Kraken vs Saxo Bank

Kraken vs Saxo Bank Comparison Table 2023
Kraken	Saxo Bank
Review 3.9 Kraken is #17 in our crypto broker rankings.	Review 4
Traders from US accepted	Traders from US not accepted
Kraken is a top-rated cryptocurrency trading exchange offering the largest tokens and altcoins by market cap.	Saxo is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC.
	66% of retail accounts lose money.
Pros
	Powerful proprietary trading platforms with comprehensive charting packages and advanced analysis tools High-level research hub with curated market reports, plus unique insights with 'Outrageous Predictions' Excellent educational resources including podcasts, webinars and expert-led video insights Access to comprehensive third-party analysis tools including TradingView and Updata Highly accessible and flexible ISA account with no entry or exit fees Heavily regulated and trustworthy brand based in Switzerland Low fees with premium account tiers
Cons
	High deposit requirements for trading accounts Access to Level 2 pricing requires a subscription Clients from some jurisdictions not accepted including the US and Belgium
Bonus
Lower fees when trading volume exceeds $50,000 in 30 days
Instruments
Cryptos	Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
Demo Account
Yes	Yes
Minimum Deposit
$10
Payment Methods
Bitcoin Payments Clear Junction Etana Ethereum Payments PayID Silvergate Bank Transfer Wire Transfer	Credit Card JCB Card Mastercard TransferWise Visa Wire Transfer
Minimum Trade
Varies upon the crypto traded	Vary by asset
Regulator
FCA, FinCEN, FINTRAC, AUSTRAC, FSA	DFSA, MAS, FCA, SFC
Margin Trading
Yes	No
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
Yes	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	Yes
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	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
Yes	SaxoTraderGo (iOS, Android, Windows)
Auto Trading
Kraken Futures is integrated in other platforms which have bots: Bookmap, Caspian, FMZ Quant, Gunbot, HaasOnline, Hyndor, Margin
Copy Trading
No	No
Social Trading
No	No
Trade Signals
	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	Yes
Account Currencies
USD EUR GBP CAD AUD JPY CHF	USD EUR GBP CAD AUD JPY SEK DKK CHF
Stock Exchanges
	London Stock Exchange New York Stock Exchange S&P 500 Shenzhen Stock Exchange Toronto Stock Exchange
Commodities
	Copper Corn Gold Natural Gas Oil Silver
CFD Trading
CFD trading not offered	Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals.
Leverage
	1:30
FTSE Spread
	1.2 pts (Variable)
GBPUSD Spread
	0.7 (var)
Oil Spread
	0.03
Stocks Spread
	0.10% (subject to min commission)
Forex Trading
Forex trading not offered	Get tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips.
GBPUSD Spread
	0.7 (varies by region)
EURUSD Spread
	0.2 (varies by region)
EURGBP Spread
	0.6 (varies by region)
Assets
	40+
Cryptocurrency
Trade over 65 cryptocurrencies including Bitcoin	Trade cryptos against major fiat currencies or take a longer-term view with ETNs.
Spread
0-0.26% average	Variable
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 ETH LTC XRP XTZ SOL ADA DOT
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
Yes	No
Auto Market Maker
No	No

Review	Review
	66% of retail accounts lose money.
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