Precious metals
Palladium trading: catalyst demand and a small market
Palladium’s main industrial use has been petrol-engine catalysts. Supply is concentrated. The traded market is small, so prices can travel a long way on a modest shift in demand or on a disruption.
Market overview
When palladium is expensive relative to platinum, catalyst makers look at switching. That link does not make the two metals one market. Each has its own mine supply and its own contract.
Because the book is thin, a research note that only says precious metals is not evidence a firm offers palladium. This page keeps that distinction.
What tends to move it
Petrol vehicle output
Catalyst demand follows the fleet, not a jewellery cycle.
Substitution
Platinum can take share when the price gap justifies a redesign.
Supply concentration
A small number of regions dominate mine output.
Position size
The contract can move more than the news seems to justify.
Ways to take the exposure
These are different legal positions. A platform may offer one and not the others. Nothing here is available in every country.
Futures
Listed and thin. Delivery rules and size are on the exchange page.
Funds
Scarce. Read the holding before assuming metal exposure.
Mining shares
Usually a mix of platinum-group metals.
CFDs
Only where a firm actually lists the name. Absence of a name in the directory means not confirmed.
Contract specifications
CME Group
Contract unit, tick and margin are on the exchange page. They are not reprinted here.
Read the exchange pageIllustrative contract value
What the costs usually are
A wide bid-offer can be the largest cost. Financing on a CFD and the roll on a future are additional and not interchangeable.
What a headline commission leaves out of the bill separates the commission from the spread, financing and other charges.
Risks that belong to this market
Volatility
Small markets reprice in jumps.
Unconfirmed access
A multi-metal CFD list is not a palladium contract until the name appears.
Substitution lag
A chemistry change takes time. The price can move before the demand does.
Providers in the commodities directory
The rows come from the existing commodities research note. No second provider list was created. No commercial relationship is recorded on these rows, so the button goes to the firm’s own site. This is not a ranking.
AvaTrade
Group listing only
Metals, energy and agricultural commodity CFDs depending entity
Pricing line. Spread-based; product/entity-specific fees
Platforms. WebTrader; AvaTrade app; MT4; MT5; AvaOptions
Fees that are not in the note are not shown as zero. Eligibility where you live is not confirmed.
Capital.com
Group listing only
65+ commodity CFDs provider-stated across metals, energy and soft/agricultural markets
Pricing line. Spread-based, no commission on cited CFD proposition; other costs apply
Platforms. Capital.com web/mobile; TradingView; MT4/MT5 on current international page
Fees that are not in the note are not shown as zero. Eligibility where you live is not confirmed.
City Index
Group listing only
Gold, oil and other commodity CFDs/spread bets by region
Pricing line. Spread-based; region/product-specific
Platforms. City Index Web Trader; mobile; MT4; TradingView in selected regions
Fees that are not in the note are not shown as zero. Eligibility where you live is not confirmed.
CMC Markets
Group listing only
Commodity CFDs across metals, energy and soft commodities; investing offering differs by region
Pricing line. Spread-based CFD pricing; investing fees region-specific
Platforms. Next Generation; MT4/MT5 in selected regions; mobile/web
Fees that are not in the note are not shown as zero. Eligibility where you live is not confirmed.
DEGIRO
Group listing only
Commodity ETFs/ETCs such as oil and precious-metals products; exchange products vary by market
Pricing line. Low-cost transaction model; product/exchange-specific fees
Platforms. Web; mobile
Fees that are not in the note are not shown as zero. Eligibility where you live is not confirmed.
eToro
Group listing only
Gold, oil, copper and other commodities primarily via CFDs; commodity ETFs can offer non-CFD exposure
Pricing line. Spread/overnight/product-specific fees
Platforms. Web; mobile
Fees that are not in the note are not shown as zero. Eligibility where you live is not confirmed.
FOREX.com
Group listing only
A published range includes crude oil, natural gas, corn and metals.
Pricing line. Spread-based commodity CFDs; financing can apply
Platforms. FOREX.com proprietary; TradingView; MT5/MT4 depending region
Fees that are not in the note are not shown as zero. Eligibility where you live is not confirmed.
FP Markets
Group listing only
Oil, gas, corn, sugar and precious metals among broader commodity CFDs
Pricing line. Spread/commission account structures
Platforms. MT4; MT5; cTrader; TradingView; IRESS in selected regions
Fees that are not in the note are not shown as zero. Eligibility where you live is not confirmed.
IG
Group listing only
Commodities including metals, energy and other markets mainly through CFDs/spread betting, plus region-specific investing products
Pricing line. Spread/commission by product/entity
Platforms. IG web/mobile; MT4 in selected regions; ProRealTime integrations
Fees that are not in the note are not shown as zero. Eligibility where you live is not confirmed.
Interactive Brokers
Group listing only
Energy, metals, agriculture and related commodity products via futures, ETFs/ETPs and metals
Pricing line. Product/exchange commissions + market-data fees; fund/ETF pricing varies
Platforms. Trader Workstation; IBKR Desktop; Client Portal; GlobalTrader; mobile
Fees that are not in the note are not shown as zero. Eligibility where you live is not confirmed.
OANDA
Group listing only
Hard and soft commodity CFDs including oil, copper, natural gas, corn plus precious metals
Pricing line. Spread-based commodity/metal CFDs
Platforms. OANDA web/mobile; MT4; MT5; TradingView
Fees that are not in the note are not shown as zero. Eligibility where you live is not confirmed.
Pepperstone
Group listing only
40 spot commodity markets across metals, energies and softs on cited UK page
Pricing line. Spread-based; Razor pricing applies to some products
Platforms. Pepperstone platform; MT4; MT5; cTrader; TradingView
Fees that are not in the note are not shown as zero. Eligibility where you live is not confirmed.
Plus500
Group listing only
Gold, silver, oil, Brent, heating oil, copper, aluminium and other commodity CFDs
Pricing line. Spread/financing-based CFD pricing; regional products differ
Platforms. Proprietary web/mobile
Fees that are not in the note are not shown as zero. Eligibility where you live is not confirmed.
Saxo
Group listing only
Commodity CFDs, futures, options, spot metals and ETCs across energy, metals and agriculture
Pricing line. Tiered commissions/spreads by product and account tier
Platforms. SaxoInvestor; SaxoTrader; web/mobile
Fees that are not in the note are not shown as zero. Eligibility where you live is not confirmed.
Swissquote
Group listing only
Metals, commodity-linked funds/ETPs and derivatives depending account/entity
Pricing line. Product/account-specific fees
Platforms. Swissquote web/mobile; MT4/MT5/CFXD in relevant accounts
Fees that are not in the note are not shown as zero. Eligibility where you live is not confirmed.
Trading 212
Group listing only
Crude oil, Brent, gold, silver and other commodity/futures CFD instruments plus listed ETFs/ETCs
Pricing line. Commission-free Invest on supported securities; CFD spreads/overnight financing; FX charges can apply
Platforms. Web; mobile
Fees that are not in the note are not shown as zero. Eligibility where you live is not confirmed.
Compare selected providers
Select two or three providers. The limit is three.
Calculators
Each tool starts from numbers you type. This page does not send a contract size or a live price into them.
Position size
You type the contract multiplier. This page does not insert one.
OpenFutures margin
Tick value and margin come from the specification you enter.
OpenRisk and reward
A planned payoff. It does not grade the trade.
OpenProfit and loss
A result from prices you type.
OpenStop and target
Distances you choose, not a market order.
OpenTrading journal
A record of trades you enter.
OpenTrading performance
Figures from the journal, not from a feed.
OpenWhat a commission leaves out
How spread, fees and financing sit beside a headline commission.
OpenA thin book is a risk factor
Palladium has, in past cycles, moved far enough that the story became the shortage itself. The useful question is whether you can exit, at what spread, and whether the product you hold is the metal, a future or a company.
No live price and no contract multiplier are printed here.
Questions
Why might no provider be marked as naming palladium?
The commodities research note names some metals and not others. Palladium is shown only when the note says so. Silence is not support.
Is palladium gold’s volatility with a different label?
No. The demand is industrial and the market is smaller.
Sources and review
Written by: WiT Markets Editorial. Writes and structures WiT Markets pages. Separates a sourced fact from a cell that is Not confirmed.
Review: Editorially reviewed. This is not a qualified specialist review and it is not a legal sign-off.
Last reviewed: . Next review due . The date is an editorial pass. It is not a live check of every third-party fee.
Other sources
- CME Group — checked 13 October 2026
- WiT Markets methodology — checked 13 October 2026
Methodology. Editorial policy. Corrections. Report an error.