Flatex vs Kraken Pro Comparison
| 0.7 % | Fees | 0.4 % |
| € 7.00 | Cost for €1,000 | € 4.10 |
| 20 | Cryptos | 380+ |
| 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, including all fees and spreads.
| € 7.00 | Cost for €1,000 | € 4.10 |
| 0.7 % | Fees | 0.4 % |
| – | 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 a €1,000 purchase you pay €2.90 less at Kraken Pro.
Pros & Cons
- BaFin-regulated German bank with a full licence
- Crypto ETPs held in a standard portfolio alongside shares and ETFs
- German tax certificate included
- Established provider, in business since 1999
- No direct crypto trading, only ETPs and ETNs
- No withdrawal to a personal wallet
- Order fees on top of 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 July 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 | ✓ |
- Crypto in a securities wrapper for conventional portfolios
- 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
Order fees from around €5.90 plus the trading-venue charge; crypto ETPs also carry ongoing product costs (TER, typically 1–2% a year). As of July 2026.
No separate analysis -- based on Kraken.
Details
| flatexDEGIRO Bank AG | Company | Payward Inc. |
| 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 a €1,000 purchase you pay €2.90 less at Kraken Pro.
For most investors Kraken Pro is therefore the better choice.
For investors who want crypto exposure inside a conventional brokerage account alongside shares and ETFs – complete with German tax reporting and a familiar interface – flatex is a solid choice. If you want to own real coins and withdraw them to your own wallet, you need an actual crypto exchange instead.
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.