Kraken Desktop Launches Multi-Account Trading for Prop Traders
Execute simultaneous trades across multiple Kraken Prop accounts using a single leader account interface.
1Unified Trading Interface Released
Kraken Desktop version 1.30.0 introduces multi-account trading specifically for Kraken Prop evaluation and funded accounts. Traders can now link multiple accounts to a single leader account, allowing for simultaneous order execution. This feature removes the manual burden of placing identical trades across various accounts while market conditions shift rapidly during active sessions.
2Leader and Follower Mechanism
The system operates by designating one account as the leader, while selected follower accounts mirror its activity. Every order, including entries, stop-losses, take-profits, and OTO orders, is replicated instantly. If a trader amends or cancels an order on the leader account, the corresponding actions are automatically applied to all active follower accounts.
3Flexible Position Sizing Options
Users can choose between two distinct sizing configurations when setting up their accounts. The exact option replicates the leader's quantity across all followers, while the proportional option scales positions based on the equity ratio of each follower account relative to the leader. These settings are saved locally on the user's specific computer.
4Risk Management and Drawdown Considerations
Because every account executes the same trade, losses are incurred across all linked accounts simultaneously. Traders must evaluate each follower account against its individual drawdown limit before enabling the feature. For instance, a fixed-size trade could represent a small percentage of a large account but exceed the risk threshold of a smaller account.
5Independent Account Rule Enforcement
Each Kraken Prop account maintains its own specific rules and constraints independently. If a follower account is unable to execute a trade due to its internal parameters, the system skips that specific account and logs the reason. This ensures that one restricted account does not prevent the execution of trades on others.
6Operational Scope and Limitations
This functionality is currently exclusive to the Kraken Desktop application and is not available on web or mobile platforms. It is strictly limited to Kraken Prop accounts and does not function as a general copy trading tool. Furthermore, using this feature for prop-to-prop hedging is explicitly prohibited under the service terms.
7Implementation and Setup Process
To begin, users must update to version 1.30.0 or later and possess at least two active Kraken Prop accounts. The configuration is accessed via the upper-right menu in the desktop application. Once the leader and followers are selected, the system automatically manages the trade lifecycle, including position closes and order adjustments.
8Proprietary Trading Program Context
Kraken Prop remains an unregulated service designed to assess risk-management skills before allocating proprietary capital. Most applicants do not pass initial evaluations, and fees are non-refundable once trading commences. This tool serves as an efficiency upgrade for traders already managing multiple accounts, rather than a guarantee of improved performance or success.
Original article: Kraken Blog — Kraken Desktop Launches Multi-Account Trading for Prop Traders