FundedNext vs Kraken Prop
FundedNext and Kraken Prop are not the same product at different prices. Below is every term each firm publishes, side by side, and the differences that decide which one suits a given trader.
The difference in two lines: Kraken Prop is $9.99 cheaper at the entry tier ($20 against $29.99 with code NOVSTR). FundedNext publishes the wider maximum drawdown at $25k (10% on Stellar 2-Step against 6% on Starter). Open Kraken Prop
| Term | FundedNext | Kraken Prop |
|---|---|---|
| Cheapest evaluation | $29.99 code NOVSTR | $20 |
| Size at that price | $5,000 | $5,000 |
| 25k fee | $199.99 | $95 |
| Profit split | 80%, up to 95% with add-ons | 80% (90% add-on) |
| Drawdown (25k) | 10% max static, 5% daily (Stellar 2-Step) | 3% fixed at a set level below your starting balance, 3% in a single day (Advanced) |
| Profit target (25k) | 8% then 5% (Stellar 2-Step) | 9% (Advanced) |
| KYC | Before activation | Before activation |
| Payout rail | USDT (ERC-20/TRC-20) / USDC (ERC-20) / RiseWorks / Bank transfer | USD to your Kraken wallet / USDG to your Kraken wallet |
| Payout speed | Within 24 hours, with a $1,000 penalty if late | Typically 12 hours, guaranteed within 24 |
| Leverage | Crypto 1:1, FX 1:30 | Up to 5x on crypto |
| Allocation ceiling | Up to $4M through scaling | $200,000 across all accounts |
| Instruments | CFDs on FX, indices, metals, energies, stocks and crypto | 60+ crypto pairs on perpetual-style contracts |
Each drawdown above is the rule of the plan its own $25k fee buys. The rest of the ladder at that size: FundedNext: Stellar Lite at $139.99 (8% of room) and Stellar 1-Step at $219.99 (6% of room); Kraken Prop: Intermediate at $150 (5% of room) and Starter at $215 (6% of room).
Which is cheaper, size by size
Kraken Prop is cheaper at 3 of the 6 sizes where both publish a price. Comparing the entry tier alone hides that: fee ladders do not scale at the same rate, so the cheaper start can become the dearer account.
| Account size | FundedNext | Kraken Prop | Cheaper |
|---|---|---|---|
| $5k | not sold | $20 | - |
| $10k | not sold | $40 | - |
| $25k | $199.99 | $95 | Kraken Prop |
| $50k | $299.99 | $180 | Kraken Prop |
| $100k | $549.99 | $330 | Kraken Prop |
| $200k | not sold | $660 | - |
What the fee buys, and what it takes back
The $104.99 gap is 1.1 cheap attempts at the FundedNext fee. The fee is also only the entry cost: at the headline split, FundedNext has to make $211 of profit before the attempt has paid for itself, and $106 at Kraken Prop.
| Measure | FundedNext | Kraken Prop |
|---|---|---|
| Fee for a $25k attempt | $199.99 | $95 |
| Fee per $1,000 of account | $8.00 | $3.80 |
| Profit needed to win the fee back at the headline split | $211 | $106 |
| Account destroyed on a bad day (drawdown in dollars) | $2,500 (10%) | $750 (3%) |
| Drawdown type | Static | Static |
Cost per $1,000, the break-even profit and the cost of 1% of drawdown are our arithmetic from each firm's published fee, split and limit; each drawdown figure is the firm's own percentage for the plan that fee buys, applied to a $25,000 balance.
The rule that ends most attempts
At $25k there is $1,750 more room at FundedNext ($2,500 against $750), which is 7.0 percentage points of the account.
Getting the money out
FundedNext pays USDT (ERC-20/TRC-20) / USDC (ERC-20) / RiseWorks / Bank transfer, Kraken Prop pays USD to your Kraken wallet / USDG to your Kraken wallet. Timing is not the same either: Within 24 hours, with a $1,000 penalty if late against Typically 12 hours, guaranteed within 24.
Worth checking against your own cash-flow: a fast rail that pays into an account you then have to move is not the same as one that lands where you spend it.
Where they actually differ
- FundedNext advertises the higher split ceiling (80%, up to 95% with add-ons).
- Payout rails are not the same: FundedNext pays USDT (ERC-20/TRC-20) / USDC (ERC-20) / RiseWorks / Bank transfer, Kraken Prop pays USD to your Kraken wallet / USDG to your Kraken wallet.
- the profit target at $25k runs 8% then 5% (Stellar 2-Step) at FundedNext against 9% (Advanced) at Kraken Prop.
- how far each one scales, FundedNext: Up to $4M through scaling; Kraken Prop: $200,000 across all accounts.
The decision rule
At $25k, if you routinely risk more than 6% of the account in a session, Kraken Prop is the one that ends the attempt, not FundedNext. If the first attempt is a test rather than a plan, Kraken Prop at $20 costs less to be wrong about.
Which one, and for whom
Choose FundedNext if Cost-conscious CFD traders who want crypto exposure alongside FX and indices.
Choose Kraken Prop if Kraken users who want a no-time-limit one-step evaluation on 60+ pairs without leaving the exchange.
Both reviews carry the specific terms and the source pages: FundedNext review and Kraken Prop review. If a figure here has changed since it was read, email research@cryptopropfirms.com and it will be re-checked against the firm's own page.