HYCM
Purple Trading
VS
Compare
HYCM
Capital at risk · T&Cs apply
In this comparison between HYCM and Purple Trading, we examine two brokers with distinct offerings tailored to different trader profiles. HYCM, with a deep-rooted history dating back to 1977, appeals to traders seeking a well-established broker with a strong regulatory framework and a comprehensive market presence. In contrast, Purple Trading, founded in 2016, targets cost-conscious traders favouring low entry barriers and those seeking advanced trading technology through its cTrader platform. While both brokers offer competitive spreads and leverage, their key differentiators lie in HYCM's extensive experience and Purple Trading's platform versatility.
HYCM
Purple Trading
| HYCM | Purple Trading | |
|---|---|---|
| BrokerRank Score | 3.4/5 | 3.5/5 ✓ |
| Min. Deposit | $100 ✓ | $25 |
| Spread from | 0.2 pips | 0.2 pips |
| Max Leverage | 1:500 | 1:500 |
| Regulation | FCA, CySEC, DFSA ✓ | CySEC, FCA |
| Platforms | MT4, MT5 | MT4, MT5, cTrader |
HYCM (3.4/5) and Purple Trading (3.5/5) are closely matched. HYCM has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowHYCM
WinnerPurple Trading
HYCM
Lower feesPurple Trading
HYCM
3.4/5
Choose HYCM if you want…
Purple Trading
3.5/5
Choose Purple Trading if you want…
HYCM (3.4/5) and Purple Trading (3.5/5) are closely matched on our independent rating scale. The better choice depends on your priorities — fees, regulation, platforms, or available markets. See the full comparison above.
HYCM offers spreads from 0.2 pips, while Purple Trading starts at 0.2 pips. Check the fees section above for a full breakdown.
HYCM requires a minimum deposit of $100. Purple Trading requires $25.
HYCM is regulated by FCA, CySEC, DFSA, while Purple Trading holds licences from CySEC, FCA.
HYCM supports MT4, MT5. 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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71% of Retail Traders Lose Money
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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.