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UFX vs Kraken

UFX vs Kraken Comparison Table 2023
UFX Kraken
Review
0.8
We do not recommend UFX. We have received numerous complaints about Account Managers forcing deposits and trades, and the website also no longer functions properly. Avoid.
Review
3.9

Kraken is #20 in our crypto broker rankings.

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

UFX are forex trading specialists that also offer popular stocks, ETFs, indices, and commodities. Offering tight spreads and one of the best ranges of major and minor pairs, they are a great option for aspiring FX investors.

Kraken is a top-rated cryptocurrency trading exchange offering the largest tokens and altcoins by market cap.

Pros
  • Regulatory oversight
  • Full range of investments
  • Multiple payment methods offered
  • Low minimum deposit
  • Demo account
Cons
  • No copy trading
  • No MT4 integration
Awards
  • Best Forex Trading Tools - MassInsights™ Technology - UK Forex Awards Winner 2016 & 2017
  • FX Director of the Year - Dennis de Jong - The European 2016 & 2017
  • FX Broker of the Year - The European 2016 & 2017
  • Best Trader Loyalty Programme - UFX Rewards - FX Report Awards 2016
  • Best Trading Platform - MassInsights™ Technology - FX Report Awards 2016
Bonus
Lower fees when trading volume exceeds $50,000 in 30 days
Instruments
ETFs, Commodities, Forex, Stocks, Indices, CFDs Cryptos
Demo Account
Yes Yes
Minimum Deposit
$100 $10
Payment Methods
Minimum Trade
$1 Varies upon the crypto traded
Regulator
CySEC FCA, FinCEN, FINTRAC, AUSTRAC, FSA
Margin Trading
Yes Yes
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No Yes
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
Yes No
STP Account
Yes 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
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android Yes
Auto Trading
Yes (EAs) 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
Yes No
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$100
Islamic Account
Yes No
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
Stock Exchanges
Commodities
CFD Trading
Invest in various markets without owning the underlying asset. Also trade with leverage. CFD trading not offered
Leverage
1:30
FTSE Spread
Variable
GBPUSD Spread<
3 - 5 pips
Oil Spread
5 - 8 pips
Stocks Spread
Variable
Forex Trading
Trade over 60 forex pairs with advanced analysis tools. Forex trading not offered
GBPUSD Spread
3 - 5 pips
EURUSD Spread
2 - 4 pips
EURGBP Spread
4 - 5 pips
Assets
65+
Cryptocurrency
Crypto trading not offered Trade over 65 cryptocurrencies including Bitcoin
Spread
0-0.26% average
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
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No No
Review
Review
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