CMC Markets
Kraken
VS
Higher Rated
CMC Markets
Capital at risk · T&Cs apply
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 ✓ | 3.4/5 |
| 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 |
CMC Markets is the better choice overall, scoring 4.0/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Kraken offers lower spreads (0.2 pips).
See full side-by-side comparison belowCMC Markets
WinnerKraken
CMC Markets
Lower feesKraken
CMC Markets
4.0/5
Choose CMC Markets if you want…
Kraken
3.4/5
Choose Kraken if you want…
CMC Markets scores higher overall on our independent rating system. CMC Markets holds a 4.0/5 rating vs Kraken's 3.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
CMC Markets offers spreads from 0.7 pips, while Kraken starts at 0.2 pips. Check the fees section above for a full breakdown.
CMC Markets requires a minimum deposit of $0. Kraken requires $0.
CMC Markets is regulated by FCA, ASIC, MAS, while Kraken holds licences from FCA, CFTC.
CMC Markets supports Proprietary Web, Proprietary Mobile, MT4. Kraken supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
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71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
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.