Purple Trading vs ThinkMarkets 2026: Which Broker is Better?
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 vs ThinkMarkets: Key Differences
Purple Trading
ThinkMarkets
WinnerStill deciding between Purple Trading and ThinkMarkets?
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Fees Comparison
Purple Trading
ThinkMarkets
BrokerRank Verdict
Who Should Choose Which?
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…
- Higher overall rating (3.9/5)
- Tighter spreads (from 0 pips)
- No minimum deposit
- More established (est. 2010)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both Purple Trading & ThinkMarkets are available in
Frequently Asked Questions
1Is Purple Trading better than ThinkMarkets?
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.
2Which has lower fees, Purple Trading or ThinkMarkets?
Purple Trading offers spreads from 0.2 pips, while ThinkMarkets starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Purple Trading vs ThinkMarkets?
Purple Trading requires a minimum deposit of $25. ThinkMarkets requires $0.
4Which broker is safer, Purple Trading or ThinkMarkets?
Purple Trading is regulated by CySEC, FCA, while ThinkMarkets holds licences from FCA, ASIC.
5What trading platforms do Purple Trading and ThinkMarkets support?
Purple Trading supports MT4, MT5, cTrader. ThinkMarkets supports MT4, MT5, Proprietary Web, Proprietary Mobile.
6Can I use both Purple Trading and ThinkMarkets?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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BrokerRank Research
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71% of Retail Traders Lose Money
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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.
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