IC Markets
Purple Trading
VS
Higher Rated
IC Markets
Capital at risk · T&Cs apply
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
Purple Trading
IC Markets
Purple Trading
IC Markets
3.9/5
Choose IC Markets if you want…
Purple Trading
3.5/5
Choose Purple Trading if you want…
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.
IC Markets offers spreads from 0 pips, while Purple Trading starts at 0.2 pips. Check the fees section above for a full breakdown.
IC Markets requires a minimum deposit of $200. Purple Trading requires $25.
IC Markets is regulated by ASIC, CySEC, while Purple Trading holds licences from CySEC, FCA.
IC Markets supports MT4, MT5, TradingView, 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.