Platinum, a rare and non-corrosive metal, maintains its high value despite a smaller market share compared to gold and silver. Its limited market does not lessen its appeal as a desirable investment option. With global economies increasingly favoring environmentally friendly materials, platinum's status as an eco-friendly metal boosts its demand. Its ease of mining and consistent supply, coupled with price volatility, suggest a significant potential increase in its value in the coming years.
Excitingly, platinum is also tradable on eToro's platform. For a comprehensive understanding and personal insights, I invite you to explore my detailed guide on the subject.
76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
It's important to understand that trading platinum on eToro involves CFDs (Contracts for Difference), meaning you speculate on the price movement rather than owning the physical metal. CFD trading is appealing because it allows for speculative trading on commodity market movements without the need for physical ownership.
Having traded platinum on this broker on several occasions, I've identified numerous advantages:
Upon accessing the Platinum asset page on eToro, you're greeted by the Overview section, which serves as the default landing area. This section includes several key elements:
eToro's integrated tools enhance the trading experience:
How to trade platinum on eToro? To do this, simply search for the asset, choose "BUY" or "SELL," enter your investment amount, set your trading preferences, and execute the trade.
That concludes your guide to trading Platinum on this broker, whether through the web platform or the mobile app. Remember these tips and apply them strategically in your online trading journey.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.