FundedNext vs Kraken Prop rules, prices and codes side by side

Prices updated Oct 26

FundedNext
United Arab Emirates · Founded March 2022
From
$32.99
Challenges
22
Accounts
$2K to $200K
Buy
Kraken Prop
British Virgin Islands · Founded May 2026
From
$20
Challenges
18
Accounts
$5K to $200K
Buy

Where they differ

Cheapest challenge: FundedNext$32.99 ($5K Stellar Lite); Kraken Prop$20 ($5K Advanced)
Daily loss limit: FundedNext3% to 5%, or none on some; Kraken Prop3%, or none on some
Maximum loss: FundedNext6% to 10% static or trailing; Kraken Prop3% to 6% static or trailing
Profit split: FundedNext70% to 80%; Kraken Prop80%
Bitcoin leverage: FundedNext1:1; Kraken Prop10x
Account sizes: FundedNext$2K to $200K; Kraken Prop$5K to $200K
Sizes only this firm sells: FundedNext$2K, $6K, $15K, $20K; Kraken PropNone
Steps: FundedNextInstant, 1-step and 2-step; Kraken Prop1-step
Challenges: FundedNext22; Kraken Prop18
Country: FundedNextUnited Arab Emirates; Kraken PropBritish Virgin Islands
Founded: FundedNextMarch 2022; Kraken PropMay 2026

Every rule, side by side

Rule	FundedNext	Kraken Prop
The firm
Country	United Arab Emirates	British Virgin Islands
Founded	March 2022	May 2026
Years in operation	4	Under 1
Platforms	MetaTrader 4, MetaTrader 5, cTrader, Match-Trader	Kraken Pro
Trades on	simulated CFD account	Kraken Pro (web and mobile app), on a simulated Prop account
Markets	Crypto CFDs, plus forex, index, commodity and stock CFDs	Crypto, index and commodity
Some trades on-chain	No	No
Rules
Model	Stellar 2-Step, Stellar Lite (2-step), Stellar 1-Step, or Stellar Instant (no evaluation)	1-step evaluation (Starter, Intermediate or Advanced; Lite on $50,000)
Account sizes	$2K, $5K, $6K, $10K, $15K, $20K, $25K, $50K, $100K, $200K	$5K, $10K, $25K, $50K, $100K, $200K
Profit target	8% then 5% (Stellar 2-Step); 10% (Stellar 1-Step); 8% then 4% (Stellar Lite); none on Stellar Instant	10% (Starter) / 12% (Intermediate) / 9% (Advanced) / 6% (Lite)
Daily loss limit	5% (Stellar 2-Step), 4% (Stellar Lite), 3% (Stellar 1-Step) of initial balance, on the day's closed and open results, resetting at 00:00 server time; none on Stellar Instant	3% of the balance at 00:30 UTC, checked against equity (Starter, Intermediate, Advanced); none on Lite
Maximum drawdown	10% (Stellar 2-Step), 6% (Stellar 1-Step), 8% (Stellar Lite), static; 6% trailing on Stellar Instant	6% (Starter) / 5% (Intermediate) / 3% (Advanced), static from the starting balance; $1,500 trailing the highest closed balance on Lite
Max leverage	1:1 on crypto on every Stellar model	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 Stellar 1-Step and the Standard structure, 90% after Scale-Up; 60% (3 Day) or 90% (On-Demand) when chosen at checkout on Stellar 2-Step and Lite; 70% on Stellar Instant, 80% from Tier 3; a Lifetime 95% add-on keeps 95% (not on Instant)	80%; 90% with an add-on bought at purchase for 20% of the plan price
Payouts	Standard: first after 21 days, then every 14 days (Stellar 2-Step); every 10 business days (Stellar Lite); every 5 business days (Stellar 1-Step); 3 Day (2-Step, Lite): every 3 days, with three profitable days of at least 1% per cycle; On-Demand (2-Step, Lite): on request after 2% growth under a 40% consistency rule; Stellar Instant: on demand at 5% growth, or every 14 days at 1%; paid in USDT, USDC, Confirmo, RiseWorks, bank transfer, card or an FNmarkets deposit	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 $32.99 for a $5,000 account (Stellar Lite)	from $20 for a $5,000 account (Advanced)
Minimum days	2 (1-Step, Lite); 5 (2-Step), per phase; none (Instant)	None
Consistency rule	40% with On-Demand payouts (2-Step, Lite); none otherwise	None
US traders	Yes (it accepts US traders for all Stellar accounts, on Match-Trader only)	Yes (crypto only for US clients; not offered in Canada or India)
Fee refund	With the first payout (2-Step); the third (1-Step, Lite); none (Instant)	No
News trading	Allowed; news-window profits count at 40% (funded, Instant)	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 9, 2026	November 10, 2026

FundedNext: source 1 source 2 source 3 source 4 source 5 source 6 source 7 source 8 source 9 source 10 source 11 source 12 source 13 source 14Kraken Prop: source 1 source 2 source 3 source 4 source 5 source 6 source 7 source 8 source 9

Prices at each account size

Account	FundedNext	Kraken Prop
Sizes both sell
$5K	$32.99Stellar Lite2 challenges at this size	$20Advanced3 challenges at this size
$10K	$59.99Stellar Lite2 challenges at this size	$40Advanced3 challenges at this size
$25K	$139.99Stellar Lite3 challenges at this size	$95Advanced3 challenges at this size
$50K	$229.99Stellar Lite3 challenges at this size	$139Lite4 challenges at this size
$100K	$399.99Stellar Lite3 challenges at this size	$330Advanced3 challenges at this size
$200K	$798.99Stellar Lite3 challenges at this size	$660Advanced2 challenges at this size
Sizes only one sells
$2K	$59.99Stellar Instant	Not sold
$6K	$59.99Stellar 2-Step2 challenges at this size	Not sold
$15K	$119.99Stellar 2-Step2 challenges at this size	Not sold
$20K	$599.99Stellar Instant	Not sold

Every FundedNext challenge Every Kraken Prop challenge Every firm's challenges

Current offers

FundedNext

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
FundedNext · Stellar Lite	1:1	4%	4%	2 of 30
Kraken Prop · Starter, Intermediate and Advanced	10x	3%	0.3%	30 of 30

Recent rule changes

FundedNext

Oct 12Other
Cut the minimum trading days on Stellar Lite from 5 to 2 per phase, on every payout structure, for accounts bought or reset from October 12, 2026; Lite accounts bought earlier keep 5.
Firm's page Firm's page
Sep 24Payouts
Added two payout structures chosen at checkout on Stellar 2-Step and Lite beside the Standard one (80%, first reward after 21 days, then every 14): 3 Day (60%, every 3 days after three profitable days of at least 1%) and On-Demand (90%, after 2% growth under a 40% consistency rule), and ended the paid stand-alone on-demand add-on.
Firm's page
Sep 8Markets
Added 20 stock CFDs, 14 US and 6 European, to every CFD account at 1:2 leverage.
Firm's page Archived Aug 7, 2026
Jul 3Other
Removed the Margin Rule from all Stellar funded accounts, new and existing.
Firm's page

All 10 FundedNext changes

Kraken Prop

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 page Archived Jul 12, 2026
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