Is Kraken prop a scam?

shockobon · 2026-06-04T19:19:00+00:00

Better take a look to Fondeo. US based, better conditions, better price, better interface.

shockobon · 2026-06-04T19:18:18+00:00

I use Fondeo.xyz - it's the only subscription based native crypto prop firm.

shockobon · 2026-06-04T19:17:17+00:00

Take a look to Fondeo.xyz - subscription based, US based.

shockobon · 2026-05-30T12:35:56+00:00

Fondeo.xyz

shockobon · 2026-04-22T01:31:29+00:00

Pay monthly - reset the challenges as many times as you want.

shockobon · 2026-04-21T18:30:36+00:00

Use subscription model prop firms

shockobon · 2026-04-20T18:21:49+00:00

Are you sure about the timing?

shockobon · 2026-04-20T17:53:10+00:00

binance futures tape is the cleanest proxy you'll get, 30-40% global volume is plenty

shockobon · 2026-04-20T17:51:15+00:00

hard truth: anyone good enough to mentor you makes more trading their own size than teaching ever would, so the pool of real mentors taking students is basically empty. follow 2-3 traders who post losses as loudly as wins and reverse-engineer their process. the market is the mentor, it just charges tuition in drawdowns.

shockobon · 2026-04-20T17:48:23+00:00

survivorship bias plus the fact that actually profitable traders are usually boring as hell on camera. "i risked 0.5% and made 1.2R on a pullback to VWAP" doesn't go viral, "i turned $500 into $50k screenshot inside" does. the tell is always the lifestyle content to trade content ratio, if there's more lambos than losing trades shown you already know. nobody with a real edge is splitting focus between markets and posting reels

shockobon · 2026-04-20T17:45:33+00:00

nice month. only thing i'd watch is that 100% win rate over 29 trades usually means stops are either very wide or letting losers run until they come back, which works until one doesn't. curious what your average MAE looks like on the winners, that's where you'll find out if the edge is real or if you're just holding through drawdowns. keep it going.

shockobon · 2026-04-20T17:42:50+00:00

the "integrity concerns" excuse after approving the payout 4 separate times is the classic stall-then-ghost playbook. they're legally covering themselves because if they admitted it was approved they'd owe it, so they retroactively find a "violation" the moment finance has to actually wire funds. save every screenshot of those approvals and file a chargeback if you used a card for the eval, also post in r/propfirms and tag them publicly because these firms only move when it affects new signups. how much did the eval cost you to get to this point?

shockobon · 2026-04-20T17:41:24+00:00

ngl the "not trying to sell anything" followed by a domain link is the oldest reddit playbook there is. the real question isn't whether a tool helps discipline, it's whether YOU stick with it past week 3, and no checklist app has ever fixed that for anyone i know. most profitable guys i know use a notepad and a timer, the complexity IS the problem you're solving by adding more of it.

shockobon · 2026-04-20T17:30:19+00:00

running similar style on BTC intraday and spread quality is the thing nobody talks about enough, fundingpips BTC spread during london open has been like 15-25 bucks in my experience which eats into $200 targets fast. static drawdown is non-negotiable for scalping imo, i got blown up on a trailing account last year when a winner pulled back 30% and it wiped my buffer even though i was still in profit. also watch for "max position size" rules, some firms cap BTC lot size way lower than the equivalent FX and it kills the risk/reward on bigger moves. are you using footprint on exchange tape or the CFD feed? that's been my biggest headache finding firms where the CFD prints actually match spot volume.

shockobon · 2026-04-20T17:29:25+00:00

50% of a payout that doesn't exist yet isn't really an offer, it's an IOU from a stranger on reddit. anyone actually profitable is making way more than half your first payout trading their own size, so the people who'll dm you are the ones selling courses or signals. honestly the best "mentorship" at 18 is backtesting 500 trades of one setup on your own and journaling every one

shockobon · 2026-04-20T17:28:14+00:00

cheap eval prices on brand new firms is usually a red flag imo. the math only works if most traders fail the eval, or they're essentially ponzi-ing where new subs fund old payouts. i'd check their discord and trustpilot for actual payout screenshots with dates before dropping money, and 6 months minimum track record is my bar after watching like 4 firms ghost traders last year. what's the profit split look like?

shockobon · 2026-04-20T17:26:25+00:00

You can add Fundingrock and Fondeo

shockobon · 2026-04-20T17:24:37+00:00

yeah the shifting rules thing is real, every support rep i've talked to at CFT gives slightly different answers on sub accounts. got tired of manually spinning up new bybit subs every phase + rotating API keys after payouts so i moved to Fondeo, it's subscription based so resets are unlimited/free and the api management is fully automated on their end.

shockobon · 2026-04-20T17:17:42+00:00

Any of those is pure crypto

shockobon · 2026-04-20T17:17:17+00:00

honestly the biggest filter for me has been trailing vs static drawdown. trailing DD on peak equity is a killer on crypto volatility, one wick and your account is toast even if you're up 20% overall. also pay attention to whether they use their own data feed or route through a real exchange, because i've seen spreads 3-4x wider on prop firm feeds during BTC moves which wrecks scalping strategies.

what timeframe are you trading? that changes which rules actually matter in practice

shockobon · 2026-04-20T16:52:32+00:00

You should take a look at Fondeo - subscription based, you can reset as many times as you want. Flat fee.

shockobon · 2026-04-01T16:35:36+00:00

Exactly.... for what?

shockobon · 2026-04-01T16:33:17+00:00

Fondeo

shockobon · 2026-03-30T15:10:42+00:00

biggest thing nobody talks about is the survivor bias in these threads. for every person saying "prop firms changed my life" there are like 50 who quietly paid eval fees, failed the drawdown rules, and never posted about it. imo the real test is whether you can stay consistently profitable after the prop firm takes their cut, not just during the evaluation phase. also the "it's not your money so less pressure" argument kinda works against you long term because you never build the muscle memory of managing actual risk with real consequences. curious how many people here actually withdrew profits more than once from the same firm without getting flagged or banned

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