Freetrade
Kraken
VS
Higher Rated
Kraken
Capital at risk · T&Cs apply
In this broker comparison, we examine Freetrade and Kraken, two platforms catering to different trading needs. Freetrade, based in London, is ideal for UK investors seeking commission-free stock trading and tax-efficient savings accounts like ISAs and SIPPs, but it lacks global market access and advanced trading tools. In contrast, Kraken, headquartered in San Francisco, appeals to cryptocurrency traders with its robust regulatory compliance and strong fiat on/off ramps, although it comes with higher fees and a user interface that may challenge novices. Each platform's unique offerings make them suitable for distinct types of traders, from stock enthusiasts to crypto aficionados.
Freetrade
Kraken
| Freetrade | Kraken | |
|---|---|---|
| BrokerRank Score | 3.0/5 | 3.4/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:1 | 1:5 ✓ |
| Regulation | FCA | FCA, CFTC ✓ |
| Platforms | Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Kraken is the better choice overall, scoring 3.4/5 vs 3.0/5 on BrokerRank's independent rating. On fees, Freetrade offers lower spreads (0 pips).
See full side-by-side comparison belowFreetrade
Kraken
Freetrade
Lower feesKraken
Freetrade
3.0/5
Choose Freetrade if you want…
Kraken
3.4/5
Choose Kraken if you want…
Kraken scores higher overall on our independent rating system. Freetrade holds a 3.0/5 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.
Freetrade offers spreads from 0 pips, while Kraken starts at 0.2 pips. Check the fees section above for a full breakdown.
Freetrade requires a minimum deposit of $0. Kraken requires $0.
Freetrade is regulated by FCA, while Kraken holds licences from FCA, CFTC.
Freetrade supports 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.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.