Best Nickel Brokers 2025
We test and list top brokers with Nickel trading in 2025.
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1Established in 2008, Exness is a respected broker known for offering over 40 account currencies, a wide choice of CFD instruments, and an intuitive web platform with features like currency converters and trading calculators.
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.5 RoboForex is a registered online broker since 2009 under the IFSC in Belize. Traders can select from five different account types (Prime, ECN, R StocksTrader, ProCent, Pro). These accounts allow trades starting from 0.01 lots and offer spreads beginning from 0 pips. In addition to the original service, RoboForex has expanded its platform by introducing the trading of CFDs and by developing a stock trading platform, including the CopyFX system. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.6 Founded in 1999, Deriv is an innovative broker serving over 2.5 million global clients. The firm offers CFDs, multipliers, and recently, accumulators, along with unique derived products for flexible short-term trading. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.8 Pepperstone, established in Australia in 2010, is a highly-regarded forex and CFD broker serving more than 400,000 international clients. It provides access to over 1,300 instruments through leading trading platforms such as MT4, MT5, cTrader, and TradingView, while keeping fees relatively low and transparent. The company is regulated by known authorities including FCA, ASIC, and CySEC, offering a safe trading environment for all. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.6 Eightcap is an award-winning, FCA-regulated broker with low trading fees. They are highly rated by TradingView’s users, who can trade directly on the platform. UK traders can open a live account with a £100 minimum deposit. Eightcap is a multi-regulated forex and CFD broker founded in Australia in 2009. It is popular with active traders, offering 800+ instruments, tight spreads, and improvements like the TradingView platform, AI-powered financial calendars, and algo trading tools that require no coding experience.
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Safety Comparison
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Mobile Trading Comparison
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Comparison for Beginners
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Comparison for Advanced Traders
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Accounts Comparison
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Detailed Rating Comparison
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Fee and Cost Comparison
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Broker Popularity
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Broker | Popularity |
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Deriv |
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Exness |
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RoboForex |
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Pepperstone |
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Eightcap |
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Why Trade With Exness?
Exness is an excellent choice for active forex traders aiming to reduce costs after lowering spreads, enhancing execution speeds, and offering trading on over 100 currency pairs with more than 40 account currencies.
Pros
- Execution speeds now average under 25ms, providing ideal conditions for short-term traders.
- Exness was the first brokerage to reach monthly trading volumes of $1 trillion and $2 trillion, demonstrating its credibility.
- Competitive spreads for USOIL and BTCUSD in 2024 start from 0 pips, with low commissions from $2 per side.
Cons
- Retail trading services are not available in some areas, such as the US and UK, which limits access compared to leading brokers like Interactive Brokers.
- MetaTrader 4 and 5 are supported, but TradingView and cTrader are not available yet, despite increasing demand from traders and their integration with other platforms like Pepperstone.
- Besides a mediocre blog, educational resources are lacking, especially compared to category leaders like IG, which offer a more comprehensive trading journey for new traders.
Why Trade With RoboForex?
RoboForex offers a broad selection of over 12,000 trading markets along with ECN accounts, impressive charting, and loyalty incentives. It is also advantageous for stock traders due to its intuitive R StocksTrader platform, which provides access to over 3,000 shares, lower fees starting at $0.01, and advanced watchlists.
Pros
- RoboForex won the 'Best Forex Broker 2025' award from DayTrading.com for expanding their FX services, reducing spreads, and increasing availability in multiple countries.
- RoboForex offers more than 12,000 instruments for trading. This includes forex, stocks, indices, ETFs, commodities, and futures. Comparatively, this surpasses the trading opportunities available from most online brokers.
- RoboForex offers tight spreads starting at 0 pips and low minimum deposits from $10, making it affordable. Trading with micro lots additionally reduces entry barriers for new traders.
Cons
- RoboForex offers many account types which, although flexible, can be daunting for new traders to select the most appropriate for their trading preferences. Other platforms like eToro simplify the process with a single retail account option.
- RoboForex, despite having many platforms, does not yet support the commonly used cTrader. This can dissuade traders who favor this platform for trading, which is accessible with firms such as Fusion Markets.
- RoboForex now only allows USD and EUR as base currencies. This could lead to conversion fees and inconvenience for traders who prefer managing their accounts in other currencies.
Why Trade With Deriv?
Deriv is perfect for active traders looking for unique methods to engage with global financial markets. It offers multipliers, accumulator options, and exclusive synthetic indices that simulate real market movements and are accessible 24/7, ensuring continuous trading opportunities outside regular market hours.
Pros
- After incorporating TradingView and MT5 web trader, Deriv now provides top-quality charting tools across desktop, web, and mobile.
- Despite slower response times compared to other options, Deriv provides 24/7 support and is one of the few brokers that offer assistance via WhatsApp.
- Account funding is simple with a low minimum deposit of $5 and many payment options, including Tether, added in 2023.
Cons
- Leverage up to 1:1000 attracts traders with high risk tolerance, but it's disappointing that leverage can't be adjusted in the account settings.
- Besides the MFSA in the EU, Deriv does not have high-level regulatory credentials, which decreases protections such as access to investor compensation.
- Though there’s a basic blog, there is limited technical analysis or market reports available to assist traders in spotting potential opportunities.
Why Trade With Pepperstone?
Pepperstone is a leading choice for trading with low spreads, quick execution, and advanced charting for experienced traders. New traders benefit from no minimum deposit, a wealth of educational resources, and 24/7 support. Operating under ASIC regulation, Pepperstone is a top option for Australian traders and won DayTrading.com's 'Best Aus Broker' award for 2025.
Pros
- Pepperstone provides impressive transaction completion speeds, averaging about 30ms. This allows for quick order processing and execution, making it suitable for traders.
- Support for numerous top-charting platforms such as MT4, MT5, TradingView, and cTrader. These cater to different short-term trading styles, including algorithmic trading.
- Pepperstone has won several annual DayTrading.com awards, including 'Best Overall Broker' in 2025 and 'Best Forex Broker' runner-up in 2025.
Cons
- Despite market improvements, the crypto options provided are fewer compared to other brokers like eToro, with no chance to buy actual coins.
- Pepperstone's demo accounts last for 30 days. This might be insufficient for learning the various platforms and testing trading strategies.
- Pepperstone does not support cTrader Copy, a popular feature in the cTrader platform available at alternatives like IC Markets, though it has launched an intuitive copy trading app.
Why Trade With Eightcap?
Eightcap provides all necessary resources for traders, including an expanding array of charting platforms, educational programs in Labs, and the integration of AI-powered tools. With the addition of more than 120 cryptocurrency Contracts for Difference (CFDs), it has established itself as a preferred option for crypto trading. It has received our 'Best Crypto Broker' award consecutively for two years.
Pros
- In 2021, Eightcap expanded its offerings to include a wide range of cryptocurrency CFDs. They now offer pairs of cryptocurrency to fiat currency, cryptocurrency to cryptocurrency, along with cryptocurrency indices for more comprehensive market exposure.
- Eightcap excelled in key areas for traders, surpassing all competitors to win our 'Best Overall Broker' award for 2024, and securing the 'Best Crypto Broker' and 'Best TradingView Broker' titles for 2025.
- Eightcap offers a range of robust trading tools and resources, like MT4, MT5, the advanced algorithmic platform Capitalise.ai, and the 100-million user social trading network TradingView.
Cons
- While Eightcap's Labs offers a valuable collection of educational guides and e-books, it still falls behind IG's extensive resources for traders, including the IG Academy app and 18 different course categories.
- Eightcap does not provide popular tools like Autochartist or Trading Central. These tools are known for their advanced charting analytics, live news, and market insights for traders.
- The demo account expires in 30 days and can only be renewed if requested. This is less convenient compared to XM, which offers an unlimited demo mode.
Filters
Understanding Nickel and Its Market
Nickel is a very useful metal found in many things, from protecting metal from rust to playing a role in making batteries and medical devices. As green technologies, like electric cars and wind turbines, become more popular, many believe there’s a bright future for nickel trading. We’ll simplify how you can trade nickel, analyze its market, and choose the best brokers.
Nickel Trading Basics
Nickel is a key player in multiple industries, making it a favorite for traders. It could become even more popular if more people start driving electric cars. However, nickel trading has seen its ups and downs, with wild price swings at times. Much of the world’s nickel comes from just a few countries, and any issues with these sources can cause big changes in prices, as seen in 2022 when prices surged due to geopolitical tensions.
How To Trade Nickel
There are several ways to trade or invest in nickel beyond just buying physical nickel. Here are some common methods:
- You can buy shares in companies that mine or process nickel, like Norilsk Nickel or Glencore.
- Nickel futures involve agreements to buy nickel at a set price in the future and are common on the London Metal Exchange, though they might be tricky for beginners.
- Nickel options let you buy or sell a contract later for a small fee, giving more flexibility than futures.
- ETFs (Exchange-Traded Funds) invest in a collection of commodities or stocks, including those related to nickel.
CFDs & Spread Betting
For many traders, using online platforms to place bets on nickel’s price movements, like through CFDs (Contracts for Difference) or spread betting, is preferable. These allow traders to profit from price changes without owning nickel. Spread betting also offers tax benefits in some countries like the UK.
What Affects Nickel Prices?
Nickel’s price can be influenced by various factors:
Supply And Demand
Prices usually rise when demand is high, such as during economic booms, or when supply is threatened. Alternatively, prices fall if the economy is sluggish or there’s an oversupply. Keeping track of global supplies, especially from major players like China, is essential.
Stainless Steel Demand
Since nickel is crucial for some stainless steel types, demand here impacts prices.
Technologies
New technologies like electric vehicles or wind farms, which require nickel, can drive its demand up, affecting prices.
Geopolitics & News Events
Major nickel producers include Indonesia, the Philippines, and Russia. Any disturbances affecting their production, like political or natural events, can shift prices.
China
China, as the biggest consumer of nickel, greatly impacts its market. Strong Chinese demand typically boosts prices.
Trading Hours
Nickel trading hours vary by broker, but the London Metal Exchange is a primary hub. Its trading hours are:
- LME Select – 01:00–19:00 (GMT)
- Ring Trading – 11:40–17:00 (GMT)
Comparing Nickel Brokers
When choosing a broker, consider:
- Fees: Look for brokers with low fees and transparent costs.
- Security: Reliability and regulation are essential.
- Asset Range: A wider range offers flexibility.
- Customer Support: Helpful support is crucial for troubleshooting.
- Demo Accounts: Offering practice before investing real money.
- Additional Features: Tools like trading signals or robots can aid those with less time.
Noteworthy brokers include:
- CMC Markets: Specializes in CFDs with low spreads.
- IG: Known for its spread betting and broad asset range.
- XTB: Offers a wide platform with over 2100 assets including nickel.
Nickel Trading Strategy
Your strategy will depend on your method and timeline. Strong economic understanding is crucial, as global events can rapidly influence nickel prices. Being aware of major producer-related incidents or economic changes can inform your trades.
Utilize trading platforms like TradingView to monitor nickel price trends and make informed decisions based on technical indicators and economic news.
Final Word On Trading Nickel
While nickel might not be as flashy as gold, it’s important economically and can be an exciting trading opportunity due to its market importance. However, its prices can change rapidly due to various factors, so staying informed is key.
FAQs
Why Did Nickel Trading Halt In 2022?
Chaos erupted when nickel prices soared after Russia’s invasion of Ukraine, forcing traders to exit short positions and inflating prices further, causing the London Metal Exchange to pause trading to stabilize the market.
How Can I Trade Nickel Today?
Find a broker with good terms and test your strategies using a demo account.
What Is Nickel’s Current Price?
Check platforms like TradingView or the LME website for the latest nickel prices and information.
How Do You Buy Nickel Shares?
Buy shares from major mining companies like Norilsk Nickel through brokers, or invest in related ETFs.
What Indicators Should Assist Nickel Trading?
Monitor technical indicators like moving averages and RSIs. Stay updated on geopolitical and economic news for best results.
When Is Nickel Trading Available?
Nickel is tradable weekdays, with Western markets resuming normal operations following interruptions due to geopolitical events.