Kraken vs Pepperstone
An in-depth comparison to help you choose the right broker for your trading journey.
Who Wins Each Category?
Our scores for Kraken and Pepperstone, side by side, across the categories that decide your costs and safety.
Who Wins?
Pepperstone wins on overall score (4.5/5 vs 4.2/5). Kraken is the pick if you value security-conscious investors; choose Pepperstone if you value scalpers. The tables below show where each actually wins.
Who this is for: Kraken suits traders who prioritise security-conscious investors; Pepperstone suits traders who prioritise scalpers.
Side-by-Side Comparison
What Actually Differs
The numbers that matter when choosing between Kraken and Pepperstone.
Pros & Cons
Pros
- Industry-leading security (never hacked)
- Proof of reserves audits
- Strong regulatory compliance (US-based)
- Competitive fees with volume discounts
- Staking available for 15+ assets
Cons
- Fewer altcoins than Binance
- Higher fees than some competitors
- Limited margin trading options
- Interface less intuitive for beginners
Pros
- Razor-sharp spreads from 0.0 pips
- Ultra-fast execution (avg 30ms)
- Multiple platforms: MT4, MT5, cTrader, TradingView
- No minimum deposit requirement
- Award-winning customer service
- Excellent for scalping and algo trading
Cons
- Limited educational resources
- No proprietary platform
- Research tools could be improved
- No guaranteed stop losses
Which Broker Should You Choose?
If you:
- Security-conscious investors
- US traders
- Long-term holders
- Staking enthusiasts
Kraken vs Pepperstone: FAQ
Which is better, Kraken or Pepperstone?
Overall, Kraken scores 4.2/5 and Pepperstone scores 4.5/5. The right pick depends on what you value: Kraken for security-conscious investors, Pepperstone for scalpers.
Which is cheaper, Kraken or Pepperstone?
On our fees score, Kraken is 4.2/5 and Pepperstone is 4.9/5. Kraken advertises spreads from 0.16%, Pepperstone from 0.0 pips. Check the fee rows above for the full picture, because headline spreads are not the bill.
Which is safer, Kraken or Pepperstone?
Kraken holds 2 licence(s), including FinCEN, FCA. Pepperstone holds 6 licence(s), including ASIC, FCA, BaFin, CySEC, DFSA, SCB. More Tier 1 regulators means more client protection schemes. Verify any licence at the regulator register before depositing.
Which has more markets, Kraken or Pepperstone?
Kraken offers 200+ Cryptos, Pepperstone offers 1,200+. Choose the range that covers what you actually trade.
Calculate Your Trading Costs
Use our free tools to compare broker costs and calculate position sizes before you trade.
Other Broker Matchups
Trading Terms Explained
New to some of the jargon in this comparison? These explainers cover the concepts that decide your costs and risk.