OANDA
Kraken
VS
Higher Rated
OANDA
Capital at risk · T&Cs apply
Choosing between OANDA and Kraken depends on your trading style, preferred markets, and budget. OANDA is headquartered in New York, USA, while Kraken operates from San Francisco, USA. OANDA has the longer track record, established in 1996, 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.
OANDA
Kraken
| OANDA | Kraken | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0.6 pips | 0.2 pips ✓ |
| Max Leverage | 1:50 ✓ | 1:5 |
| Regulation | FCA, CFTC, ASIC ✓ | FCA, CFTC |
| Platforms | MT4, Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
OANDA is the better choice overall, scoring 4.1/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Kraken offers lower spreads (0.2 pips).
See full side-by-side comparison belowOANDA
WinnerKraken
OANDA
Lower feesKraken
OANDA holds licences from FCA, CFTC, ASIC. Kraken is regulated by FCA, CFTC.
OANDA additionally covers Forex, Cfd, Indices, Commodities. Kraken adds Crypto.
On spreads, Kraken is more competitive with EUR/USD spreads from 0.2 pips, compared to 0.6 pips at OANDA.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. Kraken offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
OANDA requires no minimum deposit, while Kraken sets no minimum deposit. This makes OANDA accessible to traders with any budget.
BrokerRank scores OANDA at 4.09/5 and Kraken at 3.37/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. OANDA leads overall with a clear advantage.
OANDA
4.1/5
Choose OANDA if you want…
Kraken
3.4/5
Choose Kraken if you want…
OANDA scores higher overall on our independent rating system. OANDA holds a 4.1/5 rating vs Kraken's 3.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
OANDA offers spreads from 0.6 pips, while Kraken starts at 0.2 pips. Check the fees section above for a full breakdown.
OANDA requires a minimum deposit of $0. Kraken requires $0.
OANDA is regulated by FCA, CFTC, ASIC, MAS, while Kraken holds licences from FCA, CFTC.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. Kraken 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.