Purple Trading
Firstrade
VS
Compare
Purple Trading
Capital at risk · T&Cs apply
Choosing between Purple Trading and Firstrade depends on your trading style, preferred markets, and budget. Purple Trading is headquartered in Limassol, Cyprus, while Firstrade operates from New York, USA. Firstrade has the longer track record, established in 1985, compared to Purple Trading which was founded in 2016. 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
Firstrade
| Purple Trading | Firstrade | |
|---|---|---|
| BrokerRank Score | 3.5/5 ✓ | 3.4/5 |
| Min. Deposit | $25 | $0 ✓ |
| Spread from | 0.2 pips | 0 pips ✓ |
| Max Leverage | 1:500 ✓ | 1:2 |
| Regulation | CySEC, FCA | SEC, CFTC |
| Platforms | MT4, MT5, cTrader | Proprietary Web, Proprietary Mobile |
Purple Trading (3.5/5) and Firstrade (3.4/5) are closely matched. Firstrade has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowPurple Trading
Firstrade
WinnerPurple Trading
Firstrade
Lower feesPurple Trading holds licences from FCA, CySEC. Firstrade is regulated by SEC, CFTC.
Both brokers offer access to Indices, Stocks markets. Purple Trading additionally covers Forex, Cfd, Commodities.
On spreads, Firstrade 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. Firstrade offers Proprietary Web, Proprietary Mobile.
Purple Trading requires a minimum deposit of $25, while Firstrade sets no minimum deposit. This makes Firstrade accessible to traders with any budget.
BrokerRank scores Purple Trading at 3.46/5 and Firstrade at 3.41/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Purple Trading leads overall with a marginal advantage.
Purple Trading
3.5/5
Choose Purple Trading if you want…
Firstrade
3.4/5
Choose Firstrade if you want…
Purple Trading (3.5/5) and Firstrade (3.4/5) 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.
Purple Trading offers spreads from 0.2 pips, while Firstrade starts at 0 pips. Check the fees section above for a full breakdown.
Purple Trading requires a minimum deposit of $25. Firstrade requires $0.
Purple Trading is regulated by CySEC, FCA, while Firstrade holds licences from SEC, CFTC.
Purple Trading supports MT4, MT5, cTrader. Firstrade supports Proprietary Web, Proprietary Mobile.
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.