Score

1.57 /10
Danger

Kraken

United States

5-10 years

Suspicious Regulatory License

Global Business

High potential risk

AAA

Add brokers

Comparison

Quantity 16

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.45

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-09-20
Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities
Kraken
InstaForex
Tradovate
LIVECRYPTOFOREX
Global GT
BTSE
TD Markets
ZG.COM
MRG Trader
Unicorn FX
Cash Forex Group
OvalX
NPBFX
AAX
TD365
PAXOS
Atom Markets
GateHub
1MARKET
Kato Prime
TradeDirect365
BingX
easyMarkets
UNICORN FOREX BROKER
RoboMarkets
WELTRADE
XTrend Speed

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
Kraken
BLACKWELL GLOBAL
IFS Markets
Fake FXTM
FinmaxFX
AssetsFX
KEY TO MARKETS
GBE
PLOTIO
MeeFX
Golden Capital FX
Novox
Rakuten Securities
TriumphFX
GCM ASIA
GFX
PhillipCapital UK
USG
Urban Fx Trade
FirewoodFX
XGLOBAL
InstaForex
FXGROW
TRADE.COM
FXOptimax
Probis
CRYPTO FX-TRADE

Broker Information

More

Company Name

Payward, Inc

Company Abbreviation

Kraken

Platform registered country and region

United States

Company website

X

Facebook

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2025-11-18
  • It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
  • WikiFX has received a total of 16 user complaints against this broker, please be aware of the risks and do not be scammed!

WikiFX Verification

Pyramid scheme complaint
Expose
Unable to Withdraw

Continuous traps not to withdraw

They have countless systems to scam you and prevent you from being able to withdraw your money from each of the Wallets, even passing cash or some currency that would allow you to withdraw for exceeding the minimum that they indicate, and that changes every time in each new withdrawal.

2023-11-20 01:07
Scam

Investments

The first thing that happened was they contacted me via Telegram. Then they offered me a job. The job consisted of tasks... for each completed task, they would deposit a commission. Later, the tasks went from requiring zero investment to needing a minimum investment. In other words, you would do a task like subscribing to a channel, and in another task, you would invest to be able to withdraw the earnings from the task plus the investment you made and the profit. The situation got more and more shady... Then you would move to another group where it was only for investing because, according to them, you had gone from being a beginner to a VIP. In that group, there was a minimum and maximum investment amount, and you could choose what you wanted. Well, investing in one task wasn't enough to withdraw; you had to keep investing to access the money you had already earned... and so on. Successively until. There comes a point when it's too much and they give you the runaround to withdraw... At first, they give you the minimum, then they start to entangle you to invest more and more... I hope to recover what was lost.

2025-10-31 01:23
    Kraken · Company summary
    Kraken Review Summary
    Founded2000
    Registered Country/RegionUnited States
    RegulationNo regulation
    Market InstrumentsCryptos, futures
    Demo Account
    LeverageUp to 5x
    FeesMaker Fee: 0.16%
    Taker Fee: 0.26%
    Trading PlatformKraken App, Kraken Pro, Kraken Desktop, Kraken Wallet
    Minimum Deposit$1
    Customer SupportAPP live chat

    Kraken Information

    Kraken, a cryptocurrency exchange situated in the United States, was established in 2000. It offers over 420 digital assets for trading and includes margin trading, staking, and institutional services. However, it is not overseen by major financial regulators such as the FCA or ASIC.

    Kraken Information

    Pros and Cons

    ProsCons
    Supports over 420 crypto assetsNo regulation
    Offers margin and futures tradingNo demo or Islamic account options
    Low trading fees with volume discountsWithdrawal fees charged

    Is Kraken Legit?

    In its registration jurisdiction, the United States, Kraken is not officially regulated as a securities or forex broker and lacks licenses from prominent financial authorities including the FCA (UK), ASIC (Australia), CySEC (Cyprus), or MAS (Singapore).

    license

    WHOIS records show the domain kraken.com was registered April 3, 2000 and last modified March 20, 2022. With a status of “client transfer prohibited,” it is now operational and protected, meaning it is safe against unauthorised modifications or transfers. The domain is hosted on dependable Cloudflare name servers, indicating that it is in stable operational state.

    domain

    Products and Services

    Kraken provides a broad range of crypto-focused products, including simple buying tools, complicated trading platforms, wallets, and institutional solutions. Services include over 423 cryptocurrency trading, staking, margin trading, futures, and DeFi tools.

    Products and Services

    Account Type

    Kraken has two account types: Personal account and Business account. It does not offer demo or Islamic accounts (swap-free). All trading is live, with typical trading and margin fees.

    Account Types

    Leverage

    Kraken provides margin trading with 5x leverage. Traders can establish positions five times bigger than their account balance using this. Although leverage can boost gains, it also increases possible losses.

    Leverage

    Kraken Fees

    Kraken's trading costs are moderate to low by industry standards. Fees start at 0.16% (maker) and 0.26% (taker), with discounts dependent on trading volume. High-volume and market-making traders profit the most, whereas casual users may experience greater default rates while using the “Buy Crypto” feature.

    Kraken Fees

    Trading Platform

    Trading PlatformSupportedAvailable DevicesSuitable for
    Kraken AppiOS, AndroidBeginners seeking a simple interface for crypto buying
    Kraken ProiOS, AndroidAdvanced mobile traders needing full features
    Kraken DesktopWindows, macOS, LinuxProfessional or desktop-based advanced traders
    Kraken WalletiOS, AndroidUsers managing on-chain assets securely
    Trading Platform

    Deposit and Withdrawal

    Kraken does not charge fees on most deposits, but withdrawals generally incur fixed fees, depending on the method. The minimum deposit can be as low as $1 (via ACH in the U.S.), making the platform accessible for all user levels.

    Kraken – Deposit & Withdrawal Methods (USD Example)

    Payment MethodMinimum DepositMinimum WithdrawalDeposit FeeWithdrawal FeeProcessing Time
    ACH (Plaid) (USA only)$1$0$0Deposit: Instant
    FedWire (Dart Bank) (USA)$1$20$40–1 business days
    FedWire (Etana) (USA)$10$100$30
    SWIFT (Etana Custody)$150$352–5 business days or instant
    SWIFT (Bank Frick)$4$100$3 $141–5 business days
    CUBIX™ Instant Transfer (USA)$0$0Near-instant
    Debit/Credit Cards (Buy only)$10Vary/Instant (72-hour withdrawal hold)
    Deposit and Withdrawal
    Deposit and Withdrawal

    News

    NewsMayur Gupta Becomes New Krakens Chief Marketing Officer

    He previously worked in companies like Spotify and Kimberly-Clark.

    WikiFX
    2022-04-20 12:35
    Mayur Gupta Becomes New Krakens Chief Marketing Officer

    User Reviews

    More

    User comment

    6

    Comments

    Write a review

    Mora López Mary Catherine
    0-3months
    no puedo retirar mi dinero hasta que no complete mis 2 últimas tareas , tengo que invertir y luego me harán la devolución es un fraude total al principio si te devuelven porque inviertes poco , después te piden montos altos y no se puede ya luego continuar con las tareas
    no puedo retirar mi dinero hasta que no complete mis 2 últimas tareas , tengo que invertir y luego me harán la devolución es un fraude total al principio si te devuelven porque inviertes poco , después te piden montos altos y no se puede ya luego continuar con las tareas
    Translate to English
    2025-11-13 21:59
    Reply
    0
    0
    FX3958148911
    0-3months
    Lo primero q paso me contaron x telegram Luego me ofrecieron un trabajo El trabajo consiste en tareas .. cada tarea a terminar te depósitaban una comisión , luego las tarea pasaron de cero inversión a invertir un mínimo.. osea hacías una tarea de subscribirse a un Canal y en la otra tarea invertir para así poder cobrar la ganancia de la tarea más la inversión q hiciste y la ganancia. La cuestión q se turbava cada vez más interesante.. Luego ya pasabas a otro grupo donde era solo para invertir x q según ellos pasaste de ser principiante a vip. Luego en ese grupo había un mínimo de inversión a un máximo hos elejias la q querías.. Bueno al invertir en una tarea no es suficiente para el retiro sino si tenés q seguir invirtiendo para sacar la plata q ya ganaste.. y así sucesivamente hasta. Llega un momento q es mucho y te dan vueltas para retirar.. al principio te dan los mínimo después ya te enredan a invertir más y más ... Espero poder recuperar lo perdido
    Lo primero q paso me contaron x telegram Luego me ofrecieron un trabajo El trabajo consiste en tareas .. cada tarea a terminar te depósitaban una comisión , luego las tarea pasaron de cero inversión a invertir un mínimo.. osea hacías una tarea de subscribirse a un Canal y en la otra tarea invertir para así poder cobrar la ganancia de la tarea más la inversión q hiciste y la ganancia. La cuestión q se turbava cada vez más interesante.. Luego ya pasabas a otro grupo donde era solo para invertir x q según ellos pasaste de ser principiante a vip. Luego en ese grupo había un mínimo de inversión a un máximo hos elejias la q querías.. Bueno al invertir en una tarea no es suficiente para el retiro sino si tenés q seguir invirtiendo para sacar la plata q ya ganaste.. y así sucesivamente hasta. Llega un momento q es mucho y te dan vueltas para retirar.. al principio te dan los mínimo después ya te enredan a invertir más y más ... Espero poder recuperar lo perdido
    Translate to English
    +2
    2025-10-31 01:23
    Reply
    0
    0
    16