FxOpen
Kraken
VS
Higher Rated
FxOpen
Capital at risk · T&Cs apply
Choosing between FxOpen and Kraken depends on your trading style, preferred markets, and budget. FxOpen is headquartered in London, UK, while Kraken operates from San Francisco, USA. FxOpen has the longer track record, established in 2005, compared to Kraken which was founded in 2011. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
FxOpen
Kraken
| FxOpen | Kraken | |
|---|---|---|
| BrokerRank Score | 3.7/5 ✓ | 3.4/5 |
| Min. Deposit | $1 | $0 ✓ |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:500 ✓ | 1:5 |
| Regulation | FCA, ASIC | FCA, CFTC |
| Platforms | MT4, MT5, cTrader | Proprietary Web, Proprietary Mobile |
FxOpen is the better choice overall, scoring 3.7/5 vs 3.4/5 on BrokerRank's independent rating. On fees, FxOpen offers lower spreads (0 pips).
See full side-by-side comparison belowFxOpen
Kraken
FxOpen
Lower feesKraken
FxOpen holds licences from FCA, ASIC. Kraken is regulated by FCA, CFTC.
Both brokers offer access to Crypto markets. FxOpen additionally covers Forex, Cfd, Indices, Commodities.
On spreads, FxOpen is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.2 pips at Kraken.
FxOpen supports MT4, MT5, cTrader. Kraken offers Proprietary Web, Proprietary Mobile.
FxOpen requires a minimum deposit of $1, while Kraken sets no minimum deposit. This makes Kraken accessible to traders with any budget.
BrokerRank scores FxOpen at 3.66/5 and Kraken at 3.37/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. FxOpen leads overall with a clear advantage.
FxOpen
3.7/5
Choose FxOpen if you want…
Kraken
3.4/5
Choose Kraken if you want…
FxOpen scores higher overall on our independent rating system. FxOpen 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.
FxOpen offers spreads from 0 pips, while Kraken starts at 0.2 pips. Check the fees section above for a full breakdown.
FxOpen requires a minimum deposit of $1. Kraken requires $0.
FxOpen is regulated by FCA, ASIC, while Kraken holds licences from FCA, CFTC.
FxOpen supports MT4, MT5, cTrader. 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.