IC Markets vs Purple Trading 2026: Which Broker is Better?
In the broker comparison of IC Markets and Purple Trading, the key difference lies in their target trader profiles and platform offerings. IC Markets, established in 2007 and regulated by ASIC and CySEC, appeals to experienced traders seeking ultra-low spreads from 0.0 pips and fast execution across a wide range of markets. In contrast, Purple Trading, regulated by CySEC and FCA, is ideal for beginners or budget-conscious traders due to its low minimum deposit requirement of $25 and offering of the cTrader platform. Both brokers provide robust trading environments, but IC Markets is more suited for those prioritising speed and spread, while Purple Trading offers accessibility and flexibility with its diverse platform options.
IC Markets
Purple Trading
| IC Markets | Purple Trading | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.5/5 |
| Min. Deposit | $200 ✓ | $25 |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:500 | 1:500 |
| Regulation | ASIC, CySEC | CySEC, FCA |
| Platforms | MT4, MT5, TradingView | MT4, MT5, cTrader |
IC Markets is the better choice overall, scoring 3.9/5 vs 3.5/5 on BrokerRank's independent rating. On fees, IC Markets offers lower spreads (0 pips).
See full side-by-side comparison belowIC Markets vs Purple Trading: Key Differences
IC Markets
Purple Trading
Still deciding between IC Markets and Purple Trading?
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Fees Comparison
IC Markets
Purple Trading
BrokerRank Verdict
Who Should Choose Which?
IC Markets
3.9/5
Choose IC Markets if you want…
- Higher overall rating (3.9/5)
- Tighter spreads (from 0 pips)
- More established (est. 2007)
- More platforms (4 supported)
Purple Trading
3.5/5
Choose Purple Trading if you want…
- Lower minimum deposit ($25)
Also consider
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Both IC Markets & Purple Trading are available in
Frequently Asked Questions
1Is IC Markets better than Purple Trading?
IC Markets scores higher overall on our independent rating system. IC Markets holds a 3.9/5 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.
2Which has lower fees, IC Markets or Purple Trading?
IC Markets offers spreads from 0 pips, while Purple Trading starts at 0.2 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for IC Markets vs Purple Trading?
IC Markets requires a minimum deposit of $200. Purple Trading requires $25.
4Which broker is safer, IC Markets or Purple Trading?
IC Markets is regulated by ASIC, CySEC, while Purple Trading holds licences from CySEC, FCA.
5What trading platforms do IC Markets and Purple Trading support?
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. Purple Trading supports MT4, MT5, cTrader.
6Can I use both IC Markets and Purple Trading?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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