Kraken Prop Adds Commodity Signals With Lower Non-Crypto Commissions

TL;DR: Kraken Prop has added six commodity markets and reduced non-crypto commissions on most plans. Participants submit simulated trade signals; they do not own the underlying commodity positions. Kraken Prop has expanded its offering to include gold, silver, oil and other commodity markets, while reducing the commission applied to non-crypto activity on most plans. The October 29 announcement places the expansion within the company’s evaluation and performance-based payout service. The product’s structure deserves to be stated clearly at the outset. Kraken says participants provide trade signals and do not hold real positions; the stated trading limits are simulated. The change covers six commodity markets Kraken’s announcement lists gold, silver, WTI oil, Brent oil, copper and natural gas. On plans other than Lite, the non-crypto commission falls from four basis points to two basis points per side. Crypto-market commissions are unchanged. The company says the commodity offering is available where Kraken Prop operates, excluding the UAE. Plan-specific leverage and notional caps differ, so a maximum quoted for one tier should not be applied to every participant. The announcement a...