Updated October 17, 2026 · VaultCue Editorial Team
eToro vs Kraken
eToro
Higher score in this comparison
Kraken
What sets them apart
| Compare | eToroReviewVisitVisit | KrakenReviewVisitVisit |
|---|---|---|
| Monthly fee | $0Lower | $4.99 |
| Currency conversion fee | 0%Lower | 0.2% |
| Currencies | 5 | 6Higher |
| Transfer fee | SEPA transfers in and out free; withdrawals from local currency account free, USD investment account $5 | Based on method and currency used; funding fees can be static (fixed) or dynamic (variable) |
| Licence type | Not confirmed | Payment institution |
| Free ATM withdrawals | £2,000 to £10,000 | Not confirmed |
Same on both: Deposit protection (EU DGS up to EUR 100,000).
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Key differences
- eToro scores higher overall: 8.9 vs 8.7.
- Founded is lower at eToro: 2007 vs 2011.
- Kraken is licensed in 1 more country.
- eToro is available in 5 more countries.
- Monthly fee is lower at eToro: $0 vs $4.99.
- Currency conversion fee is lower at eToro: 0% vs 0.2%.
- Currencies is higher at Kraken: 6 vs 5.
- Support channels: only Kraken offers Email, Phone.
Our verdict on each
eToro
The retained provider fee page attributes the UK GBP account to eToro Money UK Ltd.
Kraken
Kraken settles the fee trade-off by charging a subscription rather than staying free: the monthly fee of $4.99 applies to the account, and currency conversion runs at 0.2% with transfer delivery quoted as instant. It suits people who hold and convert several currencies and move money often.
Score breakdown
| Area | eToro | Kraken |
|---|---|---|
| Cost | 9.0Higher | 8.7Subscription costs a monthly fee of $4.99 with conversion at 0.2%, against a site median fee of €0. |
| Offer | 8.7 | 9.2HigherThe account holds 6 currencies, pays out to bank, wallet and card, and delivery is instant. |
| Trust | 9.0Higher | 8.4 |
Spending 1,000 abroad
eToro
0
0% of 1,000
Kraken
2
0.2% of 1,000
eToro comes out 2 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
The bill, worked out
A year with 1,000 spent abroad
eToro
$0
12 × $0 + 0% of 1,000
Kraken
$61.88
12 × $4.99 + 0.2% of 1,000
eToro costs $61.88 less.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
How they place
| Ranking | eToro | Kraken |
|---|---|---|
| Multi-currency accounts | 1 of 348 | 9 of 348 |
Every fact side by side
| Fact | eToro | Kraken |
|---|---|---|
| Pricing model | No monthly fee | Not confirmed |
| Features | Free ATM | Not confirmed |
| Legal entity | eToro (Europe) Ltd | Payward Europe Solutions Limited |
| Headquarters | Cyprus | Ireland |
| Founded | 2007Lower | 2011 |
| Support channels | Help centre | Email, Phone, Help centreCovers more |
Money transfer
| Fact | eToro | Kraken |
|---|---|---|
| Delivery time | Not confirmed | instant |
| Payout methods | Not confirmed | Bank, Wallet, Card |
Where each stands against the rest
| Fact | eToro | Kraken | Median |
|---|---|---|---|
| Monthly fee | $0at the median | $4.99highest quarter | $0 |
| Currency conversion fee | 0%below the median | 0.2%below the median | 0.5% |
| Currencies | 5at the median | 6above the median | 5 |
| Free ATM withdrawals | £2,000 to £10,000highest quarter | Not confirmed | £0 |
Median across 536 listed accounts.
Pros and cons
eToro
Pros
- Access to shares, funds and crypto through one platform
- Fractional shares for smaller purchases in higher priced companies
- Data and analysis tools alongside views from the investor community
Cons
- Investment values can fall, so holdings may end below their starting value
- Copying other investors can bring risks that are hard to judge
Kraken
Pros
- Deposit protection in the EU is EU DGS up to EUR 100,000 under the deposit guarantee scheme.
- Currency conversion costs 0.2%, under the 0.5% seen across the site.
- Support runs on email, phone and help centre, including phone and a help centre.
Cons
- The account carries a monthly fee of $4.99, where the site median is €0.
- The currency list is limited to 6, below the 9 in this group.
- Transfer fees depend on the method and currency used, and funding fees can be fixed or variable.
Who each suits
eToro
Who it suits
- Readers identifying the provider named for eToro’s UK GBP account.
Who should look elsewhere
- People who need savings protected from market moves
- Investors who prefer a single product with a fixed return
Kraken
Who it suits
- Anyone whose money sits in more than one currency
- People willing to pay a monthly subscription for a longer currency list
- Users who want phone and help centre support alongside email
Who should look elsewhere
- Anyone after a free everyday account: Skrill charges €0 a month
- Readers who want more than 6 currencies: XTB charges €0 a month, as does AXI Card at €0
- Anyone who needs a fixed transfer price before choosing a method, since transfer fees depend on the method and currency used
Current offers
Kraken
Current offer
Free trial
Kraken+ free 30-day trial: 30 days free, then $4.99/mo
Monthly billing and the free 30-day trial are offered exclusively through the Kraken mobile app; Kraken Web currently supports annual plans only; only one free trial available per user; automatically renews at $4.99/month unless canceled
Source, checked September 26, 2026
Country by country
| Country | eToro | Kraken |
|---|---|---|
| Argentina | No | Yes |
| Bermuda | No | Yes |
| Canada | No | Yes |
| Gibraltar | Yes | No |
| Guernsey | Yes | No |
| Ireland | No | Yes |
| Isle of Man | Yes | No |
| Jersey | Yes | No |
8 of 16 countries where either is available.
Questions about each
eToro
What kinds of assets can investors reach?+
Investors can reach shares from many exchanges around the world, along with exchange traded funds and crypto assets. Fractional shares open higher priced companies to smaller purchases. Each holding can be sized around personal goals, with the data and analysis tools offering context for those choices.
Where does the company operate and who holds the accounts?+
The company serves a global community of investors across many markets. Its licences cover key markets, so the local status of an account depends on the country involved. Anyone thinking of investing should confirm which company entity holds their account before depositing money.
Kraken
What does the Kraken subscription cost each month?+
The subscription account is billed a monthly fee of $4.99. That sits above the site median of €0, so the fee suits readers who will use the extra currencies rather than pay for a dormant account.
How much does Kraken charge to convert currency?+
Currency conversion is charged at 0.2%, which sits under the 0.5% recorded across the site. The gap widens for anyone converting often, which is how the subscription tends to pay back its cost.
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