Palladium is a metal mainly used in catalysts which assist in protecting the environment from harmful gases. Palladium is one of the rarest metals on earth, with Russia, South Africa and North America being the main producers. The first two countries produce nearly 80% of the total supply, hence any changes on the mining production of these countries adds volatility to the palladium price. Futures and options are a significant part of a group of elements referred to as the platinum group metals (PGMs).
PARAMETERS | Trading Specifications per Account Type | |||||
---|---|---|---|---|---|---|
PREMIUM | ZERO | PRO | ||||
Spreads as low as | 5.4 | 5.4 | 5.4 | |||
Size of 1 lot | 100 Troy Oz | 100 Troy Oz | 100 Troy Oz | |||
Minimum Contract size, lots | 0.01 | 0.01 | 0.01 | |||
Maximum Contract size, lots | 60 | 60 | 60 | |||
Tick value per 1 lot | 5 USD | 5 USD | 5 USD | |||
Volume limitation | n/a | n/a | n/a | |||
Margin requirement | 5% | 5% | 5% | |||
Minimum Price Increment | 0.05 | 0.05 | 0.05 | |||
Limit and Stop Levels | 70.0 | 70.0 | 70.0 | |||
Negative balance protection | Yes | Yes | Yes | |||
Swap free days allowance | 0 | 0 | 0 |