Kraken vs Trade Republic

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Kraken vs Trade Republic Comparison Table 2024
Kraken Trade Republic
3.9

Kraken is #19 in our crypto broker rankings.

2.8
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.

Trade Republic is a German investment firm, regulated by the Federal Bank of Germany (BaFin). Available in Europe, it has attracted over 4 million users and manages client assets of approximately €35 billion. Trade Republic offers trading in stocks, crypto and ETFs with a minimum investment of just €1 and interest up to 3.75% paid on uninvested cash balances.

Investing in the stock markets carries risk: the value of investments can go up as well as down and you may receive back less than your original investment. Individual investors should make their own decisions or seek independent advice.
Bonus Offer
Lower fees when trading volume exceeds $50,000 in 30 days
Comment by Reviewer
"Kraken will suit traders looking for a diverse list of cryptos including Bitcoin and a good security track record." "Trade Republic is best for long-term traders looking to set up automated investments (weekly, monthly or quarterly). However, its education and research tools are lacking, support is hit and miss based on tests and only European residents can sign up with the platform."
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
  • Trade Republic is trusted, with authorization from Germany’s BaFin, a ‘green tier’ regulator in line with Day Trading.com’s Regulation & Trust Rating, while up to €100,000 is available in investor compensation.
  • The investment offering at Trade Republic is head and shoulders above most competitors, with 8000+ stocks, 500+ ETFs, 40,000+ derivatives and 50+ cryptos.
  • Trade Republic has clearly invested in its mobile trading environment with a sleek and ultra-modern mobile app that features simple navigation and an easy-to-use interface.
  • You can earn up to 3.75% interest on unlimited cash balances with payments paid monthly and zero restrictions on withdrawals.
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 demo account and threadbare education reduces its appeal to newer traders, especially compared to brokers like eToro with its $100K simulator, zero time limit and stacked academy.
  • Despite telephone and email assistance, Trade Republic still needs to improve its customer support, with no live chat available during testing and a fairly basic help centre which may deter aspiring investors.
  • Trade Republic lacks the comprehensive financial solutions available at alternatives, notably Revolut with limited foreign exchange services, multi-currency accounts, and premium banking solutions.
Instruments
Cryptos Stocks, ETFs, Indices, Derivatives, Cryptos
Demo Account
Yes No
Minimum Deposit
$10 $0
Trading Platforms
  • AlgoTrader
  • Own
Payment Methods
Minimum Trade
Variable 0.01 Lots
Regulator
FCA, FinCEN, FINTRAC, AUSTRAC, FSA BaFin, Bundesbank
Margin Trading
Yes Yes
STP Account
No Yes
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
No No
Spot Trading
Yes Yes
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
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
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
  • EUR
Stock Exchanges
Commodities
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. Trade Republic offers an average range of 50+ crypto coins such as Bitcoin, Ethereum and Ripple. You can buy, sell, hold and trade digital currencies 24/7 for as little as €1 while the cold wallet storage solutions, which are regulated in Germany and Austria, help create a secure investing environment.
Spread
0-0.26% average Market
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
  • SOL
  • ETH
  • BCH
  • XRP
  • DOT
  • AVAX
  • FET
  • LNK
  • ADA
  • LTC
  • NEAR
  • UNI
  • MATIC
  • TRX
  • FTM
  • XLM
  • HBAR
  • ALGO
  • STORJ
  • GRT
  • AMP
  • SUSHI
  • BAL
  • OMG
  • CHZ
  • MKR
  • COMP
  • ZRX
  • YFI
  • ANT
  • AXS
  • CTSI
  • LRC
  • BAND
  • PERP
  • OXT
  • UMA
  • AAVE
  • SAND
  • KNC
  • CRV
  • AUDIO
  • ENJ
  • BAT
  • MIR
  • SNX
  • EOS
  • OGN
  • DYDX
  • 1INCH
  • BNT
  • CQT
  • OCEAN
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
Yes No
Auto Market Maker
No No
Investing in the stock markets carries risk: the value of investments can go up as well as down and you may receive back less than your original investment. Individual investors should make their own decisions or seek independent advice.