TL;DR
- Multi-account trading is now available on Kraken Desktop for Kraken Prop evaluations and funded accounts.
- Trade once on your leader account, and Kraken Desktop places the same trade on every follower account you choose.
- Size each follower with the same quantity as the leader, or scale it to its equity proportional to the leader.
- Multi-account trading on Prop is included with Kraken Desktop at no additional cost.
The limit on how many prop accounts you run was never your strategy. And it required the work of placing the same trade again and again, account by account, while the market kept moving. You asked us to remove that work, so we built multi-account trading into Kraken Desktop.
How multi-account trading works
One Kraken Prop account leads, and the accounts you choose follow. You trade on the leader account as you normally would, from the order ticket or the chart. Orders are placed straight from Kraken Desktop, so every follower account gets the trade at once.
It works with evaluation and funded accounts, so you can run the same trade across both.
Get started
- Update to Kraken Desktop 1.30.0 or later.
- Make sure you have at least two active Kraken Prop accounts.
- Open the upper-right menu and select Multi-account trading.
- Choose your leader account, choose your follower accounts, and pick a sizing option.
Your settings are saved on the computer where you set them up.
Choose how each account is sized
You have two sizing options:
- Exact: every follower takes the same quantity as the leader.
- Proportional: every follower scales its position to its equity relative to the leader.
What follows the leader
Multi-account trading copies the whole order, not just the entry:
- Entries, stop-losses, take-profits, and OTO orders, with their legs intact
- Amends and cancels, so when you move or cancel an order on the leader, the matching orders on your follower accounts follow
- Position closes, so when you close a position on the leader, the matching follower positions close too
Size each follower against its own drawdown
Every account takes the same trade, so a losing trade loses on each one. Here is how the two sizing options play out.
Say you have a $100K leader account and a $25K follower, and you place a trade that loses $2,000.
- Exact: the follower takes the identical position and loses $2,000 too. That is 2% of the leader but 8% of the follower, so the smaller account may be near or past its drawdown limit.
- Proportional: the follower is 25% the size of the leader, so it takes 25% of the position and loses about $500. That is 2% of the account, the same hit the leader takes.
Before you turn on multi-account trading, check each follower against its own drawdown.
When an account can’t take a trade
Each account keeps its own rules. If an account can’t take a trade, Kraken Desktop skips it and shows you why in the trade activity log. No account holds up the others, so the rest still go through. If your leader account is breached, copying stops.
What multi-account trading is not
Multi-account trading works on your Kraken Prop accounts only. It is not copy trading and it never touches another trader’s account.
Every follower trades in the same direction as the leader by design. That also means it is not a hedging tool, and prop-to-prop hedging breaches the Kraken Prop terms of service.
For now, multi-account trading on Kraken Prop is available on Kraken Desktop only. It isn’t available on web or mobile yet.
Run more accounts, place one trade
If you already run more than one Kraken Prop account, open Kraken Desktop and try it today. If you’re ready to add another, you can buy an eval and put it to work. New to Kraken Desktop? Trade on Desktop and find multi-account trading in the upper-right menu.
Kraken Prop 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.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, or hold any cryptoasset or to engage in any specific trading strategy. Kraken makes no representation or warranty of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the crypto-asset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. See Legal Disclosures for each jurisdiction here.
