Purple Trading
Nexo
VS
Higher Rated
Purple Trading
Capital at risk · T&Cs apply
Choosing between Purple Trading and Nexo depends on your trading style, preferred markets, and budget. Purple Trading is headquartered in Limassol, Cyprus, while Nexo operates from London, UK. Purple Trading has the longer track record, established in 2016, compared to Nexo which was founded in 2018. 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
Nexo
Purple Trading is the better choice overall, scoring 3.5/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Nexo offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
Purple Trading
3.5 vs 3.2
Lowest Fees
Nexo
0.2 vs 0 pips
Regulation
Purple Trading
2 vs 1 licences
Min. Deposit
Nexo
$25 vs $0
Purple Trading
Nexo
WinnerPurple Trading
Nexo
Lower feesPurple Trading holds licences from FCA, CySEC. Nexo is regulated by FCA.
Purple Trading additionally covers Forex, Cfd, Indices, Commodities, Stocks. Nexo adds Crypto.
On spreads, Nexo 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. Nexo offers Proprietary Web, Proprietary Mobile.
Purple Trading requires a minimum deposit of $25, while Nexo sets no minimum deposit. This makes Nexo accessible to traders with any budget.
BrokerRank scores Purple Trading at 3.46/5 and Nexo at 3.18/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Purple Trading leads overall with a clear advantage.
Purple Trading scores higher overall on our independent rating system. Purple Trading holds a 3.5/5 rating vs Nexo's 3.2/5. 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 Nexo starts at 0 pips. Check the fees section above for a full breakdown.
Purple Trading requires a minimum deposit of $25. Nexo requires $0.
Purple Trading is regulated by CySEC, FCA, while Nexo holds licences from FCA.
Purple Trading supports MT4, MT5, cTrader. Nexo 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.