Palladium is available in CFDs on metals with FxPro.
Strategize and improve your trading by taking advantage of the Palladium boom in markets around the world.
FXPro adds Palladium CFD for trading
Recently FxPro has made beneficial upgrades for CFD trading on metals by adding Palladium to the range of instruments available.
Starting from 2016 until the first half of 2021, the price of Palladium was subject to a dizzying increase of about 6 times its value, reaching a peak that exceeds 3,000 dollars per ounce and this exponential increase in prices is mainly due to the widespread use of Palladium in the electric vehicle market.
Recently, however, the price of Palladium has fallen to $ 2,000, the main cause of this decline stemming from a shortage of semiconductors which consequently leads to a decrease in automobile production.
Palladium is an extremely rare silver-white metal belonging to the platinum group and is much more volatile and ductile than gold as it is widely used in production cycles in various sectors.
And now every FxPro trader will have the opportunity to be able to carry out trading strategies and trade with this fantastic new tool, as well as being able to Gold (in USD or EUR), Gold (grams), Silver (in USD or EUR) and Platinum.
Invest in CFDs on metals with FxPro
Being FxPro an extremely popular and reliable online broker, it is committed to offering services that are always in step with the times, capable of satisfying every need of every trader and with over 15 years of experience in the sector, its work is always synonymous with quality.
CFD trading on metals is very influenced by seasons, market volume and daily price fluctuations and all trading strategies should take into account data from the Economic Calendar and statistics from the US and Chinese markets.
Global supply and demand of metals radically influence their value and consequently if demand increases the price of metals increases but if demand decreases the price tends to decrease but this characteristic does not create significant short-term price changes, occurring mainly in the long term.
The main international markets for metal trading are the London Metal Exchange (LME), the New York Mercantile Exchange (NYMEX), and the Shanghai Gold Exchange.
Below you will find the list of the main reasons to invest in CFDs on metals with FxPro.
- List of available tools continuously updated.
- 4 platforms for trading CFDs on metals with the choice between MT5, MT4, cTrade and Edge.
- Very high speed execution (less than 14ms) and high liquidity.
- Transparency and security guaranteed.
- Extremely qualified support team available 24/7.