Subject: What your first margin trade looks like
From: "Kraken" <[email-masked]>
To: [email-masked]
Date: Sat, 09 May 2026 22:06:22 +0000

Trading fee. Borrowing cost. Margin health.

Kraken Pro logo 
( https://link.kraken.com/f/a/2pa-fmX7NtKbMVEcf1XHUA~~/AAQRxRA~/XPzVtfz4RObtKdxfIidYaM-0sSmMb7a0m2D5WEmQ5HRwaHS_IAmu-zRdxL8OKNV9ZU_lBo37_oD5Nrp-8RMDel9qZy3Bt2SHBQb3ELplmfGY5TwTgU3S0bm-t2Wz7-0weClErtAMcxAZJft3AHl2zA~~ )

*****************************
Know what’s important upfront
*****************************

Make your first margin trade on your terms.

See what it costs  
( https://link.kraken.com/f/a/CwvZ2gS7-CTkVGtAZhC1RQ~~/AAQRxRA~/dpLxDqHGCHXG-O-2EFmvD4uB6EoxD4fvqXktrcXjUsaZtHYDM3cVrivhlXUaCH6c2o-1Zf7_2miaKdrafsEfEquSTV6p9KUtX0aEJ_0SwF7X_ocju9u49-Gy04Jp6TYwlcdnyOHt8LINYexgDVc1hQ~~ )
Nothing hidden. Ever. 
( https://link.kraken.com/f/a/a7sujGF_g-Rx50StbVwYFA~~/AAQRxRA~/dpLxDqHGCHXG-O-2EFmvD4uB6EoxD4fvqXktrcXjUsaZtHYDM3cVrivhlXUaCH6c7K7qKtWdxll3Bk8e3s9mCmNZBK2sLHZap8qcDY6-SYEX2Er6SVY7AdEstPpsAOySrQU2faTq4H3KUzMQr1sHSw~~ )
You've enabled margin. Here's what happens next.

Your first margin trade on Kraken Pro puts you in full control.
On any trade, you’ll see:

✅ Exact cost
Locked at entry, updated every 4 hours. No surprises.

✅ Liquidation price
Where your position auto-closes. Set a stop-loss above or below
it to manage your position and protect against liquidation.

✅ Margin health
The distance between your position and liquidation. It moves in
real time so you always know where you stand.

Nothing is hidden. Nothing changes after entry.

Start small, go bigger when you're ready, and adjust or exit at
any point.

Preview a trade  
( https://link.kraken.com/f/a/ahpXu8oa95SKYLbtNdWS3g~~/AAQRxRA~/dpLxDqHGCHXG-O-2EFmvD4uB6EoxD4fvqXktrcXjUsaZtHYDM3cVrivhlXUaCH6cbNZ3lzckVlAYUCmr7t7nSEEwH37GwLejlpPaTqOu9L6ha0Aiid5ynte20LWjokX8WsfMWRgAxbI434UoRYR9gQ~~ )
Sign in 
( https://link.kraken.com/f/a/gKUKS-DIAZCzqIRDak9x6Q~~/AAQRxRA~/XPzVtfz4RObtKdxfIidYaM-0sSmMb7a0m2D5WEmQ5HRwaHS_IAmu-zRdxL8OKNV90D5BjPMH5MD45QEaSy1EeoVnzuA-dkxOr-LCZ8-G1S2YhTBr_7c80zZLZ4kkQUC8Wxob7DghvyWcudO6lURPQw~~ ) •
Get support ( https://link.kraken.com/f/a/RXIJLniE3prCWLfbLxfUZw~~/AAQRxRA~/VMsvroCOxuuoVUR51Q7m6yQ5LCeoTBa0FZ1QctOs6HGvOI9XwW3jnlLJwIokofeoWgCp01AWB_SHf9be-xD2bs3GFyGIaZ20eGX8uvfpJqrsCTP4BXaLH3GkavChjjSqXWDlEZj8rmtbvMgUMmvgeQ~~ )

kraken.com ( https://link.kraken.com/f/a/PWnlTkyqTd9gWs4GlXop6w~~/AAQRxRA~/1_SzkHsxP6XhOx8TtU16vgcD6mKaz14FZR9CdbX24LYT8irBjVb0hKOTNpfycuwbrQT_4OqEaynfYBk6ZiZEPZ-bt8h73HuxOpqcuQ_gbYfCwqZW0qno7plIOc5_oiAt )  Kraken
on Facebook ( https://link.kraken.com/f/a/6xyLd0QxIB2GBJ6XB7lw1Q~~/AAQRxRA~/vuyDWUlVHvaVNXhnbi0ZU5Hi_19R2MLa0YpsWW8uhAizXCy5NpQzxxXjZM145D55OnGbhYNOr9lqmVCtAWHDq409bqKBCka8DDxwsHunFq45Wz-zA-bE-IPo1ZaGiC9Ar_mTOuM6eRlDfAEW_AXTQg~~ )  Kraken on X (
https://link.kraken.com/f/a/h2lOUdl4iUO-b2lnUIiong~~/AAQRxRA~/it67MYbq1dFchSt0t8hX2XI9Y5iNJBbhQksGFFa2j30j9_JIDA1xs3hpUJEvNKQUoKGqVGQJm68a32dGFQbloBFuQG6JIW91PWiZrqLqkSg~
) Kraken on Instagram 
( https://link.kraken.com/f/a/TML5Vw4qUO_sTF3zCgcgug~~/AAQRxRA~/_jEE9TldtvhAMhE-TR4Cf1dnJWiVQ47F_gJuxDZnOfK6LXmt4n1IWqSHl_JB7h1yVode-3RocAAXNqDWg5bKNugD8CJl8cnsU3sCuYI1bF-Jwg1AzrJyTleqd091QKVS7pbP9Qn482jRbb4jsWKplQ~~ )  Kraken on
LinkedIn 
( https://link.kraken.com/f/a/Ii8S5wl1qh0RbOdqf2hnYg~~/AAQRxRA~/kplwmtIyiCmcYjZiu-5waCC5Qn55h5t8PjzGKQUF2zzVd-9DH1BlvQryBiSLRHtdkSa_VPrEwkd6RBHrZo2X96s2HTLIcDtaXbajiwdO2wbhNFu_WiY59AjY2SDI1VytjC3xFSdfFrNNAtOG1sc0GA~~ )
Kraken on YouTube (
https://link.kraken.com/f/a/AWvUyVTiBUfrC84tz0Yotg~~/AAQRxRA~/ulWwPJfMI1dstCYN0EO4SL8UVcMs6EkGH_NhYB_NXVlDItT10NKPc-yFWUScgWKVMnNBeNpn2lCJGv52EWfqbsDEkGBVkFWz_mCHxjW6T2dZZ-PKUZx9MQAghjsTE9gPUqmtowImjhAoYMT1k7ltzA~~
)      Spot margin trading involves substantial risk and is not
suitable for everyone. Losses may exceed the initial investment,
and additional collateral may be required. While leverage can
increase potential returns, it also significantly increases risk.
Leverage available may vary by asset. Past performance is not
necessarily indicative of future results. Availability of spot
margin trading through Kraken Derivatives US is subject to
certain limitations and eligibility criteria. View Risk
Disclosure Statement 
( https://link.kraken.com/f/a/CpPm0aq7ozVINK6yHwcnkA~~/AAQRxRA~/klaIrT77Rq2dgPZkTRNEpiqRWe9HFZxiLwfu20tCZUFGlyEEuATvuUsAPVQmCK1g3qIUOIgoMxBmz6JaP9gCzto032n-s3L-RHbDShPKNg4c2t7FLVYfmlOdfcPE_3_eF3w5eZLYLsSZLLwzrTt4vfW7Oj7e-3aV0iMDO_5SXj0~ )
.

Spot margin trading is provided by NinjaTrader Clearing, LLC
d/b/a Kraken Derivatives US, a CFTC-registered Futures Commission
Merchant and NFA Member (NFA ID: 0309379), with financing
provided by Payward Accredited LLC. View Disclosures 
( https://link.kraken.com/f/a/jm6dH7Nt9H3igAyZfW0OJA~~/AAQRxRA~/ulWwPJfMI1dstCYN0EO4SMUsx58kfwAF_l7RdbDW1aJB2WxW2wP3QnSf9ZQy7Ne_Hs1B8gJ9SGwVVgMS_8SrLvAicoQLU3w_nnnfM9Eb_NCAZ0C77ENIKT7PJU7zgdkS0OUKfyXHcY4f0gdhPymWfQ~~ ).

Payward Logo ( https://link.kraken.com/f/a/Ga60Vq2dASrodLxpGtEw-A~~/AAQRxRA~/OUPCgfr9DAOEtE0EhUNzFtM8E2s_83sqTw2pXkf_1BqLNUdl1MCpwf54uVFEUFQkMm1eLr2Yr2_awGN3hs3cNRhBoex1r-2kyGm5tPL5A-nZoaQNDiBjqYhBQv50o6C1 )
 © Payward Interactive, Inc.
2026

 Terms of Service 
( https://link.kraken.com/f/a/lpGjHqnekNv6qgZjlAfgPw~~/AAQRxRA~/KsYOmbeBJvIxeQOhslNXkae3OaJa1t1HAqQL2ii6bVz9aWakBHpKti_YggJqM3XucuFtAZ7DkweNt7BJP98wBlU4K4sGStaFtaBcczT03tg5_dWO5yKOesA_ZadGQ94nRktj942mBAxptTObE-NG2w~~ ) • Disclosures 
( https://link.kraken.com/f/a/Gl_RLvicJYkEupD_6ec0Gg~~/AAQRxRA~/XPzVtfz4RObtKdxfIidYaHQxDIpX9sGEDoZT4z04TLlkfGU_ypGyLSznW_Q-uFfL-DjOJLIIV-II_JWAkAwomel15Whq88CDDtJogw0X_ZM7XIv7r9hF0BRmMC-OvW-mpnBeXg80NUQF-NI5EdRl9w~~ ) •
Privacy Notice 
( https://link.kraken.com/f/a/gNlG-yIMcZTl9A8_NSctNQ~~/AAQRxRA~/YuC16lY_HnMcAtWU9zoARYXGIePKAPCQiWHqaQVLWWjtK3nSletAfNjlH_THtNCMT9RKkZZAzFvv0TSYeSoSq4aGisQWKJla-k96FuLQ0PwbAWB-toTucYZnd-tcRGC10CsiPJ2Fz7QQD7NHoYviQw~~ ) •
Unsubscribe 
( https://link.kraken.com/f/a/mnyujGP_HtQbgSrOon1KGQ~~/AAQRxRA~/s9Yy20tD7MbuCJ8OZ_RZ4Dod-aSXBTPC_RCdcRNXGVEIAtZYy_2YiR__H_DHjWxxm7CYcqJtuUqv5Dobx6u6Drg1cj_ec6Gjt1frEJhke6efhmfgg0HY4P-zT_m8AoklP8-GFIESSJehnNHT8LZGKewpeqj4DMnUXshxxLOwEQs~ )