Updated September 29, 2026 · BrokerCue Editorial Team
Kraken vs Traders Place
Where Kraken and Traders Place differ
| Compare |  Kraken |  Traders Place |
|---|---|---|
| Stock trade fee | $0 | €0 |
| Markets | Stocks, ETFs, Forex, Crypto, Futures | Stocks, ETFs, Crypto, Bonds, Funds |
| Regulators | Central Bank of Ireland, Cyprus Securities and Exchange Commission, Financial Conduct Authority, Financial Crimes Enforcement Network, Central Bank of Ireland (CBI) | Federal Financial Supervisory Authority (BaFin) |
| Platforms | Kraken App, Kraken Pro, Kraken Desktop, Kraken Wallet | Traders Place App |
| Minimum deposit | $1 | Not confirmed |
| Account fee | Not confirmed | €0 |
| Deposit and withdrawal fees | Free bank deposits, card 3.75% + 0.25 | Not confirmed |
| Account types | Not confirmed | Joint |
| Maximum retail leverage | Up to 10x | Not confirmed |
Same on both: Investor protection (EU ICS up to EUR 20,000).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Key differences
- Kraken scores higher overall: 9.2 vs 8.9.
- Regulators: only Kraken offers Central Bank of Ireland, Cyprus Securities and Exchange Commission, Financial Conduct Authority.
- Regulators: only Traders Place offers Federal Financial Supervisory Authority (BaFin).
- Kraken is licensed in 1 more country.
- Markets: only Kraken offers Forex, Futures.
- Markets: only Traders Place offers Bonds, Funds.
- Platforms: only Kraken offers Kraken App, Kraken Pro, Kraken Desktop.
- Platforms: only Traders Place offers Traders Place App.
- Features: only Traders Place offers Fractional shares.
Our verdict on each
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.
Traders Place
Traders Place is a German broker built around a commission-free model, with stocks, ETFs, bonds, funds and crypto in a joint account and an overall score of 6.6. It suits investors who want a low running cost and a regulated German setup, with crypto included rather than bolted on.
Score breakdown
| Area | Kraken | Traders Place |
|---|---|---|
| Cost | 9.3Stock dealing is priced at $0 with entry at $1. | 9.3Stock trade fee €0 and account fee €0 sit at ranking position 1 and 1. |
| Offer | 9.0HigherCoverage spans stocks, ETFs and forex accessed through Kraken App, Kraken Pro and Kraken Desktop. | 8.9 |
| Trust | 9.3HigherRegisters cite 1010381 and 31000270997766. | 8.6 |
Feature by feature
| Markets | Kraken | Traders Place |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| Futures | Yes | No |
| Crypto | Yes | Yes |
| Bonds | No | Yes |
| Funds | No | Yes |
Licences and countries
| Country | Kraken | Traders Place |
|---|---|---|
| Germany | Not confirmed | Federal Financial Supervisory Authority (BaFin) MiCA CASP 5299005Y5T6LXFAXDQ78 |
| Ireland | Central Bank of Ireland (CBI) MiCA CASP 9845003D98SCC2851458 IE_CBI PSD_EMI IE_CBI!C453020 | Not confirmed |
| United States | SIPC SIPC member 71030 | Not confirmed |
How they place
| Ranking | Kraken | Traders Place |
|---|---|---|
| Stock and ETF brokers | 21 of 471 | 27 of 471 |
Every fact side by side
| Fact | Kraken | Traders Place |
|---|---|---|
| Features | Crypto, Mobile app | Crypto, Fractional shares, Mobile appCovers more |
| Pricing model | Commission free | Commission free |
| Audience | Beginners, Experienced | Not confirmed |
| Legal entity | Not confirmed | Traders Place GmbH & Co. KGaA |
| Headquarters | Not confirmed | Germany |
| Support channels | Not confirmed | Email, Phone, Help centre |
Where each stands against the rest
| Fact | Kraken | Traders Place | Median |
|---|---|---|---|
| Minimum deposit | $1below the median | Not confirmed | $25 |
| Account fee | Not confirmed | €0at the median | €0 |
Median across 134 listed brokers.
Pros and cons
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.
Traders Place
Pros
- Regulated by Federal Financial Supervisory Authority (BaFin), with investor protection of EU ICS up to EUR 20,000.
- A broad market list, stocks, etfs and crypto, covering equities, ETFs, bonds, funds and crypto.
- Fractional shares, crypto and a mobile app sit in crypto, fractional shares and mobile app, with Traders Place App as the platform.
Cons
- Contact options are limited to email, phone and help centre, with no live chat channel listed.
- The market list covers stocks, etfs and crypto, so forex and CFD traders are not served.
- Retail accounts that lose money run at 70.15% across the brands compared here, so a commission-free model does not remove the risk.
Who each suits
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.
Traders Place
Who it suits
- Couples who want a joint account, since joint lists joint.
- Investors who want equities, ETFs, bonds, funds and crypto in a single account: stocks, etfs and crypto.
- Savers who want a German regulated broker with phone and email support: email, phone and help centre.
Who should look elsewhere
- Traders who want forex or CFDs, since CFI lists them in stocks, etfs and forex.
- Investors who prefer to check the cost model against a rival priced in another currency, such as eToro at $0.
Current offers
Traders Place
Current offer
Bonus
Neukundenbonus
Source, checked September 26, 2026
Country by country
| Country | Kraken | Traders Place |
|---|---|---|
| Germany | No | Yes |
Questions about each
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.
Traders Place
What does it cost to buy shares at Traders Place?+
Stock trades are charged at €0 and the pricing model is listed as commission-free, so no commission is added to a share purchase. The account fee is €0 as well, which keeps the cost of holding a plain brokerage account low for a buy and hold investor.
Does Traders Place charge to keep an account open?+
The account fee is €0, and the only account type listed is joint, as joint shows. That suits a couple holding securities together under a single pricing structure. Stock trades themselves are charged at €0, so the account charge is not offset by a per-trade commission.
Other options to compare
Other matchups
- Kraken vs Nexo
- Kraken vs Afranga
- Kraken vs Nectaro
- Kraken vs Trading 212
- Kraken vs Interactive Brokers
- Kraken vs Charles Schwab
- Kraken vs Zerodha
- Kraken vs Fidelity
- Kraken vs SoFi
- Kraken vs quantfury
- Kraken vs Webull
- Kraken vs PU Prime
- Kraken vs Wealthfront
- Kraken vs OANDA
- Kraken vs Markets.com
- Kraken vs Vantage
- Kraken vs tastytrade
- Kraken vs IC Markets
- Kraken vs ActivTrades
- Kraken vs DKB (Deutsche Kreditbank)
- Kraken vs XTB
- Kraken vs bunq
- Kraken vs Mintos
- Kraken vs Bitpanda
- Kraken vs Robinhood
- Traders Place vs Empower Personal Dashboard
- Kraken vs willbe