Updated September 29, 2026 · BrokerCue Editorial Team
flatex Online-Broker (DE) vs Kraken
flatex Online-Broker (DE) vs Kraken: the differences
| Compare |  flatex Online-Broker (DE) |  Kraken |
|---|---|---|
| Stock trade fee | €5.90 | $0 |
| Markets | Stocks, ETFs, Forex, CFDs, Options, Crypto, Bonds, Funds, Metals | Stocks, ETFs, Forex, Crypto, Futures |
| Regulators | BaFin | Central Bank of Ireland, Cyprus Securities and Exchange Commission, Financial Conduct Authority, Financial Crimes Enforcement Network, Central Bank of Ireland (CBI) |
| Deposit and withdrawal fees | Free | Free bank deposits, card 3.75% + 0.25 |
| Platforms | Web, Mobile | Kraken App, Kraken Pro, Kraken Desktop, Kraken Wallet |
| Minimum deposit | Not confirmed | $1 |
| Account fee | €0 | Not confirmed |
| Currency conversion fee | 0.4% | Not confirmed |
| Account types | Joint | Not confirmed |
| Maximum retail leverage | Not confirmed | Up to 10x |
Same on both: Investor protection (EU ICS up to EUR 20,000).
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Key differences
- Kraken scores higher overall: 9.2 vs 8.8.
- Regulators: only flatex Online-Broker (DE) offers BaFin.
- Regulators: only Kraken offers Central Bank of Ireland, Cyprus Securities and Exchange Commission, Financial Conduct Authority.
- Kraken is licensed in 1 more country.
- Markets: only flatex Online-Broker (DE) offers CFDs, Options, Bonds.
- Markets: only Kraken offers Futures.
- Platforms: only flatex Online-Broker (DE) offers Web, Mobile.
- Platforms: only Kraken offers Kraken App, Kraken Pro, Kraken Desktop.
- Features: only flatex Online-Broker (DE) offers Demo account.
- Pricing model: only flatex Online-Broker (DE) offers Low fees.
Our verdict on each
flatex Online-Broker (DE)
flatex suits investors who prefer a flat fee per trade and no account charge. A stock trade costs €5.90, the account fee is €0 and deposits and withdrawals are free, so holding an account costs nothing beyond each order placed.
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 | flatex Online-Broker (DE) | Kraken |
|---|---|---|
| Cost | 8.8Account fee of €0, a flat €5.90 per stock trade and free deposits. | 9.3HigherStock dealing is priced at $0 with entry at $1. |
| Offer | 9.2Higher | 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. |
Side by side, item by item
| Markets | flatex Online-Broker (DE) | Kraken |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | Yes |
| CFDs | Yes | No |
| Options | Yes | No |
| Futures | No | Yes |
| Crypto | Yes | Yes |
| Bonds | Yes | No |
| Funds | Yes | No |
| Metals | Yes | No |
Where each is licensed and available
| Country | flatex Online-Broker (DE) | Kraken |
|---|---|---|
| Germany | Not confirmed | |
| Ireland | Not confirmed | Central Bank of Ireland (CBI) MiCA CASP 9845003D98SCC2851458 IE_CBI PSD_EMI IE_CBI!C453020 |
| United States | Not confirmed | SIPC SIPC member 71030 |
Where they rank in our lists
| Ranking | flatex Online-Broker (DE) | Kraken |
|---|---|---|
| Stock and ETF brokers | 178 of 471 | 16 of 471 |
Sources behind this comparison
flatex Online-Broker (DE)
- flatex.de: 9 facts, checked September 26, 2026
- brokerchooser.com: 3 facts, checked September 26, 2026
- en.wikipedia.org: 2 facts, checked September 26, 2026
Kraken
- kraken.com: 9 facts, checked September 28, 2026
- support.kraken.com: 2 facts, checked September 28, 2026
Every fact side by side
| Fact | flatex Online-Broker (DE) | Kraken |
|---|---|---|
| Features | Crypto, Demo account, Mobile appCovers more | Crypto, Mobile app |
| Pricing model | Low fees | Commission free |
| Audience | Not confirmed | Beginners, Experienced |
| Legal entity | flatexDEGIRO SE | Not confirmed |
| Headquarters | Germany | Not confirmed |
| Support channels | Email, Phone, Help centre | Not confirmed |
Where each stands against the rest
| Fact | flatex Online-Broker (DE) | Kraken | Median |
|---|---|---|---|
| Minimum deposit | Not confirmed | $1below the median | $25 |
| Account fee | €0at the median | Not confirmed | €0 |
| Currency conversion fee | 0.4%below the median | Not confirmed | 0.45% |
Median across 134 listed brokers.
Pros and cons
flatex Online-Broker (DE)
Pros
- No account fee: €0 on the standard account.
- Deposits and withdrawals are free: free.
- A flat stock trade fee of €5.90 rather than a percentage, with currency exchange at 0.4%.
Cons
- The stock trade fee of €5.90 is higher than most rivals, where the site median is €0.
- Only a joint account type is listed in joint, so there is no ISA or SIPP wrapper for UK investors.
- Support runs on email, phone and help centre only, with no live chat listed.
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
flatex Online-Broker (DE)
Who it suits
- Investors in Germany who want a flat fee per trade and no account charge
- Long-term stock, ETF, fund and bond holders rather than active traders
- Anyone who needs crypto, forex, CFDs and options under the same account
Who should look elsewhere
- Day traders, who pay €5.90 on every small order where eToro charges $0
- UK investors after an ISA or SIPP wrapper, since joint lists a joint account only
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.
Current offers
flatex Online-Broker (DE)
Current offer
Bonus
20 commission-free trades on account opening: 20 trades
upon account opening
Source, checked September 26, 2026
Country by country
| Country | flatex Online-Broker (DE) | Kraken |
|---|---|---|
| Germany | Yes | No |
Questions about each
flatex Online-Broker (DE)
What does it cost to trade a stock at flatex?+
A stock trade costs €5.90 per order, the same flat rate on every trade size. There is no account fee, at €0, so holding an account adds nothing to the bill. For comparison, the typical broker charges €0 per stock trade.
Is there any account or inactivity fee?+
The account fee is €0, so there is nothing to pay for holding the account open. No separate inactivity charge appears in the available details. Across the brokers listed, the highest account fee reaches €219.24.
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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