We found 11 online brokers that are appropriate for Trading Platinum.
Platinum brokers are similar to gold brokers or copper brokers and they deal in the trading of the dense, malleable, silver-white highly valuable metal called platinum. When the economy is stable and moving towards growth, the price of platinum increases and the reverse happens during economic uncertainty.
Supply and demand affect the price of platinum as it does with other products in the commodity markets. Platinum brokers give traders the opportunity to buy and sell Platinum across the global financial markets.
Below we list some of the factors that influences the platinum market:
At least fifty percent of the total platinum production is used in the manufacturing of jewellery and so it is highly exposed to demands of consumers based on tastes and habits mostly.
The metal is a catalytic converter component. Since 1993 its demand has increased due to the compulsory requirements in vehicles. Lately, cars have undergone changes in technology and are not using platinum to the same extent. In the near future, the demand may decrease.
Platinum is also widely being used in thermometers, crucible electrodes and photography. For the reason, demand has increased and this is being reflected in the price.
The price of platinum can change due to the political stability of countries where it is produced.
According to the 2014 United States Geological Survey, the top platinum producing countries are South Africa, Russia, Zimbabwe, Canada and the United States. For the latest update on platinum data, check with platinum brokers or their trading platform market analysis tools.
Platinum brokers usually suggest clients trade the metal in options and futures. PL is the symbol for it and NYMEX has set the purity lever at 99.95%. The price in electronic trading is quoted in USD per ounce and the minimum tick price is $5.
Platinum brokers help traders to buy and sell the metal in other exchanges including Tokyo Commodity Exchange, London Bullion Market Platinum and London Metal Exchange.
The white metal is also traded on London Stock Exchange and New York Exchange as ETF under the ticker symbol of PHPT and PPLT respectively.
Platinum is also traded as bars and coins in various sizes.
The metal is instantly traded like any other currency in most of the Swiss banks but without transferring the physical platinum. The customer maintains an account with the banks to virtually own the metal.
Platinum can be traded with CFDs. Platinum CFD traders look to profit from the up and down price movements of the Platinum markets while taking advantage of the added leverage a CFD trade offers. With CFDs a traders financial exposure can be greater than there deposited amount.
Allowing traders to trade more than they have funded. Be aware though that with CFDs the price can go up and down and if it moves against your CFD trade then you may end up losing more than your deposited amount. Some Platinum brokers help traders by not charging fees or commission on trades. They earn through the spread.
Platinum is a good choice for investors either in physical form or virtually.
Platinum brokers help clients trade across several exchanges including NYMEX, Tokyo Commodity Exchange, London Metal Exchange, London Bullion Market and London Stock Exchange.
We've collected thousands of datapoints and written a guide to help you find the best Platinum Brokers 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 platinum brokers below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Platinum 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.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Platinum Brokers.
Compare Platinum Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are platinum brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more platinum brokers that accept platinum clients
Broker |
eToro
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IC Markets
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XTB
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AvaTrade
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Plus500
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Pepperstone
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EasyMarkets
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XM
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SpreadEx
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Forex.com
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City Index
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Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), 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, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | 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 Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 100 | 200 | 100 | 5 | 1 | 100 | 25 |
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Used By | 20,000,000+ | 180,000+ | 250,000+ | 200,000+ | 15,500+ | 10,000+ | 142,500+ | 3,500,000+ | 10,000+ | 150,000+ | 14,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps | MT4, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with etoro |
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Up with icmarkets |
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Up with xtb |
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Up with avatrade |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with spreadex |
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Up with forexcom |
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Up with cityindex |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | 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. | 72% of retail investor accounts lose money when trading CFDs with this provider | 72% 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. 79.3% 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 | 74% of retail investor accounts lose money when trading CFDs with this provider | 75% of retail investor accounts lose money when trading CFDs with this provider |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
SpreadEx Demo |
Forex.com Demo |
City Index 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, US, PY, HN, GT, PR, NI, VG, AN, | 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, IN, PK, BD, NG , ID, BE | BE, BR, KP, NZ, TR, US, CA, SG | MY, 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 | US, CA, IL, KR, IR, MM, CU, SD, SY | US, TR | 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 |
You can compare Platinum Brokers 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 Platinum Brokers for 2021 article further below. You can see it now by clicking here
We have listed top Platinum brokers below.