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Side-by-Side Comparison Independent Updated Oct 23, 2026

TD Direct Investing vs Kraken 2026: Which Broker is Better?

Compare TD Direct Investing and Kraken side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.

TD Direct Investing

Kraken

Higher ratedKraken logo

Kraken

4.3/ 5
Visit Kraken →Full review
VS
TD Direct InvestingKraken
BrokerRank Score2.9/54.3/5 ✓
Min. Deposit$0$0
Spread from0 pips ✓0.2 pips
Max Leverage1:51:5
RegulationIIROC, CIPFFCA, CFTC
PlatformsProprietary Web, Proprietary Mobile, WebBrokerProprietary Web, Proprietary Mobile
Quick VerdictBrokerRank recommends
Best for Beginners
TD Direct InvestingKraken
Best for Low Fees
TD Direct InvestingKraken
Best for Regulation
TD Direct InvestingKraken
Best Overall
KrakenTD Direct Investing
Quick Answer

Kraken is the better choice overall, scoring 4.3/5 vs 2.9/5 on BrokerRank's independent rating. On fees, TD Direct Investing offers lower spreads (0 pips).

See full side-by-side comparison below

TD Direct Investing vs Kraken: Key Differences

Feature

TD Direct Investing

Kraken

Winner
Our Rating
2.9 / 5
4.3 / 5
Min. Deposit
$0
$0
Max Leverage
Spread From
0 pips
0.2 pips
Commission
$9.99/lot
$0.16/lot
Regulated By
IIROCCIPF
Platforms
Proprietary Web, Proprietary Mobile, WebBroker, TD Advanced Dashboard
Proprietary Web, Proprietary Mobile
Markets
Stocks, Etf, Indices, Forex
Crypto
Founded
1984
2011
Headquarters
Toronto, Canada
San Francisco, USA
Score
1 / 4
3 / 4

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Fees Comparison

Fee

TD Direct Investing

Lower fees

Kraken

Spread From
0 pips
0.2 pips
Commission
$9.99/lot
$0.16/lot
Deposit Fee
None
None
Withdrawal Fee
None
$1.5

BrokerRank Verdict

TD Direct Investing scores 2.92/5 while Kraken scores 4.35/5 in our independent rating.

Kraken edges ahead overall, but TD Direct Investing may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.

Who Should Choose Which?

TD Direct Investing

TD Direct Investing

2.9/5

Choose TD Direct Investing if you want…

  • Tighter spreads (from 0 pips)
  • More market types (4)
  • More established (est. 1984)
  • Free withdrawals
Kraken

Kraken

4.3/5

Top pick

Choose Kraken if you want…

  • Higher overall rating (4.3/5)

Also consider

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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.

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80% of retail CFD accounts lose money.

Both TD Direct Investing & Kraken are available in

Frequently Asked Questions

1

Is TD Direct Investing better than Kraken?

Kraken scores higher overall on our independent rating system. TD Direct Investing holds a 2.9/5 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.

2

Which has lower fees, TD Direct Investing or Kraken?

TD Direct Investing offers spreads from 0 pips, while Kraken starts at 0.2 pips. Check the fees section above for a full breakdown.

3

What is the minimum deposit for TD Direct Investing vs Kraken?

TD Direct Investing requires a minimum deposit of $0. Kraken requires $0.

4

Which broker is safer, TD Direct Investing or Kraken?

TD Direct Investing is regulated by IIROC, CIPF, while Kraken holds licences from FCA, CFTC.

5

What trading platforms do TD Direct Investing and Kraken support?

TD Direct Investing supports Proprietary Web, Proprietary Mobile, WebBroker, TD Advanced Dashboard. Kraken supports Proprietary Web, Proprietary Mobile.

6

Can I use both TD Direct Investing 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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