Updated September 29, 2026 · BrokerCue Editorial Team
FP Markets vs Kraken
FP Markets vs Kraken: the differences
| Compare |  FP Markets |  Kraken |
|---|---|---|
| Minimum deposit | A$100 | $1 |
| Markets | Forex, CFDs | Stocks, ETFs, Forex, Crypto, Futures |
| Regulators | ASIC, SIPC | Central Bank of Ireland, Cyprus Securities and Exchange Commission, Financial Conduct Authority, Financial Crimes Enforcement Network, Central Bank of Ireland (CBI) |
| Investor protection | SIPC up to USD 500,000 | EU ICS up to EUR 20,000 |
| Stock trade fee | Not confirmed | $0 |
| Retail accounts that lose money | 72.5% | Not confirmed |
| Deposit and withdrawal fees | Not confirmed | Free bank deposits, card 3.75% + 0.25 |
| Platforms | Not confirmed | Kraken App, Kraken Pro, Kraken Desktop, Kraken Wallet |
| Maximum retail leverage | Not confirmed | Up to 10x |
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Key differences
- Kraken scores higher overall: 9.2 vs 9.0.
- Regulators: only FP Markets offers ASIC, SIPC.
- Regulators: only Kraken offers Central Bank of Ireland, Cyprus Securities and Exchange Commission, Financial Conduct Authority.
- Markets: only FP Markets offers CFDs.
- Markets: only Kraken offers Stocks, ETFs, Crypto.
Our verdict on each
FP Markets
FP Markets suits traders who want a regulated broker with a real protection scheme behind the money, not the lowest entry cost. It is regulated in Australia and the US, and the US entity carries SIPC cover of SIPC up to USD 500,000. The catch is the entry hurdle: a minimum deposit of AUD 100.
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 | FP Markets | Kraken |
|---|---|---|
| Cost | 8.6 | 9.3HigherStock dealing is priced at $0 with entry at $1. |
| Offer | 8.6 | 9.0HigherCoverage spans stocks, ETFs and forex accessed through Kraken App, Kraken Pro and Kraken Desktop. |
| Trust | 9.5Higher | 9.3Registers cite 1010381 and 31000270997766. |
Licences and countries
| Country | FP Markets | Kraken |
|---|---|---|
| United States | SIPC SIPC member 71021 | SIPC SIPC member 71030 |
| Australia | Not confirmed | |
| Ireland | Not confirmed | Central Bank of Ireland (CBI) MiCA CASP 9845003D98SCC2851458 IE_CBI PSD_EMI IE_CBI!C453020 |
What each covers
| Markets | FP Markets | Kraken |
|---|---|---|
| Stocks | No | Yes |
| ETFs | No | Yes |
| Forex | Yes | Yes |
| CFDs | Yes | No |
| Futures | No | Yes |
| Crypto | No | Yes |
Where these facts come from
FP Markets
- brokerchooser.com: 2 facts, checked September 26, 2026
- sipc.org: 2 facts, checked September 26, 2026
- fxscouts.ng: 1 fact, checked September 26, 2026
- leadiq.com: 1 fact, 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 | FP Markets | Kraken |
|---|---|---|
| Features | Not confirmed | Crypto, Mobile app |
| Pricing model | Not confirmed | Commission free |
| Audience | Not confirmed | Beginners, Experienced |
| Legal entity | RB INTERNATIONAL MARKETS (USA) LLC | Not confirmed |
Where each stands against the rest
| Fact | FP Markets | Kraken | Median |
|---|---|---|---|
| Stock trade fee | Not confirmed | $0at the median | $0 |
| Retail accounts that lose money | 72.5%above the median | Not confirmed | 72.05% |
Median across 91 listed brokers.
Pros and cons
FP Markets
Pros
- Regulated in Australia and the US, with the US entity covered by SIPC up to USD 500,000.
- A single, named legal entity, RB INTERNATIONAL MARKETS (USA) LLC, holds the SIPC membership, licence SIPC member 71021.
- A focused product: forex and cfds, without a wider asset mix to learn.
Cons
- The minimum deposit of AUD 100 is well above the site median of €4.64.
- A limited market list, forex and cfds, so it does not cover shares, ETFs or crypto.
- The cost score is 3.1, one of the weaker parts of the profile.
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
FP Markets
Who it suits
- Traders who weight regulator and protection scheme above a low starting amount
- Anyone happy to trade a single market pair of products, forex and cfds
- US clients who want the SIPC scheme, SIPC up to USD 500,000, behind the account
Who should look elsewhere
- Small starters, who will find AUD 100 a high way in
- Investors wanting shares, ETFs or crypto, since forex and cfds covers neither
- eToro users who want a much wider asset list, stocks, etfs and forex
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.
Questions about each
FP Markets
What is the minimum deposit at FP Markets?+
The minimum deposit is AUD 100. That is a high way in, and it sits well above the site median of €4.64. Anyone starting with a small amount should look at a broker with a lower entry figure before committing.
Is my money protected at FP Markets?+
The US-facing entity, RB INTERNATIONAL MARKETS (USA) LLC, is covered by SIPC up to USD 500,000. That protection belongs to the US entity, so clients of other entities in the group should check which scheme applies to them before depositing.
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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