Kraken
M1 Finance
VS
Higher Rated
Kraken
Capital at risk · T&Cs apply
Choosing between Kraken and M1 Finance depends on your trading style, preferred markets, and budget. Kraken is headquartered in San Francisco, USA, while M1 Finance operates from Chicago, USA. Kraken has the longer track record, established in 2011, compared to M1 Finance which was founded in 2015. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Kraken
M1 Finance
Kraken is the better choice overall, scoring 3.4/5 vs 3.2/5 on BrokerRank's independent rating. On fees, M1 Finance offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
Kraken
3.4 vs 3.2
Lowest Fees
M1 Finance
0.2 vs 0 pips
Regulation
Kraken
2 vs 1 licences
Min. Deposit
Kraken
$0 vs $100
Kraken
WinnerM1 Finance
Kraken
M1 Finance
Lower feesKraken holds licences from FCA, CFTC. M1 Finance is regulated by SEC.
Kraken additionally covers Crypto. M1 Finance adds Stocks, Indices.
On spreads, M1 Finance is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.2 pips at Kraken.
Kraken supports Proprietary Web, Proprietary Mobile. M1 Finance offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Kraken requires no minimum deposit, while M1 Finance sets a minimum deposit of $100. This makes Kraken accessible to traders with any budget.
BrokerRank scores Kraken at 3.37/5 and M1 Finance at 3.20/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Kraken leads overall with a clear advantage.
Kraken scores higher overall on our independent rating system. Kraken holds a 3.4/5 rating vs M1 Finance's 3.2/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Kraken offers spreads from 0.2 pips, while M1 Finance starts at 0 pips. Check the fees section above for a full breakdown.
Kraken requires a minimum deposit of $0. M1 Finance requires $100.
Kraken is regulated by FCA, CFTC, while M1 Finance holds licences from SEC.
Kraken supports Proprietary Web, Proprietary Mobile. M1 Finance 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.