Platinum is one the rarest metals in the market and is used in a wide variety of industries including catalytic converters, medicine and jewelry. Just like gold and silver, this precious metal has experienced highly volatility and the continuing unrest in the financial markets makes it a safe haven for investors. Regardless if the market is going up or crashing down, you can invest in this rare metal by trading via contracts for difference (CFDs).
By trading platinum CFDs, you are neither purchasing nor selling the metal but rather investing on its price fluctuation. Your profit or loss will be based on how you see the market is going to move. If you see the value of this metal rising then you need to execute a Buy contract. For example, if you purchased 10 Buy CFDs at the price of 940 and you closed the position after the instrument’s value moved by 15 points to 955. Since you executed a Buy order, that means the asset moved to your favor giving you a profit of 150 or 15 multiplied by the 10 contracts that you purchased.
Excel on Your Platinum Trades With a Regulated Brokerage
Platinum is an interesting instrument to invest on but it is essential for you to trade only with a trusted and fully regulated brokerage to guarantee that your capital is safe and protected. If you are unsure of which are the right brands to trust then we have prepared a list of the top CFD service providers that offer the best services and platforms for trading this precious and rare metal. These brokerages have been comprehensively reviewed based on our high standards and have been proven to give you the best trading experience.
Trusted and Regulated Brokers Where You Can Trade Platinum CFDs
Min Deposit: $200
Regulation: CYSEC, FCA
Min Deposit: $100
Regulation: FCA, ASIC, CySEC
Min Deposit: $100
Regulation: CBI, ASIC, FSC, FSA, FSB
Min Deposit: $5
Regulation: IFSC, ASIC, CySEC