Futu (Moomoo)
Purple Trading
VS
Higher Rated
Futu (Moomoo)
Capital at risk · T&Cs apply
In the realm of online trading, Futu (Moomoo) and Purple Trading present distinct offerings tailored to different types of traders. Futu, with its zero-commission trading on US stocks and advanced market data, appeals to investors seeking a comprehensive platform for stock and options trading, particularly in US, Hong Kong, and Singapore markets. In contrast, Purple Trading caters more to forex and CFD traders, leveraging its ECN execution and offering popular platforms like MT4 and MT5. While Futu is optimal for traders interested in a wide range of markets and social trading features, Purple Trading attracts those who prioritise low entry barriers and high leverage opportunities.
Futu (Moomoo)
Purple Trading
| Futu (Moomoo) | Purple Trading | |
|---|---|---|
| BrokerRank Score | 3.7/5 ✓ | 3.5/5 |
| Min. Deposit | $0 ✓ | $25 |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:5 | 1:500 ✓ |
| Regulation | SFC, SEC, MAS ✓ | CySEC, FCA |
| Platforms | Moomoo, Futu NiuNiu | MT4, MT5, cTrader |
Futu (Moomoo) is the better choice overall, scoring 3.7/5 vs 3.5/5 on BrokerRank's independent rating. On fees, Futu (Moomoo) offers lower spreads (0 pips).
See full side-by-side comparison belowFutu (Moomoo)
WinnerPurple Trading
Futu (Moomoo)
Lower feesPurple Trading
Futu (Moomoo)
3.7/5
Choose Futu (Moomoo) if you want…
Purple Trading
3.5/5
Choose Purple Trading if you want…
Futu (Moomoo) scores higher overall on our independent rating system. Futu (Moomoo) holds a 3.7/5 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.
Futu (Moomoo) offers spreads from 0 pips, while Purple Trading starts at 0.2 pips. Check the fees section above for a full breakdown.
Futu (Moomoo) requires a minimum deposit of $0. Purple Trading requires $25.
Futu (Moomoo) is regulated by SFC, SEC, MAS, while Purple Trading holds licences from CySEC, FCA.
Futu (Moomoo) supports Moomoo, Futu NiuNiu. 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.