Updated September 29, 2026 · BrokerCue Editorial Team
Dodl vs Kraken
What sets them apart
| Compare |  Dodl |  Kraken |
|---|---|---|
| Minimum deposit | £25 | $1 |
| Stock trade fee | £0 | $0 |
| Markets | Stocks, ETFs, Funds | Stocks, ETFs, Forex, Crypto, Futures |
| Regulators | Financial Conduct Authority | Central Bank of Ireland, Cyprus Securities and Exchange Commission, Financial Conduct Authority, Financial Crimes Enforcement Network, Central Bank of Ireland (CBI)Covers more |
| Investor protection | FSCS up to GBP 85,000 | EU ICS up to EUR 20,000 |
| Deposit and withdrawal fees | free deposits and withdrawals | Free bank deposits, card 3.75% + 0.25 |
| Platforms | Dodl app | Kraken App, Kraken Pro, Kraken Desktop, Kraken Wallet |
| Currency conversion fee | 0.75% | Not confirmed |
| Account types | ISA, SIPP, Lisa | Not confirmed |
| Maximum retail leverage | Not confirmed | Up to 10x |
| Interest on cash | 3.8% | Not confirmed |
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Key differences
- Kraken scores higher overall: 9.2 vs 8.8.
- Regulators: only Kraken offers Central Bank of Ireland, Cyprus Securities and Exchange Commission, Financial Crimes Enforcement Network.
- Kraken is licensed in 1 more country.
- Markets: only Dodl offers Funds.
- Markets: only Kraken offers Forex, Crypto, Futures.
- Platforms: only Dodl offers Dodl app.
- Platforms: only Kraken offers Kraken App, Kraken Pro, Kraken Desktop.
- Features: only Kraken offers Crypto.
- Pricing model: only Dodl offers Low fees.
- Audience: only Kraken offers Experienced.
Our verdict on each
Dodl
Dodl is an AJ Bell app aimed at UK beginners who want to sidestep dealing costs entirely. Stock trades cost £0 and cash earns 3.8%, so the saving comes from the fee-free model rather than from a richer market list.
Kraken
Kraken suits beginners and experienced investors who want stocks, ETFs and crypto together through app and desktop access. Stock dealing is priced at $0 with entry at $1 and funding terms shown as Free bank deposits, card 3.75% + 0.25 for cost planning across small balance accounts.
Score breakdown
| Area | Dodl | Kraken |
|---|---|---|
| Cost | 8.9 | 9.3HigherStock dealing is priced at $0 with entry at $1. |
| Offer | 9.2HigherStock trade fee of £0 across isa, sipp and lisa, plus free deposits and withdrawals, undercuts priced platforms. | 9.0Coverage spans stocks, ETFs and forex accessed through Kraken App, Kraken Pro and Kraken Desktop. |
| Trust | 8.6 | 9.3HigherRegisters cite 1010381 and 31000270997766. |
Where these facts come from
Dodl
- dodl.co.uk: 12 facts, checked September 26, 2026
- help.dodl.co.uk: 3 facts, checked September 26, 2026
Kraken
- kraken.com: 9 facts, checked September 28, 2026
- support.kraken.com: 2 facts, checked September 28, 2026
How they place
| Ranking | Dodl | Kraken |
|---|---|---|
| Stock and ETF brokers | 176 of 471 | 21 of 471 |
| Brokers for beginners | 47 of 88 | 10 of 88 |
Every fact side by side
| Fact | Dodl | Kraken |
|---|---|---|
| Features | Mobile app | Crypto, Mobile appCovers more |
| Pricing model | Commission free, Low feesCovers more | Commission free |
| Audience | Beginners | Beginners, ExperiencedCovers more |
| Legal entity | AJ Bell | Not confirmed |
| Support channels | Email, Chat, Help centre | Not confirmed |
Where each stands against the rest
| Fact | Dodl | Kraken | Median |
|---|---|---|---|
| Currency conversion fee | 0.75%highest quarter | Not confirmed | 0.45% |
| Interest on cash | 3.8%highest quarter | Not confirmed | 3% |
Median across 43 listed brokers.
Pros and cons
Dodl
Pros
- Stock trades cost £0, the lowest stock trade fee recorded in this comparison
- free deposits and withdrawals means moving money in and out adds nothing to a portfolio
- Cash held with the account earns interest of 3.8% while you save for a purchase
Cons
- Cash interest of 3.8% is a variable rate, so the return on uninvested money can move
- Dealing runs on Dodl app only, which suits casual investors less well than a desktop platform
- Support runs on email, chat and help centre only, so there is no phone line for urgent account problems
Kraken
Pros
- Stock trades priced at $0 within a model shown as commission free.
- Entry at $1, below $50 at eToro for smaller starting balances.
- Coverage spans stocks, ETFs and forex, pairing stocks and ETFs with crypto and futures.
Cons
- Support runs on help centre only, without phone or live chat help found at many rivals.
- Card funding terms run Free bank deposits, card 3.75% + 0.25, which adds cost next to bank transfer options.
- Entry at $1 sits above $0 at ActivTrades and €0 at XTB for tight budgets.
Who each suits
Dodl
Who it suits
- UK beginners opening a first stocks, ETFs and funds portfolio
- Investors who want dealing fees at £0 and want to keep cash earning 3.8%
- Savers setting aside money in an ISA, SIPP or LISA before investing
Who should look elsewhere
- Traders who need a desktop dealing platform, because dealing sits on Dodl app
- Anyone wanting phone support, since help runs on email, chat and help centre
- Investors who trade often in foreign currency, where 0.75% charges apply
Kraken
Who it suits
- You want stocks plus crypto in stocks, ETFs and forex in a single login rather than an equity only account at XTB.
- You want app led dealing through Kraken App, Kraken Pro and Kraken Desktop with modest entry at $1 rather than higher entry at eToro at $50.
Who should look elsewhere
- You want phone or chat help rather than help centre only, consider XTB or ActivTrades for wider contact choice.
- You want the lowest cash entry rather than $1, consider ActivTrades at $0 or XTB at €0.
Country by country
| Country | Dodl | Kraken |
|---|---|---|
| United Kingdom | Yes | No |
Questions about each
Dodl
What does it cost to buy shares at Dodl?+
A stock trade costs £0, which is the figure that stands out on this platform. The pricing model is commission-free rather than low-fee, so dealing is designed to cost nothing. Money in and out is also free deposits and withdrawals, so a transfer adds nothing extra. The one charge to watch is 0.75% on currency conversion when you buy shares priced outside sterling.
Is my money protected at Dodl?+
Dodl is regulated by the Financial Conduct Authority, and eligible balances are covered by FSCS up to GBP 85,000. That protection is a stated limit on a claim to the firm, not a promise that investments cannot fall in value. The company operating the app is AJ Bell, so the account sits with an established UK provider rather than an offshore entity.
Kraken
What does Kraken charge for stock trades+
Stock dealing is priced at $0 and Kraken describes its model as commission free. Bank funding is framed separately as Free bank deposits, card 3.75% + 0.25, so card use adds cost while bank transfer terms remain distinct. Check the fee schedule before placing orders.
What is the minimum deposit to open an account+
Account entry is set at $1. That level sits below $50 at eToro, yet above $0 at ActivTrades and €0 at XTB. It keeps starting balances modest while leaving room for funding charges.
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