Kraken Funded vs Propr rules, prices and codes side by side

Where they differ

Cheapest challenge

Kraken Funded$20 ($1K Challenge)

Propr$25 ($5K Turbo 1-Step)

Daily loss limit

Kraken FundedNone

Propr3% to 5%

Maximum loss

Kraken Funded3% static

Propr3% to 8% static or trailing

Bitcoin leverage

Kraken Funded1:1

Propr10x

Account sizes

Kraken Funded$1K to $25K

Propr$5K to $200K

Sizes only this firm sells

Kraken Funded$1K

Propr$5K, $50K, $100K, $200K

Steps

Kraken Funded1-step

Propr1-step and 2-step

Challenges

Kraken Funded3

Propr24

Some trades on-chain

Kraken FundedNo

ProprYes

Founded

Kraken FundedJuly 2026

ProprFebruary 2026

Every rule, side by side

Rule	Kraken Funded	Propr
The firm
Country	British Virgin Islands	British Virgin Islands
Founded	July 2026	February 2026
Years in operation	Under 1	Under 1
Platforms	Kraken app	Propr Trading Terminal, Propr API
Trades on	The Kraken app (mobile only), in its Funded tab, on a simulated balance	Hyperliquid when Propr routes a trade (A-book); otherwise booked internally (B-book)
Markets	Spot crypto (50+ coins; not perps), plus stocks (a selection, in most countries outside the US)	Crypto, stock, index, commodity and FX
Some trades on-chain	No	Yes
Rules
Model	1-step challenge, one at a time	1-step evaluation (Classic, Turbo, Pro) or 2-step evaluation (Classic)
Account sizes	$1K, $10K, $25K	$5K, $10K, $25K, $50K, $100K, $200K
Profit target	12%	1-step: 10% (Classic) / 9% (Turbo) / 12% (Pro); 2-step: 5% step 1 / 10% step 2
Daily loss limit	None	3% (1-step) / 5% (2-step) of start-of-day balance, reset 00:00 UTC
Maximum drawdown	3% static below the starting balance, in the challenge and the funded account	1-step: 6% (Classic) / 3% (Turbo) / 5% (Pro), static; 2-step: 8% trailing from high-water mark, never above starting balance
Max leverage	1x: spot buys and sells in dollar amounts, with no added leverage	10x on BTC, ETH and SOL, 2x on other crypto, 4x on stocks, 10x on the S&P 500 and Nasdaq 100, 5x on other indices, 8x on gold, silver and oil, 5x on other commodities, 25x on FX, per its rulebook table, plan cards and asset list; a rules-page graphic and a homepage line still show 5x for BTC and ETH, and that homepage line puts equity perps at up to 10x
Profit split	80%	80%
Payouts	On request, as often as wanted, from $20 of profit; USD to the trader's Kraken account, typically within 24 hours; each withdrawal resets the funded balance to its start	On demand, no waiting period; $20 minimum; processed within 24 hours in USDC on-chain
Starting price	from $20 for a $1,000 account	from $25 for a $5,000 account (Turbo 1-Step)
Minimum days	None	None
Consistency rule	None	None
US traders	Yes (crypto only; not in Maine, Massachusetts or New York)	Yes (not on its restricted list)
Fee refund	No	No
News trading	Allowed (its FAQ: how you trade is up to you)	Allowed
Weekend holding	Allowed (crypto and stocks trade 24/7)	Allowed
Current offer	None now	None now
Rules checked	November 4, 2026	November 2, 2026

Kraken Funded: source 1source 2source 3source 4Propr: source 1source 2

Prices at each account size

Account	Kraken Funded	Propr
Sizes both sell
$10K	$90Challenge	$50Turbo 1-Step4 challenges at this size
$25K	$250Challenge	$125Turbo 1-Step4 challenges at this size
Sizes only one sells
$1K	$20Challenge	Not sold
$5K	Not sold	$25Turbo 1-Step4 challenges at this size
$50K	Not sold	$245Turbo 1-Step4 challenges at this size
$100K	Not sold	$450Turbo 1-Step4 challenges at this size
$200K	Not sold	$899Turbo 1-Step4 challenges at this size

Every Kraken Funded challengeEvery Propr challengeEvery firm's challenges

Current offers

Kraken Funded

No code seen in the last seven days.

Buy

Propr

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 29 days.

Firm and program	Bitcoin cap	Daily limit	Move that uses it up	Days Bitcoin moved that far
Propr · 1-step	10x	3%	0.3%	29 of 29
Propr · 2-step	10x	5%	0.5%	28 of 29

Kraken Funded states no single Bitcoin leverage cap.

Recent rule changes

Kraken Funded

1. Nov 4Account sizes

   Dropped the $5,000 challenge ($50) and added a $25,000 one at $250; $1,000 stays at $20 and $10,000 at $90.

   Firm's page

Propr

1. Oct 25Other

   Widened its hedging ban to opposing positions on correlated assets across Propr accounts (long ETH on one, short SOL on another) and to opposing positions at other prop firms.

   Firm's pageArchived Oct 6, 2026

2. Oct 25Account sizes

   Capped the evaluation accounts one trader may hold at $200,000 in total, beside the $300,000 cap on funded accounts.

   Firm's pageArchived Oct 6, 2026

3. Oct 6Kyc

   Stopped accepting a driver's license for identity checks; a passport or national ID is now required.

   Archived Sep 18, 2026Archived Oct 6, 2026

4. Sep 18Leverage

   Raised Bitcoin and Ether from 5x to 10x, gave SOL its own 10x cap (it had been under other crypto at 2x), and raised gold, silver and oil to 8x.

   Archived Jul 20, 2026Archived Sep 18, 2026

All 21 Propr changes

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