| Updated: November 5, 2025Our team of expert traders tested several regulated and trustworthy platinum trading brokers and compiled a top list of the best among them. Every platform allowing CFDs on platinum received a quality score based on several factors, including Trustpilot rating, regulation, fees and commissions, available trading platforms, customer service, and more.
Plus500 USThis content applies only to Plus500 US and clients from the United States. Trading futures involves the risk of loss.- eToro61% of retail investor accounts lose money
- Fusion Markets74-89% of retail's CFD accounts lose money
- FP Markets73.85% of retail investor accounts lose money
- Global Prime74-89% of retail CFD accounts lose money
- Pepperstone75.5% of retail investor accounts lose money
Platinum trading brokers
One of the most challenging decisions traders need to make is choosing the right online broker. With a long and constantly growing list of platinum trading brokers, finding a reliable platform that offers competitive pricing and the features traders are looking for may be somewhat daunting. To make things easier, we thoroughly assessed all the essential features that premium-quality platinum trading platforms should offer.
TRADE NOWREAD REVIEWRegulatorsPlatformsMetaTrader 4, MetaTrader 5, Proprietary Mobile, Proprietary Web1. PepperstoneMin Deposit$0FeesN/ADeposit Methods
Commissions- USD 0.04 per 0.01 lots for MT5 Razor accounts and MT4 Razor accounts
- cTrader commissions are charged as $6 USD round-turn
SpreadEUR/USD: AVG 1.1 pips, GBP/USD: AVG 1.3 pips, USDJPY: AVG 1.3 pipsWithdrawal Methods Leverage EU1:500 (CySEC | Pro Account), 1:30 (CySEC | Retail Account), 1:30 (FCA | Retail Account)Leverage non-EU1:500 (SCB | Pro Account), 1:30 (ASIC | Retail Account), 1:30 (DFSA | Retail Account), 1:200 (SCB | Retail Account)InstrumentsCommodities CFDs, Crypto CFDs, Energy CFDs, Forex CFDs, Indices CFDs, Metals CFDs, Stock CFDsCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.9% 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.Offering a bevy of trading platforms and competitive spreads, Pepperstone is another broker that facilitates platinum trading. It stands out as a full-featured trading portal where you can gain exposure to forex, indices, shares, ETFs, cryptocurrencies, currency indices, and other commodities. You can trade platinum, palladium, copper, gold, and silver, as well as soft commodities and energies.
To start trading platinum or any other commodity, traders must first fund their accounts with at least $200. Funding and withdrawal methods include Mastercard, Visa, and bank transfers, all of which enable traders to move funds to and from Pepperstone securely, safely, and without fuss.
To ensure that its services meet the needs of both novice and seasoned traders, the broker offers Standard and Razor accounts. Pepperstone has ensured that its users can trade platinum or access any market they prefer anytime, anywhere, as its platforms are available on Mac and Windows computers as well as iOS- and Android-powered devices.
MetaTrader 4, MetaTrader 5, and cTrader provide quick access to all 150 instruments, customizable charting, indicators, historical data, advanced take-profit/stop-loss settings, and detachable charts for multiple monitors, among other features.
Since its founding in 2010, Pepperstone has evolved into a top-tier broker in the online trading arena. Traders trust it because it is authorized and regulated by the Cyprus Securities and Exchange Commission.
- TRADE NOWREAD REVIEWRegulatorsCIRO (Canada), CySEC (Cyprus, # 347/17), FRSA (United Arab Emirates, # 190018), FFAJ (Japan, # 1574), FSCA (South Africa, # 45984), FSRA (Canada, # 190018), ISA (Israel, # 514666577), JFSA (Japan, # 1662), ASIC (Australia, # 406684), BVIFSC (Virgin Islands, British, # SIBA/L/13/1049), CBI (Ireland, # C53877)PlatformsAvaOptions, DupliTrade, AvaSocial, MetaTrader 4, MetaTrader 5, AvaTadeGO, Proprietary Web, ZuluTrade2. AvaTradeMin Deposit$100Fees
- $50 inactivity fee
- $100 administration fee
- No deposit and withdrawal fees
Deposit Methods CommissionsDoes not charge a commissionSpreadEUR/USD: AVG 0.8 pips, GBP/USD: AVG 1.2 pips, USDJPY: AVG 1.3 pipsWithdrawal Methods Leverage EU1:10Leverage non-EU1:400 (Pro Account), 1:30 (Standard Account)InstrumentsBonds CFDs, Commodities CFDs, Crypto CFDs, Crypto Options, Energy CFDs, ETF CFDs, Forex CFDs, Forex Options, Index Options, Indices CFDs, Metals CFDs, Share CFDs, Stock CFDs, Stock Options, US Stock OptionsCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.AvaTrade is a heavily regulated and licensed online broker that began operating in 2006. While using the broker’s services, traders can be confident that it is well-established and reliable, as proven by its licenses. AvaTrade is authorized by the Cyprus Securities and Exchange Commission, the Australian Securities and Investments Commission, the Financial Services Agency, and the Financial Regulatory Services Authority, to name a few. The website is available in more than 20 languages, which further demonstrates the broker’s commitment to expanding its footprint.
AvaTrade has gathered all the instruments traders might be interested in into one place, offering cryptocurrencies, indices, forex, and commodities. If traders want to diversify their portfolios by trading precious metals, they can choose among silver, gold, platinum, palladium, and copper. At AvaTrade, you can place larger trades with leverage of 1:10 and trade in whichever direction the market moves, anytime and anywhere, using the intuitive dedicated app.
The broker continues to expand its offerings, and to provide its users with an enhanced trading experience, AvaTrade relies on cutting-edge technology and innovative trading types. As an AvaTrade client, you will have access to several automated and manual trading platforms.
The educational section is extensive, and complete novices to platinum trading are sure to find plenty of useful resources, including videos that explain the principles of commodities trading. If any questions arise during their session, traders can contact customer support via email, by phone, or through live chat.
- TRADE NOWREAD REVIEWRegulatorsCONSOB (Italy, # 211), FCA (United Kingdom, # 434413), SCB (Bahamas, # 199667 B), CMVM (Portugal, # 433), FSCM (Mauritius, # GB24203277), CVM (Brazil, # 43050.917/0001-03)PlatformsMetaTrader 4, MetaTrader 5, Proprietary Web, TradingView3. ActivTradesMin Deposit$0Fees
- 0.5% on deposits (EU/EEA cards)
- 1.5% on deposits (non EU/EEA cards)
- $12.50 for bank transfer withdrawals in USD
- £9 for bank transfers in GBP (SCB and FSC entities only)
- A $10 inactivity fee after 50 weeks
Deposit Methods CommissionsNo commissionSpreadEUR/USD: AVG 0.5 pips, GBP/USD: AVG 0.8 pips, USDJPY: AVG 0.5 pipsWithdrawal Methods Leverage EU1:10 (1:20 for Gold)Leverage non-EU1:400 (CMVM | Pro Account), 1:30 (CMVM | Retail Account), 1:1000 (FSC), 1:200 (SCB)InstrumentsBonds CFDs, Commodities CFDs, Crypto CFDs, ETF CFDs, Forex CFDs, Indices CFDs, Share CFDsCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.ActivTrades customers enjoy the benefits of trading with a properly licensed, award-winning broker that quotes competitive spreads on more than 1,100 financial instruments, including over 20 commodity markets. Customers can hedge against market drawdowns by speculating on the price movements of soft commodities such as wheat and sugar, as well as precious metals like gold, silver, platinum, and palladium. Platinum, in particular, features target spreads of 3.50 points, with zero commissions when opening or closing trades.
The broker allows traders to open positions as small as 0.01 lots, with a maximum of 10 lots for XPT/USD. Platinum traders can access leverage of up to 1:40, or 1:100 through the broker’s offshore entities. Those registering from Europe or the UK can leverage up to 1:10, although higher ratios are available to professional clients. Security is not a concern, as ActivTrades provides segregated client accounts, negative balance protection, and investor compensation to all customers.
The broker boasts a diverse selection of trading platforms, including MT5, MT4, TradingView, and ActivTrader. The proprietary platform is very user-friendly and easy to navigate, and it requires no additional software to download. The broker caters to its multinational client base with customer support in 14 languages and accepts deposits of any size, imposing no minimum deposit requirements. Various funding options are available, including debit and credit cards, e-wallets, bank transfers, and cryptocurrencies.
- 4. IQ OptionMin Deposit€20Fees
- Deposits and withdrawals are fee-free
- €10 inactivity fee
CommissionsA fee of 2.9% of the transaction for opening cryptocurrency long positionSpread0.036%Leverage EU1:20Leverage non-EUN/ACFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% 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.IQ Option is a platinum trading broker that has successfully adapted to the constantly changing online brokerage landscape, and its growing number of users proves it. Since its foundation in 2013, IQ Option has not slowed its pace, and in 2020 its services reached a pan-European level by accommodating users from more than 30 countries.
IQ Option offers a product roster that is sure to meet the requirements of all traders, no matter their experience level or goals. Stocks, ETFs, cryptocurrencies, and commodities are all accessible on the simple and secure trading platform in the form of CFDs. Traders will also be glad to know that when they join the IQ Option community, they can use a demo account funded with €10,000.
To ensure its users enjoy a premium trading experience, the broker introduced a quick cash-out system in 2016, enabling withdrawals to be processed in the blink of an eye. Deposits are equally hassle-free and near-instant, with funding options such as WebMoney, Skrill, Maestro, Mastercard, Visa, and Neteller.
Around-the-clock customer support is another noteworthy feature, and traders are sure to get the information they need, with assistance available in 22 languages.
- TRADE NOWREAD REVIEWRegulatorsCFTC (United States, # 0516820), CySEC (Cyprus, # 120/10), DFSA (United Arab Emirates, # F003484), FSCA (South Africa, # 49976), IFSC (Belize, # 000261/27), FSCM (Mauritius, # GB23202700)PlatformsMetaTrader 4, MetaTrader 4 MultiTerminal, MetaTrader 5, Proprietary Mobile, Proprietary Web5. XM GroupMin Deposit$5FeesNo deposit or withdrawal feesDeposit Methods Commissions$7 for $100,000 when zero account holders open or close a position. The commission is based on the volume tradedSpreadEUR/USD: AVG 1.2 pips, GBP/USD: AVG 1.5 pips, USDJPY: AVG 1.4 pipsWithdrawal Methods Leverage EU1:30 (CySEC | Retail Account)Leverage non-EU1:1000 (IFSC | Retail Account)InstrumentsBonds CFDs, Commodities CFDs, Crypto CFDs, Energy CFDs, ETF CFDs, Forex CFDs, Forex Options, Index Options, Indices CFDs, Metals CFDs, Share CFDs, Stock CFDs, Stock Options, US Stock OptionsRisk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.89% 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. Please consider our Risk Disclosure.
There is a reason why more than 5 million people have chosen XM for their trading experience, and this globally renowned broker is undoubtedly worth considering if you prefer trading platinum.
By joining the XM community, traders not only gain access to Forex and CFD trading, but they also benefit from free daily technical analysis, daily Forex trading signals, unlimited video tutorials, and a personal account manager, among other advantages. The broker excels in the variety of instruments available; options such as Forex, stocks, equity indices, shares, energies, and commodities are all within reach.
When it comes to the precious metals market, traders can choose platinum, palladium, silver, gold, and more. XM users can access their preferred global markets in no time and on any device through the MT4 and MT5 trading platforms.
The broker makes trading easier and more efficient by allowing users to access every instrument through the same account and a single multi-asset platform. XM prioritizes ease of use and convenience, and all of its systems are built and updated with a customer-first approach. At XM, the client comes first. To ensure that traders receive services tailored to their needs, the broker offers three account types: Micro, Standard, and Zero.
With XM, traders can be fully confident that there are no hidden terms and that they are using a trustworthy broker that is fully licensed and regulated.
- 6. FBSMin DepositCent accounts: $10; AU$50 (ASIC accounts)FeesDeposits and withdrawals are fee-freeDeposit Methods Commissions
- 0.7 for US stocks when opening an order
- A commission is also charged when trading cryptocurrencies
SpreadEUR/USD: AVG 0.7 pips, GBP/USD: AVG 1.2 pips, USDJPY: AVG 1.3 pipsWithdrawal Methods Leverage EU1:30 (CySEC)Leverage non-EU1:30 (ASIC), 1:3000 (FSC), 1:500 (Pro Account), 1:30 (Retail Account)InstrumentsEnergy CFDs, Forex CFDs, Indices CFDs, Metals CFDs, Share CFDsRisk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.5% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider. You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.FBS is a broker that caters to an international user base and wins the hearts of traders with its premium trading conditions. FBS is a reliable and secure broker, and the fact that its user base is already well above 17,000,000 proves beyond doubt that the services it offers are up to standard.
The broker was established in 2009, and today its users can access some of the most popular markets, including energies, forex, cryptocurrencies, stocks, and metals such as platinum. To meet the needs of all its clients, the broker offers multiple account types – cent, micro, standard, zero spread, ECN, and crypto – each with different spreads, minimum deposit amounts, maximum leverage, order volumes, and more.
As an FBS user, you will benefit from cutting-edge trading tools and features that make controlling your account a walk in the park. FBS clients can take advantage of several convenient, reliable, and functional trading platforms, including MetaTrader 4, MetaTrader 5, and the recently added FBS Trader. The latter is an all-in-one trading app that lets traders keep some of the world’s most preferred instruments in the palm of their hand. It offers easy account management, real-time stats, and top trading instruments that platinum traders can enjoy anytime and anywhere.
There are many reasons why FBS is a smart choice, and many traders prefer it for trading platinum because of its reliability; the broker is authorized by CySEC.
- TRADE NOWREAD REVIEWRegulatorsCySEC (Cyprus, # 319/17), FCA (United Kingdom, # 793714), SCB (Bahamas, # SIA-F245), ASIC (Australia, # 513393), ESCA (United Arab Emirates, # 20200000176)PlatformsMetaTrader 4, Proprietary Mobile, Proprietary Web, TradingView7. Capital.comMin Deposit$20Fees
- No deposit and withdrawal fees
- No fees for educational materials
- No fees for dynamic charts and indicators
Deposit Methods CommissionsNo commissionSpreadEUR/USD: AVG 0.6 pips, GBP/USD: AVG 1.3 pips, USDJPY: AVG 1 pipsWithdrawal Methods Leverage EU1:30 (CySEC | Retail Account), 1:30 (FCA | Retail Account), 1:300 (CySEC | Pro Account), 1:300 (FCA | Pro Account)Leverage non-EU1:30 (ASIC | Retail Account), 1:200 (SCB | Retail Account)InstrumentsCommodities CFDs, Commodity Futures, Crypto CFDs, Crypto futures, Currency Futures, Forex CFDs, Index Futures, Indices CFDs, Options, Share CFDsCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.45% 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.Capital.com is a broker that aims to make trading smarter than ever and, to achieve this, offers cutting-edge platforms accessible on desktop devices and on the go. Registering for a CFD account gives traders access to more than 6,000 of the world’s most traded commodities, including platinum, as well as indices, stocks, currencies, and cryptocurrencies.
By joining the Capital.com community, traders benefit from lightning-fast execution, free educational videos, deep market analysis, and comprehensive analytical tools. Traders can start trading platinum on the right foot, thanks to a wide variety of technical indicators, price alerts, client sentiment data, and thousands of charts, all within reach.
Trading platinum at Capital.com won’t break the bank, as the broker does not charge extra fees on deposits or withdrawals, for real-time quotes, or for access to dynamic charts and indicators. Traders will also be pleased to learn that the broker does not charge commissions.
Capital.com is worth considering if traders are looking for a broker they can trust, as it is authorized and regulated by the Financial Conduct Authority, the Australian Securities and Investments Commission, the Cyprus Securities and Exchange Commission, and the Financial Services Authority of Seychelles. The broker promises to keep traders’ funds safe, and every deposit is protected by the Investor Compensation Fund. Data-protection measures are also up to par, and traders can be sure that Capital.com complies with PCI Data Security Standards.
- TRADE NOWREAD REVIEWRegulatorsCFTC (United States, # 0509630), DFSA (United Arab Emirates, # F001780), FCA (United Kingdom, # 944492), FFAJ (Japan), FINMA (Switzerland, # IG Bank S.A.), FMA (New Zealand, # 684191), FSCA (South Africa, # 41393), JFSA (Japan, # 9010401051715), MAS (Singapore, # 1489), ASIC (Australia, # 515106), BaFin (Germany, # 148759), BMA (Bermuda, # 54814)PlatformsL2 Dealer, MetaTrader 4, Proprietary Web, ProRealTime, TradingView8. IGMin Deposit$50FeesSGD 25 fee if traders have not used their accounts to deal for 24 months or moreDeposit Methods Commissions
- £3 on UK shares
- No commission on US shares
SpreadEUR/USD: AVG 1.13 pips, EUR/USD: MIN 0.6 pips, GBP/USD: AVG 2.38 pips, GBP/USD: MIN 0.9 pips, USDJPY: AVG 1.8 pips, USDJPY: MIN 0.7 pipsWithdrawal Methods Leverage EU1:222 (BaFin | Pro Account), 1:30 (BaFin | Retail Account), 1:30 (FCA | Retail Account)Leverage non-EU1:30 (ASIC | Retail Account), 1:200 (BMA | Retail Account)InstrumentsBond Futures, Bond Options, Bond Spread Betting, Bonds CFDs, Commodities CFDs, Commodity Futures, Commodity Options, Commodity Spread Betting, Crypto CFDs, Crypto Options, Crypto Spread Betting, Currency Futures, Energy CFDs, Energy Futures, Energy Options, Energy Spread Betting, ETF CFDs, ETF Options, ETF Spread Betting, Forex CFDs, Forex Options, Forex Spread Betting, Index Futures, Index Options, Index Spread Betting, Indices CFDs, Interest Rate Futures, Metal Futures, Metal Options, Metals CFDs, Metals Spread Betting, Share CFDs, Stock CFDs, Stock Options, Stock Spread Betting, US Stock CFDs, US Stock Options, US Stock Spread BettingCFDs are complex instruments. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.IG is a tightly regulated online trading broker, founded in 1974, and is an excellent fit for professional traders as well as those who are taking their first steps. The broker’s long-standing operations speak volumes about the quality of its services. Traders benefit from competitive fees, an extensive catalog, and, most importantly, the assurance that the broker is trustworthy.
When they access the well-organized and navigable website, traders can instantly add funds to their accounts using a credit card, debit card, or bank transfer. Regarding its range of offerings, the broker presents a world of opportunities, allowing traders to choose indices, forex, shares, cryptocurrencies, and commodities. The range of commodities you can trade is indeed wide, and you can select from 27 major markets with no fixed expiries. Platinum, palladium, gold, silver, and copper are just some of the metals IG allows its users to trade.
Traders can choose from a variety of platform options, including the online trading platform, mobile trading platform, and a progressive web app. These platforms are designed to meet the preferences of all traders and to help them achieve their individual trading goals.
The broker places a strong emphasis on research and education, and IG’s academy can undoubtedly help traders enhance their trading success.
- 9. CMC MarketsMin Deposit$0Fees
- £10 or the equivalent of that amount in another currency
- No deposit and withdrawal fees
Deposit Methods Commissions- 0,10% Share CFDs commission for most accepted countries
- 2 cents for unit for the US
SpreadEUR/USD: MIN 0.5 pips, EUR/USD: AVG 0.6 pips, GBP/USD: MIN 0.9 pips, GBP/USD: AVG 1.1 pips, USDJPY: MIN 0.7 pips, USDJPY: AVG 1.3 pipsWithdrawal Methods Leverage EU1:500 (FCA | Pro Account), 1:30 (BaFin | Retail Account), 1:30 (FCA | Retail Account)Leverage non-EU1:500 (ASIC | Pro Account), 1:30 (ASIC | Retail Account), 1:20 (MAS | Retail Account)InstrumentsCommodities CFDs, Crypto CFDs, Energy CFDs, ETF CFDs, Forex CFDs, Indices CFDs, Metals CFDs, Share CFDs, Stock CFDs, US Stock CFDsSpread bets and 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 spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.CMC Markets is a well-established and highly regarded broker that has been an active player in the online trading scene since 1989. It is a well-trusted broker operating under licenses issued by the Financial Conduct Authority, the Federal Financial Supervisory Authority, the Monetary Authority of Singapore, and others.
The broker offers an above-average assortment of products; cryptocurrencies, forex, shares, indices, and commodities are just some of the trading opportunities available to CMC Markets users. If commodity trading is what you prefer, you can choose from metals, energies, treasuries, agriculture, or commodity indices. CMC Markets has you covered regardless of which metal you want to trade, as platinum, copper, palladium, gold, and silver are all available.
Regardless of which of the thousands of instruments traders choose, they can rest assured that they will be offered competitive pricing because the broker is determined to keep spreads, commissions, and margins as low as possible. The broker also allows its users to trade in the way that suits them best, offering both CFDs and countdowns.
The user-friendly proprietary apps and CMC Markets’ Next Generation platform can be easily tailored to meet the needs of traders of all experience levels. The platform provides instant access to multiple sources of market news and analysis and offers unique trading tools such as a pattern-recognition scanner, client-sentiment data, and multiple layouts, among others.
- TRADE NOWREAD REVIEWRegulatorsCMA (Saudi Arabia, # 155), CySEC (Cyprus, # 183/12), DFSA (United Arab Emirates, # F004885), FCA (United Kingdom, # 801701), FSAS (Seychelles, # SD015), SVGFSA (Saint Vincent and the Grenadines, # 22747 IBC 2015), FSCA (South Africa, # 46632), FSCM (Mauritius, # C110008214)PlatformsMetaTrader 4, MetaTrader 5, Proprietary Mobile10. HFMMin Deposit$0 (Zero, Premium, Cent), $5,000 (Premium Pro), €100 (Pro)FeesNo fees are charged on depositsDeposit Methods Commissions
- $0.03 per 1k lot for zero spread accounts
- No commission for premium accounts, HFCopy accounts, and premium pro accounts
SpreadEUR/USD: AVG 1.3 pips, GBP/USD: AVG 2 pips, USDJPY: AVG 2.4 pipsWithdrawal Methods Leverage EU1:400 (FCA | Premium Pro), 1:30 (FCA | Retail Account)Leverage non-EU1:2000 (FSCA), 1:2000 (SVGFSA)InstrumentsCommodities CFDs, Crypto CFDs, Forex CFDs, Indices CFDs, Metals CFDs, Share CFDsRisk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.24% of retail investor accounts lose money when trading CFDs with HF Markets (Europe) Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read the full Risk Disclosure.HF Markets was established in 2010 with the ambitious goal of attracting traders from around the globe, and it appears the company has succeeded, as the number of live accounts opened is now well above 3,500,000. HF Markets is an award-winning broker that aims to provide its users with the best possible trading conditions, and, to guarantee their satisfaction, offers a choice of several account types.
HF Markets is an obvious choice for platinum trading because the broker allows scalping and hedging, provides spreads that start from 0.1, and delivers transparent, dedicated customer support available in 27 languages. The range of trading instruments is by no means limited, and HF Markets accommodates traders who are interested in energies, metals, indices, stocks, Forex, bonds, ETFs, commodities, and physical stocks.
By opting for metals trading, traders can diversify their portfolios and benefit from low spreads, convenient trading hours, and risk-management tools. Those who want to trade on the dynamic precious metals market can go for platinum, palladium, silver, and gold. The available trading tools are top-tier; HF Markets users can execute trades with the one-click trading feature, access educational materials and analysis, and take advantage of auto-transfer, a trading calculator, and an economic calendar.
HF Markets is a highly regulated Forex and CFD broker authorized by the FCA, DFSA, FSC, and the FSA. Traders have no reason to worry about the safety of their funds, as the broker provides a market-leading insurance program, partners with several major global banks, and offers negative balance protection, among other safeguards.
Platinum is a white-coloured, dense precious metal that was officially discovered in the 18th century. Today, manufacturers widely use it in jewellery, catalytic converters, and electronics. The metal is also used in dentistry, electrodes, laboratory equipment, and thermometers, among others. Like other precious metals, platinum is highly unreactive, and compared with gold it finds more applications because it is more durable and denser.
The silver-white metal is among the most valuable elements and is one of the highest-priced metals worldwide. In 2021, the total mine production of platinum amounted to approximately 180 metric tonnes, while figures show that global demand for the malleable, dense, silver-white metal was 7.38 million ounces. For comparison, in 2021 the worldwide gold production was 3,000 metric tonnes, while the estimated global production of silver was 24,000 metric tonnes.
Much like palladium, the price of platinum rises during periods of economic growth and stability and tends to decline in times of uncertainty. Figures show that, following the global financial crisis of 2007-2008, metals such as silver, gold, and palladium performed much better than platinum.
Platinum is categorised as a precious, rather than a base, metal, and these days an increasing number of people choose to invest in it. Given how appealing platinum trading has become, it is hardly surprising that the number of brokers offering such opportunities is rapidly increasing.
How platinum trading works for traders and brokers
There are several ways to trade platinum, and you should consider a range of factors when selecting the instrument you intend to use.
- Platinum coins and bars – purchasing platinum coins and bars is a way to invest directly in the metal. However, they must be stored and insured.
- ETFs – exchange-traded funds (ETFs) offer traders the chance to gain exposure to precious metals such as platinum, silver, gold, and palladium. Like stocks, these instruments are traded as shares. Some of the most popular platinum ETFs include Physical Platinum Shares, Spot Physical Platinum and Palladium Trust, and Physical Precious Metals Basket Shares.
- Platinum mining company shares – plenty of publicly traded companies have exposure to platinum prices and, best of all, most of them are also involved with other precious metals.
- Platinum futures – futures contracts are the derivatives with the longest history compared with all other exchange-traded products. When trading futures, traders buy contracts linked to the platinum price, often using leverage. Traders should bear in mind that, when investing in the futures market, they must actively maintain their positions and, if prices fall, post additional margin. Futures contracts have an expiry date, and each month traders must decide whether to accept delivery or roll them forward.
- Platinum options – these also have an expiry date, but for the option to be profitable the platinum price must reach a predetermined level before that date. Traders will benefit from options only if they correctly anticipate both the direction and the magnitude of the price movement.
- Platinum CFDs – when trading CFDs, traders try to profit from upward and downward price movements while using the additional leverage these contracts provide. Traders should remember that their financial exposure can ultimately exceed the amount they have deposited.
By choosing platinum CFDs, traders gain exposure to the metal’s price without managing options or futures or physically purchasing the asset and finding secure storage.
Causes for the price movement of platinum
Trading platinum is becoming increasingly appealing to traders, and with good reason. The metal offers relative price stability and, like palladium, serves as a gauge of global growth. It also responds to trends in the automobile industry and is frequently used as a hedge against downturns. Last but not least, it is considered a low-risk entry.
As with other commodities, supply and demand are key factors influencing the platinum price. The metal is mined mainly in Africa, and political or economic upheaval, or disruptions to supply chains, can reduce output and drive the price up.
As mentioned earlier, car manufacturing and jewellery are the two main industries that rely on platinum. Therefore, the trading price of platinum will rise or fall if significant changes occur in either industry.