Purple Trading
Chipper Cash
VS
Higher Rated
Purple Trading
Capital at risk · T&Cs apply
Choosing between Purple Trading and Chipper Cash depends on your trading style, preferred markets, and budget. Purple Trading is headquartered in Limassol, Cyprus, while Chipper Cash operates from San Francisco, USA. Purple Trading has the longer track record, established in 2016, compared to Chipper Cash which was founded in 2018. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Purple Trading
Chipper Cash
Purple Trading is the better choice overall, scoring 3.5/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Chipper Cash offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
Purple Trading
3.5 vs 3.2
Lowest Fees
Chipper Cash
0.2 vs 0 pips
Regulation
Tied
2 vs 2 licences
Min. Deposit
Chipper Cash
$25 vs $1
Purple Trading
Chipper Cash
WinnerPurple Trading
Chipper Cash
Lower feesPurple Trading holds licences from FCA, CySEC. Chipper Cash is regulated by FCA, BoG.
Both brokers offer access to Stocks markets. Purple Trading additionally covers Forex, Cfd, Indices, Commodities. Chipper Cash adds Etf, Crypto.
On spreads, Chipper Cash is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.2 pips at Purple Trading.
Purple Trading supports MT4, MT5, cTrader. Chipper Cash offers Proprietary Mobile.
Purple Trading requires a minimum deposit of $25, while Chipper Cash sets a minimum deposit of $1. Both are suitable for traders with moderate starting capital.
BrokerRank scores Purple Trading at 3.46/5 and Chipper Cash at 3.19/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Purple Trading leads overall with a clear advantage.
Purple Trading scores higher overall on our independent rating system. Purple Trading holds a 3.5/5 rating vs Chipper Cash's 3.2/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Purple Trading offers spreads from 0.2 pips, while Chipper Cash starts at 0 pips. Check the fees section above for a full breakdown.
Purple Trading requires a minimum deposit of $25. Chipper Cash requires $1.
Purple Trading is regulated by CySEC, FCA, while Chipper Cash holds licences from FCA, BoG.
Purple Trading supports MT4, MT5, cTrader. Chipper Cash supports Proprietary Mobile.
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.