Purple Trading vs FXChoice
Purple Trading or FXChoice – which is better for UK traders 2024? Compare Purple Trading and FXChoice in this detailed breakdown of their platforms, features and fees.
Purple Trading | FXChoice |
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Purple Trading is ranked #97 among CFD brokers. | FXChoice is ranked #97 among CFD brokers. |
Purple Trading has closed or no longer accepts UK clients.
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. |
FXChoice has closed or no longer accepts UK clients.
FXChoice is a Belize-based broker established in 2010 and registered with the Financial Services Commission (FSC). The brand offers a wide selection of markets including crypto, plus the familiar MT4 and MT5 platforms. FXChoice stands out for its extra tools and perks, from LearnFx EAs to a VPS and Myfxbook's AutoTrade. New users can also claim a welcome bonus upon sign-up. |
Pros | |
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Cons | |
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Awards | |
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FCA Regulated | |
No | No |
Instruments | |
CFDs, Forex, Stocks, Cryptos, Futures, Commodities | CFDs, Forex, Indices, Commodities, Cryptocurrencies, Shares |
Bonus | |
50% Welcome Deposit Bonus | |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $100 |
Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
CySEC | FSC |
Mobile Apps | |
iOS & Android | iOS & Android |
Trading App | |
MT4 and MT5 apps are available to download form the Apple and Google Play stores. Both applications offers one-click trading, advanced charts and graphs, built-in support, plus instant and pending order types. MT4 is best suited to forex beginners while MT5 will meet the needs of experienced FX traders. |
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iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | Yes |
MetaTrader 4 | |
Yes | Yes |
MetaTrader 5 | |
No | Yes |
cTrader | |
Yes | No |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
No | No |
Autochartist | |
No | No |
eSignal | |
No | No |
Trading Central | |
No | No |
STP Account | |
Yes | No |
ECN Account | |
Yes | Yes |
DMA Account | |
Yes | No |
MAM Account | |
Yes | Yes |
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 | Yes |
Market Maker | |
No | Yes |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
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. | FXChoice has partnered with Myfxbook AutoTrade to offer copy trading to all account holders. You can find and follow the strategies of multiple traders with straightforward account management. MQL5 signals can also be used to inform buy or sell decisions. |
Social Trading | |
Yes | Yes |
Trade Signals | |
Yes - MQL5 | |
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 | |
Islamic Account | |
No | Yes |
Account Currencies | |
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Commodities | |
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CFD | |
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. | FXChoice offers highly leveraged CFD products on a breadth of financial markets, including shares, indices, commodities and crypto. FXChoice provides more supporting tools than many alternatives, including signals, auto trading, a VPS, and a research center. |
Leverage | |
1:30 (Retail), 1:500 (Pro) | 1:200 |
FTSE Spread | |
1 (ECN) | From $18.53 |
GBPUSD Spread< | |
0.00004 (ECN) | From $8 |
Oil Spread | |
0.03 (ECN) | From $40 |
Stocks Spread | |
Variable | Variable |
Forex | |
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 36 forex pairs, including the EUR/USD with spreads from zero pips. FXChoice offers higher leverage on forex than most competitors, alongside 24/5 support and an accessible $10 starting deposit. |
Assets | |
59 | 36 |
GBPUSD Spread | |
0.00004 (ECN) | From $8 |
EURUSD Spread | |
0.00004 (ECN) | From $5 |
EURGBP Spread | |
0.00005 (ECN) | From $6.95 |
Currency Indices | |
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Cryptocurrency | |
FXChoice offers trading on leading crypto cross pairs with the US Dollar. The selection of digital assets is narrow but spreads are tight starting at 0.15. | |
Spread | |
0.11 - 3.0 pips | |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | Yes |
Purple Trading | FXChoice |
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