FP Marketsvs
KrakenCrypto Exchange Comparison
In this comparison, FP Markets and Kraken clash over crypto access models, regulation alignment, and platform ecosystems. The matchup tests whether CFDs or native exchange features deliver asset exposure.
Our Verdict
Kraken winsClear Winner
Kraken wins on the editorial score, outperforming FP Markets due to its native exchange and stronger security posture.
Kraken
4.6/5
FP Markets
4.0/5
Key Differences
- 1Kraken operates a native exchange with a proprietary platform.
- 2FP Markets holds top regulator status.
- 3Kraken provides proof of reserves and staking.
Who should choose FP Markets vs Kraken?
Find out which crypto exchange best suits your trading profile.
Choose FP Markets if…
Choose FP Markets if you value phone support and top regulator status.
Choose Kraken if…
Choose Kraken if you want a native exchange with staking and proof of reserves.
Verdict by Trader Profile
Which exchange wins for each type of crypto trader, based on security, fees, coin selection, and editorial scoring.
Best for security
Recommended
Kraken wins for security with zero major hacks since 2011 and strong regulatory standing.
Best for low fees
Recommended
FP Markets vs Kraken: Side-by-Side Crypto Exchange Comparison
| Criteria |  FP Markets |  Kraken |
|---|---|---|
| Editorial score | 4.0/ 5 | 4.6/ 5 |
| Min Deposit | $100 | No minimum▼ lower |
| Spreads From | 0 pips | N/A |
| Taker Fee | 6.00% | 0.26%▼ lower |
FP Markets vs Kraken Crypto Exchange Pros & Cons
Pros
- Crypto CFDs available on MT4, MT5, cTrader, and TradingView, no platform switching
- ASIC and CySEC regulation with segregated client funds
- Integrates into existing multi-asset account alongside forex, indices, and shares
- No commission on crypto CFDs; spread-only pricing
Cons
- CFDs only, no real crypto ownership, staking, or on-chain access
FP Markets vs Kraken: Detailed Category Breakdown
A closer look at the specific criteria each exchange meets or misses within each scoring category.
2
FP Markets
criteria wins
3
Kraken
criteria wins
Highlighted rows show where the two exchanges differ
| Criteria | FP Markets | Kraken |
|---|---|---|
| Security | ||
| Cold storage for assets | Fail | Pass |
| Proof of reserves published | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Top-tier regulator (FCA, ASIC, etc.) | Pass | Fail |
| Fees | ||
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Features | ||
| Staking available | Fail | Pass |
| DeFi integration | Fail | Fail |
| NFT trading | Fail | Fail |
| 500+ coins listed | Fail | Fail |
| Support | ||
| Mobile app | Pass | Pass |
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Fail |
FP Markets vs Kraken: Frequently Asked Questions
Kraken rates 4.6/5 versus 4/5 for FP Markets. Kraken edges ahead on our composite score, though both exchanges meet a reasonable standard for most traders.
FP Markets lists a spread from 0. Current spread data is not available for Kraken. Check both exchanges' full fee schedules, including maker/taker rates, for up-to-date pricing.
Kraken has no minimum deposit, while FP Markets requires at least $100. This makes Kraken more accessible for traders looking to start with a smaller crypto investment.
FP Markets holds top-tier regulation (ASIC, CySEC), providing stronger investor protections. Kraken may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, two factors stand out: Kraken has no minimum deposit, removing the capital barrier entirely, and FP Markets provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources before deciding.
FP Markets offers up to 2:1 on perpetual or margin products, versus Kraken's 5:1 cap. Margin and futures trading carry higher risk than spot crypto; confirm product availability and jurisdiction-specific limits on each exchange's website.
Kraken charges $0.26 per trade, lower than FP Markets's $6 per trade. Lower commissions benefit active traders who execute many trades per day. Crypto fees are typically quoted as maker/taker rates rather than fixed per-trade commissions; check each exchange's fee schedule for volume-based discounts.
FP Markets supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4, while Kraken supports Kraken Pro. FP Markets has exclusive access to cTrader and IRESS and MetaTrader 5 and TradingView and MetaTrader 4. Kraken has exclusive access to Kraken Pro.
Kraken offers staking while FP Markets does not according to our data. Staking lets you earn passive yield on your crypto holdings directly through the exchange. Check Kraken's supported coins, lock-up terms, and estimated yields before committing.
