Trade PALLADIUM with us

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MARGIN TRADING INVOLVES SIGNIFICANT RISK TO YOUR INVESTED CAPITAL

EURUSD GBPUSD USDCHF USDJPY AUDCAD AUDCHF AUDJPY AUDNZD AUDUSD CADCHF CADJPY CHFJPY EURAUD EURCAD EURCHF EURGBP EURJPY EURNZD GBPAUD GBPCAD GBPCHF GBPJPY GBPNZD NZDCAD NZDCHF NZDJPY NZDUSD USDCAD EURHKD EURSGD EURZAR GBPNOK GBPPLN GBPSEK GBPSGD NZDSGD USDCZK USDRUB EURNOK EURPLN EURSEK EURTRY NOKSEK SGDJPY USDCNH USDDKK USDMXN USDNOK USDPLN USDSEK USDSGD USDTRY USDZAR DE30 ES35 EU50 FR40 US30 UT100 US500 JP225 HK50 USOil UKOil XAGEUR XAGUSD XAUEUR XAUUSD XPTUSD XPDUSD
Change 1.03% Raw spread
Low 1015 High 1040
Swap Long -28.9 Swap Short 4.08
Minimum Volume in Lots 0.01 Leverage 1:10
3-day SWAPs Wednesday Margin requirement 10%
Commission per lot (single side)
CLASSIC $0  PRO $3  VIP $1.5
Trading hours and server time
Open Monday 1:02   Close Friday 23:58  Server time GMT+3

Daily break 00:00-01:00

Instruments Bid Ask Change
EURUSD SELL BUY -0.22%
GBPUSD SELL BUY -0.12%
USDJPY SELL BUY -0.67%
GBPJPY SELL BUY -0.81%
XAUUSD SELL BUY 0.67%
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About

XPDUSD

What is Palladium

Palladium is one of the rarest precious metals and is mostly used for industrial and electronic purposes.  The greatest industrial use for the shiny metal is in catalytic converters for automobiles as it absorbs hazardous fuel emissions. The metal is harder and more durable than platinum. Palladium is also heavily used in modern industry. It is used for the production of hybrid cars and has applications in solar energy and fuel cells systems and products. Palladium has become a popular investment option as in 2019 the price of the precious metal increased above the price of gold.

Why Trade Palladium

Investors trade palladium to diversify their portfolio and hedge it against currency weakness (like the devaluation of the dollar) and fluctuations in the stock markets. Also, palladium and other precious metals are seen as safe haven as they could keep their value during times of global unrest and periods of high inflation.

What Affects Palladium Price

Palladium spot price can move fast and significantly. The prices of the precious metal can be influenced by its industrial and investment demand. As it has already been mentioned, palladium is used to produce catalytic converters and has applications in hybrid cars production, solar energy and fuel cells systems and products. With a flourishing automobile industry in China, Russia keeping their stockpile a state secret and new applications in modern technology, the prices of the precious metal often fluctuate.

The prices can also be affected by interest rates, currency markets and greater geopolitical risk. Palladium is also a dollar-dominated instrument and potential falls in the price of the currency could increase the price of the metal. 75% of palladium is mined in the United States and Russia. With the historic tension between the two nations, supply shocks are highly probable. If Russia decides to curtail its palladium export, the metal’s price is likely to rise.

Mining operations could also affect the price of palladium. Any issues hindering the mining of the metal such as worker strikes could increase the price. Additionally, if the market is overflowing with supply, miners could slow down operations to boost prices.

Gold, Silver and Palladium Prices

The prices of gold, silver and palladium sometimes move together while other times they may diverge as the price of palladium can be affected by a different set of factors.

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Trade Responsibly: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.