Platinum Spread Betting


cf_market_short Trading Guide

The CleanFinancial guide to Platinum spread betting.


Live Platinum Chart & Prices

The real-time CFDs chart and prices below provides you with a handy guide to the Platinum market.


The above Plus500 chart usually shows the Platinum futures market.

Where Can I Spread Bet on Platinum?

Investors can currently take a view on Platinum by opening an account with a number of spread betting firms:



Platinum Trading News


1 January 2018, 5:22pm, Updated Platinum COT Report

The latest Commitments of Traders Report (COT) for Platinum has been released by the CFTC, see our Platinum COT report below.

We have also updated our Commodities COT Summary Report.

Update by Gordon Childs, Editor, CleanFinancial
1 January 2018, 12:09pm, Updated Platinum COT Report

The latest Commitments of Traders Report (COT) for Platinum has been released by the CFTC, see our Platinum COT report below.

We have also updated our Commodities COT Summary Report.

Update by Gordon Childs, Editor, CleanFinancial

» For more see Commodities Trading News & Analysis.


Professional Charting Packages for Platinum

If you would like to study spread betting charts and prices for Platinum, you will normally require a financial spread betting account.

Please note that opening such an account is subject to suitability, credit and status checks.

Should your account application be approved then you can log on to analyse the charts and the current prices. On most platforms, these will be provided for free, however, the catch is that you’ll probably get the odd newsletter or sales call from your chosen spread betting firm.

Of course, if you do decide to trade then, before starting, you should note that financial spread trading and CFD trading carry a high degree of risk to your capital and can result in losses that exceed your initial deposit.

Whilst charting software/packages normally vary between firms, to aid your analysis, most charts usually have valuable tools and features, including:
  • A wide range of time periods, for example, 1 minute, 1 hour, 4 hours etc
  • Different views, for example, bar, line and candlestick charts
  • Tools for drawing features, for example, Fibonacci Fans, Time Zones and Arcs
  • Chart overlays and indicators, for example, Bollinger Bands, Parabolic SAR etc
Charts on FinancialSpreads.com also include advanced features like:
  • BackTesting
  • Customised email alerts that trigger when your chosen market reaches a pre-determined price

Example commodity candlestick chart



The companies listed below offer their users live prices/charts:


Where Can I Trade Platinum for Free?

Speculating on the financial markets always includes a degree of risk. Having said that, if you want to try a free Test Account, that lets you try spread trading, then see below for further details.

When deciding which trading option might work for you, also remember that spread betting, in the UK, is tax free*.

If you’re interested in a low cost spread betting website, you should keep in mind that you are able to trade Platinum with no commissions or brokers’ fees via companies like:


Free Demo Account

Should you want to have a look at a free Demo Account / Test Account that lets users try out financial spread betting, and trading markets such as the DAX 30, crude oil and Platinum, then have a look at:

Each of the above companies currently offer a free Demo Account which lets investors look at charts, apply a variety of orders and test new strategies.


How to Spread Bet on Platinum?

As with many global markets, investors can speculate on commodities futures, like Platinum, to go up or down.

At the time of publication the Platinum (January) market is $1,468.0 – $1,471.0 with FinancialSpreads.com. This market expires on 28-Dec-07.

Therefore you can spread bet on Platinum settling:

  Platinum Spread Betting Example Above $1,471.0, or
  Platinum Trading Example Below $1,468.0

By the expiry date of 28-Dec-07.

With the Platinum market, you trade in £x per tick, where a tick is $0.1 of Platinum price movement.

E.g. if your stake was £6 per tick and Platinum moves $0.7 (7 ticks) then that would be a £42 difference to your profits (£6 per tick x 7 ticks = £42).

Platinum Spread Betting Example

Taking the above spread of $1,468.0 – $1,471.0, let’s say you like the price and think that Platinum will finish above $1,471.0 by 28-Dec-07.

Therefore you buy at $1,471.0 for a stake of £3 per tick.

If by the closing date the price settles at $1,476.2, then:

Your profit is calculated by taking the difference between the closing level, ie $1,476.2 and the price you made the spread bet at, ie $1,471.0 and then multiplying that by the stake per tick.

Profit = ($1,476.2 – $1,471.0) x £3 per tick stake
Profit = $5.2 x £3 per $0.1 stake
Profit = £156 profit

Nevertheless if the market didn’t work out as expected and had platinum gone against you and finished lower at $1,464.4, then you would have lost on this spread trade.

Loss = ($1,464.4 – $1,471.0) x £3 per tick stake
Loss = -$6.6 x £3 per $0.1 stake
Loss = -£198 loss

Note: Spread betting example prices quoted: 08-Nov-07. Please note that Financial Spreads offer a range of commodities but they no longer offer platinum.


Platinum Commitments of Traders Report – 9 Jan 2018 (i)

Futures Only Positions, NYME, Code 76651, (Contracts of 50 troy ounces) (i)

Reporting Firms (i) Non-Reportable Positions (i)
Non-Commercial (i)
Commercial (i) Total Reportable (i)
 
Commitments (i) Open (i) Interest Commitments
Long (i) Short (i) Spreads (i) Long Short Long Short Long Short
52,710 24,056 2,751 16,091 50,746 71,552 77,553 80,569 9,017 3,016
 
Changes from 2 Jan 2018 (i) Change in (i) Open Interest Changes from
Long Short Spreads Long Short Long Short Long Short
1,468 -9,771 -145 -1,628 8,916 -305 -1,000 -1,108 -803 -108
 
Percent of Open Interest for Each Category of Trader (i)
Long Short Spreads Long Short Long Short   Long Short
65.4% 29.9% 3.4% 20.0% 63.0% 88.8% 96.3%   11.2% 3.7%
 
Number of Traders in Each Category (i) Total (i) Traders  
Long Short Spreads Long Short Long Short    
147 57 28 26 34 189 107 263    
 
Long/Short Commitments Ratios (i)   Long/Short Ratio
Ratio   Ratio Ratio   Ratio
2.2:1   1:3.2 1:1.1   3:1
 
Net Commitment Change (i)  
11,239  

Also see: