Axi
Purple Trading
VS
Higher Rated
Axi
Capital at risk · T&Cs apply
In the competitive landscape of online trading, Axi and Purple Trading stand out with distinct offerings tailored to different trader profiles. Axi, established in 2007 and regulated by ASIC and the FCA, appeals to experienced traders seeking competitive spreads starting from 0 pips and a robust copy trading platform, PsyQuation, despite its limited platform options. On the other hand, Purple Trading, launched in 2016 and regulated by CySEC and the FCA, attracts novice and intermediate traders with its low minimum deposit, diverse platform options including MT5 and cTrader, and ECN execution. The key difference lies in Axi's strong focus on forex with zero minimum deposit, while Purple Trading offers a broader platform choice with a small initial deposit requirement.
Axi
Purple Trading
| Axi | Purple Trading | |
|---|---|---|
| BrokerRank Score | 3.6/5 ✓ | 3.5/5 |
| Min. Deposit | $0 ✓ | $25 |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:500 | 1:500 |
| Regulation | ASIC, FCA | CySEC, FCA |
| Platforms | MT4, Proprietary Mobile | MT4, MT5, cTrader |
Axi is the better choice overall, scoring 3.6/5 vs 3.5/5 on BrokerRank's independent rating. On fees, Axi offers lower spreads (0 pips).
See full side-by-side comparison belowAxi
WinnerPurple Trading
Axi
Purple Trading
Axi
3.6/5
Choose Axi if you want…
Purple Trading
3.5/5
Choose Purple Trading if you want…
Axi scores higher overall on our independent rating system. Axi holds a 3.6/5 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.
Axi offers spreads from 0 pips, while Purple Trading starts at 0.2 pips. Check the fees section above for a full breakdown.
Axi requires a minimum deposit of $0. Purple Trading requires $25.
Axi is regulated by ASIC, FCA, while Purple Trading holds licences from CySEC, FCA.
Axi supports MT4, 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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58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
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.