CMC Markets vs Kraken 2026: Which Broker is Better?
In the realm of online trading, CMC Markets and Kraken cater to distinct trader profiles, primarily differentiated by their market offerings and trading platforms. CMC Markets, with its comprehensive suite of over 10,000 instruments including CFDs, forex, and commodities, appeals to traders seeking diverse asset classes and advanced trading tools on platforms like the award-winning Next Generation. Conversely, Kraken is a dedicated cryptocurrency exchange, attracting crypto enthusiasts who prioritise strong regulatory compliance and efficient fiat on/off ramps, despite its relatively higher fees and limited leverage options. Understanding these key differences can help traders select the broker that aligns best with their trading strategies and preferences.
CMC Markets
Kraken
| CMC Markets | Kraken | |
|---|---|---|
| BrokerRank Score | 4.0/5 | 4.3/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0.7 pips | 0.2 pips ✓ |
| Max Leverage | 1:500 ✓ | 1:5 |
| Regulation | FCA, ASIC, MAS ✓ | FCA, CFTC |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | Proprietary Web, Proprietary Mobile |
Kraken is the better choice overall, scoring 4.3/5 vs 4.0/5 on BrokerRank's independent rating. On fees, Kraken offers lower spreads (0.2 pips).
See full side-by-side comparison belowCMC Markets vs Kraken: Key Differences
CMC Markets
Kraken
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Fees Comparison
CMC Markets
Lower feesKraken
BrokerRank Verdict
Who Should Choose Which?
CMC Markets
4.0/5
Choose CMC Markets if you want…
- No per-trade commission
- Higher leverage (up to 1:500)
- More regulatory licences (3)
- More market types (6)
Kraken
4.3/5
Choose Kraken if you want…
- Higher overall rating (4.3/5)
- Tighter spreads (from 0.2 pips)
Also consider
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Both CMC Markets & Kraken are available in
Frequently Asked Questions
1Is CMC Markets better than Kraken?
Kraken scores higher overall on our independent rating system. CMC Markets holds a 4.0/5 rating vs Kraken's 4.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, CMC Markets or Kraken?
CMC Markets offers spreads from 0.7 pips, while Kraken starts at 0.2 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for CMC Markets vs Kraken?
CMC Markets requires a minimum deposit of $0. Kraken requires $0.
4Which broker is safer, CMC Markets or Kraken?
CMC Markets is regulated by FCA, ASIC, MAS, while Kraken holds licences from FCA, CFTC.
5What trading platforms do CMC Markets and Kraken support?
CMC Markets supports Proprietary Web, Proprietary Mobile, MT4. Kraken supports Proprietary Web, Proprietary Mobile.
6Can I use both CMC Markets and Kraken?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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BrokerRank Research
Only 26% of Brokers Are Truly Fee-Free
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58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
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76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
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