FXTMvs
KrakenCrypto Exchange Comparison
In this head-to-head, a regulated CFD broker clashes with a native crypto exchange, testing security, asset depth, and fee transparency in a crypto-first landscape.
Our Verdict
Kraken winsClear Winner
Kraken edges FXTM on the editorial score, reflecting stronger trust and regulation. Its documented security track record and regulatory alignment underpin the higher rating.
Kraken
4.6/5
FXTM
3.7/5
Key Differences
- 1Kraken is a native exchange; FXTM is a CFD broker.
- 2Kraken lists 200 coins; FXTM offers 7.
- 3Kraken provides quarterly proof of reserves; FXTM does not.
Who should choose FXTM vs Kraken?
Find out which crypto exchange best suits your trading profile.
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 a long track record and quarterly proof of reserves.
Best for low fees
Recommended
Kraken offers 0.00% maker fees at volume.
FXTM vs Kraken: Side-by-Side Crypto Exchange Comparison
| Criteria |  FXTM |  Kraken |
|---|---|---|
| Editorial score | 3.7/ 5 | 4.6/ 5 |
| Min Deposit | $10 | No minimum▼ lower |
| Spreads From | 1.5 pips | N/A |
| Taker Fee | N/A | 0.26% |
FXTM vs Kraken Crypto Exchange Pros & Cons
Pros
- CySEC and FCA regulated with FSCS and ICF protection
- Excellent educational resources, well-matched to developing market traders
- Low minimum deposit ($10) with MT4/MT5 support
Cons
- Spread-only model on entry accounts is less transparent than commission+raw alternatives
- Crypto selection is limited vs dedicated exchanges
FXTM vs Kraken: Detailed Category Breakdown
A closer look at the specific criteria each exchange meets or misses within each scoring category.
2
FXTM
criteria wins
5
Kraken
criteria wins
Highlighted rows show where the two exchanges differ
| Criteria | FXTM | 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 | Fail | Pass |
| Transparent pricing page | Fail | 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 |
FXTM vs Kraken: Frequently Asked Questions
Kraken rates 4.6/5 versus 3.7/5 for FXTM. Kraken edges ahead on our composite score, though both exchanges meet a reasonable standard for most traders.
FXTM lists a spread from 1.5. 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 FXTM requires at least $10. This makes Kraken more accessible for traders looking to start with a smaller crypto investment.
FXTM holds top-tier regulation (FCA, FSCA, 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 FXTM provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources before deciding.
FXTM 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 on commission-based accounts. Commission details for FXTM are not currently available. Check their website for up-to-date pricing. 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.
FXTM supports MetaTrader 5, MetaTrader 4, while Kraken supports Kraken Pro. FXTM has exclusive access to MetaTrader 5 and MetaTrader 4. Kraken has exclusive access to Kraken Pro.
Kraken scores better on fee criteria (no deposit fee, no inactivity fee). Always check both exchanges' current fee schedules, as maker/taker rates and withdrawal fees vary and are subject to change.
Kraken offers staking while FXTM 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.
