Kraken vs eToro: Fees
The difference in the commission between both platforms starts right off at the fee structure.
eToro opts for a spread-based fee that changes according to the market fluctuation, while Kraken implemented a maker-taker structure.
Between eToro and Kraken, the first charges higher fees overall. eToro's fees, like we previously mentioned, change according to the market and range between 0.75% and 2.9%. Kraken, however, takes advantage of its maker-taker structure, with fees ranging between 0 and 0.26% in most trades, according to the amount invested.
When it comes to deposits and withdrawals, eToro is not exactly cheap. The fee for each deposit varies according to the currency you're injecting into your account. The withdrawal commission is zero in the US, but you will incur a flat $5 fee if you're based anywhere else.
Kraken charges a 0.5% fee for bank transfer deposits, and it even offers some free methods. Choosing the right funding method is key, especially when you consider the commission for topping up your account using, for instance, a credit card: 3.75%.