Crypto Fund Trader vs Kraken Prop rules, prices and codes side by side

Where they differ

Cheapest challenge

Crypto Fund Trader$40 ($5K 1-Phase Evaluation)

Kraken Prop$20 ($5K Advanced)

Daily loss limit

Crypto Fund Trader4% to 5%

Kraken Prop3%, or none on some

Maximum loss

Crypto Fund Trader6% to 10% static or trailing

Kraken Prop3% to 6% static or trailing

Profit split

Crypto Fund Trader50% to 80%

Kraken Prop80%

Bitcoin leverage

Crypto Fund Trader5x to 100x

Kraken Prop10x

Account sizes

Crypto Fund Trader$2.5K to $200K

Kraken Prop$5K to $200K

Sizes only this firm sells

Crypto Fund Trader$2.5K

Kraken PropNone

Steps

Crypto Fund TraderInstant, 1-step and 2-step

Kraken Prop1-step

Challenges

Crypto Fund Trader15

Kraken Prop18

Country

Crypto Fund TraderSwitzerland

Kraken PropBritish Virgin Islands

Founded

Crypto Fund TraderNovember 2022

Kraken PropMay 2026

Every rule, side by side

Rule	Crypto Fund Trader	Kraken Prop
The firm
Country	Switzerland	British Virgin Islands
Founded	November 2022	May 2026
Years in operation	3	Under 1
Platforms	MetaTrader 5, Match-Trader, Bybit (own account)	Kraken Pro
Trades on	Bybit (trader's own account connected by API)	Kraken Pro (web and mobile app), on a simulated Prop account
Markets	Crypto (Bybit USDT pairs)	Crypto, index and commodity
Some trades on-chain	No	No
Rules
Model	1-phase or 2-phase evaluation (its Break evaluation is sold out); instant accounts also offered	1-step evaluation (Starter, Intermediate or Advanced; Lite on $50,000)
Account sizes	$2.5K, $5K, $10K, $25K, $50K, $100K, $200K	$5K, $10K, $25K, $50K, $100K, $200K
Profit target	8% phase 1 / 5% phase 2 (2-phase); 10% (1-phase)	10% (Starter) / 12% (Intermediate) / 9% (Advanced) / 6% (Lite)
Daily loss limit	5% (2-Phase; 6% with the Daily Drawdown add-on) / 4% (1-Phase and Instant), measured on equity against the balance at 00:05 UTC; Break accounts (sold out) list only a trailing loss limit (4% on $25,000 and $50,000, 3% on $100,000), no daily limit	3% of the balance at 00:30 UTC, checked against equity (Starter, Intermediate, Advanced); none on Lite
Maximum drawdown	10% fixed from initial balance (2-Phase; 12% with the Max Drawdown add-on); 6% trailing from the highest balance, checked on equity, that stops at the initial balance (1-Phase); 6% overall (Instant)	6% (Starter) / 5% (Intermediate) / 3% (Advanced), static from the starting balance; $1,500 trailing the highest closed balance on Lite
Max leverage	Up to 1:100 on Bybit accounts, depending on the instrument	Up to 10x on BTC, the Nasdaq 100 and the S&P 500 (its August 18, 2026 update; its September guide still says 5x on BTC and ETH, 2x on other crypto), 5x on SOL and 3x on HYPE; up to 40x on the Nasdaq 100 and S&P 500 on Lite; commodities 5x on gold, silver, WTI and Brent oil, 10x on copper and 3x on natural gas (its commodities table; the same page's FAQ says up to 5x on every commodity)
Profit split	80% on 1-Phase and 2-Phase funded accounts, up to 90% with the 90% Bonus Performance add-on; Instant accounts scale from 50% to 90%	80%; 90% with an add-on bought at purchase for 20% of the plan price
Payouts	After at least 15 traded days or every 30 calendar days (every 7 traded days with the Weekly Payouts add-on); Instant accounts can also withdraw at 10% profit with no minimum days; Break accounts (sold out) pay on demand under a 40% consistency rule; paid by bank transfer (EUR or USD) or crypto (USDT ERC20/TRC20, BTC, ETH)	On request with no open positions or orders; reviewed within 24 hours (typically 12) and paid in USD or USDG to the trader's Kraken account; $50 minimum on Lite
Starting price	from $40 for a $5,000 account (1-phase)	from $20 for a $5,000 account (Advanced)
Minimum days	None to pass; 15 traded or 30 calendar days before a payout; none for Instant at 10% profit	None
Consistency rule	Best day at most 40% of total profit (Break Final Stage); none (2-Phase, 1-Phase, Instant)	None
US traders	Yes (no country limits on Match-Trader or Bybit, Bybit's own terms apply; MT5 excludes US)	Yes (crypto only for US clients; not offered in Canada or India)
Fee refund	Only within 14 days of purchase, before any trade	No
News trading	Allowed	Allowed (its Prop page sets no restriction on trading strategy)
Weekend holding	Allowed	Allowed (margin funding of 0.033% a day applies; 0.013% a day on XYZ100 and SP500 on Lite)
Current offer	None now	None now
Rules checked	November 4, 2026	November 10, 2026

Crypto Fund Trader: source 1source 2source 3source 4source 5source 6source 7Kraken Prop: source 1source 2source 3source 4source 5source 6source 7source 8source 9

Prices at each account size

Account	Crypto Fund Trader	Kraken Prop
Sizes both sell
$5K	$401-Phase Evaluation3 challenges at this size	$20Advanced3 challenges at this size
$10K	$801-Phase Evaluation3 challenges at this size	$40Advanced3 challenges at this size
$25K	$2191-Phase Evaluation2 challenges at this size	$95Advanced3 challenges at this size
$50K	$3691-Phase Evaluation2 challenges at this size	$139Lite4 challenges at this size
$100K	$6191-Phase Evaluation2 challenges at this size	$330Advanced3 challenges at this size
$200K	$1,1991-Phase Evaluation2 challenges at this size	$660Advanced2 challenges at this size
Sizes only one sells
$2.5K	$125Instant	Not sold

Every Crypto Fund Trader challengeEvery Kraken Prop challengeEvery firm's challenges

Current offers

Crypto Fund Trader

No code seen in the last seven days.

Buy

Kraken Prop

No code seen in the last seven days.

Buy

What each daily limit means on Bitcoin

How far Bitcoin has to move against a position at each firm's full leverage to use up the daily loss limit, and how often it has in the last 30 days.

Firm and program	Bitcoin cap	Daily limit	Move that uses it up	Days Bitcoin moved that far
Crypto Fund Trader · 1-phaseup to, on Bybit, depending on the instrument	100x	4%	0.04%	30 of 30
Crypto Fund Trader · 2-phaseup to, on Bybit, depending on the instrument	100x	5%	0.05%	30 of 30
Kraken Prop · Starter, Intermediate and Advanced	10x	3%	0.3%	30 of 30

Recent rule changes

Crypto Fund Trader

1. Jul 10Other

   Dropped the five-day minimum trading days on 1-Phase and 2-Phase evaluations.

   Archived Jun 24, 2026Archived Jul 10, 2026

2. Jun 10Program

   Added Break, a one-phase evaluation in $25,000, $50,000 and $100,000 sizes with no daily loss limit, a trailing drawdown of $1,000, $2,000 or $3,000, an 80% split and on-demand payouts.

   Archived Jun 9, 2026Archived Jun 10, 2026

3. Jun 9Price

   Cut 1-Phase prices from $63 to $40 at $5,000 and from $1,480 to $1,199 at $200,000.

   Archived May 17, 2026Archived Jun 9, 2026

4. Dec 4Price

   Raised prices, among them 2-Phase $100,000 from $598 to $660 and 1-Phase $100,000 from $656 to $789.

   Archived Nov 14, 2025Archived Dec 4, 2025

All 6 Crypto Fund Trader changes

Kraken Prop

1. Nov 10Other

   Dropped the UK from the countries its FAQ says Kraken Prop is not available in, leaving Canada and India; in July the list also named Australia.

   Firm's pageArchived Jul 12, 2026

2. Oct 26Other

   Changed its weekend holding rule from "Allowed (margin funding of 0.033% a day applies)" to "Allowed (margin funding of 0.033% a day applies; 0.013% a day on XYZ100 and SP500 on Lite)".

   Firm's page

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