Eightcap
Purple Trading
VS
Higher Rated
Eightcap
Capital at risk · T&Cs apply
In this broker comparison, we evaluate Eightcap and Purple Trading, two well-regarded platforms with distinct offerings. Eightcap, based in Melbourne and regulated by ASIC and FCA, is known for its low spreads and crypto CFD trading, appealing primarily to experienced traders seeking raw spread accounts and high leverage. On the other hand, Purple Trading, headquartered in Cyprus and offering the cTrader platform, attracts traders with its lower minimum deposit and ECN execution model, making it suitable for those new to trading or with limited initial capital. Both brokers provide robust regulatory oversight, yet they differ in platform offerings and account features, catering to varied trading preferences.
Eightcap
Purple Trading
| Eightcap | Purple Trading | |
|---|---|---|
| BrokerRank Score | 3.6/5 ✓ | 3.5/5 |
| Min. Deposit | $100 ✓ | $25 |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:500 | 1:500 |
| Regulation | ASIC, FCA, CySEC ✓ | CySEC, FCA |
| Platforms | MT4, MT5 | MT4, MT5, cTrader |
Eightcap is the better choice overall, scoring 3.6/5 vs 3.5/5 on BrokerRank's independent rating. On fees, Eightcap offers lower spreads (0 pips).
See full side-by-side comparison belowEightcap
WinnerPurple Trading
Eightcap
Purple Trading
Eightcap
3.6/5
Choose Eightcap if you want…
Purple Trading
3.5/5
Choose Purple Trading if you want…
Eightcap scores higher overall on our independent rating system. Eightcap 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.
Eightcap offers spreads from 0 pips, while Purple Trading starts at 0.2 pips. Check the fees section above for a full breakdown.
Eightcap requires a minimum deposit of $100. Purple Trading requires $25.
Eightcap is regulated by ASIC, FCA, CySEC, while Purple Trading holds licences from CySEC, FCA.
Eightcap supports MT4, MT5. 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.