Kraken Funded: Access Trading Capital Without a Large Deposit
Access to capital has traditionally limited an individual's potential for wealth growth. However, Kraken Funded is designed to change that by providing eligible customers with a new way to access larger amounts of trading capital.
To participate in the program, customers pay a one-time entry fee and complete a skill-based challenge in a simulated environment. The challenge requires participants to reach a profit target of 12% before losing more than 5%. There are three tiers available, with corresponding price points: $20 for access to $1,000, $50 for access to $5,000, and $90 for access to $10,000.
Customers who successfully complete the challenge gain access to a funded account backed by Kraken's capital. From there, they can trade across 50+ cryptoassets and select stocks from the Kraken app. The program offers no trading fees on the funded account, with customers keeping 80% of their profits.
Kraken Funded is available today for eligible customers in over 150 countries, including the US and EEA. However, it's essential to note that this service is not regulated by any EU/US authority and carries inherent risks. Participants should be confident in their trading ability before attempting the challenge.