Kraken vs PrimeXBT

Kraken vs PrimeXBT Comparison Table 2024
Kraken PrimeXBT
3.9

Kraken is #24 in our crypto broker rankings.

4.1
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

Kraken is a leading cryptocurrency exchange with a proprietary trading terminal and a list of 220+ 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. The exchange also supports crypto staking and has an interactive NFT marketplace.

PrimeXBT is a multi-asset platform offering highly leveraged trading in forex, indices, commodities and cryptocurrencies. The company launched in 2018 and now has over 1 million users from more than 150 countries. With no minimum deposit, copy trading features and low commissions, the broker remains a popular option among crypto trading novices.

Customer Reviews
5
Bonus Offer
Lower fees when trading volume exceeds $50,000 in 30 days $100 Deposit Bonus
Comment by Reviewer
"Kraken will suit traders looking for a diverse list of cryptos including Bitcoin and a good security track record." "PrimeXBT is good for beginners looking to trade crypto derivatives among traditional assets like forex and indices. There's also a proprietary copy trading solution for novices looking to learn from more experienced investors. With that said, the lack of regulation means traders will receive limited safeguards."
Pros
  • Very good security track record with no hacks in a decade since launch
  • Excellent range of 220+ more established cryptocurrencies
  • NFT marketplace and crypto staking available
  • Great trading platform and mobile app
  • Low exchange fees on Kraken Pro
  • 50x leverage on futures trading
  • Low minimum deposit of $10
  • 3D secure required
  • Mobile investing
  • Crypto staking
  • The broker’s platform and app offer advanced charting features, including 50+ technical indicators, a customizable layout and multiple order types including OCO
  • PrimeXBT offers low maker and taker fees coming in at 0.01% and 0.02%, respectively, for crypto futures contracts
  • There’s a range of additional trading opportunities on offer, including demo contests and a copy trading solution
  • The broker delivers ultra-fast trade execution speeds, averaging <7.12 ms - ideal for active day traders
  • Beginners can access a crypto trading Academy with bite-size resources and YouTube videos
  • The broker offers 24/7 customer support via live chat, as well as an extensive help centre
Cons
  • Slow verification process on Pro account
  • Does not support many newer altcoins
  • Low leverage on spot trading
  • Does not accept fiat deposits
  • Slow verification times
  • The lack of reputable regulatory oversight is a security concern, though this is common in the crypto trading industry
  • The total selection of 110+ assets is far fewer than top competitors, including OKX with 400+
  • It’s a shame that there are no popular third-party platforms on offer such as MT4
Awards
  • Best Crypto Trading App
  • Best Platform For Margin Trading
  • Most Trusted Crypto Asset Trading Platform
  • Best Crypto And Forex Broker
Instruments
Cryptos CFDs, Cryptos, Forex, Indices, Commodities, Futures
Demo Account
Yes Yes
Minimum Deposit
$10 $0
Trading Platforms
  • AlgoTrader
  • Own
Payment Methods
Minimum Trade
Variable 0.01 Lots
Regulator
FCA, FinCEN, FINTRAC, AUSTRAC, FSA
Margin Trading
Yes Yes
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
Yes iOS & Android
Auto Trading
Kraken Futures is integrated in other platforms which have bots: Bookmap, Caspian, FMZ Quant, Gunbot, HaasOnline, Hyndor, Margin Yes
Copy Trading
No Yes
Copy Trading Platform
PrimeXBT offers a decent copy trading service where traders can follow the strategies of other users with free and paid-for signals. Once you have found a suitable strategy provider, you simply need to hit ‘follow’ to get started.
Social Trading
No Yes
Trade Signals
No
VPS Hosting
No No
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered PrimeXBT offers CFDs across four asset classes with very high leverage up to 1:1000. Beginners can also take advantage of the broker’s useful technical analysis guides and CFD education, plus 24/7 in-platform support via live chat.
Leverage
1:1000
FTSE Spread
Variable
GBPUSD Spread
Variable
Oil Spread
Variable
Stocks Spread
Variable
Forex Trading
Forex trading not offered PrimeXBT offers 50 forex pairs, which is above the industry average and covers a good range of majors, minors and exotics. Traders can enjoy trading via margin with zero commissions. Additionally, the broker’s copy trading service allows you to explore various currency trading strategies.
GBPUSD Spread
Variable
EURUSD Spread
Variable
EURGBP Spread
Variable
Assets
45+
Cryptocurrency
Kraken is a specialized crypto exchange and supports more than 220 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. Traders can speculate on popular cryptos with commissions as low as 0.05% and high leverage up to 1:200. Additionally, the broker continues to improve its offering by introducing crypto futures as well as trading contests with real prizes.
Spread
0-0.26% average 0.05% BTC, 0.05% ETH
Coins
  • AAVE
  • ALGO
  • ANT
  • REP
  • REPV2
  • BAT
  • BAL
  • XBT
  • BCH
  • ADA
  • LINK
  • COMP
  • ATOM
  • CRV
  • DAI
  • DASH
  • MANA
  • XDG
  • EWT
  • EOS
  • ETH
  • ETC
  • FIL
  • FLOW
  • GNO
  • ICX
  • KAVA
  • KEEP
  • KSM
  • KNC
  • LSK
  • LTC
  • MLN
  • XMR
  • NANO
  • OCEAN
  • OMG
  • OXT
  • PAXG
  • DOT
  • QTUM
  • XRP
  • SC
  • XLM
  • STORJ
  • SNX
  • TBTC
  • USDT
  • XTZ
  • GRT
  • TRX
  • UNI
  • USDC
  • WAVES
  • YFI
  • ZEC
  • BNB
  • BTC
  • LTC
  • ETH
  • XRP
  • EOS
  • ADA
  • DOT
  • SOL
  • UNI
  • LINK
  • DOGE
  • BNB
  • ICP
  • SAND
  • more
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
Yes No
Auto Market Maker
No No
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