Purple Trading
Phillip Nova
VS
Higher Rated
Purple Trading
Capital at risk · T&Cs apply
Choosing between Purple Trading and Phillip Nova depends on your trading style, preferred markets, and budget. Purple Trading is headquartered in Limassol, Cyprus, while Phillip Nova operates from Singapore. Phillip Nova has the longer track record, established in 2005, 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
Phillip Nova
| Purple Trading | Phillip Nova | |
|---|---|---|
| BrokerRank Score | 3.5/5 ✓ | 3.4/5 |
| Min. Deposit | $25 | $0 ✓ |
| Spread from | 0.2 pips ✓ | 0.6 pips |
| Max Leverage | 1:500 ✓ | 1:20 |
| Regulation | CySEC, FCA ✓ | MAS |
| Platforms | MT4, MT5, cTrader | Proprietary Web, Proprietary Mobile, POEMS |
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
WinnerPhillip Nova
Purple Trading
Phillip Nova
Purple Trading holds licences from FCA, CySEC. Phillip Nova is regulated by MAS.
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. Purple Trading additionally covers Stocks. Phillip Nova adds Crypto.
On spreads, Purple Trading is more competitive with EUR/USD spreads from 0.2 pips, compared to 0.6 pips at Phillip Nova.
Purple Trading supports MT4, MT5, cTrader. Phillip Nova offers Proprietary Web, Proprietary Mobile, POEMS.
Purple Trading requires a minimum deposit of $25, while Phillip Nova sets no minimum deposit. This makes Phillip Nova accessible to traders with any budget.
BrokerRank scores Purple Trading at 3.46/5 and Phillip Nova at 3.39/5, 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…
Phillip Nova
3.4/5
Choose Phillip Nova if you want…
Purple Trading scores higher overall on our independent rating system. Purple Trading holds a 3.5/5 rating vs Phillip Nova'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 Phillip Nova starts at 0.6 pips. Check the fees section above for a full breakdown.
Purple Trading requires a minimum deposit of $25. Phillip Nova requires $0.
Purple Trading is regulated by CySEC, FCA, while Phillip Nova holds licences from MAS.
Purple Trading supports MT4, MT5, cTrader. Phillip Nova supports Proprietary Web, Proprietary Mobile, POEMS.
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.