Purple Trading vs Trade Nation

Purple Trading vs Trade Nation Comparison Table 2023
Purple Trading Review 2023	Trade Nation Review 2023
Review 3.5 Purple Trading is #13 in our CFD broker rankings.	Review 4.4
Traders from US accepted	Traders from US not accepted See available CFD brokers
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.	Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers low-cost fixed and variable spreads on 1000+ assets with robust trading platforms and training materials. The Signal Centre can also be used for trade ideas.
	84% of retail investor accounts lose money when trading CFDs with this provider.
Bonus Offer
	200 Sign-Up Reward Points
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."	"Trade Nation is a good choice for newer traders looking for a wide range of financial markets on a user-friendly platform. There is no minimum deposit, free funding options and strong education."
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	A choice of trading platforms and apps, including MT4, make the brand a good fit for savvy traders Trade Nation is a multi-regulated and respected broker that previously operated as Core Spreads Full range of investments via leveraged CFDs for long and short opportunities The trading firm offers tight spreads and a transparent pricing schedule Multiple account currencies are accepted for global traders There is a low minimum deposit for beginners
Cons
No MetaTrader 5 compatibility No cryptocurrency trading including Bitcoin Average customer support channels and wait times	Fewer legal protections with offshore entity
Instruments
Stocks, Futures, CFD, Forex	Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only)
Demo Account
Yes	Yes
Minimum Deposit
$20	$0
Trading Platforms
MT4 cTrader	MT4
Payment Methods
Credit Card Debit Card Neteller Skrill Wire Transfer	Credit Card Debit Card Mastercard PayPal Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.1 Lots
Regulator
CySEC, FCA	FCA, ASIC, FSCA, SCB, FSA
Margin Trading
Yes	Yes
STP Account
Yes	Yes
ECN Account
Yes	No
DMA Account
Yes	No
MAM Account
No	No
PAMM Account
No	No
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.	Trade Nation Seychelles offers signals and copy trading. These are attractive options for beginners and those looking to a hands-off approach to online trading. You can leverage the expertise of seasoned traders to speculate on popular financial markets, including forex, stocks and commodities.
Social Trading
Yes	No
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
$15	$0
Islamic Account
No	Yes
Account Currencies
USD EUR GBP	USD EUR GBP AUD ZAR SEK NOK DKK
Stock Exchanges
Australian Securities Exchange 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	Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq New York Stock Exchange S&P 500 SIX Swiss Exchange
Commodities
Gold Oil Orange Juice Palladium Platinum Silver	Aluminium Copper Gold Oil Silver Zinc
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.	Trade leveraged CFDs on over 1000 assets with low-cost spreads. You can also take advantage of the broker's integrated signals to help you determine when to enter and exit positions.
Leverage
1:30 (Retail), 1:500 (Pro)	1:500 (entity dependent)
FTSE Spread
1 (ECN)	From 0.4
GBPUSD Spread
0.00004 (ECN)	From 0.6
Oil Spread
0.03 (ECN)	From 3.0
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 Nation offers over 30 of the most popular forex pairs with variable spreads. Traders can access a slick proprietary platform or MetaTrader 4, with real-time forex market updates and insights via 'Smart News'.
GBPUSD Spread
0.00004 (ECN)	Variable
EURUSD Spread
0.00004 (ECN)	Variable
EURGBP Spread
0.00005 (ECN)	Variable
Assets
59	33
Currency Indices
USD EUR GBP JPY CAD AUD NZD CHF
Cryptocurrency
Crypto trading not offered	Cryptocurrencies are available through the broker's Bahamas entity. Traders can access thousands of indicators to tailor their crypto trading strategies and there are no hidden charges.
Spread
	Fixed
Coins
	BTC ETH LTC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
	84% of retail investor accounts lose money when trading CFDs with this provider.
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