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XM vs Kraken
The Ultimate Head-to-Head Broker Showdown
Key Differences
1
Trust & Regulation: Kraken boasts a higher trust score (92) compared to XM (82).
2
Account Minimum: Kraken requires a lower initial deposit of $1.
3
Features: Both brokers offer compelling tools, but XM focuses heavily on Forex while Kraken is known for Crypto Spot (300+ pairs).
Detailed Comparison
Trust Score
82
92
Account Minimum
$5
$1
Annual Maint. Charge (AMC)
Free
Free
Equity Delivery Fee
N/A
N/A
Platforms
Web, MT4, MT5, iOS, Android
Web, Kraken Pro, Kraken Wallet, TradingView (integrated), iOS, Android
Our Verdict
When comparing XM and Kraken, the choice depends heavily on your trading style and fee preferences. Kraken comes out slightly ahead with a higher Trust Score of 92/100, indicating stronger regulatory oversight and user satisfaction. However, XM might still be the better option depending on their specific account minimums and fee structure.
Frequently Asked Questions
Is XM better than Kraken?
Based on our automated trust algorithm, Kraken scores higher (92/100) than XM (82/100). However, the "better" broker depends on the specific assets you trade and your local regulations.
Which broker has lower fees, XM or Kraken?
XM charges N/A for equity delivery, whereas Kraken charges N/A. You should also consider their AMC and account opening fees.