Platinum forex group south africa

With our people at the heart of our business, we use innovative practices and the latest technologies to discover new resources and to mine, process, move and market our products to our customers — safely and sustainably. As a responsible producer of diamonds through De Beers , copper, platinum group metals, premium quality iron ore and steelmaking coal, and nickel — with crop nutrients in development — we are committed to being carbon neutral across our operations by More broadly, our Sustainable Mining Plan commits us to a series of stretching goals to ensure we work towards a healthy environment, creating thriving communities and building trust as a corporate leader.

We work together with our business partners and diverse stakeholders to unlock enduring value from precious natural resources for the benefit of the communities and countries in which we operate, for society as a whole, and for our shareholders.

By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Anglo American or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When demand is high in China, platinum prices can rise, while weaker Chinese demand can cause prices to fall.

This means that events in either of those countries can affect supply and affect the price. For example, Covid restrictions in South Africa in reduced mining activity and pushed up platinum prices. The use of platinum in fine jewellery has grown rapidly in recent years, driven by demand from China.

Therefore, the automotive industry has a significant impact on the price of the precious metal. When the auto industry is in good health, platinum prices tend to climb higher. Relatively high prices prompted manufacturers to substitute platinum with palladium. On the other hand, emerging fuel cell technology requires more than twice the amount of platinum than internal combustion engines.

New uses are emerging in electronics and medicine. As a result, manufacturing activity and economic data can have an influence on platinum prices as investors weigh in the effects on the industrial demand. How to trade platinum Do you want to learn more about how to trade platinum? There are several different options you can choose, depending on your trading strategy, experience and risk tolerance.

Platinum CFDs A CFD is a type of contract between a trader and a broker that allows speculating on a price difference between opening and closing the trade. Trading platinum CFDs limits the inconvenience of paying for platinum storage. In addition, CFDs give you the opportunity to trade platinum in both directions. No matter whether you have a positive or negative view of the platinum price forecast and predictions, you can speculate on either the upward or downward future price movement through opening a long or short position.

Platinum bullion If you prefer to trade the physical metal you can buy bullion bars and coins from a platinum trading company, in the same way that you can buy gold or silver bullion. This carries lower risk than using paper derivatives, but requires you to arrange storage and insurance for your metal to be kept safe and protected. With a futures contract, you are speculating on the price for the metal on a specified date in the future. This allows you to hedge against price fluctuations.

You can roll futures contracts forward rather than taking delivery of the metal on expiry. Platinum options Options are derivatives linked to futures contracts that allow investors to trade platinum without the obligation to buy or sell at expiry. Options contracts agree a strike price at a premium or discount to the current futures contract price.

You make a profit if the futures contract price moves toward the strike price, but lose the premium if the futures price moves away from the strike price. Platinum shares If you want to invest in the market indirectly by trading stocks , rather than derivatives, you can trade shares in companies that mine or refine platinum. Platinum producers refine the commodity as a by-product of mining other metals, so this can diversify your portfolio. But keep in mind that would also increase your exposure to other metal markets that may perform differently to platinum.

There are a few options for how to buy platinum stocks. You can buy and sell platinum shares directly or use exchange traded funds ETFs , options and contracts for difference CFDs to trade. Trading ETFs gives you the convenience of trading on exchanges while offering more diversification than investing in a single futures contract or company stock.

This approach spreads risk across a number of holdings, but also limits the gains you could make from a single platinum stock rallying. What is a platinum trading strategy? Before you start trading platinum, you should consider having a well-defined trading strategy to direct your decision-making. There are various types of strategies you can use to stay consistent and avoid panicking during heightened volatility or let emotional biases interfere with your trading.

News trading strategy A news trading strategy focuses on opening and closing positions on an asset in response to news developments such as geopolitical events, government policy statements and the release of economic data. Spread trading strategy Spread trading involves buying a futures contract and selling another futures contract against it. There are different types of spread trades, as you can trade calendar spreads — opening a long or short position on one futures contract and then opening the opposite position on another futures contract, for another month.

Alternatively, you can trade spreads between markets, such as platinum and gold.

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Endless number of uses. Factors which Affect the Platinum Price The unique properties of platinum put this metal into high demand in a diverse selection of industries. The platinum price has seen large changes over the years, and there are a factors which can cause changes in its value.

These factors include: In Comparison with Gold It is not uncommon for investors to compare the price of platinum to the price of gold trading. When the financial markets are stable, platinum is estimated to be worth approximately twice the price of gold. On the other hand, when the price of gold trends upwards the price of platinum usually goes down. Every so often these 2 assets have an inverse relationship to each. This means the amount of platinum mined in comparison to its global need.

This means that the regulatory organization procures some of the best-educated individuals in the field and promotes the service. This is called fair treatment promotions. The FSCA is also responsible for sharing all of the changes that happen to the companies under their regulatory jurisdiction.

The FSCA is now responsible for overseeing the whole financial market with its main goal being insurance of the effectiveness of new regulations. How are FSCA regulated brokers different from the rest? Why do we need to consider these licenses so much though? Is it really that important to have locally regulated brokers?

This is mostly because the FSCA, or formerly called FSB, was put in charge to regulate all of the financial institutions, including Forex brokers, to adhere to some of the core standards the country is requesting to make sure the legal safety of the individuals participating in this business. This means that everyone who goes against these regulations can and will be penalized not only financially but by criminal law as well.

Thus creating a safe environment to trade with South African forex brokers. The first and most important stage, the stepping stone of trading with a broker — legitimacy — comes from the FSCA license. Several illegitimate companies, which ended up scamming their users were not licensed or have had expired licenses. Enter Profit Trading, a company, which promised its users somewhere between 5 to 8 percent return per month.

After some time, when the company received enough client funds, the founder of the company disappeared and every penny deposited into their accounts vanished as well. It turned out that the company had a valid license at some point in the past, which had been revoked by then called FSB a couple of years prior to their disappearance. This means that they were operating illegally under the shade trying to scam their customers out of their savings.

This will give the user idea about the old or new South African forex broker and their standings in terms of law and accreditation. Most of the time, the broker will give out information about their license number, more so if it is working under a larger umbrella company. Beyond that, the Financial Sector Conduct Authority issues regular warnings and statements about their regulated FX brokers. This means that at any time, once one of these companies gets a fine or some kind of legal action taken against them by the FSCA the information is freely put out for everyone to see.

This means that the customer has the ability to keep an eye out about information about these companies and thus make sure that they keep trading with legit forex companies in South Africa. Beyond these warnings, the FSCA is known to release information about companies that are trying to lure in South African customers.

FSCA has information on its website about contacting them in case of such an emergency. This can lead to the customers getting a full refund in case of losses as FSCA requires its licensed companies to keep the client funds in a separate account. This in term means that even if the FSCA regulated Forex Broker goes bankrupt they still have the ability to issue full refunds. In addition to all of this even in the face of a novel coronavirus situation, some additional steps have been added for the brokers to keep everything under control and the customer base happy.

The shorter version of the list goes like this: FSCA very strictly controls the firms to keep away from profiteering off of those that are vulnerable and suffering. Customers need to be treated fairly and the companies have to stay mindful of the situation. Senior management has to be involved in regulating COVID response from every FSCA listed forex broker and regularly review whether the approach they are taking is being followed adequately by the lower tiers of the company.

There should be clear and continuous communication with the customers and all internal and external stakeholders about the situation revolving around COVID Reports have to be made every month about any major risks that could materially impact the fair outcomes to customers due to COVID Regulated Entities are responsible for continued oversight, monitoring, and control of all third parties.

In the face of pandemic alternative methods to ensure the fair outcome for customers has to be implemented. Financial institutions should be considering cyber-risks and address cybersecurity with utmost importance due to the fact that breaches may cause huge financial, as well as customer data, losses. Due to the wide roll-out of remote working capabilities, the risks are increasing and FSCA demands from regulated entities to take all of this into account and put down measures to prevent any and all security risks.

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