City Index
Purple Trading
VS
Higher Rated
City Index
Capital at risk · T&Cs apply
City Index and Purple Trading are two distinct brokerage firms catering to different types of traders. City Index, founded in 1983 and headquartered in London, is ideal for traders seeking a well-established broker with over 13,500 markets and strong research capabilities, although it only offers CFDs, meaning no real asset ownership. In contrast, Purple Trading, based in Cyprus and founded in 2016, appeals to traders looking for a broker with ECN execution and a variety of platforms, including cTrader, despite having a smaller range of instruments and fewer educational resources. The key difference lies in City Index's extensive market experience and comprehensive market offerings versus Purple Trading's lower entry barriers and advanced trading platforms.
City Index
Purple Trading
| City Index | Purple Trading | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.5/5 |
| Min. Deposit | $0 ✓ | $25 |
| Spread from | 0.5 pips | 0.2 pips ✓ |
| Max Leverage | 1:200 | 1:500 ✓ |
| Regulation | FCA, ASIC, MAS ✓ | CySEC, FCA |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | MT4, MT5, cTrader |
City Index is the better choice overall, scoring 4.1/5 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 belowCity Index
WinnerPurple Trading
City Index
Purple Trading
City Index
4.1/5
Choose City Index if you want…
Purple Trading
3.5/5
Choose Purple Trading if you want…
City Index scores higher overall on our independent rating system. City Index holds a 4.1/5 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.
City Index offers spreads from 0.5 pips, while Purple Trading starts at 0.2 pips. Check the fees section above for a full breakdown.
City Index requires a minimum deposit of $0. Purple Trading requires $25.
City Index is regulated by FCA, ASIC, MAS, while Purple Trading holds licences from CySEC, FCA.
City Index supports Proprietary Web, Proprietary Mobile, MT4. 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.