TB
Tiger Brokers
3.6 / 5Score: 5 / 5
Tiger Brokers delivers tier-1 regulated trading with zero minimum deposit and near-zero spreads, built for cost-conscious global investors.
- Min deposit
- $0
- Max leverage
- 1:4
- Spread from
- 0 pips
- Regulators
- MAS, ASIC
Reviewed by Experts Updated 9/10/2026
Tiger Brokers vs Purple Trading: Which Broker Wins in 2026?
Tiger Brokers and Purple Trading appeal to very different types of traders, but only one comes out on top in our proprietary rating. Tiger Brokers edges ahead with tighter spreads, stronger tier-1 regulation, and a $0 minimum deposit. Purple Trading fights back with higher leverage and a broader multi-asset platform lineup.
PT
Purple Trading
3.5 / 5Score: 0 / 5
Purple Trading combines high leverage and multi-platform flexibility, giving diversified traders room to trade forex, crypto, and beyond.
- Min deposit
- $25
- Max leverage
- 1:500
- Spread from
- 0.2 pips
- Regulators
- CySEC, FCA
Our #1 Pick Right Now: AvaTrade
Same category, top-tier regulation, and it's currently accepting new traders.
See What Makes It Different Overall Winner
Tiger Brokers
Best for Beginners
Tiger Brokers
Lowest Fees
Tiger Brokers
Top Regulation
Tiger Brokers
Side-by-side comparison
Core features compared head-to-head.
| Feature | TB Tiger Brokers | PT Purple Trading |
|---|---|---|
| Overview | ||
| Rating | 3.6 / 5 | 3.5 / 5 |
| Founded | 2014 | 2016 |
| Headquarters | Singapore | Limassol, Cyprus |
| Regulation | MAS, ASIC | CySEC, FCA |
| Fees & Limits | ||
| Min Deposit | $0 | $25 |
| Spreads From | 0 pips | 0.2 pips |
| Commission | $0.01/lot | $3/lot |
| Max Leverage | 1:4 | 1:500 |
| Platforms & Markets | ||
| Trading Platforms | Proprietary Web, Proprietary Mobile | MT4, MT5, cTrader |
| Markets Offered | Stocks, Indices, Cfd | Forex, Cfd, Indices, Commodities, Stocks, Crypto |
Trading & non-trading fees
Min Deposit
Tiger Brokers
$0
Purple Trading
$25
Spreads From
Tiger Brokers
0 pips
Purple Trading
0.2 pips
Commission
Tiger Brokers
$0.01/lot
Purple Trading
$3/lot
Deposit Fees
Tiger Brokers
None
Purple Trading
None
Withdrawal Fees
Tiger Brokers
None
Purple Trading
None
Pros & cons
TB
Tiger Brokers
Pros
- Achieves the highest overall rating in this comparison at 3.6/5
- Extremely competitive spreads starting from 0 pips
- No minimum deposit barrier, ideal for beginners
- Backed by two respected tier-1 regulators, MAS and ASIC
- Long operating track record dating back to 2014
- Transparent fee structure with no deposit or withdrawal charges
Cons
- Maximum leverage capped at just 1:4, limiting exposure for aggressive traders
- Only supports proprietary platforms, no MT4, MT5, or cTrader access
- Narrower market range limited to stocks, indices, and CFDs
- No forex or cryptocurrency trading available
- Less suited to algorithmic traders reliant on third-party EAs
PT
Purple Trading
Pros
- Offers significantly higher leverage up to 1:500
- Supports three major third-party trading platforms
- Broadest market range including forex, crypto, and commodities
- Regulated by two reputable authorities, CySEC and FCA
- Low barrier-to-entry minimum deposit of just $25
- No hidden deposit or withdrawal fees
Cons
- Slightly lower overall rating at 3.5/5 compared to Tiger Brokers
- Wider spreads starting from 0.2 pips versus competitor's 0 pips
- Higher commission structure at $3/lot
- Regulatory framework considered less stringent than tier-1 MAS or ASIC oversight
- High leverage options increase risk exposure for inexperienced traders
Our expert verdict
Editor's verdict
Overall winner Tiger Brokers
Lowest fees Tiger Brokers
Best regulation Tiger Brokers
Better for beginners Tiger Brokers
Tiger Brokers is our top pick overall, scoring 3.6/5 versus Purple Trading's 3.5/5 on our independent rating scale. Tiger Brokers wins on regulatory strength (MAS, ASIC), cost efficiency (spreads from 0 pips, $0 minimum deposit), and beginner accessibility. Purple Trading remains a viable alternative for traders who specifically need MT4/MT5/cTrader access, high leverage up to 1:500, or a wider spread of tradable markets including forex and crypto.
Regulation & Safety
Tiger Brokers is licensed by the Monetary Authority of Singapore (MAS) and the Australian Securities and Investments Commission (ASIC), two of the most respected tier-1 regulators globally. This dual oversight gives traders strong confidence in fund segregation, transparency, and dispute resolution standards.
Purple Trading operates under CySEC and FCA licences, which are also reputable but generally considered slightly less stringent than MAS or ASIC in terms of leverage caps and enforcement history. Both brokers avoid deposit and withdrawal fees, which is a positive for cost-conscious traders on either side.
For traders who prioritize regulatory pedigree above all else, Tiger Brokers holds a clear structural advantage. That said, CySEC and FCA regulation still provides meaningful investor protections, including compensation schemes in relevant jurisdictions.
Fees, Spreads & Commissions
Cost is where Tiger Brokers truly separates itself. Spreads start from 0 pips compared to Purple Trading's 0.2 pips, and Tiger Brokers charges a minimal $0.01/lot commission versus Purple Trading's $3/lot.
For high-frequency or volume-based traders, this fee gap compounds significantly over time. A trader executing dozens of lots monthly could save substantially by choosing Tiger Brokers' pricing structure.
Purple Trading's higher commission may be justified for traders who value its expanded platform ecosystem and broader asset access, but on pure cost metrics, Tiger Brokers is the more economical choice.
Minimum Deposit & Accessibility
Tiger Brokers requires no minimum deposit at all, making it exceptionally accessible for new traders or those wanting to test the platform with minimal capital commitment.
Purple Trading requires a $25 minimum deposit, which is still low by industry standards but represents a real barrier compared to Tiger Brokers' $0 threshold.
This accessibility factor contributes directly to Tiger Brokers earning our 'Best for Beginners' award, as newer traders can start without needing to commit upfront funds.
Trading Platforms & Tools
Purple Trading holds a clear edge in platform variety, supporting the industry-standard MT4 and MT5 terminals alongside cTrader — three total platform options favored by algorithmic and technically-driven traders.
Tiger Brokers instead relies on its own proprietary web and mobile platforms. These are streamlined and modern, but lack the third-party expert advisor (EA) ecosystem and advanced charting plugins that MT4/MT5 users often expect.
Traders who depend on automated strategies, custom indicators, or cTrader's depth-of-market tools will likely find Purple Trading's platform suite more accommodating for advanced technical workflows.
Leverage & Market Range
Purple Trading offers considerably higher maximum leverage at 1:500, compared to Tiger Brokers' more conservative 1:4 cap. This makes Purple Trading notably more attractive to forex and CFD traders seeking amplified exposure.
Purple Trading also supports six market categories — forex, CFDs, indices, commodities, stocks, and crypto — versus Tiger Brokers' three (stocks, indices, CFDs). This breadth suits diversified multi-asset traders.
However, higher leverage carries proportionally higher risk, and traders should weigh Purple Trading's flexibility against Tiger Brokers' more risk-conscious structure depending on their personal risk tolerance.
Our Verdict
Tiger Brokers earns the higher overall rating at 3.6/5 against Purple Trading's 3.5/5, driven primarily by superior regulation, lower costs, and easier account accessibility. It's our top pick for beginners, low-fee seekers, and regulation-focused investors.
Purple Trading remains a strong contender for traders prioritizing high leverage, a wider market selection, and established third-party trading platforms like MT4, MT5, and cTrader.
Ultimately, your choice should hinge on your trading priorities: choose Tiger Brokers for cost efficiency and safety, or Purple Trading for flexibility and platform familiarity.
Verdict summary
The bottom line — category winners and our final pick based on ratings.
Editor's verdict
Tiger Brokers wins overall
Tiger Brokers edges out Purple Trading overall based on our expert rating score.
TB
Highest Rated
Tiger Brokers
3.6 / 5 / 5
Category winners
Overall winner
Based on overall expert rating (3.6/5).
Tiger BrokersBetter for beginners
Stronger onboarding and educational resources.
Tiger BrokersLower trading costs
More competitive spreads and baseline commissions.
Tiger BrokersStronger regulation
Higher trust based on tier-1 regulatory oversight.
Tiger Brokers
Frequently asked questions
Based on our independent rating system, Tiger Brokers edges out Purple Trading with a score of 3.6/5 compared to 3.5/5. Tiger Brokers wins primarily due to stronger tier-1 regulation, tighter spreads, and a lower cost structure, though Purple Trading remains competitive for traders needing higher leverage or broader market access.
Tiger Brokers is the more cost-efficient option, offering spreads from 0 pips and a commission of just $0.01/lot. Purple Trading starts spreads at 0.2 pips with a $3/lot commission, making it noticeably pricier for active traders over time.
Tiger Brokers requires no minimum deposit whatsoever, allowing traders to open an account with $0. Purple Trading requires a modest $25 minimum deposit, which is still relatively low but higher than Tiger Brokers' zero-deposit entry point.
Tiger Brokers is regulated by MAS and ASIC, both considered tier-1 regulatory bodies with rigorous compliance standards. Purple Trading is regulated by CySEC and FCA, which are reputable but generally viewed as slightly less stringent than MAS or ASIC oversight.
Tiger Brokers offers its own proprietary web and mobile trading platforms, designed for simplicity and ease of use. Purple Trading instead supports MT4, MT5, and cTrader, giving traders access to industry-standard tools favored by algorithmic and technical traders.
Purple Trading offers significantly higher leverage of up to 1:500, appealing to forex traders seeking amplified market exposure. Tiger Brokers caps leverage at a much more conservative 1:4, reflecting its more risk-averse positioning.
Tiger Brokers is generally more beginner-friendly due to its $0 minimum deposit and straightforward proprietary platforms. Purple Trading's $25 minimum and third-party platforms like MT4/MT5 may involve a steeper learning curve for absolute newcomers.
Purple Trading supports six market categories including forex, CFDs, indices, commodities, stocks, and crypto. Tiger Brokers offers a narrower selection limited to stocks, indices, and CFDs, making Purple Trading the better option for diversified multi-asset traders.
Yes, there is nothing stopping traders from opening accounts with both brokers simultaneously. Many investors intentionally diversify across multiple platforms to take advantage of different fee structures, regulatory protections, and market access.
Neither broker charges deposit or withdrawal fees, making both platforms transparent in this regard. This means your comparison should focus primarily on spreads, commissions, and minimum deposit requirements rather than hidden transactional costs.
Risk warning: Trading CFDs and forex involves significant risk of loss and is not suitable for all investors. Please consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.