Plus500
Purple Trading
VS
Higher Rated
Plus500
Capital at risk · T&Cs apply
In the "Plus500 vs Purple Trading" broker comparison, the key distinction lies in their platform offerings and target trader profiles. Plus500, established in 2008, is ideal for beginners seeking a straightforward, commission-free trading experience with its proprietary platform, covering over 2,800 instruments. In contrast, Purple Trading, founded in 2016, appeals to more seasoned traders who prefer using advanced platforms like MT4, MT5, and cTrader, benefiting from tighter spreads and ECN execution. While Plus500 offers a wider range of instruments, Purple Trading provides a lower minimum deposit and higher leverage, making it attractive for traders with smaller initial capital.
Plus500
Purple Trading
| Plus500 | Purple Trading | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 3.5/5 |
| Min. Deposit | $100 ✓ | $25 |
| Spread from | 0.6 pips | 0.2 pips ✓ |
| Max Leverage | 1:300 | 1:500 ✓ |
| Regulation | FCA, CySEC, ASIC ✓ | CySEC, FCA |
| Platforms | Proprietary Web, Proprietary Mobile | MT4, MT5, cTrader |
Plus500 is the better choice overall, scoring 4.0/5 vs 3.5/5 on BrokerRank's independent rating. On fees, Purple Trading offers lower spreads (0.2 pips).
See full side-by-side comparison belowPlus500
WinnerPurple Trading
Plus500
Purple Trading
Plus500
4.0/5
Choose Plus500 if you want…
Purple Trading
3.5/5
Choose Purple Trading if you want…
Plus500 scores higher overall on our independent rating system. Plus500 holds a 4.0/5 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.
Plus500 offers spreads from 0.6 pips, while Purple Trading starts at 0.2 pips. Check the fees section above for a full breakdown.
Plus500 requires a minimum deposit of $100. Purple Trading requires $25.
Plus500 is regulated by FCA, CySEC, ASIC, MAS, while Purple Trading holds licences from CySEC, FCA.
Plus500 supports Proprietary Web, 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.