Kraken Prop review: rules, prices and payouts
From $20
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Kraken Prop suits an experienced Kraken Pro trader who wants exchange-backed funded capital, no time limit and no consistency rule, with crypto and index perpetuals in one account. The trade-offs are non-refundable evaluation fees once trading begins, a tight 3% maximum drawdown on the cheapest Advanced plan, and a program launched in May 2026 with no long track record. Traders keep 80% by default and 90% with an upgrade, with payouts to a Kraken account typically processed within 24 hours, although the payout currency is not named on official pages. There is no Kraken Prop rating on Trustpilot at all, so the exchange-wide Kraken rating must not be read as a rating for this program, and leverage now runs to 10x on BTC, Nasdaq 100 and S&P 500.
Starter is a one-time fee of $400, so the months slider does not change it.
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Summary
Kraken Prop, launched on May 27, 2026 by the team behind the Kraken exchange and operated for capital allocation by Payward Oceanic Ltd, offers perpetual evaluations inside Kraken Pro, with simulated execution and live market pricing. Wallet sizes run from 5,000 to $200,000, with evaluation fees from $20 for an Advanced 5,000 account to $1,090 for an Intermediate 200,000 account. Plans target 9 to 12% with a 3% daily loss limit and a 3 to 6% static maximum drawdown. Traders keep 80% by default and 90% with an upgrade, with payouts typically processed within 24 hours.
Firm overview
Instruments and assets
Leverage
Commissions
Consistency
Firm rules
Challenges
| Program | Account | Price | Activation | Target | Max loss | Drawdown | Daily loss | True cost (1 mo) ↓ | |
|---|---|---|---|---|---|---|---|---|---|
| Starter | $5K | $45 once | $0 (Free) | $500 | $300 | Static | 3% | $45 | Get |
| Starter | $10K | $85 once | $0 (Free) | $1,000 | $600 | Static | 3% | $85 | Get |
| Starter | $25K | $215 once | $0 (Free) | $2,500 | $1,500 | Static | 3% | $215 | Get |
| Starter | $50K | $400 once | $0 (Free) | $5,000 | $3,000 | Static | 3% | $400 | Get |
| Starter | $100K | $800 once | $0 (Free) | $10,000 | $6,000 | Static | 3% | $800 | Get |
| Intermediate | $5K | $33 once | $0 (Free) | $600 | $250 | Static | 3% | $33 | Get |
| Intermediate | $10K | $65 once | $0 (Free) | $1,200 | $500 | Static | 3% | $65 | Get |
| Intermediate | $25K | $150 once | $0 (Free) | $3,000 | $1,250 | Static | 3% | $150 | Get |
| Intermediate | $50K | $280 once | $0 (Free) | $6,000 | $2,500 | Static | 3% | $280 | Get |
| Intermediate | $100K | $545 once | $0 (Free) | $12,000 | $5,000 | Static | 3% | $545 | Get |
| Intermediate | $200K | $1,090 once | $0 (Free) | $24,000 | $10,000 | Static | 3% | $1,090 | Get |
| Advanced | $5K | $20 once | $0 (Free) | $450 | $150 | Static | 3% | $20 | Get |
| Advanced | $10K | $40 once | $0 (Free) | $900 | $300 | Static | 3% | $40 | Get |
| Advanced | $25K | $95 once | $0 (Free) | $2,250 | $750 | Static | 3% | $95 | Get |
| Advanced | $50K | $180 once | $0 (Free) | $4,500 | $1,500 | Static | 3% | $180 | Get |
| Advanced | $100K | $330 once | $0 (Free) | $9,000 | $3,000 | Static | 3% | $330 | Get |
| Advanced | $200K | $660 once | $0 (Free) | $18,000 | $6,000 | Static | 3% | $660 | Get |
Payouts
Restricted countries
Listing-page data only. No official Prop restricted list was found. The listing-page restricted list truncates (US states cut off) and is not completed here. The US state list below is carried from the earlier listing-page fetch, and whether those states are fully restricted or limited still needs confirmation.
Fully restricted (21):
Limited (2).
Announcements
FAQ
Reddit corner
Public Reddit threads about this firm — titles and short paraphrased themes, not full posts.
- My first payout with a Kraken Funded Account.
A trader shares a first payout from a $10,000 funded account after blowing several earlier accounts. Replies are mostly congratulations.
- How has everyone been fairing with Kraken Funded?
Mixed replies. One user qualified on the $20 plan and cashed out in under 24 hours. Others say the strict drawdown rules make most people fail.
- Is Kraken prop a scam?
Asker worries about the $20 entry fee. Commenters say it is a normal prop model and that the 3% daily loss limit makes passing hard.
- Kraken Funded Challenge -- 12% Sell Penalty??!
Poster says selling a winning position appears to erase most of the gain and asks for clearer rules and pricing. Others report the same confusion and one says support answers were unclear.
- Opinions on the Kraken-branded prop program
Asker is weighing the cheapest plan. One commenter failed an evaluation and blames themselves; another expects fewer payout problems than at smaller firms but has no direct experience.
- Kraken has a prop firm now
Launch-time thread. A commenter says the exchange acquired an existing prop firm, that the earlier platform had decent pairs, and that the new interface matches the exchange's trading screen.
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Is Kraken Prop legit?
Kraken Prop is documented by Kraken as a trading evaluation program inside Kraken Pro, with funded-account payouts to the main Kraken wallet. Its default trader share is 80%, with a paid 90% upgrade. Kraken exchange reviews are not a prop-program track record. Evaluate the prop agreement separately rather than infer its protections from the exchange brand.
- Founded
- The program launch date is not confirmed by the official sources cited here.
- Trustpilot
- No dedicated Kraken Prop Trustpilot rating was verified. Exchange ratings are not used to assess the prop program.
- Payouts
- The default split is 80/20; upgrading to 90/10 costs an additional 20% of the base evaluation price. Payouts require no open positions or orders. Reviews are typically under 12 hours and promised within 24 hours, with USD or USDG sent to the Kraken wallet. A fixed minimum is not confirmed in the FAQ.
- Watch out for
- The published trading commission is 0.04% per side plus funding on open positions. Fees reduce balance and count toward loss limits. Exchange wallet withdrawal is a separate step after the prop payout.
- Our take
- We would compare the prop-specific fees and loss rules, not assume exchange reviews establish prop payout reliability.
Updated 2026-10-26
Kraken Prop price history and rule changes
From our weekly snapshots of the firm's own site.
Cheapest $5K plan, list price
No plan changes since we started tracking.