Kraken vs Plus500
An in-depth comparison to help you choose the right broker for your trading journey.
Who Wins Each Category?
Our scores for Kraken and Plus500, side by side, across the categories that decide your costs and safety.
Who Wins?
Kraken wins on overall score (4.2/5 vs 4/5). Kraken is the pick if you value security-conscious investors; choose Plus500 if you value beginners. The tables below show where each actually wins.
Who this is for: Kraken suits traders who prioritise security-conscious investors; Plus500 suits traders who prioritise beginners.
Side-by-Side Comparison
What Actually Differs
The numbers that matter when choosing between Kraken and Plus500.
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
- Publicly traded company (LSE)
- Simple intuitive platform
- No commissions
- Wide instrument range
- Negative balance protection
Cons
- Limited research tools
- No MetaTrader support
- Basic charting
- No copy trading
Which Broker Should You Choose?
If you:
- Security-conscious investors
- US traders
- Long-term holders
- Staking enthusiasts
Kraken vs Plus500: FAQ
Which is better, Kraken or Plus500?
Overall, Kraken scores 4.2/5 and Plus500 scores 4/5. The right pick depends on what you value: Kraken for security-conscious investors, Plus500 for beginners.
Which is cheaper, Kraken or Plus500?
On our fees score, Kraken is 4.2/5 and Plus500 is 4/5. Kraken advertises spreads from 0.16%, Plus500 from 0.6 pips. Check the fee rows above for the full picture, because headline spreads are not the bill.
Which is safer, Kraken or Plus500?
Kraken holds 2 licence(s), including FinCEN, FCA. Plus500 holds 3 licence(s), including FCA, ASIC, CySEC. More Tier 1 regulators means more client protection schemes. Verify any licence at the regulator register before depositing.
Which has more markets, Kraken or Plus500?
Kraken offers 200+ Cryptos, Plus500 offers 2,800+. 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.