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Trade PLATINUM with us

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MARGIN TRADING INVOLVES SIGNIFICANT RISK TO YOUR INVESTED CAPITAL

Change -0.31% Raw spread
Low 1053 High 1073
Swap Long -28.58 Swap Short 5.86
Minimum Volume in Lots 0.01 Leverage 1:10
3-day SWAPs Wednesday Margin requirement 10%
Commission per lot (single side)
CLASSIC $0  PRO $3  VIP $1.5
Trading hours and server time
Open Monday 1:02   Close Friday 23:58  Server time GMT+3

Daily break 00:00-01:00

Instruments Bid Ask Change
EURUSD SELL BUY -0.18%
GBPUSD SELL BUY -0.04%
USDJPY SELL BUY 0.31%
GBPJPY SELL BUY 0.32%
XAUUSD SELL BUY 0.67%
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About

XPTUSD

Platinum, one of the top three most valuable precious metals, is traded around the clock in global commodities markets. During periods of political stability, platinum can be priced higher than gold because the annual quantity of mined platinum is significantly lower than that of gold and the cost of mining per ounce double.

Platinum is also considered an industrial metal and its price is largely determined by auto-sales and auto-production as it is used for producing automotive catalysts that reduce harmful emissions. Jewelry making is the second biggest market for platinum, followed by petroleum, and chemical refining catalysts and the computer industry.

Platinum is mostly mined in South Africa and Russia, making the metal prone to cartel manipulation which could support or even artificially increase prices. Platinum is one of the most volatile precious metals.

Why Trade Platinum

Investors trade platinum to diversify their portfolio and hedge it against currency weakness (like the devaluation of the dollar) and fluctuations in the stock markets. Also, platinum and other precious metals are seen as safe haven as they could keep their value during times of global unrest and periods of high inflation.

Platinum Spot Price

The precious metal is traded on multiple exchange markets around the globe and across multiple time zones. The platinum spot price is calculated based on the most active near month futures contract with the highest trading volume.

What Affects Platinum Price

Industrial use, interest rates, inflation, macro-economic trends, movements of major indices like the Dow Jones, monetary and fiscal policy, social stability or unrest, and foreign relations are some of the factors that can affect the price of platinum.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange (‘Forex’), Contracts for Difference (‘CFDs’), Indices, Options, or other financial derivatives, on ‘margin’ carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any of these markets you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full ‘General Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’.

TRADE RESPONSIBLY: CFDs 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. Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.

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Trade Responsibly: CFDs 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. Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.