Purple Trading vs PU Prime

Purple Trading vs PU Prime Comparison Table 2024
Purple Trading PU Prime
3.5
4.2

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.

Pacific Union Prime is an FSCA and offshore-regulated multi-asset broker offering competitive fees and direct market access on forex, commodities, stocks, bonds and indices. The broker supports the popular MetaTrader 4 and MetaTrader 5 platforms and a proprietary mobile app. Fees vary by account type with no commission and spreads from 1.9 pips on the Standard account and $7 commission per lot and spreads from 0.4 pips on the Prime account.

Bonus Offer
$50 No Deposit Bonus
Promotions

PU Prime: Claim A 50% Bonus Up To $10,000

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." "PU Prime will appeal to traders seeking high leverage and low fees in a direct-to-market trading environment."
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
  • Industry-recognized MT4 and MT5 platforms and mobile apps
  • Good range of assets with nearly 1000 instruments over six asset classes
  • Competitive fees with the Prime account spreads starting at 0.4 with a $7 commission
  • Safeguards clients with segregated funds and negative balance protection
  • PU Social app with copy trading capabilities
  • Demo account with virtual funds
  • Swap-free Islamic account
  • Multilingual customer service
Cons
  • No MetaTrader 5 compatibility
  • Average customer support channels and wait times
  • No tier 1 regulatory oversight
  • Relatively high $40 minimum withdrawal and handling fee for withdrawals under $100
  • Standard account spreads are mediocre
Instruments
CFDs, Forex, Stocks, Cryptos, Futures, Commodities Forex, Commodities, Cryptocurrencies, Stocks, Indices
Demo Account
Yes Yes
Minimum Deposit
$0 $50
Trading Platforms
  • MT4
  • cTrader
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC FSA (Financial Services Authority of Seychelles), FSCA (Financial Sector Conduct Authority), SVGFSA (Financial Services Authority St Vincent & The Grenadines)
Margin Trading
Yes Yes
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
Yes No
MAM Account
Yes No
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 iOS & Android
Auto Trading
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. PU Social enables clients to mirror the positions and strategies of expert traders. The app is available on iOS and Android devices and features a social investing network with thousands of traders.
Social Trading
Yes Yes
Trade Signals
None
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
  • CAD
  • AUD
  • NZD
  • JPY
  • HKD
  • 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. PU Prime offers CFD trading on hundreds of shares, as well as indices, commodities, bonds and cryptocurrencies. The leverage available varies by asset, and spreads also vary greatly between instruments and account types with the tightest near zero and the widest in the hundreds of pips. Stock, index, commodity and bond CFDs are traded on the leading MT4 platform.
Leverage
1:30 (Retail), 1:500 (Pro) 1:500
FTSE Spread
1 (ECN) Not Available
GBPUSD Spread
0.00004 (ECN) From 0.5 pips
Oil Spread
0.03 (ECN) From 1.6 pips
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. PU Prime clients can trade 40+ forex pairs via the MT4 and MT5 platforms with dynamic leverage up to 1:500. Spreads start from near zero on Prime accounts, which also charge a $7 commission per lot, and a zero-commission Standard account with wider spreads is also available.
GBPUSD Spread
0.00004 (ECN) From 0.5 pips
EURUSD Spread
0.00004 (ECN) From 0.2 pips
EURGBP Spread
0.00005 (ECN) From 0.4 pips
Assets
59 800+
Currency Indices
  • USD
  • EUR
  • GBP
  • JPY
  • CAD
  • AUD
  • NZD
  • CHF
Cryptocurrency
Pacific Union offers leveraged cryptocurrency trading against the US Dollar. Spreads are tight and updated in real-time. Traders can analyze crypto markets using powerful trading software.
Spread
From 0.7 pips
Coins
  • BTC
  • ETH
  • LTC
  • BCH
  • BTC
  • BCH
  • ETH
  • LTC
  • EOS
  • XLM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
Purple Trading
vs
PU Prime
vs