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Platinum - Cash price

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About Platinum - Cash

Platinum is a chemical element and precious metal derived from the term “little silver” in Spanish. It has the chemical symbol Pt and an atomic number of 78 from the periodic table. It is a dense, malleable, ductile and grey-white metal that is one of the least reactive to water, acid or oxidation. It also has a very high melting point. Platinum is obtained naturally as a by-product from nickel and copper ore mining and processing, as one of the Earth’s rarest elements. It used for a number of processes in different markets, including as a catalyst in chemical reactions, alloying agent for electrical contacts and medical instruments, and for the manufacturing of automobiles. For this reason, platinum’s price is mainly influenced by supply and demand in the automotive industry, although the majority produced comes from South Africa, which is a more cost-effective manner. It is also one of the most popular precious metals among commodity traders. Start spread betting or trading CFDs on our Platinum – Cash price.

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Trading details

minimum spread
N/A
minimum size (new)
0.001
Shorting allowed
Yes
GSLO allowed
No

Holding costs

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Daily - Buy
0.00
Yearly - Sell
0.00
Yearly - Buy
0.00

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There are a number of costs to consider when spread betting, including spread costs, holding costs (for trades held overnight which is essentially a fee for the funds you borrow to cover the leveraged portion of the trade), rollover costs on expiring forward trades, and guaranteed stop-loss order charges (if you use this risk-management tool).
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Is CMC Markets UK plc regulated by the FCA?

Yes, CMC Markets UK plc (registration number 173730) and CMC Spreadbet plc (registration number 170627) are fully authorised and regulated by the Financial Conduct Authority (FCA) in the UK. Retail client money is held in segregated client bank accounts and money held on behalf of clients is distributed across a range of major banks, which are regularly assessed against our risk criteria.

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Yes, your eligible deposits with CMC Markets are protected up to a total of £85,000 by the Financial Services Compensations Scheme (FSCS), the UK's deposit guarantee scheme. More information about FSCS is available here

How does CMC Markets segregate client money?

Under the FCA's Client Money rules, we are required to segregate client money (unless you agree with us otherwise) from CMC's own funds. The funds held in segregated bank accounts do not belong to CMC and will be held in a way that enables it to be identified as client money. Learn more about client money regulations

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Our income primarily comes from our spreads, while other fees, such as overnight holding costs, make a minor contribution to overall revenue.

We never aim to profit from our clients' losses. Our aim is to build long-term relationships by providing the best possible trading experience through our technology and customer service.

 

Platinum - Cash FAQ

Is platinum a good investment?

Platinum prices have rarely fallen lower than gold in the last 40 years. Platinum is often considered a lower risk investment due to its precious underpin, and performs well during economic recovery periods. Learn more trading on commodities such as platinum.   

Is there a future for platinum?

Demand for platinum and platinum-based products comes from four main sectors: automotive, industrial, jewellery, and investments. There is rising demand for platinum in all four of these sectors due to increasing demand for cleaner fuel exhausts, the manufacturing of nitric acid for industrial fertiliser, demand for jewellery in countries with growing populations/wealth such as India and China, and a growing investor base assisted by the World Platinum Investment Council.  

What is the highest price platinum has ever been?

In March 2008, platinum reached a historical high of US $2,252 per troy ounce (31.1034768 grams). 

Does platinum hold its value?

Platinum, like other precious metals, has intrinsic value, and therefore tends to hold its value and is often used to balance risk within a portfolio. However, the price of precious metals such as platinum is still subject to change, mainly owing to factors such as supply and demand and technology advancements. Client sentiment and overall market confidence can also play a large role in the price of a commodity such as platinum. Learn more about our sentiment indicator. 

*CFD median trade execution time, CMC Markets financial year 2020-21.**Core platform uptime, CMC Markets financial year 2020-21.^Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK†310,363 active clients, CMC Markets financial year 2021-2022. Active clients represent those individual clients who have traded with or held CFD or spread bet positions, or who traded on the stockbroking platform, on at least one occasion during the financial year.

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