PURPLE TRADING vs XM
Independent side-by-side on safety (scam-risk, regulation, reviews) and selection (costs, products, funding, who it's best for). We charge brokers nothing.
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Safety & Trust
Scam-risk scoreⓘ lower = safer
✓10
27
Verdict
Low risk
Guarded
Regulatedⓘ
Yes
Yes
Licenses
1
✓6
Tier-1 regulatorsⓘ
1
✓2
Trustpilot score
—
2.2
Reviews collected
—
3179
Exit riskⓘ lower = safer
—
Severe
Known clonesⓘ
✓1
10
Regulator warnings
0
0
Cost & Accounts
Min deposit lower = easier to start
—
$5
Max leverage
—
1:1000
Min spread (best acct)
✓from 0.3
from 0.6
Commission
$5
—
Cost grade
—
A
Account types
3
✓4
Best for
Suits
European retail traders seeking CySEC regulation, Traders who prefer MetaTrader 4 or MetaTrader 5, Clients looking for multi-asset CFD trading (forex, indices, stocks, commodities)
Traders who prioritize regulatory oversight and are willing to accept potential delays, Experienced traders who can navigate KYC and support hurdles
Not for
Traders outside Europe who require offshore regulation, High-frequency scalpers needing ultra-low spreads without commission, US clients (not accepted due to regulatory restrictions)
Traders who require fast, reliable withdrawals, Beginners who may be overwhelmed by account blocks and support issues, Traders seeking transparent fee structures
Products & Funding
Instruments
--
Currency pairs (major, minor and exotic), stock CFDs, CFDs on cryptocurrencies, commodities, turbo stocks, precious metals, thematic indices
Deposit methods
MASTER, VISA
--
Withdrawal
MASTER, VISA
--
Execution
Speed
—
AAA
Slippage
—
AAA
Swap cost
—
A
Company
Founded
2018-11-23
2017-09-11
Headquarters
🇨🇾 Cyprus
🇨🇾 Cyprus
Employees
0
0
✓ = stronger value on that row · ● good · ● caution · ● weak · "—" = not yet collected. Independent scoring, never for sale.