Flatex vs Kraken Pro Comparison
In our overall rating Kraken Pro leads with 4.4 out of 5 points, ahead of Flatex with 3.1. On disclosed fees Flatex is cheaper: 0.7 % instead of 0.8 % trading fee, which means € 7.00 instead of € 8.00 per €1,000 purchase. Kraken Pro lists more cryptocurrencies (629) than Flatex (20).
| 0.7 % | Fees | 0.8 % |
| € 7.00 | Minimum cost per €1,000 | € 8.00 |
| 20 | Cryptos | 629 |
| SEPA Transfer | Payment Methods | SEPA Instant Transfer, SEPA Transfer, PayPal, Credit Card |
| Crypto custodian Tangany GmbH has a BaFin license. | Regulation | - EU: MiCA - USA: CFTC - UK: FCA |
Cost comparison
The basis is a Bitcoin purchase worth €1,000, calculated from the disclosed trading fee. A price markup in the spread is not included, because most providers do not publish it.
| € 7.00 | Minimum cost per €1,000 | € 8.00 |
| 0.7 % | Fees | 0.8 % |
| – | Wallet transfer | € 1.49 |
| Limited | Cost transparency | Yes |
| € 1 | Minimum Amount | € 5 |
| SEPA Transfer | Payment Methods | SEPA Instant Transfer, SEPA Transfer, PayPal, Credit Card |
On disclosed fees you pay €1.00 less at Flatex per €1,000 purchase.
Pros & Cons
- BaFin-regulated German bank with a full licence
- Direct trading in 25 cryptoassets for clients in Germany, from €1 per order
- Total costs of 0.6% including the spread for liquid assets such as Bitcoin
- Custody with Tangany, a BaFin-supervised crypto custodian
- Crypto ETNs in the same portfolio, with a German tax certificate
- Established online broker since 2006
- Direct crypto trading only for private clients with a registered address in Germany and an individual account
- Small selection of 25 cryptoassets, no staking, no crypto savings plans
- No transfers to or from a personal wallet
- No tax withheld on directly held crypto, gains must be declared yourself
- Crypto ETNs: order fees plus ongoing product costs (TER)
- Volume-based maker/taker fees from 0.25% / 0.40%
- Pro order types: stop-loss, take-profit, trailing stop, iceberg, OCO
- Margin trading up to 5x (selected pairs up to 10x)
- Full-featured API: REST and WebSocket v2 incl. Level 3 order book
- Shared account with standard Kraken -- no transfer required
- Active in the market since 2011 with unchanged security record
- Learning curve compared to the standard interface has room for improvement
- Margin availability regionally restricted within the EEA
- Futures run on a separate derivatives platform with own onboarding
- Lowest fee tiers only reachable from high 30-day volume onward
User Experiences
AI AnalysisNo separate analysis -- based on Kraken.
Investing carries a high level of risk, up to and including total loss of capital. This is not investment advice. As of September 2026, without guarantee.
Features
| ✓ | Maker/Taker Model | ✓ |
| ✓ | Margin Trading | ✓ |
| ✓ | Futures/Derivatives | ✓ |
| ✓ | Order Types | ✓ |
| ✓ | API | ✓ |
| ✓ | Charts | ✓ |
| ✓ | Mobile App (Pro Mode) | ✓ |
| ✓ | Asset Selection | ✓ |
| ✓ | 2FA Security | ✓ |
| ✓ | Cold Storage | ✓ |
- 25 cryptoassets tradable directly for 0.6% to 0.7% in total costs including the spread
- Crypto trading in the flatex account alongside shares and ETFs
- Crypto ETNs also available as a savings plan from €25
- Volume-based fee model from 0.25% maker / 0.40% taker
- Pro order types including iceberg and OCO bracket
- Margin trading with up to 5x leverage across 150+ markets
- API access for REST and WebSocket v2
The five areas head to head
AI AnalysisFees & Costs
Direct crypto trading: total costs of 0.6% including the spread for liquid cryptoassets such as Bitcoin and 0.7% for less liquid ones, each for customary order sizes; orders start at €1. Crypto ETNs: order fee of €5.90 per exchange order plus exchange fees, and ongoing product costs (TER) that vary by issuer. As of September 2026.
No separate analysis -- based on Kraken.
Details
| flatexDEGIRO Bank AG | Company | Payward Europe Solutions Limited |
| 2005 | Founded | 2011 |
| Crypto custodian Tangany GmbH has a BaFin license. | Regulation | - EU: MiCA - USA: CFTC - UK: FCA |
| € 1 | Minimum Amount | € 5 |
| eID, Video-ID, PostIdent | KYC | Photo ID, VideoIdent |
Verdict
In our overall rating Kraken Pro leads with 4.4 against 3.1 for Flatex.
On disclosed fees you pay €1.00 less at Flatex per €1,000 purchase.
For most investors Kraken Pro is therefore the better choice.
For investors in Germany who want to hold crypto with the same broker as their shares and ETFs, flatex is a solid choice: according to flatex, liquid assets such as Bitcoin cost 0.6% in total including the spread, less liquid ones 0.7%, each for customary order sizes. The selection of 25 cryptoassets is small, though, there is no staking and no crypto savings plan, and coins can neither be transferred to your own wallet nor deposited from one. flatex does not withhold tax on crypto gains, because directly held crypto is not subject to Germany's flat-rate withholding tax. Clients without a registered address in Germany cannot use direct crypto trading at all and are left with crypto ETNs. If you want a wide choice of coins or your own wallet, a crypto exchange is the better fit.
Kraken Pro is the separate trading interface from Kraken (pro.kraken.com and Pro mode in the mobile app) and is aimed at active traders. Unlike the standard platform with flat 0.99% fees, the volume-based maker/taker model applies here, starting at 0.25% maker and 0.40% taker, decreasing as 30-day volume rises. Account, verification, and asset balances are shared between both interfaces.
The order set covers market, limit, stop-loss, take-profit, trailing stop, iceberg orders, and bracket/OCO combinations. Margin trading is offered with up to 5x leverage depending on the pair, with selected assets reaching 10x. The availability of margin and derivatives is tied to MiFID II requirements in some EEA countries and is handled via Payward Europe Digital Solutions. Charts, order book, and API access (REST and WebSocket v2) are described in user reviews as sufficient for active strategies; the learning curve compared to the standard interface is occasionally criticized.
Kraken Pro is considered particularly suitable for active traders who value pro order types, lower volume-based fees, and margin features. Those primarily looking for savings plans or simple spot investing will find a more fitting setup on the standard interface. This comparison does not constitute investment advice.