PLAT Price | SimpleFX: Free Trading & Investing App ```json { "@context": "https://schema.org", "@type": "FinancialProduct", "name": "Platinum", "description": "Trade Platinum with SimpleFX. Real-time financial instrument trading with competitive spreads, and professional trading platform.", "identifier": "PLAT", "category": "Financial Instrument", "provider": { "@type": "FinancialService", "name": "SimpleFX", "url": "https://basitfx.com", "description": "Online Trading Platform", "areaServed": "Worldwide" }, "mainEntityOfPage": { "@type": "WebPage", "@id": "https://basitfx.com/instruments/plat" }, "url": "https://basitfx.com/instruments/plat", "sameAs": [ "https://www.cmegroup.com/company/nymex.html" ], "offers": { "@type": "Offer", "price": 2156, "priceCurrency": "USD", "availability": "https://schema.org/InStock", "seller": { "@type": "FinancialService", "name": "SimpleFX" } }, "additionalProperty": [ { "@type": "PropertyValue", "name": "Spread", "value": "5.8 pips" }, { "@type": "PropertyValue", "name": "Contract Size", "value": 5 }, { "@type": "PropertyValue", "name": "Margin Currency", "value": "USD" } ] } ``` ```json { "@context": "https://schema.org", "@type": "InvestmentOrDeposit", "name": "PLAT Trading", "description": "Learn how to trade PLAT with SimpleFX's professional trading platform.", "category": "Trading Strategy", "provider": { "@type": "FinancialService", "name": "SimpleFX" }, "mainEntityOfPage": { "@type": "WebPage", "@id": "https://basitfx.com/instruments/plat" } } ``` ```json { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://basitfx.com" }, { "@type": "ListItem", "position": 2, "name": "Instruments", "item": "https://basitfx.com/instruments" }, { "@type": "ListItem", "position": 3, "name": "Metals", "item": "https://basitfx.com/instruments/?category=metals" }, { "@type": "ListItem", "position": 4, "name": "PLAT" } ] } ``` ```json { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "What is Platinum (PLAT) and how can I trade it?", "acceptedAnswer": { "@type": "Answer", "text": "Platinum (PLAT) is a financial instrument CFD available on SimpleFX. You can trade it by creating a free account, depositing funds, and opening a position directly from the trading platform. No minimum deposit is required." } }, { "@type": "Question", "name": "What is the spread on PLAT?", "acceptedAnswer": { "@type": "Answer", "text": "The target spread on PLAT at SimpleFX is 5.8 pips. SimpleFX uses a spreads-only pricing model with no additional commissions." } }, { "@type": "Question", "name": "What leverage is available for PLAT?", "acceptedAnswer": { "@type": "Answer", "text": "PLAT can be traded with up to 1:100 leverage on SimpleFX, which corresponds to a margin requirement of 1.00%. Leverage amplifies both potential gains and losses." } }, { "@type": "Question", "name": "What currency is PLAT margined in?", "acceptedAnswer": { "@type": "Answer", "text": "PLAT positions on SimpleFX are margined in USD. Your account balance in USD is used to cover the margin requirement for this instrument." } }, { "@type": "Question", "name": "What is the contract size for PLAT?", "acceptedAnswer": { "@type": "Answer", "text": "The standard contract size for PLAT on SimpleFX is 5. Position sizes are calculated based on this contract unit." } } ] } ``` 78% of retail investor accounts experience cash losses as a result of trading CFDs with this CFD provider. CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 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English AR - العربية ES - Español FR - Français HI - Hindi ID - Bahasa Indonesia KO - Korean MY - Malay PT-BR - Português RU - Русский TH - ภาษาไทย TR - Türkçe VI - Tiếng Việt ZH - 中文 * [](/ "Home") * [Instruments search](/instruments) * [Metals instruments](/instruments/?category=metals) * PLAT [Platinum price](https://app.basitfx.com/instruments/PLAT) ========================================================== Platinum -------- 2 151.2 USD \-22.00 (-1.02%) 1H 4H 1D 1W 1MN PLAT Key Statistics ------------------- Open price 2163 High today 2162.6 Low today 2140.4 52 Week high 2920.6 52 Week low 1039.4 ##### Trading hours \-12:00 \-11:00 \-10:00 \-09:00 \-08:00 \-07:00 \-06:00 \-05:00 \-04:00 \-03:00 \-02:00 \-01:00 UTC 00:00 +01:00 +02:00 +03:00 +03:30 +04:00 +04:30 +05:00 +05:30 +05:45 +06:00 +07:00 +08:00 +09:00 +09:30 +10:00 +11:00 +12:00 +12:45 +13:00 +14:00 UTC 00:00 Sunday \- Monday \- Tuesday \- Wednesday \- Thursday \- Friday \- Saturday \- ##### Symbol trading specification Description PLAT Exchange NYMEX Base Currency USD Quote Currency USD Contract size 5 Margin 1.00%\* \* for 1:1000 account leverage Tick size 0.1 Target Spread 5.8 Stop levels 0 Swap - Buy \-0.0334% Swap - Sell \-0.0051% Minimum contract size 0.01 Maximum contract size 100 Type Metals [Trade Platinum](https://app.basitfx.com/instruments/PLAT/chart) ### About PLAT **Platinum plays a pivotal role in the precious metals market, reflecting Platinum's value not only as an investment but also for its industrial applications. As a metal with both luxurious appeal and practical uses, understanding the PLAT price is essential for market participants.** #### What is Platinum? PLAT, representing Platinum, is a precious metal known for its rarity, durability, and catalytic properties. The SimpleFX platform provides a demo account for investors eager to explore [how to trade PLAT](/how-to-trade/PLAT). This feature offers a risk-free environment to develop trading strategies without financial commitment. Moreover, SimpleFX offers the possibility of leverage in live account trading. This account is specially tailored for those taking the first steps in trading due to the lack of a minimum deposit. #### How does Platinum work? Trading Platinum requires understanding its diverse applications and the factors influencing its supply and demand. Through the SimpleFX platform, traders can utilize futures contracts to speculate on Platinum's price direction. The PLAT price is influenced by industrial demand, particularly from the automotive sector for catalytic converters, jewellery manufacturing, and investment interest. Additionally, supply constraints, mining production levels, and geopolitical factors affecting regions with a production of Platinum can significantly impact the price. Learning [how to invest in PLAT](/how-to-invest-in/PLAT) on SimpleFX involves navigating those complexities to make informed trading decisions. #### Current PLAT price The current **PLAT price** is subject to fluctuation due to the market's volatility. Investors can check it on the chart, the SimpleFX Webtrader platform, or the mobile app. #### Platinum price history Platinum's price history is characterized by periods of volatility, influenced by shifts in industrial demand, changes in mining output, and investment flows. Understanding these price movements is critical for exploring future trends and developing strategies that capitalize on market dynamics. #### Platinum market cap While market capitalization is more commonly associated with equities, in the context of PLAT, it refers to the total value of all outstanding Platinum contracts at the current market price. In the chart above, traders can check the current PLAT price and market cap. [Read more Close](#) Similar instruments [Copper COPPER 6.4825  \-0.00 (-0.08%)](/instruments/COPPER)  [Palladium PALL 1 527.6  \-8.00 (-0.52%)](/instruments/PALL)  [Silver(A$) XAGAUD 119.445  \-1.10 (-0.92%)](/instruments/XAGAUD)  [Silver($) XAGUSD 86.433  \-0.92 (-1.06%)](/instruments/XAGUSD)  [Gold(A$) XAUAUD 6 579.07  \-8.59 (-0.13%)](/instruments/XAUAUD)  [Gold(€) XAUEUR 4 044.37  \-7.74 (-0.19%)](/instruments/XAUEUR)  [Gold($) XAUUSD 4 761.93  \-7.21 (-0.15%)](/instruments/XAUUSD)   ##### Trade Platinum the Simplest way. 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