Broker

Spread

for Palladium

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details

AvaTrade

Offers four ways to trade: Forex, CFDs, Spread Betting, Social Trading

 Offers Bitcoin, Ethereum, Dash, Ripple and Litecoin
AvaTrade
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Losses can exceed deposits
£250Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
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  • Micro
  • Standard
  • VIP
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  • Fixed
  • Variable

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  • Market Maker
  • DMA
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Trust Score:

AAA

Used by:

200

Established in:

2006

Regulated by:

Central Bank of Ireland, ASiC,...

See Details Try a Demo
Losses can exceed deposits

Plus500

Offers one way to trade: CFDs

Plus500
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Your capital is at risk
£100Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
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  • Micro
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  • Fixed
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Trust Score:

B

Used by:

155

Established in:

2008

Regulated by:

Financial Conduct Authority (F...

See Details Try a Demo
Your capital is at risk

ETX Capital

Offers three ways to trade: Forex, CFDs, Spread Betting

ETX Capital
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Losses can exceed deposits
£100Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
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  • Micro
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  • VIP
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  • Fixed
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  • Live chat
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  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
Trust Score:

A

Used by:

0

Established in:

2002

Regulated by:

Financial Conduct Authority

See Details Try a Demo
Losses can exceed deposits

City Index

Offers three ways to trade: Forex, CFDs, Spread Betting

City Index
Losses can exceed deposits
£100Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
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  • Fixed
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  • Live chat
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  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
See Details
Losses can exceed deposits

IG

Offers four ways to trade: Forex, CFDs, Spread Betting, Share dealing

IG
Losses can exceed deposits
£1Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
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  • Micro
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  • Market Maker
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See Details
Losses can exceed deposits

eToro

Offers two ways to trade: CFDs, Social Trading

eToro
Losses can exceed deposits
£200Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
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  • Fixed
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  • Live chat
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Contact Details
  • Market Maker
  • DMA
  • ECN
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See Details
Losses can exceed deposits

XM

Offers two ways to trade: Forex, CFDs

XM
Your capital is at risk
£5Min. Deposit Learn More
  • MT4
  • WebTrader
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Contact Details
  • Market Maker
  • DMA
  • ECN
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See Details
Your capital is at risk

Markets.com

Offers two ways to trade: Forex, CFDs

Markets.com
Your capital is at risk
£100Min. Deposit Learn More
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See Details
Your capital is at risk

EasyMarkets

Offers two ways to trade: Forex, CFDs

EasyMarkets
Your capital is at risk
400.0pointsSee All Spreads
£100Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
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  • Live chat
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Contact Details
  • Market Maker
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  • ECN
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See Details
Your capital is at risk

Pepperstone

Offers three ways to trade: Forex, CFDs, Social Trading

Pepperstone
Your capital is at risk
£200Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
  • Credit cards
  • PayPal
See Methods
  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
See Details
Your capital is at risk
CFDs are leveraged products and can result in the loss of your capital. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Palladium

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose AvaTrade
For Palladium?

AvaTrade 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 AvaTrade scored highly in:

  • 12+ years in business
  • Offers 250+ instruments
  • A range of platform inc. MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.70pips
  • Used by 200+ traders
  • Allows hedging
  • 3 languages
  • Leverage up to 1:400

AvaTrade offers four ways to tradeForex, CFDs, Spread Betting, Social Trading. 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.

AvaTrade have a AAA trust score, which is v. good. This is largely down to them being regulated by Central Bank of Ireland, ASiC, FSA, FSB and BVI, segregating client funds, being segregating client funds, being established for over 12

Trust Score comparsion

AvaTrade Plus500 ETX Capital
Trust Score AAA B A
Year Established 2006 2008 2002
Regulated by Central Bank of Ireland, ASiC, FSA, FSB and BVI Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14) Financial Conduct Authority
Uses tier 1 banks
Company Type Private Public Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We’ve compared these in detail in part three of this guide.

Part 2

Who AvaTrade is (& Isn’t)
Suitable For

As mentioned, AvaTrade allows you to trade in four ways: Forex, CFDs, Spread Betting, Social Trading.

Suitable for:

  • Spread Betting
  • CFD Trading
  • Forex Trading
  • Social Trading

Not Suitable for:

  • Share Dealing

To trade with AvaTrade, you’ll need a minimum deposit of $250. AvaTrade offers a range of different account types for different traders including a micro accountmini account, vip account .

Finally, AvaTrade isn’t available in the following countries: BE, BR, KP, NZ, TR, US, CA, SG.

Part 3

A Comparison of AvaTrade vs. Plus500 vs. ETX Capital


Want to see how AvaTrade stacks up against Plus500 and ETX Capital? 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.
AvaTrade Plus500 ETX Capital
Fixed Spreads
Variable Spreads
EUR/USD Spread 0.70 0.60 0.60
GBP/USD Spread 1.8 0.01% 1.2
DAX Spread 1.5 0.01% 1.0
FTSE 100 Spread 1.0 0.02% 1.0
S&P500 Spread 0.25 0.02% N/A

Comparison of account & trading features

AvaTrade Plus500 ETX Capital
Platform MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps
Services Forex, CFDs, Spread Betting, Social Trading CFDs Forex, CFDs, Spread Betting
Base currency options USD, GBP, EUR, JPY, AUD GBP, EUR, CHF, JPY, AUD, CAD, NZD, PLN USD, GBP, EUR
Funding options Payoneer, Credit cards, Bank transfer, PayPal, Neteller, WebMoney, Payoneer, Credit cards, Bank transfer, PayPal, Payoneer, Credit cards, Bank transfer, Neteller, UnionPay, SOFORT, Giropay, DebitCard,
Micro account
ECN account

Part 4

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.


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