Kraken Prop vs Vest Markets 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
- Vest Markets
Panama
- From
- $15
- Challenges
- 72
- Accounts
- $5K to $50K
Kraken Prop
Vest MarketsWhere they differ
- Cheapest challenge
- Kraken Prop$20 ($5K Advanced)
- Vest Markets$15 ($5K 2-Step)
- Daily loss limit
- Kraken Prop3%, or none on some
- Vest Markets3% to 5%, or none on some
- Maximum loss
- Kraken Prop3% to 6% static or trailing
- Vest Markets4% to 6% static
- Profit split
- Kraken Prop80%
- Vest Markets80% to 95%
- Bitcoin leverage
- Kraken Prop10x
- Vest Markets25x
- Account sizes
- Kraken Prop$5K to $200K
- Vest Markets$5K to $50K
- Sizes only this firm sells
- Kraken Prop$100K, $200K
- Vest MarketsNone
- Steps
- Kraken Prop1-step
- Vest MarketsInstant, 1-step and 2-step
- Challenges
- Kraken Prop18
- Vest Markets72
- Country
- Kraken PropBritish Virgin Islands
- Vest MarketsPanama
Every rule, side by side
| Rule | Kraken Prop | Vest Markets |
|---|---|---|
| The firm | ||
| Country | British Virgin Islands | Panama |
| Founded | May 2026 | Not stated |
| Years in operation | Under 1 | Not stated |
| Platforms | Kraken Pro | Vest Markets web terminal |
| Trades on | Kraken Pro (web and mobile app), on a simulated Prop account | Vest Markets' own perps platform (next.vestmarkets.com), on a Funded Account beside the trader's own Primary Account; every account is simulated per its prop terms |
| Markets | Crypto, index and commodity | Stock, ETF, index, commodity, FX and crypto (BTC, ETH, SOL and HYPE only) |
| Some trades on-chain | No | No |
| Rules | ||
| Model | 1-step evaluation (Starter, Intermediate or Advanced; Lite on $50,000) | 1-step evaluation (target, drawdown, daily loss limit and split chosen at checkout) or 2-step evaluation; Instant Accounts with no evaluation also offered |
| Account sizes | $5K, $10K, $25K, $50K, $100K, $200K | $0.5K, $5K, $10K, $25K, $50K |
| Profit target | 10% (Starter) / 12% (Intermediate) / 9% (Advanced) / 6% (Lite) | 1-step: 5%, 10%, 15% or 20%, chosen at checkout (its docs list only 10% and 20%); 2-step: 10% phase 1 / 5% phase 2; Instant: none |
| Daily loss limit | 3% of the balance at 00:30 UTC, checked against equity (Starter, Intermediate, Advanced); none on Lite | 3%, 4%, 5% or none, chosen at checkout (1-step); 3% (2-step); none (Instant); reset at 20:00 New York time from balance plus reserved collateral, checked against equity |
| Maximum drawdown | 6% (Starter) / 5% (Intermediate) / 3% (Advanced), static from the starting balance; $1,500 trailing the highest closed balance on Lite | 6% static from starting capital, on equity (2-step, and 1-step by default; 7% or 8% chosen at checkout); on Instant, static and equal to the price paid: 2% on $500, 4% on $5,000 to $50,000 |
| 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) | 25x on BTC, 15x on ETH, 10x on SOL, 5x on HYPE; 75x on the S&P 500 (ES) and seven FX pairs (AUD, CAD, CHF, EUR, GBP, JPY, NZD); 50x on the Nasdaq 100, Russell 2000 and Dow; 25x on NVDA and gold (GC); 15x on silver; 10x on WTI crude, TSLA, MU, INTC, SNDK and SPCX; 5x on all other stocks, ETFs, platinum, copper, Brent and natural gas; XRP not tradeable funded (per its leverage table, 63 markets open to funded accounts on 2026-11-09) |
| Profit split | 80%; 90% with an add-on bought at purchase for 20% of the plan price | 70%, 80%, 90% or 95%, chosen at checkout (1-step; 80% by default, a higher split costs more); 80% (2-step); 95% (Instant) |
| 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, 24/7, with no cap on how often or how much; each claim credits the split to the trader's Vest Primary Account within 24 hours, withdrawable in USDC to a wallet; open positions may need closing first |
| Starting price | from $20 for a $5,000 account (Advanced) | from $15 for a $5,000 account (2-Step); 1-Step from $25 with a 20% target; Instant Accounts from $10 for $500 |
| Minimum days | None | None |
| Consistency rule | None | None |
| US traders | Yes (crypto only for US clients; not offered in Canada or India) | Yes (prop terms allow it; profit goes to a Vest exchange account, whose terms bar the US) |
| Fee refund | No | Only if unused: within 3 days of purchase, before any trade |
| 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; non-crypto markets lock from Friday evening to Sunday evening New York time |
| Current offer | None now | None now |
| Rules checked | November 10, 2026 | November 9, 2026 |
Kraken Prop: source 1source 2source 3source 4source 5source 6source 7source 8source 9Vest Markets: source 1source 2source 3source 4source 5source 6source 7source 8source 9source 10source 11source 12source 13source 14source 15
Prices at each account size
| Account | Kraken Prop | Vest Markets |
|---|---|---|
| Sizes both sell | ||
| $5K | $20Advanced3 challenges at this size | $152-Step18 challenges at this size |
| $10K | $40Advanced3 challenges at this size | $352-Step18 challenges at this size |
| $25K | $95Advanced3 challenges at this size | $902-Step18 challenges at this size |
| $50K | $139Lite4 challenges at this size | $1752-Step18 challenges at this size |
| Sizes only one sells | ||
| $100K | $330Advanced3 challenges at this size | Not sold |
| $200K | $660Advanced2 challenges at this size | Not sold |
Every Kraken Prop challengeEvery Vest Markets 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 |
Vest Markets states no single Bitcoin leverage cap.
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)".
Leverage
Raised funded-account leverage on seven FX pairs from 5x to 75x and on silver from 5x to 15x, and opened HYPE to funded accounts at 5x, where it had been barred.
Other
Shortened the refund window for an unused account from 28 days to 3 days after purchase in its prop terms, matching its refund policy.
Leverage
Listed gold (GC) at 25x on funded accounts in its leverage table, where silver, platinum and copper stay at 5x.
Account sizes
Added a $50,000 1-Step evaluation at $415, with a 10% goal, a 3% daily loss limit, a $3,000 maximum drawdown and an 80% split; its accounts had stopped at $25,000.
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