Side-by-Side Comparison Independent Updated Jun 4, 2026
Kraken vs FxOpen 2026: Which Broker is Better?
Compare Kraken and FxOpen side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Kraken
FxOpen
VS
| Kraken | FxOpen | |
|---|---|---|
| BrokerRank Score | 3.4/5 | 3.7/5 ✓ |
| Min. Deposit | $0 ✓ | $1 |
| Spread from | 0.2 pips | 0 pips ✓ |
| Max Leverage | 1:5 | 1:500 ✓ |
| Regulation | FCA, CFTC | FCA, ASIC |
| Platforms | Proprietary Web, Proprietary Mobile | MT4, MT5, cTrader |
Quick VerdictBrokerRank recommends
Best for Beginners
KrakenFxOpen
Best for Low Fees
FxOpenKraken
Best for Regulation
KrakenFxOpen
Best Overall
FxOpenKraken
Quick Answer
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 belowKraken vs FxOpen: Key Differences
Feature
Kraken
FxOpen
Our Rating
3.4 / 5
3.7 / 5
Min. Deposit
$0
$1
Spread From
0.2 pips
0 pips
Commission
$0.16/lot
$1.5/lot
Platforms
Proprietary Web, Proprietary Mobile
MT4, MT5, cTrader
Markets
Crypto
Forex, Cfd, Crypto, Indices, Commodities
Founded
2011
2005
Headquarters
San Francisco, USA
London, UK
Score
2 / 4
2 / 4
Fees Comparison
Fee
Kraken
FxOpen
Lower feesSpread From
0.2 pips
0 pips
Commission
$0.16/lot
$1.5/lot
Deposit Fee
None
None
Withdrawal Fee
$1.5
None
BrokerRank Verdict
Kraken scores 3.37/5 while FxOpen scores 3.66/5 in our independent rating.
FxOpen edges ahead overall, but Kraken 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
3.4/5
Choose Kraken if you want…
- No minimum deposit
FxOpen
3.7/5
Choose FxOpen if you want…
- Higher overall rating (3.7/5)
- Tighter spreads (from 0 pips)
- Higher leverage (up to 1:500)
- More market types (5)
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 & FxOpen are available in
Frequently Asked Questions
1Is Kraken better than FxOpen?
FxOpen scores higher overall on our independent rating system. Kraken holds a 3.4/5 rating vs FxOpen'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 FxOpen?
Kraken offers spreads from 0.2 pips, while FxOpen starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Kraken vs FxOpen?
Kraken requires a minimum deposit of $0. FxOpen requires $1.
4Which broker is safer, Kraken or FxOpen?
Kraken is regulated by FCA, CFTC, while FxOpen holds licences from FCA, ASIC.
5What trading platforms do Kraken and FxOpen support?
Kraken supports Proprietary Web, Proprietary Mobile. FxOpen supports MT4, MT5, cTrader.
6Can I use both Kraken and FxOpen?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Higher Rated
FxOpen
Capital at risk · T&Cs apply