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Kraken vs PrimeXBT

Kraken or PrimeXBT – which is better for UK traders 2024? Compare Kraken and PrimeXBT in this detailed breakdown of their platforms, features and fees.

Kraken vs PrimeXBT Comparison Table 2024
Kraken	PrimeXBT

3.9	4.1
Kraken is ranked #47 among crypto brokers.	PrimeXBT is ranked #34 among CFD brokers.
Review	Review
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.	PrimeXBT is a multi-asset platform offering highly leveraged trading in forex, indices, commodities and cryptocurrencies. The company launched in 2018 and now has over 1 million users from more than 150 countries. With no minimum deposit, copy trading features and low commissions, the broker remains a popular option among crypto trading novices.
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 broker’s platform and app offer advanced charting features, including 50+ technical indicators, a customizable layout and multiple order types including OCO PrimeXBT offers low maker and taker fees coming in at 0.01% and 0.02%, respectively, for crypto futures contracts There’s a range of additional trading opportunities on offer, including demo contests and a copy trading solution The broker delivers ultra-fast trade execution speeds, averaging <7.12 ms - ideal for active traders Beginners can access a crypto trading Academy with bite-size resources and YouTube videos The broker offers 24/7 customer support via live chat, as well as an extensive help centre
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 reputable regulatory oversight is a security concern, though this is common in the crypto trading industry The total selection of 110+ assets is far fewer than top competitors, including OKX with 400+ It’s a shame that there are no popular third-party platforms on offer such as MT4
Awards
	Best Crypto Trading App Best Platform For Margin Trading Most Trusted Crypto Asset Trading Platform Best Crypto And Forex Broker
FCA Regulated
Yes	No List of FCA Regulated Brokers
Instruments
Cryptos	CFDs, Cryptos, Forex, Indices, Commodities, Futures
Demo Account
Yes	Yes
Minimum Deposit
$10	$0
Payment Methods
Etana Wire Transfer	Credit Cards Debit Card
Minimum Trade
Variable	0.01 Lots
Regulator
FCA, FinCEN, FINTRAC, AUSTRAC, FSA
Mobile Apps
Yes	iOS & Android
iOS App Rating

Android App Rating

Margin Trading
Yes	Yes
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
Yes	No
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	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Auto Trading
Kraken Futures is integrated in other platforms which have bots: Bookmap, Caspian, FMZ Quant, Gunbot, HaasOnline, Hyndor, Margin	Yes
Copy Trading
No	Yes
Copy Trading Platform
	PrimeXBT offers a decent copy trading service where traders can follow the strategies of other users with free and paid-for signals. Once you have found a suitable strategy provider, you simply need to hit ‘follow’ to get started.
Social Trading
No	Yes
Trade Signals
	No
VPS Hosting
No	No
Tournaments
No	Yes
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 EUR GBP
Commodities
	Gold Oil Silver Natural Gas Copper Zinc
CFD
	PrimeXBT offers CFDs across four asset classes with very high leverage up to 1:1000. Beginners can also take advantage of the broker’s useful technical analysis guides and CFD education, plus 24/7 in-platform support via live chat.
Leverage
	1:1000
FTSE Spread
	Variable
GBPUSD Spread<
	Variable
Oil Spread
	Variable
Stocks Spread
	Variable
Forex
	PrimeXBT offers 50 forex pairs, which is above the industry average and covers a good range of majors, minors and exotics. Traders can enjoy trading via margin with zero commissions. Additionally, the broker’s copy trading service allows you to explore various currency trading strategies.
Assets
	45+
GBPUSD Spread
	Variable
EURUSD Spread
	Variable
EURGBP Spread
	Variable
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.	Traders can speculate on popular cryptos with commissions as low as 0.05% and high leverage up to 1:200. Additionally, the broker continues to improve its offering by introducing crypto futures as well as trading contests with real prizes.
Spread
0-0.26% average	0.05% BTC, 0.05% ETH
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 LTC ETH XRP EOS ADA DOT SOL UNI LINK DOGE BNB ICP SAND more
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
Yes	No
Auto Market Maker
No	No

Kraken	PrimeXBT
Review	Review
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