Kraken vs Trade Republic

Kraken vs Trade Republic Comparison Table 2024
Kraken	Trade Republic
Review 3.9 Kraken is #21 in our crypto broker rankings.	Review 2.8
Traders from US accepted	Traders from US not accepted
Kraken is a leading cryptocurrency exchange with a proprietary trading terminal and a list of 220+ tradeable crypto tokens. Up to 1:5 leverage is available with stable rollover fees on spot crypto trading and up to 1:50 on futures. The exchange also supports crypto staking and has an interactive NFT marketplace.	Trade Republic is a German investment firm, regulated by the Federal Bank of Germany (BaFin). Available in Europe, it has attracted over 4 million users and manages client assets of approximately €35 billion. Trade Republic offers trading in stocks, crypto and ETFs with a minimum investment of just €1 and interest up to 3.75% paid on uninvested cash balances.
	Investing in the stock markets carries risk: the value of investments can go up as well as down and you may receive back less than your original investment. Individual investors should make their own decisions or seek independent advice.
Bonus Offer
Lower fees when trading volume exceeds $50,000 in 30 days
Comment by Reviewer
"Kraken will suit traders looking for a diverse list of cryptos including Bitcoin and a good security track record."	"Trade Republic is best for long-term traders looking to set up automated investments (weekly, monthly or quarterly). However, its education and research tools are lacking, support is hit and miss based on tests and only European residents can sign up with the platform."
Pros
Very good security track record with no hacks in a decade since launch Excellent range of 220+ more established cryptocurrencies NFT marketplace and crypto staking available Great trading platform and mobile app Low exchange fees on Kraken Pro 50x leverage on futures trading Low minimum deposit of $10 3D secure required Mobile investing Crypto staking	Trade Republic is trusted, with authorization from Germany’s BaFin, a ‘green tier’ regulator in line with Day Trading.com’s Regulation & Trust Rating, while up to €100,000 is available in investor compensation. The investment offering at Trade Republic is head and shoulders above most competitors, with 8000+ stocks, 500+ ETFs, 40,000+ derivatives and 50+ cryptos. Trade Republic has clearly invested in its mobile trading environment with a sleek and ultra-modern mobile app that features simple navigation and an easy-to-use interface. You can earn up to 3.75% interest on unlimited cash balances with payments paid monthly and zero restrictions on withdrawals.
Cons
Slow verification process on Pro account Does not support many newer altcoins Low leverage on spot trading Does not accept fiat deposits Slow verification times	The lack of demo account and threadbare education reduces its appeal to newer traders, especially compared to brokers like eToro with its $100K simulator, zero time limit and stacked academy. Despite telephone and email assistance, Trade Republic still needs to improve its customer support, with no live chat available during testing and a fairly basic help centre which may deter aspiring investors. Trade Republic lacks the comprehensive financial solutions available at alternatives, notably Revolut with limited foreign exchange services, multi-currency accounts, and premium banking solutions.
Instruments
Cryptos	Stocks, ETFs, Indices, Derivatives, Cryptos
Demo Account
Yes	No
Minimum Deposit
$10	$0
Trading Platforms
AlgoTrader	Own
Payment Methods
Bitcoin Payments Etana Ethereum Payments PayID Silvergate Bank Transfer Wire Transfer	Apple Pay Credit Card Debit Card Google Wallet Mastercard Visa Wire Transfer
Minimum Trade
Variable	0.01 Lots
Regulator
FCA, FinCEN, FINTRAC, AUSTRAC, FSA	BaFin, Bundesbank
Margin Trading
Yes	Yes
STP Account
No	Yes
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
Yes	iOS & Android
Auto Trading
Kraken Futures is integrated in other platforms which have bots: Bookmap, Caspian, FMZ Quant, Gunbot, HaasOnline, Hyndor, Margin
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
No	No
Account Currencies
USD EUR GBP CAD AUD JPY CHF	EUR
Stock Exchanges
	Borsa Italiana Euronext London Stock Exchange Nasdaq New York Stock Exchange SIX Swiss Exchange
Commodities
	Gold Oil Silver
Cryptocurrency
Kraken is a specialized crypto exchange and supports more than 220 cryptocurrencies. These include all of the established tokens like Bitcoin as well as some altcoins. Traders can make trades on spot crypto markets with up to 1:5 leverage or on futures with up to 1:50. Fees are low and the platform is super easy to pick up.	Trade Republic offers an average range of 50+ crypto coins such as Bitcoin, Ethereum and Ripple. You can buy, sell, hold and trade digital currencies 24/7 for as little as €1 while the cold wallet storage solutions, which are regulated in Germany and Austria, help create a secure investing environment.
Spread
0-0.26% average	Market
Coins
AAVE ALGO ANT REP REPV2 BAT BAL XBT BCH ADA LINK COMP ATOM CRV DAI DASH MANA XDG EWT EOS ETH ETC FIL FLOW GNO ICX KAVA KEEP KSM KNC LSK LTC MLN XMR NANO OCEAN OMG OXT PAXG DOT QTUM XRP SC XLM STORJ SNX TBTC USDT XTZ GRT TRX UNI USDC WAVES YFI ZEC BNB	BTC SOL ETH BCH XRP DOT AVAX FET LNK ADA LTC NEAR UNI MATIC TRX FTM XLM HBAR ALGO STORJ GRT AMP SUSHI BAL OMG CHZ MKR COMP ZRX YFI ANT AXS CTSI LRC BAND PERP OXT UMA AAVE SAND KNC CRV AUDIO ENJ BAT MIR SNX EOS OGN DYDX 1INCH BNT CQT OCEAN
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
Yes	No
Auto Market Maker
No	No

Review	Review
	Investing in the stock markets carries risk: the value of investments can go up as well as down and you may receive back less than your original investment. Individual investors should make their own decisions or seek independent advice.