Kraken Prop adds six commodities and halves non-crypto commission
Kraken Prop adds six commodities, including gold, oil and copper, trading 24/7, and halves commission on non-crypto markets to 2bps per side, existing accounts included.
Kraken Prop, Kraken's funded trading programme, now offers six commodity markets: gold, silver, WTI oil, Brent oil, copper and natural gas. At the same time, Kraken has halved the commission on every non-crypto market, from 4 basis points to 2 per side. Kraken announced both changes on its blog on October 29, 2026 and set them out to affiliates, including nReferral, the same day. Kraken's affiliate dashboard lists this promotion as running until October 29, 2030; Kraken has not said that the lower commission will end then.
The six markets
On every plan except Lite, gold (GOLD) allows up to 5x leverage with a $500,000 notional cap; silver (SILVER), WTI oil (CL) and Brent oil (BRENTOIL) up to 5x with $200,000 caps; copper (COPPER) up to 10x with a $50,000 cap; and natural gas (NATGAS) up to 3x with a $50,000 cap. On the Lite plan, all six allow up to 20x. Kraken says the notional cap is separate from the size of your funded account and that these limits are under review. The markets trade 24/7 with no expiry, no rollover and no need to close before a session ends, so positions can be held over the weekend. Prices come from an external oracle and can differ slightly from NYMEX, COMEX or other platforms, and spreads can widen outside the underlying markets' hours and at weekends.
What the commission cut saves
On all plans except Lite, commission on non-crypto markets falls to 2bps, or 0.02% of notional, each time you open or close a position. That covers the six commodities and the S&P 500 and XYZ100 index markets, and it applies to evaluations and funded accounts you already have, with no new purchase needed. Crypto markets and Lite plan commission are unchanged. Kraken's example: on a $100,000 position, commission is $20 to open and $20 to close instead of $40 each, so a round trip costs $40 instead of $80. Kraken's commodities page also lists margin funding of 0.033% a day, charged every four hours. Both commission and funding reduce your balance and count toward the maximum daily loss and drawdown limits.
What stays the same and conflicting figures
Kraken says the rules have not changed: funded accounts of up to $200,000, no consistency rules, no time limits, up to a 90% profit split and payouts to your Kraken account, typically within 24 hours. The commodity markets are available wherever Kraken Prop is offered except the UAE; Kraken Prop itself is not available in India or Canada. Kraken's pages do not fully agree. When we checked on November 7, 2026, the FAQ on the commodities page said up to 5x on all commodity markets, although its own table lists 10x for copper, and the page gave a maximum position of $500,000 per instrument, above most of the per-market caps. Check Instrument info in the Kraken Prop platform before you trade.
Risks and what nReferral earns
Commodities can move sharply at weekends and when the underlying markets reopen, and with 24/7 trading a position held over the weekend is still exposed to the daily loss limit. Kraken Prop is an unregulated service: positions are simulated and payouts are based on simulated performance. Kraken's disclosures say most applicants do not pass on their first attempt, that evaluation fees are non-refundable once trading begins, and that Breakout Trading Group LLC and Payward Oceanic Ltd. may have conflicts of interest with participants, including a financial interest opposite to a funded trader's once the balance reaches the maximum loss line. Entering the referral code 83yhwjdj at Kraken Prop checkout gives Kraken's 2% discount on the evaluation fee, and nReferral, as a Kraken affiliate, earns Kraken's standard 25% commission on each referred buyer's first evaluation fee.
Sources
KRAKEN REFERRAL CODE 2026
| Product | Trading Rebate |
|---|---|
| Spot Trading | 20% |
| Margin Trading | 20% |
| Futures | 20% |
| Tokenized Equity | 20% |
| PTL Trading | 20% |
| Prop, first purchase | 20% |
| Rollover | 20% |
| Options | 20% |
Available rewards are confirmed during registration.
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