Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

Compare Brokers For Trading Palladium

For our palladium comparison, we found 10 brokers that are suitable and accept traders from United States of America.

We found 10 broker accounts (out of 147) that are suitable for Palladium.

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Forex.com

Spreads From

EURUSD 1.0 points See all spreads

What can you trade?

  • Forex
  • Cryptocurrencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About Forex.com

  • Regulated by: Financial Conduct Authority.
  • Established in 1999 HQ in United States.

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

Open a demo account

See Deal

70% of retail investor accounts lose money when trading CFDs with this provider

Read our in-depth Forex.com review

IG

Spreads From

EURUSD 0.6 points See all spreads

What can you trade?

  • Forex
  • Cryptocurrencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About IG

  • Regulated by: Financial Conduct Authority and ASIC.
  • Used by 195,000+ traders.
  • Established in 1974 HQ in UK.

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

Open a demo account

See Deal

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Read our in-depth IG review

Account type
EUR/USD Spread From
Commission
Execution
Min. Deposit
CFD
0.6
Fixed Spreads
Yes on share CFDs
STP
$250
Spread Betting
0.6
Fixed Spreads
None
STP
$250
Share Dealing
None
Fixed Spreads
£5
DMA
$250

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The Ultimate Guide to

Trading Palladium Online

Palladium is a rare, shiny metal that is resistant to corrosion. It belongs to the Platinum Group of Metals (PGMs) which also includes iridium and rhodium, and is the least dense of metals within this group. Often confused with the more expensive platinum, it is actually slightly darker in colour and is found as a pure metal, or often alloyed with other metals, such as gold and platinum. Palladium is not usually as valuable as gold, but is 30 times more rare.

Palladium Key Facts and History

  • The element, Palladium, was first discovered when it was extracted from platinum by William Hyde Wollaston in 1803.

  • It was named after an asteroid, Pallas, which was discovered around the same time. The origin of the name is derived from the Greek goddess of wisdom.

  • Palladium is a suitable metal for jewellery, and dental products such as crowns, however its primary use is currently as a component within catalytic converters in cars. Almost two thirds are used for this purpose. It is also used to create ceramic capacitors that are found in computing devices, and within fuel cells that provide electricity from fuel.

  • It is possible to find palladium uncombined, but it is more likely that it will be found within sulphide minerals or combined with other metals, such as copper and zinc.

Modern Day Statistics for Palladium

The Top Palladium Producing Countries in the World 2016 (statista)

Country – Metric Tonnes

Russia – 82

South Africa – 73

Canada – 23

United States – 13.2

Zimbabwe – 10

Other Countries – 6.6

Factors that Influence the Palladium Market

Palladium is bought and sold as a commodity and can be traded on a variety of markets. Precious metal markets can be quite volatile, as there are many factors that influence price changes in these markets. Some of these are listed below:

  • Demand: The overall demand of the metal, either in its raw or physical form or through derivative financial products.

  • Mine production: Changes in national production can also affect the supply of palladium and therefore the price.

  • Uses. As the majority of palladium is currently used within catalytic converters and as new cars are now being manufactured with electronic fuel injection systems, they do not require catalytic converters, which will cause the demand for palladium to drop. Any usage changes such as this has the potential to dramatically affect market prices.

How is Palladium Traded

There are many methods available for trading palladium.

CME Group palladium futures and options are listed on NYMEX in New York under the ticker symbol of PA for futures and PAO for options. They are electronically traded on CME Globex. A contract size is 100 troy ounces, and contracts are traded all months with the last trading day being the third to last business day of the month.

Other exchanges include the Tokyo Commodity Exchange, and the London Metal Exchange, the latter of which works with the London Platinum and Palladium Market to deliver prices available for trading on their electronic platform. The London Platinum and Palladium market is mainly for spot delivery, rather than trading futures and options contracts.

Physical ownership of the metal is another way to be involved in palladium markets, and this is held in the form of bars and coins.

Alternatively, traders could choose to own shares in palladium mining companies. It should be noted that many of the mining companies do not exclusively mine for palladium, so there are other factors impacting the price of these shares.

Palladium ETFs (exchange traded funds) are another way to gain access to palladium markets. An example is the iShares Physical Palladium ETC, which tracks the spot price of palladium and exposes the trader purely to this market. The advantage of trading ETFs is their liquidity and the ease at which they can be traded.

Another convenient route for traders are contracts for difference (CFDs). These can be based on the price of futures, for example the Palladium CFD offered by regulated broker, Plus500, which tracks the price of the CME future (PA) and offers clients leverage of 1:152. With a minimum contract size of 100 contracts, the minimum margin required to open a long position at the buy rate of 941.42, would be $621.55.

Palladium - IG - CFD

Palladium – IG – CFD

Another example is the IG CFD, which is based on the NYMEX traded palladium futures contract. A minimum contract size of 1 is required for this, with the value of one pip at $100. The minimum margin required is 3.5%, therefore, in order to have open a long position in the palladium SEP-17 CFD, the minimum margin requirement is (941.70*1*100*3.5% =$3295.95). Note – live price taken from IG 30th August 2017.

Conclusion

As with most precious metal trading, palladium markets can be highly volatile. Although often neglected by traders who opt instead for platinum or gold, due to its unique qualities and uses, coupled with the fact that it is cheaper than platinum, it is a metal that should continue to be of significant interest to those who understand the market.

Why Choose Forex.com
For Palladium?

Forex.com scored best in our review of the top brokers for palladium, which takes into account 120+ factors across eight categories. Here are some areas where Forex.com scored highly in:

  • 19+ years in business
  • Offers 300+ instruments
  • A range of platform inc. MT4, Web Trader, NinjaTrader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 1.00pips
  • Used by 0+ traders.
  • Offers demo account
  • 1 languages

Forex.com offers one way to tradeForex. If you wanted to trade PALLADIUM

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

Forex.com have a AAA trust score. This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being segregating client funds, being established for over 19

Trust Score comparison

Forex.com IG
Trust Score AAA AAA
Established in 1999 1974
Regulated by Financial Conduct Authority Financial Conduct Authority and ASIC
Uses tier 1 banks
Company Type Private
Segregates client funds

A Comparison of Forex.com vs. IG


Want to see how Forex.com stacks up against IG? We’ve compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Forex.com IG
Fixed Spreads
Variable Spreads
EUR/USD Spread 1.00 0.60
GBP/USD Spread 0.9 0.9
DAX Spread 250.0 1.0
FTSE 100 Spread 150.0 1.0
S&P500 Spread 50.0 0.4

Comparison of account & trading features

Forex.com IG
Platform MT4, Web Trader, NinjaTrader, Tablet & Mobile apps MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps
Services Forex Forex, CFDs, Spread Betting, Share dealing
Base currency options USD, GBP, EUR USD, GBP, EUR, CHF, JPY, SGD, AUD
Funding options Bank transfer, Cheque, DebitCard, Payoneer, Credit cards, Bank transfer, PayPal, MasterCard, BPAY, DebitCard,
Micro account
ECN account