Platinum trading involves speculating on one of the rarest metals in the world. Over 50% of the platinum mined today is acquired by the jewellery industry and the rest is used by the automotive industry as it is a key component of catalytic converters in fuel engines.
This 2026 platinum trading guide will break down all you need to know about the commodity, including its history, price economics and how to get started. We have also compiled a list of the best platinum trading brokers below.
Top Platinum Trading Brokers
These are the 6 best brokers for trading Platinum in Canada:
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- Demo account
- Regulator: CySEC, MISA
- Platforms: MT4, MT5
84.6% of retail CFD accounts lose money. -
- Demo account
- Regulator: FCA, ASIC, CySEC, FSC, SCB, FSA
- Platforms: MT4, MT5, TradingView, TradeLocker
71.28% of retail traders lose money when trading CFDs -
- Demo account
- Regulator: ASIC, VFSC, FSA
- Platforms: MT4, MT5, cTrader, TradingView, DupliTrade
-
- Demo account
- Min. deposit: $300
- Min. trade: 0.01 Lots
-
- Demo account
- Regulator: ASIC, CySEC, FSA, FSCA, FSC, SCB, CMA-Kenya
- Min. deposit: $0
-
- Demo account
- Regulator: ASIC, CySEC, JSC, FSA, CMA-Kenya
- Platforms: MT4, MT5
Learn how we test brokers and why you can trust our ratings.
Here is a short overview of each broker's pros and cons
- FXCC 4.6/5 FXCC is an established broker that’s been offering low-cost online trading since 2010. Registered in Comoros Union and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes.
- Eightcap 4.6/5 Eightcap is a multi-regulated forex and CFD broker established in Australia in 2009. The broker has proven popular with active day traders, providing 800+ instruments with tight spreads and notable improvements in recent years, integrating the leading TradingView platform, alongside AI-powered financial calendars and algo trading tools with zero coding experience required.
- Fusion Markets 4.6/5 Fusion Markets is an online broker established in 2017 and regulated by the ASIC, VFSC and FSA. It is best known for its low-cost forex and CFD trading, although its multiple account types and copy trading solutions cater to a range of traders. New clients can sign up and start trading in 3 easy steps.
- AvaTrade 4.9/5 Established in 2006, AvaTrade is a leading forex and CFD broker trusted by over 400,000 traders. Operating under regulation in 9 jurisdictions, AvaTrade processes an impressive 2+ million trades each month. Through like MT4, MT5, and its proprietary WebTrader, the broker provides a growing selection of 1,250+ instruments. Whether it’s CFDs, AvaOptions, or the more recent AvaFutures, short-term traders at all levels will find opportunities. With terrific education and 24/5 multilingual customer support, AvaTrade delivers the complete trading experience.
- FP Markets 4.2/5 Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to day traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist.
- Ingot Brokers 4.3/5 Ingot Brokers is a multi-regulated brokerage established in 2006. The broker offers CFD trading opportunities on 1000+ instruments including forex, stocks, indices, commodities and cryptocurrencies. The broker supports the MetaTrader 4 and MetaTrader 5 platforms and offers both raw spreads and commission-free account options.
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| FXCC | 225 | ||||
| Eightcap | 3909 | ||||
| Fusion Markets | 10336 | ||||
| AvaTrade | 13634 | ||||
| FP Markets | 10373 | ||||
| Ingot Brokers | 57 |
FXCC
FXCC continues to prove itself an excellent option for day traders with a particularly strong selection of 70+ currency pairs, ultra-tight spreads from 0.0 pips during testing, and a free VPS for qualifying traders.
Jemma Grist, Reviewer
FXCC quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Metals, Energies, Crypto
- Regulator
- CySEC, MISA
- Platforms
- MT4, MT5
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD
Commodities
FXCC offers trading of 6 commodities:
- Gold
- Oil
- Palladium
- Platinum
- Precious Metals
- Silver
Pros
- FXCC has stepped up its offering over the years, adding MT5 to its suite of platforms, hundreds of stocks and more cryptos to its product line-up, plus a copy trading feature and greater margin trading opportunities.
- The free VPS for qualifying traders and the ability to build or buy EAs on MetaTrader make FXCC a strong option for algo traders.
- FXCC’s ECN XL account has been built with active traders in mind, featuring spreads from 0.0 with no commission, while also passing our execution speed benchmark for day traders.
Cons
- FXCC charges steep withdrawal fees on many of its payment methods, including $45 for bank transfers and 2% crypto transfers, which may cut into the returns of traders making regular withdrawals.
- Although FXCC has bolstered its range of markets with US, European and Asian stocks, the choice of metals and energies is light, and there are no soft commodities.
- Although the economic calendar has benefited from a facelift, FXCC still offers very little in terms of market research beyond basic daily technical analysis and aggregated market news, with no tools like Autochartist or social sentiment data.
Eightcap
Eightcap delivers in every area for day traders with a growing selection of charting platforms, education via Labs, and AI-powered tools. Now sporting 120+ crypto CFDs, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row.
Christian Harris, Reviewer
Eightcap quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs in Forex, Stocks, Indices, Commodities, Crypto
- Regulator
- FCA, ASIC, CySEC, FSC, SCB, FSA
- Platforms
- MT4, MT5, TradingView, TradeLocker
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, SGD
Commodities
Eightcap offers trading of 7 commodities:
- Gold
- Nickel
- Oil
- Palladium
- Platinum
- Silver
- Zinc
Pros
- With tight spreads from 0 pips, low commission fees, Eightcap provides cost-effective and flexible trading conditions that can accommodate an array of strategies, including day trading and scalping.
- Having excelled across all key areas for day traders, Eightcap outperformed every competitor to win our 'Best Overall Broker' award for 2024, also securing our 'Best Crypto Broker' title for 2025 and 'Best TradingView Broker' for 2025.
- Eightcap has brought in GOLD247 for 24/7 trading opportunities on a gold/USD CFD with leverage up to 1:20, minimum trade size of 0.01 lots, and no commission, appealing to weekend traders interested in the precious metal.
Cons
- In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders.
- The demo account expires after 30 days and can only be extended upon request - a notable inconvenience compared to the likes of XM with its unlimited demo mode.
- Eightcap needs to continue bolstering its suite of 800+ instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities.
Fusion Markets
Fusion Markets is a standout option for forex traders looking for excellent pricing with spreads near zero, industry-low commissions and recently TradingView integration. It’s a particularly good broker for Australian traders where the company is headquartered and regulated by the ASIC.
Jemma Grist, Reviewer
Fusion Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Crypto
- Regulator
- ASIC, VFSC, FSA
- Platforms
- MT4, MT5, cTrader, TradingView, DupliTrade
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Commodities
Fusion Markets offers trading of 19 commodities:
- Aluminium
- Cocoa
- Coffee
- Copper
- Corn
- Cotton
- Gold
- Lead
- Natural Gas
- Nickel
- Oil
- Orange Juice
- Palladium
- Platinum
- Silver
- Soybeans
- Sugar
- Wheat
- Zinc
Pros
- Withdrawal processing times have been slashed to under an hour and can be processed 24/7, making it faster and easier for active traders to withdraw any gains.
- The range of charting platforms and social trading features is excellent, with MT4, MT5, cTrader and more recently TradingView, catering to a wide range of trader preferences.
- Average execution speeds of around 37 milliseconds are noticeably faster than many rivals and can help day traders secure optimal prices in fast-moving markets.
Cons
- Fusion Market trails alternatives, notably IG, in the education department with limited guides and live video sessions to upskill new traders.
- The demo account expires after 30 days, limiting its potential as a useful trading tool alongside a real-money account.
- Traders outside of Australia must sign up with weakly regulated global entities with limited safeguards, though in August 2026 they made negative balance protection available to all eligible accounts.
AvaTrade
Celebrating 20 Years in the industry, AvaTrade offers active traders everything they need: an intuitive WebTrader, powerful AvaProtect risk management, a smooth 5-minute sign-up process, and dependable support you can rely on in fast-moving markets.
Jemma Grist, Reviewer
AvaTrade quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
- Regulator
- ASIC, CySEC, FSCA, ISA, CBI, JFSA, BVI, FSRA/ADGM, AFM, CMA-Kenya, CIRO (via Friedberg Direct)
- Platforms
- WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingView, TradingCentral, DupliTrade
- Minimum Deposit
- $300
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, ZAR
Commodities
AvaTrade offers trading of 18 commodities:
- Cannabis
- Cocoa
- Coffee
- Copper
- Corn
- Cotton
- Gasoline
- Gold
- Lithium
- Natural Gas
- Oil
- Palladium
- Platinum
- Precious Metals
- Silver
- Soybeans
- Sugar
- Wheat
Pros
- AvaFutures traders can now use TradingView for 100+ indicators, screeners and a calendar, the sharing of trade ideas, commissions from $0.45, intraday margins from $60, and access to exchanges like CME and EUREX.
- The WebTrader excelled in our hands-on tests, sporting a user-friendly interface for beginners, complete with robust charting tools like 6 chart layouts and 60+ technical indicators.
- Support at AvaTrade performed excellently during testing, with response times of 3 minutes and localized support in major trading jurisdictions, including the UK, Europe and the Middle East.
Cons
- AvaTrade’s WebTrader has improved, but work is still needed in terms of customizability – frustratingly widgets like market watch and watchlists can’t be hidden, moved, or resized.
- While signing up is a breeze, AvaTrade lacks an ECN account like Pepperstone or IC Markets, which provides the raw spreads and ultra-fast execution many day traders are looking for.
- The AvaSocial app is good but not great – the look and feel, plus the navigation between finding strategy providers and account management needs upgrading to rival category leaders like eToro.
FP Markets
FP Markets strikes an ideal balance between affordability and quality for active traders. They’ve managed to keep trading costs low while expanding their investment offering, charting tools, and research features, all while providing excellent support you can rely on for urgent trading queries.
Christian Harris, Reviewer
FP Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
- Regulator
- ASIC, CySEC, FSA, FSCA, FSC, SCB, CMA-Kenya
- Platforms
- Iress, MT4, MT5, cTrader, TradingView, AutoChartist, TradingCentral
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Commodities
FP Markets offers trading of 17 commodities:
- Aluminium
- Cocoa
- Coffee
- Copper
- Corn
- Cotton
- Gold
- Iron
- Natural Gas
- Oil
- Palladium
- Platinum
- Silver
- Soybeans
- Steel
- Sugar
- Wheat
Pros
- FP Markets delivers fast and dependable support, available 24/5 with average response times of less than 1 minute during testing.
- With MetaTrader, cTrader, Iress and more recently TradingView, FP Markets is one of the most accommodating brokers in terms of platform choice.
- FP Markets offers a superb selection of tradable assets, especially since expanding its suite of commodities and supporting over 10,000 stocks.
Cons
- While pricing in the Raw account is excellent, spreads in the Standard account trail the cheapest brokers with a 1.1-pip average spread on the EUR/USD compared to the 0.8-pip average at IC Markets.
- FP Markets’ Iress platform is only available to clients in Australia. It also primarily emphasizes stock trading over forex trading, and data fees can accumulate rapidly unless you're an active trader or maintain a high-balance account.
- FP Markets trails the best MetaTrader brokers, despite offering a Trader's Toolbox on MT4, just 130 instruments are available, limiting opportunities for serious traders, especially compared to Pepperstone with its 1,300 assets.
Ingot Brokers
Ingot Brokers is a good choice for day traders looking for a no-frills broker with a wide range of instruments. Experienced traders will appreciate access to the advanced MT5 platform, although beginners may be disappointed in the lack of educational resources.
William Berg, Reviewer
Ingot Brokers quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Commodities, Stocks, Indices, ETFs, Forex, Cryptocurrencies
- Regulator
- ASIC, CySEC, JSC, FSA, CMA-Kenya
- Platforms
- MT4, MT5
- Minimum Deposit
- $10
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, AUD
Commodities
Ingot Brokers offers trading of 11 commodities:
- Cocoa
- Coffee
- Corn
- Gold
- Natural Gas
- Oil
- Platinum
- Silver
- Soybeans
- Sugar
- Wheat
Pros
- Traders can access the market-leading MT4 and MT5 platforms, collectively offering dozens of advanced technical indicators and charting tools for detailed analysis
- Ingot Brokers holds multiple regulatory licenses, including two from the top-tier regulators, ASIC and CySEC
- Multiple free payment methods are available, including bank transfers and crypto payments
Cons
- Despite improvements in the Resources Hub, the broker’s education and market research still trail many competitors
- The range of 30+ currency pairs is below the industry average and won’t be sufficient for serious forex traders
- The ECN account offers fewer assets than the other account types
What Is Platinum Trading?
80% of the platinum traded today comes from South Africa, with the rest of production divided between Russia and North America. It is a relatively scarce precious metal and, as a result, tends to trade at a higher unit price. It is estimated that platinum is 15-20 times scarcer than gold.
Platinum trading does not occur on all stock exchanges. However, the New York Mercantile Exchange (NYMEX) and the London Platinum and Palladium Market are two major exchanges that support it. In 2019, the global platinum market size was valued at USD 6.5 billion and expected to register a compound annual growth rate of 5.% by 2027.
History Of Platinum Trading
Platinum is considered a precious metal much like gold or silver. However, whilst gold and silver are widely traded around the world, platinum is less so. This is partly due to its scarcity but also because platinum does not have the ancient ties to trade that gold and silver do.
Gold and silver were known to ancient civilisations and were traded much like modern societies exchange currency today. However, platinum as an investment vehicle did not come until much later. In fact, it was not until the late 20th century that the metal was used in trade or investment. When it was first discovered in Colombia in the 17th century, it was actually considered a nuisance because it interfered with gold mining activities. In 1956, the New York Mercantile Exchange introduced platinum futures as a way to diversify the exchange from the predominantly agricultural instruments available.
Platinum coins came later still, in 1997 when the United States Mint launched its first platinum bullion coin, the Platinum American Eagle. Following their release they quickly became the most popular platinum coins in the world, selling at previously unseen premiums.
Fast forward to today and those involved in platinum trading can choose between legal tender coins, bullion bars, futures and options contracts. Platinum continues to be used predominantly by the jewellery and automotive industries but its uses span dental apparatus, surgical equipment and even drugs for cancer treatment. Experts argue that even more excitement could lay ahead for this unique instrument. As we continue to break down trade barriers and introduce previously isolated markets to the global stage, we are seeing accelerated growth. This is particularly exciting for platinum because, as countries become wealthier, they tend to increase their investment in platinum. This is primarily due to the use of platinum catalytic converters and increased demand for luxury items such as jewellery.
Why Do People Trade Platinum?
Store Of Value
Platinum is arguably the rarest of all precious metals. Its unique properties mean that it is in high demand in both the jewellery and automotive industries. Nearly one in five manufactured products uses platinum at some stage of the production process. Demand combined with scarcity drives its unit value.
Insurance Policy
Much like gold, platinum is used as an insurance policy against dollar weakness. You may have heard the term safe-haven asset. Well, it can be applied to platinum too. Investors will hedge in platinum during market slowdowns. Precious metals tend to hold their value, much more so than goods or services. Hedging in platinum may protect purchasing power in the long run.
A Bullish View
Platinum trading offers a way to express a bullish view on global growth. As emerging market economies grow, demand for manufactured goods will increase. Platinum currently operates an integral role in the production of cars and, therefore, serves as a way to bet on growth in global industry.
What Influences The Platinum Trading Price?
Platinum is considered a relatively stable instrument, much like other precious metals. It is for this reason that many turn to platinum as a hedging opportunity. However, several factors will cause the price of platinum to fluctuate:
Gold
It is not uncommon to compare the price of platinum and gold. When the market is stable, platinum is considered to be worth roughly twice the price of gold. However, unlike gold and silver, platinum and gold tend to have an inversive relationship. When the price of gold increases, platinum’s value tends to decrease.
Supply & Demand
Platinum is a high value, finite resource that is primarily mined in Africa. Supply issues can affect the price. Major political or economic changes in the African region can affect supply, which, in turn, affects its value.
Industry
Most of the platinum mined is used by one of two industries; jewellery and car manufacturing. Disruption or major changes to either of these industries can have major implications on the platinum trading price.
Today’s Live Platinum Trading Price
How To Trade Platinum
You have a few different options when it comes to platinum trading. The right instrument for you will depend on several factors, including experience level, risk appetite and strategy.
- ETFs: Platinum is traded as an ETF on the London Stock Exchange (LSE) under the ticker symbol LSE: PHPT and both PPLT and PLTM are traded on the New York Stock Exchange (NYSE). The advantage of platinum ETFs is that you do not have to store physical platinum bullion, which can be a complicated process. However, if the price of platinum takes off, you are likely to make more money holding platinum bars or coins than investing in ETFs.
- Coins & Bars: Platinum bars or coins will need to be stored and insured. Coins are available from the United States Mint.
- Accounts: Many Swiss banks offer platinum accounts. These provide an opportunity to buy and sell platinum, much like any forex currency. The customer does not actually own the platinum, though, they just have a claim against the bank.
- Futures: A futures contract sets a predetermined time and date to buy or sell platinum. The key advantages of trading futures are that it allows you to hedge against price fluctuation and the contracts often have simpler pricing models than other methods.
- Options: Platinum trading options also let you buy or sell platinum at a set price in the future. However, there is no obligation, so you can decide whether or not you want to go through with the trade. Platinum options allow you to trade with leverage, providing an opportunity to make a big return on a relatively small investment.
Pros Of Platinum Trading
- Relative stability
- Global growth tracker
- Portfolio diversification
- Hedging against downturns
- Widespread application in new technologies
- Responds to trends in the jewellery and automotive industries
Cons Of Platinum Trading
- Political and economic instability may cause supply shortages and volatility
- Relative stability may not be great for short-term trading strategies
- Not every broker offers platinum instruments
How To Start Platinum Trading
First things first, you’ll need to find a broker. Finding the right broker is key to long-term, successful trading. Do your research, consider reputation, platforms and tools, as well as pricing, demo accounts and regulation. Check out our comparison guide here.
Once you have found your broker, you will need to outline your strategy and take a position. Whichever strategy you choose, always ensure it is underpinned by a robust risk management system to minimise losses.
Finally, monitor your chosen position(s). Analyse the market, confer with experts and ensure you are up to date with the latest news and developments to put you in the best position possible to spot future opportunities.
Platinum Trading Spreads – Best Time to Trade
This table allow you to see how the platinum spread usually difference between different times of the day and allow you to find the best time to trade platinum.
| Market Phase | Time (EST) | Typical Spread (Pips) | Market Context |
|---|---|---|---|
| Peak Liquidity | 8:00 AM – 11:00 AM | 4.0 – 8.0 | London/NY Overlap; NYMEX floor active. |
| Standard Trading | 11:00 AM – 4:59 PM | 8.0 – 15.0 | US Session; steady volume. |
| Rollover Window | 5:00 PM – 6:00 PM | 50.0 – 150.0+ | CME Globex Break; liquidity gap. |
| Post-Rollover | 6:00 PM – 8:00 PM | 20.0 – 40.0 | Asian Session Start; limited depth. |
| European Open | 2:00 AM – 8:00 AM | 10.0 – 18.0 | London Fix begins; liquidity returns. |
Final Word On Platinum Trading
Platinum trading has a lot to offer as a tool for investment. Whether you are looking to hedge, store value or invest in global growth, the once-overlooked asset has shown its true value in recent years. As emerging markets continue to grow and the demand for platinum increases, it looks set to continue on a prosperous trajectory.
Make sure to choose the right broker and implement a clear strategy with robust risk management to ensure the greatest chance of success. Additionally, we recommend you make the most of courses, analysis ideas and charts.
FAQs
Why Should I Trade Platinum?
Platinum is both rarer and has more uses than gold, yet it is often overlooked when it comes to investment. Platinum presents a good opportunity to diversify your portfolio. Given its ties to the automotive and jewellery industries, the platinum trading value has several avenues for fundamental analysis, on top of the standard technical volatility analysis systems.
What Is The Best Platinum Trading Strategy?
Strategies are dependent on several personal factors, including time, goals, risk appetite and capital. There is no one-shoe-fits-all solution. Popular strategies include breakout trading, scalping, arbitrage and news trading. If you are looking to improve your understanding, there are lots of great university courses, programs, academy courses and groups that you can utilise.
Where & How Can I Trade Platinum?
You can trade platinum online, via mobile or desktop platforms around the world from India to Tokyo, the US to Dubai. As uses for the metal grow, demand for platinum trading has flourished.
How Much Should I Invest In Platinum Trading?
The short answer is to invest whatever you are comfortable with, whether that is £150, £600, £1,000 or £5,000. The biggest mistake you could make is speculating with money you do not have, so be sensible. Ensure your risk management approach is robust and comprehensive to improve your chances.
What Are The Best Platinum Trading Platforms?
There are several brokers and platforms that we recommend for platinum trading, including City Index and eToro. These brokers offer competitive trading conditions, popular platforms and reputable regulation. For more, see here.