Kraken vs SimpleFX

Kraken vs SimpleFX Comparison Table 2022
Kraken SimpleFX
United States Flag Traders from US accepted
United States Flag Traders from US not accepted
Kraken is a top crypto trading exchange offering the largest altcoins by market cap. SimpleFX is a CFD broker offering its own SFX WebTrader platform & low fees.
Bonus
None 50% spread cashback
Instruments
Cryptos Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
0.0001 XBT $0
Payment Methods
Bitcoin Payments, Clear Junction, Etana, PayID, Silvergate Bank Transfer, Wire Transfer Bitcoin Payments, FasaPay, Neteller, Skrill
Minimum Trade
0.0002 XBT 0.01 lots
Regulator
FCA, FinCEN, FINTRAC, AUSTRAC, FSA
Margin Trading
No No
MetaTrader 4
No Yes
MetaTrader 5
No No
cTrader
No No
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 No
Market Maker
No No
P2P Trading
Yes No
Spot Trading
Yes No
Mobile Apps
Yes Yes
Auto Trading
- Yes
Trade Signals
- Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Social Trading
No Yes
Copy Trading
No No
Islamic Account
No No
Account Currencies
- -
CFD
CFD trading not offered Leveraged CFD products are available in multiple financial markets.
Leverage
1:500
FTSE Spread
1.3
GBPUSD Spread
1.2
Oil Spread
0.03
Stocks Spread
Variable
Forex
Forex trading not offered Trade currency pairs with tight spreads and 1:500 leverage.
GBPUSD Spread
1.2
EURUSD Spread
0.9
EURGBP Spread
0.9
Assets
60
Cryptocurrency
Trade crypto and US Dollar CFDs.
Spread
0-2% average From 0.0001
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, BHC, LTC, ETH, ETC, XRP, LNK
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
- -
Auto Market Maker
No No
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