Purple Trading vs FP Markets
Purple Trading | FP Markets |
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3.5
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4
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Traders from US not accepted
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Traders from US not accepted
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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. |
FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist. |
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." | "We recommend FP Markets for forex and stock traders with 70+ currency pairs and an impressive 10,000+ stocks available as CFDs." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
CFDs, Forex, Stocks, Cryptos, Futures, Commodities | CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $100 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
CySEC | ASIC, CySEC, ESMA |
Margin Trading | |
Yes | No |
STP Account | |
Yes | Yes |
ECN Account | |
Yes | Yes |
DMA Account | |
Yes | Yes |
MAM Account | |
Yes | Yes |
PAMM Account | |
Yes | Yes |
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 | Yes |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Mobile Apps | |
iOS & Android | iOS & Android |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
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. | FP Markets Social Trading app allows for the straightforward mirroring of established traders with an easy-to-follow ranking system. |
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 | |
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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. | FP Markets' CFD trading covers a range of markets, including 10,000+ equities, indices, commodities, cryptocurrencies and ETFs. Spreads are tight and traders get fast execution speeds. |
Leverage | |
1:30 (Retail), 1:500 (Pro) | 1:30 (UK), 1:500 (Global) |
FTSE Spread | |
1 (ECN) | 1.64 |
GBPUSD Spread | |
0.00004 (ECN) | 1.9 average |
Oil Spread | |
0.03 (ECN) | 0.04 |
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. | FP Markets is a good option for forex traders, with 70+ pairs covering an excellent range of currencies. Spreads are already tight on standard accounts and start from zero on raw spread accounts, and the broker offers high leverage up to 1:500 and top-tier liquidity. |
GBPUSD Spread | |
0.00004 (ECN) | 1.9 |
EURUSD Spread | |
0.00004 (ECN) | 1.1 |
EURGBP Spread | |
0.00005 (ECN) | 1.7 |
Assets | |
59 | 60+ |
Currency Indices | |
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Cryptocurrency | |
Take positions on popular cryptocurrencies, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin with leveraged CFDs. However, you cannot directly buy and own crypto tokens. | |
Spread | |
Floating | |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
More Comparisons | |
Purple Trading vs |
FP Markets vs |