Deriv
Purple Trading
VS
Higher Rated
Deriv
Capital at risk · T&Cs apply
In comparing Deriv and Purple Trading, a key distinction is their approach to trading platforms and product offerings. Deriv, with its proprietary web and mobile platforms, caters to traders interested in unique products like multipliers and accumulators, appealing particularly to those who favour innovative trading strategies and low initial deposits. Conversely, Purple Trading’s appeal lies in its use of the popular MT4, MT5, and cTrader platforms with ECN execution, making it more suitable for traders seeking a traditional and robust trading experience with a focus on forex and stock CFDs. Both brokers are regulated by the FCA, but they differ in their range of instruments and trading conditions.
Deriv
Purple Trading
| Deriv | Purple Trading | |
|---|---|---|
| BrokerRank Score | 3.8/5 ✓ | 3.5/5 |
| Min. Deposit | $5 | $25 ✓ |
| Spread from | 0.5 pips | 0.2 pips ✓ |
| Max Leverage | 1:1000 ✓ | 1:500 |
| Regulation | FCA, MAS | CySEC, FCA |
| Platforms | MT5, Proprietary Web, Proprietary Mobile | MT4, MT5, cTrader |
Deriv is the better choice overall, scoring 3.8/5 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 belowDeriv
WinnerPurple Trading
Deriv
Purple Trading
Deriv
3.8/5
Choose Deriv if you want…
Purple Trading
3.5/5
Choose Purple Trading if you want…
Deriv scores higher overall on our independent rating system. Deriv holds a 3.8/5 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.
Deriv offers spreads from 0.5 pips, while Purple Trading starts at 0.2 pips. Check the fees section above for a full breakdown.
Deriv requires a minimum deposit of $5. Purple Trading requires $25.
Deriv is regulated by FCA, MAS, while Purple Trading holds licences from CySEC, FCA.
Deriv supports MT5, Proprietary Web, 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.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.