Kraken
SoFi Invest
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Kraken
Capital at risk · T&Cs apply
Choosing between Kraken and SoFi Invest depends on your trading style, preferred markets, and budget. Kraken is headquartered in San Francisco, USA. Kraken has the longer track record, established in 2011, compared to SoFi Invest which was founded in 2012. 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
SoFi Invest
| Kraken | SoFi Invest | |
|---|---|---|
| BrokerRank Score | 3.4/5 ✓ | 3.3/5 |
| Min. Deposit | $0 ✓ | $1 |
| Spread from | 0.2 pips | 0 pips ✓ |
| Max Leverage | 1:5 ✓ | 1:1 |
| Regulation | FCA, CFTC ✓ | SEC |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Kraken (3.4/5) and SoFi Invest (3.3/5) are closely matched. SoFi Invest has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowKraken
SoFi Invest
Kraken
SoFi Invest
Lower feesKraken holds licences from FCA, CFTC. SoFi Invest is regulated by SEC.
Both brokers offer access to Crypto markets. SoFi Invest adds Stocks, Indices.
On spreads, SoFi Invest is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.2 pips at Kraken.
Kraken supports Proprietary Web, Proprietary Mobile. SoFi Invest offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Kraken requires no minimum deposit, while SoFi Invest sets a minimum deposit of $1. This makes Kraken accessible to traders with any budget.
BrokerRank scores Kraken at 3.37/5 and SoFi Invest at 3.33/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Kraken leads overall with a marginal advantage.
Kraken
3.4/5
Choose Kraken if you want…
SoFi Invest
3.3/5
Choose SoFi Invest if you want…
Kraken (3.4/5) and SoFi Invest (3.3/5) are closely matched on our independent rating scale. The better choice depends on your priorities — fees, regulation, platforms, or available markets. See the full comparison above.
Kraken offers spreads from 0.2 pips, while SoFi Invest starts at 0 pips. Check the fees section above for a full breakdown.
Kraken requires a minimum deposit of $0. SoFi Invest requires $1.
Kraken is regulated by FCA, CFTC, while SoFi Invest holds licences from SEC.
Kraken supports Proprietary Web, Proprietary Mobile. SoFi Invest 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.