FP Markets
Kraken
VS
Higher Rated
FP Markets
Capital at risk · T&Cs apply
In the dynamic world of online trading, FP Markets and Kraken stand out for their distinct offerings tailored to different trader profiles. FP Markets, with a strong focus on forex and CFD trading, appeals to traders seeking low spreads and high leverage, supported by industry-standard platforms like MT4 and MT5. In contrast, Kraken is a dedicated cryptocurrency exchange, appealing to crypto enthusiasts who value strong regulatory compliance and a wide range of digital assets. While FP Markets offers a broader range of markets and tools, Kraken provides a specialised environment with robust security for digital currency transactions.
FP Markets
Kraken
| FP Markets | Kraken | |
|---|---|---|
| BrokerRank Score | 3.8/5 ✓ | 3.4/5 |
| Min. Deposit | $100 | $0 ✓ |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:500 ✓ | 1:5 |
| Regulation | ASIC, CySEC | FCA, CFTC |
| Platforms | MT4, MT5, TradingView | Proprietary Web, Proprietary Mobile |
FP Markets is the better choice overall, scoring 3.8/5 vs 3.4/5 on BrokerRank's independent rating. On fees, FP Markets offers lower spreads (0 pips).
See full side-by-side comparison belowFP Markets
Kraken
WinnerFP Markets
Lower feesKraken
FP Markets
3.8/5
Choose FP Markets if you want…
Kraken
3.4/5
Choose Kraken if you want…
FP Markets scores higher overall on our independent rating system. FP Markets holds a 3.8/5 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.
FP Markets offers spreads from 0 pips, while Kraken starts at 0.2 pips. Check the fees section above for a full breakdown.
FP Markets requires a minimum deposit of $100. Kraken requires $0.
FP Markets is regulated by ASIC, CySEC, while Kraken holds licences from FCA, CFTC.
FP Markets supports MT4, MT5, TradingView, Proprietary Mobile. 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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58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
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.