Interactive Brokers vs Kraken on TradersPost

Interactive Brokers and Kraken differ on 11 of 21 points TradersPost compares: authentication, stocks, crypto, short selling and 7 more. Both support market orders, limit orders, stop orders, stop limit orders, good till canceled orders and immediate or cancel orders.

Interactive Brokers Kraken
  • Authentication

    OAuth

    API key

  • Stocks

    Supported

    Not supported

  • Crypto

    Not supported

    Supported

  • Short selling

    Supported

    Not supported

  • Fractional quantity

    Not supported

    Supported

  • Trailing stops

    Supported

    Not supported

  • Bracket orders

    Supported

    Not supported

  • Day orders

    Supported

    Not supported

  • Trailing stop attached to entry

    Supported

    Not supported

  • Modify open orders

    Not supported

    Supported

  • Paper accounts

    Supported

    Not supported

Same on both 6

  • Market orders
  • Limit orders
  • Stop orders
  • Stop limit orders
  • Good till canceled orders
  • Immediate or cancel orders

Neither supports 4

  • Stock Options
  • Index Options
  • Futures
  • Fill or kill orders

Link to this comparison /compare/connections/ibkr-vs-kraken

Brokers change their rules, so check their docs before you connect. TradersPost does not recommend a broker.

Worth knowing about each

Interactive Brokers

  • Stocks only. IBKR futures, options, and crypto are not sent through this WebAPI integration, even when those products exist in TWS.
  • IBKR allows one active login session per username. Logging into TWS or the IBKR mobile app with the same username can interrupt automated orders.
  • The North America API reset window is 23:45–00:45 ET. Signals in that window can fail even with retries.

View Interactive Brokers connection View Interactive Brokers docs

Kraken

  • Spot crypto only.

View Kraken connection View Kraken docs

More comparisons

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