HFM
Purple Trading
VS
Higher Rated
HFM
Capital at risk · T&Cs apply
When comparing HFM and Purple Trading, the primary distinction lies in their leverage offerings and target trader profiles. HFM appeals to high-risk, high-reward traders with its exceptionally high maximum leverage of 1:2000 and attractive low minimum deposit of $5, making it ideal for those with limited initial capital. In contrast, Purple Trading caters to traders who prefer a more conservative approach, with a maximum leverage of 1:500 and the added benefit of cTrader platform support, appealing to those who prioritise ECN execution and a slightly higher initial deposit. Both brokers are based in Limassol, Cyprus, and maintain strong regulatory credentials, ensuring a secure trading environment.
HFM
Purple Trading
| HFM | Purple Trading | |
|---|---|---|
| BrokerRank Score | 3.8/5 ✓ | 3.5/5 |
| Min. Deposit | $5 | $25 ✓ |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:2000 ✓ | 1:500 |
| Regulation | FCA, CySEC, FSCA ✓ | CySEC, FCA |
| Platforms | MT4, MT5, Proprietary Mobile | MT4, MT5, cTrader |
HFM is the better choice overall, scoring 3.8/5 vs 3.5/5 on BrokerRank's independent rating. On fees, HFM offers lower spreads (0 pips).
See full side-by-side comparison belowHFM
WinnerPurple Trading
HFM
Lower feesPurple Trading
HFM
3.8/5
Choose HFM if you want…
Purple Trading
3.5/5
Choose Purple Trading if you want…
Similar strengths to HFM — compare below.
HFM scores higher overall on our independent rating system. HFM 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.
HFM offers spreads from 0 pips, while Purple Trading starts at 0.2 pips. Check the fees section above for a full breakdown.
HFM requires a minimum deposit of $5. Purple Trading requires $25.
HFM is regulated by FCA, CySEC, FSCA, while Purple Trading holds licences from CySEC, FCA.
HFM supports MT4, MT5, 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.