AvaTrade
Purple Trading
VS
Higher Rated
AvaTrade
Capital at risk · T&Cs apply
In the competitive landscape of online trading, AvaTrade and Purple Trading stand out as distinct choices for traders with different priorities. AvaTrade, established in 2006 and headquartered in Dublin, Ireland, is well-suited for beginners and those who value extensive educational resources and commission-free trading, although it charges wider spreads than ECN brokers. In contrast, the relatively newer Purple Trading, based in Cyprus and regulated by CySEC and the FCA, attracts experienced traders with its low spreads, ECN execution, and the availability of the cTrader platform. While both brokers offer comprehensive market access, AvaTrade's focus on education and Purple Trading's emphasis on competitive pricing highlight their appeal to different trader profiles.
AvaTrade
Purple Trading
| AvaTrade | Purple Trading | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 3.5/5 |
| Min. Deposit | $100 ✓ | $25 |
| Spread from | 0.9 pips | 0.2 pips ✓ |
| Max Leverage | 1:400 | 1:500 ✓ |
| Regulation | FCA, ASIC, MAS ✓ | CySEC, FCA |
| Platforms | MT4, MT5, Proprietary Mobile | MT4, MT5, cTrader |
AvaTrade is the better choice overall, scoring 4.0/5 vs 3.5/5 on BrokerRank's independent rating. On fees, Purple Trading offers lower spreads (0.2 pips).
See full side-by-side comparison belowAvaTrade
WinnerPurple Trading
AvaTrade
Purple Trading
AvaTrade
4.0/5
Choose AvaTrade if you want…
Purple Trading
3.5/5
Choose Purple Trading if you want…
AvaTrade scores higher overall on our independent rating system. AvaTrade holds a 4.0/5 rating vs Purple Trading's 3.5/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
AvaTrade offers spreads from 0.9 pips, while Purple Trading starts at 0.2 pips. Check the fees section above for a full breakdown.
AvaTrade requires a minimum deposit of $100. Purple Trading requires $25.
AvaTrade is regulated by FCA, ASIC, MAS, while Purple Trading holds licences from CySEC, FCA.
AvaTrade supports MT4, MT5, Proprietary Mobile. Purple Trading supports MT4, MT5, cTrader.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
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71% of Retail Traders Lose Money
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76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.