Kraken Prop opens metals and energy at half price
Kraken is adding six new markets to its prop trading program with commissions halved for launch. The article Kraken Prop opens metals and energy at half price appeared first on Journal du Coin.
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Always listening to its users, Kraken is once again complying with their requests to expand its range of products. The platform thus adds six new markets to its prop trading offering, divided between metals and energy:
These assets complement the crypto pairs and stock indices (S&P 500 and XYZ100) already offered.
These markets have a concrete advantage: they operate 24/7, without expiry or rollover. A position opened on Friday can therefore remain in place throughout the weekend, while traditional commodity markets and certain futures prop firms close at a fixed time. The other side of the coin: spreads tend to widen on weekends and outside the opening hours of the original markets. The barrel never really sleeps, it dozes on Sunday...
Last point to keep in mind: the prices displayed at Kraken come from an external oracle. They may therefore deviate slightly from those practiced elsewhere.
To properly celebrate the launch of these new markets, Kraken is dividing its commission by 2 on each non-crypto market. This concerns the six commodities, but also the S&P 500 and XYZ100 indices which were already part of the offer. The rate goes from 4 to 2 basis points (bp) per side, or 0.02% of the position size at opening and the same at closing. On a $100,000 position, the round trip now costs $40 ($20 to open, $20 to close), up from $80.
And good news if you already have an assessment or funded account. The new rate applies automatically, with no redemption necessary.
The only exception: the “Lite” formula keeps its usual commission rate for all the markets offered.
The rules are not uniform for all markets. Each commodity has its maximum leverage and notional cap (maximum simulated position size). Here are the conditions announced by Kraken (excluding the “Lite” formula):
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- Journal du Coin6 Nov, 18:00
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