Monex vs Kraken 2026: Which Broker is Better?
Choosing between Monex and Kraken depends on your trading style, preferred markets, and budget. Monex is headquartered in Tokyo, Japan, while Kraken operates from San Francisco, USA. Monex has the longer track record, established in 1999, compared to Kraken which was founded in 2011. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Monex
Kraken
| Monex | Kraken | |
|---|---|---|
| BrokerRank Score | 3.5/5 | 4.3/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:3 | 1:5 ✓ |
| Regulation | FSA, SEC | FCA, CFTC |
| Platforms | Proprietary Web, Proprietary Mobile, TradeStation JP | Proprietary Web, Proprietary Mobile |
Kraken is the better choice overall, scoring 4.3/5 vs 3.5/5 on BrokerRank's independent rating. On fees, Monex offers lower spreads (0 pips).
See full side-by-side comparison belowMonex vs Kraken: Key Differences
Monex
Kraken
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Fees Comparison
Monex
Lower feesKraken
Regulation & Trust
Monex holds licences from SEC, FSA. Kraken is regulated by FCA, CFTC.
Markets & Assets
Both brokers offer access to Crypto markets. Monex additionally covers Stocks, Etf, Forex.
Fees & Spreads
On spreads, Monex is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.2 pips at Kraken.
Trading Platforms
Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP. Kraken offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Monex requires no minimum deposit, while Kraken sets no minimum deposit. This makes Monex accessible to traders with any budget.
Overall Ratings
BrokerRank scores Monex at 3.42/5 and Kraken at 3.37/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Monex leads overall with a marginal advantage.
BrokerRank Verdict
Who Should Choose Which?
Monex
3.5/5
Choose Monex if you want…
- Tighter spreads (from 0 pips)
- More market types (4)
- More established (est. 1999)
- Free withdrawals
Kraken
4.3/5
Choose Kraken if you want…
- Higher overall rating (4.3/5)
- Higher leverage (up to 1:5)
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 Monex & Kraken are available in
Frequently Asked Questions
1Is Monex better than Kraken?
Kraken scores higher overall on our independent rating system. Monex holds a 3.5/5 rating vs Kraken's 4.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, Monex or Kraken?
Monex offers spreads from 0 pips, while Kraken starts at 0.2 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Monex vs Kraken?
Monex requires a minimum deposit of $0. Kraken requires $0.
4Which broker is safer, Monex or Kraken?
Monex is regulated by FSA, SEC, while Kraken holds licences from FCA, CFTC.
5What trading platforms do Monex and Kraken support?
Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP. Kraken supports Proprietary Web, Proprietary Mobile.
6Can I use both Monex and Kraken?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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