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 Ukraine:
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- Demo account
- Platforms: MT4, MT5, TradingCentral
- Min. deposit: $5
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- Demo account
- Min. deposit: $100
- Min. trade: 0.01 Lots
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- Demo account
- Regulator: ASIC, CySEC, FSA, FSCA, FSC, SCB, CMA-Kenya
- Min. deposit: $0
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- Demo account
- Platforms: WebTrader, App
- Min. deposit: $100
81% of retail CFD accounts lose money. -
- Demo account
- Regulator: ASIC, CySEC, JSC, FSA, CMA-Kenya
- Platforms: MT4, MT5
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- Demo account
- Regulator: FCA, ASIC, CySEC, SCA, SCB, CMA-Kenya
- Platforms: Web Platform, MT4, TradingView
Learn how we test brokers and why you can trust our ratings.
Here is a summary of why we recommend these brokers in October 2026:
- XM 4.8/5 XM is a globally recognized forex and CFD broker with 20+ million clients in 190+ countries. Since 2009, this trusted broker has been delivering low trading fees across its growing roster of 1000+ instruments. It also offers a comprehensive MetaTrader experience that we've observed firsthand placing test trades.
- 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.
- Plus500 4.1/5 Established in 2008 and headquartered in Israel, Plus500 is a prominent brokerage that boasts over 25 million registered traders in over 50 countries. Specializing in CFD trading, the company offers an intuitive, proprietary platform and mobile app. It maintains competitive spreads and does not charge commissions or deposit or withdrawal fees. Plus500 also continues to shine as one of the most trusted brokers with licenses from reputable regulators, including the FCA, ASIC and CySEC.
- 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.
- Capital.com 4.3/5 Established in 2016, Capital.com initially focused on CFDs across forex, indices, stocks, commodities, and crypto, aimed squarely at active traders. Over the years it has added more instruments, obtained multiple regulatory licenses, improved its charting tools, and introduced an 1X account that lets you trade without using margin (borrowed funds), now catering to a diverse mix of traders worldwide.
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 |
|---|---|---|---|---|---|
| XM | 3080 | ||||
| AvaTrade | 13634 | ||||
| FP Markets | 10373 | ||||
| Plus500 | 20182 | ||||
| Ingot Brokers | 57 | ||||
| Capital.com | 15222 |
XM
With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders.
Christian Harris, Reviewer
XM quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies
- Regulator
- CySEC, DFSA, FSCA, SCA, FSA, FSC-Belize, FSC-Mauritius, CMA-Kenya, CMA-UAE
- Platforms
- MT4, MT5, TradingCentral
- Minimum Deposit
- $5
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, JPY, ZAR
Commodities
XM offers trading of 14 commodities:
- Cocoa
- Coffee
- Copper
- Corn
- Cotton
- Gold
- Natural Gas
- Oil
- Palladium
- Platinum
- Silver
- Soybeans
- Sugar
- Wheat
Pros
- XM’s Zero account is ideal for day trading with spreads from 0.0 pips, 99.35% of orders executed in <1 second, and no requotes or rejections.
- XM secured a category 5 license from the Securities and Commodities Authority (SCA) of the United Arab Emirates in late 2025, strengthening its regulatory credentials and making it a strong option for traders in the Middle East.
- XM has rolled out platform upgrades with integrated TradingView charts and an XM AI assistant, delivering faster execution, smarter analysis, and a sleeker, more intuitive trading experience.
Cons
- While the XM app stands out for its usability and exclusive copy trading products, the selection of technical analysis tools needs to be improved to meet the needs of advanced traders.
- XM is falling behind the curve by not offering cTrader, which is favored over MetaTrader by some serious traders for its smoother user experience and superior charting package.
- Although trusted and generally well-regulated in some regions, XM also has global entities registered with the weak regulators like FSC (Belize) and FSA (Seychelles), whilst UK clients are no longer accepted, reducing its market reach.
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
- $100
- 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
- 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.
- AvaTrade launched AvaFutures to offer low-margin access to global markets, then expanded in 2025 as one of the first brokers to add CME’s Micro Grain Futures.
- 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.
Cons
- 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.
- 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.
- 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 has a seamless onboarding experience, standing out with crypto deposits and over 10 base currencies, catering to global traders.
- FP Markets delivers fast and dependable support, available 24/5 with average response times of less than 1 minute during testing.
- 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 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.
- 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.
Plus500
Plus500 offers a super-clean experience for traders with a CFD trading platform that sports a modern design and dynamic charting. That said, the broker’s research tools are limited, fees trail the cheapest brokers, and there’s room for enhancement in its educational resources.
Christian Harris, Reviewer
Plus500 quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs on Forex, Stocks, Indices, Commodities, ETFs, Options, Crypto
- Regulator
- FCA, CySEC, EFSA, ASIC, FMA, FSCA, MAS, ISA, FSA, DFSA, SCA, JFSA, SCB, CIRO, BAPPEBTI, OJK, BI
- Platforms
- WebTrader, App
- Minimum Deposit
- $100
- Minimum Trade
- Variable
- Account Currencies
- USD, EUR, GBP, AUD, ZAR, CZK
Commodities
Plus500 offers trading of 18 commodities:
- Aluminium
- Cattle
- Cocoa
- Coffee
- Copper
- Corn
- Cotton
- Gasoline
- Gold
- Lean Hogs
- Livestock
- Oil
- Palladium
- Platinum
- Silver
- Soybeans
- Sugar
- Wheat
Pros
- The broker offers low commission trading on a diverse range of markets, minimizing additional fees while appealing to established traders
- The customer support team continue to provide reliable 24/7 support via email, live chat and WhatsApp
- In 2025 Plus500 added new share CFDs in emerging sectors like quantum computing and AI, offering opportunities in stocks like IonQ, Rigetti, Duolingo, and Carvana
Cons
- Plus500’s lack of support for MetaTrader or cTrader charting tools might be a deal breaker for advanced day traders looking for familiarity
- Educational resources are limited compared to best-in-class brokers like eToro, impacting the learning curve for beginners
- The absence of social trading means users can’t follow and replicate the trades of experienced traders
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
- Multiple free payment methods are available, including bank transfers and crypto payments
- 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 offers a copy trading service with passive income opportunities for experienced strategy providers
Cons
- The ECN account offers fewer assets than the other account types
- The range of 30+ currency pairs is below the industry average and won’t be sufficient for serious forex traders
- Despite improvements in the Resources Hub, the broker’s education and market research still trail many competitors
Capital.com
Capital.com is a great match for day traders with its thousands of CFDs, SmartFeed providing tailored market updates, and TradingView charts for advanced technical indicators paired with Capital.com’s fast and reliable order execution.
Christian Harris, Reviewer
Capital.com quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs on Forex, Stocks, Indices, Commodities, ETFs, Crypto
- Regulator
- FCA, ASIC, CySEC, SCA, SCB, CMA-Kenya
- Platforms
- Web Platform, MT4, TradingView
- Minimum Deposit
- $20
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, AUD, SEK, NOK, DKK, CHF, HKD, PLN, CZK, AED, HUF, MXN
Commodities
Capital.com offers trading of 25 commodities:
- Aluminium
- Cattle
- Cocoa
- Coffee
- Copper
- Corn
- Cotton
- Gasoline
- Gold
- Iron
- Lead
- Lean Hogs
- Livestock
- Natural Gas
- Nickel
- Oil
- Orange Juice
- Palladium
- Platinum
- Precious Metals
- Silver
- Soybeans
- Sugar
- Wheat
- Zinc
Pros
- Capital.com enhanced the mobile trading experience in 2026 with an AI assistant, live trading analytics, and a more customizable home screen with cleaner watchlists.
- Capital.com’s SmartFeed curates news and market updates tailored to your watchlist and trading style. This proactive feature helps day traders stay on top of relevant events without feeling overwhelmed by generic market noise.
- Capital.com has an especially strong selection of forex (120+), commodities (70+) and cryptos (500+ pairs), catering to traders interested in these asset classes and needing depth.
Cons
- While Capital.com supports MT4, it lacks MT5 integration, limiting access to advanced trading features, including additional timeframes, indicators, and order types.
- The broker’s research resources focus on educational content and in-house analysis but do not currently include third-party tools such as Trading Central, Autochartist, sentiment indicators, and professional-level screeners that some top competitors offer.
- Capital.com offers primarily a standard CFD account and a professional account (subject eligibility) with higher leverage, but it lacks ECN/raw spread accounts or tiered pricing, which can limit trading flexibility for high-volume scalpers.
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.