Kraken Prop review
Trade with Kraken's capital, up to $200,000
The story
Kraken acquired the prop platform Breakout in September 2025 and brought prop trading to Kraken Pro on 27 May 2026 under the name Kraken Prop. You pay once for an evaluation, trade a simulated balance and have to reach a profit target of 9 to 12% without hitting a loss limit. If you do, you get a funded account of up to $200,000 and share the profit with Kraken. The service runs through Payward Oceanic Ltd in the British Virgin Islands and falls outside Kraken's European MiCA authorisation.
What they stand for
- Evaluation from $20; capital from $5,000 to $200,000
- Profit share 80%, or 90% for a 20% surcharge
- Payward Oceanic Ltd (BVI), outside MiCA
According to Kraken, most candidates do not pass on their first attempt, and the evaluation fee is not refunded once you start trading.
Products & services
Security & trust
- Offered by Payward Oceanic Ltd in the British Virgin Islands
- Kraken itself calls it an unregulated service; MiCA does not apply here
- The evaluation is simulated; the fee is not refunded once you start trading
- Payouts in USD or USDG to your Kraken account, usually within 12 hours
Where it falls short
- According to Kraken, most candidates do not pass on their first attempt. The evaluation fee is not refunded once you start trading, whatever the outcome.
- No MiCA protection: Kraken calls it an unregulated service of Payward Oceanic Ltd in the British Virgin Islands.
- If you hit a loss limit, Kraken closes all your positions at once and the account is deactivated. Trying again costs a new evaluation.
2% off every evaluation
Ongoing offer — no fixed end date.
How this offer works
Four steps. You know upfront what happens and who does what.
- 1
You go to Kraken Prop
The button below opens Kraken Prop in a new tab. It's an affiliate link: we receive a fee if you buy something there. It costs you nothing extra and changes nothing about the price or the terms.
- 2
Choose your product and order
You pay at Kraken Prop itself. An account or identity check is only needed if Kraken Prop asks for one when you order.
- 3
Enter the code
Enter CRYPTOCODES at checkout, in the field for a discount or promo code. If the discount doesn't show in the total, don't pay yet.
- 4
Discount and delivery
Kraken Prop applies the discount and delivers the order, not Cryptocodes. If something isn't right, contact Kraken Prop; we have no access to your order.
Affiliate link · Investing in crypto carries risk
Frequently asked questions about Kraken Prop
Is Kraken Prop trustworthy?
Unregulated service — falls outside Kraken's MiCA authorisation. What we have verified about Kraken Prop is on this page, downsides included.
Which country is Kraken Prop from?
Kraken Prop has been around since 2026. Based in: British Virgin Islands (Payward Oceanic Ltd).
What does Kraken Prop cost?
One-off evaluation fee of 20 to 1,090 US dollars, depending on plan and capital; when trading, 0.04% commission per side plus funding costs. Discount with code CRYPTOCODES.
Does Kraken Prop have a discount code or welcome bonus?
Yes: 2% off every evaluation. The code is CRYPTOCODES. The terms are on our offer page.
View the offer →What are the downsides of Kraken Prop?
According to Kraken, most candidates do not pass on their first attempt. The evaluation fee is not refunded once you start trading, whatever the outcome. No MiCA protection: Kraken calls it an unregulated service of Payward Oceanic Ltd in the British Virgin Islands. If you hit a loss limit, Kraken closes all your positions at once and the account is deactivated. Trying again costs a new evaluation.