This is an archived reading from Sep 6, 2026. It is not the current one, and PURPLE TRADING may have changed these documents since.Read the current report

Wikilix
Contract reading

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

Every clause below was published by PURPLE TRADING itself, on its own website, on the day we read it. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. This is what they said on .

Contracting entity: AXSE Brokerage Ltd.

sole discretioncomplaint deadlinedormancyhidden feemarketing gapwithdrawalsdeemed acceptancekyc freezeprofit voidingbonus lock

Purple Trading promises on its homepage that you can never lose more than you deposit. Clause XIX.5 says that if your account ends in debit, you will pay AXSE what is due. The same page says client funds sit in segregated accounts, while clause VII.9 has you authorise AXSE to pledge those funds to third parties. You get three calendar days to complain about a trade, and an idle account is charged 30 USD a quarter or whatever is left if that is less.

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.
16
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
12
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
3

How the 16 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
Warning8
Notice1

section 135 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 promises you cannot lose 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.Site advertises one business day, contract reserves five

What the documents say

16 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. The contract says that decision is AXSE's alone, and it never defines abusive trading.

Why this matters

Your profit can sit unpaid while the firm on the other side of the argument decides whether you earned it. Clause IX.6 goes further and lets AXSE reverse 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 135 of 136 in the Terms and Conditions, 99% of the way through.

  • Worse together with Exhibit 9AXSE can judge your trading abusive, hold the payment and disable the account, with no notice required at any step.
02

The homepage tells you to stay protected and never lose more than you have deposited. Clause XIX.5 of the Terms says that if your account ends in debit, you will pay AXSE the amount due.

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

You could owe Purple Trading money after a gap in the market, despite the promise that brought you to the site. The protection clause also leaves the chasing to you: if your balance is still negative after 7 business days, the contract says you should contact AXSE.

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 111 of 136 in the Terms and Conditions, 82% of the way through.

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

Firms licensed by the FCA or CySEC must give retail CFD clients negative balance protection and cannot pursue them for losses beyond the money in the account. This contract offers the protection in clause IX.1.g and makes you liable for a debit balance in clause XIX.5.

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

03

You get three calendar days to raise a complaint about a trade or an order, under clause XXIX.1. Calendar days means a Friday problem can expire on Monday.

Why this matters

Miss those three days and the contract leaves you nothing to point at. The Complaint Handling Policy that the same clause sends you to sets no deadline at all, so this bar appears only on page 32 of the Terms.

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 131 of 136 in the Terms and Conditions, 96% of the way through.

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

Firms licensed by the FCA or CySEC must accept and investigate a retail complaint well beyond a few days, and must point the client to an independent ombudsman that costs nothing to use. This contract closes the door 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.

  • Worse together with Exhibit 4A three day window to raise a query sits beside a 100 USD charge for a query AXSE decides was unjustified.
04

Stop trading for three months and Purple Trading can charge 30 USD every quarter, or your entire free balance if what is left is under 30. The deposits section of the site says every method is free and never mentions this.

Why this matters

A small balance you leave alone disappears in a few quarters, and the last charge takes whatever remains rather than stopping at zero. The fee lives in clause V.11 of a 33 page PDF, not on the page where the site discusses money.

Exhibit 5CriticalHarder 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 49 of 136 in the Terms and Conditions, 36% of the way through.

What it costsAn account holding 80 USD with no trades pays 30 USD at the start of each quarter. After two charges 20 USD is left, and the third charge takes all of it.

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 with no tradesPurple Trading can classify the account as dormant.V.11
Start of each quarterA dormant account fee of 30 USD, 30 EUR, 30 GBP or 700 CZK is charged.V.11
Free balance below the feeThe charge takes the full amount of the free balance instead.V.11
Free balance at zeroNothing further is charged, and the account may also be closed.V.11
  • Worse together with Exhibit 6A missed document request puts an actively traded account on the same fee ladder as an abandoned one.
05

The homepage says client funds are held in segregated accounts with reputable banks. Clause VII.9 has you authorise Purple Trading to use those funds as collateral to third party service providers, and the site's own disclaimer says there is no investor compensation scheme.

Why this matters

Money you deposited can be pledged to a company you have never dealt with, and no scheme pays you back if that goes wrong. Clause V.8 also puts your funds in accounts held on behalf of AXSE, at a bank AXSE alone chooses.

Exhibit 12CriticalRarely 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 62 of 136 in the Terms and Conditions, 46% of the way through.

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

Firms licensed by the FCA, CySEC or ASIC must hold retail client money separately from their own and must not use it as security for their own obligations. This contract asks you to authorise exactly that.

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

Our readingPledging client money as collateral to third parties is a financing device. In a retail trading agreement it means your deposit can secure somebody else's obligation while you are told it sits in a segregated account.

Five working days reserved, and an indefinite hold if AXSE dislikes your bank

The Purple Trading homepage gives the firm 1 business day to process any withdrawal. Clause VII.4.e reserves five working days. Clause VII.4.f goes further and lets AXSE withhold your funds outright where your bank sits in a country its internal AML rules class as risky, until you supply an account elsewhere.

Getting money out2 clauses flagged

If your card or bank sits in a country AXSE's internal rules class as a risk jurisdiction, clause VII.4.f lets Purple Trading withhold your funds until you supply an account somewhere it prefers. That list is internal and appears nowhere in the document set.

Why this matters

Your money stays with the broker until you open a bank account in a country it approves, and no clause limits how long that lasts. You cannot check before depositing whether your own bank qualifies.

Exhibit 7CriticalHarder 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 57 of 136 in the Terms and Conditions, 42% of the way through.

  • Worse together with Exhibit 8The five working day clock governs a payout that this clause can stop entirely.

The withdrawal table on the homepage gives Purple Trading 1 business day for every method. Clause VII.4.e reserves five working days before the money is transferred.

Why this matters

Plan around the figure on the site and you can be four working days short, before your own bank adds its time. The clause does say withdrawals are meant to go without undue delay, but five days is what AXSE has reserved.

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. The period serves for Verification of person placing the request and the amount of funds remaining on Client Account. The withdrawal orders are thought to be executed by AXSE without undue delay.
Clause VII.4.e in Terms and Conditions, p.14
Read from the broker's site on Open the reference

Where it sits: section 57 of 136 in the Terms and Conditions, 42% of the way through.

The account can be switched off, and the contract rewritten, without notice

Clause XV.2 gives Purple Trading the full right to disable your account at any time, without prior notice, at its sole discretion. Clause II.4 lets it modify the Terms unilaterally with no written notice, effective the moment they are published. AXSE must explain an account closure if you ask, and clause X.4 gives a week of notice before fee changes.

Exit conditions2 clauses flagged

Clause XV.2 gives Purple Trading the full right to disable your account at any time, without telling you first, at its sole discretion. The same clause obliges AXSE to explain the reason if you ask afterwards.

Why this matters

Access to your balance and your open positions can end before any explanation reaches you. The list of legitimate reasons in clause XV.1 is expressly not exhaustive, so it does not limit this.

Exhibit 9CriticalHarder 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 94 of 136 in the Terms and Conditions, 69% of the way through.

Purple Trading can rewrite the Terms on its own, and clause II.4 says no written notice is required. The change binds you from the moment it appears on the website.

Why this matters

The contract you agreed to can differ from the one on the site next week, with nothing arriving in your inbox. AXSE does undertake that changes will not fundamentally worsen your position, and clause X.4 promises a week of notice before fee changes.

Exhibit 10WarningHarder 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 25 of 136 in the Terms and Conditions, near the start.

Two charges Purple Trading can set after the fact

Clause X.6 lets AXSE bill you for live prices if you keep opening the account without trading, at a charge it calls reasonable and sets itself. Clause X.15 lets it convert your money without prior notice at exchange rates it selects. Neither clause names a figure, so neither cost can be worked out in advance.

Cost disclosure1 clause flagged

Purple Trading can bill you for live prices if you keep opening your account without trading, at a charge it calls reasonable and sets itself. It can also convert your money without notice, at exchange rates AXSE selects.

In plain words

Dormancy means an account left unused.

Why this matters

Neither clause names a figure, so you cannot work out either cost before it lands. Logging in to watch the market is billable under clause X.6, and read with the dormancy fee, not trading costs you twice.

Exhibit 11WarningHarder 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 78 of 136 in the Terms and Conditions, 57% 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 they trade, including the cost of currency conversion. These two clauses name no amount and require no notice.

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

Bonus credit counts toward equity until Purple Trading takes it away

The Terms define Credit as a fictional amount that increases the value of your equity, and clause VII.8 lets AXSE remove it at any time on its own decision. Equity below half the required margin lets AXSE close your positions without your consent. Purple Trading publishes no bonus terms, though clause VII.8 says each promotion has its own.

Credit and margin1 clause flagged

Bonus credit raises the equity your positions are measured against, and clause VII.8 lets Purple Trading remove it at any time on its own decision. The promotion terms that clause refers to are not published on the site.

Why this matters

Losing credit lowers your equity, and once equity falls below half the required margin AXSE can close your positions without asking you. You cannot read the promotion rules before accepting one.

Exhibit 13WarningHarder than usual

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 62 of 136 in the Terms and Conditions, 46% of the way through.

Three calendar days to complain, and 100 USD if the complaint is judged unjustified

Purple Trading gives you three calendar days to complain about a trade, in clause XXIX.1 on page 32 of a 33 page contract. Its Complaint Handling Policy, which that clause points you to, sets no deadline at all. Asking for a transaction to be reviewed can cost 100 USD if AXSE decides the request was unjustified.

Complaint window1 clause flagged

Ask Purple Trading to review a transaction that did not execute and it can charge you $100 if it decides your request was inadequate and unjustified. Clause V.10 leaves that judgement to AXSE.

Why this matters

Querying a failed trade can cost you money instead of recovering it. AXSE does cover the cost when the review proves you were right, so the risk falls entirely on being told you were wrong.

Exhibit 4WarningRarely 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. In the event such revision proves that such request of client was justified and transaction non-executed, AXSE shall bear the costs of such revision.
Clause V.10 in Terms and Conditions, p.11
Read from the broker's site on Open the reference

Where it sits: section 45 of 136 in the Terms and Conditions, 33% of the way through.

What it costsTwo queries about trades that did not execute, both judged unjustified, cost you 200 USD out of your balance.

Our readingRetail trading contracts rarely put a price on a client query. What makes this one unusual is that the same firm decides whether your request was justified and collects the 100 USD when it decides it was not.

A dispute with Purple Trading goes to three arbitrators in Vienna

Clause XXIV.2 sends every dispute to arbitration under International Chamber of Commerce rules, decided by three arbitrators, seated in Vienna, under the law of Seychelles. There is no court route in the contract. The Complaint Handling Policy does offer a free earlier step, an appeal to the Financial Services Authority Seychelles.

Where you would sue1 clause flagged

Every dispute with Purple Trading is settled by arbitration under International Chamber of Commerce rules, by three arbitrators, seated in Vienna, under Seychelles law. Clause XXIV.2 leaves no court route.

Why this matters

Bringing a claim means paying for a three arbitrator panel in a city most clients do not live in. The Complaint Handling Policy does give you a free step first: a rejected complaint can be appealed to the Financial Services Authority Seychelles.

Exhibit 14WarningRarely seen

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 123 of 136 in the Terms and Conditions, 90% of the way through.

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

Firms licensed by the FCA or CySEC must give retail clients access to an independent complaints scheme that costs the client nothing. This contract sends disputes to a three arbitrator ICC panel seated in Vienna.

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

Our readingThree arbitrator ICC arbitration is built for disputes between companies, where the sums justify the panel. Pointed at a retail trading account, it sets the cost of complaining above the size of most balances.

A late document turns an active account into a dormant one

Clause V.11 of the Purple Trading Terms defines a dormant account two ways, and only one of them is about trading. Failing to provide identification documents in time puts an account you are actively using onto the same 30 USD quarterly charge. You have 7 business days to report any change to your details.

Paperwork deadlines1 clause flagged

Clause V.11 lets Purple Trading treat your account as dormant for a second reason that has nothing to do with trading: not sending identification documents on time. The quarterly 30 USD charge then applies to an account you are still using.

Why this matters

You have 7 business days to report any change to your details, and AXSE can end the relationship if you do not. A slow reply to a document request costs you the fee and can cost you the account.

Exhibit 6WarningHarder than usual

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

Where it sits: section 49 of 136 in the Terms and Conditions, 36% of the way through.

  • Same clause as Exhibit 5One clause defines dormancy twice, once by inactivity and once by paperwork, and attaches the same charge to both.

You agree to conflicts before anyone tells you what they are

The Purple Trading Conflicts of Interest Policy has the client authorise AXSE to deal with them in any manner it considers appropriate, despite any conflict of interest, without prior reference to the client. The same document lists AXSE being paid by third parties for client trading, and an interest in maximising trading volume that runs against the client's interest in low costs.

Consent in advance1 clause flagged

Signing up consents to Purple Trading dealing with you in any manner it considers appropriate, even where it has a conflict of interest or a material interest in the transaction, without telling you first.

Why this matters

You waive the warning before you know what it would have said. The policy admits AXSE may be paid by third parties for your trading and that its interest in trading volume runs against your interest in low costs.

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, p.7
Read from the broker's site on Open the reference

No compensation scheme, and a clause that lets your deposit be pledged

AXSE Brokerage Ltd. holds Seychelles licence SD041, and its own disclaimer says MiFID II does not apply and there is no investor compensation scheme. The homepage says client funds are held in segregated accounts, while clause VII.9 has you authorise AXSE to use those funds as collateral to third party service providers. The Conflicts of Interest Policy cites a different licence number, 271/15, from the rest of the set.

Who holds the money1 clause flagged

Every document in the set carries Seychelles licence SD041 in its footer. The Conflicts of Interest Policy opens by naming licence number 271/15 instead, and that number appears nowhere else.

Why this matters

One of the policies you agree to describes a differently licensed firm. Check any licence claim against the Seychelles register yourself rather than against the footer of a PDF.

Exhibit 16NoticeStandard wording

AXSE Brokerage Ltd. (hereinafter, the “Company”) is a Securities Dealer regulated by the Financial Services Authority of Seychelles (hereinafter, “FSA”) with licence number 271/15.
Clause 1 in Conflicts of Interest Policy, p.1
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 says you can never lose more than you deposited, and the Terms make you liable for 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 block headed 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

Funds described as segregated on the homepage are ones the contract lets AXSE pledge to third parties.

Said in public, in English

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

Homepage block headed 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 site gives Purple Trading one business day to process a withdrawal, 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 table headed Conditions for Withdrawals

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.

The documents this reading is based on

12 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 .

Documents
12 of 12downloaded 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
14clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

AXSE Brokerage Ltd.

You contract with AXSE Brokerage Ltd., registration number 8424258-1, at Suite 3, Global Village, Jivan's Complex, Mont Fleuri, Mahe, Seychelles. It holds Seychelles Securities Dealer licence SD041 and trades as Purple Trading. The site's own disclaimer says AXSE is not part of the European financial regulatory framework, that MiFID II does not apply to it, and that there is no investor compensation scheme. That disclaimer mentions other entities within the group, but the Terms name only AXSE Brokerage Ltd. as your counterparty.

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.

In fairness, and what we could not check

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

The full legal set is public, linked from the site footer and downloadable without an account. The instrument specification matches the homepage pricing table, including gold at 1:100 and oil at 1:20, so the leverage a trader is shown is the leverage the document gives. The RAW commission of 5 USD per side sits on the same page as the spreads from 0.0 claim rather than buried in a PDF. Clause X.4 gives you one week of written notice before any fee change. The Order Execution Policy states plainly that AXSE acts as agent and is not the counterparty to your trades, which is more than most Seychelles brokers put in writing. The Complaint Handling Policy sets a 30 business day response target and names the Financial Services Authority Seychelles as an appeal route.

No earlier copy of the Terms and Conditions exists, so we could not tell what Version 8 changed. Five older documents match today's files exactly by fingerprint, so we checked them rather than read them again. The 2024 copy of the Conflicts of Interest Policy held no readable text and the older Referral Account Conditions could not be opened, so we did not read either. We did not see the account opening form, so we could not compare the countries it accepts against the restricted list the site publishes. Worth knowing: the Terms carry two effective dates for Version 8, the 20th October 2025 on the title page and the 9th October 2025 in the footer of all 33 pages, and the Conflicts of Interest Policy cites licence number 271/15 where every other document cites SD041.

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.

Back to the PURPLE TRADING profile