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 Spain:
-
- 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
- Platforms: xStation
- Min. deposit: $0
75% of accounts lose money when trading CFDs with this provider. -
- Demo account
- Regulator: ASIC, VFSC, FSA
- Platforms: MT4, MT5, cTrader, TradingView, DupliTrade
-
- Demo account
- Instruments: CFDs, Forex, Indices, Shares, Commodities
- Regulator: ASIC, CySEC, FSCA, FSC
-
- Demo account
- Regulator: FMA, FSA
- Min. deposit: $0
-
- Demo account
- Regulator: CySEC, MISA
- Platforms: MT4, MT5
84.6% of retail CFD accounts lose money.
Learn how we test brokers and why you can trust our ratings.
This is why we think these brokers are the best in this category in 2026:
- 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.
- XTB 4.8/5 Founded in 2002 in Poland, XTB now serves more than 1 million clients. The forex and CFD broker combines a heavily regulated trading environment with an extensive selection of assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with superb tools to support aspiring day traders.
- 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.
- FBS 4.3/5 Founded in 2009, FBS is an award-winning CFD broker operating in over 150 countries with a client base exceeding 27 million traders. Traders are supported at every stage of their journey with 24/7 assistance, market analytics, trading calculators, and competitive pricing with zero commissions.
- BlackBull 4.5/5 BlackBull is a New Zealand-based CFD broker providing diverse trading opportunities on over 2,180 instruments. After undergoing a rebrand in 2023, it now sports a modern look and feel complete with professional-grade trading tools and ultra-fast execution speeds averaging 20ms.
- 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.
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 |
|---|---|---|---|---|---|
| Eightcap | 3909 | ||||
| XTB | 3043 | ||||
| Fusion Markets | 10336 | ||||
| FBS | 10253 | ||||
| BlackBull | 3521 | ||||
| FXCC | 225 |
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
- Eightcap added TradeLocker in 2026 for certain regions, marking it out as the best regulated TradeLocker broker, while still delivering Eightcap's ultra-fast execution and low fees for active traders on the charting software.
- 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 Challenges, the broker's prop trading firm, is multi-regulated, removing the third-party risks we commonly see with white-label prop firms, and its tailoring its funded accounts to crypto traders with around 150 crypto pairs, plus it's integrated into the TradingView interface.
Cons
- 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.
- Despite a useful library of educational guides and e-books in Labs, Eightcap still trails IG’s comprehensive toolkit for aspiring traders with its dedicated IG Academy app and 18 course categories.
- 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.
XTB
XTB stands out as a top choice for new day traders with the terrific xStation platform, low trading costs, no minimum deposit, and excellent educational tools, many of which are seamlessly integrated into the platform.
Christian Harris, Reviewer
XTB quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs
- Regulator
- FCA, CySEC, KNF, DFSA, FSC, SCA, CMF, Bappebti
- Platforms
- xStation
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP
Commodities
XTB offers trading of 22 commodities:
- Aluminium
- Cattle
- Cocoa
- Coffee
- Copper
- Corn
- Cotton
- Gasoline
- Gold
- Lean Hogs
- Livestock
- Natural Gas
- Nickel
- Oil
- Palladium
- Platinum
- Precious Metals
- Silver
- Soybeans
- Sugar
- Wheat
- Zinc
Pros
- XTB offers fast withdrawals with payment within 3 business days, depending on the method and amount.
- XTB has boosted its interest rate on uninvested balances and added zero-fee ISAs (On ETFs and real shares, or 0.2% with transactions over €100k) for UK clients with a huge range of markets available.
- First-class 24/5 customer support is available, including a friendly live chat with response times of under two minutes during testing.
Cons
- XTB does not offer a raw spread account, which is becoming increasingly common among competitors like Pepperstone, and may disappoint day traders looking for the tightest spreads.
- Not being able to adjust the default leverage level of XTB products is frustrating, as manual adjustment can significantly mitigate trade risk, especially in forex and CFD trading.
- Trading fees are competitive with average spreads of around 1 pip on the EUR/USD but still trail the cheapest brokers like IC Markets, plus there's an inactivity fee after 12 months.
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
- Fusion Markets offers best-in-class support with very fast, friendly and helpful responses during tests and no frustrating automated chatbot to navigate.
- Fusion Markets continues to impress with its pricing that provides tight spreads with below-average commissions that will appeal to active day traders.
- The market analysis features, Market Buzz and Analyst Views, are great tools for discovering opportunities and conveniently integrated into the client dashboard.
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.
- While the selection of currency pairs trumps most rivals, the broker's alternative investment offering is average with no stock CFDs beyond the US.
FBS
FBS is an excellent choice for day traders at every level and budget, with just a $5 minimum deposit and intensive academy for aspiring traders alongside access to MT4 and MT5.
Christian Harris, Reviewer
FBS quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Indices, Shares, Commodities
- Regulator
- ASIC, CySEC, FSCA, FSC
- Platforms
- FBS App, MT4, MT5
- Minimum Deposit
- $5
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, AUD, JPY
Commodities
FBS offers trading of 6 commodities:
- Gold
- Natural Gas
- Oil
- Palladium
- Platinum
- Silver
Pros
- The trading firm has picked up over 90 awards and amassed more than 27 million clients, making it one of the largest and most established brokers globally.
- FBS offers lightning-fast execution speeds from just 10 milliseconds, placing it among the industry leaders for highly active traders like scalpers who demand rapid order processing.
- The introduction of the FBI Assistant has given active traders useful, AI-powered intelligence to assess charts and patterns with potential trade ideas that can be executed in one click.
Cons
- Despite enhancing the selection of currency pairs, now providing over 70, FBS still trails industry leaders like BlackBull Markets in its market offering with a particularly narrow selection of commodities and indices.
- There are only four base currencies available - EUR, USD, AUD and JPY (region dependant) - which isn't practical for minimizing currency conversion fees for many global traders, and is especially striking given the broker’s user base spans over 150 nations.
- Although the FBS app offers a terrific mobile trading experience for aspiring traders and MT4/MT5 cater to advanced traders, the absence of cTrader and TradingView, which are increasingly offered by alternatives like Pepperstone, will deter day traders familiar with these platforms.
BlackBull
After improving its trading infrastructure with Equinix servers in London, reducing latency for traders, BlackBull is an obvious choice if you want to day trade stock CFDs with ECN pricing. With competitive spreads and no commission on a growing roster of digital tokens paired with USD, BlackBull also works for active crypto traders.
Christian Harris, Reviewer
BlackBull quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Stocks, Indices, Commodities, Futures, Crypto
- Regulator
- FMA, FSA
- Platforms
- BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, SGD
Commodities
BlackBull offers trading of 16 commodities:
- Aluminium
- Cocoa
- Coffee
- Copper
- Corn
- Gasoline
- Gold
- Lead
- Natural Gas
- Oil
- Palladium
- Platinum
- Silver
- Sugar
- Wheat
- Zinc
Pros
- After partnering with ZuluTrade and Myfxbook, alongside improvements to its own CopyTrader, and finally enabling cTrader Copy, BlackBull offers one of the most comprehensive copy trading experiences we've seen.
- BlackBull is a much greater fit for aspiring traders following the overhaul of its ECN Prime account, now featuring improved spreads averaging 0.16 on EUR/USD and a more accessible minimum deposit of $0 compared to the old $2,000.
- BlackBull offers every ingredient for day traders; fast execution speeds of <100ms and tight spreads from 0.0 pips.
Cons
- Although the Education Hub now features improvements like webinars and tutorials, the courses we’ve explored need more focus on explaining the wider economic factors influencing prices.
- Unlike most top brokers, BlackBull charges an irritating $5 withdrawal fee, which can detract from the overall cost-effectiveness, especially for active traders who frequently move funds.
- Despite a growing selection of 2,180+ assets, including additions to its Asia Pacific indices, they are mainly stocks with an average selection of currency pairs and indices.
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
- 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 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.
- 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
- Although regulated by the CySEC, FXCC’s offshore entity operates with weak regulatory oversight from MISA and may not provide safeguards like investor compensation in the event of broker insolvency.
- 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.
- 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.
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.