Head to head

Consorsbank vs Kraken — which broker is better?

Consorsbank or Kraken? Fees, regulation, platform and product range compared side by side — with a verdict drawn from the data.

Risk warning: CFDs and leveraged products are complex instruments and come with a high risk of losing money rapidly. Investments can fall in value. Past performance is not an indicator of future results.

Consorsbank

Free ETF savings plans, a real derivatives desk and free professional software — behind a tiered price list that rewards activity.

3,9

Group index 93/100Protection depends on your legal entity

BaFinACPRECB

Stocks (per order): 0.25 %
Minimum deposit: None
FX conversion: 0.26 %

Visit broker Full review

Kraken

The most heavily licensed venue in crypto — and the only one that is also a chartered US bank.

4,1

Group index 78/100Protection depends on your legal entity

CBICBICBI+9

Stocks (per order): Free
Minimum deposit: €1
5,000 order: €0

Visit broker Full review

Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.

The verdict in numbers

Four decision axes, each derived from the recorded data.

Overall Kraken takes it, 4.1 against 3.9 out of 5. Kraken is the cheaper of the two: a reference EUR 5,000 stock order costs €0.00 there against €12.50. Consorsbank scores 93 against 78 out of 100 on the group index. Your account's protection depends on its legal entity. Consorsbank covers more ground with 9 of 14 asset classes against 7. On platform and app Kraken is ahead, 4.5 against 4.2 out of 5. Which one is right depends on which of these axes matters for your trading profile.

Overall score

Consorsbank: 3.9
Kraken: 4.1 — Better

Costs

Consorsbank: €12.50
Kraken: €0.00 — Better

Group indexNo winner

Consorsbank: 93 of 100
Kraken: 78 of 100

Product range

Consorsbank: 9/14 — Better
Kraken: 7/14

Platform & app

Consorsbank: 4.2
Kraken: 4.5 — Better

Compare brokers side by side

Up to four brokers at once — every row a decision point.

Data as of: 30 Aug 2026

Best value in the row

Consorsbank · Kraken
Criterion	Consorsbank 3,9 Visit broker	Kraken 4,1 Visit broker

Overall score	3.9	4.1 — Better
Group index	93 of 100	78 of 100
Best for	ETF savings plan investorsEurex and US derivatives tradersActive traders chasing tier discountsMulti-currency portfoliosInvestors who want free professional software	Traders who prioritise regulatory qualityCrypto derivatives and margin tradersAPI and algorithmic tradersHigher-volume spot tradersUS investors wanting crypto and stocks together

Regulation	BaFinACPRECB	CBICBICBIFCAFCAFCASECCFTCWY DoBCySEC+2
Top-tier licences	3	9 — Better
Investor protection	€3,000,000 — Better	None
Listed group	Yes	No
Banking licence	Yes	Yes
Segregated client accounts	Yes	Yes
Negative balance protection	No	No
Audited financials	Yes	No
Disclosed regulatory actions	1	2
Founded	1994	2011
Headquarters	Nürnberg, DE	San Francisco, California, US

Fees	3.4	3.4
Safety & regulation	4.5	4.6 — Better
Trading platform	4.3	4.5 — Better
Product range	4.5	4.6 — Better
Mobile app	4.0	4.4 — Better
Research	4.0 — Better	3.6
Customer support	2.6	4.0 — Better
Deposit & withdrawal	4.0	4.0
Account opening	3.9	4.3 — Better
Education	3.5	3.8 — Better

Reference order EUR 5,000	€12.50	€0.00 — Better
Minimum deposit	None — Better	€1
Stocks (per order)	0.25 %	Free
US stocks	0.25 %	n/a
ETFs	0.25 %	Free
Options	0.5 %	tiered
Futures	€6	tiered
Crypto	Not offered	tiered
Bonds (order)	0.25 %	n/a
Funds (order)	0.25 %	n/a
EUR/USD spread	n/a	n/a
Index CFD spread	n/a	n/a
FX conversion	0.26 %	n/a
Inactivity fee	None	None
Custody fee	None	None
Withdrawal fee	free — Better	€1
Deposit fee	free	free
Overnight financing	n/a	n/a
Other fees	Depot and cash account: EUR 0.00 — securities depot, Verrechnungskonto, additional sub-accounts and depot transfers are all free ETF savings plans: 0% of the rate on 1,700+ ETFs, permanently, from EUR 10 a month Share and certificate savings plans: 1.50% of the rate per execution; more than 5,000 shares and 100 certificates available Currency conversion: Bloomberg BFIX mid rate plus or minus a published absolute margin per currency: USD 0.0030, GBP 0.0020, CHF 0.0030, CAD 0.0060, AUD 0.0250, SEK/NOK 0.0240, JPY 0.3600. On EUR/USD in the 1.10–1.20 range the USD 0.0030 margin is roughly 0.25%–0.27%; we record 0.26% as the working figure. The price page lists these absolute margins for 'all other transaction types' (section 3.4), while its general rules (section 3.1) refer securities-trade conversions to the section 3.3 margins of 0.30% for G10 and 0.60% for non-G10 currencies; the page leaves open which margin applies to a securities trade Foreign exchange venue fees: London EUR 34, Paris EUR 36, Zurich EUR 41, Amsterdam EUR 42, Vienna, Milan, Brussels and Helsinki EUR 56, Madrid EUR 59, Lisbon EUR 64, Stockholm EUR 65, Oslo EUR 69, Tokyo EUR 72, Sydney EUR 101, Singapore EUR 121, Hong Kong EUR 124, Wellington EUR 136 — per order, on top of commission Wertpapierkredit: 7.55% p.a. nominal (7.77% effective) on an approved credit line; 13.90% nominal (14.64% effective) on tolerated overdrafts; both rates variable, as at 16 September 2026 +8	Instant buy (Kraken app): 1% on instant purchases, 1.5% on custom orders, and a flat 3% on conversions below the minimum order size Kraken+: USD 4.99 a month or USD 49.99 a year (4.99 / 49.99 in GBP, EUR, CAD or AUD); monthly billing and the 30-day free trial only through the mobile app, Kraken Web sells annual plans only. Waives the 1% fee on instant and recurring trades and the 1.5% fee on custom orders — Buy, Sell and Convert in the Kraken app and on kraken.com — on up to USD 10,000 a month (10,000 GBP/EUR/CAD/AUD in those regions). Does not cover Spot, Futures, API or OTC trades on Kraken Pro; spreads and payment-processing fees still apply. Also boosts stablecoin rewards Margin: Opening and rollover fees of roughly 0.02%–0.05% depending on asset, with rollover assessed every 4 hours; liquidations carry a 2% fee Staking commission: 20% of rewards on flexible on-chain staking; bonded and asset-specific rates vary Cash deposits: Free — EUR SEPA and SEPA Instant, USD ACH and FedWire, GBP Faster Payments and CHF SIC all cost nothing, from a EUR 1 / USD 1 / GBP 1 / CHF 1 minimum. Only CHF via SWIFT carries a fee, at CHF 0.75 Inactivity / custody fee: None — Kraken states it charges no fee for storing funds, account inactivity or account maintenance

Asset classes (of 14)	9 — Better	7
Exchanges	34	n/a
Stocks	Yes	Yes
ETFs	Yes	Yes
Options	Yes	Yes
Futures	Yes	Yes
Forex	No	Yes
CFDs	No	No
Crypto	No	Yes
Bonds	Yes	No
Funds	Yes	No
Commodities	Yes	No
Indices	Yes	Yes
Warrants	Yes	No
Spread betting	No	No
Social trading	No	No

Platforms	Consorsbank Online-Brokerage (web)ActiveTraderActiveTrader ProConsorsbank Pro AppConsorsbank AppTrading API	Kraken ProKraken DesktopKraken (mobile app)Kraken APIKraken CLIKrakKraken Institutional / Prime
Demo account	No	No
Fractional shares	Yes	No
Maximum leverage	Consorsbank does not offer CFDs, so no ESMA retail leverage cap applies. Leverage comes from a Wertpapierkredit against the portfolio at 7.55% p.a.	1:5
Account opening	Online application with identity verification, then access credentials sent by post — a day or two slower than app-first competitors	Fully online; verification typically completes the same day, faster for EEA applicants with a supported ID
Account types	WertpapierdepotJunior-DepotMargin-KontoFremdwährungskontoTagesgeld- und Festgeldkonto	KrakenKraken ProKraken+VIPKraken Institutional

Payment methods	Bank transferSEPASEPA Instant	SEPASEPA InstantBank transferCrypto
Account currencies	EURUSDGBPCHFCADAUDJPYSEKNOKSGD+2	USDEURGBPCHFCADAUD
Deposit time	SEPA credit transfer within one business day; SEPA instant transfers execute around the clock within roughly 10 seconds	SEPA and SEPA Instant 0–3 business days or instant; USD ACH near-instant; GBP Faster Payments 0–1 business days; CHF SIC same day
Withdrawal time	1 business day for SEPA transfers instructed before the 16:30 cut-off	SEPA 0–5 business days, SEPA Instant near-instant; USD ACH 0–2 business days; GBP FPS near-instant; CHF SIC same day
Free withdrawals	n/a	n/a

Languages	German	EnglishGermanFrenchSpanishItalianDutchPortuguesePolishRomanianCzech+6
Channels	PhoneEmailLive chatTicket system	PhoneEmailLive chatTicket system
Availability	Betreuungsteam by phone, contact form and live chat; Consorsbank does not publish fixed service hours on its public pages	24/7 live chat, with phone support and a ticket queue

Strengths and weaknesses side by side

Editorial assessment based on the recorded data.

Consorsbank

Free ETF savings plans, a real derivatives desk and free professional software — behind a tiered price list that rewards activity.

3,9

Pros

All ETF savings plans run at 0% of the savings rate on more than 1,700 ETFs, permanently — the partners cover the fee, replacing the old 1.50% charge
The deepest derivatives access of any German retail bank: Eurex options and futures with volume rebates down to EUR 2.00 per contract, plus CME, CBOT and OCC options and futures on a dedicated Margin account
ActiveTrader professional software and the Trading API are both free, with real-time monitoring, one-click ordering and Iceberg orders on Xetra in the Pro version
Free depot, free Verrechnungskonto, free sub-accounts and free depot transfers, with no inactivity fee
Transparent, published FX conversion margins — Bloomberg BFIX plus USD 0.0030, GBP 0.0020, CHF 0.0030 — roughly 0.26% on the dollar (0.30% if the price page's percentage margin applies to securities trades), better than flatex's 0.35% and more transparent than comdirect, which publishes no percentage at all
Free foreign-currency sub-accounts in eleven currencies plus EUR, so US or Swiss proceeds do not have to be converted back at a spread
Backed by BNP Paribas S.A. under ECB, BaFin, ACPR and AMF supervision, with the voluntary BdB fund protecting private individuals up to EUR 3 million
From the second partial execution only the percentage commission applies — base fee and venue cost drop away, which materially cuts the cost of large orders that fill in pieces

Cons

The tiered pricing starts unremarkable and Consorsbank does not publish the volume thresholds for Silver, Gold and Platinum status on its public price pages, so a new customer cannot calculate what they will actually pay next year
Direct foreign exchange access is priced punitively: EUR 34 for London, EUR 41 for Zurich, EUR 72 for Tokyo, EUR 121 for Singapore and EUR 136 for Wellington in venue costs per order, plus a EUR 21 USA Smart Order fee and EUR 69 for Canada
Customer service scores 1.6 out of 5 on Trustpilot across 300 reviews, with reviewers reporting online-banking failures that blocked access to accounts and depots for weeks, and slow, unhelpful responses
Share, certificate and ETC savings plans still cost 1.50% of the rate, so only the ETF plans are genuinely free once the twelve-month new-customer promotion expires
ActiveTrader Pro costs up to EUR 119 a month for standard-status customers, and US derivatives market data adds EUR 5–29 a month — the professional tooling is only free once you are already trading heavily
No CFDs, no spot forex and no spot crypto, and the Tagesgeld pays 1.00% p.a. outside promotional periods

Best for

ETF savings plan investorsEurex and US derivatives tradersActive traders chasing tier discountsMulti-currency portfoliosInvestors who want free professional software

Kraken

The most heavily licensed venue in crypto — and the only one that is also a chartered US bank.

4,1

Pros

Wyoming SPDI bank charter through Kraken Financial — a full-reserve institution required to hold 100% unencumbered liquid assets against customer fiat, with a Federal Reserve limited-purpose master account
Two MiCA Crypto-Asset Service Provider authorisations plus an EMI licence from the Central Bank of Ireland, passported across all 30 EEA countries
The first crypto-native firm to hold all three CFTC licences — DCM, DCO and FCM — through Bitnomial, plus a second FCM in Kraken Derivatives US
SEC-registered broker-dealer (Kraken Securities LLC) and registered investment adviser (Kraken Adviser LLC)
831 assets and 1,432 trading pairs on the public API as of August 2026, spanning spot, margin, futures, options, forex markets and indices
Cash deposits are free on every major rail — EUR SEPA and SEPA Instant, USD ACH and FedWire, GBP Faster Payments, CHF SIC — with fully published withdrawal fees
Staking commission of 20% on flexible on-chain staking, well below Coinbase's 35%
Kraken Pro, a native desktop client, a mature API and a CLI aimed at automated agents — a genuinely deep tooling stack for a crypto venue

Cons

Entry-tier spot pricing of 0.40% maker and 0.80% taker is the most expensive base rate among major regulated venues, and you need USD 10,000 of 30-day volume before it drops below 0.40% taker
The simple app charges 1% on instant buys, 1.5% on custom orders and a punitive flat 3% on conversions below the minimum order size
Zero-fee buying, selling and converting in the app (up to USD 10,000 a month, not Kraken Pro trades) is behind a USD 4.99 monthly Kraken+ subscription rather than built into the base schedule
Payward is privately held and does not publish audited financial statements; Proof of Reserves attestations are useful but are not the same thing
The 11,000 commission-free stocks and ETFs are US-only — EEA clients get xStocks tokenised equities, which are crypto-asset products with different rights and no share ownership
Product sprawl is real: Kraken, Kraken Pro, Kraken Desktop, Krak, NinjaTrader, Bitnomial, Breakout and xStocks sit under one brand with different entities, licences and eligibility rules per country

Best for

Traders who prioritise regulatory qualityCrypto derivatives and margin tradersAPI and algorithmic tradersHigher-volume spot tradersUS investors wanting crypto and stocks together

Open an account with either

A demo account costs nothing and answers the platform question in ten minutes.

Visit broker: Consorsbank Visit broker: Kraken

More comparisons

Alternatives people weigh up alongside these two.

Consorsbank vs Kraken — which broker is better?

Consorsbank or Kraken? Fees, regulation, platform and product range compared side by side — with a verdict drawn from the data.

The verdict in numbers

Four decision axes, each derived from the recorded data.

Consorsbank · Kraken
Criterion	Consorsbank 3,9 Visit broker	Kraken 4,1 Visit broker

Overall score	3.9	4.1 — Better
Group index	93 of 100	78 of 100
Best for	ETF savings plan investorsEurex and US derivatives tradersActive traders chasing tier discountsMulti-currency portfoliosInvestors who want free professional software	Traders who prioritise regulatory qualityCrypto derivatives and margin tradersAPI and algorithmic tradersHigher-volume spot tradersUS investors wanting crypto and stocks together

Regulation	BaFinACPRECB	CBICBICBIFCAFCAFCASECCFTCWY DoBCySEC+2
Top-tier licences	3	9 — Better
Investor protection	€3,000,000 — Better	None
Listed group	Yes	No
Banking licence	Yes	Yes
Segregated client accounts	Yes	Yes
Negative balance protection	No	No
Audited financials	Yes	No
Disclosed regulatory actions	1	2
Founded	1994	2011
Headquarters	Nürnberg, DE	San Francisco, California, US

Fees	3.4	3.4
Safety & regulation	4.5	4.6 — Better
Trading platform	4.3	4.5 — Better
Product range	4.5	4.6 — Better
Mobile app	4.0	4.4 — Better
Research	4.0 — Better	3.6
Customer support	2.6	4.0 — Better
Deposit & withdrawal	4.0	4.0
Account opening	3.9	4.3 — Better
Education	3.5	3.8 — Better

Reference order EUR 5,000	€12.50	€0.00 — Better
Minimum deposit	None — Better	€1
Stocks (per order)	0.25 %	Free
US stocks	0.25 %	n/a
ETFs	0.25 %	Free
Options	0.5 %	tiered
Futures	€6	tiered
Crypto	Not offered	tiered
Bonds (order)	0.25 %	n/a
Funds (order)	0.25 %	n/a
EUR/USD spread	n/a	n/a
Index CFD spread	n/a	n/a
FX conversion	0.26 %	n/a
Inactivity fee	None	None
Custody fee	None	None
Withdrawal fee	free — Better	€1
Deposit fee	free	free
Overnight financing	n/a	n/a
Other fees	Depot and cash account: EUR 0.00 — securities depot, Verrechnungskonto, additional sub-accounts and depot transfers are all free ETF savings plans: 0% of the rate on 1,700+ ETFs, permanently, from EUR 10 a month Share and certificate savings plans: 1.50% of the rate per execution; more than 5,000 shares and 100 certificates available Currency conversion: Bloomberg BFIX mid rate plus or minus a published absolute margin per currency: USD 0.0030, GBP 0.0020, CHF 0.0030, CAD 0.0060, AUD 0.0250, SEK/NOK 0.0240, JPY 0.3600. On EUR/USD in the 1.10–1.20 range the USD 0.0030 margin is roughly 0.25%–0.27%; we record 0.26% as the working figure. The price page lists these absolute margins for 'all other transaction types' (section 3.4), while its general rules (section 3.1) refer securities-trade conversions to the section 3.3 margins of 0.30% for G10 and 0.60% for non-G10 currencies; the page leaves open which margin applies to a securities trade Foreign exchange venue fees: London EUR 34, Paris EUR 36, Zurich EUR 41, Amsterdam EUR 42, Vienna, Milan, Brussels and Helsinki EUR 56, Madrid EUR 59, Lisbon EUR 64, Stockholm EUR 65, Oslo EUR 69, Tokyo EUR 72, Sydney EUR 101, Singapore EUR 121, Hong Kong EUR 124, Wellington EUR 136 — per order, on top of commission Wertpapierkredit: 7.55% p.a. nominal (7.77% effective) on an approved credit line; 13.90% nominal (14.64% effective) on tolerated overdrafts; both rates variable, as at 16 September 2026 +8	Instant buy (Kraken app): 1% on instant purchases, 1.5% on custom orders, and a flat 3% on conversions below the minimum order size Kraken+: USD 4.99 a month or USD 49.99 a year (4.99 / 49.99 in GBP, EUR, CAD or AUD); monthly billing and the 30-day free trial only through the mobile app, Kraken Web sells annual plans only. Waives the 1% fee on instant and recurring trades and the 1.5% fee on custom orders — Buy, Sell and Convert in the Kraken app and on kraken.com — on up to USD 10,000 a month (10,000 GBP/EUR/CAD/AUD in those regions). Does not cover Spot, Futures, API or OTC trades on Kraken Pro; spreads and payment-processing fees still apply. Also boosts stablecoin rewards Margin: Opening and rollover fees of roughly 0.02%–0.05% depending on asset, with rollover assessed every 4 hours; liquidations carry a 2% fee Staking commission: 20% of rewards on flexible on-chain staking; bonded and asset-specific rates vary Cash deposits: Free — EUR SEPA and SEPA Instant, USD ACH and FedWire, GBP Faster Payments and CHF SIC all cost nothing, from a EUR 1 / USD 1 / GBP 1 / CHF 1 minimum. Only CHF via SWIFT carries a fee, at CHF 0.75 Inactivity / custody fee: None — Kraken states it charges no fee for storing funds, account inactivity or account maintenance

Asset classes (of 14)	9 — Better	7
Exchanges	34	n/a
Stocks	Yes	Yes
ETFs	Yes	Yes
Options	Yes	Yes
Futures	Yes	Yes
Forex	No	Yes
CFDs	No	No
Crypto	No	Yes
Bonds	Yes	No
Funds	Yes	No
Commodities	Yes	No
Indices	Yes	Yes
Warrants	Yes	No
Spread betting	No	No
Social trading	No	No

Platforms	Consorsbank Online-Brokerage (web)ActiveTraderActiveTrader ProConsorsbank Pro AppConsorsbank AppTrading API	Kraken ProKraken DesktopKraken (mobile app)Kraken APIKraken CLIKrakKraken Institutional / Prime
Demo account	No	No
Fractional shares	Yes	No
Maximum leverage	Consorsbank does not offer CFDs, so no ESMA retail leverage cap applies. Leverage comes from a Wertpapierkredit against the portfolio at 7.55% p.a.	1:5
Account opening	Online application with identity verification, then access credentials sent by post — a day or two slower than app-first competitors	Fully online; verification typically completes the same day, faster for EEA applicants with a supported ID
Account types	WertpapierdepotJunior-DepotMargin-KontoFremdwährungskontoTagesgeld- und Festgeldkonto	KrakenKraken ProKraken+VIPKraken Institutional

Payment methods	Bank transferSEPASEPA Instant	SEPASEPA InstantBank transferCrypto
Account currencies	EURUSDGBPCHFCADAUDJPYSEKNOKSGD+2	USDEURGBPCHFCADAUD
Deposit time	SEPA credit transfer within one business day; SEPA instant transfers execute around the clock within roughly 10 seconds	SEPA and SEPA Instant 0–3 business days or instant; USD ACH near-instant; GBP Faster Payments 0–1 business days; CHF SIC same day
Withdrawal time	1 business day for SEPA transfers instructed before the 16:30 cut-off	SEPA 0–5 business days, SEPA Instant near-instant; USD ACH 0–2 business days; GBP FPS near-instant; CHF SIC same day
Free withdrawals	n/a	n/a

Languages	German	EnglishGermanFrenchSpanishItalianDutchPortuguesePolishRomanianCzech+6
Channels	PhoneEmailLive chatTicket system	PhoneEmailLive chatTicket system
Availability	Betreuungsteam by phone, contact form and live chat; Consorsbank does not publish fixed service hours on its public pages	24/7 live chat, with phone support and a ticket queue

Criterion

3,9

4,1

Overall score

3.9

4.1

Group index

93 of 100

78 of 100

Best for

ETF savings plan investorsEurex and US derivatives tradersActive traders chasing tier discountsMulti-currency portfoliosInvestors who want free professional software

Traders who prioritise regulatory qualityCrypto derivatives and margin tradersAPI and algorithmic tradersHigher-volume spot tradersUS investors wanting crypto and stocks together

Regulation

BaFinACPRECB

CBICBICBIFCAFCAFCASECCFTCWY DoBCySEC+2

Top-tier licences

Investor protection

€3,000,000

None

Listed group

Banking licence

Segregated client accounts

Negative balance protection

Audited financials

Disclosed regulatory actions

Founded

1994

2011

Headquarters

Nürnberg, DE

San Francisco, California, US

Fees

3.4

Safety & regulation

4.5

4.6

Trading platform

4.3

4.5

Product range

4.5

4.6

Mobile app

4.0

4.4

Research

4.0

3.6

Customer support

2.6

4.0

Deposit & withdrawal

4.0

Account opening

3.9

4.3

Education

3.5

3.8

Reference order EUR 5,000

€12.50

€0.00

Minimum deposit

None

€1

Stocks (per order)

0.25 %

Free

US stocks

0.25 %

n/a

ETFs

0.25 %

Free

Options

0.5 %

tiered

Futures

€6

tiered

Crypto

Not offered

tiered

Bonds (order)

0.25 %

n/a

Funds (order)

0.25 %

n/a

EUR/USD spread

n/a

Index CFD spread

n/a

FX conversion

0.26 %

n/a

Inactivity fee

None

Custody fee

None

Withdrawal fee

free

€1

Deposit fee

free

Overnight financing

n/a

Other fees

Depot and cash account: EUR 0.00 — securities depot, Verrechnungskonto, additional sub-accounts and depot transfers are all free
ETF savings plans: 0% of the rate on 1,700+ ETFs, permanently, from EUR 10 a month
Share and certificate savings plans: 1.50% of the rate per execution; more than 5,000 shares and 100 certificates available
Currency conversion: Bloomberg BFIX mid rate plus or minus a published absolute margin per currency: USD 0.0030, GBP 0.0020, CHF 0.0030, CAD 0.0060, AUD 0.0250, SEK/NOK 0.0240, JPY 0.3600. On EUR/USD in the 1.10–1.20 range the USD 0.0030 margin is roughly 0.25%–0.27%; we record 0.26% as the working figure. The price page lists these absolute margins for 'all other transaction types' (section 3.4), while its general rules (section 3.1) refer securities-trade conversions to the section 3.3 margins of 0.30% for G10 and 0.60% for non-G10 currencies; the page leaves open which margin applies to a securities trade
Foreign exchange venue fees: London EUR 34, Paris EUR 36, Zurich EUR 41, Amsterdam EUR 42, Vienna, Milan, Brussels and Helsinki EUR 56, Madrid EUR 59, Lisbon EUR 64, Stockholm EUR 65, Oslo EUR 69, Tokyo EUR 72, Sydney EUR 101, Singapore EUR 121, Hong Kong EUR 124, Wellington EUR 136 — per order, on top of commission
Wertpapierkredit: 7.55% p.a. nominal (7.77% effective) on an approved credit line; 13.90% nominal (14.64% effective) on tolerated overdrafts; both rates variable, as at 16 September 2026
+8

Instant buy (Kraken app): 1% on instant purchases, 1.5% on custom orders, and a flat 3% on conversions below the minimum order size
Kraken+: USD 4.99 a month or USD 49.99 a year (4.99 / 49.99 in GBP, EUR, CAD or AUD); monthly billing and the 30-day free trial only through the mobile app, Kraken Web sells annual plans only. Waives the 1% fee on instant and recurring trades and the 1.5% fee on custom orders — Buy, Sell and Convert in the Kraken app and on kraken.com — on up to USD 10,000 a month (10,000 GBP/EUR/CAD/AUD in those regions). Does not cover Spot, Futures, API or OTC trades on Kraken Pro; spreads and payment-processing fees still apply. Also boosts stablecoin rewards
Margin: Opening and rollover fees of roughly 0.02%–0.05% depending on asset, with rollover assessed every 4 hours; liquidations carry a 2% fee
Staking commission: 20% of rewards on flexible on-chain staking; bonded and asset-specific rates vary
Cash deposits: Free — EUR SEPA and SEPA Instant, USD ACH and FedWire, GBP Faster Payments and CHF SIC all cost nothing, from a EUR 1 / USD 1 / GBP 1 / CHF 1 minimum. Only CHF via SWIFT carries a fee, at CHF 0.75
Inactivity / custody fee: None — Kraken states it charges no fee for storing funds, account inactivity or account maintenance

Asset classes (of 14)

Exchanges

n/a

Stocks

ETFs

Options

Futures

Forex

CFDs

Crypto

Bonds

Funds

Commodities

Indices

Warrants

Spread betting

Social trading

Platforms

Consorsbank Online-Brokerage (web)ActiveTraderActiveTrader ProConsorsbank Pro AppConsorsbank AppTrading API

Kraken ProKraken DesktopKraken (mobile app)Kraken APIKraken CLIKrakKraken Institutional / Prime

Demo account

Fractional shares

Maximum leverage

Consorsbank does not offer CFDs, so no ESMA retail leverage cap applies. Leverage comes from a Wertpapierkredit against the portfolio at 7.55% p.a.

1:5

Account opening

Online application with identity verification, then access credentials sent by post — a day or two slower than app-first competitors

Fully online; verification typically completes the same day, faster for EEA applicants with a supported ID

Account types

WertpapierdepotJunior-DepotMargin-KontoFremdwährungskontoTagesgeld- und Festgeldkonto

KrakenKraken ProKraken+VIPKraken Institutional

Payment methods

Bank transferSEPASEPA Instant

SEPASEPA InstantBank transferCrypto

Account currencies

EURUSDGBPCHFCADAUDJPYSEKNOKSGD+2

USDEURGBPCHFCADAUD

Deposit time

SEPA credit transfer within one business day; SEPA instant transfers execute around the clock within roughly 10 seconds

SEPA and SEPA Instant 0–3 business days or instant; USD ACH near-instant; GBP Faster Payments 0–1 business days; CHF SIC same day

Withdrawal time

1 business day for SEPA transfers instructed before the 16:30 cut-off

SEPA 0–5 business days, SEPA Instant near-instant; USD ACH 0–2 business days; GBP FPS near-instant; CHF SIC same day

Free withdrawals

n/a

Languages

German

EnglishGermanFrenchSpanishItalianDutchPortuguesePolishRomanianCzech+6

Channels

PhoneEmailLive chatTicket system

Availability

Betreuungsteam by phone, contact form and live chat; Consorsbank does not publish fixed service hours on its public pages

24/7 live chat, with phone support and a ticket queue