FP Markets vs Kraken 2026: Which Broker is Better?
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 | 4.3/5 ✓ |
| 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 |
Kraken is the better choice overall, scoring 4.3/5 vs 3.8/5 on BrokerRank's independent rating. On fees, FP Markets offers lower spreads (0 pips).
See full side-by-side comparison belowFP Markets vs Kraken: Key Differences
FP Markets
Kraken
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Fees Comparison
FP Markets
Lower feesKraken
BrokerRank Verdict
Who Should Choose Which?
FP Markets
3.8/5
Choose FP Markets if you want…
- Tighter spreads (from 0 pips)
- Higher leverage (up to 1:500)
- More market types (6)
- More established (est. 2005)
Kraken
4.3/5
Choose Kraken if you want…
- Higher overall rating (4.3/5)
- No minimum deposit
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both FP Markets & Kraken are available in
Frequently Asked Questions
1Is FP Markets better than Kraken?
Kraken scores higher overall on our independent rating system. FP Markets holds a 3.8/5 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, FP Markets or Kraken?
FP Markets offers spreads from 0 pips, while Kraken starts at 0.2 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for FP Markets vs Kraken?
FP Markets requires a minimum deposit of $100. Kraken requires $0.
4Which broker is safer, FP Markets or Kraken?
FP Markets is regulated by ASIC, CySEC, while Kraken holds licences from FCA, CFTC.
5What trading platforms do FP Markets and Kraken support?
FP Markets supports MT4, MT5, TradingView, Proprietary Mobile. Kraken supports Proprietary Web, Proprietary Mobile.
6Can I use both FP 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
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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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