ThinkMarkets vs Kraken 2026: Which Broker is Better?
Choosing between ThinkMarkets and Kraken depends on your trading style, preferred markets, and budget. ThinkMarkets is headquartered in London, UK, while Kraken operates from San Francisco, USA. ThinkMarkets 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.
ThinkMarkets
Kraken
| ThinkMarkets | Kraken | |
|---|---|---|
| BrokerRank Score | 3.9/5 | 4.3/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:500 ✓ | 1:5 |
| Regulation | FCA, ASIC | FCA, CFTC |
| Platforms | MT4, MT5, Proprietary Web | Proprietary Web, Proprietary Mobile |
Kraken is the better choice overall, scoring 4.3/5 vs 3.9/5 on BrokerRank's independent rating. On fees, ThinkMarkets offers lower spreads (0 pips).
See full side-by-side comparison belowThinkMarkets vs Kraken: Key Differences
ThinkMarkets
Kraken
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Fees Comparison
ThinkMarkets
Lower feesKraken
Regulation & Trust
ThinkMarkets holds licences from FCA, ASIC. Kraken is regulated by FCA, CFTC.
Markets & Assets
ThinkMarkets additionally covers Forex, Cfd, Stocks, Indices, Commodities. Kraken adds Crypto.
Fees & Spreads
On spreads, ThinkMarkets is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.2 pips at Kraken.
Trading Platforms
ThinkMarkets supports MT4, MT5, Proprietary Web, Proprietary Mobile. Kraken offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
ThinkMarkets requires no minimum deposit, while Kraken sets no minimum deposit. This makes ThinkMarkets accessible to traders with any budget.
Overall Ratings
BrokerRank scores ThinkMarkets at 3.92/5 and Kraken at 3.37/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. ThinkMarkets leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
ThinkMarkets
3.9/5
Choose ThinkMarkets if you want…
- Tighter spreads (from 0 pips)
- Higher leverage (up to 1:500)
- More market types (6)
- More established (est. 2010)
Kraken
4.3/5
Choose Kraken if you want…
- Higher overall rating (4.3/5)
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 ThinkMarkets & Kraken are available in
Frequently Asked Questions
1Is ThinkMarkets better than Kraken?
Kraken scores higher overall on our independent rating system. ThinkMarkets holds a 3.9/5 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.
2Which has lower fees, ThinkMarkets or Kraken?
ThinkMarkets 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 ThinkMarkets vs Kraken?
ThinkMarkets requires a minimum deposit of $0. Kraken requires $0.
4Which broker is safer, ThinkMarkets or Kraken?
ThinkMarkets is regulated by FCA, ASIC, while Kraken holds licences from FCA, CFTC.
5What trading platforms do ThinkMarkets and Kraken support?
ThinkMarkets supports MT4, MT5, Proprietary Web, Proprietary Mobile. Kraken supports Proprietary Web, Proprietary Mobile.
6Can I use both ThinkMarkets and Kraken?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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