TL;DR
- Up to 10x leverage: Bitcoin, Nasdaq 100, and the S&P 500 all move to 10x, plus increases across many more markets.
- Half the margin, same position: a $1M Bitcoin position that used to need $200K in account margin now needs $100K.
- S&P 500 buying power doubles: its notional cap moves up alongside the leverage, from $1M to $2M, so buying power doubles at every account size.
- Nothing else changes: existing positions, open evals, profit splits, and payout terms are unaffected.
We’ve raised leverage across Kraken Prop, up to 10x on Bitcoin, Nasdaq 100, and the S&P 500, plus increases across many more markets. The same position takes less margin.
You provide trade signals only. You do not hold real positions. Any stated limits are simulated. Payouts are real, based on your simulated performance.
What’s new
Leverage is up across Kraken Prop. Here are the headline moves:
- Bitcoin: up to 10x leverage, $1M notional cap, up from 5x
- Nasdaq 100: up to 10x leverage, $1M notional cap, up from 5x
- S&P 500: up to 10x leverage, $2M notional cap; both the leverage and the cap double
- SOL: up to 5x leverage, $500K notional cap
- HYPE: up to 3x leverage, $200K notional cap
These five are the headline movers, with new limits live beyond them. The full market list shows max leverage for every pair, live at kraken.com/prop.
These limits are under ongoing review and subject to change.
Why it matters
The leverage number is what traders compare across prop firms, but the number that actually matters is buying power at the account size you trade. Most accounts sit well below the notional cap, so where the cap hasn’t moved, doubled leverage still lands as pure capital efficiency: the $1M Bitcoin position that used to require a $200K account is now reachable from $100K.
The S&P 500 goes a step further. Because its cap doubles alongside the leverage, buying power doubles at every account size, not only the smaller ones.
What’s not changing
This is a capital-efficiency upgrade, not a rules change. Unaffected:
- Existing positions: keep the leverage they were opened at until you close them
- Open evals: continue under their original terms
- Eval pricing: unchanged
- Drawdown rules: unchanged
- Profit split: still 80–90%
- Payouts: still typically processed within 24 hours
- No consistency rules, no time limits: unchanged
If you already have a Kraken Prop account or an eval in progress, nothing you’re doing today needs to change. The extra leverage is simply there when you want it.
Maximum drawdown limit applies. See full challenge rules.
Get started
Ready to put the new limits to work? Start a Kraken Prop evaluation, or log in if you’re already funded; the higher limits are live on your account too.
This is an unregulated service. This evaluation program is intentionally rigorous and designed to verify a trader’s risk-management skill and strategy discipline before any proprietary capital is allocated by Payward Oceanic Ltd. Most applicants do not pass on their first attempt and there is no guarantee that your performance will improve or that you will pass any future evaluations. Prospective traders should purchase an evaluation only if they are confident in their trading ability and knowingly accept the risk of not qualifying for a funded account. Evaluation fees are non-refundable for each attempt once trading begins, regardless of outcome.