Purple Trading
Kraken
VS
Higher Rated
Purple Trading
Capital at risk · T&Cs apply
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 ✓ | 3.4/5 |
| 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 |
Purple Trading is the better choice overall, scoring 3.5/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Purple Trading offers lower spreads (0.2 pips).
See full side-by-side comparison belowPurple Trading
Kraken
WinnerPurple Trading
Kraken
Purple Trading holds licences from FCA, CySEC. Kraken is regulated by FCA, CFTC.
Purple Trading additionally covers Forex, Cfd, Indices, Commodities, Stocks. Kraken adds Crypto.
On spreads, Purple Trading is more competitive with EUR/USD spreads from 0.2 pips, compared to 0.2 pips at Kraken.
Purple Trading supports MT4, MT5, cTrader. Kraken offers Proprietary Web, Proprietary Mobile.
Purple Trading requires a minimum deposit of $25, while Kraken sets no minimum deposit. This makes Kraken accessible to traders with any budget.
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.
Purple Trading
3.5/5
Choose Purple Trading if you want…
Kraken
3.4/5
Choose Kraken if you want…
Purple Trading scores higher overall on our independent rating system. Purple Trading holds a 3.5/5 rating vs Kraken's 3.4/5. 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 Kraken starts at 0.2 pips. Check the fees section above for a full breakdown.
Purple Trading requires a minimum deposit of $25. Kraken requires $0.
Purple Trading is regulated by CySEC, FCA, while Kraken holds licences from FCA, CFTC.
Purple Trading supports MT4, MT5, cTrader. Kraken 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.
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.