For Traders vs Kraken Prop rules, prices and codes side by side
Prices updated
- For Traders
United Arab Emirates · Founded 2023
- From
- $46
- Challenges
- 4
- Accounts
- $5K to $50K
- Kraken Prop
British Virgin Islands · Founded May 2026
- From
- $20
- Challenges
- 18
- Accounts
- $5K to $200K
For Traders
Kraken PropWhere they differ
- Cheapest challenge
- For Traders$46 ($5K Fast)
- Kraken Prop$20 ($5K Advanced)
- Daily loss limit
- For Traders3%
- Kraken Prop3%, or none on some
- Maximum loss
- For Traders5% static
- Kraken Prop3% to 6% static or trailing
- Account sizes
- For Traders$5K to $50K
- Kraken Prop$5K to $200K
- Sizes only this firm sells
- For TradersNone
- Kraken Prop$100K, $200K
- Challenges
- For Traders4
- Kraken Prop18
- Country
- For TradersUnited Arab Emirates
- Kraken PropBritish Virgin Islands
- Founded
- For Traders2023
- Kraken PropMay 2026
- Current offer
- For Traders20% off with NEW20
- Kraken PropNone now
Every rule, side by side
| Rule | For Traders | Kraken Prop |
|---|---|---|
| The firm | ||
| Country | United Arab Emirates | British Virgin Islands |
| Founded | 2023 | May 2026 |
| Years in operation | 2 | Under 1 |
| Platforms | For Traders Perps | Kraken Pro |
| Trades on | For Traders Perps, its own platform, on demo accounts | Kraken Pro (web and mobile app), on a simulated Prop account |
| Markets | Perps on crypto, stocks, indices, commodities and FX (120+ markets, open around the clock) | Crypto, index and commodity |
| Some trades on-chain | No | No |
| Rules | ||
| Model | Fast (1-step evaluation) on its 24/7 Perps accounts | 1-step evaluation (Starter, Intermediate or Advanced; Lite on $50,000) |
| Account sizes | $5K, $10K, $25K, $50K | $5K, $10K, $25K, $50K, $100K, $200K |
| Profit target | 10%, on closed positions | 10% (Starter) / 12% (Intermediate) / 9% (Advanced) / 6% (Lite) |
| Daily loss limit | 3% of the starting balance, from the higher of balance or equity at 00:00 CET | 3% of the balance at 00:30 UTC, checked against equity (Starter, Intermediate, Advanced); none on Lite |
| Maximum drawdown | 5% static, from the starting balance; after the first reward the floor moves up to the starting balance for good | 6% (Starter) / 5% (Intermediate) / 3% (Advanced), static from the starting balance; $1,500 trailing the highest closed balance on Lite |
| Max leverage | Up to 1:20 by market per its help center (gold 1:20, Nasdaq and S&P 500 1:12, BTC 1:10); its perps page lists gold at 10x, ETH at 8x, SOL at 5x and most other coins at 2x | 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% | 80%; 90% with an add-on bought at purchase for 20% of the plan price |
| Payouts | On demand: the first reward once the account is up 1% of its starting balance, each later one after it grows 2% of the remaining balance; up to $10,000 a reward; paid within 48 hours through Rise or in USDC | 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 $46 for a $5,000 account (list price; its page shows $39 with the code TRADE15 applied) | from $20 for a $5,000 account (Advanced) |
| Minimum days | None; one position must be closed every 7 days | None |
| Consistency rule | None | None |
| US traders | Yes (not on its restricted list) | Yes (crypto only for US clients; not offered in Canada or India) |
| Fee refund | Not stated for its perps accounts | No |
| News trading | Allowed in the challenge; funded: no new positions within 5 minutes of high-impact news | Allowed (its Prop page sets no restriction on trading strategy) |
| Weekend holding | Allowed; every market trades through the weekend | Allowed (margin funding of 0.033% a day applies; 0.013% a day on XYZ100 and SP500 on Lite) |
| Current offer | 20% off with NEW20 (+1 more) | None now |
| Rules checked | November 10, 2026 | November 10, 2026 |
For Traders: source 1source 2source 3source 4source 5source 6source 7source 8Kraken Prop: source 1source 2source 3source 4source 5source 6source 7source 8source 9
Prices at each account size
| Account | For Traders | Kraken Prop |
|---|---|---|
| Sizes both sell | ||
| $5K | $46$36.80 with NEW20, first purchase; $39.10 with TRADE15 afterFast | $20Advanced3 challenges at this size |
| $10K | $93$74.40 with NEW20, first purchase; $79.05 with TRADE15 afterFast | $40Advanced3 challenges at this size |
| $25K | $235$188 with NEW20, first purchase; $199.75 with TRADE15 afterFast | $95Advanced3 challenges at this size |
| $50K | $493$394.40 with NEW20, first purchase; $419.05 with TRADE15 afterFast | $139Lite4 challenges at this size |
| Sizes only one sells | ||
| $100K | Not sold | $330Advanced3 challenges at this size |
| $200K | Not sold | $660Advanced2 challenges at this size |
Every For Traders challengeEvery Kraken Prop challengeEvery firm's challenges
Current offers
- 20% offNEW20
20% off for new customers.
First purchase only
- 15% offTRADE15
15% off every plan.
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 29 days.
| Firm and program | Bitcoin cap | Daily limit | Move that uses it up | Days Bitcoin moved that far |
|---|---|---|---|---|
| For Traders · Fast | 10x | 3% | 0.3% | 29 of 29 |
| Kraken Prop · Starter, Intermediate and Advanced | 10x | 3% | 0.3% | 29 of 29 |
Recent rule changes
Program
Stopped selling its three crypto plans on MetaTrader 5 and TradeLocker (Fast, Fast PRO and Instant) and put 24/7 Perps in their place: one Fast challenge from $5,000 to $50,000 with a 10% target, a 3% daily limit, a 5% static maximum loss and an 80% split.
Payouts
Cut the largest single reward per 14-day cycle on Instant crypto accounts from $20,000 to $15,000.
Split
Stopped offering a 90% profit split on Fast crypto accounts, leaving a flat 80%.
Profit target
Dropped, for accounts bought from June 8, 2026, the rule that no single trade or trading idea could make more than 70% of the profit target.
Other
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.
Other
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)".
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