In the UK, access to crypto asset derivatives services are restricted to persons meeting the criteria for categorisation as a professional client. These services are provided by Payward Digital Solutions Limited, which is licensed by the Bermuda Monetary Authority (RN: 202403268) to conduct digital assets business in and from Bermuda. These services are not regulated or covered by investor protection measures in the UK. Access to these services is arranged by Crypto Facilities Limited, which is regulated and authorised by the Financial Conduct Authority (FRN: 757895) to make arrangements with a view to transactions in investments. For more information click here.
Communications regarding crypto asset derivatives services are directed at persons having professional experience in matters relating to investments, high net worth companies, or any other person to whom it may be lawfully directed under the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (together, “relevant persons”). Only relevant persons may rely or act upon such communications and engage in investment activity.
Trading on margin involves significant risk and may not be suitable for all investors. You could lose more than your initial investment. Spot margin trading products are offered by Payward Trading Ltd, incorporated in the British Virgin Islands (BVI). This content is for informational purposes only and does not constitute financial or investment advice. Product availability may vary by jurisdiction. Please ensure you fully understand the risks involved before trading. Past performance is not indicative of future results.
Kraken Prop is not regulated by the FCA. Kraken Prop provides a platform interface through which you can connect to an evaluation service. The evaluation is managed by Breakout Trading Group, LLC ("Breakout"). If you pass, you can choose to become an independent contractor and provide trade signals to Payward Oceanic Ltd. (BVI). Kraken acts solely as the platform interface — Kraken does not itself operate the evaluation, make execution decisions, hold funds, or guarantee any payout. If you pass the evaluation, you are providing trade signals to Payward Oceanic Ltd — you are not trading on your own behalf. Payward Oceanic exercises sole discretion over whether to act on your signals. Any payout is a discretionary performance fee, not a return on investment.
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 applicants should purchase an evaluation only if they are confident in their 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.
