Side-by-Side Comparison Independent Updated Mar 9, 2026
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
VS
| IC Markets | Kraken | |
|---|---|---|
| BrokerRank Score | 3.9/5 | 4.5/5 ✓ |
| 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 |
Quick VerdictBrokerRank recommends
Best for Beginners
KrakenIC Markets
Best for Low Fees
IC MarketsKraken
Best for Regulation
IC MarketsKraken
Best Overall
KrakenIC Markets
Quick Answer
Kraken is the better choice overall, scoring 4.5/5 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
Feature
IC Markets
Kraken
WinnerOur Rating
3.9 / 5
4.5 / 5
Min. Deposit
$200
$0
Spread From
0 pips
0.2 pips
Commission
$3.5/lot
$0.16/lot
Platforms
MT4, MT5, TradingView, Proprietary Mobile
Proprietary Web, Proprietary Mobile
Markets
Forex, Cfd, Crypto, Stocks, Indices, Commodities
Crypto
Founded
2007
2011
Headquarters
Sydney, Australia
San Francisco, USA
Score
1 / 5
4 / 5
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Find my matchFees Comparison
Fee
IC Markets
Lower feesKraken
Spread From
0 pips
0.2 pips
Commission
$3.5/lot
$0.16/lot
Deposit Fee
None
None
Withdrawal Fee
None
$1.5
BrokerRank Verdict
In the comparison between IC Markets and Kraken, IC Markets is better suited for professional traders due to its ultra-low spreads starting from 0.0 pips and access to advanced trading platforms like MT4 and MT5 with high leverage up to 1:500. Kraken, on the other hand, is more appropriate for beginners thanks to its $0 minimum deposit and strong regulatory compliance, although its user interface may be challenging for novices. When it comes to fees, IC Markets takes the lead with lower spreads and commission rates, making it a more cost-effective choice for active traders.
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
4.5/5
Choose Kraken if you want…
- Higher overall rating (4.5/5)
- 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 4.5/5. 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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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Higher Rated
Kraken
Capital at risk · T&Cs apply