Compare Brokers
We help you pick the best broker for your needs with our broker comparison tool. Select 2 brokers and see exactly what makes them different.
Quick Verdict
NinjaTrader is the winner in this comparison, outperforming Kraken after we recorded hundreds of data points and ran hands-on tests, earning it the higher overall rating and our recommendation.
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NinjaTrader
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Kraken
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NinjaTrader is a US-based brokerage regulated for trading futures. It offers three different pricing plans for varied needs and budgets, along with extremely low margins on popular contracts. The company's renowned charting software and trading platform provides extensive customization options and excellent technical analysis features. | Kraken is a top cryptocurrency exchange with its own trading platform and over 600 crypto tokens. It offers up to 1:5 leverage with consistent fees on spot trading and up to 1:50 leverage on futures. | |
| Instruments | Futures, Forex, Stocks, Options, Commodities, Futures, Crypto (non-futures depend on provider) | Cryptos, xStocks, Pre-IPO Perpetual Futures |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $0 (live trades must meet intraday margin minimums, e.g., $50 to trade micro contracts) | $10 |
| Trading Platforms | NinjaTrader Desktop, Web & Mobile, eSignal | AlgoTrader, Quantower |
| Payment Methods | ACH Transfer, Cheque, Debit Card, Wire Transfer | Bitcoin Payments, Etana, Ethereum Payments, PayID, Wire Transfer |
| Minimum Trade | 0.01 Lots | Variable |
| Regulator | NFA, CFTC, CySEC | FINTRAC, AUSTRAC, CySEC, CBI |
| Account Currencies | USD, EUR, GBP, CAD, AUD | USD, EUR, GBP, CAD, AUD, JPY, CHF |
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| Mobile Apps | iOS & Android | ✓ |
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| Margin Trading | ✓ | ✓ |
| AI / Machine Learning | ✗ | ✗ |
| Robo Advisor | ✗ | ✗ |
| Negative Balance Protection | ✗ | ✗ |
| Market Maker | ✗ | ✗ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✓ | ✓ |
| Auto Trading | NinjaScript or via Automated Trading Interface | Kraken Futures is integrated in other platforms which have bots: Bookmap, Caspian, FMZ Quant, Gunbot, HaasOnline, Hyndor, Margin |
| Copy Trading | ✗ | ✗ |
| Social Trading | ✗ | ✗ |
| Trade Signals | ✓ | |
| VPS Hosting | ✗ | ✗ |
| Tournaments | ✗ | ✗ |
| Demo Competitions | ✗ | ✗ |
| Ethical Investing | ✗ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $35 | |
| Islamic Account | ✗ | ✗ |
Forex Trading | ||
NinjaTraders allows traders to deal in widely traded currencies like EUR/USD. The platform provides sophisticated features geared towards enhancing trading practices, including specialized order options such as market if touched (MIT) and one cancels other (OCO). | ||
| GBPUSD Spread | 1.6 | |
| EURUSD Spread | 1.3 | |
| EURGBP Spread | 1.6 | |
| Assets | 50+ | |
Cryptocurrency Trading | ||
You can trade micro Bitcoin futures through the CME Group's regulated exchange. These micro contracts let you trade less than one Bitcoin, offering better risk management and more flexible orders. | is a crypto exchange offering over 600 cryptocurrencies, including major tokens like Bitcoin and altcoins. Traders can trade on spot markets with up to 1:5 leverage or futures with up to 1:50. The platform is easy to use, and fees are low. | |
| Crypto Spread | Floating | 0-0.26% average |
| Crypto Coins | BTC | 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 |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✓ |
| Auto Market Maker | ✗ | ✗ |