Kraken Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-05 10:58

Abstract：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.

　　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	❌