Pepperstone
Kraken
VS
Higher Rated
Pepperstone
Capital at risk · T&Cs apply
Choosing between Pepperstone and Kraken depends on your trading style, preferred markets, and budget. Pepperstone is headquartered in Melbourne, Australia, while Kraken operates from San Francisco, USA. Pepperstone has the longer track record, established in 2010, 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.
Pepperstone
Kraken
| Pepperstone | Kraken | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.4/5 |
| Min. Deposit | $200 | $0 ✓ |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:500 ✓ | 1:5 |
| Regulation | ASIC, FCA, CySEC ✓ | FCA, CFTC |
| Platforms | MT4, MT5, TradingView | Proprietary Web, Proprietary Mobile |
Pepperstone is the better choice overall, scoring 4.1/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Pepperstone offers lower spreads (0 pips).
See full side-by-side comparison belowPepperstone
WinnerKraken
Pepperstone
Lower feesKraken
Pepperstone holds licences from ASIC, FCA, CySEC. Kraken is regulated by FCA, CFTC.
Both brokers offer access to Crypto markets. Pepperstone additionally covers Forex, Cfd, Stocks, Indices.
On spreads, Pepperstone is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.2 pips at Kraken.
Pepperstone supports MT4, MT5, TradingView, Proprietary Mobile. Kraken offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Mobile.
Pepperstone requires a minimum deposit of $200, while Kraken sets no minimum deposit. This makes Kraken accessible to traders with any budget.
BrokerRank scores Pepperstone at 4.12/5 and Kraken at 3.37/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Pepperstone leads overall with a clear advantage.
Pepperstone
4.1/5
Choose Pepperstone if you want…
Kraken
3.4/5
Choose Kraken if you want…
Pepperstone scores higher overall on our independent rating system. Pepperstone 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.
Pepperstone offers spreads from 0 pips, while Kraken starts at 0.2 pips. Check the fees section above for a full breakdown.
Pepperstone requires a minimum deposit of $200. Kraken requires $0.
Pepperstone is regulated by ASIC, FCA, CySEC, while Kraken holds licences from FCA, CFTC.
Pepperstone supports MT4, MT5, TradingView, 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.