Disclaimer
✕
Kraken is a global trading platform known for its advanced social trading features, allowing users to observe and emulate experienced traders' strategies.
Founded in 2007, Kraken has grown into a comprehensive trading platform serving clients globally. It provides a broad selection of assets including equities, cryptocurrencies, commodities, and foreign exchange, under the supervision of reputable regulators like FCA (UK), CySEC (Cyprus), and ASIC (Australia). Its user-friendly interface and diverse asset coverage attract both beginners and seasoned traders, establishing a strong presence in the trading sector.
Kraken's social trading environment sets it apart from conventional brokers. Traders can interact, share insights, and follow top performers. Its mirror trading function allows automatic copying of successful traders' strategies, promoting learning opportunities and potential profits for new investors.
Investors trading on Kraken enjoy commission-free transactions across numerous international markets, supporting cost-efficient and diversified investment portfolios without hidden fees.
New traders can familiarize themselves with the platform through a risk-free demo account with a virtual balance of $100,000, allowing strategy testing and confidence building before trading with real capital.
For those seeking simplified investment choices, Kraken's SmartPortfolios provide customized options. These combine leading investors or specific sectors, such as renewable energy or real estate, into a single consolidated asset.
Kraken enables commission-free stock trading. However, traders should be aware of other costs like spreads, overnight CFD charges, and withdrawal fees. Here's a quick overview:
| Fee Type | Description |
|---|---|
| Spreads | Costs vary based on market segments. Kraken offers competitive spreads on major pairs like EUR/USD, with wider spreads for less common cryptocurrencies. |
| Overnight Fees | Tailored for traders operating outside standard hours, providing maximum flexibility for a global trading schedule. |
| Withdrawal Fee | A small fee may be charged for withdrawing funds from your account. |
| Inactivity Fee | Regional regulations may differ; please verify local rules applicable to your area. |
Disclaimer:Market volatility can affect fee levels. For the most recent details, visit Kraken.
Register by providing your email and creating a password, or via social media login.
Complete KYC and compliance procedures by submitting necessary documents for a transparent onboarding process.
Choose from various payment methods, including credit cards, digital wallets, Kraken, and more.
Start with a demo account to practice trading strategies before going live.
When ready, trade stocks, cryptocurrencies, or follow expert traders effortlessly!
Kraken is regulated by reputable authorities, ensuring compliance and security.
Strict policies ensure client funds are kept separate, promote transparency, and follow industry best practices to protect your assets from misuse.
Kraken employs advanced SSL encryption to safeguard your personal and financial data. The platform complies with AML and KYC standards to prevent fraud, and offers two-factor authentication (2FA) to enhance account security.
Eligible traders on Kraken benefit from negative balance protection to ensure that losses do not surpass the invested capital during turbulent market conditions. This feature helps keep your trading account secure from unforeseen price swings.
Register today at Kraken without any cost and enjoy fee-free trading on a variety of stocks, complemented by advanced social trading tools.
Create Your Free Kraken Trading ProfileThinking about registering with Kraken? Access your account easily via our official platform. Always trade judiciously and monitor your financial limits.
No, Kraken features a clear and straightforward fee structure, with all costs explicitly detailed in our fee schedule aligned with your trading activity.
Spreads represent the gap between the bid and ask prices of assets. These fluctuate based on factors like market liquidity, volatility, and trading volume.
To avoid overnight charges, traders can choose not to use leverage or close their leveraged positions before the market ends for the day.
Transferring funds from your bank to your Kraken account usually does not incur fees from Kraken. Nonetheless, your bank may impose transaction or processing fees you should consider.
Kraken does not levy charges for bank transfers into your account. However, your bank may charge for these transactions.
Kraken features a competitive fee structure, with zero commissions on stocks and transparent spreads, catering to social and CFD traders. Although some spreads may be marginally wider, its low-cost approach and community tools offer significant value.
Overall, Kraken provides a versatile trading environment with essential market tools and social features. Its intuitive interface, no-commission stock trading, and innovative CopyTrader make it especially appealing to beginners, with the lively trading community offsetting slightly wider spreads on some assets.