Kraken Prop offers funded accounts after a paid evaluation

Kraken Prop is not the same as opening a normal margin position with your own capital. It is a proprietary trading program inside Kraken Pro. You buy an evaluation, trade a simulated account, and try to hit a profit target without breaking the risk rules. If you pass, you may move to a funded account and keep a share of the profits. Kraken Prop support guide

The appeal is obvious. A trader can attempt to access funded capital without depositing the full trading balance. Kraken lists account sizes from $5,000 to $200,000, with trading handled inside Kraken Pro rather than on a separate prop firm platform. For someone who already likes Kraken Pro’s interface, that is cleaner than juggling another login and another charting setup.

The evaluation is the filter. You pay for the plan, then trade in a simulated environment. You need to reach the plan’s target and stay above the maximum daily loss and maximum drawdown limits. Kraken says the maximum daily loss is 3% across plans, while profit targets, drawdown limits and fees depend on the plan shown at purchase. There is no time limit, which is useful, but it does not make the test easy. Kraken Prop plans and pricing

If the evaluation is passed, the usual profit split is 80/20 in the trader’s favor. Kraken also shows an optional 90/10 upgrade that has to be purchased at the evaluation stage. That detail matters: if you wait until after passing, you cannot simply add it later.

The part worth slowing down for is risk. Evaluation fees are non-refundable once trading begins. Most traders should assume they might fail, especially if they have not traded under fixed loss limits before. Funded accounts also come with their own agreement, review process and rules. This is not a bank product, not a savings product and not a guaranteed income stream.

My honest read: Kraken Prop is interesting for traders who already have a tested strategy and want a structured way to trade larger nominal capital. It is probably a bad fit for someone who sees the $200,000 figure first and the risk rules second. The fee buys an attempt, not a funded account. Read the plan screen, check the loss limits, and only buy an evaluation if you would still be comfortable losing that evaluation fee.