Fidelity
Purple Trading
VS
Higher Rated
Fidelity
Capital at risk · T&Cs apply
In the competitive landscape of online trading, Fidelity and Purple Trading cater to distinct trader profiles with their unique offerings. Fidelity, with its long-standing reputation and $11 trillion in assets under management, appeals to investors seeking a robust platform for trading US stocks and ETFs, benefiting from zero commissions and excellent research tools. In contrast, Purple Trading, regulated by CySEC and FCA, is better suited for forex and CFD traders looking for high leverage options and the flexibility of popular platforms like MT4, MT5, and cTrader. While Fidelity focuses on a US-centric market without crypto options, Purple Trading offers a broader international reach and includes cryptocurrency trading, making it a versatile choice for more experienced traders.
Fidelity
Purple Trading
| Fidelity | Purple Trading | |
|---|---|---|
| BrokerRank Score | 3.6/5 ✓ | 3.5/5 |
| Min. Deposit | $0 ✓ | $25 |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:2 | 1:500 ✓ |
| Regulation | SEC, CFTC | CySEC, FCA |
| Platforms | Proprietary Web, Proprietary Mobile | MT4, MT5, cTrader |
Fidelity is the better choice overall, scoring 3.6/5 vs 3.5/5 on BrokerRank's independent rating. On fees, Fidelity offers lower spreads (0 pips).
See full side-by-side comparison belowFidelity
WinnerPurple Trading
Fidelity
Lower feesPurple Trading
Fidelity
3.6/5
Choose Fidelity if you want…
Purple Trading
3.5/5
Choose Purple Trading if you want…
Fidelity scores higher overall on our independent rating system. Fidelity 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.
Fidelity offers spreads from 0 pips, while Purple Trading starts at 0.2 pips. Check the fees section above for a full breakdown.
Fidelity requires a minimum deposit of $0. Purple Trading requires $25.
Fidelity is regulated by SEC, CFTC, while Purple Trading holds licences from CySEC, FCA.
Fidelity supports 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.
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.