FTX vs Kraken
FTX or Kraken – which is better for UK traders 2024? Compare FTX and Kraken in this detailed breakdown of their platforms, features and fees.
FTX | Kraken |
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FTX is ranked #83 among crypto brokers. | Kraken is ranked #47 among crypto brokers. |
FTX and FTX US has filed for Chapter 11 bankruptcy. We strongly advise against making any deposits. The FTX platform has been hacked. A warning has ben issued that the website, platform and app might be infected by trojan malware. We recommend that you refrain from using them.
FTX is a cryptocurrency exchange that offered a vast array of derivatives products and digital tokens. However, the company collapsed and filed for bankruptcy on November 11, 2022 after a wave of withdrawals revealed that the firm has mismanaged client funds and did not have sufficient liquidity. |
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. |
Pros | |
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Cons | |
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FCA Regulated | |
No | Yes |
Instruments | |
Cryptos, Futures, Options | Cryptos |
Demo Account | |
No | Yes |
Minimum Deposit | |
$1 | $10 |
Payment Methods | |
Minimum Trade | |
$1 | Variable |
Regulator | |
FCA, FinCEN, FINTRAC, AUSTRAC, FSA | |
Mobile Apps | |
iOS & Android | Yes |
iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | Yes |
MetaTrader 4 | |
No | No |
MetaTrader 5 | |
No | No |
cTrader | |
No | No |
AlgoTrader | |
Yes | Yes |
OmniTrader | |
No | No |
TradingView | |
No | No |
Autochartist | |
No | No |
eSignal | |
No | No |
Trading Central | |
No | No |
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 | No |
Negative Balance Protection | |
No | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Auto Trading | |
Yes | 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 |
Islamic Account | |
No | No |
Account Currencies | |
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Cryptocurrency | |
FTX supports crypto trading on hundreds of major tokens by way of spot trades and derivatives contracts. This includes access to popular cryptos like Bitcoin, Ethereum and Litecoin. | 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 | |
Variable | 0-0.26% average |
Coins | |
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Crypto Lending | |
Yes | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | Yes |
Auto Market Maker | |
Yes | No |
FTX | Kraken |
More Comparisons | |
FTX vs |
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