FP Markets vs Purple Trading 2026: Which Broker is Better?
In the FP Markets vs Purple Trading comparison, key differences emerge in their target audiences and trading platforms. FP Markets, established in 2005, appeals to traders seeking competitive spreads from 0 pips and the integration of TradingView, making it ideal for advanced traders valuing comprehensive charting tools. Conversely, Purple Trading, founded in 2016, attracts beginners with its low minimum deposit of $25 and the availability of cTrader for ECN execution. Both brokers offer robust regulation, but their distinct features cater to diverse trading preferences.
FP Markets
Purple Trading
| FP Markets | Purple Trading | |
|---|---|---|
| BrokerRank Score | 3.8/5 ✓ | 3.5/5 |
| Min. Deposit | $100 ✓ | $25 |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:500 | 1:500 |
| Regulation | ASIC, CySEC | CySEC, FCA |
| Platforms | MT4, MT5, TradingView | MT4, MT5, cTrader |
FP Markets is the better choice overall, scoring 3.8/5 vs 3.5/5 on BrokerRank's independent rating. On fees, FP Markets offers lower spreads (0 pips).
See full side-by-side comparison belowFP Markets vs Purple Trading: Key Differences
FP Markets
WinnerPurple Trading
Still deciding between FP Markets and Purple Trading?
Skip the back-and-forth — answer 4 quick questions and we'll match you to your best fit.
Fees Comparison
FP Markets
Lower feesPurple Trading
BrokerRank Verdict
Who Should Choose Which?
FP Markets
3.8/5
Choose FP Markets if you want…
- Higher overall rating (3.8/5)
- Tighter spreads (from 0 pips)
- More established (est. 2005)
- More platforms (4 supported)
Purple Trading
3.5/5
Choose Purple Trading if you want…
- Lower minimum deposit ($25)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both FP Markets & Purple Trading are available in
Frequently Asked Questions
1Is FP Markets better than Purple Trading?
FP Markets scores higher overall on our independent rating system. FP Markets 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.
2Which has lower fees, FP Markets or Purple Trading?
FP Markets offers spreads from 0 pips, while Purple Trading starts at 0.2 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for FP Markets vs Purple Trading?
FP Markets requires a minimum deposit of $100. Purple Trading requires $25.
4Which broker is safer, FP Markets or Purple Trading?
FP Markets is regulated by ASIC, CySEC, while Purple Trading holds licences from CySEC, FCA.
5What trading platforms do FP Markets and Purple Trading support?
FP Markets supports MT4, MT5, TradingView, Proprietary Mobile. Purple Trading supports MT4, MT5, cTrader.
6Can I use both FP Markets and Purple Trading?
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.
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