ThinkMarkets
Purple Trading
VS
Higher Rated
ThinkMarkets
Capital at risk · T&Cs apply
Choosing between ThinkMarkets and Purple Trading depends on your trading style, preferred markets, and budget. ThinkMarkets is headquartered in London, UK, while Purple Trading operates from Limassol, Cyprus. ThinkMarkets has the longer track record, established in 2010, 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.
ThinkMarkets
Purple Trading
| ThinkMarkets | Purple Trading | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.5/5 |
| Min. Deposit | $0 ✓ | $25 |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:500 | 1:500 |
| Regulation | FCA, ASIC | CySEC, FCA |
| Platforms | MT4, MT5, Proprietary Web | MT4, MT5, cTrader |
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 belowThinkMarkets
WinnerPurple Trading
ThinkMarkets
Purple Trading
ThinkMarkets holds licences from FCA, ASIC. Purple Trading is regulated by FCA, CySEC.
Both brokers offer access to Forex, Cfd, Stocks, Indices, Commodities markets.
On spreads, ThinkMarkets is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.2 pips at Purple Trading.
ThinkMarkets supports MT4, MT5, Proprietary Web, Proprietary Mobile. Purple Trading offers MT4, MT5, cTrader. Both brokers are available on MT4, MT5.
ThinkMarkets requires no minimum deposit, while Purple Trading sets a minimum deposit of $25. This makes ThinkMarkets accessible to traders with any budget.
BrokerRank scores ThinkMarkets at 3.92/5 and Purple Trading at 3.46/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. ThinkMarkets leads overall with a clear advantage.
ThinkMarkets
3.9/5
Choose ThinkMarkets if you want…
Purple Trading
3.5/5
Choose Purple Trading if you want…
Similar strengths to ThinkMarkets — compare below.
ThinkMarkets scores higher overall on our independent rating system. ThinkMarkets holds a 3.9/5 rating vs Purple Trading's 3.5/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
ThinkMarkets offers spreads from 0 pips, while Purple Trading starts at 0.2 pips. Check the fees section above for a full breakdown.
ThinkMarkets requires a minimum deposit of $0. Purple Trading requires $25.
ThinkMarkets is regulated by FCA, ASIC, while Purple Trading holds licences from CySEC, FCA.
ThinkMarkets supports MT4, MT5, Proprietary Web, Proprietary Mobile. Purple Trading supports MT4, MT5, cTrader.
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.