Trading Nickel for 2020

We found 11 online brokers that are appropriate for Trading Trading Nickel.

Nickel broker Guide

Trading Nickel

What is Nickel?

Nickel is a solid, shiny, silvery white metal element that is strong, ductile, magnetic, and resistant to corrosion. It also has a high melting point and catalytic properties. The earliest reference to the nickel dates back to Chinese writing in 1500 BC.

History of Nickel

However, it was only in 1751 that the Swedish chemist Baron Axel Fredrik Cronstedt officially isolated and named the element.

In the late 1800s, iron and steel producers discovered that they could strengthen traditional steel by making alloys with nickel.

The discovery of new ore deposits in the early 20th century combined with strong demand for steel during World War I and World War II led to the modern nickel production industry.

To understand how nickel gets its name, you must go back to the era when precious metals came to power.

In the 1850s, coins of real value were made of gold and silver. If there is a financial crisis or worse, the collapse of government, precious metal coins can always be melted down. They have intrinsic value.

But in the spring of 1861, the southern states began to separate, and Abraham Lincoln was appointed President.

Immediately the shells fell at Fort Sumter in Charleston, South Carolina. America is in crisis, and so is its currency. Widespread anxiety causes important side effects of war. People began to hoard hard money, especially silver and gold.

Nickel as a Currency

The coin seems to disappear overnight, and the U.S. Mint can't keep up with requests.

The United States literally does not have the resources in gold and silver to make enough money to meet the needs of the country.

Even the penny disappeared. In the South, this problem is even worse. Limited supply of gold and silver is needed to buy supplies from abroad, which means the Confederacy relies almost exclusively on paper currencies.

Printing new coins may not seem a priority in wartime. But without coins, transactions in daily life such as buying bread, selling goods, sending letters become almost impossible.

One Philadelphia newspaper reported that the local economy slowed to a crawl in 1863, arguing that some shop owners had to cut their prices around one to four cents on each transaction or refuse to sell products directly because they couldn't get money.

Nickel and the Economy

In this economic vacuum the United States tried a series of monetary experiments. In 1861, the government began paying Union soldiers with Demand Notes which are also known as greenbacks.

Meanwhile, stamps are declared as legal tenders for small purchases. The round metal case was developed to keep it intact.

It looked like a coin with a window above it. During the war, the American economy experienced a variety of competing currencies. Even banks and private businesses issue their own banknotes and coins.

The shop owner can give coins, stamps, or bills as change. The war finally ended in 1865, but it took months for the precious metal to flow back into circulation.

The protective nickel was produced until 1883, when it was replaced due to production problems by the Liberty Head nickel.

The next decade followed a succession of new designs, starting in 1913 with Buffalo nickel and followed in 1938 by early Jefferson nickel. Ironically, during World War II, nickel was very important for war production so that nickel was produced without nickel. The most recent update, in 2006, revised Jefferson's image from the profile into a frontal portrait.

In the 20th century, another shift cemented nickel as the world's most needed coin: the rise of coin-operated machinery.

Nickel Uses

Nickel is an ideal denomination for vending machines, jukeboxes, and slot machines. Nickel has been a full circle since their roots in the lack of gold and silver from the Civil War.

One hundred and fifty years ago, coins made of nickel looked comfortable because they were made of cheap metal.

Today, the prices of nickel and copper are high, and our beloved 5 cent coins cost around 8 cents.

Nickel Supply

Nickel supply comes from two sources, primary production (mining) and secondary production (recycling).

Mining provides the majority of supply, although the United States Geological Survey (USGS) estimates the amount recovered from recycling in the United States represents 43% of total consumption.

Very little nickel is recycled to the state of the original element. Conversely, used products are often recycled into economically valuable materials containing nickel.

For example, it is generally not economically feasible to extract nickel from used stainless steel products. However, recycling this product enables producers to make new stainless steel products that contain nickel.

Philippine is one of the largest nickel mining countries in the world. However, none of the countries dominates in metal production. Mining takes place in various regions and countries.

Nickel Markets and COVID-19

With the COVID-19 pandemic entering its third month, although locked steps are loosened in a number of European countries, S&P Global Economics has reduced its forecast for global GDP growth in 2020 to a contraction of 2.4%, compared to March's estimate of 0.4% increase.

This darker prospect is mainly driven by locking actions in many countries which have been extended beyond the proposed settlement date. This is expected to encourage the resumption of global recovery.

As more countries emerge from their lockouts, demand is expected to grow at the rate at which the national economy can rebound.

Nickel Markets Outlook

April ended with all base metals well below their prices at the beginning of the year, as the pandemic continued to disrupt global demand.

Iron ore, lead, nickel and lithium carbonate all fell between 8% and 14%. However, some positive things can be taken, because copper, zinc and nickel all end in April with price increases during the end of March.

Supported by S&P Global Economics further reducing its expectations for global GDP growth in 2020, the forecast for the 2020 primary nickel market surplus to 48,000 tons from the previous 11,000 tons, which will be the market's first surplus since 2015.

Therefore further cut the LME 2020 average by three-month nickel price was US $ 11,915/t from US $ 12,036/t, down 14.7% from the previous year.

We've collected thousands of datapoints and written a guide to help you find the best Trading Nickel for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best trading nickel below. You can go straight to the broker list here.

Reputable Nickel broker Checklist

There are a number of important factors to consider when picking an online Trading Nickel trading brokerage.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Trading Nickel.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Trading Nickel of 2020 compared

Here are the top Trading Nickel.

Compare Trading Nickel min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are trading nickel. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more trading nickel that accept trading nickel clients

Broker eToro IC Markets Roboforex XTB City Index Plus500 Pepperstone XM EasyMarkets ThinkMarkets HY Markets
Rating
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048
Min Deposit 200 200 1 No minimum deposit 25 100 200 5 100 250 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 12,000,000+ 60,000+ 10,000+ 200,000+ 14,000+ 15,500+ 10,000+ 70,000+ 142,500+ 10,000+ 10,000+
Benefits
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
Accounts
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps MT4, Mac, Web Trader, Tablet & Mobile apps MT4, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
etoro
Sign Up with
icmarkets
Sign Up with
roboforex
Sign Up with
xtb
Sign Up with
cityindex
Sign Up with
plus500
Sign Up with
pepperstone
Sign Up with
xm
Sign Up with
easymarkets
Sign Up with
thinkmarkets
Sign Up with
hycm
Risk Warning 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits Losses can exceed deposits 79% 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. 74% of retail investor accounts lose money when trading CFDs with this provider 76.4% 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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 Your capital is at risk Your capital is at risk Losses can exceed deposits Losses can exceed deposits
Demo eToro
Demo
IC Markets
Demo
Roboforex
Demo
XTB
Demo
City Index
Demo
Plus500
Demo
Pepperstone
Demo
XM
Demo
easyMarkets
Demo
ThinkMarkets
Demo
HYCM
Demo
Excluded Countries IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA US, JP US, IN, PK, BD, NG , ID, BE US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE BR, KR, IR, IQ, SY, JP, US US, CA, IL, KR, IR, MM, CU, SD, SY US AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW US

All Trading nickel in more detail

You can compare Trading Nickel ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Trading Nickel for 2020 article further below. You can see it now by clicking here

We have listed top Trading nickel below.

Nickel broker List

eToro
(4/5)
Min deposit : 200
eToro was established in 2006 and is used by over 12000000+ traders. 75% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 60000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 200000+ traders. 79% 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. XTB offers Forex, CFDs, Cryptocurrency

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego
City Index
(4/5)
Min deposit : 25
City Index was established in 1983 and is used by over 14000+ traders. 74% of retail investor accounts lose money when trading CFDs with this provider City Index offers Forex, CFDs, Spread Betting

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 15500+ traders. 76.4% 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. Plus500 offers CFDs


Plus500 offer a 100% Free and Unlimited Demo account 0 Commissions Tight Spreads

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 10000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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 Pepperstone offers Forex, CFDs, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 70000+ traders. Your capital is at risk XM offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
ThinkMarkets
(4/5)
Min deposit : 250
ThinkMarkets was established in 2010 and is used by over 10000+ traders. Losses can exceed deposits ThinkMarkets offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
HY Markets
(4/5)
Min deposit : 100
HYCM was established in 1977 and is used by over 10000+ traders. Losses can exceed deposits HYCM offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048