- CFDs & Forex Trading | Regulated Online Trading
- About Us
- Trading
- Platforms
- Resources
- Partners
- Research
Search
×
Forex Full Course
Get started quickly with our free forex trading course for beginners to level up on your trading knowledge.
Apply now to start trading
| Symbol | XPTUSD |
| Name | Platinum vs US Dollar |
| Quote Currency | USD |
| Monday Open | 01:00 |
| Friday Close | 23:50 |
| Session Break | Daily: 23:55 - 01:00 |
| Spread As Low as (Quote Currency) | 7.42 |
| Commission | No |
| Contract Size (Per Lot) | 100 Troy Ounces |
| Minimum Contract Size (Lot) | 0.01 |
| Minimum Step Size (Lot) | 0.01 |
| Limit and Stop Level | 0 |
| Leverage Up To | 1:200 |
| Execution | Market |
| Trading Platform | MT5, Mobile App, WebTrader |
| Sector | Metals |
ZERO Deposit Fees
Choose from multiple (15+) deposit options such as Skrill, Neteller, Visa/Mastercard, Crypto, Local Bank and others with zero fees.
Global Market Access
Trade CFD's (1000+) on a wide range of instruments including Forex, Shares, Commodities, Indices, Precious Metals, Cryptocurrency and Energy.
Sub 30ms Latency Trading
Trades are executed through liquidity engines in LD4 and access servers in Asia, Europe and Africa.
€20,000 Protection per Claim
Clients are protected by the independent Financial Commission's Compensation Fund.
Choose from multiple trading options based on your preference of order types, indicators, charting tools, style of trading and operating environment.
XPTUSD pairs Platinum (XPT), a precious metal known for its rarity and wide range of industrial applications, with the US Dollar (USD), the world’s primary reserve currency. The value of Platinum, like other precious metals, is influenced by a variety of factors, making it an interesting instrument for Spot CFD traders.
Industrial Demand:
Platinum’s use in catalytic converters for automobiles, as well as in chemical and electrical applications, means its price is closely tied to industrial demand, particularly from the automotive industry.
Economic Conditions:
The health of the global economy can significantly impact Platinum prices. Economic growth typically boosts demand for automobiles, which in turn increases demand for Platinum.
Supply Constraints:
Platinum mining is geographically concentrated, with the majority of production coming from South Africa, followed by Russia. This concentration can lead to supply vulnerabilities, affecting prices.
Investment Demand:
Platinum is also viewed as a store of value. Investment demand, influenced by factors like inflation, currency movements, and economic uncertainty, plays a role in its pricing.
Comparison with Other Precious Metals:
Often, Platinum prices are compared with Gold and Silver, and its relative scarcity can sometimes lead to higher prices.
Platinum holds significant industrial and investment appeal. Due to its distinctive market dynamics, it provides a wealth of trading opportunities. To capitalize on potential trading opportunities effectively, a well-informed approach is necessary.
Stay Informed on Industrial Trends
Keeping up with developments in the automotive and other Platinum-using industries is crucial.
Monitor Global Economic Indicators
Economic growth indicators can provide insights into potential demand for Platinum.
Technical Analysis
Utilizing chart patterns and technical indicators will help in predicting price movements and identifying trading opportunities.
Risk Management
Given the potential volatility in Platinum prices, implementing effective risk management strategies is crucial for CFD trading.
Start trading XPTUSD now!
The price of platinum is influenced by factors such as global economic health, industrial demand (especially from the automotive industry for catalytic converters), mining supply and production costs, geopolitical events, and overall market risk sentiment. Platinum prices can also be affected by trends in other precious metals markets, like gold and silver.
Economic conditions, particularly in sectors that heavily use platinum like the automotive industry, can significantly impact platinum prices. Economic growth typically increases industrial demand for platinum, while a downturn can decrease demand.
Platinum CFDs can be traded throughout the trading week, but higher liquidity and volatility are often observed during the overlap of the major global trading sessions, particularly the European and U.S. sessions.
Traders often use strategies such as technical analysis, fundamental analysis, trend following, and sometimes pair trading with other precious metals. Understanding industrial demand trends can also be crucial in trading platinum CFDs.
Interest rate decisions from major central banks can influence platinum prices, as higher rates can strengthen the local currency and potentially make platinum more expensive, lowering demand. Conversely, lower rates can increase demand for platinum as an investment.
The strength of the U.S. dollar can significantly affect platinum prices, as a weaker dollar makes platinum cheaper for holders of other currencies, potentially increasing demand.
Yes, geopolitical events that impact global economic stability, mining regions, or major industrial sectors can affect platinum prices. Platinum can also occasionally function as a safe-haven asset.
New traders should understand the unique supply and demand dynamics of the platinum market, the economic factors influencing its price, and develop a sound risk management strategy. It’s important to understand how CFDs work, including the use of leverage.
Beginner or Advanced? View our full suite of tools and resources to help traders of all levels.
Get started quickly with our free forex trading course for beginners to level up on your trading knowledge.
Evaluate your risk, monitor profit or loss for each trade & estimate trading costs with our full suite of calculators.
Follow high impact news and events for the financial markets including the latest economic data.
Stay up to date with the latest fundamental and technical analysis from the Baxia Markets Analyst team.
Find answers to common questions and topics related to trading with Baxia Markets and the trading platforms.
View our collection of free educational resources to help you become a profitable trader and learn risk management.
More than 1000 CFD instruments to trade on multiple asset classes with one broker.
Forex
Precious Metals
Crypto CFDs
Energy
Indices
Commodities
Shares
BAXIA LIMITED
BAXIA GLOBAL LIMITED
Join the community
Risk Warning: Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Baxia Markets, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing the entirety of your initial investment). You must assess and consider them carefully before making any decision about using our products or services.
Baxia Global Limited is a company registered in Seychelles with registration number: 8426970-1, and is regulated by the Financial Services Authority of Seychelles with License number: SD104.
Baxia Limited is a company registered in The Bahamas with registration number: 177330 B, and is licensed and regulated by The Securities Commission of The Bahamas (SCB), (SIA-F234).
Baxia Holdco Ltd, a company incorporated in the Republic of Cyprus with registration number ΗΕ 413062, at 4 Agiou Georgiou Makri, 6037 Larnaca, Cyprus, is a Paying Agent of Baxia Global Ltd. All payments related to Paysafe and other companies are processed by Baxia Holdco Ltd.
Baxia Markets is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of Baxia Markets clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.
The information on this website is general in nature and doesn’t take into account your personal objectives, financial circumstances, or needs. It is not targeted at the general public of any specific country and is not intended for distribution to residents in any jurisdiction where that distribution would be unlawful or contravene regulatory requirements. Baxia Markets does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan/Republic of Sudan, Syria, Iran, Iraq, South Sudan, Venezuela, Libya, Belarus, Afghanistan, Myanmar, Russia, Crimea, Donetsk, Luhansk, Palestine, Yemen and North Korea.