Purple Trading vs FIBO Group

Purple Trading vs FIBO Group Comparison Table 2024
Purple Trading	FIBO Group
Review 3.5	Review Not Yet Rated

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.	FIBO Group is a dual-licensed forex broker offering multiple trading platforms.
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."
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
Cons
No MetaTrader 5 compatibility Average customer support channels and wait times
Instruments
CFDs, Forex, Stocks, Cryptos, Futures, Commodities	Forex, CFDs, cryptos, spot metals
Demo Account
Yes	Yes
Minimum Deposit
$0	$50
Trading Platforms
MT4 cTrader	MT4 MT5 cTrader
Payment Methods
Credit Card Debit Card Wire Transfer	American Express Cashu Credit Card ecoPayz Mastercard Neteller Paysafecard Perfect Money Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
CySEC	CySEC, FSC BVI
Margin Trading
Yes	No
STP Account
Yes	No
ECN Account
Yes	No
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	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS & Android	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader	Yes
Copy Trading
Yes	No
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.
Social Trading
Yes	Yes
Trade Signals
	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
Yes
Islamic Account
No	Yes
Account Currencies
USD EUR GBP PLN CZK	USD EUR GBP CHF
Stock Exchanges
CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Japan Exchange Group Nasdaq New York Stock Exchange S&P 500
Commodities
Gold Oil Orange Juice Palladium Platinum Silver	Gold Silver
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.	Speculate on the financial markets with a range of CFDs.
Leverage
1:30 (Retail), 1:500 (Pro)	1:1000
FTSE Spread
1 (ECN)	3.5
GBPUSD Spread
0.00004 (ECN)	0.5
Oil Spread
0.03 (ECN)	$0.08
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.	Trade dozens of online currencies with competitive leverage rates.
GBPUSD Spread
0.00004 (ECN)	0.5
EURUSD Spread
0.00004 (ECN)	0.3
EURGBP Spread
0.00005 (ECN)	0.5
Assets
59	60+
Currency Indices
USD EUR GBP JPY CAD AUD NZD CHF
Cryptocurrency
	Trade crypto and USD cross pairs.
Spread
	Floating
Coins
BTC ETH LTC BCH	BTC ETH LTC ZEC XMR DSH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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