FXTM
Kraken
VS
Higher Rated
FXTM
Capital at risk · T&Cs apply
Choosing between FXTM and Kraken depends on your trading style, preferred markets, and budget. FXTM is headquartered in Limassol, Cyprus, while Kraken operates from San Francisco, USA. FXTM has the longer track record, established in 2011, 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.
FXTM
Kraken
| FXTM | Kraken | |
|---|---|---|
| BrokerRank Score | 3.6/5 ✓ | 3.4/5 |
| Min. Deposit | $10 | $0 ✓ |
| Spread from | 0.1 pips ✓ | 0.2 pips |
| Max Leverage | 1:2000 ✓ | 1:5 |
| Regulation | FCA, CySEC, FSCA ✓ | FCA, CFTC |
| Platforms | MT4, MT5 | Proprietary Web, Proprietary Mobile |
FXTM is the better choice overall, scoring 3.6/5 vs 3.4/5 on BrokerRank's independent rating. On fees, FXTM offers lower spreads (0.1 pips).
See full side-by-side comparison belowFXTM
Kraken
FXTM
Lower feesKraken
FXTM holds licences from FCA, CySEC, FSCA. Kraken is regulated by FCA, CFTC.
FXTM additionally covers Forex, Cfd, Stocks, Indices, Commodities. Kraken adds Crypto.
On spreads, FXTM is more competitive with EUR/USD spreads from 0.1 pips, compared to 0.2 pips at Kraken.
FXTM supports MT4, MT5. Kraken offers Proprietary Web, Proprietary Mobile.
FXTM requires a minimum deposit of $10, while Kraken sets no minimum deposit. This makes Kraken accessible to traders with any budget.
BrokerRank scores FXTM at 3.59/5 and Kraken at 3.37/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. FXTM leads overall with a clear advantage.
FXTM
3.6/5
Choose FXTM if you want…
Kraken
3.4/5
Choose Kraken if you want…
FXTM scores higher overall on our independent rating system. FXTM holds a 3.6/5 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.
FXTM offers spreads from 0.1 pips, while Kraken starts at 0.2 pips. Check the fees section above for a full breakdown.
FXTM requires a minimum deposit of $10. Kraken requires $0.
FXTM is regulated by FCA, CySEC, FSCA, while Kraken holds licences from FCA, CFTC.
FXTM supports MT4, MT5. 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.