Updated September 29, 2026 · BrokerCue Editorial Team
Kraken vs Webull
What sets them apart
| Compare |  Kraken |  Webull |
|---|---|---|
| Markets | Stocks, ETFs, Forex, Crypto, Futures | Stocks, ETFs, Options, Futures, 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) | FINRA, SEC, SIPC |
| Investor protection | EU ICS up to EUR 20,000 | SIPC up to USD 500,000 |
| Deposit and withdrawal fees | Free bank deposits, card 3.75% + 0.25 | $0 incoming stock transfer |
| Platforms | Kraken App, Kraken Pro, Kraken Desktop, Kraken Wallet | Desktop, Mobile, Web |
| Minimum deposit | $1 | Not confirmed |
| Options contract fee | Not confirmed | $0 |
| Account types | Not confirmed | IRA |
| Maximum retail leverage | Up to 10x | Not confirmed |
Same on both: Stock trade fee ($0).
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Key differences
- Webull scores higher overall: 9.6 vs 9.2.
- Regulators: only Kraken offers Central Bank of Ireland, Cyprus Securities and Exchange Commission, Financial Conduct Authority.
- Regulators: only Webull offers FINRA, SEC, SIPC.
- Kraken is licensed in 1 more country.
- Markets: only Kraken offers Forex.
- Markets: only Webull offers Options, Bonds, Funds.
- Platforms: only Kraken offers Kraken App, Kraken Pro, Kraken Desktop.
- Platforms: only Webull offers Desktop, Mobile, Web.
- Features: only Webull offers Demo account, Fractional shares, Options.
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.
Webull
Webull suits US retail investors who want a single app for stocks, options, futures, crypto and retirement saving, and the fee line is the draw: a stock trade costs $0. Investor protection is SIPC up to USD 500,000, though the account range is narrow.
Score breakdown
| Area | Kraken | Webull |
|---|---|---|
| Cost | 9.3Stock dealing is priced at $0 with entry at $1. | 9.7Higher |
| Offer | 9.0Coverage spans stocks, ETFs and forex accessed through Kraken App, Kraken Pro and Kraken Desktop. | 9.3Higher |
| Trust | 9.3Registers cite 1010381 and 31000270997766. | 9.8Higher |
Availability and regulation
| Country | Kraken | Webull |
|---|---|---|
| United States | SIPC SIPC member 71030 | SIPC SIPC member 71394 |
| Ireland | Central Bank of Ireland (CBI) MiCA CASP 9845003D98SCC2851458 IE_CBI PSD_EMI IE_CBI!C453020 | Not confirmed |
Positions in our rankings
| Ranking | Kraken | Webull |
|---|---|---|
| Stock and ETF brokers | 28 of 490 | 36 of 490 |
| Futures trading platforms | 6 of 83 | 9 of 83 |
Every fact side by side
| Fact | Kraken | Webull |
|---|---|---|
| Features | Crypto, Mobile app | Crypto, Demo account, Fractional shares, Options, Futures, Mobile appCovers more |
| Pricing model | Commission free | Commission free |
| Audience | Beginners, Experienced | Not confirmed |
| Legal entity | Not confirmed | WEBULL FINANCIAL LLC |
| Support channels | Not confirmed | Email, Phone, Help centre |
Where each stands against the rest
| Fact | Kraken | Webull | Median |
|---|---|---|---|
| Minimum deposit | $1below the median | Not confirmed | $10 |
| Stock trade fee | $0at the median | $0at the median | $0 |
| Options contract fee | Not confirmed | $0lowest quarter | $0.59 |
Median across 99 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.
Webull
Pros
- A stock trade costs $0 and an options contract $0 on the ira account.
- Investor protection is SIPC up to USD 500,000, with registration under FINRA, SEC and SIPC.
- A single app covers stocks, etfs and options, so shares, bonds, funds, options, futures and crypto sit together.
Cons
- Support runs on email, phone and help centre, with no live chat listed.
- Account choice is narrow, with ira the only type listed.
- Across the brokers compared, the middle retail loss share is 70.15% and the top of the range 88%.
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.
Webull
Who it suits
- US retail investors who want stocks, options, futures and crypto under a single login
- Beginners using the demo account in crypto, demo account and fractional shares before committing money
- Retirement savers who want $0 stock trades in the same app
Who should look elsewhere
- eToro, if you want forex and CFDs, since stocks, etfs and forex include them
- CFI, if your focus is forex and CFDs rather than stocks, etfs and options
- Vantage, if you trade metals and CFDs, which its forex, cfds and stocks cover
Country by country
| Country | Kraken | Webull |
|---|---|---|
| United States | 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.
Webull
What does it cost to trade?+
A stock trade costs $0 and an options contract $0, on the ira account. The pricing model is commission free, and incoming stock transfers are free. Costs stay low, though they do not decide whether a trade makes money.
Is my money protected if the firm fails?+
Accounts sit with WEBULL FINANCIAL LLC. Investor protection is SIPC up to USD 500,000, and registration with FINRA, SEC and SIPC applies, with SIPC membership listed as SIPC member 71394. Low costs do not change that, so weigh the retail loss figures before you trade.
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