FXCM
Purple Trading
VS
Higher Rated
FXCM
Capital at risk · T&Cs apply
In this FXCM vs Purple Trading comparison, we delve into the key differences that set these brokers apart. FXCM, backed by over 25 years of industry experience, appeals to traders seeking low spreads and a robust proprietary platform, but it may disappoint those looking for a broader product range. Purple Trading, on the other hand, attracts traders interested in ECN execution and a wider variety of platforms, including cTrader, though its relatively short track record and limited educational resources might be a consideration for some. Both brokers are regulated by the FCA, ensuring a level of trust and security for UK traders.
FXCM
Purple Trading
| FXCM | Purple Trading | |
|---|---|---|
| BrokerRank Score | 3.7/5 ✓ | 3.5/5 |
| Min. Deposit | $50 | $25 ✓ |
| Spread from | 0.2 pips | 0.2 pips |
| Max Leverage | 1:400 | 1:500 ✓ |
| Regulation | FCA, ASIC | CySEC, FCA |
| Platforms | MT4, Proprietary Web, Proprietary Mobile | MT4, MT5, cTrader |
FXCM is the better choice overall, scoring 3.7/5 vs 3.5/5 on BrokerRank's independent rating. On fees, FXCM offers lower spreads (0.2 pips).
See full side-by-side comparison belowFXCM
WinnerPurple Trading
FXCM
Lower feesPurple Trading
FXCM
3.7/5
Choose FXCM if you want…
Purple Trading
3.5/5
Choose Purple Trading if you want…
FXCM scores higher overall on our independent rating system. FXCM 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.
FXCM offers spreads from 0.2 pips, while Purple Trading starts at 0.2 pips. Check the fees section above for a full breakdown.
FXCM requires a minimum deposit of $50. Purple Trading requires $25.
FXCM is regulated by FCA, ASIC, while Purple Trading holds licences from CySEC, FCA.
FXCM supports MT4, 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.