Kraken review

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

In this review we compared Kraken with competition based on ⏩ fees, spreads, offer of trading assets and experience of traders.


Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Basic information from Kraken review

About the broker

Web:kraken.com
Readers' rating0 Votes
0
License:AML BSA
Supported languages:English, Spanish, French, Italian, Turkish, Portuguese, Vietnamese and Russian
Year of foundation:2011
Holder: Payward, Inc.
Headquarters: Payward Ltd., 6th Floor, One London Wall, London, EC2Y 5EB
Methods of contacting customer support:E-mail, online chat
Contact:[email protected] N/A
Deposit methods:Bank transfer, Etana Custody, Bank transfer
Withdrawal methods:Bank transfer, Etana Custody, Bank transfer

About trading with Kraken

Minimum deposit:1 USD
Min. trade:0.01
Spreads:Variable
Underlying assets:
Might be a CFD.
Forex, cryptocurrencies
Account currencies: USD, EUR, GBP, JPY, CAD, CHF
Mobile app: Yes
MetaTrader 4:No
Other trading platforms:Web trader
Social trading:No

Random reviews of competing CFD brokers: Forex.ee, RoyalCapitalPro, Colmex Pro and Trade360

The broker has not yet been rated by the visitors of the website. Write a review.

Frequently Asked Questions

🧐 Is Kraken a scam?

We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if Kraken is a scam or not.

🆓 How to open a free demo account?

Opening a demo account with Kraken is very simple, just register on their website.

📱 Does Kraken offer the best mobile app for trading?

Kraken offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.

We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the Kraken mobile app.

⚖️ Would you recommend me Kraken?

Kraken is one of tens (possibly hundreds) of brokers operating in the European Union, Australia, New Zealand, Great Britain and United States of America, and that's why it makes no sense to choose Kraken as a broker where you trade before you compare it with competitors.

Is this an ad?

We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.

BrokerEnglishMin. depositSpread EUR/USD*PlatformsLicense
Readers' rating89 Votes
83
100 EUR 0,8pips
Spread was taken 10.03.2021 at 10:18 from the web or trading platform of Admirals.
MT4, MT5, MT Supreme EditionFCAASIC CySecadmirals.comreviewEUR/USD*: 0,8pips
Spread was taken 10.03.2021 at 10:18 from the web or trading platform of Admirals.
Readers' rating49 Votes
73
200 USD 1.0 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Etoro.
In-house built platform FCAASICCySecetoro.comreview EUR/USD*: 1.0 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Etoro.
Readers' rating111 Votes
75
100 USD 0.8 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Plus500.
In-house built platformFCAASICCySecplus500.comreview EUR/USD*: 0.8 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Plus500.

* The spread is variable for most brokers and changes depending on market volatility.


Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by IQ Option - 84% of retail CFD accounts lose money - advertising partner.

Selecting an unsuitable broker can put even a great trader at a loss.

That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.

If you have any experience with Kraken, please share it in the comments to help others to choose the suitable broker.

Kraken review & user ratings

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Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
Spread and fees
Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
Customer support speed, availability, availability in the language you speak
Total score

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