Your capital is at risk. Trade only with funds you can afford to lose.
Kraken
#50 in our crypto broker rankings
Accepts traders from Aruba
Rating breakdown
- Regulation & trust3.01.5 lower than Interactive Brokers (4.5)
- Assets & markets3.80.9 lower than Interactive Brokers (4.7)
- Fees & costs3.90.4 lower than Interactive Brokers (4.3)
- Platforms & tools3.50.2 higher than Interactive Brokers (3.3)
- Accounts & banking3.80.3 higher than Interactive Brokers (3.5)
- Education3.01.3 lower than Interactive Brokers (4.3)
- Research1.52.9 lower than Interactive Brokers (4.4)
- Customer support3.80.8 higher than Interactive Brokers (3.0)
Interactive Brokers’s score. Numbers show the difference.
Interactive Brokers
Doesn't accept traders from Aruba. See available CFD brokers
Not available in your countryRead Interactive Brokers review
Rating breakdown
- Regulation & trust4.51.5 higher than Kraken (3.0)
- Assets & markets4.70.9 higher than Kraken (3.8)
- Fees & costs4.30.4 higher than Kraken (3.9)
- Platforms & tools3.30.2 lower than Kraken (3.5)
- Accounts & banking3.50.3 lower than Kraken (3.8)
- Education4.31.3 higher than Kraken (3.0)
- Research4.42.9 higher than Kraken (1.5)
- Customer support3.00.8 lower than Kraken (3.8)
Kraken’s score. Numbers show the difference.
| Kraken | Interactive Brokers | |
|---|---|---|
| Overview | Kraken is a leading cryptocurrency exchange with a proprietary trading terminal and a list of 600+ tradeable crypto tokens. Up to 1:5 leverage is available with stable rollover fees on spot crypto trading and up to 1:50 on futures. | Interactive Brokers (IBKR) is a premier brokerage, providing access to over 170 markets across 40 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe. |
| Customer Reviews | Based on 2 customer reviews | Based on 4 customer reviews |
| Trustpilot Score | ||
| Comment by Reviewer | “Kraken will suit traders looking for a diverse list of cryptos including Bitcoin and a good security track record.” | “Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry.” |
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| Awards | – |
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| Instruments | Cryptos, xStocks, Pre-IPO Perpetual Futures | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies, CFDs |
| Demo Account | Yes | Yes |
| Minimum Deposit | $10 | $0 |
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| Payment Methods | ||
| Minimum Trade | Variable | $1 |
| Regulator | FINTRAC, AUSTRAC, CySEC, CBI | SEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS |
| Margin Trading | Yes | Yes |
| Margin Rate | – | 5.5% - 6.13% (depending on account tier) |
| STP Account | No | Yes |
| ECN Account | No | No |
| DMA Account | No | Yes |
| MAM Account | No | Yes |
| PAMM Account | No | No |
| LAMM Account | No | No |
| Demat Account | No | Yes |
| AI / Machine Learning | No | Yes |
| Robo Advisor | No | Yes |
| Negative Balance Protection | No | Yes |
| Market Maker | No | No |
| P2P Trading | No | No |
| Spot Trading | Yes | Yes |
| Mobile Apps | Yes | iOS & Android |
| App Review | We've tested Kraken in a live account and it's an intuitive app, especially compared to alternatives like Binance. You can explore tokens, manage your portfolio, and set up a buy, recurring buy, sell or convert assets in a few taps after pressing the '+' icon in the bottom menu. 2FA and biometric login make for a secure mobile experience, while it's one of the few crypto apps to offer a route to secure potential prop funding from your palm. | The IBKR Mobile app, available on both iOS and Android devices, makes your phone a powerful gateway to your IBKR accounts, offering you the freedom to keep an eye on portfolios, initiate trades, and dive into real-time quotes and charts, all while managing your account activities on the fly. This app stands out for its intuitive design, making it especially welcoming for those just starting their trading journey, providing a smoother and more accessible experience than the more complex TWS platform. |
| Android App Rating | ||
| iOS App Rating | ||
| Auto Trading | Kraken Futures is integrated in other platforms which have bots: Bookmap, Caspian, FMZ Quant, Gunbot, HaasOnline, Hyndor, Margin | TWS API |
| Copy Trading | No | No |
| Social Trading | No | No |
| VPS Hosting | No | No |
| Tournaments | No | No |
| Demo Competitions | No | No |
| Ethical Investing | No | Yes |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | $0 | $0 |
| Islamic Account | No | No |
| Account Currencies |
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| Stock Exchanges | – |
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| Commodities | – | |
| CFD Trading | ||
| Overview | CFD trading not offered | Over 8,000 CFDs are offered on a vast array of instruments, encompassing stocks, indices, forex, and commodities. Moreover, the TWS platform lends itself to seasoned day traders, offering a comprehensive selection of over 100 order types and algorithms, alongside premium market data sourced from reputable sources such as Reuters and Dow Jones. |
| Leverage | – | 1:50 |
| FTSE Spread | – | 0.005% (£1 Min) |
| GBPUSD Spread | – | 0.08-0.20 bps x trade value |
| Oil Spread | – | 0.25-0.85 |
| Stocks Spread | – | 0.003 |
| Forex Trading | ||
| Overview | Forex trading not offered | IBKR presents an extensive range of over 100 major, minor, and exotic forex pairs, surpassing the offerings of nearly all leading alternatives, though not CMC Markets. Forex trading occurs over multiple platforms and boasts institutional-grade spreads starting from 0.1 pips and over 100 complex order types, including brackets, scale, and one-cancels-all (OCA) orders. |
| GBPUSD Spread | – | 0.08-0.20 bps x trade value |
| EURUSD Spread | – | 0.08-0.20 bps x trade value |
| EURGBP Spread | – | 0.08-0.20 bps x trade value |
| Assets | – | 100+ |
| Cryptocurrency | ||
| Overview | Kraken is a specialized crypto exchange and supports more than 600 cryptocurrencies. These include all of the established tokens like Bitcoin as well as some altcoins. Traders can make trades on spot crypto markets with up to 1:5 leverage or on futures with up to 1:50. Fees are low and the platform is super easy to pick up. | IBKR lets you purchase and hold Bitcoin, Bitcoin Cash, Ethereum, and Litecoin at competitive commission rates and without needing a crypto wallet. Additionally, there is a range of other diverse assets to explore, such as crypto indices like the NYSE Bitcoin Index, as well as futures contracts like the BAKKT Bitcoin Futures. |
| Spread | 0-0.26% average | 0.12%-0.18% |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | Yes | No |
| Auto Market Maker | No | No |
Not available in your countryRead Interactive Brokers review