InstaForex
Purple Trading
VS
Higher Rated
InstaForex
Capital at risk · T&Cs apply
InstaForex and Purple Trading cater to distinct trader profiles, offering varied advantages based on their regulatory frameworks and trading conditions. InstaForex, with a rating of 3.59/5, is particularly appealing to cost-conscious traders in the CIS and Asia due to its minimal deposit requirement of $1 and wide selection of over 300 trading instruments. In contrast, Purple Trading, rated 3.46/5, attracts traders seeking enhanced regulatory assurance and ECN execution, thanks to its CySEC and FCA regulation and the availability of the cTrader platform. While InstaForex offers a broader range of trading options, Purple Trading stands out for its stronger regulatory credentials and tighter spread offerings.
InstaForex
Purple Trading
| InstaForex | Purple Trading | |
|---|---|---|
| BrokerRank Score | 3.6/5 ✓ | 3.5/5 |
| Min. Deposit | $1 ✓ | $25 |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:1000 ✓ | 1:500 |
| Regulation | CySEC, FSA | CySEC, FCA |
| Platforms | MT4, MT5, Proprietary Mobile | MT4, MT5, cTrader |
InstaForex is the better choice overall, scoring 3.6/5 vs 3.5/5 on BrokerRank's independent rating. On fees, InstaForex offers lower spreads (0 pips).
See full side-by-side comparison belowInstaForex
WinnerPurple Trading
InstaForex
Lower feesPurple Trading
InstaForex
3.6/5
Choose InstaForex if you want…
Purple Trading
3.5/5
Choose Purple Trading if you want…
Similar strengths to InstaForex — compare below.
InstaForex scores higher overall on our independent rating system. InstaForex holds a 3.6/5 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.
InstaForex offers spreads from 0 pips, while Purple Trading starts at 0.2 pips. Check the fees section above for a full breakdown.
InstaForex requires a minimum deposit of $1. Purple Trading requires $25.
InstaForex is regulated by CySEC, FSA, while Purple Trading holds licences from CySEC, FCA.
InstaForex 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.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
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.