8.5Expert Score
Kraken Prop
Kraken Prop is the proprietary trading program from Kraken (Payward, Inc.), one of the longest-running crypto exchanges in the world (founded 2011). Traders buy a one-time evaluation (no monthly fees) and, once they hit the profit target without breaching daily loss or drawdown limits, get a funded wallet of up to $200,000 in Kraken capital. Three difficulty tracks (Starter, Intermediate, Advanced) let traders pick the rule set that fits their style. Profit split is 80% by default and can be upgraded to 90% at purchase. Trading happens directly inside Kraken Pro on the same crypto pairs you already trade. Over 35,000 wallets have been funded since 2023, with payouts processed to your Kraken account typically under 12 hours (guaranteed within 24 hours). Currently available only to Kraken users in the US, Netherlands, and France.
PROS
- Backed by Kraken (Payward, Inc.) – one of the oldest and most trusted crypto exchanges (since 2011)
- Up to 90% profit split (default 80%, upgrade for +20% of base fee at purchase)
- No time limit on the evaluation – trade at your own pace
- No consistency rules, no profit caps, no strategy restrictions
- Three difficulty tracks (Starter, Intermediate, Advanced) with eval fees starting at $20
- Trade directly on Kraken Pro web + mobile – same interface you already know
- Payouts typically within 12 hours, guaranteed within 24 hours, to your Kraken account
CONS
- Geographic availability is very narrow – only US, Netherlands, and France
- Crypto only – no forex, indices, stocks or commodities
- Trading fees apply on both sides (4 bps + 0.033%/day funding) and count against MDL/MDD
- Evaluation fees are non-refundable, regardless of outcome
- No MT4/MT5/cTrader – Kraken Pro platform only
Key Rules
- Max Daily Loss (MDL): 3% on every plan, resets daily at 00:30 UTC based on the prior day’s ending balance or equity (whichever is higher)
- Max Drawdown (MDD): 6% (Starter), 5% (Intermediate), 3% (Advanced) – lifetime cap, does not reset
- Profit Target: 10% (Starter), 12% (Intermediate), 9% (Advanced) of starting wallet size
- Leverage: up to 5x on all plans
- Time limit: None – take as long as you need
- Consistency rule: None
- Profit cap: None
- Strategy restrictions: None
- Multiple accounts: Allowed up to $200K combined evaluation + funded capital
- Fees count toward MDL/MDD: Yes – commissions and funding fees reduce balance
- Evaluation fee: Non-refundable once trading begins
Company Information
- Parent: Kraken (Payward, Inc.) – US-headquartered, founded 2011
- Operator: Payward Oceanic Ltd
- Program launched: 2023
- Availability: US, Netherlands, France only
- Wallet sizes: $5,000 to $200,000 (max $200K combined cap)
- Profit split: 80% default, upgradable to 90%
- Platform: Kraken Pro (web + mobile)
- Instruments: 60+ crypto pairs (BTC, ETH, SOL, XRP, ADA and more)
- Leverage: up to 5x
- Trading fees: 4 bps per side + 0.033%/day funding on open positions
- Payouts: typically <12h, guaranteed <24h; settles to Kraken wallet in USD or USDG
- Payment methods: credit card, Apple Pay, Google Pay, Kraken USD balance
- Funded since 2023: 35,000+ wallets
Key Features at a Glance
Evaluation Fees
One-time, non-refundable fees from $20 (Advanced $5K plan) up to $1,308 (Intermediate $200K with 90% upgrade). No monthly subscriptions or recurring charges.
Account Types
Single-phase evaluation across three tracks: Starter (looser drawdown, higher target), Intermediate (balanced), and Advanced (tightest drawdown, lowest fee, lowest target).
Profit Split
Default 80% trader / 20% Kraken. Upgrade to 90/10 at purchase by paying an additional 20% on the base evaluation fee.
Account Sizes
Six wallet sizes available: $5,000, $10,000, $25,000, $50,000, $100,000, and $200,000. Combined active evaluation + funded capital is capped at $200,000.
Trading Platform
Kraken Pro web and Kraken Pro mobile app. Prop accounts sit alongside your existing Kraken account in a dedicated Prop section. Positions, orders, and balances sync across devices.
Financial Markets
60+ crypto pairs including BTC, ETH, SOL, XRP, ADA, DOGE, LTC and more. Full list visible inside the trading terminal market selector.
Evaluation Programs
Single-Phase Evaluation
Kraken Prop uses a clean one-stage model: purchase the evaluation, hit the profit target without breaching the MDL or MDD, and you graduate to a funded account. No second phase. No verification stage between purchase and trading – basic email + country verification is enough to start.
Starter Track
Most forgiving drawdown (6% max). Higher profit target (10%). Evaluation fees from $45 ($5K plan) to $800 ($100K plan). Best for traders prioritising room to recover from drawdowns.
Intermediate Track
Balanced rule set with 5% max drawdown and 12% profit target. Goes up to $200K wallet. Mid-tier fees: $33 to $1,090.
Advanced Track
Tightest rules (3% drawdown, 3% MDL). Lower profit target (9%). Lowest evaluation fees: $20 to $660. Best for disciplined risk-managers who don’t need room.
Account Sizes & Pricing
| Track |
Wallet |
Target |
Max Daily Loss |
Max Drawdown |
Fee (80%) |
Fee (90%) |
| Starter |
$5,000 |
$500 |
3% |
6% |
$45 |
$54 |
| Starter |
$10,000 |
$1,000 |
3% |
6% |
$85 |
$102 |
| Starter |
$25,000 |
$2,500 |
3% |
6% |
$215 |
$258 |
| Starter |
$50,000 |
$5,000 |
3% |
6% |
$400 |
$480 |
| Starter |
$100,000 |
$10,000 |
3% |
6% |
$800 |
$960 |
| Intermediate |
$5,000 |
$600 |
3% |
5% |
$33 |
$40 |
| Intermediate |
$10,000 |
$1,200 |
3% |
5% |
$65 |
$78 |
| Intermediate |
$25,000 |
$3,000 |
3% |
5% |
$150 |
$180 |
| Intermediate |
$50,000 |
$6,000 |
3% |
5% |
$280 |
$336 |
| Intermediate |
$100,000 |
$12,000 |
3% |
5% |
$545 |
$654 |
| Intermediate |
$200,000 |
$24,000 |
3% |
5% |
$1,090 |
$1,308 |
| Advanced |
$5,000 |
$450 |
3% |
3% |
$20 |
$24 |
| Advanced |
$10,000 |
$900 |
3% |
3% |
$40 |
$48 |
| Advanced |
$25,000 |
$2,250 |
3% |
3% |
$95 |
$114 |
| Advanced |
$50,000 |
$4,500 |
3% |
3% |
$180 |
$216 |
| Advanced |
$100,000 |
$9,000 |
3% |
3% |
$330 |
$396 |
| Advanced |
$200,000 |
$18,000 |
3% |
3% |
$660 |
$792 |
Trading Platforms
Kraken Prop runs entirely inside Kraken Pro – the same exchange product Kraken’s customers already use. There is no separate prop platform to learn, no MT4/MT5/cTrader integration, and no third-party terminal.
- Kraken Pro Web: full institutional trading interface with multiple chart layouts, depth-of-book, advanced order types, and trade history
- Kraken Pro Mobile (iOS + Android): manage positions, place orders, request payouts on the go
- Sync: positions, orders, and balances sync across web and mobile in real time
- Prop section: dedicated area inside Kraken Pro where you switch between funded/evaluation accounts and your personal Kraken account
Available order types on the Prop platform: Market, Limit, Stop Loss, Stop Loss Limit, Take Profit, and Take Profit Limit. All limit-type orders are Good ‘Til Cancelled (GTC).
Financial Markets
Kraken Prop is a pure crypto prop firm – no forex, indices, stocks, or commodities. Traders get access to 60+ crypto pairs settled in USD or USDG inside the Kraken Pro Prop section.
- Major pairs: BTC/USD, ETH/USD, SOL/USD, XRP/USD, ADA/USD, DOGE/USD, LTC/USD
- Layer-1 and Layer-2 alts: AVAX, DOT, MATIC, NEAR, ATOM and more
- DeFi tokens and stablecoins traded against the program’s quote currency
- Full list visible in the market selector inside the trading terminal
- Up to 5x leverage on all pairs
Challenge Specifications
- Format: Single-phase simulated evaluation
- Time limit: None
- Profit target: 9%, 10%, or 12% of starting wallet (Advanced, Starter, Intermediate)
- Max Daily Loss: 3% (resets at 00:30 UTC)
- Max Drawdown: 3% / 5% / 6% by track (lifetime cap, no reset)
- Leverage: up to 5x
- Consistency rule: none
- Minimum trading days: none
- Profit cap: none
- Strategy restrictions: none (scalping, swing, EAs allowed)
- Re-attempt after breach: can purchase a new evaluation any time after a breach
- Multiple active evaluations: allowed, up to $200K combined capital cap
Payout Methods
Payouts are requested from the Portfolio page inside the funded Prop account (no open positions or orders, balance must equal equity). Once requested, the review window is typically under 12 hours and guaranteed within 24 hours.
- Settlement currency: USD or USDG, transferred to your main Kraken Pro wallet as an internal ledger transfer
- From there: withdraw to external wallet or bank using Kraken’s standard withdrawal process
- Minimum payout: no fixed minimum specified – select desired amount when requesting
- Payout frequency: on demand, any time conditions are met
- Profit split: 80% trader by default, 90% if upgraded at purchase
- Direct crypto payout: not supported – payouts go through your Kraken wallet first, then you withdraw
Trading Commissions
Unlike many CFD-style prop firms, Kraken Prop charges real trading costs on every fill – and those costs count against your MDL and MDD.
- Commission: 4 basis points (0.04%) per side – charged on open AND close of every trade
- Margin funding fee: 0.033% per day, accrued and charged every 4 hours on open positions
- Evaluation fee: one-time, non-refundable, paid at purchase
- Profit-split upgrade: +20% of base plan fee for the 90/10 split (paid at purchase)
- Monthly subscription: none
- Reset fee: not applicable – if breached, simply buy a new evaluation
- Withdrawal fees: standard Kraken withdrawal fees apply when moving funds out of your Kraken wallet
Prohibited Activities & IP Rules
Because Kraken Prop runs inside the same Kraken Pro infrastructure used by Kraken’s regular customers, standard Kraken policies apply. The program is designed to be permissive on strategy but enforces the platform’s general trading and account rules.
- No automated abuse of the matching engine or attempts to exploit pricing inefficiencies between Kraken’s products
- Standard Kraken Exchange Trading Rules apply (no market manipulation, spoofing, wash trading)
- Account sharing or trading on behalf of others is not permitted – each funded account is tied to one verified Kraken user
- You must hold a verified Kraken account in an eligible country (US, NL, FR) to receive a funded account
- Funded Trader Agreement (signed via DocuSign) governs the funded relationship
- Position-limit exceeded errors will reject orders that push notional past the maximum allowed
- Breached accounts: positions and pending orders are closed immediately; account is disabled
- Strategy freedom: scalping, swing trading, news trading, EAs (via Kraken API), and overnight holds are all permitted
Unique Features
- You trade on the real Kraken Pro: not a white-labelled MT5 demo – same engine, same depth, same tools used by Kraken’s institutional clients
- Multiple active evaluations: stack several evaluation accounts as long as combined capital stays within $200K
- No verification gate to start: buy and trade with just email + country verification (full KYC only required for funded payouts)
- Payment flexibility: pay with credit card, Apple Pay, Google Pay, or your existing Kraken USD balance
- Payout speed guarantee: reviews under 12 hours typically, within 24 hours always
- Same platform for personal + prop trading: no context-switching between apps
- Backed by Payward, Inc.: publicly known operator with 14+ year crypto track record
Why Choose Kraken Prop?
Kraken Prop is the rare prop firm where you are demonstrably trading on real exchange infrastructure rather than a simulated CFD environment. For crypto traders who already use Kraken Pro, the workflow is identical to personal trading – the only difference is whose capital you’re risking. Combined with no time limits, no consistency rules, no profit caps, and one of the most trusted brand names in crypto, it’s a low-friction path to scaling crypto strategies without putting personal capital on the line. The trade-offs are clear: it’s only available in three countries (US, NL, FR), it’s crypto-only, and real trading commissions (4 bps + funding) do reduce your room versus a fee-free CFD prop.
Frequently Asked Questions
How long does it take to get funded?
Once you pass the evaluation, funded account activation typically takes 12 to 24 hours after you complete Kraken’s account verification and sign the Funded Trader Agreement. There is no time limit on the evaluation itself – you can take days or months to hit the profit target.
Can I hold positions over the weekend?
Yes. Crypto markets are 24/7, so positions can stay open through weekends. Margin funding fees of 0.033%/day continue to accrue every 4 hours regardless of weekday.
What happens if I break a rule?
If your equity falls to or below the Max Daily Loss limit or the Max Drawdown limit, all open positions and pending orders are closed immediately and the account is disabled. You’ll receive a notification with the breach reason, timestamp, and equity at breach. You can purchase a new evaluation at any time, but the original fee is non-refundable.
Can I trade news events?
Yes. There are no news-trading restrictions. Any strategy that fits within the MDL and MDD limits is permitted.
How often can I withdraw profits?
On demand – any time you have no open positions, no pending orders, and your balance equals your equity. Payouts are typically reviewed under 12 hours and guaranteed within 24 hours.
About Kraken Prop
What is Kraken Prop?
Kraken Prop is a proprietary trading program built into Kraken Pro. You purchase an evaluation, prove your trading skills by hitting a profit target while staying within risk limits, then graduate to a funded account where you keep up to 90% of the profits.
How does the Kraken Prop evaluation work?
It’s a single-phase simulated evaluation. Hit the profit target (9-12% depending on track) without breaching the 3% Max Daily Loss or the 3-6% Max Drawdown. No time limit, no consistency rule, no minimum trading days.
What account sizes does Kraken Prop offer?
Six wallet sizes from $5,000 up to $200,000, available across three difficulty tracks (Starter, Intermediate, Advanced). Combined active evaluation and funded capital is capped at $200,000 per user.
What is the profit split?
80/20 in your favour by default. Upgrade to 90/10 at the time of evaluation purchase for an additional 20% of the base plan price.
Is Kraken Prop a legitimate prop firm?
Yes – it is operated by Payward Oceanic Ltd., a subsidiary of Payward, Inc., the same parent company behind Kraken (founded 2011). Over 35,000 wallets have been funded since 2023 and the firm publishes zero payout delays.
What educational resources does Kraken Prop provide?
Kraken Prop itself doesn’t bundle a dedicated academy, but traders have full access to Kraken Learn (kraken.com/learn) for crypto education, and the Kraken Prop FAQ + support center cover all program-specific topics including MDL, MDD, fees, payouts, and breach mechanics.
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