🔄 Broker Alternatives

Best Purple Trading Alternatives 2026

We ranked substitutes that actually make sense for Purple Trading users — prioritizing similar regulation, platform overlap, account fit, and obvious upgrade paths instead of recycling a generic top-brokers list.

Purple Trading scores 7.6/10 in our review model, which means this is not a “run away” page. It is a switch page. The shortlist below is tuned for traders who want something close in profile, but better on one of the usual pain points: costs, platform workflow, regulation, or product depth.

The top match right now is IC Markets, because it overlaps most cleanly with Purple Trading on platform stack, account fit, and broker profile while still offering a stronger overall package.

Best lower-fee switch

IC Markets

Trading-cost score: 9.5/10 · spreads from 0.0 pips

Best platform upgrade

IC Markets

Platforms: MT4, MT5, cTrader

Best trust-first option

IC Markets

Regulation score: 9.0/10

Top 5 Alternatives to Purple Trading

#	Broker	Why it fits	Overall Score	Min Deposit	Spreads	Regulation
1	I IC Markets Alt fit score: 20.3	Lower-cost pick with a trading-cost score 1.5 points higher than Purple Trading.	8.8	$200	0.0 pips	ASIC CySEC FSA	Review →
2	G GBE Brokers Alt fit score: 19.3	Closest like-for-like substitute thanks to shared platform coverage (MT4, MT5).	7.6	$200	0.0 pips	CySEC BaFin	Review →
3	A Afterprime Alt fit score: 18.7	Closest like-for-like substitute thanks to shared platform coverage (MT4, MT5).	7.6	$200	0.0 pips	CySEC ASIC	Review →
4	E Equiti Alt fit score: 18.7	Closest like-for-like substitute thanks to shared platform coverage (MT4, MT5).	7.8	$500	0.0 pips	DFSA CySEC FCA	Review →
5	C CFI Financial Alt fit score: 18.6	Platform-led upgrade if you want more than MT4, MT5, Purple Trading App.	7.8	$100	0.8 pips	CySEC DFSA FSA	Review →

Purple Trading vs IC Markets — Side by Side

Purple Trading

Est. 2016

7.6

Min Deposit $500

Spreads From 0.0 pips

Max Leverage 1:30

Instruments 250

Trading Costs 8.0/10

Platforms 7.5/10

Regulation

CySEC CNB

Read Purple Trading Review

IC Markets

Est. 2007

8.8

Min Deposit $200

Spreads From 0.0 pips

Max Leverage 1:500

Instruments 2,200

Trading Costs 9.5/10

Platforms 9.0/10

Regulation

ASIC CySEC FSA

Read IC Markets Review

Why traders switch from Purple Trading

Costs are already competitive, so the better reason to switch is usually platform fit or product access rather than shaving a fraction of a pip.

IC Markets looks like the best platform-led upgrade if your current setup feels limiting.

If trust and entity quality matter more than headline leverage, IC Markets is the safer upgrade path from a regulation angle.

Frequently Asked Questions

What is the best alternative to Purple Trading?

Right now, IC Markets is the strongest like-for-like substitute. It keeps the closest profile match to Purple Trading while landing a stronger overall score at 8.8/10.

Which alternative has the lowest fees?

Among the top substitutes, IC Markets is the clearest cost-led option. It scores 9.5/10 for trading costs in our testing and starts from 0.0 pips spreads.

Is Purple Trading a bad broker?

No. Purple Trading is still a credible broker with a 7.6/10 overall score. This page exists because “good” is not the same as “best for your setup.”

Can I move my account from Purple Trading to another broker?

Not directly. In practice, you withdraw from Purple Trading, open a new account elsewhere, and fund it again. The annoying part is admin, not technology.