Purple Trading vs Kraken 2026: Which Broker is Better?
Choosing between Purple Trading and Kraken depends on your trading style, preferred markets, and budget. Purple Trading is headquartered in Limassol, Cyprus, while Kraken operates from San Francisco, USA. Kraken has the longer track record, established in 2011, 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
Kraken
| Purple Trading | Kraken | |
|---|---|---|
| BrokerRank Score | 3.5/5 | 4.4/5 ✓ |
| Min. Deposit | $25 | $0 ✓ |
| Spread from | 0.2 pips | 0.2 pips |
| Max Leverage | 1:500 ✓ | 1:5 |
| Regulation | CySEC, FCA | FCA, CFTC |
| Platforms | MT4, MT5, cTrader | Proprietary Web, Proprietary Mobile |
Kraken is the better choice overall, scoring 4.4/5 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 belowPurple Trading vs Kraken: Key Differences
Purple Trading
Kraken
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Fees Comparison
Purple Trading
Kraken
Regulation & Trust
Purple Trading holds licences from FCA, CySEC. Kraken is regulated by FCA, CFTC.
Markets & Assets
Purple Trading additionally covers Forex, Cfd, Indices, Commodities, Stocks. Kraken adds Crypto.
Fees & Spreads
On spreads, Purple Trading is more competitive with EUR/USD spreads from 0.2 pips, compared to 0.2 pips at Kraken.
Trading Platforms
Purple Trading supports MT4, MT5, cTrader. Kraken offers Proprietary Web, Proprietary Mobile.
Minimum Deposit
Purple Trading requires a minimum deposit of $25, while Kraken sets no minimum deposit. This makes Kraken accessible to traders with any budget.
Overall Ratings
BrokerRank scores Purple Trading at 3.46/5 and Kraken at 3.37/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Purple Trading leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
Purple Trading
3.5/5
Choose Purple Trading if you want…
- Higher leverage (up to 1:500)
- More market types (6)
- Free withdrawals
- More platforms (3 supported)
Kraken
4.4/5
Choose Kraken if you want…
- Higher overall rating (4.4/5)
- No minimum deposit
- More established (est. 2011)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both Purple Trading & Kraken are available in
Frequently Asked Questions
1Is Purple Trading better than Kraken?
Kraken scores higher overall on our independent rating system. Purple Trading holds a 3.5/5 rating vs Kraken's 4.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, Purple Trading or Kraken?
Purple Trading offers spreads from 0.2 pips, while Kraken starts at 0.2 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Purple Trading vs Kraken?
Purple Trading requires a minimum deposit of $25. Kraken requires $0.
4Which broker is safer, Purple Trading or Kraken?
Purple Trading is regulated by CySEC, FCA, while Kraken holds licences from FCA, CFTC.
5What trading platforms do Purple Trading and Kraken support?
Purple Trading supports MT4, MT5, cTrader. Kraken supports Proprietary Web, Proprietary Mobile.
6Can I use both Purple Trading and Kraken?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
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