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15 Best Gold Trading Brokers for 2026

By
Dan Blystone
Reviewed By
Ola Alder
Updated: Apr 9, 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

The yellow metal is the talk of the trading world this year. Gold reached record highs as central bank buying, geopolitical tensions, and expectations of lower interest rates sent demand soaring.

It’s a magnet for day traders because it offers strong intraday volatility, deep liquidity, clear reactions to economic news, and a tendency to respect key technical levels.

We’ve gone under the hood with all of the major forex and CFD brokers offering gold and conducted weeks of rigorous, hands-on testing for each one. We looked for the tightest gold spreads, a solid mix of gold instruments, fast execution you can rely on, robust platforms, and sound regulation.

Our seasoned experts assessed everything from execution during volatile conditions to platform stability, available order types, mobile usability, and customer support responsiveness. We used our extensive database and compared brokers side-by-side.

Here are our picks for gold traders in 2026.

List of Top Brokers & Platforms to Trade Gold

Best Brokers for US Traders

State-of-the-art proprietary web platform and mobile app. Low spreads in gold.  Low intraday margin requirements for a diverse range of futures contracts.

Best Brokers for International Traders

Intuitive platform. Unique sentiment data. TradingView charts. Suitable for day traders. Great customer support.

Fast execution speeds of 45 milliseconds. Free VPS hosting. Trading account for algo testing. 12,000+ tradable instruments. Competitive metals fees.

5,000+ tradable instruments. Low gold spreads. Capital.com Web Trader, Capital.com App, TradingView, MT4. FIX API solutions for DMA trading.

Ultra-fast order execution of under 12 ms. Spot gold (XAU/USD and XAU/EUR), gold futures, GOLDgr. Excellent range of platforms. In-house analysis, Trading Central, and LiveSquawk.

Live webinars. Platform tutorials. Trading courses. 24/7 support. Copy trading. Proprietary platform and app + MT4, MT5, and TradingView. Low fees.

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

High-quality in-house market research. Live market analysis videos. Actionable trade ideas from Autochartist. Eight gold currency 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 design and functionality. 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

Founded in 2008 and headquartered in Cyprus, Exness has grown into a leading global CFD broker offering forex, stocks, indices, commodities, and crypto trading across its own platform and MetaTrader. With consistently tight spreads, low account fees, free VPS hosting, and strong tools, it’s a compelling pick for gold traders.

  • 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

I confirmed that Exness stands out in precious metals, offering four gold pairs and a total of 15 metals, giving traders more choice than many competitors. Beyond metals, clients can access 120+ forex pairs, well beyond what many other brokers in our directory offer, and a broad range of CFDs on indices, shares, and cryptocurrencies in both spot and futures markets.

Pricing is equally competitive. In my tests, Standard account spreads were better than average, with gold spreads at a sharp 16 cents, a notable advantage for active traders. I found that you can get even lower costs on professional accounts (Pro, Zero, Raw Spread) that feature raw spreads from 0.0 pips plus commission. Gold trading is also swap-free by default on Standard accounts, a major benefit when you hold long-term positions.

Research is another strong point at Exness. Seasoned in-house analysts publish consistent, in-depth reports across the broker’s website, client portal, and YouTube channel. The package is further enhanced by third-party insights from Trading Central and FXStreet. I rate the selection and quality of content as better than standard.

Pros and Cons

Pros
  • Rock-bottom trading costs
  • Robust Exness Terminal platform
  • Excellent research tools
  • 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
    12056
  • Fees
    Medium

Why We Picked It

RoboForex is a Belize-based financial derivatives broker established in 2009. It offers more than 12,000 tradable instruments across different markets and is well-suited for automated trading. RoboForex’s impressive lineup of trading platforms includes its proprietary R StocksTrader and the renowned MetaTrader 4 and MetaTrader 5.

  • Spreads in Gold: 18 pips
  • Gold CFD assets: spot gold (XAU/USD)
  • Leverage for the spot Gold CFD: 1:500

Automated trading can be practiced on MT5 via Expert Advisors (EAs). The platform also features a built-in strategy tester so that algo traders can hone the parameters of their trading strategies.

I clocked RoboForex’s average order execution speed at around 45 milliseconds, beating the industry average of 60 milliseconds. This performance suits algo traders as it lessens the risk of negative slippage. Additionally, RoboForex offers Virtual Private Server (VPS) hosting for low-latency trading.

In my estimation, RoboForex’s best option for algo trading is its ECN account, which features raw spreads and a $4 round-turn commission. Live testing revealed that its trading fees sit in the bottom range, with its 18-pip XAUUSD spread beating the industry average.

RoboForex also provides a ProCent account for algo testing. The standard contract size is 10,000 units, compared to the broker’s other account types’ 100,000 standard contract size. The account type also features a maximum retail leverage of 1:2000.

Pros and Cons

Pros
  • 12,000+ tradable instruments
  • Free VPS hosting
  • Competitive fees
  • ProCent account for algo testing
Cons
  • High spreads on some 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 is a financial derivatives broker that distinguishes itself with its massive selection of 5,000 CFDs and 2,800 knock-out options. Founded in 2016 and headquartered in Cyprus, the broker is tightly regulated in multiple jurisdictions. It caters to gold day traders with its versatile Capital.com Web Trader, competitive fees, and advanced trading tools.

Key Features:

  • 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

I tested Capital.com’s universal trading account, which offers an all-inclusive spread of 0.6 pips, and recorded a 30-pip spread on gold, which aligns with the industry average.

Day gold traders can also make use of Capital.com’s FIX API solutions for Direct Market Access (DMA). This tool allows you to obtain raw spreads directly from an exchange’s order books and achieve lightning-fast order execution speeds.

I consider Capital.com Web Trader the best option for day traders. The platform features advanced charting capabilities. Price action is fluid and easily scalable, enabling gold day traders to spot viable price levels. I also learned that the platform features more than 160 analytical tools. And not only that, but it is integrated with advanced market analytics.

Pros and Cons

Pros
  • 5000+ CFDs
  • Low gold spreads
  • FIX APIs
  • Advanced trading platform
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
    $100
  • Tradable Instruments
    1995
  • Fees
    High

Why We Picked It

FxPro is a leading CFD broker regulated by multiple authorities globally, including top-tier FCA and CySEC. The London-based firm provides access to over 2,100 financial instruments, including CFDs on forex, commodities, stocks, indices, and cryptocurrencies. Each asset class has above-average depth. Gold traders have a superb range of CFD contracts to work with including spot and futures markets and GOLDgr (gold measured in grams rather than ounces).

  • Spreads in gold: 32 pips
  • Gold CFD assets: spot gold (XAU/USD and XAU/EUR), gold futures, and GOLDgr.
  • Leverage for spot gold CFD: 1:10000 (FxPro Global Markets Limited) 1:20 (FxPro UK Limited, FxPro Financial Services Limited).
  • Alternative metals: Silver, Aluminium, Copper, Lead, Zinc, Palladium, and Platinum.

FxPro offers an excellent range of five platforms. The user-friendly FxPro Trading platform caters to beginners and casual traders, while the robust MetaTrader 4&5 and cTrader are better suited for advanced and algorithmic traders. All clients benefit from order execution in under 12 milliseconds, which is substantially faster than average.

I tested FxPro’s Standard Account and recorded competitive gold spreads of 32 pips, while even tighter spreads are available via its Raw Spreads account. Research materials are another broker’s highlight, with first-class in-house analysis and a range of proprietary and third-party tools.

Pros and Cons

Pros
  • Multiple regulations worldwide.
  • Robust trading platforms.
  • Variety of account types.
  • Reliable customer support.
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 an award-winning CFD broker headquartered in Sydney, Australia. Since launching in 2009, Vantage has grown to acquire over 50,000 active clients worldwide, according to its website. Clients have access to CFDs on forex, commodities, indices, shares, and cryptocurrencies. We confirmed that Vantage is regulated by ASIC and CIMA. Furthermore, all client funds are held in segregated custodial accounts with an AA-rated Australian bank.

  • Spreads in gold: 32 pips, better than the average for the industry
  • Gold CFD assets: Spot gold (XAU/USD)
  • Leverage for spot gold CFD: 1:20 at the UK and European entities, 1:333 at the offshore entity
  • Alternative gold pairs: XAU/EUR, XAU/GBP (offshore entity only).

Our analysis confirmed that Vantage offers a comprehensive range of educational materials – including articles, videos, courses, and webinars. The Academy section of the website hosts detailed guides covering topics such as trading strategies and trading psychology. For novice traders, there are materials styled as a course, ranging from market terminology to technical and fundamental analysis. We observed that these materials are frequently updated and of high quality.

Multiple live webinars take place weekly, featuring market outlook and trading strategy-themed sessions. If you struggle with getting up to speed with software, Vantage also offers a series of useful tutorials, enabling traders to make the most of the platforms.

Pros and Cons

Pros
  • Strong research and education resources.
  • Live webinars.
  • Trading Academy.
  • Competitive spreads in major forex pairs.
Cons
  • Wide spreads in some instruments.

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 CFD broker founded in 2005. It is headquartered in Sydney, Australia, and authorized by multiple regulators in various regions, including top-tier ASIC and CySEC.

  • Spreads in gold: 20 pips, better than the average for the industry
  • Gold CFD assets: Spot gold (XAU/USD)
  • Leverage for the spot gold CFD: 1:20 at the European entity, 1:30 at the Australian entity, 1:500 at the offshore entity
  • Alternative gold pairs: XAU/EUR and XAU/AUD

Clients can access thousands of instruments across stocks, indices, forex, commodities, and cryptocurrencies. The Standard Account is great for beginner traders as it offers commission-free trading. The Raw Account is suited to professional traders as it is commission-based but has lower spreads. FP Markets also provides an IRESS Account, enabling clients to trade with Direct Market Access (DMA).

Available trading platforms include MetaTrader 4, MetaTrader 5, WebTrader, IRESS, and a user-friendly proprietary mobile trading app.

FP Markets offers a great range of tools for professional traders. MAM/PAMM accounts allow clients to manage money on behalf of others. Algorithmic traders can use a Virtual Private Server (VPS) to run automated trading strategies 24 hours a day, seven days a week, with low latency and reduced risk of downtime. Industry-leading third-party tools Autochartist and Trading Central are also available and provide good coverage of the gold market.

Pros and Cons

Pros
  • Competitive spreads and commissions.
  • Strong range of trading platforms.
  • Tools geared towards professionals.
Cons
  • Share CFD fees are marginally higher than most.

Best Research Content

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts l ose money when trading CFDs. 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
    $0
  • Tradable Instruments
    1494
  • Fees
    Low

Why We Picked It

Pepperstone is authorized and regulated by the FCA (UK), CySEC (Cyprus), BaFin (Germany), ASIC (Australia), DFSA (UAE), CMA (Kenya) and SCB (Bahamas). The broker stands out for the number of gold pairs available, offering gold against eight currencies: USD, GBP, AUD, EUR, CHF, and JPY.

  • Spreads in Gold: 20 pips
  • Gold CFD assets: spot gold, gold stocks, and ETFs
  • Leverage for the spot Gold CFD: 1:20 (UK, EU, Australia)
  • Alternative metals: Silver and Platinum

Overall, Pepperstone offers over 1,200 CFDs across global asset classes from leading trading platforms – TradingView, cTrader, MT4, and MT5.

It also provides comprehensive market research, including the Navigating Markets, Daily Fix, and Peppestone Plus series. The broker’s in-house analysts cover fundamental, technical, and macroeconomic aspects of all popular markets, including gold.

The broker also publishes a wide selection of educational materials covering the basics of gold and silver trading. I rate Pepperstone’s research and educational content as high-quality and tailored to both beginner and experienced traders.

Pros and Cons

Pros
  • Wide range of tradable instruments.
  • Excellent research tools.
  • Intuitive and feature-rich proprietary platform
  • MetaTrader add-ons.
Cons
  • Support is not 24/7.

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 offers trading in a broad range of CFDs, including forex, commodities, indices, stocks, and cryptocurrencies. CFDs on futures are also available, including futures on metals. The Cyprus-based broker has entities regulated by top-tier CySEC and FCA and an unregulated offshore entity. In our live tests, we found that spreads in gold are competitive.

  • Spreads in gold: 43 pips
  • Gold CFD asset: spot gold (XAU/USD)
  • Leverage for spot gold CFD: 1:20 at the UK and European entities, 1:1000 at the offshore entity
  • Alternative gold pairs: XAU/EUR

IronFX offers the popular MetaTrader 4 platform and its proprietary Web Trader app. Traders have seven types of accounts to choose from: four accounts with live floating/fixed spreads and three STP/ECN accounts. Islamic account options are available for the four floating/live fixed spreads accounts.

Deposits and withdrawals are made easy at IronFX. Clients have a broad choice of payment methods, including bank wire, credit cards, digital wallets, and cryptocurrencies. There are no fees for deposits or withdrawals except for bank wires under $300.

Pros and Cons

Pros
  • Seven account types for different trader profiles.
  • Multiple deposit and withdrawal options.
  • Competitive gold spreads.
Cons
  • Limited research materials.

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 is a London-based broker that offers a wide range of CFD instruments. Futures and options on gold are also available for UK clients, giving traders a broader choice of contracts.

  • Spreads in gold: 21 pips
  • Gold assets: spot gold CFD (XAU/USD), real (non-CFD) gold future, options (Standard, Mini, and Micro)
  • Leverage for the spot gold CFD: 1:20 at the UK and European entities, 1:500 at the offshore entity

Tickmill is a user-centric broker that bucks the CFD industry trend by not charging inactivity fees or fees for deposits and withdrawals. Clients can choose between a standard account providing commission-free trading and floating spreads or Raw account with raw spreads and fixed commissions.

Our live tests showed that Tickmill has competitive spreads for gold and most other instruments. Swaps and commissions are also relatively low. You get the sense that Tickmill genuinely wants to see its clients succeed in the market and does its best to support this by cutting costs.

Pros and Cons

Pros
  • Competitive fees.
  • Licensed by top-tier regulators.
  • Wide selection of tradable instruments.
  • Range of supporting tools.
Cons
  • Customer support only available during office hours.

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 gold trading
  • 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

IG was founded in 1974, making it the oldest broker we have reviewed. The London-based forex industry giant now has over 300,000 clients and offices across five continents. IG Group Holdings PLC is listed on the London Stock Exchange and is part of the FTSE 250 Index.

  • Spreads in gold: 30 pips
  • Gold CFD assets: Spot gold (XAU/USD) and the SPDR Gold Shares (GLD) ETF
  • Leverage for the spot gold CFD: 1:20 at the UK and EU entities
  • Alternative metals: Platinum, Copper, and Nickel

The IG Academy offers material catering to beginner, intermediate, and advanced traders. Courses are broken down into short, easy-to-digest lessons and feature a quiz at the end to aid the learning process. There is good coverage of commodities trading, including videos like How to trade gold: bullion, coins, ETFs, and shares. I judged the content as well crafted and a great reference for both new and experienced traders.

The award-winning IG Web Platform is intuitive, highly customizable, and packs a robust range of features. These include popular items like watchlists, alerts, one-click trading, and trading from the chart. While trading on the IG Platform, I appreciated the ability to customize it to your preference and create multiple workspaces. The suite of tools – including trading signals from Autochartist, client sentiment, and the news feed from Thomson Reuters – is outstanding.

Pros and Cons

Pros
  • CFD industry pioneer.
  • Massive range of tradable instruments.
  • Great trading tools and research.
  • Robust and intuitive web platform and mobile app.
Cons
  • Support is not 24/7.

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

IC Markets launched in 2007 and has grown to become a market leader, providing access to trading in currencies, stocks, commodities, futures, bonds, and digital assets. The Sydney, Australia-based broker caters to the needs of advanced traders with cutting-edge trading platforms, low-latency connectivity, and better-than-average liquidity. In our live tests, we found spreads to be highly competitive.

  • Spreads in gold: 18 pips
  • Gold CFD assets: Spot gold (XAU/USD)
  • Leverage for spot gold CFD: 1:20 at the European entity, 1:30 at the Australian entity, and 1:1000 at the offshore entity
  • Alternative gold pairs: XAU/EUR

Traders can take advantage of the full range of MetaTrader platforms and the cTrader platform, which offer automated trading and copy trading capabilities. A Virtual Private Server (VPS) allows traders to run automated trading strategies nonstop with the fastest possible connectivity to the IC Markets trading servers.

IC Markets introduced 20 exclusive trading tools previously unavailable on MetaTrader 4. These include apps such as ‘Correlation Trader’, which enables users to compare the correlation between two symbols and trade emerging differences. Correlation strategies are beneficial for gold traders, as the yellow metal has a positive correlation with instruments such as AUD/USD.

Pros and Cons

Pros
  • Robust tools and platforms.
  • Competitive fees.
  • Strong research and educational resources.
Cons
  • Trading platforms have a learning curve.

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 was founded in 2008 and is now a giant of the brokerage industry: available in over 50 countries, with 400,000 active clients. Listed on the London Stock Exchange (LSE: PLUS), it is one of a handful of publicly traded CFD brokers. We verified that Plus500 is a multi-regulated broker, authorized by various top-tier authorities. Clients can access 2,500 CFD instruments via the state-of-the-art WebTrader platform and mobile app.

  • Spreads in gold: 36 pips
  • Gold CFD assets: spot gold (XAU/USD), options on spot gold, the SPDR Gold Trust (GLD) ETF
  • Leverage for spot gold CFD: 1:20 at the CySEC entity
  • Alternative metals: Silver, Platinum, and Copper

Plus500 has invested heavily in its web platform and mobile app, and the results are outstanding. The Plus500 mobile app combines an intuitive interface and advanced functionality. Popular features like watchlists, alerts, and light/dark mode are available, along with built-in analysis, news, and an economic calendar. Our research showed that charting within the app is robust, featuring 13 chart types and 119 indicators, and advanced order types like trailing stops are available. It’s easy to flip back and forth from demo to live mode, and the app provides two-factor authentication as an additional layer of security.

An impressive variety of gold-related instruments are available, ranging from spot gold and gold options to various popular gold-related shares like the mining company Royal Gold (RGLD) and exchange-traded funds like VanEck Junior Gold Miners ETF (GDXJ). The sentiment data built into the Plus500 mobile app shows the percentage of buyers vs. sellers and can be a powerful indicator of potential trend change in these volatile instruments.

Pros and Cons

Pros
  • High trust rating.
  • State-of-the-art platform.
  • Wide variety of markets.
  • +Insights tool.
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

FXTM is a global forex and CFD broker headquartered in Limassol, Cyprus. It is regulated by top-tier authorities, including the UK FCA and CySEC, and offers 600+ CFDs on forex, commodities, indices, shares, and cryptocurrencies.

  • Spreads in gold: 46 pips.
  • Gold CFD assets: Spot gold (XAU/USD).
  • Leverage for spot gold: 1:20 leverage at the European entity, 1:2000 at the offshore entity.
  • Alternative gold pairs: XAU/EUR and XAU/GBP.

FXTM offers the full suite of MetaTrader platforms: MT4 and MT5 for desktop, web, and mobile. It also provides a range of custom add-ons for MT4. For example, the Pivot SR Levels indicator allows you to view daily, weekly, and monthly pivot points and the corresponding support and resistance levels on one chart. VPS hosting is available for traders using automated strategies.

In our hands-on tests, we experienced average spreads in gold. Progressively tighter spreads are also available on the commission-based Advantage account, with raw spreads from 0 pips. FXTM also provides extensive and high-quality educational materials, including guides, videos, and ebooks.

Pros and Cons

Pros
  • Custom indicators for MT4.
  • Strong educational materials..
  • Dedicated account representative.
  • VPS hosting.
Cons
  • Withdrawal fee.

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

Plus500 has recently expanded into the United States to offer futures trading via its state-of-the-art proprietary web platform and mobile app. Since launching in 2008, Plus500 is now available in over 50 countries and has 400,000 active clients. US clients can access futures contracts on forex, indices, commodities, bonds, and cryptocurrencies.

  • Spreads in gold: 10 cents + $‪2.46‬ commission per side (including exchange and NFA fees)
  • Gold futures contracts: CME Gold, E-mini Gold, and Micro Gold.
  • Intraday margin for the full-sized CME gold futures contract: $500 per contract (currently equal to leverage of roughly 1:400).
  • Alternative metals futures contracts: Silver, Platinum, and Copper.

Plus500 has invested heavily in its proprietary WebTrader platform, which takes ease of use to a new level. WebTrader has a range of popular features, including watchlists, trading from the chart, and access to live chat support from within the platform.

I especially liked the ease with which you can flip between demo and live trading. The ability to easily enter three orders at once (your initial, order, profit target and stop loss) is another great feature. Futures trading becomes simple and straightforward with this ultra-intuitive platform.

To freely day trade stocks in the US requires an account balance of at least $25,000, but this is not the case with futures. Plus500 US lowers the barrier of entry to active trading with a $100 minimum deposit, competitive commissions, and low intraday margin requirements for a diverse range of futures contracts. For example, to trade the CME Micro Gold futures contract, the intraday margin requirement is just $50.

Pros and Cons

Pros
  • Cutting-edge WebTrader platform.
  • Feature-rich mobile app.
  • Competitive commissions.
  • Standard, Mini, and Micro contracts.
Cons
  • No phone support.

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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