Placing Orders on Your Prop Account

Placing orders on your Kraken Prop account works the same way as placing orders on Kraken Pro. The order form, order types, and trading interface are identical. The key difference is that your orders are placed against your Prop account balance, and your risk limits (Daily loss limit and Drawdown limit) apply.

Market - Executes immediately at the best available price.

Limit - Executes when the market reaches your specified price.

Stop Loss - Triggers a market order when the price hits your stop level.

Take Profit - Triggers a market order when the price reaches your target level.

Stop Loss Limit - Places a specified limit order once a price reaches your stop level.

Take Profit Limit - Places a specified limit order once a price reaches your trigger level.

All limit, stop loss, and take profit orders are Good 'Til Cancelled (GTC), meaning they stay active until they are filled or you manually cancel them.

The order form on your Prop account is the same as the standard Kraken Pro order form. For a detailed walkthrough of how to place, edit, and cancel orders, see the Kraken Pro support articles:

  • To cancel an order, find it in your Open Orders table and click the cancel button. You can also cancel all open orders at once.
  • To edit an order, cancel the existing order and submit a new one with your updated parameters.

Risk limits apply in real time. Every order and open position affects your Daily loss limit and Drawdown limit. Monitor these in the Portfolio widget before placing trades.

Fees reduce your balance. Commission fees are charged on every trade (open and close), and margin funding fees accrue on open positions. Both count against your risk limits.

All order types are available on both evaluation and funded accounts. There is no difference in order functionality between the two.

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