Monex
Purple Trading
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Compare
Monex
Capital at risk · T&Cs apply
In this comparison of Monex and Purple Trading, we explore two brokers that cater to distinct trader profiles. Monex, established in 1999 and headquartered in Tokyo, appeals mainly to investors seeking a well-regulated platform with a global reach, offering a diverse range of markets including stocks, ETFs, cryptocurrencies, and forex. In contrast, Purple Trading, founded in 2016 in Limassol, Cyprus, targets forex and CFD traders who favour high leverage and advanced trading platforms like MT4, MT5, and cTrader. The key difference lies in Monex's international focus and extensive regulatory oversight compared to Purple Trading's appeal with its low minimum deposit and sophisticated trading tools.
Monex
Purple Trading
| Monex | Purple Trading | |
|---|---|---|
| BrokerRank Score | 3.4/5 | 3.5/5 ✓ |
| Min. Deposit | $0 ✓ | $25 |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:3 | 1:500 ✓ |
| Regulation | FSA, SEC | CySEC, FCA |
| Platforms | Proprietary Web, Proprietary Mobile, TradeStation JP | MT4, MT5, cTrader |
Monex (3.4/5) and Purple Trading (3.5/5) are closely matched. Monex has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowMonex
WinnerPurple Trading
Monex
Lower feesPurple Trading
Monex
3.4/5
Choose Monex if you want…
Purple Trading
3.5/5
Choose Purple Trading if you want…
Monex (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.
Monex offers spreads from 0 pips, while Purple Trading starts at 0.2 pips. Check the fees section above for a full breakdown.
Monex requires a minimum deposit of $0. Purple Trading requires $25.
Monex is regulated by FSA, SEC, while Purple Trading holds licences from CySEC, FCA.
Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP. 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.