We found 11 online brokers that are appropriate for Trading Gold.
Gold brokers are always in demand as gold is one of the most tradable assets in any financial market. The precious metal is always considered a reliable safe haven and traders invest more in it during market uncertainty.
After the 2008 recession many traders flocked to the metal and gold brokers have been helping such people to protect themselves against any such market volatility again.
Owning gold in real form means a lot of space is required. To avoid this problem people trade it as a CFD. They speculate on the price movement of the metal instead of owning it.
Most gold brokers provide such trading platforms where gold can be easily traded.
Gold is highly tradable, much like forex trading, the precious metals can be exchanged for commercial uses or for trades. However, gold trading is not without risks, it is perhaps one of the few financial instruments that come with more risks than trading CFDs or forex. Unlike other financial instruments, trading gold yields huge rewards and can be rewarding if the right strategies are used. Gold trading comes with a high risk but it can be rewarding as well.
How to Trade GoldYou can trade gold online on trading platforms or through gold brokers. Gold is classified as a commodity, as such commodity brokers offer to buy, sell, or trade gold. Gold coins can be traded in forex markets as well. Forex traders will swap currency pairs for gold coins if the price movement is set. Retail investors also trade gold bars on spot prices which represent the current gold price that can be bought by buyers.
Spread betting is one strategy that traders can use on a commodity and underlying asset like gold. Spread betting allows investors to predict whether the price of assets will rise or fall using the prices given by brokers. This principle applies to gold as well.
Capital gains tax on gold is at 28%. It is because gold and silver are both treated as collectibles for taxation. Long-term investment in gold can minimize the gains tax.
Physical gold does not necessarily mean physical delivery, but rather transactions. There are several ways a web trader can exchange gold even in its physical form. Day trading gold online is based on the short-term price movement of gold. Transactions related to the trade of physical gold are reflected on trading accounts that are carried out online. This is often done in the futures market of gold trading.
Gold investment is enticing due to its nature. It is a financial instrument that has lasted through the ages and is used as a hedge against inflation and currency erosion. The price of gold is prone to changes, the market can move the prices and if a strategy is not at hand, retail investor accounts will be losing money rapidly.
The following aspects can affect the price of gold
The demand and supply of gold have been constant for the longest period. Prices may still drop and investor accounts lose money since there have been cases where gold's value dropped significantly. Though gold prices rebounded eventually. The constant demand for gold has ensured the prices remain high and gold bullion is reserved at the central bank.
A simple cause and effect can occur during times of high inflation when the gold prices increase. People will start buying gold when the value of the local currency drops as a defense mechanism rather than as an investment. Gold serves as a hedge against inflation as well.
These are two of the major aspects worth considering when you are trading gold with an online broker.
Gold is primarily traded in the futures market and almost round the clock in London and the United States. The spot metal is placed in the classification of a hard commodity.
In the Forex market, the gold is paired against the Euro or USD.
An online broker is an excellent means of getting into the financial markets. Trading CFDs is one means of entering the exchange market. Complex instruments like gold CFDs can be traded like any other financial instrument, however, it requires close attention to the price movement of gold as it is prone to movement.
Gold is an underlying asset and is often used in a futures contract. Investors can make money when trading CFDs regardless of whether the price of gold rises or falls. Physical gold does not reflect the actual value of the metal, so the prices are marked up during sales. Additionally, since online trading gold does not involve actual delivery, virtual money is transferred and shown on accounts. This can be through a bank wire transfer or another money payment option.
Applying the right strategy in accordance with market volatility and technical analysis will provide traders with an entry opportunity. One can make money when trading CFDs for gold and taking advantage of the decreasing gold prices.
The best time to trade cfds gold is when the market volatility is at its peak. During this time, more entry points can be spotted which can be utilized by an avid trader. Additionally, the best gold broker will also provide you with an easier entry point into the trading markets.
If you want to start trading gold online, brokers are an excellent entry point for novice retail investors. Gold trading has risks involved, a broker can assist with education on trading or provide investment advice. The broker offers access to the market and assists in the buying and selling of an underlying asset all for an exchange commission fee. Some of the best brokers which are registered by a financial sector conduct authority and licensed as such can offer negative balance protection.
Financial Conduct Authority FCA is one example of a regulatory agency that offers a plethora of services regarding trades. The FCA regulates the financial markets and protects the customer from any illicit financial activities and ensures a stable market. Brokers licensed and registered by FCA will not take action against clients via negative balance protection.
Gold brokers thrive in futures contracts as it is an underlying asset. Some brokers may require a minimum deposit for services as a means of competitive pricing strategies. All in all, gold brokers are ideal for novices as they constitute financial advice. Some retail investor accounts lose money when trading due to a lack of understanding of how the market moves.
There are basically three important factors to look for while choosing gold brokers and the details are explained as below:
Most gold brokers are well regulated and it is suggested to deal with a broker that is regulated by a major EU economy like the UK or Germany. The regulators set norms and rules on how the metal trading can be carried out by the brokers.
One example of a financial services authority is Seychelles. the Seychelles Financial Services Authority oversees the financial sector in the state and ensures fair services. The authority also protects the assets of customers and other illicit activities.
Gold brokers offer micro accounts to beginners. It is reserved for those traders who have less than $1000 capital.
Traders who can add some more funds can open this account, which is like an intermediate level account. The capital required here is between $1,000 and $9,999.
The VIP/Platinum account starts at $25,000. One can trade a larger contract with this account.
Gold is traded as physical bars and coins, ETFs, and gold mining shares.
In this segment, traders buy gold in physical forms and usually in bars and coins, which can be traded around the clock. If stored at home, the storage costs are free. It is also stored in vaults but still, the storage cost is low.
Gold ETFs are an easy way of investment and is similar to buying and selling shares. However, traders don't own the real gold in it and can only be traded during the operating hours of a local stock exchange.
This is a risky form of investment as the companies involved in finding or exploring the gold may not be able to make it or make a profit from the mining. In reality, it is not an investment in gold but like an investment in the mining companies.
Gold is one of the most invested metals in the world and gold brokers are always in demand irrespective of exchanges. The metal saw a peak in demand after the 2008 recession as it protects from market volatility.
We have conducted extensive research and analysis on over multiple data points on Gold Brokers to present you with a comprehensive guide that can help you find the most suitable Gold Brokers. Below we shortlist what we think are the best gold brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Gold Brokers.
Selecting a reliable and reputable online Gold trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Gold more confidently.
Selecting the right online Gold trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for gold trading, it's essential to compare the different options available to you. Our gold brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a gold broker that best suits your needs and preferences for gold. Our gold broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Gold Brokers.
Compare gold brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a gold broker, it's crucial to compare several factors to choose the right one for your gold needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are gold brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more gold brokers that accept gold clients.
Broker |
IC Markets
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Roboforex
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eToro
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XM
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XTB
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AvaTrade
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Pepperstone
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EasyMarkets
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SpreadEx
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Plus500
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Admiral
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039) FSA, Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) |
Min Deposit | 200 | 10 | 50 | 5 | No minimum deposit | 100 | 200 | 100 | 1 | 100 | 200 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 3,500,000+ | 581,000+ | 300,000+ | 400,000+ | 142,500+ | 10,000+ | 24,000,000+ | 10,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with icmarkets |
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Up with xm |
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Up with xtb |
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Up with avatrade |
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Up with pepperstone |
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Up with easymarkets |
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Up with spreadex |
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Up with plus500 |
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Up with admiralmarkets |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 74% of retail investor accounts lose money when trading CFDs with this provider. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.33% of retail investor accounts lose money when trading 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. | 81% of retail investor accounts lose money when trading 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. | 71% of retail investor accounts lose money when trading CFDs with this provider | 74-89 % of retail investor accounts lose money when trading CFDs | Your capital is at risk | Losses can exceed deposits | 82% 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. | Losses can exceed deposits |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XM Demo |
XTB Demo |
AvaTrade Demo |
Pepperstone Demo |
easyMarkets Demo |
SpreadEx Demo |
Plus500 Demo |
Admiral Markets Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, KR, | US, CA, IL, KR, IR, MM, CU, SD, SY | US, IN, PK, BD, NG , ID, BE, AU | BE, BR, KP, NZ, TR, US, CA, SG | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, ES, YE, ZW, ET | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | MY, BE, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO | US, CA, JP, SG, MY, JM, IR, TR |
You can compare Gold Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Gold Brokers for 2023 article further below. You can see it now by clicking here
We have listed top Gold brokers below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.