Purple Trading
HYCM
VS
Compare
Purple Trading
Capital at risk · T&Cs apply
Choosing between Purple Trading and HYCM depends on your trading style, preferred markets, and budget. Purple Trading is headquartered in Limassol, Cyprus, while HYCM operates from London, UK. HYCM has the longer track record, established in 1977, 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
HYCM
| Purple Trading | HYCM | |
|---|---|---|
| BrokerRank Score | 3.5/5 ✓ | 3.4/5 |
| Min. Deposit | $25 | $100 ✓ |
| Spread from | 0.2 pips | 0.2 pips |
| Max Leverage | 1:500 | 1:500 |
| Regulation | CySEC, FCA | FCA, CySEC, DFSA ✓ |
| Platforms | MT4, MT5, cTrader | MT4, MT5 |
Purple Trading (3.5/5) and HYCM (3.4/5) are closely matched. Purple Trading has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowPurple Trading
HYCM
WinnerPurple Trading
HYCM
Lower feesPurple Trading holds licences from FCA, CySEC. HYCM is regulated by FCA, CySEC, DFSA.
Both brokers offer access to Forex, Cfd, Indices, Commodities, Stocks markets.
On spreads, Purple Trading is more competitive with EUR/USD spreads from 0.2 pips, compared to 0.2 pips at HYCM.
Purple Trading supports MT4, MT5, cTrader. HYCM offers MT4, MT5. Both brokers are available on MT4, MT5.
Purple Trading requires a minimum deposit of $25, while HYCM sets a minimum deposit of $100. Both are suitable for traders with moderate starting capital.
BrokerRank scores Purple Trading at 3.46/5 and HYCM at 3.43/5, 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…
HYCM
3.4/5
Choose HYCM if you want…
Purple Trading (3.5/5) and HYCM (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 HYCM starts at 0.2 pips. Check the fees section above for a full breakdown.
Purple Trading requires a minimum deposit of $25. HYCM requires $100.
Purple Trading is regulated by CySEC, FCA, while HYCM holds licences from FCA, CySEC, DFSA.
Purple Trading supports MT4, MT5, cTrader. HYCM supports MT4, MT5.
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.