Kraken vs Webull

Kraken vs Webull Comparison Table 2024
Kraken	Webull
Review 3.9 Kraken is #27 in our crypto broker rankings.	Review 4.4 Webull is #31 in our broker rankings.
Traders from US accepted	Traders from US 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.	Webull is a multi-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC, FINRA and FCA and continues to uphold a strong trust rating. Low fees, no minimum investment and generous welcome bonuses have made the discount broker popular with online investors.
Bonus Offer
Lower fees when trading volume exceeds $50,000 in 30 days	Up to 12 free fractional shares when you deposit $100
Comment by Reviewer
"Kraken will suit traders looking for a diverse list of cryptos including Bitcoin and a good security track record."	"Webull is best for traders looking to buy and sell stocks on a user-friendly platform with zero commissions. The intuitive app also makes this broker great for mobile investors."
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	The Smart Advisor tool facilitates a more hands-off approach to investing, with low minimum investments and automatic rebalancing The $0 minimum deposit and availability of fractional shares make broker highly accessible for beginners and those on a budget The flagship charting platform offers comprehensive analysis tools including 60+ indicators, plus deep fundamental data Webull maintains its strong reputation, with regulation by in the US and UK and a clean track record Webull is a low-cost broker, offering commission-free trading on many assets and zero inactivity fees Alongside the investment account, the broker offers IRAs for those with long-term financial goals The broker offers free stocks to newly registered investors
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	There are relatively high deposit and withdrawal fees for non-US residents, including a $45 charge for international wire withdrawals There’s a narrow range of payment methods available compared to competitors, with just ACH, ACATS and wire transfers available There’s only one platform on offer, with no additional third-party tools
Instruments
Cryptos	Stocks, ETFs, ADRs, OTCs, options, cryptos, forex, fractional shares
Demo Account
Yes	Yes
Minimum Deposit
$10	$0
Trading Platforms
AlgoTrader	Desktop App Web Terminal
Payment Methods
Bitcoin Payments Etana Ethereum Payments PayID Wire Transfer Silvergate Bank Transfer	ACH Transfer Automated Customer Account Transfer Service Wire Transfer
Minimum Trade
Variable	0.00001 (Fractional Share)
Regulator
FCA, FinCEN, FINTRAC, AUSTRAC, FSA	SEC, FINRA, FCA
Margin Trading
Yes	Yes
Margin Rate
	5.49% - 9.49%
STP Account
No	No
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	Yes
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	USD
Stock Exchanges
	Dow Jones Hong Kong Stock Exchange Nasdaq New York Stock Exchange
Forex Trading
Forex trading not offered	Webull offers a small range of 17 currencies - far fewer than the 40+ offered by most competitors. Forex can be traded on the feature-rich investing app, offering 50+ customizable indicators plus dozens of technical signals. Beginners can also utilize demo mode with unlimited virtual cash.
GBPUSD Spread
	0.4
EURUSD Spread
	0.2
EURGBP Spread
	0.4
Assets
	15+
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.	Webull offers trading on 8 popular cryptos through its Webull Pay app, including Bitcoin, Litecoin and Shiba Inu. The broker charges a 100bps (basis points) markup on the price, although there is no minimum equity requirement or commission fee.
Spread
0-0.26% average	Floating
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 BCH DOGE ETC ETH LTC SHIB USDC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
Yes	No
Auto Market Maker
No	No

Review	Review