Purple Trading vs FXOpen

Purple Trading vs FXOpen Comparison Table 2023
Purple Trading FXOpen
Not Yet Rated

Purple Trading is #12 in our CFD broker rankings.

3.7
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

Purple Trading is a regulated forex and CFD broker with ECN and STP execution for a range of markets on two top commercial trading platforms: MT4 and cTrader.

FXOpen is a highly regulated FX and CFD broker offering multiple trading platforms and spreads from 0.0 pips.

Pros
  • Demo account
  • MT4 integration
  • Strong regulatory oversight
  • Multiple payment methods
  • Bonuses & trading contests
  • Full range of investments
  • Copy trading (global traders)
  • Low minimum deposit (global traders)
Cons
  • Inactivity fee
Awards
  • Best ECN Broker 2012 - Masterforex-V
  • Best Forex Broker in Australasia 2011 - World Finance Magazine
  • Best Islamic Forex Broker 2011 - IB Times Trading Awards
  • Best South-East Asia Forex Broker and Best ECN Forex Broker 2011 - IB Times Trading Awards
  • Best Trading Platform 2010 - Falcon Awards
Instruments
Stocks, Futures, CFD, Forex Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares
Demo Account
Yes Yes
Minimum Deposit
$20 $1 Global, £300 UK
Payment Methods
Minimum Trade
0.01 lots 0.01 Lot
Regulator
CySEC, FCA FCA, CySEC, ASIC
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
No Yes
cTrader
Yes No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
Yes No
MAM Account
No No
PAMM Account
No 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 No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes (EAs)
Copy Trading
No Yes
Copy Trading Platform
FXOpen offers copy trading, enabling users to follow and copy the positions and strategies of other traders. Myfxbook and ZuluTrade supported.
Social Trading
Yes Yes
Trade Signals
Yes
VPS Hosting
No Yes
Tournaments
No Yes
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • CHF
  • HKD
  • RUB
Stock Exchanges
Commodities
CFD Trading
Purple Trading supports CFD trading through MetaTrader 4 and cTrader on stocks, commodities, futures, forex and indices. Trade CFDs on currency pairs, cryptocurrencies, indices, & commodities with tight spreads
Leverage
1:30 Retail, 1:500 Professional 1:30 - 1:500 (varies by trading entity)
FTSE Spread
1.7 0.8
GBPUSD Spread<
1.5 0.2
Oil Spread
600 4.0
Stocks Spread
Variable N/A
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 Trade major, minor & emerging forex pairs with 1:30 leverage
GBPUSD Spread
1.5 0.2
EURUSD Spread
1.2 0.2
EURGBP Spread
1.3 0.2
Assets
59 50+
Cryptocurrency
Crypto trading not offered Trade on 40+ cryptocurrency coins with 1:2 leverage (Pro clients only in UK).
Spread
Variable
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • ETC
  • EOS
  • DSH
  • XRP
  • IOT
  • XMR
  • NEO
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
Purple Trading
vs
FXOpen
vs