Kraken Prop: Gold and Oil Arrive, Commission Drops to 2 bps

Since October 29, 2026, Kraken Prop users can trade six commodities, gold, silver, WTI oil, Brent oil, copper and natural gas, 24 hours a day, according to Kraken’s blog. At the same time, the commission on all non-crypto markets drops from 4 to 2 basis points (0.02%) per side, including on ongoing evaluations and funded accounts. Cointribune converted this decrease into dollars with an example and recalls the rules that apply during the evaluation.

Which markets arrive on Kraken Prop?

Six commodities join the more than 60 crypto pairs on Kraken Prop, the funded trading program launched in May, as detailed by Cointribune during the arrival of Kraken Prop. Each market has its own maximum leverage and position cap, expressed in notional value, which is the total size of the position and not the amount invested, according to Kraken Prop’s dedicated page.

Market	Symbol	Maximum Leverage	Notional Cap
Gold	GOLD	5x	$500,000
Silver	SILVER	5x	$200,000
WTI Oil	CL	5x	$200,000
Brent Oil	BRENTOIL	5x	$200,000
Copper	COPPER	10x	$50,000
Natural Gas	NATGAS	3x	$50,000

Kraken specifies that these limits are continuously reviewed and may change. Prices come from an external source, and spreads between bid and ask prices may widen outside the opening hours of the original markets and on weekends. The new markets are open in all regions where Kraken Prop is offered, except the United Arab Emirates. Gold thus trades alongside bitcoin, two assets that our guide on the differences between gold and bitcoin compares point by point.

What does a 2 bps commission on a trade change?

One basis point (bp) equals 0.01%. A 2 bps commission “per side” is paid at the opening and then at the closing of the position, like a toll paid when you enter and exit the highway.

According to our calculations, on a $100,000 notional position in gold, the commission drops from $40 to $20 per side, or from $80 to $40 for a full round trip. The reduction applies to all non-crypto markets, including the S&P 500, but not to crypto pairs.

“If you already hold an evaluation or a funded account, the new rate applies.”

Kraken, official blog, October 29, 2026 (translation by editorial team)

Two important details matter for those who closely follow their limits. Commissions and the margin financing cost, of 0.033% per day charged every four hours, reduce the simulated account balance. They therefore count in the calculation of daily loss and maximum drawdown, according to Kraken’s FAQ. On the same $100,000 position, this financing represents about $33 per day, according to our calculations.

How does Kraken Prop evaluation work?

The evaluation is a simulated trading phase, with virtual funds. The trader pays fees, then must achieve a profit target without exceeding two limits: a maximum daily loss, set at 3% of the account, and a maximum drawdown, the total tolerated decrease from the start. There is no time limit.

• Fees: from $20 for a $5,000 account to $1,090 for a $200,000 account, depending on the chosen plan.
• Six funded account sizes: $5,000, $10,000, $25,000, $50,000, $100,000, and $200,000.
• Funded account: same risk limits, without a profit target.
• Sharing: 80% of eligible profits by default, 90% optionally, paid in USD or USDG on the Kraken account, usually within 24 hours.

Leverage changes the rules. On a $5,000 account, a $25,000 gold position (5x leverage) triggers the 3% daily loss limit after only a 0.6% price drop, according to our calculations. Choosing position size weighs as much as the market direction.

What risks should be known before starting?

Kraken states on its product page: most candidates do not pass the evaluation on their first attempt. Fees are non-refundable once trading has started, regardless of the outcome, and the service is not regulated. Some or all executions, including on funded accounts, may be simulated.

The Kraken page also mentions conflicts of interest: the financial interest of Payward Oceanic Ltd may conflict with that of the trader, and Breakout receives fees when candidates fail and then repurchase an evaluation.

The arrival of gold and oil on a platform born in crypto opens a new phase for Kraken Prop. The point to watch now is the evolution of leverages and caps, which Kraken says it continuously reviews, and the behavior of price spreads on weekends, when original markets are closed but Kraken Prop remains open. The place of gold compared to bitcoin remains debated among investors, as our guide on why bitcoin is not yet a safe haven reminds.

See commodities on Kraken Prop (evaluation fees non-refundable once trading has started). Kraken Prop is an interface providing access to an evaluation service managed by Breakout Trading Group, LLC, as well as a funded traders program managed by Payward Oceanic Ltd. All trading operations are simulated with virtual funds; no real transaction is executed. Participation neither guarantees success nor any profit. This service is not regulated. Evaluation fees apply and are non-refundable. Availability varies by jurisdiction. Terms and conditions apply.