User-Friendly Platform Educational Resources Social Trading Features
Wikitoro author Nick Zelver Written by Nick Zelver
Wikitoro fact checker Wikitoro Team Fact checked by Wikitoro Team
Updated Feb, 2024

Opening Remarks

Palladium, though less renowned than gold or silver, maintains its allure as an investment in the commodities market. Predominantly extracted from the depths of Russia and South America, its primary use is in manufacturing catalytic converters for vehicles, consuming over 70% of its global supply. Beyond automotive applications, palladium's unique properties find use in crafting aircraft spark plugs, minting coins, and manufacturing surgical instruments, jewelry, and fuel cells.

For those without access to a reliable palladium supplier, the preferred method of investment is through the stock market. Increasingly, investors are turning to social-trading apps like eToro's CFD trading platform. This platform not only facilitates stock market trades but also offers opportunities to invest in precious metals, including palladium. If you're interested in understanding the intricacies of trading palladium, I've prepared a detailed guide, complemented by my personal insights.

Trade Palladium!

76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

 

Trading Palladium via CFD

When trading palladium on eToro, you engage in CFDs (Contracts for Difference) rather than owning the metal physically. CFD trading appeals to me because it allows speculative trading based on the commodity market's movements without the need for physical possession.

 

Why I Prefer Trading Palladium on eToro

Having traded this asset on eToro several times, I've identified numerous benefits:

  • A user-friendly interface
  • Flexibility to trade according to your schedule
  • No transaction fees on commodity trades
  • The use of leverage, allowing you to open larger positions with a smaller initial commitment

 

The Palladium Asset Page

Upon visiting the Palladium asset page on eToro, you're directed to the Overview section. This default area displays several key elements:

  • Graph: Illustrates the asset's performance over time.
  • About: Offers concise information about Palladium.
  • Latest News: Features current news about Palladium from CityFALCON.
  • People Also Bought: Suggests other eToro commodities that are popular among traders.
  • Copy Investors: Lists top traders investing in Palladium. Clicking the "Copy" button next to a trader takes you to their copy trading window.
  • Discussions: Here, traders share posts and conversations about Palladium. You can filter to view top discussions or all discussions and interact by liking, commenting, or sharing posts.
eToro Palladium trading page
eToro Palladium trading page

 

Tools You Can Use

The eToro platform offers integrated tools that I found particularly useful for trading Palladium:

  • Chart: Provides a live chart of the asset with configurable time frames from 1 minute to 1 week.
  • News: Displays the latest Palladium-related news, also sourced from CityFALCON, indicating the news mood as positive, negative, or neutral. The "Sentiment Trends" section below the news quantifies the sentiment about Palladium, showing a 30-day average sentiment, including top stories for each day.

 

Trading Palladium on eToro

To trade Palladium, search for the asset, select "BUY" or "SELL", input your investment amount, set your trade preferences, and execute the trade.

Buying Palladium on eToro
Buying Palladium on eToro

 

Final Thoughts

That's everything you need to know to trade Palladium on eToro, whether using their web platform or mobile app. Remember these insights and apply them wisely in your online trading endeavors.

 

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

Wikitoro author Nick Zelver About Nick Zelver

Nick is the Senior Content Editor at Wikitoro.org with over 15 years in online marketing. A graduate of Toronto Metropolitan University, he has strategized for More Sales Inc. and led online sales at GlassesUSA.com. His journey through digital marketing, e-commerce, and account management has equipped him with a unique perspective. Every article he pens is infused with his real-world experiences, aiming to guide and inform readers.

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