Purple Trading
XM
VS
Higher Rated
XM
Capital at risk · T&Cs apply
In the competitive landscape of online trading, Purple Trading and XM present distinct offerings tailored to different trader needs. Purple Trading, with its ECN execution and availability of cTrader, appeals to experienced traders seeking low spreads and advanced trading platforms. In contrast, XM is geared towards beginners and budget-conscious traders, offering a very low minimum deposit and comprehensive educational resources, although with slightly wider spreads. The key difference lies in their approach to trading costs and resources, making Purple Trading suitable for those prioritising platform variety and execution quality, while XM attracts those looking for affordability and educational support.
Purple Trading
XM
| Purple Trading | XM | |
|---|---|---|
| BrokerRank Score | 3.5/5 | 3.9/5 ✓ |
| Min. Deposit | $25 ✓ | $5 |
| Spread from | 0.2 pips ✓ | 0.6 pips |
| Max Leverage | 1:500 | 1:1000 ✓ |
| Regulation | CySEC, FCA | CySEC, ASIC, FCA ✓ |
| Platforms | MT4, MT5, cTrader | MT4, MT5, Proprietary Mobile |
XM is the better choice overall, scoring 3.9/5 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 belowPurple Trading
XM
WinnerPurple Trading
XM
Purple Trading
3.5/5
Choose Purple Trading if you want…
XM
3.9/5
Choose XM if you want…
XM scores higher overall on our independent rating system. Purple Trading holds a 3.5/5 rating vs XM'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 XM starts at 0.6 pips. Check the fees section above for a full breakdown.
Purple Trading requires a minimum deposit of $25. XM requires $5.
Purple Trading is regulated by CySEC, FCA, while XM holds licences from CySEC, ASIC, FCA.
Purple Trading supports MT4, MT5, cTrader. XM supports MT4, MT5, 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.