Kraken vs FXCM 2026: Which Broker is Better?
Compare Kraken and FXCM side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Kraken
FXCM
| Kraken | FXCM | |
|---|---|---|
| BrokerRank Score | 4.3/5 ✓ | 3.7/5 |
| Min. Deposit | $0 ✓ | $50 |
| Spread from | 0.2 pips | 0.2 pips |
| Max Leverage | 1:5 | 1:400 ✓ |
| Regulation | FCA, CFTC | FCA, ASIC |
| Platforms | Proprietary Web, Proprietary Mobile | MT4, Proprietary Web, Proprietary Mobile |
Kraken is the better choice overall, scoring 4.3/5 vs 3.7/5 on BrokerRank's independent rating. On fees, Kraken offers lower spreads (0.2 pips).
See full side-by-side comparison belowKraken vs FXCM: Key Differences
Kraken
WinnerFXCM
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Fees Comparison
Kraken
FXCM
Lower feesBrokerRank Verdict
Kraken scores 4.35/5 while FXCM scores 3.66/5 in our independent rating.
Kraken edges ahead overall, but FXCM may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Who Should Choose Which?
Kraken
4.3/5
Choose Kraken if you want…
- Higher overall rating (4.3/5)
- No minimum deposit
FXCM
3.7/5
Choose FXCM if you want…
- No per-trade commission
- Higher leverage (up to 1:400)
- More market types (4)
- More established (est. 1999)
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 Kraken & FXCM are available in
Frequently Asked Questions
1Is Kraken better than FXCM?
Kraken scores higher overall on our independent rating system. Kraken holds a 4.3/5 rating vs FXCM's 3.7/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, Kraken or FXCM?
Kraken offers spreads from 0.2 pips, while FXCM starts at 0.2 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Kraken vs FXCM?
Kraken requires a minimum deposit of $0. FXCM requires $50.
4Which broker is safer, Kraken or FXCM?
Kraken is regulated by FCA, CFTC, while FXCM holds licences from FCA, ASIC.
5What trading platforms do Kraken and FXCM support?
Kraken supports Proprietary Web, Proprietary Mobile. FXCM supports MT4, Proprietary Web, Proprietary Mobile.
6Can I use both Kraken and FXCM?
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.
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