Purple Trading
Monex
VS
Compare
Purple Trading
Capital at risk · T&Cs apply
Choosing between Purple Trading and Monex depends on your trading style, preferred markets, and budget. Purple Trading is headquartered in Limassol, Cyprus, while Monex operates from Tokyo, Japan. Monex has the longer track record, established in 1999, 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
Monex
| Purple Trading | Monex | |
|---|---|---|
| BrokerRank Score | 3.5/5 ✓ | 3.4/5 |
| Min. Deposit | $25 | $0 ✓ |
| Spread from | 0.2 pips | 0 pips ✓ |
| Max Leverage | 1:500 ✓ | 1:3 |
| Regulation | CySEC, FCA | FSA, SEC |
| Platforms | MT4, MT5, cTrader | Proprietary Web, Proprietary Mobile, TradeStation JP |
Purple Trading (3.5/5) and Monex (3.4/5) are closely matched. Monex has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowPurple Trading
Monex
WinnerPurple Trading
Monex
Lower feesPurple Trading holds licences from FCA, CySEC. Monex is regulated by SEC, FSA.
Both brokers offer access to Forex, Stocks markets. Purple Trading additionally covers Cfd, Indices, Commodities. Monex adds Etf, Crypto.
On spreads, Monex 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. Monex offers Proprietary Web, Proprietary Mobile, TradeStation JP.
Purple Trading requires a minimum deposit of $25, while Monex sets no minimum deposit. This makes Monex accessible to traders with any budget.
BrokerRank scores Purple Trading at 3.46/5 and Monex at 3.42/5, 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…
Monex
3.4/5
Choose Monex if you want…
Purple Trading (3.5/5) and Monex (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 Monex starts at 0 pips. Check the fees section above for a full breakdown.
Purple Trading requires a minimum deposit of $25. Monex requires $0.
Purple Trading is regulated by CySEC, FCA, while Monex holds licences from FSA, SEC.
Purple Trading supports MT4, MT5, cTrader. Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP.
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.