Purple Trading
ThinkMarkets
VS
Higher Rated
ThinkMarkets
Capital at risk · T&Cs apply
When comparing Purple Trading and ThinkMarkets, a key distinction lies in their target audience and platform offerings. Purple Trading, with its focus on ECN execution and the inclusion of cTrader, appeals primarily to experienced traders seeking low spreads and advanced trading platforms. In contrast, ThinkMarkets, with its proprietary ThinkTrader platform and no minimum deposit requirement, caters to both novice and seasoned traders looking for advanced tools and flexible entry conditions. While both brokers are well-regulated with high leverage options, ThinkMarkets edges ahead with a slightly higher overall rating and a more established presence in the market.
Purple Trading
ThinkMarkets
| Purple Trading | ThinkMarkets | |
|---|---|---|
| BrokerRank Score | 3.5/5 | 3.9/5 ✓ |
| Min. Deposit | $25 | $0 ✓ |
| Spread from | 0.2 pips | 0 pips ✓ |
| Max Leverage | 1:500 | 1:500 |
| Regulation | CySEC, FCA | FCA, ASIC |
| Platforms | MT4, MT5, cTrader | MT4, MT5, Proprietary Web |
ThinkMarkets is the better choice overall, scoring 3.9/5 vs 3.5/5 on BrokerRank's independent rating. On fees, ThinkMarkets offers lower spreads (0 pips).
See full side-by-side comparison belowPurple Trading
ThinkMarkets
WinnerPurple Trading
ThinkMarkets
Purple Trading
3.5/5
Choose Purple Trading if you want…
Similar strengths to ThinkMarkets — compare below.
ThinkMarkets
3.9/5
Choose ThinkMarkets if you want…
ThinkMarkets scores higher overall on our independent rating system. Purple Trading holds a 3.5/5 rating vs ThinkMarkets's 3.9/5. 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 ThinkMarkets starts at 0 pips. Check the fees section above for a full breakdown.
Purple Trading requires a minimum deposit of $25. ThinkMarkets requires $0.
Purple Trading is regulated by CySEC, FCA, while ThinkMarkets holds licences from FCA, ASIC.
Purple Trading supports MT4, MT5, cTrader. ThinkMarkets supports MT4, MT5, 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.