IC Markets vs Kraken 2026: Which Broker is Better?
In the broker comparison between IC Markets and Kraken, the key difference lies in their market focus and trading platforms. IC Markets, with its ultra-low spreads and fast execution, primarily appeals to forex and CFD traders who value advanced platforms like MT4, MT5, and TradingView. In contrast, Kraken is a leading choice for cryptocurrency traders, offering strong regulatory compliance and a proprietary platform with no minimum deposit requirement. While IC Markets caters to traders seeking a wide range of financial instruments with high leverage, Kraken is ideal for those focused on crypto trading with access to fiat on/off ramps and staking options.
IC Markets
Kraken
| IC Markets | Kraken | |
|---|---|---|
| BrokerRank Score | 3.9/5 | 4.3/5 ✓ |
| Min. Deposit | $200 | $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 3.9/5 on BrokerRank's independent rating. On fees, IC Markets offers lower spreads (0 pips).
See full side-by-side comparison belowIC Markets vs Kraken: Key Differences
IC Markets
Kraken
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Fees Comparison
IC Markets
Lower feesKraken
BrokerRank Verdict
Who Should Choose Which?
IC Markets
3.9/5
Choose IC Markets if you want…
- Tighter spreads (from 0 pips)
- Higher leverage (up to 1:500)
- More market types (6)
- More established (est. 2007)
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 IC Markets & Kraken are available in
Frequently Asked Questions
1Is IC Markets better than Kraken?
Kraken scores higher overall on our independent rating system. IC Markets holds a 3.9/5 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, IC Markets or Kraken?
IC 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 IC Markets vs Kraken?
IC Markets requires a minimum deposit of $200. Kraken requires $0.
4Which broker is safer, IC Markets or Kraken?
IC Markets is regulated by ASIC, CySEC, while Kraken holds licences from FCA, CFTC.
5What trading platforms do IC Markets and Kraken support?
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. Kraken supports Proprietary Web, Proprietary Mobile.
6Can I use both IC 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
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