits is via wire transfer. We understand our clients and their urgency of having the money available as soon as possible. That is why we process the withdrawal and deposit requests during one work day (if the client filled in his bank details correctly and beforehand).

#WIRE TRANSFER FEES

#SEPA Transactions up to 50 000 EUR

Incoming Transfers: 3.70 EUR on avg.

Outgoing Transfers: 3.70 EUR on avg.

#SEPA Transactions above 50 000 EUR

Incoming Transfers: 11.10 EUR on avg.

Outgoing Transfers: 11.10 EUR on avg.

#Foreign Transactions (SHA,BEN)

Incoming Transfers: 11.10 EUR on avg.

Outgoing Transfers: 11.10 EUR on avg.

#Deposits and Withdrawals via credit/debit cards

Besides the bank wire you can also use credit or debit cards for deposits (Visa, MasterCard®). The limits range from 15 to 5000 USD/EUR.

When making a deposit by a card over the limit of 2000USD/EUR it is necessary to fill out a form as a confirmation of the deposit before we can add the funds to your trading account. In these cases we will contact you as soon as possible.

It is necessary to upload a card scan to complete the deposit. Scan can be attached during the process of depositing your funds. From the moment your card is approved, all your deposits will be reflected to your account automatically. However, please pay a close attention to correctly fill out your full name as the card holder when making a deposit.

Instructions on how to correctly make a deposit can be found in your client zone, the PurpleZone.