Kraken Prop Lite: a $50,000 account for $139, with one loss limit
Kraken launches Prop Lite for index traders: 139 dollars for a simulated 50,000-dollar account, up to 40x leverage on the Nasdaq-100 and S&P 500, and only a 1,500-dollar trailing drawdown. There are 1,500 places.
Kraken has a new version of Kraken Prop: Prop Lite. For 139 dollars you get a simulated 50,000-dollar account for trading stock indices. There is one risk rule: your balance may never fall more than 1,500 dollars below its peak. Kraken is opening 1,500 places.
What you get for 139 dollars
There is no activation fee, no subscription, no consistency rule and no minimum number of trading days.
How is Lite different from regular Kraken Prop?
The regular Kraken Prop plans are for crypto, with up to 5x leverage, a daily loss limit and a static drawdown. A 50,000-dollar account costs 180 to 400 dollars there. Lite is cheaper for the same size but works differently: you trade indices instead of crypto, with eight times the leverage, and the loss limit moves up with your peak balance.
That last point matters. A trailing drawdown of 1,500 dollars is 3% of the starting balance. If you first make 2,000 dollars in profit, your floor is no longer 48,500 but 50,500 dollars. And with 40x leverage your balance moves fast: a 0.1% drop in the index on a 2-million-dollar position already costs 2,000 dollars.
What to know before you pay
- Not MiCA. Kraken Prop is offered by Payward Oceanic Ltd in the British Virgin Islands. Kraken itself calls it an unregulated service.
- Simulated. You do not hold real positions. The payouts are real, based on your simulated result.
- No refund. You do not get the 139 dollars back once you start trading, not even if you fail. Kraken itself writes that most candidates do not pass on their first attempt.
- Discount. Our code CRYPTOCODES gives 2% off, Lite included: 2.78 dollars on the 139-dollar evaluation.
The full terms are on our Kraken Prop Lite offer page. We compare the regular plans and Kraken Funded in Kraken Prop, Funded or Breakout.
Disclosure: the link to Kraken Prop Lite belongs to our partner programme with Kraken. If you buy an evaluation through that link, CryptoCode receives a commission; you do not pay more. Trading with leverage is risky; you can lose your entire stake.
Sources
Last checked on 29 September 2026.
- Kraken Prop Lite: kraken.com/pro/prop/lite
- Kraken Prop, regular plans and prices: kraken.com/pro/prop