Purple Trading
OANDA
VS
Higher Rated
OANDA
Capital at risk · T&Cs apply
Compare Purple Trading and OANDA side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Purple Trading
OANDA
OANDA is the better choice overall, scoring 4.1/5 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 belowOverall Rating
OANDA
3.5 vs 4.1
Lowest Fees
Purple Trading
0.2 vs 0.6 pips
Regulation
OANDA
2 vs 4 licences
Min. Deposit
OANDA
$25 vs $0
Purple Trading
OANDA
WinnerPurple Trading
OANDA
Purple Trading scores 3.46/5 while OANDA scores 4.09/5 in our independent rating.
OANDA edges ahead overall, but Purple Trading may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
OANDA scores higher overall on our independent rating system. Purple Trading holds a 3.5/5 rating vs OANDA's 4.1/5. 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 OANDA starts at 0.6 pips. Check the fees section above for a full breakdown.
Purple Trading requires a minimum deposit of $25. OANDA requires $0.
Purple Trading is regulated by CySEC, FCA, while OANDA holds licences from FCA, CFTC, ASIC, MAS.
Purple Trading supports MT4, MT5, cTrader. OANDA supports MT4, 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.