Palladium
Palladium trading is popular due to its widespread applications and scarcity, plus its appeal during times of uncertainty. This article explains how to trade palladium online, from price analysis and market forecasts to trading hours in the UK. Our team have also listed the best palladium brokers and platforms:
Top Palladium Brokers UK
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Founded in Australia in 2010, Pepperstone is a highly regarded broker specialising in forex and CFDs. Serving more than 400,000 clients globally, it provides access to over 1,300 financial instruments through popular platforms like MT4, MT5, cTrader, and TradingView. Its fee structure is both low and transparent. With regulation by reputable bodies such as the FCA, ASIC, and CySEC, Pepperstone guarantees a safe trading environment for traders at every level.
Instruments Regulator Platforms CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto (only Pro clients), Spread Betting FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade, Quantower Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:30 (Retail), 1:500 (Pro) -
Established in Poland in 2002, XTB caters to over a million clients worldwide. This forex and CFD broker offers a robust regulatory framework, a diverse range of assets, and prioritises trader satisfaction. It provides an intuitive proprietary platform equipped with excellent tools to support aspiring traders.
Instruments Regulator Platforms CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs FCA, CySEC, KNF, DFSA, FSC, SCA, Bappebti xStation Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:30 -
Founded in 1989, CMC Markets is a reputable broker publicly listed on the London Stock Exchange. It holds authorisation from top-tier regulators such as the FCA, ASIC, and CIRO. The brokerage, which has received multiple awards, boasts a global membership exceeding one million traders.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA Web, MT4, TradingView Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:30 (Retail), 1:500 (Pro) -
FXCC, a well-established brokerage since 2010, offers cost-effective online trading. Registered in Nevis and regulated by CySEC, it is distinguished by its ECN conditions and absence of a minimum deposit requirement. The account opening process is efficient, taking under five minutes.
Instruments Regulator Platforms CFDs, Forex, Indices, Commodities, Crypto CySEC MT4, MT5 Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:500 -
Founded in 2006, FxPro has built a reputation as a reliable non-dealing desk (NDD) broker, providing trading access across more than 2,100 markets to over 2 million clients globally. It has received over 100 industry awards, reflecting its favourable conditions for active traders.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, Futures, Spread Betting FCA, CySEC, FSCA, SCB, FSA FxPro Edge, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade, Quantower Min. Deposit Min. Trade Leverage $100 0.01 Lots 1:30 (Retail), 1:500 (Pro) -
Founded in 1974, IG is a part of IG Group Holdings Plc, a publicly listed brokerage (LSE: IGG). The company provides spread betting, CFD, and forex trading, offering access to over 17,000 markets. Its platforms and investing apps are notably user-friendly. Over the past 50 years, IG has consistently been an industry leader, excelling in all essential areas for traders.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM Web, ProRealTime, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:30 (Retail), 1:222 (Pro) -
IC Trading belongs to the reputable IC Markets group. Designed for dedicated traders, it offers highly competitive spreads, dependable order execution, and sophisticated trading tools. However, it operates from Mauritius, an offshore financial centre, allowing high leverage but within a less regulated environment.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures FSC MT4, MT5, cTrader, AutoChartist, TradingCentral Min. Deposit Min. Trade Leverage $200 0.01 Lots 1:500
Pepperstone
XTB
CMC Markets
FXCC
FXPro
IG Index
IC TradingSafety Comparison
Compare how safe the Palladium are and what features they offer to protect traders.
| Broker | Trust Rating | FCA Regulated | Negative Balance Protection | Guaranteed Stop Loss | Segregated Accounts |
|---|---|---|---|---|---|
| Pepperstone | ✔ | ✔ | ✘ | ✔ | |
| XTB | ✔ | ✔ | ✔ | ✔ | |
| CMC Markets | ✔ | ✔ | ✔ | ✔ | |
| FXCC | ✘ | ✔ | ✘ | ✔ | |
| FXPro | ✔ | ✔ | ✘ | ✔ | |
| IG Index | ✔ | ✔ | ✔ | ✔ | |
| IC Trading | ✘ | ✘ | ✘ | ✔ |
Payments Comparison
Compare which popular payment methods the Palladium support and whether they have trading accounts denominated in British Pounds (GBP).
| Broker | GBP Account | Debit Card | Credit Card | Neteller | Skrill | Apple Pay |
|---|---|---|---|---|---|---|
| Pepperstone | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| XTB | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| CMC Markets | ✔ | ✔ | ✔ | ✘ | ✘ | ✘ |
| FXCC | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| FXPro | ✔ | ✘ | ✔ | ✔ | ✔ | ✘ |
| IG Index | ✔ | ✔ | ✔ | ✘ | ✘ | ✘ |
| IC Trading | ✔ | ✔ | ✔ | ✔ | ✘ | ✘ |
Mobile Trading Comparison
How good are the Palladium at mobile trading using apps or other mobile interfaces.
| Broker | Mobile Apps | iOS Rating | Android Rating | Smart Watch App |
|---|---|---|---|---|
| Pepperstone | iOS & Android | ✘ | ||
| XTB | iOS & Android | ✔ | ||
| CMC Markets | iOS & Android | ✘ | ||
| FXCC | iOS & Android | ✘ | ||
| FXPro | iOS & Android | ✘ | ||
| IG Index | iOS & Android | ✔ | ||
| IC Trading | iOS & Android | ✘ |
Beginners Comparison
Are the Palladium good for beginner traders, that might want an affordable setup to get started, along with good support and educational resources?
| Broker | Demo Account | Minimum Deposit | Minimum Trade | Support Rating | Education Rating |
|---|---|---|---|---|---|
| Pepperstone | ✔ | $0 | 0.01 Lots | ||
| XTB | ✔ | $0 | 0.01 Lots | ||
| CMC Markets | ✔ | $0 | 0.01 Lots | ||
| FXCC | ✔ | $0 | 0.01 Lots | ||
| FXPro | ✔ | $100 | 0.01 Lots | ||
| IG Index | ✔ | $0 | 0.01 Lots | ||
| IC Trading | ✔ | $200 | 0.01 Lots |
Advanced Trading Comparison
Do the Palladium offer features that allow for more advanced trading strategies?
| Broker | Automated Trading | Pro Account | Leverage | VPS | AI | Low Latency | Extended Hours |
|---|---|---|---|---|---|---|---|
| Pepperstone | Expert Advisors (EAs) on MetaTrader | ✔ | 1:30 (Retail), 1:500 (Pro) | ✔ | ✔ | ✔ | ✘ |
| XTB | Open API | ✔ | 1:30 | ✘ | ✘ | ✔ | ✘ |
| CMC Markets | Expert Advisors (EAs) on MetaTrader | ✔ | 1:30 (Retail), 1:500 (Pro) | ✔ | ✘ | ✔ | ✔ |
| FXCC | Expert Advisors (EAs) on MetaTrader | ✘ | 1:500 | ✔ | ✘ | ✔ | ✘ |
| FXPro | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✔ | 1:30 (Retail), 1:500 (Pro) | ✔ | ✘ | ✔ | ✘ |
| IG Index | Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime | ✔ | 1:30 (Retail), 1:222 (Pro) | ✔ | ✘ | ✔ | ✔ |
| IC Trading | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✘ | 1:500 | ✔ | ✘ | ✔ | ✘ |
Detailed Rating Comparison
Use this heatmap to compare our detailed ratings for all of the Palladium.
| Broker | Trust | Platforms | Mobile | Assets | Fees | Accounts | Support | Research | Education |
|---|---|---|---|---|---|---|---|---|---|
| Pepperstone | |||||||||
| XTB | |||||||||
| CMC Markets | |||||||||
| FXCC | |||||||||
| FXPro | |||||||||
| IG Index | |||||||||
| IC Trading |
Our Take On Pepperstone
"Pepperstone is a premier trading platform, providing tight spreads, swift execution, and sophisticated charting tools for seasoned traders. Beginners benefit from no minimum deposit, comprehensive learning materials, and outstanding 24/7 support."
Tobias Robinson
Reviewer
Pros
- Pepperstone now offers spread betting via TradingView, delivering a streamlined and tax-efficient trading experience with sophisticated analytical tools.
- The award-winning customer support can be accessed through phone, email, or live chat. During tests, response times have consistently been under 5 minutes.
- Pepperstone offers rapid execution speeds of approximately 30ms, enabling swift order processing and execution, making it ideal for traders.
Cons
- Pepperstone doesn't offer cTrader Copy, a favoured feature for copying trades found in the cTrader platform, which is available on other platforms such as IC Markets. However, Pepperstone has launched its own user-friendly copy trading app.
- Although its market range has improved, its crypto offerings remain limited compared to brokers specialising in this sector, lacking real coin investment options.
- Pepperstone's demo accounts expire after 30 days, which may not provide sufficient time to explore various platforms and evaluate trading strategies.
Our Take On XTB
"XTB emerges as an ideal option for novice traders, offering the impressive xStation platform, zero commission pricing, no required minimum deposit, and outstanding educational resources, many of which are conveniently integrated into the platform."
Pros
- The xStation platform stands out with its user-friendly design and intuitive tools, such as adaptable news feeds, sentiment heatmaps, and a trader calculator. These features streamline the learning process for new traders.
- Top-notch customer support, available 24/5, includes a welcoming live chat with response times under two minutes during tests.
- XTB offers a diverse range of over 7,000 instruments, including CFDs on shares, indices, ETFs, commodities, forex, and cryptocurrencies. The platform also provides real shares, real ETFs, share dealing, and the latest addition, Investment Plans, serving both traders seeking short-term gains and investors focused on long-term growth.
Cons
- The demo account lasts only four weeks, posing a challenge for traders wanting to fully explore the xStation platform and refine short-term strategies before investing actual money.
- XTB has stopped supporting MT4, restricting traders to its own platform, xStation. This decision may discourage experienced traders accustomed to using the MetaTrader suite.
- XTB lacks a raw spread account, a feature increasingly offered by competitors such as Pepperstone. This omission might not satisfy traders seeking the most competitive spreads.
Our Take On CMC Markets
"Equipped with advanced charts and a broad array of tradable CFDs, including an unmatched selection of currencies and bespoke indices, CMC Markets offers an excellent online platform for traders at any level."
Pros
- The brokerage excels with an extensive array of valuable resources, such as pattern recognition scanners, webinars, tutorials, news feeds, and research from reputable sources like Morningstar.
- The CMC web platform offers an exceptional user experience with sophisticated charting tools for trading and customisable options, suitable for both novice and seasoned traders. It supports MT4 but not MT5, and TradingView will be available from 2025.
- CMC provides competitive pricing with narrow spreads and low trading fees, except for stock CFDs. The Alpha and Price+ programmes offer additional benefits for active traders, including discounts on spreads of up to 40%.
Cons
- Although there have been improvements, the online platform still needs further refinement to match the user-friendly trading experience offered by competitors such as IG.
- The CMC Markets app provides a comprehensive trading package; however, its design and user experience lag behind market leaders such as eToro.
- A monthly inactivity charge of $10 is imposed after a year's inactivity, potentially discouraging occasional traders.
Our Take On FXCC
"FXCC remains a top choice for forex traders, offering over 70 currency pairs, very tight spreads from 0.0 pips in tests, and high leverage up to 1:500 with the ECN XL account."
Pros
- FXCC has introduced MT5, which in our evaluations, mirrored the trading conditions of MT4 by offering swift execution, improved charting, and market depth tools.
- FXCC is a trusted and licensed broker under the regulation of CySEC, a leading European authority ensuring excellent safeguarding standards.
- There are no limitations on short-term trading techniques such as trading and scalping.
Cons
- The variety of currency pairs surpasses most options, but the choice of other assets is limited. Notably, stocks are absent.
- The range of research tools, such as Trading Central and Autochartist, is quite limited. Leading platforms in this category, like IG, offer more advanced features.
- Unaware traders might face steep withdrawal fees, such as a notable $45 for bank transfers.
Our Take On FXPro
"FxPro is an excellent choice for traders, offering swift execution speeds under 12ms, reduced fees since 2022, and outstanding charting platforms like MT4, MT5, cTrader, and FxPro Edge."
Pros
- FxPro uses a 'No Dealing Desk' (NDD) model for swift and transparent order execution, usually within 12 milliseconds, making it well-suited for short-term trading strategies.
- FxPro provides four dependable charting platforms, including the user-friendly FxPro Edge. It features more than 50 indicators, 7 types of charts, and 15 different timeframes.
- FxPro's Wallet is a notable feature enabling traders to securely manage their funds. It ensures additional protection and ease by separating unused funds from active trading accounts.
Cons
- There are no passive investment options such as copy trading or interest on cash. While traders might not find these essential, competitors like eToro, which accommodate both active and passive investors, offer more extensive services.
- FxPro, with its $10M funded demo account and expanding Knowledge Hub, mainly caters to experienced traders. Beginners might find its account and fee structure challenging to understand.
- FxPro offers customer support five days a week around the clock, accessible via various platforms, and the service quality is reliable based on tests. However, the absence of weekend support can be a drawback for traders requiring help beyond standard market times.
Our Take On IG Index
"IG offers a complete package with an intuitive online platform, top-tier beginner education, advanced charting tools through its TradingView integration, real-time data, and swift execution for seasoned traders."
Pros
- IG stands out with its extensive range of instruments, offering stocks, forex, indices, commodities, and cryptocurrencies. Additionally, it has recently introduced US-listed futures and options, along with an AI Index. These options enhance opportunities for diversification in trading.
- The IG app provides an excellent mobile trading experience with an intuitive design, earning it the Runner Up position in our 'Best Trading App' award.
- IG provides a wide range of professional and engaging educational materials, such as webinars, articles, and analyses, tailored for traders.
Cons
- In the UK and EU, negative balance protection is available. However, US clients lack account protection and guaranteed stop losses.
- Beginners may find IG's fees complicated, as they vary depending on the trades or services. This could cause confusion and unexpected costs.
- IG has ended its swap-free account, diminishing its attractiveness to Islamic traders.
Our Take On IC Trading
"IC Trading offers an ideal environment, featuring top-tier execution speeds of around 40 milliseconds, extensive liquidity, and advanced charting tools, perfect for scalpers, traders, and algorithmic traders."
Christian Harris
Reviewer
Pros
- Trading Central and Autochartist provide valuable technical analysis and actionable ideas. These tools are readily available within the account area or on the cTrader platform.
- IC Trading provides exceptional flexibility, allowing traders to open as many as 10 live accounts and 20 demo accounts. This enables the management of distinct profiles for various activities, including manual and algorithmic trading.
- The streamlined digital account setup allows traders to commence trading swiftly, eliminating lengthy paperwork. Testing shows the process takes mere minutes.
Cons
- Customer support was inadequate during testing, with multiple live chat attempts going unanswered and emails ignored. This raises significant concerns regarding their capacity to manage urgent trading issues.
- Unlike IC Markets, IC Trading lacks support for social trading via the IC Social app or the ZuluTrade platform.
- Although IC Trading operates under the reputable IC Markets group, it is licensed by the FSC in Mauritius, a regulator known for its limited financial transparency and lack of robust safeguards.
Palladium Trading – The Basics
Palladium is a gleaming silvery-white metal discovered in 1803 by English chemist William Hyde Wollaston. It is thirty times scarcer than gold and over half of its current production is used in catalytic converters. Requirements to reduce carbon emissions increase demand for it, while the transition to electric vehicles militates against this.
Palladium is also used in electronics, dentistry, medicine, groundwater treatment, hydrogen purification and jewellery. Malleable to extremely thin sheets it is also a key component in fuel cells and solar panels. Environmental concerns suggest continuing demand for the commodity.
Russia is the top producer of palladium accounting for 39% of global production, followed by South Africa, Canada, the US and Zimbabwe.
Relatively dormant in the markets prior to the mid-nineties, palladium trading since has seen significant peaks and troughs, though the movement has been mostly upwards.
Palladium is priced per ounce and reached an all-time high on 3 May 2021, when an ounce was priced at $2,981.40. Low points have been in 2003 when it fell to $170.35, and during the global financial crisis of 2007- 2008 when it dropped to a value of $178.95. A lesser dip to $502.10 came in January 2016.
Price Chart
What Moves The Price Of Palladium?
Supply
As with all commodities, supply drives changes in the palladium trading price.
Palladium’s market value of $2,548.10 on 28 February 2020, for example, came as a result of supply shortages. Disrupted production in the automotive industry due to the Covid-19 crisis led to a decrease in value, while Covid-related shutdowns also interrupted production in South Africa. A global semiconductor shortage in December 2021 also lowered automotive production, and with it, the value of palladium.
Flooding in Russian palladium mines affected a surge in value in May 2021 as demand continued to grow. Russia’s invasion of Ukraine in February 2022 has led to further uncertainty in the palladium market, as speculation continues regarding global supply lines.
Demand
Demand for palladium shows changing patterns. The chemical industry is a sector showing increasing demand, with 2021 seeing particularly high consumption.
By contrast, consumption has decreased in electronics as nickel has become preferred in capacitors used in power supply circuits. Consumption in dentistry has similarly declined as the cost of palladium has driven dentists towards lower-cost alternatives.
As the automotive industry is the primary consumer of palladium, demand for it is affected by governments enforcing stricter emissions restrictions. In time this demand is expected to subside as electric vehicle production increases. New applications requiring palladium trading, however, may well open up.
Strength Of The Dollar
Palladium tends to increase and decrease in value in inverse proportion to the value of the US dollar against other currencies. Essentially, a weak dollar typically means a higher palladium price and vice-versa.
Market Sentiment
Another key factor moving palladium prices is market sentiment.
The palladium metals market offers low liquidity and volume when compared to gold, silver and platinum. Investors are more likely to use palladium to hedge and diversify their portfolios, and will be influenced by market sentiment. This has its own effect on the volatility of palladium prices.
Why Trade In Palladium?
Volatility in trading palladium brings its own opportunities and risks.
In general, traders will include it as part of a broader metals portfolio alongside gold and silver. Trading solely in palladium is less common due to the volatility we have indicated.
When part of a broader portfolio palladium can provide protection in times of inflation and economic instability. It shares the financial qualities of other metals in this regard.
What stands in favour of trading palladium is the demand for the metal in a wide variety of applications, which leads to huge industrial and commercial demand. In addition, its rarity alongside environmental policies inhibiting its extraction can lead to supply deficiencies which enhance its value.
How To Start Trading Palladium
Numerous vehicles are available to start trading and investing in palladium online:
Stocks
You can invest in the metal by buying shares in companies involved in palladium production. Companies to consider include:
- Silbanye Stillwater (2013, South Africa – specialises in palladium, platinum and gold and also owns Stillwater and East Boulder palladium mines in the US)
- Ivanhoe Mines (1993, Canada – develops and explores various metals and minerals. Its primary operations are in Africa)
- Anglo American Platinum (1995, headquarters in South Africa – specialises in the platinum group of metals with wide global reach and involvement in palladium recycling)
- A-Mark Precious Metals (1965, current location in the US – focuses on marketing and distribution. It serves many countries including the UK)
- New Age Metals (1996, Canada – the owner of one of the largest undeveloped palladium projects in the US and has funding ties with Mineral Resources Limited, Australia)
CFDs
Contracts for difference (CFDs) are a contract between a trader and a broker. They amount to a bet with regard to whether a commodity will gain or lose value between the start and end of the contract. The trader either earns or pays the final difference, less any fees.
CFDs offer the advantage of initial low outlay since the contract concerns price rather than physical possession of the commodity, which would entail costs in storage and transportation. Trades can also be leveraged, meaning a multiplication of potential gains and losses.
Spread Betting
This also involves exposure to the value of palladium without its physical ownership. A key difference between spread betting and CFDs is that here the trader speculates only on whether the price of the commodity will rise or fall by a defined time. How much they stake on this outcome is in the hands of the trader.
Spread betting is also usually tax-free in the UK.
Futures
Trading palladium futures is also a popular approach. Futures are a contract with a broker to buy a defined quantity of palladium for a specified price at a particular date in the future.
A futures contract can be settled with a broker before expiration by rolling forward to a new futures contract or by exchange for a spot trade.
Options
Options are similar to futures contracts, but give the option not to buy or sell at the contract’s expiry. Traders pay a premium for this flexibility.
Spot Trades
Spot trading involves buying a certain quantity of palladium at the current market price. This enables you to buy physical palladium in the form of coins or bars, for example, that could serve to hedge against the risks involved with other assets.
A spot trade can take the form of a paper product with a brokerage or other intermediary who will store and insure the palladium itself.
ETFs
Exchange-traded funds (ETFs) generally combine various stocks into a single cluster that is then placed on a stock exchange and traded as a single product. In this way, they can be bought and sold like regular company shares.
ETFs have the advantages of simplicity and flexibility, allowing the trader to diversify their portfolio and/or hedge. These palladium products can also offer leverage and inverse leverage through derivative ETFs.
Choosing Palladium Brokers
Success or failure in palladium trading can partly depend on your choice of brokers. In general, you should look for palladium brokers that offer the following:
FCA Regulation
The FCA oversees the best trading brokers serving the UK retail market. It facilitates legal action against brokers in the case of disagreements. It caps leverage at 1:5 for trading palladium derivatives. The regulator also ensures access to investor compensation schemes and measures like negative balance protection.
Trading Platform
Check the broker offers a user-friendly and efficient palladium trading platform, such as MetaTrader 4, MetaTrader 5 or cTrader.
They should offer good features for technical and fundamental analysis. Advanced research resources and learning materials will also enhance your experience.
Trading Vehicles
It is important to choose a broker that offers the palladium trading vehicles that best suit your investing style and financial needs.
Platinum futures or ETFs may suit a longer-term investor; day traders could consider brokers that offer vehicles such as CFDs or spread betting.
Fees
You need to consider the costs of deposit, withdrawal and any other charges. Also look for tight spreads and low/no commission fees.
CMC Markets, for example, for its palladium cash price offers a minimum spread of 24.90. Margin rates (the amount of capital to open a position) are 10%. There is no minimum deposit and no withdrawal charges.
Customer Service
In palladium trading, as with the use of any services, challenges can arise. You need to be confident that your broker is committed to customer support and that you can communicate with them when you need to. This may mean 24/5 or 24/7 availability. At the least, ensure that the broker’s schedule aligns with your own trading hours.
Trading Hours UK
Palladium trading hours are generally 23:00 to 21:59 GMT Monday to Friday. Palladium is primarily traded on the New York Mercantile Exchange (NYMEX).
The palladium trading symbol is PA:NMX. Note, palladium brokers may have their own symbols for the metal on their trading platforms.
Bottom Line On Palladium Trading
Palladium trading offers investment opportunities given its scarcity, volatility and the important role it plays in various industries. Those interested in metals investments might consider diversification in purchasing palladium to accompany their gold and silver holdings.
To start trading today, head to our list of top-rated palladium brokers.
FAQ
How Can I Invest In Palladium?
There are several ways to invest in palladium including via futures, contracts for difference (CFDs), exchange-traded funds (ETFs), and stocks of companies involved in the mining/production, distribution and use of the soft metal. The best palladium trading brokers offer a choice of vehicles and services to suit different trading timeframes and strategies.
Is Palladium A Good Investment?
It could be argued that because of its importance to the automotive industry and technologies combatting climate change, palladium is an attractive future investment. Current geopolitical events, however, make supply and demand uncertain, though some analysts expect greater stability in the coming years.
Palladium may also be a good investment for those looking to diversify their portfolios. It is a volatile commodity that often sees sharp price fluctuations, which in turn creates opportunities for profits. It can also be used as a hedge since it tends to retain its value during market downturns.
Which Are The Best Brokers For Trading Palladium?
The top UK brokers for investing in palladium include Pepperstone, which offers user-friendly trading platforms, a minimum deposit of £200, plus low commissions for palladium and other commodities. CMC Markets has London headquarters and is listed on the LSE. It offers competitive spreads on a range of assets, including palladium, via its Next Generation platform. eToro has a beginner-friendly copy trading feature which allows the inexperienced trader to follow the movements of established investors. You can set your account to invest in the same palladium trades that others make.
Is Trading Palladium Easy?
As with any online investing, trading palladium has its challenges with notable price volatility. Palladium trading requires being abreast of news updates and market economics, particularly those affecting countries involved in its production, notably South Africa and Russia. Any political upheavals or economic shifts within these locations can largely impact the price of palladium.