Tier1FX vs Kraken

Tier1FX vs Kraken Comparison Table 2022
Tier1FX Kraken
United States Flag Traders from US not accepted
United States Flag Traders from US accepted
Tier1FX is a regulated CFD and forex trading broker. Kraken is a top-rated cryptocurrency trading exchange offering the largest tokens and altcoins by market cap.
Bonus
None Lower fees when trading volume exceeds $50,000 in 30 days
Instruments
Forex, CFDs, indices, shares, energies, metals, cryptocurrencies Cryptos
Demo Account
Yes Yes
Minimum Deposit
$1,000 $10
Payment Methods
Bitcoin Payments, Clear Junction, Etana, PayID, Silvergate Bank Transfer, Wire Transfer
Minimum Trade
0.01 lots Varies upon the crypto traded
Regulator
MFSA FCA, FinCEN, FINTRAC, AUSTRAC, FSA
Margin Trading
- Yes
MetaTrader 4
Yes No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
- Yes
OmniTrader
- No
TradingView
- No
Autochartist
- No
eSignal
- No
Trading Central
- No
STP Account
- No
ECN Account
No No
DMA Account
No No
MAM Account
- No
PAMM Account
- No
LAMM Account
- No
Demat Account
- No
AI / Machine Learning
- No
Robo Advisor
- No
Negative Balance Protection
- No
Market Maker
- No
P2P Trading
- No
Spot Trading
- Yes
Mobile Apps
Yes Yes
Auto Trading
Yes Kraken Futures is integrated in other platforms which have bots: Bookmap, Caspian, FMZ Quant, Gunbot, HaasOnline, Hyndor, Margin
Trade Signals
No -
VPS Hosting
- No
Tournaments
- No
Demo Competitions
- No
Ethical Investing
- No
Social Trading
No No
Copy Trading
No No
Islamic Account
No No
Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, CHF
Stock Exchanges
- -
CFD
Trade CFDs on indices, FX, precious metals, energies, and cryptocurrencies. CFD trading not offered
Leverage
1:30
FTSE Spread
1.3 pts
GBPUSD Spread
0.4 pips
Oil Spread
2.3 pips
Stocks Spread
N/A
Forex
Trade on dozens of major, minor and exotic FX pairs. Forex trading not offered
GBPUSD Spread
0.4
EURUSD Spread
0.2
EURGBP Spread
0.4
Assets
60
Cryptocurrency
Trade on popular cryptocurrency and USD pairs. Trade over 65 cryptocurrencies including Bitcoin
Spread
0.05 0-0.26% average
Coins
BTC, BCH, ETH, LTC, XRP 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
Crypto Lending
- No
Crypto Mining
- No
Crypto Staking
- Yes
Auto Market Maker
- No
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