Trading 212 vs Kraken
| Trading 212 | Kraken |
|---|---|
2.5
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3.9
Kraken is #21 in our crypto broker rankings. |
 Traders from US not accepted
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Traders from US accepted |
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Trading 212 is a European and UK-regulated CFD broker that also offers stock investing and ISAs. It’s best known for its commission-free trading model and beginner-friendly app, which has helped it attract 2.5 million users and £3.5 billion in client assets. |
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. |
| Customer Reviews | |
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2
Based on 1 Trading 212 customer reviews
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| Bonus Offer | |
| Lower fees when trading volume exceeds $50,000 in 30 days | |
| Comment by Reviewer | |
| "With its user-friendly app, low barrier to entry and fractional shares, Trading 212 is particularly suited to beginners. However, it lacks the advanced charting tools experienced day traders will want. Its products are also increasingly geared towards longer-term investors." | "Kraken will suit traders looking for a diverse list of cryptos including Bitcoin and a good security track record." |
| Pros | |
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| Cons | |
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| Instruments | |
| CFDs, Forex, Stocks, Indices, Commodities, ETFs | Cryptos |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $1 | $10 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | Variable |
| Regulator | |
| FCA, CySEC, FSC | FCA, FinCEN, FINTRAC, AUSTRAC, FSA |
| Margin Trading | |
| Yes | Yes |
| STP Account | |
| Yes | 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 | No |
| Negative Balance Protection | |
| Yes | No |
| Market Maker | |
| Yes | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | Yes |
| Mobile Apps | |
| iOS & Android | Yes |
| App Review | |
Trading212 have positioned themselves at the front of the mobile trading movement. Their platform is based on a ‘mobile-first’ model, so they prioritize this type of trader. The app offers 1800+ instruments, zero commissions and a free practise account. Download the app risk free and try it out.
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| Auto Trading | |
| AutoInvest Portfolio | Kraken Futures is integrated in other platforms which have bots: Bookmap, Caspian, FMZ Quant, Gunbot, HaasOnline, Hyndor, Margin |
| Copy Trading | |
| No | No |
| Social Trading | |
| Yes | No |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| Yes | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Islamic Account | |
| No | No |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| Engage in leveraged CFD trading across a wide array of instruments, encompassing forex, stocks, commodities, and indices. Yet while the selection of asset classes is satisfactory, the charting software and floating spreads for short-term traders fall behind that of competitors. | CFD trading not offered |
| Leverage | |
| 1:30 | |
| FTSE Spread | |
| 2.5 | |
| GBPUSD Spread | |
| 0.00028 | |
| Oil Spread | |
| 0.4 | |
| Stocks Spread | |
| 0.2% Var | |
| Forex Trading | |
| Trade over 180 major, minor, and exotic forex pairs on the Trading 212 platform, featuring floating spreads and leverage up to 1:30. It’s important to note, though, that the forex broker has a history of adjusting margin requirements without providing adequate notice. As a result, CMC Markets is a better pick for forex traders with more currency pairs and a cleaner record. | Forex trading not offered |
| Forex App | |
Trading212 have positioned themselves at the front of the mobile trading movement. Their platform is based on a ‘mobile-first’ model, so they prioritize this type of trader. The app offers 1800+ instruments, zero commissions and a free practise account. Download the app risk free and try it out.
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| GBPUSD Spread | |
| 0.00028 | |
| EURUSD Spread | |
| 0.00015 | |
| EURGBP Spread | |
| 0.00044 | |
| Assets | |
| 180+ | |
| Currency Indices | |
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| Cryptocurrency | |
| Crypto trading not offered | 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. |
| Spread | |
| 0-0.26% average | |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | Yes |
| Auto Market Maker | |
| No | No |
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