Purple Trading vs BlackBull Markets

Purple Trading vs BlackBull Markets Comparison Table 2024
Purple Trading BlackBull Markets
3.5
3.7
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Purple Trading is a legitimate forex and CFD broker with ECN and STP execution for a range of markets on two top commercial trading platforms. The broker is heavily regulated with authorization from the CySEC. Purple Trading also offers a good selection of account types to suit different traders, including beginners, pros and passive investors.

BlackBull is a New Zealand-based CFD broker with trading opportunities on forex, stocks, indices, commodities and cryptos. The broker supports the MetaTrader 4 and 5 platforms as well as TradingView, cTrader and a proprietary mobile app. Clients can trade with high leverage and tight spreads from 0 pips on the broker's ECN accounts.

Comment by Reviewer
"Purple Trading is a great fit for investors seeking a regulated broker with access to popular financial markets on the reliable cTrader or MetaTrader 4 platforms." "BlackBull Markets will suit traders of all experience levels with thousands of tradable instruments, tight spreads and the familiar MetaTrader platforms."
Pros
  • Trustworthy and regulated by the Cyprus Securities and Exchange Commission (CySEC)
  • Access to MetaTrader 4 plus cTrader - both industry-leading platforms
  • Good range of deposit and withdrawal methods including bank cards
  • Currency indices with broader exposure to the forex market
  • Loyalty programme for active traders with fee discounts
  • Bespoke indicators to support forex trading on MT4
  • Excellent education for beginners including ebooks
  • Free demo account
  • CopyTrader, ZuluTrade, HokoCloud and Myfxbook copy trading
  • Commission-free trading with spreads from 0.0 pips
  • Superb range of platforms including TradingView Pro
  • Responsive customer service during testing
  • Excellent educational content for beginners
  • $0 minimum deposit and 0.01 lot trades
  • Huge range of 26,000+ instruments
  • Autochartist plugin
Cons
  • No MetaTrader 5 compatibility
  • Average customer support channels and wait times
  • Withdrawal fees with some methods
  • US traders not accepted
Awards
  • Best ECN Broker 2022
  • Deloitte Fast 50 Index 2021
  • Best NZ Forex Broker 2021
Instruments
CFDs, Forex, Stocks, Cryptos, Futures, Commodities Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos
Demo Account
Yes Yes
Minimum Deposit
$0 $0
Trading Platforms
  • MT4
  • cTrader
  • MT4
  • MT5
  • cTrader
  • TradingView
  • AutoChartist
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC FMA, FSA
Margin Trading
Yes Yes
STP Account
Yes No
ECN Account
Yes Yes
DMA Account
Yes No
MAM Account
Yes Yes
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
Android App Rating
3.7
iOS App Rating
3.7
Auto Trading
Expert Advisors (EAs) on MetaTrader Yes
Copy Trading
Yes Yes
Copy Trading Platform
Purple Trading enlists strategy providers to share their trading strategies with aspiring investors. The broker also CapitalGuard technology to cap excessive losses. Blackbull Markets offers an excellent selection of social and copy trading products on its CopyTrader system, plus HokoCloud, DupliTrade and Myfxbook. Traders can copy trades and strategies in a range of popular financial markets with user-friendly risk management tools.
Social Trading
Yes Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
Yes $0
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • PLN
  • CZK
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • JPY
  • ZAR
  • SGD
Stock Exchanges
Commodities
CFD Trading
Purple Trading supports CFD trading through MetaTrader 4 and cTrader on stocks, commodities, futures, forex and indices. You can go long or short with up to 1:30 leverage, free deposits and competitive pricing. BlackBull Markets CFDs are offered on forex, stocks, indices, commodities and cryptos with tight spreads and high leverage. The ECN accounts offer fast execution and low slippage, and the broker provides traders with plenty of extra tools and features plus 24/7 customer support.
Leverage
1:30 (Retail), 1:500 (Pro) 1:500
FTSE Spread
1 (ECN) 10.4
GBPUSD Spread
0.00004 (ECN) 0.8
Oil Spread
0.03 (ECN) 5.2
Stocks Spread
Variable Variable
Forex Trading
Purple Trading clients are in a great position to speculate on foreign exchange markets with over 60 major, minor and exotic currency pairs. Forex indices are also available offering a holistic view of popular currencies like the USD. BlackBull offers 64 forex pairs with very competitive pricing through its ECN accounts, with the standard commission-free spread starting from 0.8 and spreads with commission starting from zero. The broker supports diverse trading platforms including MT4 and MT5, and provides leverage up to 1:500.
GBPUSD Spread
0.00004 (ECN) 0.8
EURUSD Spread
0.00004 (ECN) 0.2
EURGBP Spread
0.00005 (ECN) 0.8
Assets
59 64
Currency Indices
  • USD
  • EUR
  • GBP
  • JPY
  • CAD
  • AUD
  • NZD
  • CHF
Cryptocurrency
BlackBull Markets traders can speculate on 11 cryptocurrencies including Bitcoin, Litecoin and Ethereum with up to 1:5 leverage. The crypto tokens are traded in pairs with USD and the broker offers a transparent pricing schedule.
Spread
Variable
Coins
  • BTC
  • ETH
  • LTC
  • BCH
  • BTC
  • ETH
  • BCH
  • LTC
  • XRP
  • DOGE
  • ADA
  • DOT
  • LINK
  • EOS
  • XLM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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