IC vs Kraken: A Brokerage Comparison
IC and Kraken are two prominent online brokerages that offer trading services in various assets. A recent comparison of the two highlights their differences and similarities.
The IC brokerage has a rating of Great on TradingView, with 81,875 connected accounts. The platform was founded in 2011 and is headquartered in the United States. It offers trading in Forex, CFDs, and crypto assets, with a minimum deposit requirement of $200 USD.
Kraken, on the other hand, has a rating of Above Average on TradingView, with 2,139 connected accounts. The platform also offers trading in various assets, including Forex, CFDs, and crypto, with a minimum deposit requirement of $1 USD.
Both brokerages offer competitive spreads, starting from 0.0 pips for IC and no clear figure mentioned for Kraken. They also charge fees based on the volume traded, ranging from $3 USD per $100,000 USD notional volume traded for IC.
The inactivity fee for IC is $10 (in account currency) per month, while there is no clear mention of an inactivity fee for Kraken. Both platforms offer various order types and features, including market orders, limit orders, and stop orders.