Kraken Prop vs Velotrade
Kraken Prop and Velotrade 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 $12 cheaper at the entry tier ($20 against $32 with code BOTS20). Velotrade publishes the wider maximum drawdown at $25k (10% on CLASSIC 2-Step against 6% on Starter). Open Kraken Prop
| Term | Kraken Prop | Velotrade |
|---|---|---|
| Cheapest evaluation | $20 | $32 code BOTS20 |
| Size at that price | $5,000 | $5,000 |
| 25k fee | $95 | $132 code BOTS20 |
| Profit split | 80% (90% add-on) | 80% (90% add-on) |
| Drawdown (25k) | 3% fixed at a set level below your starting balance, 3% in a single day (Advanced) | 3% static, 3% daily (PRO 1-Step) |
| Profit target (25k) | 9% (Advanced) | 10% (PRO 1-Step) |
| KYC | Before activation | Before activation |
| Payout rail | USD to your Kraken wallet / USDG to your Kraken wallet | USDC on Arbitrum / USDT on Arbitrum |
| Payout speed | Typically 12 hours, guaranteed within 24 | First payout 14 days after the first funded trade, then weekly |
| Leverage | Up to 5x on crypto | Crypto 1:10 BTC challenge (1:5 funded), 1:6 ETH/SOL |
| Allocation ceiling | $200,000 across all accounts | $200,000 |
| Instruments | 60+ crypto pairs on perpetual-style contracts | 234 instruments including 104 crypto |
Each drawdown above is the rule of the plan its own $25k fee buys. The rest of the ladder at that size: 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 | Kraken Prop | Velotrade | Cheaper |
|---|---|---|---|
| $5k | $20 | not sold | - |
| $10k | $40 | not sold | - |
| $25k | $95 | $132 code BOTS20 | Kraken Prop |
| $50k | $180 | $244 code BOTS20 | Kraken Prop |
| $100k | $330 | $446.40 code BOTS20 | Kraken Prop |
| $200k | $660 | not sold | - |
What the fee buys, and what it takes back
Spent on the other firm, that gap buys 0.4 further attempts. The fee is also only the entry cost: at the headline split, Kraken Prop has to make $106 of profit before the attempt has paid for itself, and $147 at Velotrade.
| Measure | Kraken Prop | Velotrade |
|---|---|---|
| Fee for a $25k attempt | $95 | $132 code BOTS20 |
| Fee per $1,000 of account | $3.80 | $5.28 |
| Profit needed to win the fee back at the headline split | $106 | $147 |
| Account destroyed on a bad day (drawdown in dollars) | $750 (3%) | $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.
Getting the money out
Kraken Prop pays USD to your Kraken wallet / USDG to your Kraken wallet, Velotrade pays USDC on Arbitrum / USDT on Arbitrum. Timing is not the same either: Typically 12 hours, guaranteed within 24 against First payout 14 days after the first funded trade, then weekly.
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
- Payout rails are not the same: Kraken Prop pays USD to your Kraken wallet / USDG to your Kraken wallet, Velotrade pays USDC on Arbitrum / USDT on Arbitrum.
- at $25k the target is 9% (Advanced) for Kraken Prop, 10% (PRO 1-Step) for Velotrade.
- markets listed, Kraken Prop: 60+ crypto pairs on perpetual-style contracts; Velotrade: 234 instruments including 104 crypto.
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 Velotrade. 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 Kraken Prop if Kraken users who want a no-time-limit one-step evaluation on 60+ pairs without leaving the exchange.
Choose Velotrade if Traders who want one static rule across crypto, FX and equities, paid in stablecoins.
Both reviews carry the specific terms and the source pages: Kraken Prop review and Velotrade 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.