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Best Platinum ETF UK – Compare Top ETFs 2021

If you’re scouting for a precious metal investment you can bet your money on; platinum should fit right in. Rising inflation has led investors to rethink dumping their funds in the bank. The good thing about investing in a platinum ETF is that you don’t need to own platinum or store the precious metal physically.

Instead, you can refocus your strategy in buying shares of the best platinum ETFs UK to gain access to platinum with convenience. This guide presents an undiluted view on how you can gain access to platinum through the best platinum ETFs UK.

Best Platinum ETF UK 2021 List

Here’s a list of the best Platinum ETF UK that you can invest in right now. You can scroll down to read the full analysis of each ETF.

  1. Aberdeen Standard Physical Platinum Shares (PPLT)– Overall Best Platinum ETF UK – Invest Now
  2. GraniteShares Platinum Trust (PLTM) – One of the Best ETFs to trade Platinum in the UK – Invest Now
  3. iPath Series B Bloomberg Platinum Subindex Total Return ETN (PGM) – Best Performing Platinum ETF Index – Invest Now
  4. Sprott Physical Platinum and Palladium Trust (SPPP) – Best Platinum ETF UK to own Platinum bars.
  5. WisdomTree Physical Platinum- Best Platinum ETF UK for Tracking Platinum Spot Price
  6. iShares Physical Platinum ETC – Best Platinum ETFs UK for Monitoring Stock Price
  7. Nornickel – World’s Largest Producer of Platinum.
  8. Anglo American Platinum – World’s Largest Platinum Mining Company.
  9. Impala Platinum – Best Platinum Mining Company.
  10. Northam Platinum Ltd. – Best-performing Platinum Company.

Best Platinum ETFs UK Reviewed

In compiling this list, we spent a considerable amount of time researching the best platinum ETFs UK investors can invest their money in. The list of the best platinum ETF was categorized using these factors:

  • The type of platinum ETF
  • Does physical platinum back the ETF?
  • What stock exchange is the platinum ETF listed on
  • How much do they charge as annual fees
  • The financial position of the ETF provider
  • The minimal investment you can make in the platinum ETF

Putting all these factors into consideration, we came up with several leading ETFs and platinum stocks that give you the right market exposure to platinum.

1. Aberdeen Standard Physical Platinum Shares (PPLT)

The Aberdeen Standard Platinum ETF Trust solely manages the Aberdeen Standard Physical Platinum Shares with ticker symbol PPLT. The precious metal investment company provides exposure to investors by letting them own shares that reflect the price of platinum.

PPLT is structured as a grantor trust and is listed on the London Platinum and Palladium Market. Its 1-year trailing total return stood at 29.7%, and its expense ratio was at a minimal 0.60%. PPLT holds $1.5 billion assets under management (AUM). The fund is backed by physical platinum held in a vault in London.

Like traditional investments like Ford Shares UK, you can enter and exit the market at any time you want during standard trading hours. This makes it easy for you to reposition your investments at any given time.

If you want to invest in this platinum ETF, we recommend eToro as you can easily trade without paying any commission. With a minimal deposit of just $50 (about £35), you can start your journey in owning platinum shares without breaking the bank.

Your capital is at risk.

2. GraniteShares Platinum Shares ETF (PLTM)

PLTM makes returns based on the performance of the ISE Global Platinum Index. PLTM provides a cost-effective means for investors to own platinum by tracking public companies’ prices in the platinum mining business. It allows investors to own physical platinum bars and coins and owns a vault in London.

PLTM has $42 million worth of assets under management (AUM) and a 1-year trailing total return of 29.7%. The ETF’s expense ratio sits at 0.50% and it has a 3-month average trading volume of 105,323. It currently trades at $11.73 up 0.33% in the last 24hrs.

Your capital is at risk.

3. iPath Series B Bloomberg Platinum Subindex Total Return ETN (PGM)

PGM gives investors exposure to the Bloomberg Platinum Subindex Total Return. Structured as an exchange-traded note (ETN), the fund invests in futures contracts on platinum. Aside from this, the ETF also monitors the spot price of platinum after deducting expenses.

The subindex fund currently has $6.1 million worth of assets under management (AUM). It also made 26.8% in its one-year trailing total return and an expense ratio of just 0.45%. Its three months trading volume stands at 831 and the issuer is British financial firm Barclays Capital.

Your capital is at risk.

4. Sprott Physical Platinum and Palladium Trust (SPPP)

SPPP holds physical bullion instead of derivatives securities. In March 2020, the exchange-traded fund had more than 24,000 ounces of platinum and 44,000 ounces of palladium, the highest in the said period.

The ETF has rallied significantly making returns of 6% annually since being founded in 2012. The ETF also has an expense ratio of 1.29%. The trust’s holders can redeem their units for physical platinum and palladium monthly as long as they satisfy the stipulated requirements.

Your capital is at risk.

5. WisdomTree Physical Platinum (PHPT)

PHPT offers platinum investors a simple and cost-effective means to access the platinum market. The ETF offers insight by monitoring prevalent platinum spot price and bills investors a management fee.

PHPT holds physical platinum held by the HSBC Bank plc who serves as the custodian. Each platinum issued meets the basic Good Delivery requirements of the London
Platinum and Palladium Association. Each platinum bar is separated, individually labeled, and allocated.

PHPT has around $735 million worth of assets under management (AUM).

Your capital is at risk.

6. iShares Physical Platinum ETC (SPLT)

SPLT has over $151 million worth of assets under management (AUM) and a net expense ratio of 0.20%. The ETC aims to track the returns of the platinum spot price.
It holds physical platinum and offers investors a single commodity exposure. In the last year, its trailing total return was 10.36% and its benchmark was 10.71%.

Your capital is at risk.

7. Nornickel (NILSY)

NILSY offers direct exposure to physical platinum. It has a trading volume of 249,674 as of March 2021. NILSY has over $7.8 million assets under management (AUM), and its one-year trailing total return stands at 26.15%.

It also permits investors to hold other precious metals like palladium, copper, and nickel.

Your capital is at risk.

8. Anglo American Platinum (NGLOY)

NGLOY is a UK-based mining company exploring and mining precious metals, base metals, and ferrous metals. The company produces ore, manganese, copper, platinum, diamonds, and nickel.

NGLOY has a net revenue of $27.6 billion and a market cap of $34.1 billion. It is tradable on over-the-counter (OTC) secondary markets and has a 1-year trailing total return of 7.3%.

Your capital is at risk.

9. Impala Platinum (IMP)

IMP has an average trading volume of 212,046 and a market cap of $14.56 billion. It engages in the exploration and mining of precious metals and is headquartered in Johannesburg, South Africa.

It also mines for platinum group metals (PGM) and a P/E ratio of 6.27%. Its forward dividend and yield is 4.98%.

Your capital is at risk.

10 Northam Platinum Ltd. (NHMJ.F)

NHJM.F is an independent platinum group metal (PGM) producer. NHJM.F offers three major metals from its two mining sites. It offers exposure to physical platinum, palladium, and rhodium. It has a market cap of $130 million and a forward P/E ratio of 9.91%.

It has a trading volume of 110,069 and offers a volume of 615.

Your capital is at risk.

Are Platinum ETFs a Good Investment?

Platinum exchange-traded funds (ETFs) have surged over the years, with demand outstripping supply for the past eight years. ETFs, give investors exposure to some investments through an entity. When you purchase shares of an ETF, you are buying a fraction of that entity and, in turn, the assets it owns.

And as such, ETFs are created to meet different investment goals. ETFs are known to offer a wide range of investments, including stocks, bonds, and volatile assets like gold. Platinum also has an ETF dedicated to monitoring its price changes.

Even as industrial use cases consume more than 50% of all produced platinum, investors are already looking into the rare commodity market to make a fortune.

Notable results from the sector have seen the Aberdeen Standard Platinum Shares ETF (PPLT) increase 43.1% in the past year. GraniteShares Platinum Trust (PLTM) rallied as well, posting a rise of 44.5%, rounding up a remarkable year for the precious metal.

Just like gold, many investors and fund managers see physical platinum as a good store of value in an economically uncertain year.

With gold getting a huge chunk of the capital, many investors are looking at platinum as a more cost-effective alternative despite its volatility.

An ounce of gold went for $1,818.9, while platinum’s spot price was $1 251.5 per ounce in Q1 2019. Many investors are climbing on the platinum train as more bullish positions have been recorded since February. According to data released by the US Commodity Futures Trading Commission (CFTC), platinum owned 3.9 million troy ounces of metal against 3.4 million troy ounces in the past year.

But even at that, ETFs are double-edged swords. Just like any other ETFs in the commodity trading sector, platinum ETFs have their pros and cons

Pros:

  • Lower expense ratios
  • Tax efficiency
  • Trades you execute are no different from traditional stocks
  • You get to diversify your funds to other platinum stocks.

Cons:

  • High trading costs
  • The platform’s not flexible enough
  • Difficulty in buying partial shares

But given these facts, platinum is still an exciting commodity to hold. With the Chinese automobile industry betting big on hydrogen-powered buses and cars, platinum may see its valuation surge further.

Another important attribute that makes the precious metal desirable is its scarcity. Platinum is one of the toughest metals to mine, and supply has continued to dip year-over-year even as demand from the auto industry is rising.

Best Platinum ETFs UK Investment Platforms 2021

Now that we have covered the best platinum ETFs extensively for UK investors, we will set our sights on the best platinum ETF investment platform.

It would be best if you considered several things before settling with a commodities trading broker – as the minimum amount for entry, whether it supports your preferred platinum ETF, and what fees you are likely to pay.

You will also need to investigate if they are regulated by the Financial Conduct Authority (FCA) and what payment options they support.
We know the amount of time you will have to spend in gathering this information, and that is why we have taken the step to breakdown the best commodity trading platforms for you.

  1. eToro – Buy The Best Platinum ETFs UK With 0% Commission

eToro is the best commodity trading broker for new investors. The trading platform is regulated by the FCA and has over 17 million active users. Its social trading platform makes it easy for investors to trade assets on the eToro platform at competitive prices.

The most satisfying detail is the ease of trading the best platinum ETFs UK on the eToro platform for trading.

One thing that stands out from the others is that eToro lets traders place orders in platinum stocks and ETFs without paying any commission fees. This reduces your cost as only the expense ratio levied by the ETF provider is deducted.

The Contracts for Difference (CFD) platform also has another superpower- it has a low entry bar of just $50, making it easy for you to buy the best platinum ETFs with a little capital.

Invesco S&P 500 High Dividend Low Volatility ETF

Even though eToro does not offer a CopyPortfolio for platinum, other commodities like the best gold ETF UK, best silver ETF UK, and oil have a CopyPortfolio. This initiative is an in-house managed portfolio that lets you invest in a basket of ETFs in the commodities. It comes at no extra cost to you, making it an excellent choice for those looking for a passive income.

Before moving on to other trading platforms, eToro offers the best platinum ETFs for UK investors, over 2,400 stocks from 17 different markets, cryptocurrencies, and more, making it the ideal place to get the best ETFs UK.

Pros:

  • Community-centered trading platform
  • 150+ ETFs available to trade
  • Great for new investors
  • Regulated by the FCA and CySEC
  • Zero commission platform
  • The in-house portfolio managed funds

Cons:

  • Not suitable for advanced traders looking to perform technical analysis
  • High non-trading fees
  • Works mostly with US Dollars
  • No ISAs and SIPPs
  • Overnight charges

67% of retail investors lose money trading CFDs at this site

4. Fineco Bank

FinecoFineco logo is not so popular in the UK. But, it’s a superstar in Italy. The brokerage house was founded in the 20th century, and it keeps getting better like old wine. Fineco offers international shares exposure, Roblox shares UK, commodities like gold, oil, natural gas, and palladium.

The platform has a minimum deposit aggregate of 250 Euros. Fineco Bank will not penalize you for inactivity, and it doesn’t charge fees for deposits or withdrawals. Concerning payments, it gets clunky from there on out. Fineco customers in the UK can only make deposits through UK bank wire transfers. This severely limits your payments and withdrawal options.

Fineco powerdesk

Finally, its charting tools are too basic and a turn-off for investors with deep pockets. Besides these hiccups, it is a great platform to place your trade. Its mobile trading app is easy to use. It allows investors to pick their positions, set alerts and watchlists on the move. Newbie traders, you can easily get started with several instructional videos available on the platform.

Pros:

  • Low non-trading fees
  • A great mobile experience for trading
  • Established brand with knowledge of the industry

Cons:

  • Limited deposit and withdrawal options
  • Charges management fee for ETF investing
  • Few educational tools for new traders
  • Limited market offerings
  • Poor charting tools

67% of retail investors lose money trading CFDs at this site

How To Buy The Best Platinum ETFs UK

Now that we have gone through the best brokers that will let you buy the best platinum ETFs UK, we need to show you practical steps to get started on your journey to own your best platinum ETF. eToro is our preferred platform due to the ease of getting started.

Step 1: Sign up to get started

The first step you will need to take is to visit eToro’s official website and click on the “Join now” button.

67% of retail investors lose money trading CFDs at this site

The process is easy, and you should get started in no time. If you are not in the mood to type in your email and deal with the other requirements, you can connect your Facebook or Google account to sign up. It makes it easier and faster.

Step 2: Confirm your account

The next step is to verify your identity on the platform. You will be asked to upload some form of official means of identification. The best bet is to use your driver’s license or an official passport to sort this through.

That is not all. As the FCA regulates the eToro platform, you will also be asked to upload your recent utility bill or your bank statement showing your home address.
If you are in a hurry to begin, you can still suspend uploading these documents, but this will limit your deposits and withdrawals to just $2,250.

Step 3: Make your first deposit

The next step is to make your first deposit to your eToro trading account. It’s straightforward and simple, to begin with. You make deposits on the eToro platform using the following payment options:

  • Credit card
  • Debit card
  • Paypal
  • Skrill
  • Neteller
  • Bank wire transfer

You can choose whichever is convenient for you and begin trading.

Step 4: Search for Platinum ETF

You can search for the best platinum ETFs you want to invest in by typing in the search bar on the dashboard’s top. For example, you can look for “Aberdeen Standard Physical Platinum Shares ETF” on the search tool.

67% of retail investors lose money trading CFDs at this site

If you feel like going through the entire ETFs offerings, you can click on the “Trade Markets” button and selects “ETFs” to go through all ETFs on the platform.

Step 5: Place your Platinum ETF order

After selecting the platinum ETF you want to invest in, you need to place an order to get started. Select the amount you want to trade with, and the amount will be automatically deducted from your eToro trading balance.

Conclusion

This guide details the best platinum ETFs investors can use to gain exposure to precious metals. Platinum itself is a metal with many practical uses, and if you are looking for a long-term financial stake, it should fit right into your plans. But that’s not all.

We have also shown you the best platform you can use to purchase your ETF— and that is eToro. eToro has a zero-commission fee that makes trading enjoyable, allowing you to maximize your potential investments in the physical metal. And with its low bar of entry, it makes it super convenient for anyone to invest in what you want.

eToro has an incredible reward system for you for bringing your family and friends over to the platform. Through its referral program, any person that registers through your link would see you gain $50 once they fund their account.

eToro also rewards new customers who were referred by an existing user with $50. So, get your friends and family on eToro and start making passive income without bothering to trade.

eToro – Buy the Best Platinum ETF UK with 0% Commission

67% of retail investor accounts lose money when trading CFDs with this provider.

FAQs

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About Jimmy Aki PRO INVESTOR

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.

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