Purple Trading vs ThinkMarkets
| Purple Trading Review 2023 | ThinkMarkets Review 2023 |
|---|---|
3.5
Purple Trading is #13 in our CFD broker rankings. |
4
|
 Traders from US accepted |
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 both the CySEC and FCA. Purple Trading also offers a good selection of account types to suit different traders, including beginners, pros and passive investors. |
ThinkMarkets is a reputable CFD and forex broker with regulation from several top-tier bodies including the FCA and ASIC. Traders can use a bespoke platform, MT4 or MT5 to access a wide variety of assets including 3500+ stocks and ETFs, 46 forex pairs and over 20 cryptocurrencies. Fees are competitive, particularly for the ThinkZero account with spreads starting at zero. |
| 71.89% of retail investor accounts lose money when trading CFDs with this provider. | |
| 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." | "ThinkMarkets is a reliable, multi-regulated broker that will suit most CFD traders thanks to its large asset list, competitive fees and excellent platform options." |
| Pros | |
|
|
| Cons | |
|
|
| Awards | |
|
|
| Instruments | |
| Stocks, Futures, CFD, Forex | CFDs, Forex, Stocks, ETFs, Futures, Commodities, Crypto, Spread Betting (UK Only) |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $20 | $0 |
| Trading Platforms | |
|
|
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| CySEC, FCA | FCA, ASIC, CySEC, FSCA, JFSA, FSA Seychelles |
| Margin Trading | |
| Yes | Yes |
| STP Account | |
| Yes | Yes |
| ECN Account | |
| Yes | No |
| 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 | |
| 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. | The Signal Centre is FCA-regulated and offers insights into forex, stocks, indices, commodities, and cryptocurrencies. Users can receive up to 40 signals before the trading day starts to plan setups. |
| Social Trading | |
| Yes | Yes |
| Trade Signals | |
| Signal Centre | |
| 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 | |
| $15 | $0 |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
|
|
| 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. | ThinkMarkets offers CFDs on a good range of instruments, the most extensive being stocks and ETFs with 3500+ assets, as well as indices and commodities, amongst others. Leverage is available up to 1:30 in the EU and UK, while clients of the offshore branch can access up to 1:500 leverage. |
| Leverage | |
| 1:30 (Retail), 1:500 (Pro) | 1:500 |
| FTSE Spread | |
| 1 (ECN) | 0.7 |
| GBPUSD Spread | |
| 0.00004 (ECN) | 0.4 |
| Oil Spread | |
| 0.03 (ECN) | 0.03 |
| Stocks Spread | |
| Variable | From 0.4 |
| 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. | ThinkMarkets offers 46 forex pairs, including a decent variety of minors and exotics as well the majors. Forex traders also benefit from very tight spreads starting from 0.0 pips for the EUR/USD in the Zero account. |
| GBPUSD Spread | |
| 0.00004 (ECN) | 0.3 |
| EURUSD Spread | |
| 0.00004 (ECN) | 0.0 |
| EURGBP Spread | |
| 0.00005 (ECN) | 0.0 |
| Assets | |
| 59 | 45+ |
| Currency Indices | |
|
|
| Cryptocurrency | |
| Crypto trading not offered | With 20+ cryptocurrencies available to trade via CFDs, traders can securely speculate on crypto markets with up to 1:10 leverage. ThinkMarkets does not directly trade crypto assets, meaning you will not own the tokens, and crypto trading is not available in some jurisdictions. |
| Spread | |
| BTC 25, ETH 6 (Variable) | |
| Coins | |
|
|
| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
|
|
|
| 71.89% of retail investor accounts lose money when trading CFDs with this provider. | |
| More Comparisons | |
|
Purple Trading vs |
ThinkMarkets vs |