FxOpen
Purple Trading
VS
Higher Rated
FxOpen
Capital at risk · T&Cs apply
In comparing FxOpen and Purple Trading, traders will find distinct differences that cater to varying needs. FxOpen, with its UK headquarters and FCA and ASIC regulation, appeals primarily to traders seeking a well-established broker with a minimal deposit requirement and access to the cTrader platform. In contrast, Purple Trading, based in Cyprus and regulated by CySEC and FCA, offers a broader range of instruments, appealing to those interested in stock trading alongside forex and CFDs. While FxOpen offers zero-pip spreads with a lower commission, Purple Trading provides competitive spreads from 0.2 pips, making it suitable for traders prioritising cost-effective trading conditions.
FxOpen
Purple Trading
| FxOpen | Purple Trading | |
|---|---|---|
| BrokerRank Score | 3.7/5 ✓ | 3.5/5 |
| Min. Deposit | $1 ✓ | $25 |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:500 | 1:500 |
| Regulation | FCA, ASIC | CySEC, FCA |
| Platforms | MT4, MT5, cTrader | MT4, MT5, cTrader |
FxOpen is the better choice overall, scoring 3.7/5 vs 3.5/5 on BrokerRank's independent rating. On fees, FxOpen offers lower spreads (0 pips).
See full side-by-side comparison belowFxOpen
WinnerPurple Trading
FxOpen
Lower feesPurple Trading
FxOpen
3.7/5
Choose FxOpen if you want…
Purple Trading
3.5/5
Choose Purple Trading if you want…
FxOpen scores higher overall on our independent rating system. FxOpen 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.
FxOpen offers spreads from 0 pips, while Purple Trading starts at 0.2 pips. Check the fees section above for a full breakdown.
FxOpen requires a minimum deposit of $1. Purple Trading requires $25.
FxOpen is regulated by FCA, ASIC, while Purple Trading holds licences from CySEC, FCA.
FxOpen supports MT4, MT5, cTrader. 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.