Top 7 Prop Firms Using Purple Trading in 2024

In the dynamic trading sector, Purple Trading stands out by empowering prop firms with cutting-edge features tailored to modern traders. This blog provides a detailed comparison of leading prop firms using Purple Trading, showcasing their distinct features and advantages. This will help you choose the ideal platform to advance your trading career.

What is Purple Trading?

Purple Trading, founded by Czech and Slovak trading enthusiasts, is a professional international broker committed to providing fair business conditions and state-of-the-art technologies. As a regulated STP broker, Purple Trading offers only trading accounts with variable spreads, ensuring that all trades from real account clients are directly sent to the interbank market. The broker facilitates trading on financial markets with a focus on transparency and partnership, offering four distinct account types including a commission-free STP account and a commission-based ECN account. Clients have access to trade a wide range of instruments such as CFDs, currency pairs, and ETFs.

Top 7 Prop Firms that Use Purple Trading

1. MyFundedFX

myfundedfx purple trading

MyFundedFX: Empowering Retail Traders with Comprehensive Trading Solutions

MyFundedFX, founded in June 2022 and headquartered in the United States, has established itself as a significant player in the prop trading industry. Led by CEO Matthew Leech, the firm collaborates with top brokers like ThinkMarkets, Purple Trading SC, and MatchTrade to provide a robust trading experience.

Key Features of MyFundedFX:

  • Diverse Broker Partnerships: MyFundedFX partners with ThinkMarkets, Purple Trading SC, and MatchTrade, ensuring a wide range of trading platforms including DXTrade, cTrader, and Match-Trader.
  • Variety of Trading Instruments: Traders can access Forex, Metals, Commodities, Indices, and Cryptocurrencies (BTC, BCH, LTC, ETH).
  • Flexible Account Options:
    • 2-Step Normal Accounts: Offering account sizes from 5K to 300K with varying profit targets and drawdown limits.
    • 1-Step Max Accounts: Providing simplified evaluation with higher leverage and static drawdown.
    • 3-Step Normal Accounts: For those seeking a more gradual evaluation process with multiple steps.
  • Competitive Pricing and Profit Splits: MyFundedFX offers competitive pricing, with profit splits up to 80%.
  • Advanced Trading Features: The firm supports Expert Advisors (EAs), copy trading, and news trading (with some restrictions).
  • Frequent Payouts: Traders can receive payouts every 14 days, ensuring regular access to profits.
  • High Trust Pilot Rating: With a Trust Pilot rating of 4.3, MyFundedFX has garnered positive reviews from its user base.

What Makes MyFundedFX Stand Out?

MyFundedFX distinguishes itself with its commitment to empowering retail traders through flexible funding options, comprehensive educational resources, and partnerships with leading brokers. The firm’s focus on providing a supportive trading environment and innovative evaluation programs makes it a top choice for traders at all levels.

Recommendation

We recommend MyFundedFX for traders looking for a versatile prop firm with strong broker partnerships and a focus on trader growth. With transparent policies, diverse account options, and frequent payout schedules, MyFundedFX offers an ideal environment for both new and experienced traders. For a more complete review of MyFundedFX, including details of their program and features, check out the following link.

2. FundYourFX

image 37

FundYourFX: Disrupting the Prop Trading Market with Innovation and Social Responsibility

FundYourFX, established in 2021 and headquartered in Hong Kong, has rapidly garnered commendable reviews on Trustpilot, TrustIndex, and Google Reviews. Already in 2023, they’ve won awards for “Best Instant Funding Prop Firm” and “Best Customer Service,” marking their stamp of excellence in the industry. FundYourFX partners with Purple Trading to offer a robust trading experience.

Key Features of FundYourFX:

  • Partnership with Purple Trading: FundYourFX collaborates with Purple Trading to ensure traders have access to a reliable and efficient trading environment.
  • Diverse Funding Programs:
    • Starter Plan: $250 fee (refundable) for a $7,000 account, scalable up to $500,000, with up to a 90% profit share.
    • Standard Plan: $375 fee (refundable) for a $15,000 account, scalable up to $1 million, with up to a 90% profit share.
    • Professional Plan: $697 fee (refundable) for a $30,000 account, scalable up to $2 million, with up to a 90% profit share.
  • No Challenge Requirement: FundYourFX offers immediate access to live trading accounts without the need for an evaluation challenge. Traders can start trading in less than 24 hours after payment.
  • Wide Range of Tradable Assets: Forex, cryptocurrencies, commodities, and indices, providing diverse trading opportunities.
  • Flexible Trading Rules: The firm allows news trading and overnight/weekend positions. Stop-loss is not mandatory.
  • User-Friendly Dashboard: The dashboard provides an overview of trading metrics, open positions, and rule adherence. It also features an integrated economic calendar and easy withdrawal requests.
  • High Trust Pilot Rating: FundYourFX has received positive reviews, boasting a high rating on Trustpilot.

What Makes FundYourFX Stand Out?

FundYourFX sets itself apart by offering a unique charitable initiative, flexible funding programs, and immediate access to trading without an evaluation challenge. Their commitment to social responsibility, innovative funding options, and comprehensive support make them a top choice for traders looking for both profitability and a positive social impact.

Recommendation

We recommend FundYourFX for traders who value flexibility, immediate trading access, and the opportunity to contribute to charitable causes. With their transparent fee structure, diverse account options, and strong support system, FundYourFX provides an ideal environment for traders at all levels. For a more complete review of FundYourFX, including details of their programs and features, check out this FundYourFX review.

3. E8 Markets

image 39

E8 Markets: A Premier Prop Trading Firm with a Focus on Excellence

E8 Markets, established in November 2021 and headquartered in the United States, has quickly become a standout in the prop trading industry. Led by CEO Dylan Elchami, E8 Markets collaborates with Purple Trading to provide a top-tier trading experience.

Key Features of E8 Markets:

  • Partnership with Purple Trading: E8 Markets ensures traders have access to reliable and efficient trading environments through their partnership with Purple Trading.
  • Diverse Trading Instruments: Traders can access Forex, Commodities, Indexes, and Cryptocurrencies.
  • Flexible Account Options:
    • E8 Track (3-Steps 25K): $138 fee, 25K account size, 80% profit split + 5% bonus on first payout, profit targets of 8% (Phase 1) and 4% (Phase 2 and 3), with a max daily loss of 4% and total drawdown of 8%.
    • E8 Account (2-Steps 100K): $588 fee, 100K account size, 80% profit split + 5% bonus on first payout, profit targets of 8% (Phase 1) and 4% (Phase 2), with a max daily loss of 4% and total drawdown of 8%.
    • E8 One (1-Step 25K): $188 fee, 25K account size, 80% profit split + 5% bonus on first payout, profit target of 10%, with a max daily loss of 4% and total drawdown of 6%.
  • Advanced Trading Features: Supports Expert Advisors (EAs), copy trading, and news trading (with restrictions during high-impact news for funded accounts).
  • High Trust Pilot Rating: With a Trust Pilot rating of 4.7, E8 Markets has received positive reviews from its user base.

What Makes E8 Markets Stand Out?

E8 Markets stands out due to its flexible account options, strong partnership with Purple Trading, and immediate access to trading without an evaluation challenge. The firm’s commitment to providing a supportive trading environment and advanced features makes it a top choice for traders.

Recommendation

We recommend E8 Markets for traders seeking a prop firm with strong broker partnerships, flexible funding options, and advanced trading features. With their transparent policies, diverse account options, and a focus on trader support, E8 Markets offers an ideal environment for traders at all levels. For a more complete review of E8 Markets, including details of their programs and features, check out the following link.

4. Blue Guardian

image 40

Blue Guardian: A Leading Prop Trading Firm

Blue Guardian, established in June 2021 and headquartered in the United Arab Emirates, offers a comprehensive trading experience for traders worldwide. Led by CEO Sean Bainton, Blue Guardian partners with Purple Trading to ensure traders have access to reliable and advanced trading platforms.

Key Features of Blue Guardian:

  • Partnership with Purple Trading: Blue Guardian utilizes Purple Trading to provide a seamless trading environment.
  • Diverse Trading Instruments: Access to FX, FX Exotics, Indices, Gold & Commodities, and Cryptos.
  • Flexible Account Options:
    • 3 Phase Challenge (3-Steps 200K): $667 fee, 200K account size, 85% profit split, profit targets of 6% (Phase 1), 6% (Phase 2), and 6% (Phase 3), with a max daily loss of 4% and total drawdown of 8%.
    • Unlimited Guardian (2-Steps 25K): $187 fee, 25K account size, 85% profit split, profit targets of 8% (Phase 1) and 4% (Phase 2), with a max daily loss of 4% and total drawdown of 8%.
    • Rapid Guardian (1-Step 100K): $497 fee, 100K account size, 85% profit split, profit target of 10%, with a max daily loss of 4% and total drawdown of 6%.
  • Advanced Trading Features: Supports Expert Advisors (EAs), copy trading, and news trading (with restrictions during high-impact news for funded accounts).
  • High Trust Pilot Rating: With a Trust Pilot rating of 4.4, Blue Guardian has received positive feedback from its users.

What Makes Blue Guardian Stand Out?

Blue Guardian stands out due to its diverse account options, strong partnership with Purple Trading, and flexible funding programs. The firm’s commitment to providing a supportive trading environment and advanced features makes it a top choice for traders.

Recommendation

We recommend Blue Guardian for traders seeking a prop firm with reliable broker partnerships, flexible funding options, and advanced trading features. With their transparent policies, diverse account options, and a focus on trader support, Blue Guardian offers an ideal environment for traders at all levels.

5. Alpine Funded

image 41

Alpine Funded: Pioneering Your Path to Trading Excellence

Alpine Funded, a Swiss-based modern prop trading firm, aims to empower traders by providing them with the financial backing and flexibility they need to succeed. Guided by co-founders Marco Hess and Alessandro Ciccone, Alpine Funded combines extensive market knowledge and innovative strategies to offer a unique trading experience.

Key Features of Alpine Funded:

  • Immediate Funding: No evaluation needed. Traders receive instant funding and can start trading immediately.
  • High Leverage: Up to 1:100 leverage with no stop-loss requirements.
  • Diverse Trading Instruments: Access to Forex, Commodities, Indices, and Cryptos.
  • Flexible Trading Conditions: Supports Expert Advisors (EAs) and news trading.
  • Advanced Account Upgrade Path: Traders can upgrade from Base Camp to Peak Funded Account by achieving a 13% profit.

What Makes Alpine Funded Stand Out?

Alpine Funded stands out due to its immediate funding options, high leverage, and lack of restrictive trading conditions. The firm’s commitment to trader support and flexible funding programs makes it an attractive choice for traders seeking growth and success.

Recommendation

We recommend Alpine Funded for traders looking for a prop firm with instant funding options, high leverage, and flexible trading conditions. With their supportive environment and innovative funding programs, Alpine Funded is an excellent choice for traders aiming to reach new heights in their trading careers.

6. Express Funded

image 42

Express Funded: Accelerating Your Financial Growth

Express Funded, with a strong presence in Ghana and South Africa, is a leading prop trading firm dedicated to helping traders achieve their financial goals. By partnering with Purple Trading SC, a top-tier regulated broker, Express Funded offers a world-class trading experience backed by advanced technology and competitive spreads.

Key Features of Express Funded:

  • Partnership with Purple Trading SC: Ensures a secure and advanced trading platform.
  • Diverse Account Options: Account sizes range from $5,000 to $200,000.
  • High Profit Share: Up to 90% profit share for traders.
  • Zero-Risk Trading: Offers a fee-back guarantee, covering losses.
  • Comprehensive Support: Provides round-the-clock customer support and resources.

What Makes Express Funded Stand Out?

Express Funded stands out due to its commitment to trader success through innovative funding programs and strong broker partnerships. The firm offers flexible account options, high-profit shares, and comprehensive support, making it an ideal choice for traders seeking growth and financial success.

Recommendation

We recommend Express Funded for traders looking for a prop firm with strong broker partnerships, flexible funding options, and a supportive trading environment. With their transparent policies, high-profit shares, and risk-free trading guarantees, Express Funded offers a compelling opportunity for traders at all levels.

7. AquaFunded

image 43

AquaFunded: Navigating Financial Waters with Confidence

AquaFunded, established in December 2023 and headquartered in the United Arab Emirates, is a forward-thinking prop trading firm dedicated to empowering traders. Led by CEO Jason Blax, AquaFunded partners with FinesseFX and Purple Trading Seychelles to provide top-tier trading platforms and resources.

Key Features of AquaFunded:

  • Partnership with Purple Trading Seychelles: AquaFunded utilizes Purple Trading Seychelles for a seamless trading environment.
  • Diverse Trading Instruments: Access to Forex, Indices, Commodities, and Crypto.
  • Advanced Trading Platforms: Supports DXtrade, cTrader, and TradeLocker.
  • High Profit Splits: Up to 90% profit share for traders.
  • Flexible Funding Programs: Various account sizes and challenge types to suit different trading styles.
  • Frequent Payouts: Traders can receive payouts every 14 days.

What Makes AquaFunded Stand Out?

AquaFunded stands out due to its diverse account options, strong partnership with Purple Trading Seychelles, and flexible funding programs. The firm’s commitment to providing a supportive trading environment and advanced features makes it a top choice for traders.

Recommendation

We recommend AquaFunded for traders seeking a prop firm with reliable broker partnerships, flexible funding options, and advanced trading features. With their transparent policies, diverse account options, and frequent payout schedules, AquaFunded offers an ideal environment for traders at all levels.

Comparison and Advantages

MyFundedFX

MyFundedFX partners with top brokers like ThinkMarkets, Purple Trading SC, and MatchTrade, offering a diverse range of trading platforms and instruments. Their flexible account options, competitive pricing, and profit splits up to 80% cater to traders seeking a versatile and supportive trading environment.

FundYourFX

FundYourFX stands out with its immediate access to live trading without an evaluation challenge and its innovative charitable initiative, donating 10% of profits to charity. Their partnership with Purple Trading ensures a robust trading experience, making it ideal for socially conscious traders.

E8 Markets

E8 Markets offers flexible account options and strong partnerships with brokers like Purple Trading. With diverse trading instruments and advanced trading features, E8 Markets provides a supportive trading environment and competitive profit splits, making it a top choice for traders seeking growth and flexibility.

Blue Guardian

Blue Guardian prioritizes realistic profit targets and conservative drawdowns, providing a secure and effective trading environment. Their partnership with Purple Trading and various account options make them suitable for traders focused on risk management and consistent growth.

Alpine Funded

Alpine Funded provides immediate funding without evaluation, high leverage, and flexible trading conditions. Their supportive environment, advanced trading features, and innovative upgrade path make them an attractive choice for traders aiming to reach new heights in their careers.

Express Funded

Express Funded offers a variety of funding programs and partners with Purple Trading SC to provide competitive trading conditions and high profit shares. Their zero-risk trading policy and comprehensive support make them a preferred choice for traders seeking financial growth and security.

AquaFunded

AquaFunded stands out with its diverse account options, high profit splits, and strong partnership with Purple Trading Seychelles. Their flexible funding programs and frequent payouts provide an ideal environment for traders seeking a supportive and advanced trading experience.

Prop Firm Assessment Checklist: Find Your Perfect Fit

Choosing the right prop firm is crucial for your trading success. Use this checklist to evaluate different firms and ensure they align with your goals:

Reputation & Reliability

  • Look for established firms with a solid track record in the industry.
  • Check online reviews and testimonials from other traders.

Trading Conditions

  • Compare leverage policies – higher leverage offers greater potential returns but also increases risk.
  • Evaluate spreads (commissions charged for each trade) – tighter spreads are generally better.
  • See what instruments (currencies, stocks, etc.) are available for trading.

Technology & Tools

  • Assess the trading platform provided by the firm. Platforms like Purple Trading offer advanced features that can enhance your trading experience.
  • Check for the availability of analytical tools to help you make informed decisions.

Risk Management

  • Understand how the firm manages risk. Look for features like stop-loss orders and drawdown limits.
  • Evaluate how the firm protects your capital.

Transparency & Fees

  • Ensure all fees and commissions are clearly outlined and easy to understand.
  • Beware of hidden costs or surprise charges.

Support & Education

  • Look for firms that offer educational resources and training materials to help you improve your skills.
  • Evaluate the quality of customer support available – fast and responsive support is vital during market hours.

By carefully considering these factors, you can find a prop firm that provides the ideal environment for you to thrive in the world of trading.

Conclusion

Choosing a prop firm that partners with Purple Trading provides significant benefits to traders. Purple Trading, with its advanced trading technology and trusted services, guarantees efficiency and safety in trading. Top firms such as MyFundedFX, FundYourFX, E8 Markets, Blue Guardian, Alpine Funded, Express Funded, and AquaFunded offer innovative programs tailored to the needs of modern traders, from quality educational support to competitive and flexible trading conditions. This information is particularly relevant for traders looking for a prop trading environment that supports long-term growth and success.

To explore more about the prop firms that Purple Trading partners with and get more guidance on choosing the right prop firm, visit Funded Trading for more information and comprehensive guidance on choosing the prop firm that’s right for you.

Start your successful trading journey today!

One Reply to “Top 7 Prop Firms Using Purple Trading in 2024”

Leave a Reply

Your email address will not be published.

You Might Interested
Skill Up, Scale Up. Showcase your expertise at PipFarm. Gain access to capital, manage risk through the "kill switch," and unlock progressive leverage for amplified returns in various markets.
Quantum Funding provides traders with capital up to $400,000 through a structured evaluation process, featuring realistic targets, flexible trading conditions, and an 80% profit split.
Alpine Funded offers instant funding and a clear 2-step challenge to get you trading capital (up to $2 million). Alpine Funded prioritizes simplicity and lets you keep up to 90% of your profits.
Forex Prop Firm offer 1-Step, 2-Step, and Instant Funding that allow traders to manage up to $10,000,000 in scaling and earn up to 100% of the profits.
Viva Funders offer 1-Step and 2-Step Evaluation Plans that allow traders to manage up to $500,000 in a Viva Funders Account and earn up to 100% of the profits.