XPD
USD
What XPDUSD is
XPDUSD is the symbol for palladium priced in US dollars. XPD is the code for palladium and USD is the quote currency. The quote shows how many US dollars one troy ounce of palladium costs on the market.
At a broker such as Exness, XPDUSD is traded as a CFD (contract for difference). You do not own metal. You agree to settle the change in price between opening and closing the position. Profit or loss depends on the price move, your position size and your costs.
Exness offers over 200 CFD instruments, including commodities. Whether XPDUSD is available on your account type and platform, and on what terms, is shown in the trading platform. Check the instrument specification there before you trade.
What moves the palladium price in USD
Palladium is mainly an industrial metal. These factors matter most:
- Petrol-car catalysts. Most palladium goes into catalytic converters, which clean exhaust gas in petrol and hybrid cars. Car sales, emission rules and the switch between palladium and platinum in catalysts all affect demand.
- Electric vehicles. Fully electric cars have no exhaust and no catalyst. Traders follow how fast they replace petrol cars.
- Supply concentration. Most mined palladium comes from a small number of countries, chiefly Russia and South Africa. Sanctions, strikes, power shortages or mine problems in these places can move the price quickly.
- The US dollar. Palladium is priced in USD. A stronger or weaker dollar changes the price for buyers in other currencies.
- Recycling. Palladium recovered from old catalysts adds to supply.
For a wider view of these drivers, see fundamental analysis and the metals overview.
Volatility and thin liquidity
Palladium trades on a much smaller market than gold or silver. This has practical effects:
- Large price swings. The price can move sharply in a single session, often more than gold.
- Wider spreads. The spread is the gap between the bid and ask price. On a thin market it is usually wider than on major forex pairs or XAUUSD, and it can widen further during news or quiet hours.
- Gaps and slippage. The price can jump past your stop-loss level. Your order may then close at a worse price than you set.
To compare palladium with related metals, see XPTUSD platinum and XAUUSD gold.
XPDUSD contract details to check
Exness has not published a palladium specification that we could confirm. Open the XPDUSD specification in MT4, MT5 or the Exness platform and note these details:
- Contract size (how many ounces one lot covers)
- Minimum and maximum volume
- Pip size and digits
- Margin requirement and any higher margin requirements around news
- Swap rates and the day the triple swap is charged
- Trading hours (Exness servers run on UTC+0)
General account limits from Exness: minimum lot 0.01 lot on most instruments, maximum number of positions unlimited. Individual instruments can differ, so the palladium specification decides.
Pip value and margin
A pip is the smallest standard price step for an instrument. Pip value is how much money a pip move is worth at your position size. Margin is the money set aside to keep a position open. It depends on contract size, price and leverage.
Enter the contract size and pip size from the platform specification into the calculators below.
Fill in the empty fields to see the result.
Fill in the empty fields to see the result.
High leverage lowers the margin needed but does not lower the risk. A small move against you can use up your free margin. Read more in risk management and on the calculators page.
Trading costs by account type
The costs come from the spread, any commission and swaps (overnight charges).
| Account | Commission | Margin call / stop out |
|---|---|---|
| Standard | No commission | 60% / 0% |
| Pro | No commission | 30% / 0% |
| Raw Spread | Up to 3.50 USD each side per lot | 30% / 0% |
| Zero | From 0.05 USD each side per lot | 30% / 0% |
The "from" spreads that Exness advertises for these accounts apply to the instruments with the tightest pricing. They are not palladium spreads. Commission on Raw Spread and Zero also varies by instrument.
On swaps: clients registered from Pakistan receive swap-free status automatically, according to Exness. This status can change based on trading activity. Check the XPDUSD swap in the platform and read our swap fees and Islamic finance pages.
Risk and the legal position in Pakistan
Leveraged CFD trading can lose money fast. Palladium's price swings and thin market make this risk higher. Exness states that a stop out that would leave a negative balance is reset: balance reset to 0 after stop out. You can still lose your whole deposit.
Before trading, know the local rules:
- On remittances, per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)).
- On offshore platforms, per the SECP, offshore forex/CFD platforms operate without regulatory approval in Pakistan, and per the SECP, offshore platforms have no Pakistani licence or oversight and offer no legal protection or recourse.
See law and regulators for details. A demo account lets you study how XPDUSD moves without real money.
Ready to try it on a real or demo account?
Partner link · trading carries a high risk of loss
Frequent questions
What does XPDUSD mean?
It is palladium (XPD) priced in US dollars (USD) per troy ounce. At a broker it is traded as a CFD.
Why is palladium more volatile than gold?
Its market is smaller and supply comes from a few countries. Demand depends heavily on the car industry, so news can move the price sharply.
Where do I find the XPDUSD contract size and margin?
In the instrument specification in MT4, MT5 or the Exness platform. Enter those values into the pip and margin calculators on this page.
Is there a swap on XPDUSD?
Swap rules depend on your account status and on the instrument. Check the swap value in the platform specification.
Can I practise palladium trading first?
Yes, if the instrument is available on demo. The MT5 demo uses virtual funds, so you can test position sizes without risking money.
