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Company Name
Kraken
Company Abbreviation
Kraken
Platform registered country and region
Bulgaria
Company website
Company summary
Pyramid scheme complaint
Expose
Note: Kraken's official website - https://www.kakenyqs.com/ is currently inaccessible normally.
| KrakenReview Summary | |
| Founded | 2023 |
| Registered Country/Region | Bulgaria |
| Regulation | No regulation |
| Market Instruments | Energy, currencies, precious metals |
| Demo Account | / |
| Leverage | / |
| Spread | / |
| Trading Platform | / |
| Min Deposit | / |
| Customer Support | Online chat |
Kraken was registered in 2023 in Bulgaria. It provides trading services related to energy, currencies, and precious metals. However, it is not regulated, and it does not reveal much information about accounts and trading details.
Pros and Cons
| Pros | Cons |
| None | Lack of regulation |
| Inaccessible website | |
| Lack of trasparency | |
| Limited channels for customer support |
Is Kraken Legit?
No, Kraken is not regulated by the financial services regulatory authority in Bulgaria, which means that the company lacks regulation from its registration site. Moreover, the current status shows that client transferring is prohibited. Therefore, please be aware of the potential risks!
What Can I Trade on Kraken?
Kraken provides several types of products, including energy, currencies, and precious metals.
| Tradable Instruments | Supported |
| Energy | ✔ |
| Currencies | ✔ |
| Precious Metals | ✔ |
| Indices | ❌ |
| Stocks | ❌ |
| Cryptos | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Transaction Type
Kraken offers various transaction types, including trading, C2C (crypto-to-crypto), and fiat transactions.
