Kraken Prop vs Leveraged rules, prices and codes side by side
Prices updated
- Kraken Prop
British Virgin Islands · Founded May 2026
- From
- $20
- Challenges
- 18
- Accounts
- $5K to $200K
- Leveraged
Cyprus
- From
- $8.88
- Challenges
- 12
- Accounts
- $10K to $200K
Kraken Prop
LeveragedWhere they differ
- Cheapest challenge
- Kraken Prop$20 ($5K Advanced)
- Leveraged$8.88 ($10K Crypto Program)
- Daily loss limit
- Kraken Prop3%, or none on some
- Leveraged3%
- Maximum loss
- Kraken Prop3% to 6% static or trailing
- Leveraged6% trailing
- Bitcoin leverage
- Kraken Prop10x
- Leveraged3x
- Account sizes
- Kraken Prop$5K to $200K
- Leveraged$10K to $200K
- Sizes only this firm sells
- Kraken Prop$5K
- Leveraged$150K
- Challenges
- Kraken Prop18
- Leveraged12
- US traders
- Kraken PropYes
- LeveragedNo
- Country
- Kraken PropBritish Virgin Islands
- LeveragedCyprus
Every rule, side by side
| Rule | Kraken Prop | Leveraged |
|---|---|---|
| The firm | ||
| Country | British Virgin Islands | Cyprus |
| Founded | May 2026 | Not stated |
| Years in operation | Under 1 | Not stated |
| Platforms | Kraken Pro | MetaTrader 5, cTrader |
| Trades on | Kraken Pro (web and mobile app), on a simulated Prop account | MetaTrader 5 or cTrader (simulated evaluation) |
| Markets | Crypto, index and commodity | Crypto (100+ cryptocurrencies on the Crypto Program; not perps), forex (Turbo only), stocks (Turbo only) and metals (Turbo only) |
| Some trades on-chain | No | No |
| Rules | ||
| Model | 1-step evaluation (Starter, Intermediate or Advanced; Lite on $50,000) | 1-step evaluations mostly paid for after passing (Pay After You Pass): the Crypto Program or Turbo |
| Account sizes | $5K, $10K, $25K, $50K, $100K, $200K | $10K, $25K, $50K, $100K, $150K, $200K |
| Profit target | 10% (Starter) / 12% (Intermediate) / 9% (Advanced) / 6% (Lite) | 6% |
| Daily loss limit | 3% of the balance at 00:30 UTC, checked against equity (Starter, Intermediate, Advanced); none on Lite | 3%, from the higher of balance or equity at 23:00 GMT+3 |
| Maximum drawdown | 6% (Starter) / 5% (Intermediate) / 3% (Advanced), static from the starting balance; $1,500 trailing the highest closed balance on Lite | 6% trailing |
| Max leverage | 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) | 1:15 on the Crypto Program per its leverage FAQ (its product page shows 1:3); Turbo: 1:1 on crypto, 1:30 on forex |
| Profit split | 80%; 90% with an add-on bought at purchase for 20% of the plan price | 80% |
| Payouts | 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 | Every 14 days, after at least 3 profitable days of 0.5% or more and under a 20% consistency rule |
| Starting price | from $20 for a $5,000 account (Advanced) | $85 in total for a $10,000 Turbo account: $8.88 to start and a $76.12 activation fee after passing; the Crypto Program's $10,000 account is $89 ($8.88 and $80.12) |
| Minimum days | None | None to pass; 3 profitable days of 0.5%+ before a payout |
| Consistency rule | None | No day above 20% of profit (funded) |
| US traders | Yes (crypto only for US clients; not offered in Canada or India) | No (on its restricted list) |
| Fee refund | No | With the third payout, per its FAQ (its terms: refundable only within 14 days if untraded) |
| News trading | Allowed (its Prop page sets no restriction on trading strategy) | Not within 5 minutes of high-impact news |
| Weekend holding | Allowed (margin funding of 0.033% a day applies; 0.013% a day on XYZ100 and SP500 on Lite) | Allowed; no gap-exploit strategies, and no hedged weekend positions on Funded Turbo |
| Current offer | None now | None now |
| Rules checked | November 10, 2026 | November 3, 2026 |
Kraken Prop: source 1source 2source 3source 4source 5source 6source 7source 8source 9Leveraged: source 1source 2source 3source 4source 5source 6source 7source 8source 9source 10source 11source 12source 13source 14source 15
Prices at each account size
| Account | Kraken Prop | Leveraged |
|---|---|---|
| Sizes both sell | ||
| $10K | $40Advanced3 challenges at this size | $8.88+ $76.12 on passingTurbo2 challenges at this size |
| $25K | $95Advanced3 challenges at this size | $8.88+ $180.12 on passingTurbo2 challenges at this size |
| $50K | $139Lite4 challenges at this size | $8.88+ $340.12 on passingTurbo2 challenges at this size |
| $100K | $330Advanced3 challenges at this size | $8.88+ $540.12 on passingTurbo2 challenges at this size |
| $200K | $660Advanced2 challenges at this size | $1,089.12Turbo (1-step)2 challenges at this size |
| Sizes only one sells | ||
| $5K | $20Advanced3 challenges at this size | Not sold |
| $150K | Not sold | $8.88+ $816.12 on passingTurbo2 challenges at this size |
Every Kraken Prop challengeEvery Leveraged challengeEvery firm's challenges
Current offers
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 |
|---|---|---|---|---|
| Kraken Prop · Starter, Intermediate and Advanced | 10x | 3% | 0.3% | 30 of 30 |
| Leveraged · Crypto program | 3x | 3% | 1% | 19 of 30 |
Recent rule changes
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)".
Account sizes
Added a $200,000 Turbo (1-step) challenge at $1,089.12.
Program
Added the Crypto Program, a one-step Pay After You Pass evaluation on over 100 cryptocurrencies started for $8.88, with a 6% target, a 3% daily loss limit, a 6% trailing drawdown and an 80% split.
Account sizes
Added a $200,000 Turbo account at $8.88 to start and $1,089.12 after passing; Turbo had stopped at $150,000.
Platform
Launched MetaTrader 5, which its help center lists beside cTrader.
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