Updated September 29, 2026 · BrokerCue Editorial Team
FXTM vs Kraken
FXTM vs Kraken: the differences
| Compare | FXTM ReviewSee alternativesSee alternatives |  Kraken |
|---|---|---|
| Minimum deposit | $10 | $1Lower |
| Markets | Stocks, ETFs, Forex, CFDs, Futures, Crypto, Bonds, MetalsCovers more | Stocks, ETFs, Forex, Crypto, Futures |
| Regulators | FCA, CySEC | Central Bank of Ireland, Cyprus Securities and Exchange Commission, Financial Conduct Authority, Financial Crimes Enforcement Network, Central Bank of Ireland (CBI) |
| Investor protection | FSCS up to GBP 85,000 | EU ICS up to EUR 20,000 |
| Deposit and withdrawal fees | No deposit fees; withdrawal fees vary by method | Free bank deposits, card 3.75% + 0.25 |
| Platforms | Desktop, Mobile App, MetaTrader 4, MetaTrader 5 | Kraken App, Kraken Pro, Kraken Desktop, Kraken Wallet |
| Maximum retail leverage | 1:2000 | Up to 10x |
| Stock trade fee | Not confirmed | $0 |
| Inactivity fee | $5 | Not confirmed |
| Retail accounts that lose money | 88% | Not confirmed |
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Key differences
- FXTM scores higher overall: 9.3 vs 9.2.
- Regulators: only FXTM offers FCA, CySEC.
- Regulators: only Kraken offers Central Bank of Ireland, Cyprus Securities and Exchange Commission, Financial Conduct Authority.
- Minimum deposit is lower at Kraken: $1 vs $10.
- Markets: only FXTM offers CFDs, Bonds, Metals.
- Platforms: only FXTM offers Desktop, Mobile App, MetaTrader 4.
- Platforms: only Kraken offers Kraken App, Kraken Pro, Kraken Desktop.
- Features: only FXTM offers Demo account, Copy trading.
Our verdict on each
FXTM
FXTM suits traders who want forex, CFDs, futures, crypto and shares under one account, with retail leverage of 1:2000 and dual regulation behind the money. Costs are the compromise: entry is light, but support runs on help centre only, and a dormant account is charged rather than left free.
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 | FXTM | Kraken |
|---|---|---|
| Cost | 9.0Entry costs are light, with a $10 starting deposit and No deposit fees; withdrawal fees vary by method, though dormant accounts pay $5. | 9.3HigherStock dealing is priced at $0 with entry at $1. |
| Offer | 9.3Higher | 9.0Coverage spans stocks, ETFs and forex accessed through Kraken App, Kraken Pro and Kraken Desktop. |
| Trust | 9.5Higher | 9.3Registers cite 1010381 and 31000270997766. |
Also worth a look
ActivTrades has minimum deposit at $0, against $10 for FXTM and $1 for Kraken.
ActivTrades reviewHow they place
| Ranking | FXTM | Kraken |
|---|---|---|
| Stock and ETF brokers | 59 of 490 | 28 of 490 |
| Futures trading platforms | 14 of 83 | 6 of 83 |
Every fact side by side
| Fact | FXTM | Kraken |
|---|---|---|
| Features | Demo account, Copy trading, Mobile app, CryptoCovers more | Crypto, Mobile app |
| Pricing model | Not confirmed | Commission free |
| Audience | Not confirmed | Beginners, Experienced |
| Support channels | Help centre | Not confirmed |
Where each stands against the rest
| Fact | FXTM | Kraken | Median |
|---|---|---|---|
| Minimum deposit | $10at the median | $1below the median | $10 |
| Stock trade fee | Not confirmed | $0at the median | $0 |
| Inactivity fee | $5above the median | Not confirmed | $0 |
| Retail accounts that lose money | 88%highest quarter | Not confirmed | 70.375% |
Median across 99 listed brokers.
Pros and cons
FXTM
Pros
- One account spans stocks, etfs and forex.
- The FCA and CySEC both appear under FCA and CySEC, with FSCS up to GBP 85,000 for UK clients.
- Trading runs on Desktop, Mobile App and MetaTrader 4, and demo account, copy trading and mobile app adds a demo account and copy trading.
Cons
- Dormant balances are charged $5, a cost active traders never meet.
- Support runs on help centre only.
- Leverage of 1:2000 magnifies losses, and 88% of retail accounts lose money.
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
FXTM
Who it suits
- Traders who want forex, CFDs, futures, crypto and shares in one place from a $10 start.
- Newcomers who want a demo account and copy trading through demo account, copy trading and mobile app.
- Clients who want regulation in the UK and Cyprus under FCA and CySEC.
Who should look elsewhere
- Anyone who wants to open with nothing: CFI has a $0 minimum.
- Traders focused on shares, ETFs and crypto rather than bonds and metals: eToro's markets are stocks, etfs and forex.
- Small accounts wanting a cheaper opening: Vantage starts at $5.
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
FXTM
What does it cost to open and keep an FXTM account?+
Opening an account starts at $10, and the deposit and withdrawal terms read No deposit fees; withdrawal fees vary by method. The fee to watch is the inactivity charge of $5, which bites once an account sits idle, so running costs stay low only while you keep trading.
Is my money protected at FXTM?+
FXTM is regulated by the FCA and CySEC, and the investor protection stated is FSCS up to GBP 85,000. That cover sits with the regulated entity holding the account, so check which one your account is opened with before treating the protection as your own.
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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