FXCM
Kraken
VS
Higher Rated
FXCM
Capital at risk · T&Cs apply
When comparing FXCM and Kraken, the key distinction lies in their market focus: FXCM specialises in forex and CFDs, while Kraken is a leading cryptocurrency exchange. FXCM appeals to traders interested in traditional markets and benefits from low spreads and automated trading support, making it suitable for both beginners and experienced forex traders. In contrast, Kraken is ideal for those primarily focused on cryptocurrency trading, offering strong regulatory compliance and staking options, despite higher fees.
FXCM
Kraken
| FXCM | Kraken | |
|---|---|---|
| BrokerRank Score | 3.7/5 ✓ | 3.4/5 |
| Min. Deposit | $50 | $0 ✓ |
| Spread from | 0.2 pips | 0.2 pips |
| Max Leverage | 1:400 ✓ | 1:5 |
| Regulation | FCA, ASIC | FCA, CFTC |
| Platforms | MT4, Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
FXCM is the better choice overall, scoring 3.7/5 vs 3.4/5 on BrokerRank's independent rating. On fees, FXCM offers lower spreads (0.2 pips).
See full side-by-side comparison belowFXCM
WinnerKraken
FXCM
Lower feesKraken
FXCM
3.7/5
Choose FXCM if you want…
Kraken
3.4/5
Choose Kraken if you want…
FXCM scores higher overall on our independent rating system. FXCM holds a 3.7/5 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.
FXCM offers spreads from 0.2 pips, while Kraken starts at 0.2 pips. Check the fees section above for a full breakdown.
FXCM requires a minimum deposit of $50. Kraken requires $0.
FXCM is regulated by FCA, ASIC, while Kraken holds licences from FCA, CFTC.
FXCM supports MT4, Proprietary Web, 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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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.