Wikilix
Contract reading

What PURPLE TRADING legally published, but does not want you to read

Every clause below is published by PURPLE TRADING itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on . We have read it 2 times.

Contracting entity: AXSE Brokerage Ltd.

sole discretionmarketing gapdispute barrierhidden feekyc freezemissing documentwithdrawalscountry restrictiondormancyaccount closure

Purple Trading's homepage promises you can never lose more than you deposit, and that client funds sit in segregated accounts. The Terms say you must pay whatever the account owes if it ends in debit, and that you authorise your money to be used as collateral with third parties. You get three calendar days to complain about a trade. Three months without a trade costs 30 USD a quarter, or your whole balance if it is smaller.

Back to PURPLE TRADING

Contract risk

Money at risk
7.5/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
7
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
19
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
13
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
4

How the 19 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical7
Warning11
Notice1

section 133 of 136is where the deepest clause sits: the very end of the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

3 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical7 working daysIn the contract. Jump to the clause this comes from.Homepage promise of never losing more than you depositCritical3 daysTime to complain. Jump to the clause this comes from.Three calendar days to complain about a tradeCritical$30Fee on an unused account. Jump to the clause this comes from.Dormant account fee can take your whole remaining balance5 working daysWithdrawal limit. Jump to the clause this comes from.One business day advertised, five working days reserved

What the documents say

19 clauses worth knowing about, worst first, each quoted from PURPLE TRADING's own files

01

If Purple Trading decides your trading was abusive, clause XXIX.6 lets it hold back what it owes you, including payment. The clause gives no test, no notice and no appeal. It names high frequency trading and latency arbitrage as examples.

Why this matters

Your profit can sit in the account and never reach your bank. Clause IX.6 goes further and lets Purple Trading cancel a trade it has already executed.

Exhibit 1CriticalHarder than usual

AXSE hereby reserves the right to withhold performance of contractual obligations (including payment of fees etc.) in the case where any abusive trading is detected. It is in the sole discretion of AXSE to determine the occurrence of abusive trading.
Clause XXIX.6 in Terms and Conditions, p.33
Read from the broker's site on Open the reference

Buried at section 133 of 136 in the Terms and Conditions, 98% of the way through.

  • Worse together with Exhibit 3Purple Trading takes as long as it likes to decide your trading was abusive, and you have three calendar days to object to the trade.
02

Purple Trading's homepage tells you that you can never lose more than you have deposited. Clause XIX.5 of the Terms says you must pay Purple Trading the amount due if your account ends in debit. Its own protection clause covers an irregular market event and gives it 7 business days to bring the equity back to zero.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

A price gap can leave your account below zero, and the Terms then make that a debt you owe. Clause VII.10 lets Purple Trading pass your name and contact details to a debt collection agency.

Exhibit 2CriticalHarder than usual7 working days

Should the Client’s account end in debit, Client warrants that the Client will pay AXSE the amount due.
Clause XIX.5 in Terms and Conditions, p.27
Read from the broker's site on Open the reference

Buried at section 106 of 136 in the Terms and Conditions, 78% of the way through.

Set against a regulated standard: FCA (UK), ESMA (EU), CySEC (Cyprus)

Firms licensed by the FCA, and firms under the ESMA rules applied across the EU, must give retail CFD clients negative balance protection on an account basis, so the client cannot owe the firm more than the account holds. This contract makes the client pay a debit balance.

PURPLE TRADING is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 18You can owe a debit balance and also pay Purple Trading's legal costs for collecting it.
03

Three calendar days is all you get to complain about a trade or an order, under clause XXIX.1. Calendar days include the weekend. Purple Trading's own Complaint Handling Policy sets no deadline at all.

Why this matters

Miss the third day and the Terms leave you no route back to that trade. A pricing or execution problem is often invisible inside three calendar days.

Exhibit 3CriticalHarder than usual3 days

and no later than three calendar days in case the claim or complaint concerns a Transaction or Transaction Order, and as soon as possible.
Clause XXIX.1 in Terms and Conditions, p.32
Read from the broker's site on Open the reference

Buried at section 128 of 136 in the Terms and Conditions, 94% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must accept a retail complaint long after the event and must point the client to an independent complaints service. This contract shuts the door on a trade complaint after three calendar days.

PURPLE TRADING is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

04

Three months without a trade makes your account dormant. Purple Trading then charges 30 USD every quarter, or the full free balance if that balance is under 30 USD.

Why this matters

A small balance you left behind can be emptied by a single charge. Purple Trading's website never mentions this fee: on its own deposits and withdrawals page, every method is listed as free.

Exhibit 4CriticalHarder than usual$30

Dormant Accounts are charged a quarterly maintenance Dormant Account Fee of 30 USD, 30 EUR, 30 GBP, 700 CZK or the full amount of the free balance in the account if the free balance is less than the above-mentioned values.
Clause V.11 in Terms and Conditions, p.12
Read from the broker's site on Open the reference

Where it sits: section 46 of 136 in the Terms and Conditions, 34% of the way through.

What it costsA leftover balance of 25 USD is below the 30 USD fee, so the first quarterly charge takes all 25 USD and the account reaches zero.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
3 months without a tradePurple Trading can classify the account as dormant.V.11
Each calendar quarterA 30 USD, 30 EUR, 30 GBP or 700 CZK fee is charged while the account stays dormant.V.11
Free balance under 30 USDThe fee takes the full amount of the free balance instead.V.11
Free balance at zeroNo charge is made, and Purple Trading may close the account.V.11
  • Worse together with Exhibit 10The same clause puts an actively traded account on this fee when a document arrives late.
05

Purple Trading's homepage says client funds are held in segregated accounts with reputable banks. Clause VII.9 of the Terms has you authorise it to use your funds as collateral with third party service providers.

Why this matters

Money pledged as security for somebody else's obligations may not come back if that party fails. The Client Agreement bans this pledging unless you consent, and the Terms are where you consent in advance.

Exhibit 7CriticalRarely seen

The Client hereby acknowledges and authorizes AXSE to use Client’s funds as collateral/security deposit to third Party Service providers.
Clause VII.9 in Terms and Conditions, p.15
Read from the broker's site on Open the reference

Where it sits: section 59 of 136 in the Terms and Conditions, 43% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU)

Firms licensed by the FCA or CySEC must hold retail client money separately from their own and may not use it as collateral for their own obligations. This contract takes the client's authority to do exactly that.

PURPLE TRADING is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingUsing a retail client's deposit as security towards a third party is a wholesale market device. In a retail trading contract it ties your balance to the failure of a firm you have never dealt with.

  • Worse together with Exhibit 19Funds pledged to a third party sit behind a Seychelles company with no compensation scheme standing behind it.

Five working days reserved, and a hold that depends on your bank's country

Clause VII.4.e reserves up to five working days before a withdrawal leaves Purple Trading, while its own table promises one business day. Clause VII.4.f lets it withhold your funds when your bank sits in a country its internal AML rules call risky, and that list is not published.

Getting paid2 clauses flagged

If your bank or card is in a country Purple Trading's internal AML rules treat as risky, clause VII.4.f lets it withhold your money. You get it back by opening an account somewhere it prefers.

Why this matters

No deadline limits the hold. The list of risky countries is internal, so you cannot check your own bank against it before you deposit.

Exhibit 5CriticalHarder than usual

In case when the Transactional Credit Card and/or Transaction Account(s) is kept in the financial institution residing in the jurisdiction classified as risk jurisdiction by the Company’s AML internal rules, the Company reserves the right to withhold Client’s funds.
Clause VII.4.f in Terms and Conditions, p.14
Read from the broker's site on Open the reference

Where it sits: section 56 of 136 in the Terms and Conditions, 41% of the way through.

Purple Trading's withdrawal table promises one business day at its end for every method. Clause VII.4.e reserves up to five working days before the money is transferred.

Why this matters

Plan for the contract, not the table. Five working days across a weekend can be more than a week before your money leaves Purple Trading.

Exhibit 8WarningStandard wording5 working days

AXSE reserves the maximum period of five working days, starting at the moment of placing a withdrawal request by Client, before the funds are transferred to Transaction Account of Client.
Clause VII.4.e in Terms and Conditions, p.14
Read from the broker's site on Open the reference

Where it sits: section 56 of 136 in the Terms and Conditions, 41% of the way through.

Purple Trading can switch off the account, the terms and the leverage

Clause XV.2 lets Purple Trading disable your account at any time without notice, and clause II.4 lets it rewrite the Terms with no notice at all. Leverage can be cut case by case under clause IX.1.h, and the 1:500 headline applies only up to a balance threshold that two Purple Trading documents state differently.

Broker discretion4 clauses flagged

Purple Trading can disable your account whenever it chooses, with no notice, at its own discretion. The same clause obliges it to explain the reason if you ask.

Why this matters

Your open positions and your balance sit inside an account that can be switched off first and explained afterwards. A financial authority's request alone is enough under clause XIV.3.

Exhibit 6CriticalHarder than usual

AXSE is obliged to explain to Client the reason of closing the account anytime upon request. The Client hereby acknowledges that AXSE has the full right to disable the Client Account anytime without prior notice to Client and at AXSE’s sole discretion.
Clause XV.2 in Terms and Conditions, p.23
Read from the broker's site on Open the reference

Buried at section 90 of 136 in the Terms and Conditions, 66% of the way through.

Purple Trading can rewrite the Terms on its own, with no written notice, and the change takes effect when it is published. It undertakes that changes will not fundamentally worsen a client's position.

Why this matters

Checking the PDF is on you. Clause XXIX.4 treats an email, or an edit to the website, as the written notice you agreed to.

Exhibit 11WarningHarder than usual

AXSE reserves the right to modify these Terms and Conditions unilaterally. No written notice is required for such modification. AXSE undertakes that these changes do not cause a fundamental change or deterioration of the status of a client.
Clause II.4 in Terms and Conditions, p.6
Read from the broker's site on Open the reference

Where it sits: section 24 of 136 in the Terms and Conditions, near the start.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a retail client advance notice of a change to the contract terms. This contract makes a change effective on publication with no notice at all.

PURPLE TRADING is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Purple Trading can change your leverage at its sole discretion and without any notification. Its Terms start the 1:500 tier at balances up to USD 20,000, while the instrument list published beside them says USD 12,000.

Why this matters

Lower leverage means more margin for the same position, immediately. With two thresholds in print, you cannot tell which one applies to your balance.

Exhibit 16WarningHarder than usual$20000

AXSE reserves the right to apply changes to and amend the Stop-loss ratio (i.e. decrease or increase the leverage ratio), at its sole discretion and without any notification, case by case on any account of the client as deemed necessary by AXSE.
Clause IX.1.h in Terms and Conditions, p.16
Read from the broker's site on Open the reference

Where it sits: section 64 of 136 in the Terms and Conditions, 47% of the way through.

Purple Trading names more than 30 countries whose nationals and residents might face restrictions. That list is in the site footer, not in the Terms, and the wording leaves the decision open.

Why this matters

You can be resident in Brazil, Canada, Indonesia or Belgium, deposit money, and only then find out where you stand. The Terms let Purple Trading end the contract at once if your country reaches a FATF sanction list.

Exhibit 18WarningHarder than usual

Restrictions to accessing our services might apply to individuals being national of, or resident in, the following countries: Afghanistan, Algeria, American Samoa, Belarus, Belgium, Bolivia, Brazil
Quoted in Cookie Policy
Read from the broker's site on Open the reference

Buried at section 78 of 83 in the Cookie Policy, 94% of the way through.

Two charges with no amount, and the fee document is missing

Purple Trading can levy a data feed charge at a rate it calls reasonable and convert your money at rates it selects, with no figure attached to either. Clause X.17 then points to a Key Facts Statement on fees that is nowhere on the site, though clause X.4 does promise a week of notice before a new charge starts.

Cost disclosure1 clause flagged

Purple Trading can bill you for watching prices without trading, at a rate it calls reasonable. It can also convert your money at rates it selects. The Terms send you to a Key Facts Statement for fees, and no such document is on the site.

Why this matters

Neither charge carries a number, so you cannot work out either cost before you agree to it. Clause X.4 does promise a week of notice before a new charge starts.

Exhibit 12WarningHarder than usual

Data feed charge: AXSE reserves the right to levy a reasonable charge to reflect Company’s costs in making real time prices available to Client on their Account if Client repeatedly accesses their Account over an extended period without placing any Orders and executing trades on the Account.
Clause X.6 in Terms and Conditions, p.19
Read from the broker's site on Open the reference

Where it sits: section 75 of 136 in the Terms and Conditions, 55% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must disclose costs and charges to a retail client before that client trades. These clauses leave two charges without an amount and point to a document that is not published.

PURPLE TRADING is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Bonus credit props up your equity until Purple Trading takes it back

Purple Trading defines Credit as a fictional amount that increases equity, and clause VII.8 lets it remove that Credit at any time. Equity is the figure your margin level is measured against, and the platform starts closing positions at 20%.

Credit as equity1 clause flagged

Purple Trading can remove a bonus whenever it decides to. It defines that bonus as a fictional amount that increases your equity, and equity is the number your margin level is measured against. The bonus terms the clause points to are not published.

Why this matters

Taking the credit back drops your equity in one step. That can carry you to the margin call at 50%, or the stop out at 20% where the platform starts closing your positions.

Exhibit 13WarningHarder than usual20%

In the certain occasions the Client shall be awarded bonuses in form of Credit. This Credit shall be removed anytime according to the decision of AXSE. The Client is not entitled to the legal claim of Credit assignation.
Clause VII.8 in Terms and Conditions, p.15
Read from the broker's site on Open the reference

Where it sits: section 59 of 136 in the Terms and Conditions, 43% of the way through.

  • Worse together with Exhibit 16Equity can be cut by removing credit while the margin required is raised by cutting leverage, and both happen without notice.

Three calendar days to complain, 100 USD if Purple Trading disagrees

Clause XXIX.1 gives you three calendar days to complain about a trade, while Purple Trading's own Complaint Handling Policy sets no deadline. A review request judged unjustified costs 100 USD under clause V.10, and clause XX.3 rules out liability for failures of Purple Trading's own trading system.

Complaint window2 clauses flagged

You can ask Purple Trading to review a transaction that did not execute. If it decides your request was inadequate and unjustified, clause V.10 lets it charge you 100 USD per review.

Why this matters

The company whose decision you are questioning also decides whether questioning it costs you 100 USD. The same clause does make Purple Trading bear the cost when your request turns out to be justified.

Exhibit 9WarningRarely seen$100

However, if the client’s request proves to be inadequate and unjustified, AXSE may, at its own discretion, charge $100 (one hundred U.S. dollars) per revision.
Clause V.10 in Terms and Conditions, p.11
Read from the broker's site on Open the reference

Where it sits: section 44 of 136 in the Terms and Conditions, 32% of the way through.

Our readingCharging a retail client for asking about a failed transaction is unusual, and here the firm being questioned decides whether the question was worth asking.

Purple Trading accepts no liability for an error or failure in its own trading system. The same clause covers slippage and a stop loss order that does not hold. Clause XX.2 makes you pay its legal costs when it enforces the contract.

Why this matters

A platform failure during a fast market is your loss under these clauses. Clause XX.5 also blocks any claim for lost profit or lost opportunity.

Exhibit 17WarningHarder than usual

The Company will not be held liable for any loss or damage or expense or loss incurred by the Client in relation to, or directly or indirectly arising from, but not limited to:
Clause XX.3.a in Terms and Conditions, p.28
Read from the broker's site on Open the reference

Buried at section 110 of 136 in the Terms and Conditions, 81% of the way through.

Three ICC arbitrators in Vienna, under Seychelles law

Clause XXIV.2 sends every dispute to the International Chamber of Commerce with three arbitrators seated in Vienna, under the law of Seychelles. The Complaint Handling Policy does point a rejected complainant to the Financial Services Authority Seychelles.

Where you sue1 clause flagged

Every dispute goes to arbitration under the Rules of the International Chamber of Commerce, with three arbitrators, seated in Vienna. Seychelles law governs the contract.

Why this matters

Three ICC arbitrators cost far more than most retail account balances. The Complaint Handling Policy also sends you to a chapter of Company Rules and Regulations that Purple Trading does not publish.

Exhibit 14WarningHarder than usual

All disputes arising out of or in connection with the actual Contract shall be finally settled under the Rules of Arbitration of the International Chamber of Commerce by three arbitrators appointed in accordance with the said Rules. The seat of arbitration shall be Wien.
Clause XXIV.2 in Terms and Conditions, p.30
Read from the broker's site on Open the reference

Buried at section 118 of 136 in the Terms and Conditions, 87% of the way through.

A late document puts an active account on the dormancy fee

Clause V.11 makes an account dormant either after three months without a trade or when the client is late with identification documents, and then charges 30 USD a quarter. Purple Trading never defines how long timely is.

In plain words

Dormancy means an account left unused.

Paperwork clock1 clause flagged

Purple Trading treats late paperwork exactly like inactivity. An account becomes dormant either after three months without a trade, or when its owner is late sending identification documents.

Why this matters

You can trade every week and still pay 30 USD a quarter because a document arrived late. The contract never says how long timely is.

Exhibit 10WarningHarder than usual$30

b. the Client will not provide, in timely manner, the identification documentation as per the Company’s request,
Clause V.11.b in Terms and Conditions, p.11
Read from the broker's site on Open the reference

Where it sits: section 46 of 136 in the Terms and Conditions, 34% of the way through.

You agree to conflicts Purple Trading never has to tell you about

Section 9 of Purple Trading's Conflicts of Interest Policy takes your consent to it dealing with you in any manner it considers appropriate, despite any conflict, without prior reference to you. The same policy lists an interest in maximising trading volumes and staff paid on client volume.

Advance consent1 clause flagged

You authorise Purple Trading to deal with you in any manner it considers appropriate, despite any conflict of interest, without telling you first. That consent is given by signing up, before any conflict exists.

In plain words

Remuneration means payments it receives.

Why this matters

The same policy admits Purple Trading gains when you trade more, and that staff pay can be based on your trading volume. You agree to that before you ever see a case of it.

Exhibit 15WarningHarder than usual

Further, the Client consents to and authorizes the Company to deal with the Client in any manner which the Company considers appropriate, notwithstanding any conflict of interest or the existence of any material interest in a transaction, without prior reference to the Client.
Clause 9 in Conflicts of Interest Policy
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must disclose the specific nature and source of a conflict to a retail client before acting for that client. This policy takes a blanket consent in advance instead.

PURPLE TRADING is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

AXSE Brokerage Ltd in Seychelles, with no compensation scheme behind it

AXSE Brokerage Ltd., licensed in Seychelles as SD041 and trading as Purple Trading, is the company on the other side of your contract. Its own disclaimer says European financial regulation does not apply and no investor compensation scheme covers you, while the Conflicts of Interest Policy cites a different licence number, 271/15.

Who you contract with1 clause flagged

AXSE Brokerage Ltd. is the company you contract with, licensed in Seychelles as SD041 and trading as Purple Trading. Its own disclaimer says European financial rules do not apply and no investor compensation scheme exists. The Conflicts of Interest Policy cites a different number, 271/15.

Why this matters

If the company fails, no scheme stands behind your balance. Checking a licence starts with its number, and this document set gives you two different ones.

Exhibit 19Notice

In addition, there is no provision for an investor compensation scheme.
Quoted in Cookie Policy
Read from the broker's site on Open the reference

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The homepage rules out losing more than you deposited, and clause XIX.5 makes you pay a debit balance.

Said in public, in English

Stay protected from sudden market fluctuations and don't ever lose more than you have deposited.

Homepage, under the heading Negative Balance Protection

In the contract · clause XIX.5

Should the Client’s account end in debit, Client warrants that the Client will pay AXSE the amount due.

02

Segregation is promised on the homepage while the Terms take your authority to pledge the same funds to third parties.

Said in public, in English

Client funds are held in segregated accounts with reputable banks. The Company is audited.

Homepage, under the heading Safety of clients' funds

In the contract · clause VII.9

The Client hereby acknowledges and authorizes AXSE to use Client’s funds as collateral/security deposit to third Party Service providers.

03

The withdrawal table promises one business day at Purple Trading's end, and the Terms reserve five working days.

Said in public, in English

Credit/debit card withdrawal Free 1 business day 3-10 business days

Homepage, Conditions for Withdrawals table, column headed Processing time on our end

In the contract · clause VII.4.e

AXSE reserves the maximum period of five working days, starting at the moment of placing a withdrawal request by Client, before the funds are transferred to Transaction Account of Client.

04

The 1:500 headline carries no balance condition, while the Terms tie it to your total balance and let Purple Trading cut it at will.

Said in public, in English

Leverage up to 1:500 | Spreads from 0.0 | Negative balance protection | Purple Trading Seychelles | Start trading with an elite broker.

Homepage banner tagline, repeated in the page title

In the contract · clause IX.1.i

The maximum Leverage ratio provided to Clients on Forex trading instruments depends on the total balance of all the trading accounts of the Client. AXSE reserves the right to decrease the Leverage at any time and at its sole discretion.

The documents this reading is based on

13 files, all published by PURPLE TRADING. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording PURPLE TRADING publishes.

How this reading was done

Every clause above was read out of a document PURPLE TRADING publishes itself

This reading was published on . It is the newest of 2 readings we keep of these documents. See every reading.

Documents
12 of 13downloaded from the broker's site, and 12 read in full
Pages opened
23pages walked to find those documents, footer links included
Older copies
7earlier versions downloaded, 5 identical to the copy we hold by fingerprint
Marketing pages
2public pages set against what the contract says
Position measured
17clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

AXSE Brokerage Ltd.

AXSE Brokerage Ltd. is the company a client contracts with, registered in Seychelles under number 8424258-1 and licensed there as a Securities Dealer, SD041. It trades as Purple Trading under the Seychelles Registration of the Business Names Act 1972. Its own disclaimer separates it from other entities in the group, says European financial rules do not apply, and says no investor compensation scheme covers you.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

Every time we have read this contract

We keep 2 readings of PURPLE TRADING’s documents, newest first. Each one shows what we said at the time.

2 readings

What changed since Sep 6, 2026

The counts below are about our own list of clauses. A clause can join it because the broker added it, or because this reading found something the last one missed.

New on our list
3 clauses
Off our list
0 clauses
We rate critical
7 now, 7 then
Our risk score
7.5 out of 10, unchanged

Every document Purple Trading publishes today is byte for byte the file we read last time, so nothing in the contract moved. Re-reading confirms the same clauses still bite: three calendar days to complain under XXIX.1, 30 USD a quarter under V.11, and five working days reserved for a withdrawal under VII.4.e. This reading adds clauses we had not shown you before, including VII.9 on pledging your funds read against clause 7.4 of the unlisted Client Agreement, the liability exclusions in XX.3, and a leverage threshold that reads USD 20,000 in the Terms and USD 12,000 in the instrument list, so the risk score stays at 7.5.

The counts above are the totals each reading published. They show that a total moved. They do not yet say which single clause was added or dropped.

  1. CurrentRisk 7.5/1019 clauses7 critical
  2. Risk 7.5/1016 clauses7 criticalReplaced

We keep every past reading so you can check what we said before, and when we said it. Those pages are archived snapshots of an older contract, so search engines are asked not to index them.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

Purple Trading links eleven legal documents from the footer of every page, and all of them open without an account. The Complaint Handling Policy names a real escalation route: a rejected complainant may appeal to the Financial Services Authority Seychelles. Clause X.4 promises a week of written notice before a new charge applies for the first time. The Order Execution Policy explains the margin call at 50% and the stop out at 20% with a worked example, which most offshore brokers never bother to write.

We read all twelve documents Purple Trading links from its footer, end to end. The Client Agreement is not in that list. We found the file itself on purple-trading.sc and read parts of it, and every quotation credited to it comes from that file. We could not open the sign-up form, so we could not compare the countries it offers against the restriction list in the footer. Five older copies are unchanged since 2025 by fingerprint and we did not re-read them. A 2024 copy of the Conflicts of Interest Policy held no readable text, and an older copy of the Order Execution Policy could not be opened. No bonus terms and no Key Facts Statement exist on the site, so neither could be read.

How to check any of this yourself

Every quote above links to the PURPLE TRADING file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document PURPLE TRADING publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge PURPLE TRADING on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Sep 6, 2026.

If you represent PURPLE TRADING and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on PURPLE TRADING. Whether its licence is real and current is a separate check on the broker profile.

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