precious metal broker Guide
Precious Metals
The most precious metals of all are Gold, silver, platinum and palladium.
Many traders believe wealth can be built with precious metals as they are not as volatile as other commodities.
Apart from precious metals, there are several base metals such as aluminium, copper, lead, iron, nickel, zinc, steel and tin which traders also invest in.
What are precious metals
Precious metals carry high economic value and occur naturally. These are rare metallic elements which are used for investments and even as industrial applications.
In the manufacturing sector, precious metals are used in the making of electronic components, catalytic converters, dental equipment and obviously jewelry.
Investors also buy precious metals in the form of bars and coins. Some investors consider these as a substitute to money that can give better returns over the long term.
Major Precious Metals
Gold
Gold holds the top position for precious metals trading as it is widely traded by speculators. However, manufacturers actively use gold in making jewelry, electronic parts and more.
Silver
Most traders usually buy silver as bars or coins.
The metal is traded at much less value compared to gold and this is the reason many spread investments between the silver and gold.
Platinum
Similar to gold and silver, platinum is also used in making jewelry.
Traders buy it for the same purpose as gold and silver. It is used in making catalytic converters which are widely used in cars.
Palladium
The metal is used in making catalytic converters, electronic parts and dental equipment.
Palladium isn’t traded in the same volume as other precious metals but it is one of the most expensive metals on Earth.
Major Base Metals
Aluminum
Aluminum is mostly used in automobiles, cans, aerospace, electrical wiring, construction, foil, packaging and appliances.
Copper
Copper is widely traded in the commodity markets and the metal is used in plumbing fixtures, electrical wiring, electric equipment, transportation equipment, electronic equipment and industrial equipment.
Iron Ore
Iron Ore attracts many traders in the commodity markets and the almost entire production of it is used in steel production.
Lead
Lead is an important metal for the making of protective shielding, batteries, industrial sheets and ammunition.
Nickel
Nickel metal is used in the manufacturing of stainless steel, catalysts, plating, electronics and rechargeable batteries.
Tin
The metal is used as an alloy that is used in the strengthening of other metals.
Steel
Steel is widely used in the construction sector. It is used in making mechanical equipment.
Precious metals Verdict
The demand of precious metals is on the rise and traders in great numbers are increasingly experimenting trading in precious metals.
Gold is still the leader among precious metals by trading volume and in the past decade or more its price has always been on the rise over the long term.
We've collected thousands of datapoints and written a guide to help you find the best Precious Metals for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best precious metals brokers below. You can go straight to the broker list here.
Reputable precious metal broker Checklist
There are a number of important factors to consider when picking an online Precious Metals trading brokerage.
- Check your precious metal broker has a history of at least 2 years.
- Check your precious metal broker has a reasonable sized customer support of at least 15.
- Does the precious metal broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your precious metal broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your precious metal broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your precious metal broker can hire people from various locations in the world who can better communicate in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering Precious Metals Brokers.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Precious Metals Brokers.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Precious Metals Brokers of 2020 compared
Here are the top Precious Metals Brokers.
Compare Precious Metals Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are precious metals brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more precious metals brokers that accept precious metals clients
| Broker |
eToro
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IC Markets
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XTB
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Pepperstone
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Plus500
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Roboforex
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EasyMarkets
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AvaTrade
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XM
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ThinkMarkets
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| Rating | ||||||||||
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) | 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 | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) |
| Min Deposit | 200 | 200 | No minimum deposit | 200 | 100 | 1 | 100 | 250 | 5 | 250 |
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| Used By | 12,000,000+ | 60,000+ | 250,000+ | 10,000+ | 15,500+ | 10,000+ | 142,500+ | 200,000+ | 70,000+ | 10,000+ |
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| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Web Trader, Tablet & Mobile apps |
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| Learn More |
Sign
Up with etoro |
Sign
Up with icmarkets |
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Up with xtb |
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Up with pepperstone |
Sign
Up with plus500 |
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Up with roboforex |
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Up with easymarkets |
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Up with avatrade |
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Up with xm |
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Up with thinkmarkets |
| Risk Warning | 75% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 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. 78.6% 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 | 80.5% 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 | Your capital is at risk | 79% of retail investor accounts lose money when trading CFDs with this provider | Your capital is at risk | Losses can exceed deposits |
| Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
Pepperstone Demo |
Plus500 Demo |
Roboforex Demo |
easyMarkets Demo |
AvaTrade Demo |
XM Demo |
ThinkMarkets Demo |
| Excluded Countries | US, IR, KP, BE, CA, JP, SY, TR, IL, HK | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | BR, KR, IR, IQ, SY, JP, US | BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO | US, JP | US | BE, BR, KP, NZ, TR, US, CA, SG | US, CA, IL, KR, IR, MM, CU, SD, SY | 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 |
All Precious metals brokers in more detail
You can compare Precious Metals 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 Precious Metals Brokers for 2020 article further below. You can see it now by clicking here
We have listed top Precious metals brokers below.
precious metal broker Table of Contents
- precious metal broker Explained
- 6 Factors to Consider when Choosing precious metal broker
- Are Your precious metal broker Trusted And Established?
- Are The precious metal broker World Leading?
- What are the precious metal broker Commissions and Fees?
- What are the precious metal broker Funding and Withdrawl Methods?
- Find precious metal broker with Round-the-clock support?
- Make sure the precious metal broker Offer Comprehensive Trader resources?
- Why do precious metal broker need to be regulated?
- precious metal broker FAQ
- What are the best Precious metals brokers?
- What is the best Precious metal broker?
- Related precious metal broker Reviews
- Related precious metal broker Alternatives
- Related precious metal broker Comparisons
precious metal broker Explained
Trading the financial markets with precious metal broker when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for precious metal broker is the platform that a precious metal broker offer.
Choose precious metal broker that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need precious metal broker that you can rely on.
6 Factors to Consider when Choosing precious metal broker
Follow these five rules for selecting a broker that's right for you:
Are Your precious metal broker Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated precious metal broker broker is eToro. Established in 2006, and in operation for 12 years eToro have a head office in Cyprus, UK.
eToro is regulated. This means eToro are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is IC Markets.
IC Markets was established 2007, and in operation for 12 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
eToro
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IC Markets
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XTB
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Pepperstone
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Plus500
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Roboforex
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| Year Established | 2006 | 2007 | 2002 | 2010 | 2008 | 2009 |
| Head Office | Cyprus, UK | Australia | Poland | Australia | Israel | Cyprus |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) | 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 | Cyprus Securities and Exchange Commission (CySEC) |
| Used By | 12,000,000+ | 60,000+ | 250,000+ | 10,000+ | 15,500+ | 10,000+ |
| Negative balance protection | No | Yes | Yes | Yes | Yes | No |
| Guaranteed Stop Loss | No | No | No | No | No | No |
| Learn More | Visit eToro | Visit IC Markets | Visit XTB | Visit Pepperstone | Visit Plus500 | Visit Roboforex |
| Risk Warning | 75% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 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. 78.6% 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 | 80.5% 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 |
Are The precious metal broker World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. eToro Segregates clients funds and offers over 100 instruments. eToro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, eToro supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. eToro is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for precious metal broker is IC Markets . IC Markets Segregates clients funds and offers over 232 instruments.
| Broker |
eToro
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IC Markets
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XTB
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Pepperstone
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Plus500
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Roboforex
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| Instruments Available | 100 | 232 | 1,500 | 100 | 2,000 | 100 |
| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps |
| Excluded Countries | US, IR, KP, BE, CA, JP, SY, TR, IL, HK | US | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | BR, KR, IR, IQ, SY, JP,US | BE, US, CA ,CN, SG, ID, PH | US, JP |
| Forex pairs offered | 50 | 65 | 50 | 70 | 100 | 35 |
| Forex pairs offered | 50 | 65 | 50 | 70 | 100 | 35 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies | Yes | Yes | Yes | Yes | Yes | No |
| Commodities Offered | 0 | 19 | 21 | 16 | 17 | 0 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | Yes | Yes | No |
| Agricultural | Yes | Yes | Yes | No | Yes | No |
| Stocks Offered | 957 | 100 | 1696 | 60 | 1816 | 0 |
| UK Shares | Yes | No | Yes | No | Yes | No |
| US Shares | Yes | Yes | Yes | No | Yes | No |
| German Shares | Yes | Yes | Yes | Yes | Yes | No |
| Japanese Shares | Yes | Yes | Yes | No | Yes | No |
What are the precious metal broker Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated precious metal broker broker eToro offers competitive offers for Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency. eToro minimum deposit is 200.
Another top rated precious metal broker broker IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
| Broker |
eToro
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IC Markets
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XTB
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Pepperstone
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Plus500
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Roboforex
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| Min Deposit | 200 | 200 | 0 | 200 | 100 | 1 |
| Withdrawl Fees | Yes | No | varies | No | No | Yes |
| Inactivity Fees | Yes | No | No | Yes | Yes | No |
| Deposit Fees | No | Varies | No | No | No | No |
| CFD Commission Fees | No | Yes | Yes | Yes | No | No |
What are the precious metal broker Funding and Withdrawal Methods?
When dealing with precious metal broker having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
eToro
|
IC Markets
|
XTB
|
Pepperstone
|
Plus500
|
Roboforex
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | Yes | Yes | No |
| Skrill | Yes | Yes | Yes | Yes | Yes | No |
| Payoneer | Yes | Yes | Yes | No | Yes | |
| Neteller | Yes | Yes | Yes | Yes | No | Yes |
Find precious metal broker with Round-the-clock support?
Customer service is very important when dealing with precious metal broker.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
precious metal broker customer support can include Phone answering services, Live chat support and Email customer service support.
eToro support a wide range of languages including English, German, Spanish, French, and Italian
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
eToro and IC Markets offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
eToro
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IC Markets
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XTB
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Pepperstone
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Plus500
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Roboforex
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| Support |
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| Languages | English, German, Spanish, French, and Italian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian |
| Learn More | Visit eToro | Visit IC Markets | Visit XTB | Visit Pepperstone | Visit Plus500 | Visit Roboforex |
| Risk Warning | 75% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 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. 78.6% 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 | 80.5% 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 |
Make sure the precious metal broker Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, eToro and IC Markets work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why do precious metal broker need to be regulated?
A regulated precious metal broker broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
precious metal broker brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
precious metal broker List
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account