Platinum is a noble metal, with many uses including catalysts, electrical equipment, thermometers, and jewellery. South Africa accounts for nearly 80% of world supply, with US being the heaviest consumer of platinum mainly for the jewellery and automotive industries. Futures and options are a significant part of a group of elements referred to as the platinum group metals (PGMs).
| PARAMETERS | Trading Specifications per Account Type | |||||
|---|---|---|---|---|---|---|
| PREMIUM | ZERO | PRO | ||||
| Spreads as low as | 6.6 | 6.6 | 6.6 | |||
| Size of 1 lot | 50 Troy Oz | 50 Troy Oz | 50 Troy Oz | |||
| Minimum Contract size, lots | 0.01 | 0.01 | 0.01 | |||
| Maximum Contract size, lots | 60 | 60 | 60 | |||
| Tick value per 1 lot | 5 USD | 5 USD | 5 USD | |||
| Volume limitation | n/a | n/a | n/a | |||
| Margin requirement | 1500 USD | 1500 USD | 1500 USD | |||
| Minimum Price Increment | 0.1 | 0.1 | 0.1 | |||
| Limit and Stop Levels | 70.0 | 70.0 | 70.0 | |||
| Negative Balance Protection | Yes | Yes | Yes | |||
| Swap free days allowance | 0 | 0 | 0 | |||
