Purple Trading
UOB Kay Hian
VS
Higher Rated
Purple Trading
Capital at risk · T&Cs apply
Choosing between Purple Trading and UOB Kay Hian depends on your trading style, preferred markets, and budget. Purple Trading is headquartered in Limassol, Cyprus, while UOB Kay Hian operates from Singapore. UOB Kay Hian has the longer track record, established in 1973, 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
UOB Kay Hian
Purple Trading is the better choice overall, scoring 3.5/5 vs 3.3/5 on BrokerRank's independent rating. On fees, UOB Kay Hian offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
Purple Trading
3.5 vs 3.3
Lowest Fees
UOB Kay Hian
0.2 vs 0 pips
Regulation
Tied
2 vs 2 licences
Min. Deposit
UOB Kay Hian
$25 vs $0
Purple Trading
UOB Kay Hian
WinnerPurple Trading
UOB Kay Hian
Lower feesPurple Trading holds licences from FCA, CySEC. UOB Kay Hian is regulated by MAS, SFC.
Both brokers offer access to Forex, Indices, Stocks markets. Purple Trading additionally covers Cfd, Commodities. UOB Kay Hian adds Etf.
On spreads, UOB Kay Hian 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. UOB Kay Hian offers Proprietary Web, Proprietary Mobile, UTRADE.
Purple Trading requires a minimum deposit of $25, while UOB Kay Hian sets no minimum deposit. This makes UOB Kay Hian accessible to traders with any budget.
BrokerRank scores Purple Trading at 3.46/5 and UOB Kay Hian at 3.31/5, 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 UOB Kay Hian's 3.3/5. 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 UOB Kay Hian starts at 0 pips. Check the fees section above for a full breakdown.
Purple Trading requires a minimum deposit of $25. UOB Kay Hian requires $0.
Purple Trading is regulated by CySEC, FCA, while UOB Kay Hian holds licences from MAS, SFC.
Purple Trading supports MT4, MT5, cTrader. UOB Kay Hian supports Proprietary Web, Proprietary Mobile, UTRADE.
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.