We have compared Oanda and Purple Trading to see what the key differences are between these brokers.
Our goal was to create a comparison of brokers so you can get an overview of their features, fees, trading platforms, instruments and more.
Below is a comparison of Oanda VS Purple Trading
During our testing, we evaluated various points that we liked, disliked or were indifferent to. When evaluating certain features, we tried to be objective and fair based on what features the broker offered versus how competitive its fees were. In addition, we created our own unique rating system that we use to judge all brokers.
Compare broker parameters depending on what you are interested in, cryptocurrencies, stocks, commodities or Forex? What is the difference between brokers Oanda vs Purple Trading?
At broker Oanda you can trade a total of 71 currency pairs, in total you can find over 89+ instruments.
At broker Purple Trading you can trade a total of 59 of currency pairs, in total you will find over 0 instruments.
Broker Oanda provides
Has Education – CFDs,
Has Education – Forex.
Broker Purple Trading offers trading platforms of type
MetaTrader 4 (MT4),
cTrader,
Web Platform.
Investments
| # |
Oanda |
Purple Trading |
| Currency Pairs (Total Forex pairs) |
71 |
59 |
| CFDs – Total Offered |
89+ |
0 |
|
Options
CFD
|
No
|
No
|
|
Share CFDs
|
Yes
|
No
|
|
Forex
CFD
|
Yes
|
Yes
|
|
Commodities
CFD
|
Yes
|
Yes
|
|
ETF
CFD
|
No
|
Yes
|
|
Indicies
CFD
|
Yes
|
Yes
|
|
Cryptocurrency traded as actual
|
No
|
No
|
|
Cryptocurrency traded as CFD
|
No
|
Yes
|
| Real Stocks and ETFs |
Yes
|
Yes
|
| Investments rating |
50%
|
62%
|
| Winner |
|
|
Cost
| # |
Oanda |
Purple Trading |
|
Average Spread EUR/USD
* Spread is dated 02.01.2024 12:00, spread amount is subject to change.
|
1 |
0.3 |
| Deposit from |
1 |
100 |
| Account fee |
No
|
No
|
| Inactivity fee |
Yes
|
No
|
| Active Trader or VIP Discounts |
No
|
No
|
| Withdrawal fees |
Yes
|
No
|
| Deposit fees |
No
|
No
|
| Cost rating |
60%
|
100%
|
| Winner |
|
|
Trading Platforms
| # |
Oanda |
Purple Trading |
| Desktop Platform (Windows) |
No
|
No
|
| Web Platform |
No
|
Yes
|
| Social Trading / Copy-Trading |
Yes
|
No
|
| MetaTrader 4 (MT4) |
Yes
|
Yes
|
| MetaTrader 5 (MT5) |
No
|
No
|
| Currenex |
No
|
No
|
| cTrader |
No
|
Yes
|
| Trading Platforms rating |
100%
|
100%
|
| Winner |
|
|
Trading Tools
| # |
Oanda |
Purple Trading |
| Financial leverage |
Yes
|
No
|
| Virtual Trading (Demo) |
Yes
|
No
|
| Alerts – Basic Fields |
Yes
|
No
|
| Charting – Indicators / Studies (Total) |
Yes
|
No
|
| Charting – Drawing Tools (Total) |
Yes
|
No
|
| Charting – Trade From Chart |
Yes
|
No
|
| Stop-Loss |
Yes
|
No
|
| Finacial Calendar |
Yes
|
No
|
| Daily financial news |
Yes
|
No
|
| Order Type – Trailing Stop |
Yes
|
No
|
| Trading Tools rating |
100%
|
0%
|
| Winner |
|
|
Mobile Trading
| # |
Oanda |
Purple Trading |
| Android App |
Yes
|
No
|
| Apple iOS App |
Yes
|
No
|
| Alerts – Basic Fields |
Yes
|
No
|
| SMS alerts |
No
|
No
|
| Mobile Trading |
Yes
|
No
|
| Mobile Trading rating |
80%
|
0%
|
| Winner |
|
|
Research
| # |
Oanda |
Purple Trading |
| Daily Market Commentary |
Yes
|
No
|
| Forex News (Top-Tier Sources) |
Yes
|
No
|
| Weekly Webinars |
No
|
No
|
| Social Sentiment – Currency Pairs |
No
|
No
|
| Economic Calendar |
No
|
No
|
| Research |
No
|
No
|
| Research rating |
33%
|
0%
|
| Winner |
|
|
Education
| # |
Oanda |
Purple Trading |
| Has Education – Forex |
Yes
|
No
|
| Has Education – CFDs |
Yes
|
No
|
| Client Webinars |
No
|
No
|
| Videos – Advanced Trading Videos |
No
|
No
|
| Investor Dictionary (Glossary) |
No
|
No
|
| Education |
No
|
No
|
| Education rating |
33%
|
0%
|
| Winner |
|
|
Major Forex Pairs
| # |
Oanda |
Purple Trading |
| GBP/USD |
Yes
|
No
|
| USD/JPY |
Yes
|
No
|
| EUR/USD |
Yes
|
No
|
| USD/CHF |
Yes
|
No
|
| USD/CAD |
Yes
|
No
|
| NZD/USD |
Yes
|
No
|
| AUD/USD |
No
|
No
|
| Major Forex Pairs rating |
86%
|
0%
|
| Winner |
|
|
Commodities
| # |
Oanda |
Purple Trading |
| Gold |
No
|
No
|
| Silver |
Yes
|
No
|
| WIT Oil |
No
|
No
|
| Brent Oil |
No
|
No
|
| Coffee |
Yes
|
No
|
| Cocoa |
No
|
No
|
| Soybeans |
No
|
No
|
| Rice |
No
|
No
|
| Corn |
No
|
No
|
| Platinum |
No
|
No
|
| Palladium |
No
|
No
|
| Commodities rating |
18%
|
0%
|
| Winner |
|
|
Indices
| # |
Oanda |
Purple Trading |
| DAX 30 |
Yes
|
No
|
| S&P 500 |
Yes
|
No
|
| Nasdaq |
Yes
|
No
|
| Dow Jones |
No
|
No
|
| Nikkei |
No
|
No
|
| Indices rating |
60%
|
0%
|
| Winner |
|
|
Cryptocurrencies
| # |
Oanda |
Purple Trading |
| Bitcoin |
No
|
No
|
| Litecoin |
No
|
No
|
| Ethereum |
No
|
No
|
| Ripple |
No
|
No
|
| Neo |
No
|
No
|
| Stellar |
No
|
No
|
| Cardano |
No
|
No
|
| Tron |
No
|
No
|
| Monero |
No
|
No
|
| EOS |
No
|
No
|
| Cryptocurrencies rating |
0%
|
0%
|
| Winner |
|
|
Regulations
| # |
Oanda |
Purple Trading |
| Cysec |
No
|
Yes
|
| ASIC (Australia) |
Yes
|
No
|
| FCA (UK) |
Yes
|
Yes
|
| Authorised in the European Union (EU) |
No
|
Yes
|
| CFTC Registered (USA) |
Yes
|
No
|
| FINMA (Switzerland) |
No
|
No
|
| Regulations rating |
50%
|
50%
|
| Winner |
|
|
Support
| # |
Oanda |
Purple Trading |
| Chat |
No
|
No
|
| Phone |
No
|
Yes
|
| Mail |
Yes
|
Yes
|
| Support rating |
33%
|
67%
|
| Winner |
|
|
Overall
