Kraken vs Pepperstone

Kraken or Pepperstone – which is better for UK traders 2025? Compare Kraken and Pepperstone in this detailed breakdown of their platforms, features and fees.

Kraken vs Pepperstone Comparison Table 2025
Kraken Pepperstone
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3.9
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4.8
Kraken is ranked #35 among crypto brokers. Pepperstone is ranked #1 among CFD brokers.
Review
Review
Kraken is a top cryptocurrency exchange featuring a specialised trading platform and over 220 cryptocurrency tokens. Traders can access up to 1:5 leverage for spot trading with consistent rollover fees, and up to 1:50 for futures trading. The platform additionally offers crypto staking and hosts an engaging NFT marketplace. Founded in Australia in 2010, Pepperstone is a highly regarded broker specialising in forex and CFDs. Serving more than 400,000 clients globally, it provides access to over 1,300 financial instruments through popular platforms like MT4, MT5, cTrader, and TradingView. Its fee structure is both low and transparent. With regulation by reputable bodies such as the FCA, ASIC, and CySEC, Pepperstone guarantees a safe trading environment for traders at every level.
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.1% of retail investor accounts lose money when trading CFDs.
Pros
  • Has maintained an excellent security history with no breaches over the past ten years since inception.
  • An impressive selection of over 220 well-established cryptocurrencies.
  • NFT marketplace and crypto staking offered for traders.
  • Excellent trading platform and mobile app.
  • Kraken Pro offers competitive trading fees.
  • 50x leverage on futures trading
  • Minimum deposit requirement is only $10.
  • 3D secure is necessary.
  • Mobile investing
  • Crypto staking
  • Pepperstone offers rapid execution speeds of approximately 30ms, enabling swift order processing and execution, making it ideal for traders.
  • Support for top-tier charting platforms such as MT4, MT5, TradingView, and cTrader. These tools accommodate different short-term trading methods, including algorithmic trading.
  • In recent years, Pepperstone has significantly enhanced the deposit and withdrawal process. By 2025, clients can use Apple Pay and Google Pay, while 2024 saw the introduction of PIX and SPEI for customers in Brazil and Mexico.
  • Pepperstone presents itself as an economical choice for traders, offering spreads as low as 0.0 in its Razor account. The Active Trader programme provides rebates up to 30% on indices and commodities, plus $3 per lot on forex.
  • Over the years, Pepperstone has consistently garnered recognition from DayTrading.com’s annual awards. Recently, it was honoured as the 'Best Overall Broker' in 2025 and was the 'Best Forex Broker' runner-up the same year.
  • The award-winning customer support can be accessed through phone, email, or live chat. During tests, response times have consistently been under 5 minutes.
  • Pepperstone now offers spread betting via TradingView, delivering a streamlined and tax-efficient trading experience with sophisticated analytical tools.
Cons
  • Delayed verification for Pro accounts.
  • Limited support for newer altcoins.
  • Minimal leverage in spot trading.
  • Does not accept deposits in traditional currency.
  • Slow processing times
  • Pepperstone's demo accounts expire after 30 days, which may not provide sufficient time to explore various platforms and evaluate trading strategies.
  • Pepperstone doesn't offer cTrader Copy, a favoured feature for copying trades found in the cTrader platform, which is available on other platforms such as IC Markets. However, Pepperstone has launched its own user-friendly copy trading app.
  • Despite broadening its market range, the crypto options remain limited compared to brokers like eToro, and there is no facility for investing in actual coins.
Awards
  • Best Overall Broker - DayTrading.com 2025
  • Best Forex Broker Runner Up - DayTrading.com 2025
  • Best Trading App Runner Up - DayTrading.com 2025
  • Best MT4/MT5 Broker Runner Up - DayTrading.com 2025
  • Best TradingView Broker Runner Up - DayTrading.com 2025
  • Best Forex Broker - DayTrading.com 2024
  • Best Overall Broker - DayTrading.com 2023
  • Best Trading App - DayTrading.com 2022
  • Best Forex Broker - DayTrading.com 2021
FCA Regulated
Yes Yes
Instruments
Cryptos CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto (only Pro clients), Spread Betting
Demo Account
Yes Yes
Minimum Deposit
$10 $0
Payment Methods
Minimum Trade
Variable 0.01 Lots
Regulator
FCA, FinCEN, FINTRAC, AUSTRAC, FSA FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
Mobile Apps
Yes iOS & Android
Trading App
Pepperstone shines with top-tier integration with MT4, MT5, cTrader, and TradingView, ideal for traders using these major platforms. They offer stable mobile trading, boosted by Pepperstone's rapid execution speeds and extensive asset variety. It recently achieved second place in DayTrading.com's 2025 'Best Trading App' award.
iOS App Rating
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4.7
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4.4
Android App Rating
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4.2
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4.1
Margin Trading
Yes Yes
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No Yes
AlgoTrader
Yes No
OmniTrader
No No
TradingView
No Yes
Autochartist
No Yes
eSignal
No No
Trading Central
No No
STP Account
No Yes
ECN Account
No Yes
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No Yes
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Kraken Futures is integrated in other platforms which have bots: Bookmap, Caspian, FMZ Quant, Gunbot, HaasOnline, Hyndor, Margin Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
Pepperstone offers the replication of skilled traders' strategies via MetaTrader Signals, DupliTrade, and its new proprietary copy trading app, in collaboration with Pelican Trading. This service, available in select regions, grants access to numerous experienced traders and customized risk settings. However, it does not support cTrader Copy, which might discourage traders who prefer Spotware's platform.
Social Trading
No No
Trade Signals
Yes (Via Chartist Software)
VPS Hosting
No Yes
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 Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • JPY
  • CHF
  • HKD
  • SGD
Commodities
  • Gold
  • Silver
  • Oil
  • Corn
  • Palladium
  • Precious Metals
  • Platinum
  • Copper
  • Gasoline
  • Cocoa
  • Coffee
  • Cotton
  • Livestock
  • Sugar
  • Wheat
  • Natural Gas
  • Soybeans
  • Orange Juice
  • Aluminium
  • Nickel
  • Zinc
CFD
In our recent assessment, Pepperstone remains a top-tier CFD broker, renowned for its speed and reliability. With execution times averaging 30ms and a remarkable 99.90% fill rate, traders benefit from a smooth experience free from requotes and dealing desk disruptions. Additionally, it offers extensive opportunities with access to more than 1,300 assets.
Leverage
1:30 (Retail), 1:500 (Pro)
FTSE Spread
1.0
GBPUSD Spread<
0.4
Oil Spread
2.5
Stocks Spread
0.02
Forex
Pepperstone provides forex spreads on the EUR/USD averaging just 0.12 pips with their Razor account. This is highly competitive. Their extensive portfolio includes over 100 currency pairs, which exceeds what most rivals offer. Furthermore, Pepperstone stands out by offering three unique currency indices: USDX, EURX, and JPYX, which are rare on other platforms. They have been recognised with our 'Best Forex Broker' award twice.
Assets
100+
GBPUSD Spread
0.4
EURUSD Spread
0.1
EURGBP Spread
0.4
Currency Indices
  • USD
  • EUR
  • JPY
Cryptocurrency
Kraken is a dedicated crypto exchange offering over 220 cryptocurrencies, including major tokens like Bitcoin and various altcoins. Traders can engage in spot markets with leverage of up to 5:1, or in futures markets with leverage up to 50:1. The platform provides low fees and is highly user-friendly. Pepperstone remains a highly reputable crypto broker. Despite an average range of digital currencies, traders can access popular options like Bitcoin and altcoins such as Ripple with leverage up to 1:10. Its crypto indices offer comprehensive insights into digital currency markets, a feature unmatched by many other platforms.
Spread
0-0.26% average BTC 30, ETH 0
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
  • BCH
  • BTC
  • ETH
  • LTC
  • DASH
  • ADA
  • LINK
  • DOGE
  • EOS
  • DOT
  • XRP
  • XLM
  • XTZ
  • UNI
  • BNB
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
Yes No
Auto Market Maker
No No
Kraken Pepperstone
Review
Review
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.1% of retail investor accounts lose money when trading CFDs.
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