We found 11 online brokers that are appropriate for Trading Metal.
As a trader with a keen interest in commodities, I’ve found that metal brokers play a crucial role in providing access to both precious and industrial metals on global financial markets. These brokers serve as the bridge between retail or institutional clients and major metal exchanges like the London Metal Exchange (LME), the New York Mercantile Exchange (NYMEX), the Dubai Gold & Commodities Exchange (DGCX), the Shanghai Futures Exchange (SHFE), and Nadex. With a metal broker, traders can speculate on metal prices without having to take physical delivery of the assets.
Most metal brokers offer trading in a wide range of metals, including gold, silver, platinum, palladium, and copper. These are typically available through derivatives such as Contracts for Difference (CFDs) and, in some jurisdictions like the UK, spread betting. These instruments allow traders to go long or short on metal prices, use leverage, and gain exposure to the metals market without owning the underlying commodity.
Metal trading has become increasingly popular due to the metals' role as inflation hedges, industrial demand drivers, and safe-haven assets during times of economic uncertainty. Whether you're looking to diversify your portfolio or trade short-term price movements, choosing the right metal broker is essential to ensure competitive pricing, strong execution, and access to reliable platforms and market data.
The use of metals dates back to prehistoric times, when early settlers began crafting tools and weapons from metal rather than stone. Among the earliest metals discovered was gold, around 6000 BC, prized not only for its natural beauty but also for its rarity and use in jewelry and ornamentation.
Copper was discovered around 4200 BC and quickly became a fundamental material in the creation of weapons and tools. Shortly thereafter, by 4000 BC, silver was unearthed and adopted by ancient civilizations such as the Roman and Chinese empires as a form of currency.
As metallurgical knowledge expanded, other important metals were discovered, including zinc, iron, tin, bronze, lead, titanium, uranium, chromium, and aluminium. Each of these metals found critical roles in tools, currency, construction, military applications, and later, industrial manufacturing.
The formalization of metal trading began with the establishment of the Royal Exchange in London in 1571, where metals were among the earliest commodities traded. The advent of the Industrial Revolution in 19th-century Britain further accelerated the development of futures contracts for metals, allowing traders to hedge against price fluctuations and manage supply risks.
In 2000, the creation of the LMEX Index contracts marked a significant milestone in metal trading. These contracts consolidated trading activity on the London Metal Exchange (LME), which has since grown into the world's largest metals futures exchange, offering a wide array of contracts on both base and precious metals.
Metal brokers provide access to a broad selection of both precious metals and non-precious (industrial) metals, allowing traders to speculate on global metal markets through regulated exchanges. The most actively traded metals include gold, silver, platinum, and copper, but many brokers also offer instruments tied to metals like zinc, tin, lead, nickel, steel, and molybdenum.
Precious metals such as gold, silver, and platinum are highly sought after due to their intrinsic value, scarcity, and traditional role as a store of wealth. These metals are not only used in jewelry and as investment hedges against inflation and currency devaluation, but they also serve vital roles in the electronics and medical industries.
In contrast, non-precious metals often referred to as base or industrial metals—like copper, nickel, and steel, are primarily used in construction, manufacturing, and infrastructure development. Their demand is typically tied to economic growth and industrial output, making them attractive for traders looking to capitalize on cyclical market trends.
Liquidity is a major factor in the popularity of metal trading. Both categories of metals enjoy strong trading volumes, making them appealing for commodity traders. For example, gold is one of the most actively traded metals globally. In November 2016, the London Bullion Market cleared over $27.5 billion USD in gold transactions, showcasing the scale and liquidity available through established exchanges.
Investing in metals requires a strategic approach, as each metal has unique market behavior, demand sources, and economic relevance. Traders often categorize their strategy based on time horizon, risk tolerance, and market access. Whether you're seeking short-term gains or long-term hedging opportunities, understanding these strategic options is crucial to effective metal trading.
For short-term traders, metals like gold, silver, and copper are frequently traded using CFDs and futures contracts. These instruments allow you to speculate on price movements without owning the underlying asset. Strategies here may rely heavily on technical analysis, using tools like trendlines, support and resistance levels, and momentum indicators to make timely entry and exit decisions. This approach can be highly responsive to market news, economic data releases, and geopolitical events that impact metal prices.
Long-term investors often treat metals as a store of value and a hedge against inflation or economic instability. Gold is especially favored in this context due to its historical role as a safe haven. Investors may purchase physical bullion, ETFs, or mining stocks. A common strategy here is diversification—allocating a portion of your portfolio to metals to reduce exposure to currency fluctuations, interest rate changes, and market volatility.
Many traders also adopt a fundamental approach, analyzing supply and demand trends, industrial consumption, central bank policies, and macroeconomic conditions. For example, demand for palladium and platinum often correlates with the automotive industry, while copper’s value reflects global construction and infrastructure activity.
Finally, a hedging strategy is common among institutional traders or those exposed to physical metal markets. This involves taking positions in metal derivatives to offset potential losses in spot market exposure. By doing so, traders can protect profit margins and stabilize income regardless of market fluctuations.
Ultimately, successful metal investing is about aligning your strategy with your objectives. Whether you prefer fast-paced speculative trades or slow-burn wealth preservation, metals offer a versatile landscape for both novice and experienced traders.
There are several ways to trade metals, each offering different levels of exposure, risk, and complexity. Understanding these instruments helps investors and traders choose the approach that suits their goals and risk tolerance.
Spot Trading involves the purchase or sale of physical metals like gold or silver for immediate delivery. This is common among investors who prefer to own the actual metal, often stored in vaults or delivered physically. While it offers direct exposure, it also involves storage costs and logistical considerations. (Example: Buying 50 oz of gold bullion at today’s spot price for vault storage.)
Futures Contracts allow traders to speculate on the price of a metal at a future date. These contracts are standardized and traded on major exchanges such as the London Metal Exchange (LME) and COMEX. Futures are highly liquid and can offer significant leverage, but they also carry high risk due to volatility and margin requirements. (Example: Entering a COMEX silver futures contract to buy 5,000 oz in three months.)
Options on Metals give traders the right, but not the obligation, to buy or sell a metal at a specific price before a certain date. They are often used for hedging or for speculative strategies with limited risk exposure. (Example: Purchasing a gold call option with a $1,800 strike that expires in two months.)
Exchange-Traded Funds (ETFs) and Exchange-Traded Commodities (ETCs) allow exposure to metal prices without the need to handle the physical asset or trade on futures markets. These are suitable for longer-term investors looking for diversification. (Example: Buying shares of the SPDR Gold Trust (GLD) to track gold price movements.)
Contracts for Difference (CFDs) are popular among retail traders. They allow speculation on metal price movements without owning the asset. CFDs are flexible and accessible but involve higher spreads and the risk of losses from leveraged trading. (Example: Trading a silver CFD with 10x leverage to capitalize on short term price swings.)
I’ve spent years watching metal markets, and I’ve learned that understanding what moves prices is essential for successful trading and investing. I’ve seen first hand how economic, industrial, and geopolitical factors can trigger sudden swings or set long term trends.
Industrial Demand (for example, I remember when copper demand jumped over 15 % in 2023 thanks to booming EV production in China)—this is one I watch closely. Whenever I visit a manufacturing report or construction update and see activity ramping up, I know metals like copper, aluminum, and nickel are about to heat up. And when factories slow down, I’ve often seen prices pull back just as quickly.
Inflation and Currency Strength (like when gold rallied 18 % during the U.S. inflation spike in 2021–22) that was a vivid reminder for me how precious metals act as a hedge. Whenever my coffee shop chat turns to rising prices or a weaker dollar, I can almost hear investors shifting into gold and silver, driving their prices higher.
Mining Supply and Production Costs (I’ll never forget the strike at Chile’s Escondida mine in 2022, which cut global copper output by around 7 %)—whenever I read about output cuts or cost hikes, I brace myself for price spikes. Conversely, when I see new mines coming online or big producers boosting output, I know to expect some downward pressure.
Geopolitical Events (the Russia Ukraine conflict sending gold above $2,200/oz in 2022 was one of the most dramatic moments I’ve followed)—anytime there’s talk of wars, trade disputes, or sanctions, I’ve noticed a rush into safe haven metals. Watching those price charts climb during uncertain times has taught me how fear can outweigh fundamentals.
Technological Developments (when Tesla’s Gigafactory went online and lithium demand doubled in 2023, I saw markets react immediately)—this factor fascinates me because I get to connect the dots between cutting edge tech and raw materials. Every time a major battery or electronics breakthrough hits the headlines, I check the lithium, nickel, and rare earths to see how demand is reshaping their outlook.
Trading metals both precious and non-precious has become an increasingly attractive avenue for investors seeking diversification, stability, or speculative opportunities outside traditional equity markets. Gold, silver, copper, and platinum remain in high demand due to their industrial applications and historical role as stores of value. Non-precious metals such as zinc, nickel, and tin also offer liquidity and market potential, especially in the context of global industrial growth.
Metal brokers play a vital role in this landscape by facilitating access to various instruments, including CFDs, futures, spot contracts, and ETFs. They also provide insights into pricing trends and help clients navigate major exchanges such as the LME, COMEX, and DGCX. Whether you’re interested in short-term speculation or long-term investment, brokers act as essential intermediaries, making metal markets more accessible and transparent.
I’ve found that understanding the various strategies like trend-following or hedging along with awareness of what drives metal prices, such as industrial demand, currency strength, and geopolitical risk, can significantly improve trading decisions. For newcomers and seasoned investors alike, it’s crucial to also weigh the risks associated with leverage, price volatility, and regulatory considerations in metal trading.
With global demand continuing to evolve driven by sectors like technology and clean energy the metal markets remain dynamic and full of opportunity. A well-informed approach, backed by a reliable broker, is key to successfully navigating this sector.
We have conducted extensive research and analysis on over multiple data points on Brokers for Trading Metals Gold Silver etc to present you with a comprehensive guide that can help you find the most suitable Brokers for Trading Metals Gold Silver etc. Below we shortlist what we think are the best metal brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Brokers for Trading Metals Gold Silver etc.
Selecting a reliable and reputable online Metal 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 Metal more confidently.
Selecting the right online Metal 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 metal trading, it's essential to compare the different options available to you. Our metal 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 metal broker that best suits your needs and preferences for metal. Our metal broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Metal Brokers.
Compare metal brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a metal broker, it's crucial to compare several factors to choose the right one for your metal needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are metal brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more metal brokers that accept metal clients.
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IC Markets
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Roboforex
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eToro
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XTB
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XM
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Pepperstone
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AvaTrade
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EasyMarkets
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SpreadEx
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Admiral
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ThinkMarkets
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. 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 (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | 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) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | 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 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | Financial Conduct Authority (FCA) (595450), Cyprus Securities and Exchange Commission (CySEC)(310328), FSA (Financial Services Authority of Seychelles) (SD073) | Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), TF Global Markets Int Limited (Seychelles) (8424818-1), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TFG (Payments) Limited (United Kingdom) (10537331), Think Capital Services UK Ltd (United Kingdom) (11054653), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272), TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Seychelles Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272) |
Min Deposit | 200 | 10 | 50 | No minimum deposit | 5 | No minimum deposit | 100 | 25 | No minimum deposit | 1 | 50 |
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Used By | 200,000+ | 730,000+ | 35,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 250,000+ | 60,000+ | 30,000+ | 450,000+ |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT5, MT4, MetaTrader WebTrader, Admirals Mobile Apps, iOS (App Store), Android (Google Play), Admirals Platform, StereoTrader | ThinkTrader, WebTrader, TradingView, TradingView, Mobile Apps, iOS (App Store), Android (Google Play) |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 61% of retail investor accounts lose money when trading CFDs with this provider. | 69% - 80% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Your capital is at risk | 65% of retail CFD accounts lose money | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% 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 |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
easyMarkets Demo |
SpreadEx Demo |
Admiral Markets Demo |
ThinkMarkets 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, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, AO, BR, HR, GL, IS, IM, JM, FM, MC, NG, SI, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, 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, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | 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 | US, CA, JP, SG, MY, JM, IR, TR | RU, AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW |
You can compare Metal 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 Metal Brokers for 2025 article further below. You can see it now by clicking here
We have listed top Metal 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. 61% 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.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
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.
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