Find answers to the most common questions about Kraken Prop. If you can't find what you're looking for here, reach out to Kraken Support.
Kraken Prop is a proprietary trading program within Kraken Pro. You complete an evaluation to prove your trading skills, then receive a funded account where you keep up to 90% of the profits you earn.
Any Kraken user with at least basic verification (email and country) can purchase an evaluation. Identity verification on Kraken is required for funded accounts and for paying with your Kraken balance.
Kraken Prop is not available for users in AU, IN and the UK.
No. Basic verification (email and country) is enough to purchase an evaluation with a credit card. Full verification is only required when you upgrade to a funded account or want to pay with your Kraken balance.
Yes. Your Prop accounts work on both Kraken Pro web and the Kraken Pro mobile app. Your positions, orders, and balances sync across both.
No. You can take as long as you need to hit the profit target.
Yes, you may have more than one active evaluation account, up to a limit of $200,000 across all evaluation accounts.
All positions and pending orders are closed immediately, and the account is disabled. You'll receive a notification with the breach reason, timestamp, and equity at breach. You can purchase a new evaluation at any time after a breach.
Maximum Daily Loss (MDL) is the most your account can lose in a single trading day, it recalculates daily at 00:30 UTC based on your account balance. Maximum Drawdown (MDD) is the total loss limit for your entire account lifetime and does not reset.
Daily at 00:30 UTC, based on the prior day's ending balance.
$200,000 across all your active funded and evaluation accounts.
For example, you can have $150,000 in funded accounts, and $50,000 in evaluation accounts. At this point, you are at the limit for evaluation/funded capital.
Pass your evaluation by reaching the profit target without breaching the MDL or MDD. You'll then need to complete Kraken account verification, sign the Funded Trader Agreement, and pass a brief manual review.
Typically 12 to 24 hours after you've completed account verification and signed the Funded Trader Agreement.
The default is 80/20, you keep 80% of profits. You can upgrade to 90/10 at the time of evaluation purchase for an additional 20% of the base plan price.
$200,000 across all your active funded and evaluation accounts.
For example, you can have $150,000 in funded accounts, and $50,000 in evaluation accounts. At this point, you are at the limit for evaluation/funded capital.
Crypto contracts available on the Kraken Prop platform. The full list of available pairs is shown in the market selector within the trading terminal.
Market orders
Limit orders
Stop Loss orders
Stop Loss Limit orders
Take Profit orders
Take Profit Limit orders
All limit-type orders are Good 'Til Cancelled (GTC).
Yes, but margin funding fees apply, 0.033% per day, charged every 4 hours on open positions.
Commission of 4 basis points (0.04%) per side of every trade, plus margin funding fees on open positions. See Understanding Fees on Kraken Prop for detailed examples.
Yes. All fees reduce your account balance, which counts towards your maximum daily loss calculations and MDD/MDL equity limits.
From your funded Prop account in Kraken Pro, click "Request Payout" in the Portfolio page, and select your desired amount. You must have no open positions or orders, and your balance must equal your equity.
Payouts are transferred to your main Kraken Pro wallet as an internal ledger transfer. From there, you can withdraw to an external wallet or bank through Kraken's standard withdrawal process.
Typically under 12 hours, guaranteed within 24 hours.
Payouts are processed in USD or USDG to your Kraken wallet. You can then convert or withdraw from your Kraken balance as you normally would.
Credit card, Apple Pay, Google Pay (basic verification) and Kraken balance in USD (requires full account verification).
Common reasons: Your funded + evaluation capital is at the $200,000 maximum, or your account is restricted. See Why Can't I Purchase an Evaluation? for details on each scenario.
Please refer to the Refund and Chargeback presented during checkout, Refund & Cancellation support article, or contact Kraken Support for specific inquiries.
Your total funded and evaluation capital across all accounts is at the $200,000 cap. Close an existing funded or evaluation account to free up capacity.
Your account has been restricted from prop trading. Contact Kraken Support for assistance.
Your order would push your position in that market past the maximum notional limit. Reduce your order size and try again.
Make sure you're on a funded account (not an evaluation), you have no open positions or orders, and your balance equals your equity.
Your funded account is created with trading disabled until you complete verification, sign the Funded Trader Agreement, and pass manual review. Check your email for the DocuSign contract and complete verification if prompted. Allow up to 24 hours after completing both steps.
The account may have been breached or closed. Breached/closed accounts remain visible for 7 days and then are removed from the account switcher. Check your account status in the account list.
If your balance and equity differ, you have unrealized P&L from open positions. Close all positions for your balance and equity to converge.