Kraken Prop vs Velotrade – Prop Firm Comparison
Published: · Last updated:
Introduction
When comparing prop trading firms, Kraken Prop and Velotrade each offer distinct paths to funded trading. Kraken Prop is based in the British Virgin Islands, through Payward Oceanic Ltd, launched as the Kraken rebrand of the acquired firm Breakout, and is known for running inside Kraken Pro and settling payouts to a Kraken wallet in under 24 hours. Velotrade is based in Hong Kong, founded in late 2025, and stands out for a fully static drawdown on every line, no consistency rule and free API and algo access. Both are crypto-first operations, but their evaluation structures, drawdown models, pricing and payout terms differ in ways that suit different trader profiles.
Quick Facts
| Feature | Kraken Prop | Velotrade |
|---|---|---|
| Founded | 2026 | 2025 |
| Profit Split | 80/20 standard; 90/10 paid upgrade | 80% base; 90% paid add-on |
| Maximum Account Size | $200,000 | $200,000 |
| Evaluation Phases | 1 | The products, targets and drawdown - Classic 2-Step: 2 The products, targets and drawdown - Classic 1-Step: 1 The products, targets and drawdown - Pro 1-Step: 1 |
| Trustpilot Rating | Not available | Not available |
| Expert Grade | 8.5 | 7.1 |
Program Types
| Program | Kraken Prop | Velotrade |
|---|---|---|
| Entry Level Program | Yes | Classic 2-Step |
| Advanced Program | Yes | Pro 1-Step |
| Scaling Options | Not available | Yes |
| Demo Account | No | Yes |
Rules & Assessment
| Criteria | Kraken Prop | Velotrade |
|---|---|---|
| Profit Target | How it works, and what you actually buy - Starter: 10% How it works, and what you actually buy - Intermediate: 12% How it works, and what you actually buy - Advanced: 9% | The products, targets and drawdown - Classic 2-Step: 10% then 5% The products, targets and drawdown - Classic 1-Step: 10% The products, targets and drawdown - Pro 1-Step: 10% |
| Maximum Drawdown | How it works, and what you actually buy - Starter: 6% How it works, and what you actually buy - Intermediate: 5% How it works, and what you actually buy - Advanced: 3% | 10% (Classic 2-Step), 7% (Classic 1-Step), 3% (Pro) |
| Minimum Trading Days | 0 | 5 |
| News Trading | Yes | Yes |
| Daily Loss Limit | How it works, and what you actually buy - Starter: 3% How it works, and what you actually buy - Intermediate: 3% How it works, and what you actually buy - Advanced: 3% | The products, targets and drawdown - Classic 2-Step: 5% The products, targets and drawdown - Classic 1-Step: 4% The products, targets and drawdown - Pro 1-Step: 3% |
Fees & Pricing
| Option | Kraken Prop | Velotrade |
|---|---|---|
| Crypto $5K Account | Starter / USD 45 / One-time Official Kraken Prop base evaluation fee. 90% profit-split upgrade price excluded. Source Checked 2026-08-10 Intermediate / USD 33 / One-time Official Kraken Prop base evaluation fee. 90% profit-split upgrade price excluded. Source Checked 2026-08-10 Advanced / USD 20 / One-time Official Kraken Prop base evaluation fee. 90% profit-split upgrade price excluded. Source Checked 2026-08-10 | Not listed in review pricing source |
| Crypto $10K Account | Starter / USD 85 / One-time Official Kraken Prop base evaluation fee. 90% profit-split upgrade price excluded. Source Checked 2026-08-10 Intermediate / USD 65 / One-time Official Kraken Prop base evaluation fee. 90% profit-split upgrade price excluded. Source Checked 2026-08-10 Advanced / USD 40 / One-time Official Kraken Prop base evaluation fee. 90% profit-split upgrade price excluded. Source Checked 2026-08-10 | Not listed in review pricing source |
| Crypto $25K Account | Starter / USD 215 / One-time Official Kraken Prop base evaluation fee. 90% profit-split upgrade price excluded. Source Checked 2026-08-10 Intermediate / USD 150 / One-time Official Kraken Prop base evaluation fee. 90% profit-split upgrade price excluded. Source Checked 2026-08-10 Advanced / USD 95 / One-time Official Kraken Prop base evaluation fee. 90% profit-split upgrade price excluded. Source Checked 2026-08-10 | Not listed in review pricing source |
| Crypto $50K Account | Starter / USD 400 / One-time Official Kraken Prop base evaluation fee. 90% profit-split upgrade price excluded. Source Checked 2026-08-10 Intermediate / USD 280 / One-time Official Kraken Prop base evaluation fee. 90% profit-split upgrade price excluded. Source Checked 2026-08-10 Advanced / USD 180 / One-time Official Kraken Prop base evaluation fee. 90% profit-split upgrade price excluded. Source Checked 2026-08-10 | Not listed in review pricing source |
| Crypto $100K Account | Starter / USD 800 / One-time Official Kraken Prop base evaluation fee. 90% profit-split upgrade price excluded. Source Checked 2026-08-10 Intermediate / USD 545 / One-time Official Kraken Prop base evaluation fee. 90% profit-split upgrade price excluded. Source Checked 2026-08-10 Advanced / USD 330 / One-time Official Kraken Prop base evaluation fee. 90% profit-split upgrade price excluded. Source Checked 2026-08-10 | Not listed in review pricing source |
| Crypto $200K Account | Intermediate / USD 1090 / One-time Official Kraken Prop base evaluation fee. 90% profit-split upgrade price excluded. Source Checked 2026-08-10 Advanced / USD 660 / One-time Official Kraken Prop base evaluation fee. 90% profit-split upgrade price excluded. Source Checked 2026-08-10 | Not listed in review pricing source |
| Multi-asset $5K Account | Not listed in review pricing source | Classic 1-Step / USD 67 / One-time fee Official Velotrade checkout list fee. AIRCON20 promotion and the optional +20% profit-split add-on are excluded from base pricing. Single-phase evaluation; 10% profit target, 4% daily loss limit, 7% static max drawdown, 80% base profit split. Source Checked 2026-08-11 Classic 2-Step / USD 54 / One-time fee Official Velotrade checkout list fee. AIRCON20 promotion and the optional +20% profit-split add-on are excluded from base pricing. Two-phase evaluation; 10% + 5% profit targets, 5% daily loss limit, 10% static max drawdown, 80% base profit split. Source Checked 2026-08-11 Pro 1-Step / USD 40 / One-time fee Official Velotrade checkout list fee. AIRCON20 promotion and the optional +20% profit-split add-on are excluded from base pricing. One-step Pro evaluation; 10% profit target, 3% daily loss limit, 3% static max drawdown, 80% base profit split. Source Checked 2026-08-11 |
| Multi-asset $10K Account | Not listed in review pricing source | Classic 1-Step / USD 127 / One-time fee Official Velotrade checkout list fee. AIRCON20 promotion and the optional +20% profit-split add-on are excluded from base pricing. Single-phase evaluation; 10% profit target, 4% daily loss limit, 7% static max drawdown, 80% base profit split. Source Checked 2026-08-11 Classic 2-Step / USD 100 / One-time fee Official Velotrade checkout list fee. AIRCON20 promotion and the optional +20% profit-split add-on are excluded from base pricing. Two-phase evaluation; 10% + 5% profit targets, 5% daily loss limit, 10% static max drawdown, 80% base profit split. Source Checked 2026-08-11 Pro 1-Step / USD 74 / One-time fee Official Velotrade checkout list fee. AIRCON20 promotion and the optional +20% profit-split add-on are excluded from base pricing. One-step Pro evaluation; 10% profit target, 3% daily loss limit, 3% static max drawdown, 80% base profit split. Source Checked 2026-08-11 |
| Multi-asset $25K Account | Not listed in review pricing source | Classic 1-Step / USD 290 / One-time fee Official Velotrade checkout list fee. AIRCON20 promotion and the optional +20% profit-split add-on are excluded from base pricing. Single-phase evaluation; 10% profit target, 4% daily loss limit, 7% static max drawdown, 80% base profit split. Source Checked 2026-08-11 Classic 2-Step / USD 225 / One-time fee Official Velotrade checkout list fee. AIRCON20 promotion and the optional +20% profit-split add-on are excluded from base pricing. Two-phase evaluation; 10% + 5% profit targets, 5% daily loss limit, 10% static max drawdown, 80% base profit split. Source Checked 2026-08-11 Pro 1-Step / USD 165 / One-time fee Official Velotrade checkout list fee. AIRCON20 promotion and the optional +20% profit-split add-on are excluded from base pricing. One-step Pro evaluation; 10% profit target, 3% daily loss limit, 3% static max drawdown, 80% base profit split. Source Checked 2026-08-11 |
| Multi-asset $50K Account | Not listed in review pricing source | Classic 1-Step / USD 543 / One-time fee Official Velotrade checkout list fee. AIRCON20 promotion and the optional +20% profit-split add-on are excluded from base pricing. Single-phase evaluation; 10% profit target, 4% daily loss limit, 7% static max drawdown, 80% base profit split. Source Checked 2026-08-11 Classic 2-Step / USD 419 / One-time fee Official Velotrade checkout list fee. AIRCON20 promotion and the optional +20% profit-split add-on are excluded from base pricing. Two-phase evaluation; 10% + 5% profit targets, 5% daily loss limit, 10% static max drawdown, 80% base profit split. Source Checked 2026-08-11 Pro 1-Step / USD 305 / One-time fee Official Velotrade checkout list fee. AIRCON20 promotion and the optional +20% profit-split add-on are excluded from base pricing. One-step Pro evaluation; 10% profit target, 3% daily loss limit, 3% static max drawdown, 80% base profit split. Source Checked 2026-08-11 |
| Multi-asset $100K Account | Not listed in review pricing source | Classic 1-Step / USD 1075 / One-time fee Official Velotrade checkout list fee. AIRCON20 promotion and the optional +20% profit-split add-on are excluded from base pricing. Single-phase evaluation; 10% profit target, 4% daily loss limit, 7% static max drawdown, 80% base profit split. Source Checked 2026-08-11 Classic 2-Step / USD 769 / One-time fee Official Velotrade checkout list fee. AIRCON20 promotion and the optional +20% profit-split add-on are excluded from base pricing. Two-phase evaluation; 10% + 5% profit targets, 5% daily loss limit, 10% static max drawdown, 80% base profit split. Source Checked 2026-08-11 Pro 1-Step / USD 558 / One-time fee Official Velotrade checkout list fee. AIRCON20 promotion and the optional +20% profit-split add-on are excluded from base pricing. One-step Pro evaluation; 10% profit target, 3% daily loss limit, 3% static max drawdown, 80% base profit split. Source Checked 2026-08-11 |
| Multi-asset $200K Account | Not listed in review pricing source | Pro 1-Step / USD 1114 / One-time fee Official Velotrade checkout list fee. AIRCON20 promotion and the optional +20% profit-split add-on are excluded from base pricing. One-step Pro evaluation; 10% profit target, 3% daily loss limit, 3% static max drawdown, 80% base profit split. Source Checked 2026-08-11 |
| Refund Policy | non-refundable once trading begins | Non-refundable once trading starts |
| Coupons / Discount | Kraken Prop discount | Velotrade discount |
Platforms & Markets
| Feature | Kraken Prop | Velotrade |
|---|---|---|
| Trading Platforms | Kraken Pro | DXtrade |
| Forex | No | Yes |
| Stocks | No | Yes |
| Indices | No | Yes |
| Commodities | No | Yes |
| Cryptocurrencies | Yes | Yes |
| Bonds | No | No |
| EA/Algo Trading | No | Free programmatic API and algo access on all accounts |
Payout
| Feature | Kraken Prop | Velotrade |
|---|---|---|
| Payout Terms | On demand, under 12 hours, guaranteed within 24 hours; $50 minimum; direct to Kraken wallet | Weekly after first (14 days + 5 qualifying days); min $100; USDC/USDT only |
| See all prop firm payouts → | ||
Verdict
| Key Element | Kraken Prop | Velotrade |
|---|---|---|
| Strengths | Real infrastructure via Kraken Pro, one-off fee, no time limits or consistency rules, fast payouts to Kraken wallet, $50 minimum payout | Static drawdown, no consistency rule, free API/algo access, news trading allowed, weekend holding, no monthly fee |
| Weaknesses | Unregulated BVI operator, notional capital can be B-booked, tight drawdowns, 90% split is paid add-on, crypto-only, third-party strategies prohibited | Simulated accounts throughout, 90% split is paid add-on, first two payouts capped at 20x fee with excess forfeited, very new firm (late 2025) |
| Best For | Crypto traders seeking fast single-phase evaluation with direct wallet payouts | Multi-asset traders wanting static drawdown and algorithmic access |
Frequently asked questions
What should I know about Kraken Prop’s programs?
Kraken Prop was founded in 2026 and carries a JoinProp Rating of 8.5 out of 10. Our comparison table lists a 1-phase evaluation, a 9-12% depending on plan profit target and a maximum funded account of $200,000. Trading platforms are listed as Kraken Pro. On the same table a demo account is not offered and an entry level program is available. Confirm the current terms for the exact account you buy before you fund it.
What should I know about Velotrade’s programs?
Velotrade was founded in 2025 and carries a JoinProp Rating of 7.1 out of 10. Our comparison table lists a 2 or 1 depending on line-phase evaluation, a 10% then 5% (2-Step) or 10% (1-Step) profit target and a maximum funded account of $200,000. Trading platforms are listed as DXtrade. On the same table scaling is offered, a demo account is available and an entry level program is not listed. Confirm the current terms for the exact account you buy before you fund it.
How do payouts differ between Kraken Prop and Velotrade?
Kraken Prop lists a profit split of 80/20 standard; 90/10 paid upgrade. Its payout terms are listed as On demand, under 12 hours, guaranteed within 24 hours; $50 minimum; direct to Kraken wallet.
Velotrade lists a profit split of 80% base; 90% paid add-on. Its payout terms are listed as Weekly after first (14 days + 5 qualifying days); min $100; USDC/USDT only.
Which account rules matter when comparing Kraken Prop and Velotrade?
Kraken Prop applies 3-6% depending on plan as its maximum drawdown. It also lists a 9-12% depending on plan profit target and no minimum trading days. On this firm news trading is permitted and EAs and algorithms are not permitted.
Velotrade applies 10% (Classic 2-Step), 7% (Classic 1-Step), 3% (Pro) as its maximum drawdown. It also lists a 10% then 5% (2-Step) or 10% (1-Step) profit target and 5 minimum trading days. On this firm news trading is permitted and EAs and algorithms are not permitted.
Is Kraken Prop or Velotrade automatically the better choice?
No, neither firm is the automatic pick, and the honest answer depends on how you actually trade.
Kraken Prop Strengths: Real infrastructure via Kraken Pro and one-off fee. Watch-outs: Unregulated BVI operator and notional capital can be B-booked. Best suited to: Crypto traders seeking fast single-phase evaluation with direct wallet payouts.
Velotrade Strengths: Static drawdown and no consistency rule. Watch-outs: Simulated accounts throughout and 90% split is paid add-on. Best suited to: Multi-asset traders wanting static drawdown and algorithmic access.
Which one wins for you depends on how each firm measures drawdown, what the account actually costs once resets and add-ons are included, and the evaluation objectives on the exact size you buy, rather than on the headline numbers. Check both sets of current terms before you fund an account.
What makes Kraken Prop stand out among prop firms?
Kraken Prop is based in the British Virgin Islands, through Payward Oceanic Ltd, launched as the Kraken rebrand of the acquired firm Breakout, and is best known for running inside Kraken Pro and settling payouts to a Kraken wallet in under 24 hours. With an 80/20 standard; 90/10 paid upgrade profit split and a 1-step evaluation, it is aimed at crypto traders seeking fast single-phase evaluation with direct wallet payouts.
How does Velotrade differ from Kraken Prop?
Velotrade is based in Hong Kong, founded in late 2025, and differentiates itself through a fully static drawdown on every line, no consistency rule and free API and algo access. With an 80% base; 90% paid add-on profit split and a 2 or 1 depending on line evaluation, it is particularly suited to multi-asset traders wanting static drawdown and algorithmic access.
Which firm offers better payouts, Kraken Prop or Velotrade?
Kraken Prop offers an 80/20 standard; 90/10 paid upgrade profit split with On demand, under 12 hours, guaranteed within 24 hours; $50 minimum; direct to Kraken wallet. Velotrade offers an 80% base; 90% paid add-on profit split with Weekly after first (14 days + 5 qualifying days); min $100; USDC/USDT only. The better choice depends on whether you prioritise split percentage or payout speed.
What are the drawdown rules at each firm?
Kraken Prop applies 3-6% depending on plan, with a profit target of 9-12% depending on plan. Velotrade applies 10% (Classic 2-Step), 7% (Classic 1-Step), 3% (Pro), with a profit target of 10% then 5% (2-Step) or 10% (1-Step). Crypto drawdowns are tighter than the forex norm because the underlying asset is more volatile.
Are these prop firms suitable for beginners?
Both firms can accommodate beginners, but with different considerations. Kraken Prop is best suited to crypto traders seeking fast single-phase evaluation with direct wallet payouts, while Velotrade is better aligned with multi-asset traders wanting static drawdown and algorithmic access. New traders should start with the smallest available account size and read the full rulebook before committing.
What happens if I fail the evaluation at either firm?
Reset and retry terms vary between crypto prop firms, and neither firm penalises future attempts based on a previous failure. Check the current reset pricing and refund terms on each firm official site before buying, because these change often.
Conclusion and Final Recommendation
Choose Kraken Prop if you want no minimum trading days and a cheaper entry, from USD 45. Choose Velotrade if coverage of forex, stocks, indices and commodities that the other does not offer and a demo account to test the platform first matter more to you. Neither firm is better in the abstract. The right choice depends on your strategy, your budget and the instruments you trade, so read both full reviews before you commit. Verify current rules and pricing on each firm’s own site before purchasing.
How We Compared Kraken Prop and Velotrade
Both firms carry a JoinProp Rating out of 10, scored on the same nine weighted factors, led by payout reliability at 20%, then fee structure, drawdown rules and profit split at 15% each. The scores come from our own firm reviews, built from each firm’s current terms rather than its marketing pages and re-checked at least every 90 days. Affiliate relationships have no effect on any rating, and ratings are never sold. The tables above are the evidence behind those scores. Read our full ranking methodology.