Kraken Prop vs Propr 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
- Propr
British Virgin Islands · Founded February 2026
- From
- $25
- Challenges
- 24
- Accounts
- $5K to $200K
Kraken Prop
ProprWhere they differ
- Cheapest challenge
- Kraken Prop$20 ($5K Advanced)
- Propr$25 ($5K Turbo 1-Step)
- Daily loss limit
- Kraken Prop3%, or none on some
- Propr3% to 5%
- Maximum loss
- Kraken Prop3% to 6% static or trailing
- Propr3% to 8% static or trailing
- Steps
- Kraken Prop1-step
- Propr1-step and 2-step
- Challenges
- Kraken Prop18
- Propr24
- Some trades on-chain
- Kraken PropNo
- ProprYes
- Founded
- Kraken PropMay 2026
- ProprFebruary 2026
Every rule, side by side
| Rule | Kraken Prop | Propr |
|---|---|---|
| The firm | ||
| Country | British Virgin Islands | British Virgin Islands |
| Founded | May 2026 | February 2026 |
| Years in operation | Under 1 | Under 1 |
| Platforms | Kraken Pro | Propr Trading Terminal, Propr API |
| Trades on | Kraken Pro (web and mobile app), on a simulated Prop account | Hyperliquid when Propr routes a trade (A-book); otherwise booked internally (B-book) |
| Markets | Crypto, index and commodity | Crypto, stock, index, commodity and FX |
| Some trades on-chain | No | Yes |
| Rules | ||
| Model | 1-step evaluation (Starter, Intermediate or Advanced; Lite on $50,000) | 1-step evaluation (Classic, Turbo, Pro) or 2-step evaluation (Classic) |
| Account sizes | $5K, $10K, $25K, $50K, $100K, $200K | $5K, $10K, $25K, $50K, $100K, $200K |
| Profit target | 10% (Starter) / 12% (Intermediate) / 9% (Advanced) / 6% (Lite) | 1-step: 10% (Classic) / 9% (Turbo) / 12% (Pro); 2-step: 5% step 1 / 10% step 2 |
| Daily loss limit | 3% of the balance at 00:30 UTC, checked against equity (Starter, Intermediate, Advanced); none on Lite | 3% (1-step) / 5% (2-step) of start-of-day balance, reset 00:00 UTC |
| Maximum drawdown | 6% (Starter) / 5% (Intermediate) / 3% (Advanced), static from the starting balance; $1,500 trailing the highest closed balance on Lite | 1-step: 6% (Classic) / 3% (Turbo) / 5% (Pro), static; 2-step: 8% trailing from high-water mark, never above starting balance |
| 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) | 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%; 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 | On demand, no waiting period; $20 minimum; processed within 24 hours in USDC on-chain |
| Starting price | from $20 for a $5,000 account (Advanced) | from $25 for a $5,000 account (Turbo 1-Step) |
| Minimum days | None | None |
| Consistency rule | None | None |
| US traders | Yes (crypto only for US clients; not offered in Canada or India) | Yes (not on its restricted list) |
| Fee refund | No | No |
| News trading | Allowed (its Prop page sets no restriction on trading strategy) | Allowed |
| Weekend holding | Allowed (margin funding of 0.033% a day applies; 0.013% a day on XYZ100 and SP500 on Lite) | Allowed |
| Current offer | None now | None now |
| Rules checked | November 10, 2026 | November 2, 2026 |
Kraken Prop: source 1source 2source 3source 4source 5source 6source 7source 8source 9Propr: source 1source 2
Prices at each account size
| Account | Kraken Prop | Propr |
|---|---|---|
| Sizes both sell | ||
| $5K | $20Advanced3 challenges at this size | $25Turbo 1-Step4 challenges at this size |
| $10K | $40Advanced3 challenges at this size | $50Turbo 1-Step4 challenges at this size |
| $25K | $95Advanced3 challenges at this size | $125Turbo 1-Step4 challenges at this size |
| $50K | $139Lite4 challenges at this size | $245Turbo 1-Step4 challenges at this size |
| $100K | $330Advanced3 challenges at this size | $450Turbo 1-Step4 challenges at this size |
| $200K | $660Advanced2 challenges at this size | $899Turbo 1-Step4 challenges at this size |
Every Kraken Prop challengeEvery Propr 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 |
| Propr · 1-step | 10x | 3% | 0.3% | 30 of 30 |
| Propr · 2-step | 10x | 5% | 0.5% | 29 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)".
Other
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.
Account sizes
Capped the evaluation accounts one trader may hold at $200,000 in total, beside the $300,000 cap on funded accounts.
Kyc
Stopped accepting a driver's license for identity checks; a passport or national ID is now required.
Leverage
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.
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