It can be any colour you want.
I suggest that neither IR nor UV are good choices as you can't see them
White is attractive but white LEDs require about 3.6 V, which is not going to work too well when you are checking 3.3 V logic chips. They might work, sort of. Red LEDs require about 1.2 V from memory.
Logic probes are much faster than multimeters, plus you can leave a few LEDs in the output screw terminals for a while.
I have some test boxes which consist of a numbered row of Red LEDs with a multi-core cable ending in a selection of Ezy-Hooks. I colour-coded the Ezy-Hooks to the resistor colour code. Hook the clips up, jiggle Mach3, watch the pretty lights flash.
Cheers
Roger