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15 Best Gold Trading Brokers for 2026

By
Dan Blystone
Reviewed By
Ola Alder
Updated: May 26, 2026
Advertising DisclosureWe prioritize rigorous, unbiased testing through our independent review process. While our ratings are objective, we receive compensation that may influence list placement. Learn how we make money

Gold reached fresh record highs in January of 2026, catching the eye of traders across the globe. Skeptics call it a barbaric relic. But gold serves as a store of value that can’t be debased and remains a popular hedge against inflation. And in an increasingly unstable world, it’s a safe haven for investors.

The yellow metal is also wildly popular as a day trading instrument, thanks to its liquidity and volatility. In my experience, gold has the tendency to trend well and respect key technical levels. All this adds to its magnetic appeal. Brokers offer access to the gold market through a variety of instruments. These range from spot gold to gold futures, gold ETFs, and gold mining shares.

Gold bugs naturally want to know which brokers provide the best conditions. We conducted weeks of hands-on testing for each one. Key features like gold spreads and available gold pairs were rigorously scrutinized.

We also looked at broader factors like execution during volatile conditions and available platforms. Above all, we considered safety and trust. We looked closely at the regulatory status of each broker. After careful side-by-side comparisons, we came up with the following list of winners.

Here are our picks for gold traders in 2026.

List of Top Brokers & Platforms to Trade Gold

Best Brokers for US Traders

3 gold futures contracts. Silver, platinum, and copper futures. Intuitive WebTrader platform. Low intraday margin requirements. Competitive commissions.

Best Brokers for International Traders

5 gold pairs. Exness Terminal platform. Sentiment data. TradingView charts. Responsive customer support. Low minimum deposit. High leverage. Fast withdrawals.

MetaTrader 4, MetaTrader 5. Fast execution. Free VPS hosting. Raw spread accounts. 12,000+ tradable instruments.

Tight gold spreads. 5,000+ tradable instruments. Capital.com Web Trader, Capital.com App, TradingView, MT4. News screener and market sentiment gauge.

Sub 12ms order execution. Spot gold, gold futures, GOLDgr. FxPro WebTrader, MT4, MT5, cTrader, TradingView platforms. In-house analysis, Trading Central, LiveSquawk.

Live webinars. Platform tutorials. Trading courses. 24/7 support. Proprietary platform. Low minimum deposit.

ECN account with raw spreads and low commissions. Direct Market Access. Full suite of MetaTrader platforms. MAM/PAMM Managed Accounts. VPS hosting.

In-house market research. Live market analysis videos. Trade ideas from Autochartist. Eight gold pairs. Excellent range of platforms.

Four account types + Islamic account and demo account options. STP/ECN accounts. Strong variety of commodity CFDs. Dedicated account manager available.

Tight spreads in gold. No inactivity fee. Free deposits/withdrawals. Strong range of account types. Fast order execution. Tickmill Trader, MT4, MT5, TradingView platforms.

Swap-free trading on all instruments. Better-than-average gold costs. Elev8Trader platform with TradingView-powered charts and integrated market research.

IG Academy. Live Webinars. 35 commodities, including gold, silver, and palladium. Tight spreads. Cutting-edge platform. Trading signals from Autochartist.

MT4, MT5, cTrader, TradingView platforms. Exclusive custom MetaTrader add-ons. VPS hosting. Trading Central and Autochartist. Rock-bottom spreads.

Cutting-edge app design. Spot gold, gold options, gold-related shares, and ETFs. Robust charting. +Insights tool. Sentiment data. Alerts. Two-factor authentication.

MT4 across web, desktop, and mobile. Custom MT4 Indicators. Copy trading and automated trading. Rich collection of educational materials.

*80% of retail CFD accounts lose money.

How Did FXEmpire Choose the Best Brokers and Platforms for Gold Trading?

We approached this the way serious traders do: with hard data, live testing, and no compromises. Using FXEmpire’s comprehensive methodology, our team of experts has identified each broker’s strengths and weaknesses.

  • First, trust. Every broker on our list is backed by at least one top-tier regulator. We examined corporate transparency, track record, and overall credibility before anything else.
  • Then we focused on costs that matter in gold trading: spreads, swaps, and fee transparency. If pricing wasn’t competitive, it didn’t make the cut.
  • We prioritized brokers that offer multiple ways to trade gold, from spot gold to gold options, gold futures, and gold ETFs.
  • Next came hands-on platform testing. We evaluated execution speed, order types, charting depth, watchlists, usability, and mobile performance under real market conditions.
  • We also stress-tested customer support via phone, live chat, and email, asking detailed questions to assess responsiveness and expertise.
  • Finally, we factored in the full trading experience: account opening, deposits and withdrawals, research tools, and educational quality.
  • Using our extensive broker database, we ran side-by-side comparisons to determine the standout performer in each category.

Now, let’s break down the brokers that made it.

Best Overall

General Risk Warning: CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can both increase and decrease and the investors may lose all their invested capital. Under no circumstances shall the Company have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs.
  • Min Deposit
    $10
  • Tradable Instruments
    293
  • Fees
    Low

Why We Picked It

Exness is a well-rounded broker. It achieved a high score in every category of our review. The company was founded in 2008 and now boasts a global presence. The polished Exness Terminal, along with MT4/MT5, provides access to hundreds of CFD instruments. I noted consistently tight spreads and low account fees. And perks like free VPS hosting and research from Trading Central underscore its appeal.

  • Maximum Gold Leverage: 1:2000
  • Average XAU/USD Spread: 16 cents
  • Available Gold CFDs: XAU/USD, XAU/GBP, XAU/EUR, XAU/AUD, BTC/XAU
  • Trading Platforms: Exness Terminal, MT4, MT5

Precious metals are a highlight at Exness. Traders have the flexibility of working with 5 gold pairs. Among these is gold against Bitcoin, which I rarely see at other brokers. In total, there are 15 metals available. These include exotic pairs like zinc and nickel.

Trading costs are also impressive. My tests showed gold spreads of 16 cents, beating industry averages by a wide margin. Professional accounts (Pro, Zero, Raw Spread) feature even lower costs with raw spreads from 0.0 pips plus commission. And a bonus for swing traders: gold trading is swap-free by default on Standard accounts.

Exness also went the extra mile in the area of research. A steady stream of reports by seasoned analysts is available in text and video formats. These are complemented by third-party research. Gold traders can access analyst views from Trading Central, showing expected percentage moves and target price levels.

Pros and Cons

Pros
  • Competitive trading costs
  • Feature-rich proprietary platform
  • Research from FXStreet and Trading Central
  • 24/7 customer support
Cons
  • Unavailable for retail traders in the EU and the UK

Best for Automated Trading

Forex trading involves risks.
  • Min Deposit
    $10
  • Tradable Instruments
    12062
  • Fees
    Medium

Why We Picked It

RoboForex launched in 2009 and offers a flexible framework for algo trading. Based in Belize, it is regulated offshore, but offers several client protections. These include membership with the Financial Commission and civil liability insurance of up to €2.5M.

  • Maximum Gold Leverage: 1:1000
  • Average XAU/USD Spread: 22 cents
  • Available Gold CFDs: XAU/USD
  • Trading Platforms: MT4, MT5, R StocksTrader

Gold traders can set up expert advisors (EAs) in MetaTrader 4 and MetaTrader 5 to automate their strategies. VPS hosting supports this with stable, uninterrupted execution. Raw spreads accounts are available, helping high-volume traders keep their costs minimal.

The barrier to entry is low, with a $10 minimum deposit, and you can test out your automated strategies risk-free with MetaTrader demo accounts. The maximum leverage is 1:2000 for forex pairs, while gold traders can access leverage of up to 1:1000. This is much higher than typical brokers. Base currencies include USD, EUR, and even gold.

I had a great experience with customer support. Agents were lightning fast to respond and available 24/7, via live chat, email, and phone. Replies consistently hit the mark. Another honorable mention goes to research. In-house materials include a news screener and advanced analytics. AI-powered market research from Acuity is also available.

Pros and Cons

Pros
  • 12,000+ tradable instruments
  • Acuity signals
  • Free VPS hosting
  • Reliable customer support
Cons
  • Limited range of trading instruments

Best for Day Trading

Depending on the company, 70% of retail investor accounts lose money when trading CFDs with Capital.com Group. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • Min Deposit
    $20
  • Tradable Instruments
    6313
  • Fees
    Medium

Why We Picked It

Capital.com was founded in 2016 and is based in Cyprus. The broker grabbed my attention with its innovative web platform. With over 5,000 CFDs, it also steals the show when it comes to tradable instruments. There is only one account type, which features spreads from 0.6 pips and zero commissions.

  • Maximum Gold Leverage: 1:200 (with global entity)
  • Average XAU/USD Spread: 30 cents
  • Available Gold instruments: XAU/USD, Gold futures, Gold Knock-Out options
  • Trading Platforms: Capital.com Web Trader, MT4, TradingView

The proprietary web platform has the features that day traders need, like 1-click trading and advanced charting. Traders have access to 107 technical indicators, comfortably beating the industry average. There are also nifty features like a built-in news screener and a market sentiment gauge.

Among over 5,000 CFDs, there are 97 commodities, much higher than the industry norm. And gold traders can choose between spot gold, gold futures, and gold options. The crypto offering of 540 digital assets is the largest I have ever seen. Along with CFDs, there are a total of 2,799 knock-out options.

Day traders can find plenty of inspiration among Capital.com’s educational materials. The YouTube channel features deep dives on technical indicators, debates with industry veterans, and platform tutorials. And the website has a ‘Learn to Trade’ section that is well structured and helpful for both beginners and advanced traders.

Pros and Cons

Pros
  • 5000+ CFDs
  • Strong plarform lineup
  • Sentiment data
  • No copy trading
Cons
  • No copy trading

Best Execution Speed

73% 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 money. (EU, UK)
  • Min Deposit
    $0
  • Tradable Instruments
    2090
  • Fees
    High

Why We Picked It

FxPro is one of the best-known brands in the forex and CFD industry. The London-based broker offers 2,100 CFDs across forex, indices, commodities, shares, ETFs, and crypto. I was especially impressed by the ultra-fast execution speeds and diverse platform selection. The most competitive trading costs are available via the Raw+ and cTrader accounts, which use the raw spreads plus commissions model.

  • Maximum Gold Leverage: 1:200
  • XAU/USD Spread: 34 cents
  • Available Gold CFDs: XAU/USD, XAU/EUR, gold grams, gold futures, SPDR Gold Shares (GLD)
  • Trading Platforms: FxPro Web Platform and mobile app, MT4, MT5, cTrader

Tight spreads are important, but they don’t mean anything if trade execution is slow. Execution speeds of under 12 milliseconds at FxPro may provide a substantial advantage for day traders. VPS hosting can further improve the experience with low latency and 24/7 trading uptime.

The platform lineup is among the largest I have seen at any broker. You can choose between FxPro WebTrader, MT4, MT5, cTrader, and TradingView. I found WebTrader the most intuitive and convenient, TradingView provides valuable social elements, and advanced traders may prefer MT4, MT5, or cTrader.

Research materials are well-suited to gold day traders. A steady flow of Elliott Wave analysis and macro commentary is published via the website. FxPro Squawk delivers real-time news alerts from the client portal. Third-party analysis from Trading Central is also available for funded account holders.

Pros and Cons

Pros
  • Cutting-edge platforms
  • Competitive costs
  • 2,100+ trading assets
  • Online trading courses
Cons
  • Inactivity fee

Best for Beginners

Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions.
  • Min Deposit
    $50
  • Tradable Instruments
    1056
  • Fees
    Low

Why We Picked It

Vantage is a multifaceted broker offering an excellent overall trading environment. It’s a great fit for beginners with a $50 minimum deposit and an intuitive web platform. Education resources are excellent, with diverse tools to support new traders. Vantage traces its origins to 2009 and is headquartered in Australia.

  • Maximum Gold Leverage: 1:2000
  • XAU/USD Spread: 18 cents
  • Available Gold CFDs: XAU/USD, XAU/EUR, XAU/AUD, BTC/XAUD, ETH/XAU
  • Trading Platforms: Vantage Web Trading and app, MT4, MT5, TradingView

Vantage checks all the boxes when it comes to education. The Vantage Academy has over 350 articles covering topics like technical analysis and commodity trading. There are 4 courses for beginners and a track dedicated specifically to gold traders. There are also weekly webinars led by experienced market professionals.

There are 4 platforms to choose from: the Vantage web platform, MT4, MT5, and TradingView. Among these, the Vantage web platform and TradingView are the most beginner-friendly. Pure demo trading is available. And it’s also possible to trade a live account in micro lots, which helps new traders gain experience while taking minimal risk.

There are over 1,000 tradable instruments, including CFDs on forex, commodities, indices, shares, ETFs, and crypto. I noted that gold traders have an unusually broad range of pairs to work with, including gold against Bitcoin (BTC/XAU) and gold against Ethereum (ETH/XAU).

Pros and Cons

Pros
  • Strong range of platforms
  • Low spreads, including on gold
  • Free VPS hosting
  • Educational webinars
Cons
  • Lacks real stocks

Best for Professional Traders

Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested.
  • Min Deposit
    $100
  • Tradable Instruments
    10180
  • Fees
    Low

Why We Picked It

FP Markets is a leading Australian CFD broker that launched in 2005. I confirmed that it is licensed and authorized by top-tier regulators like ASIC and CySEC. Thousands of instruments are available via leading retail and professional-grade platforms. You can choose between Standard and Raw spreads accounts, and I rate trading costs as competitive enough for professional traders.

  • Maximum Gold Leverage: 1:500
  • XAU/USD Spread: 28 cents
  • Available Gold CFDs: XAU/USD, XAU/EUR, XAU/AUD, SPDR Gold Shares (GLD)
  • Trading Platforms: MT4, MT5, TradingView, cTrader, Iress, Mottai

Standard account spreads at FP Markets are relatively tight. But for high-volume traders, I would recommend the Raw account, where you can find lower overall costs. The broker keeps fees to a minimum in other areas too. There are no inactivity fees, and deposits/withdrawals are free.

You are spoiled for choice with platforms at FP Markets. Reliable favorites like MT4 and MT5 are on hand, along with the better-designed cTrader. An intuitive interface and strong social features come with the TradingView platform. And the professional-grade Iress platform unlocks access to thousands of CFDs on shares.

Research is also top-notch. You can stay on top of the markets with the analyst views and technical insights commentary available in the Traders Hub. Third-party research from Autochartist identifies classic chart patterns and automatically maps support and resistance levels. Trading Central may also improve your trades with sentiment analysis and AI analytics.

Pros and Cons

Pros
  • Tight spreads
  • Great instrument variety
  • Personal account managers
  • Reliable chat support
Cons
  • Lacks proprietary web or desktop platform

Best Research Content

73–89% of retail investor accounts lose money when trading CFDs.
  • Min Deposit
    $0
  • Tradable Instruments
    1494
  • Fees
    Low

Why We Picked It

Headquartered in Melbourne, Pepperstone is a global brokerage powerhouse regulated by multiple top-tier authorities, including the FCA and ASIC. It provides access to more than 1,380 CFDs spanning all major asset classes, via multiple industry-leading trading platforms. Competitive pricing and strong research especially stood out to me.

  • Maximum Gold Leverage: 1:200
  • XAU/USD Spread: 17 cents
  • Available Gold CFDs: XAU/USD
  • Trading Platforms: Pepperstone web platform and mobile app, MT4, MT5, TradingView

Pepperstone provides regular market commentary from a team of seasoned in-house analysts. Text and video reports cover macro themes, economic data, and major events that could impact the markets. I especially liked the series called “The Trade Off” on the Pepperstone YouTube channel, where Chris Weston and Blake Morrow discuss key market drivers.

Education is another strength at Pepperstone. The Learn to Trade hub features guides on trading basics, market analysis, risk management, and platform tutorials. You can find tutorials on how to trade specific markets like silver. Along with the fundamentals, there are guides on more advanced topics like using Fibonacci or optimizing the performance of Expert Advisors (EAs).

Fees are low at the Aussie brokerage giant. When I tested the Standard account, spreads beat industry averages in almost every asset. The $15 spread in Bitcoin was especially good compared to the industry average of $51. And I recorded gold spreads as low as 14 cents, again much lower than the average of 36 cents. Raw spreads from 0.0 pips are available via the Razor account.

Pros and Cons

Pros
  • Ultra-fast execution of 30ms
  • Excellent research tools.
  • Live webinars
  • Cash rebates
Cons
  • Demo account limited to 30 days

Best Range of Accounts

Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved.
  • Min Deposit
    $50
  • Tradable Instruments
    311
  • Fees
    Medium

Why We Picked It

IronFX was founded in 2010. The Cyprus-based broker offers 300+ popular CFD instruments via the MT4 platform. My review showed that education and research are better than average. And in the area of account types, IronFX provides flexibility with 4 choices designed to accommodate different trader profiles.

  • Maximum Gold Leverage: 1:2000
  • XAU/USD Spread: 25 cents
  • Available Gold CFDs: XAU/USD, XAU/EUR
  • Trading Platforms: MT4

IronFX offers 2 Standard accounts (Floating and Fixed) with spreads starting at 1.2 pips. Pro account types offer lower trading costs. The raw spreads account (Raw ECN) features spreads starting from 0.0 pips plus commissions. The commission-free ECN VIP account has spreads from just 0.3 pips. And if you are interested in managing funds for others, Personal Multi-Account Manager (PMAM) accounts are available.

Education is another highlight at IronFX. The IronFX Academy includes structured video courses with quizzes at the end of each module. I liked the trading strategies course, with modules dedicated to news trading and momentum trading. Beyond courses, IronFX offers regular webinars, ebooks, and platform tutorial videos. You can find archived webinars on the IronFX YouTube channel.

The IronFX TradeCopier platform is an interesting resource for beginners and professional traders. If you are a beginner or don’t have time to trade, you can copy the strategies of top-performing traders in real time. Alternatively, if you are a successful trader, you can earn additional money when others follow your strategy.

Pros and Cons

Pros
  • Several account types for different trader profiles
  • Leverage ofup to 1:2000 on gold
  • Educational webinars
  • Copy trading service
Cons
  • Only one trading platform

Best Low Spreads

Trading Contracts for Difference (CFDs) on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade Contracts for Difference (CFDs), you should carefully consider your trading objectives, level of experience and risk appetite. It is possible for you to sustain losses that exceed your invested capital and therefore you should not deposit money that you cannot afford to lose. Please ensure you fully understand the risks and take appropriate care to manage your risk.
  • Min Deposit
    $100
  • Tradable Instruments
    649
  • Fees
    Medium

Why We Picked It

Tickmill was founded in 2014 and is based in Cyprus. It has emerged as a leading CFD broker with a well-rounded offering. In my tests, I recorded gold spreads of 22 cents, which beats the industry average. Tickmill also performs especially well in the areas of education and account types.

  • Maximum Gold Leverage: 1:1000
  • XAU/USD Spread: 22 cents
  • Available Gold CFDs: XAU/USD, XAU/EUR, SPDR Gold Shares (GLD)
  • Trading Platforms: Tickmill Trader, MT4, MT5, TradingView

While reviewing the Classic account, I noted some excellent spreads like 0.5 pips in the Dax 40, which beat the industry average of 2.4 pips by a wide margin. The Raw account offers raw spreads from 0.0 pips plus round-trip commissions of $6. For active traders, I would recommend using the Raw account for lower costs.

Tickmill went the extra mile with its educational resources. I found useful articles, videos, webinars, ebooks, and even a podcast to support your trading journey. Materials do a good job of going beyond the basics to also cater to experienced traders. I enjoyed watching archived webinars from veteran traders like Charlie Burton.

Platforms and tools are worth a mention. Clients can access the web-based Tickmill Trader platform, along with MetaTrader 4, MetaTrader 5, and TradingView. When using MetaTrader, performance can be enhanced with VPS hosting from BeeksFX. Clients can also use custom MetaTrader add-ons, like additional technical indicators and sentiment gauges.

Pros and Cons

Pros
  • Raw spreads accounts
  • Deep platform lineup
  • 20ms average execution
  • MetaTrader add-ons
Cons
  • Support not 24/7

Best for Swap-Free Trading

Elev8's services relate to complex derivative products that are traded over the counter. Trading with leverage involves a high level of risk and may not be suitable for all investors. Investing carries risks, and individuals should carefully consider their investment objectives, level of experience, and risk tolerance before making any investment decisions.
  • Min Deposit
    $25
  • Tradable Instruments
    256
  • Fees
    Medium

Why We Picked It

Founded in 2022 and headquartered in the Comoros Union, Elev8 is an up-and-coming forex and CFD broker with a unique offering: swap-free trading across all 260 available assets, including gold. This makes Elev8 a very attractive option for gold swing traders who hold their positions open over multiple days.

Key Features

  • Maximum Gold Leverage: 1:400
  • XAU/USD Spread: 35 cents
  • Available Gold CFDs: XAU/USD
  • Trading Platforms: Elev8Trader, MT4, MT5

I performed my tests on a Standard Elev8 account with no commissions and floating spreads from 0.6 pips. I captured an average gold spread of 35 cents, from which I calculated that it would cost you around $35 to trade one full contract (100oz) on the precious metal, which is marginally better than the industry average of $36.56.

I ran tests on the Elev8Trader platform, which features 50+ analytical tools and chart configurations, and supports all basic order types – market, limit, and stop. The greatest perk of the platform is its integration with actionable AI-generated trading signals, helping gold traders spot viable entries as they occur.

I also appreciated the platform’s fluid and easily scalable chart visuals, powered by TradingView. Price action is represented in great detail, and gold traders can zoom in on even the most minute trading opportunities with ease.

Pros and Cons

Pros
  • Swap-free trading on all assets
  • Competitive gold spreads
  • Flexible Elev8Trader platform
  • AI-generated trading signals
Cons
  • No raw-spread account

Best Trading Education

4.6
68% 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
  • Min Deposit
    $50
  • Tradable Instruments
    19234
  • Fees
    Medium

Why We Picked It

You will not find an older, more established CFD broker than IG. The broker has more than 50 years of experience and has a major global presence. In my review, it earned a suburb trust rating with oversight by 5 top-tier regulators. It also excelled in the areas of platforms, tradable instruments, research, and education.

  • Maximum Gold Leverage: 1:20
  • XAU/USD Spread: 30 cents
  • Available Gold CFDs: XAU/USD, SPDR Gold Shares (GLD)
  • Trading Platforms: IG Online Trading Platform, MetaTrader 4, TradingView, L2 Dealer, ProRealTime

The IG Academy is one of the best educational resources I have encountered. Courses have multiple modules, each with a summary at the end. At the end of each course, there is a quiz to test your knowledge. Materials use both text and video formats. As a technical trader in the forex market, I liked the in-depth course on breakout trading, covering concepts like breakout strength and risk management.

The broker also has outstanding research materials. You can access a steady flow of technical and fundamental analysis, news from Thomson Reuters, and Autochartist trade signals directly from the IG Online Trading Platform. One of my favorite features within the platform is sentiment data, drawing from the massive IG client base of over 300,000 people. This can give you some powerful clues on the balance of long/short positioning.

The scope of tradable instruments is outstanding. With over 17,000 CFD instruments, very few brokers even come close to competing. In the area of CFDs on shares, it is especially strong, with over 13,000 shares from global exchanges. IG also stands out by offering CFDs across spot, futures, and options markets.

Pros and Cons

Pros
  • 14ms average execution
  • 17,000+ CFDs
  • Sentiment data
  • Robust and intuitive IG web platform and mobile app
Cons
  • High spreads on some instruments

Best Trading Tools

Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
  • Min Deposit
    $200
  • Tradable Instruments
    2239
  • Fees
    Low

Why We Picked It

Founded in 2007, IC Markets has blazed a trail to become one of the world’s leading CFD brokers. Clients can access 2,200+ instruments, ultra-competitive spreads, and top-tier platforms including MetaTrader, cTrader, and TradingView. Private insurance of up to $1 million per account gives clients additional peace of mind.

  • Maximum Gold Leverage: 1:500
  • XAU/USD Spread: 15 cents
  • Available Gold CFDs: XAU/USD, XAU/EUR, XAU/AUD, gold futures
  • Trading Platforms: MT4, MT5, cTrader, TradingView

The broker offers an impressive research suite, including first-class commentary from its in-house team and third-party analysis from Trading Central and Autochartist. From the blog section of the website, you can access a range of useful reports, like the daily technical analysis briefing. Autochartist has tools like real-time market scanning for trade setups, and Trading Central keeps you on track with analyst-backed market outlooks.

You can access a wide range of platforms, including MT4, MT5, TradingView, and ZuluTrade. From day trading to social trading to automated trading, you can find a platform that fits your needs. IC Markets also offers VPS hosting for low-latency execution and continuous uptime.

I give Standard account spreads the thumbs up. Across every asset class, IC Markets beat the industry average. Gold spreads as low as 15 cents, and Bitcoin spreads of $12 caught my attention. There are also no fees for deposits/withdrawals or inactivity. The broker strikes me as client-centric and good value.

Pros and Cons

Pros
  • Rock-bottom spreads
  • Free VPS hosting
  • Trading Central, Autochartist
  • Advances trading platforms
Cons
  • High swap fees

Best Gold Trading App

CFD Service, 80% 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
  • Min Deposit
    $100
  • Tradable Instruments
    2764
  • Fees
    High

Why We Picked It

Plus500 sets itself apart by prioritizing simplicity. It delivers a streamlined, technology-driven experience built for ease of use. As a publicly listed, multi-regulated broker, it scores high on trust. And I was also impressed by its massive breadth of markets, intuitive platforms, and proprietary +Insights tool.

  • Maximum Gold Leverage: 1:200
  • XAU/USD Spread: 61 cents
  • Available Gold CFDs: XAU/USD, XAU/XAG, Gold options, SPDR Gold Shares (GLD)
  • Trading Platforms: Plus500 WebTrader and mobile app

Plus500’s mobile app (iOS and Android) closely mirrors the WebTrader platform. Traders get robust charting with 13 chart types and 100+ indicators, multiple order types, price alerts, two-factor authentication, demo mode, and an integrated economic calendar.

In-house analysts delivering timely, actionable market commentary. Its proprietary +Insights tool adds an edge, offering real-time data on client positioning and trading flows. These features are fully integrated into the mobile app, giving traders plenty to work with on the go.

Available trading instruments are made up of 2,800 leveraged CFDs across forex, commodities, indices, global stocks, ETFs, cryptocurrencies, and options. I noted that some shares, including the popular Magnificent Seven tech names, are available for extended-hours trading, giving investors added flexibility across time zones.

Pros and Cons

Pros
  • Cutting-edge Plus500 platform
  • 2,800+ instruments
  • 24/7 support
  • Extensive Plus500 Trading Academy
Cons
  • No phone support.

Best MT4 Broker

4.0
Online Forex/CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading Online Forex/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. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of Exinity Capital East Africa Ltd based on the legal requirements in his/her country of residence.
  • Min Deposit
    $30
  • Tradable Instruments
    602
  • Fees
    High

Why We Picked It

Founded in 2011, FXTM now spans the globe and offers over 1,460 CFDs and real stocks. It supports the popular MT4 platform, with spreads only and raw spreads plus commission account options. Traders can take advantage of custom indicators and third-party research.

  • Maximum Gold Leverage: 1:3000
  • XAU/USD Spread: 38 cents
  • Available Gold CFDs: XAU/USD, XAU/JPY, XAU/GBP, XAU/EUR, XAU/CNH, XAU/AUD, FXTM Gold Index
  • Trading Platforms: MT4, FXTM mobile app

FXTM offers MetaTrader 4 across desktop, web, and mobile. The platform can be enhanced with custom indicators like the Pivot SR Levels indicator, which can be used as part of a breakout strategy. AI-powered trading ideas and sentiment analysis from Acuity area are also available.

When using Advantage Plus accounts, all costs are reflected in the spread, while the Advantage account offers a raw spreads plus commissions model. The minimum deposit is $30, and you can apply for swap-free service for all accounts.

Education materials include over 250 videos on FXTM’s YouTube channel, including MT4 platform tutorials. The website features a solid range of articles covering the basics of trading. The broker scored well in our deposit/withdrawals category with a wide range of payment options and fast processing times.

Pros and Cons

Pros
  • Custom MT4 indicators
  • Custom MT4 indicators
  • CFDs + real stocks
  • Proprietary mobile app
Cons
  • High minimum deposit

Best Metal Futures in the US

Trading with leverage comes with a high risk and may not be suitable for everyone.
  • Min Deposit
    $100
  • Tradable Instruments
    64
  • Fees
    Low

Why We Picked It

Founded in 2008, Plus500 has grown into a global fintech heavyweight built on proprietary trading infrastructure. Now in the U.S., it offers futures across forex, indices, commodities, bonds, and crypto with a $100 minimum deposit and competitive pricing.

  • Maximum Gold Leverage: Up to roughly 1:500 intraday
  • Gold Futures Spread: 5 cents (plus commissions of $0.89 per side, per contract.)
  • Available CME Gold Futures: Full-sized gold futures, e-mini gold, 1-ounce gold, micro gold
  • Trading Platforms: Plus500 WebTrader and mobile app

Plus500 US gives metals traders solid choices. You can trade 10 metals futures contracts, including several gold options such as full-size CME gold futures, E-mini gold, 1-ounce gold, and Micro gold. That range makes it easier to match contract size to your available capital and trading strategy.

I rate the WebTrader platform as one of the best I have encountered. The layout is clean, the search tool is quick, and the order ticket is easy to understand. You can set stop loss and take profit levels at the same time you enter a trade. Charting is excellent, with more than 100 indicators and flexible layouts. The mobile app closely mirrors the web version.

For beginners, the Futures Trading Academy adds educational support. Short videos and clear articles explain essentials like margin, contract expiration, leverage, and short selling before moving into strategy and risk management. It’s thorough, and it does a good job of helping new traders get comfortable with the futures market.

Pros and Cons

Pros
  • Wide range of futures markets
  • Standard, mini, micro contracts
  • Competitive commissions
  • Unlimited demo account
Cons
  • Lacks 1-click trading

What Is the Difference Between Physical Gold Trading and CFD Gold Trading?

Physical gold trading involves buying and selling actual physical gold, such as gold bars or coins, while CFD (Contract for Difference) gold trading involves buying and selling a contract that represents the price movement of gold without actually owning the physical asset.

Here are some key differences between physical gold trading and CFD gold trading:

  • Ownership: When you buy physical gold, you own the physical asset, and you can store it yourself or have it stored in a secure vault. With CFD gold trading, you do not own the physical asset; instead, you are trading on the price movements of gold.
  • Liquidity: Physical gold can be more difficult to buy and sell quickly, especially if you own large quantities or unusual sizes or types of gold. CFD gold trading, on the other hand, allows traders to easily enter and exit positions quickly, as there are typically more buyers and sellers in the market.
  • Leverage: CFD gold trading allows traders to increase their exposure to the market by using leverage. This means that you can trade a larger position with a smaller amount of capital. Physical gold trading does not offer leverage.
  • Costs: Physical gold trading may involve costs such as storage fees, transportation fees, and insurance costs. CFD gold trading, on the other hand, typically involves only trading fees such as spreads, commissions, and overnight financing fees.
  • Market access: CFD gold trading allows traders to access a wider range of gold markets, including international markets, and to trade on the price movement of gold in real time. Physical gold trading, on the other hand, may be limited to local markets and may not offer real-time price information.

How to Choose a Broker for Trading Gold?

When looking for a gold trading broker, you should pay special attention to the following points.

Can I trust the broker?

Take into account the broker’s regulatory status. CFD brokers regulated by top-tier financial authorities must undergo audits, meet capital requirements, and provide segregated accounts and negative balance protection. A compensation fund is sometimes available in the event of broker insolvency.

Tip: You can search the regulator’s website to confirm the broker’s status and check for any disciplinary action. The broker’s size and operating history are also worth considering. You can usually find these on the company’s LinkedIn page.

Read more about Best regulated forex brokers.

What to look for in the brokers’ gold offering?

Forex and CFD brokers typically offer spot gold (XAU/USD), which reflects the live price the cash market. Some brokers also provide gold against other currencies, such as XAU/GBP, XAU/EUR, and XAU/AUD. Sometimes, you can trade gold against crypto, for example, Bitcoin against gold (BTC/XAU).

A variety of other gold-related CFDs are sometimes available – these include CFDs on gold futures, gold options, and ETFs related to gold such as the SPDR Gold Trust (GLD). A handful of CFD brokers also offer ‘real’ (non-CFD) gold futures and options trading.

Explore our list of Best CFD brokers.

Is the platform user-friendly?

An intuitive, easy-to-navigate platform will allow you to launch into the trading world with minimal hitches. The most user-friendly platforms are typically browser-based platforms created by the broker. Look for easy-to-implement features such as watchlists, trading from the chart, search, news, and a customizable interface.

The MetaTrader 4 and 5 platforms have advanced features like backtesting, automated trading, and a wide range of order types – but are less user-friendly. Also, check on the availability of a good, broker-designed (proprietary) mobile app.

Read more about Best MetaTrader 4 brokers and Best MetaTrader 5 brokers.

Are the fees competitive for gold?

Working with a broker that keeps the spreads to a minimum can make the difference between profit and loss at the end of the day. This is a crucial point for day traders. We rate gold spreads of above 55 pips as high, 36-54 pips as medium, and less than 35 pips as low.

Find out Best forex brokers with lowest spreads.

What is the minimum deposit?

Find out the minimum initial deposit so you won’t be taken by surprise when it’s time to trade live. This can vary from $0 for Exness to $200 for IC Markets. Typically, the minimum deposits at CFD brokers are relatively low.

What is the available leverage?

The available leverage at CFD brokers is a significant benefit when trading a commodity like gold. If you want to invest in gold bullion, leverage is not available. When trading gold ETFs, 1:2 leverage is typical. CFDs on gold offer a much higher degree of leverage, typically between 1:20 and 1:500, depending on which financial authority regulates your broker.

Beware of using excessive leverage, even if it is tempting. It’s an enthralling feeling to control a large position in the market. But when markets are moving fast and you hold a highly leveraged position, there is a high risk of losing money. Accounts can get wiped out in seconds.

Explore Best forex brokers with high leverage.

What to avoid when choosing a gold trading broker?

When choosing a broker for trading gold, you should look for competitive spreads and swap fees. If you want to day trade gold, you should look for a broker that offers 1-click trading. Without 1-click trading, the order entry process is too slow for such a fast-moving market. If you plan to hold positions over days or longer, check the swap fees, which can be very expensive over time.

How to avoid forex and CFD scams?

A common scam in the forex and CFD industry involves vendors offering a trading strategy that guarantees an outlandishly high return in little time. These may involve automated trading using bots or a signal service where trades are shared via chat or social media. Nobody can guarantee returns with certainty, and it is more likely that such strategies will lose money. When assessing strategy or signal providers, you should look for a live track record audited by a third party, but remember that past performance does not guarantee future results.

Traders should also be highly cautious about opening an account with an unregulated offshore broker. Such brokers may offer a straightforward account opening process, bonuses, and high levels of leverage, but client funds are not protected. Meanwhile, brokers regulated by top-tier authorities must undergo regular audits and are held accountable for misconduct. Traders can also benefit from having their funds held in segregated accounts, negative balance protection, and a compensation fund in case of broker insolvency.

Meet Our Experts

The team of forex and CFD analysts and editors at FXEmpire is composed of trading industry professionals and seasoned financial journalists. Our experts have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.

Get to Know Our Authors

Dan BlystoneBroker Analyst

Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later, Dan gained insight into the forex industry during his time as a Series 3 licensed futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

Jitan SolankiBroker Analyst

Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.

Plamen StoyanovBroker Analyst

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

Vladimir ZernovBroker Analyst

In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

Dive deeper with our experts.Continue the conversation with traders and analysts in our community channels.

About the Author

Dan BlystoneBroker Analyst

Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later, Dan gained insight into the forex industry during his time as a Series 3 licensed futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

Why you can trust FXEmpire

At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

Why you can trust FXEmpire

FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.
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