ThinkMarkets vs Purple Trading 2026: Which Broker is Better?
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 vs Purple Trading: Key Differences
ThinkMarkets
WinnerPurple Trading
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Fees Comparison
ThinkMarkets
Purple Trading
Regulation & Trust
ThinkMarkets holds licences from FCA, ASIC. Purple Trading is regulated by FCA, CySEC.
Markets & Assets
Both brokers offer access to Forex, Cfd, Stocks, Indices, Commodities markets.
Fees & Spreads
On spreads, ThinkMarkets is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.2 pips at Purple Trading.
Trading Platforms
ThinkMarkets supports MT4, MT5, Proprietary Web, Proprietary Mobile. Purple Trading offers MT4, MT5, cTrader. Both brokers are available on MT4, MT5.
Minimum Deposit
ThinkMarkets requires no minimum deposit, while Purple Trading sets a minimum deposit of $25. This makes ThinkMarkets accessible to traders with any budget.
Overall Ratings
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.
BrokerRank Verdict
Who Should Choose Which?
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)
Purple Trading
3.5/5
Choose Purple Trading if you want…
Similar strengths to ThinkMarkets — compare below.
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 ThinkMarkets & Purple Trading are available in
Frequently Asked Questions
1Is ThinkMarkets better than Purple Trading?
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.
2Which has lower fees, ThinkMarkets or Purple Trading?
ThinkMarkets offers spreads from 0 pips, while Purple Trading starts at 0.2 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for ThinkMarkets vs Purple Trading?
ThinkMarkets requires a minimum deposit of $0. Purple Trading requires $25.
4Which broker is safer, ThinkMarkets or Purple Trading?
ThinkMarkets is regulated by FCA, ASIC, while Purple Trading holds licences from CySEC, FCA.
5What trading platforms do ThinkMarkets and Purple Trading support?
ThinkMarkets supports MT4, MT5, Proprietary Web, Proprietary Mobile. Purple Trading supports MT4, MT5, cTrader.
6Can I use both ThinkMarkets and Purple Trading?
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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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
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