CMC Markets
Purple Trading
VS
Higher Rated
CMC Markets
Capital at risk · T&Cs apply
In the competitive landscape of online trading, CMC Markets and Purple Trading present distinct offerings tailored to different types of traders. CMC Markets, with its strong regulatory profile and award-winning Next Generation platform, appeals to those seeking a comprehensive range of over 10,000 instruments and the flexibility of no minimum deposit. Conversely, Purple Trading, established in 2016 and offering a variety of platforms including cTrader, is better suited for traders prioritising lower spreads and ECN execution, although it requires a minimum deposit of $25. The key difference lies in CMC Markets' extensive market reach and Purple Trading's focus on cost-effective trading conditions.
CMC Markets
Purple Trading
| CMC Markets | Purple Trading | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 3.5/5 |
| Min. Deposit | $0 ✓ | $25 |
| Spread from | 0.7 pips | 0.2 pips ✓ |
| Max Leverage | 1:500 | 1:500 |
| Regulation | FCA, ASIC, MAS ✓ | CySEC, FCA |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | MT4, MT5, cTrader |
CMC Markets 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 belowCMC Markets
WinnerPurple Trading
CMC Markets
Purple Trading
CMC Markets
4.0/5
Choose CMC Markets if you want…
Purple Trading
3.5/5
Choose Purple Trading if you want…
CMC Markets scores higher overall on our independent rating system. CMC Markets 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.
CMC Markets offers spreads from 0.7 pips, while Purple Trading starts at 0.2 pips. Check the fees section above for a full breakdown.
CMC Markets requires a minimum deposit of $0. Purple Trading requires $25.
CMC Markets is regulated by FCA, ASIC, MAS, while Purple Trading holds licences from CySEC, FCA.
CMC Markets 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
BrokerRank Research — Hidden costs across 345 brokers
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.