Kraken
Nexo
VS
Higher Rated
Kraken
Capital at risk · T&Cs apply
Choosing between Kraken and Nexo depends on your trading style, preferred markets, and budget. Kraken is headquartered in San Francisco, USA, while Nexo operates from London, UK. Kraken has the longer track record, established in 2011, compared to Nexo which was founded in 2018. 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
Nexo
Kraken is the better choice overall, scoring 3.4/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Nexo offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
Kraken
3.4 vs 3.2
Lowest Fees
Nexo
0.2 vs 0 pips
Regulation
Kraken
2 vs 1 licences
Min. Deposit
Tied
$0 vs $0
Kraken
WinnerNexo
Kraken
Nexo
Lower feesKraken holds licences from FCA, CFTC. Nexo is regulated by FCA.
Both brokers offer access to Crypto markets.
On spreads, Nexo is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.2 pips at Kraken.
Kraken supports Proprietary Web, Proprietary Mobile. Nexo offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Kraken requires no minimum deposit, while Nexo sets no minimum deposit. This makes Kraken accessible to traders with any budget.
BrokerRank scores Kraken at 3.37/5 and Nexo at 3.18/5, 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 Nexo'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 Nexo starts at 0 pips. Check the fees section above for a full breakdown.
Kraken requires a minimum deposit of $0. Nexo requires $0.
Kraken is regulated by FCA, CFTC, while Nexo holds licences from FCA.
Kraken supports Proprietary Web, Proprietary Mobile. Nexo 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.