Top Silver Brokers for 2020

We found 10 online brokers that are appropriate for Trading Silver.

Best Silver Brokers Guide

Silver Brokers

Silver brokers are more in demand lately as it is one of the most traded metals in the world and in numerous forms including non-physical forms.

Trading with Silver Brokers

Silver brokers help in trading the metal as derivatives and CFDs. They help in trading in Futures and Spot trades. Lets explain the difference between futures and spot trades.

Silver futures

It is an agreed legal agreement to get the delivery of the metal in the future.

The metal under such trading is delivered as well as paid at future date.

It can be used to hedge physical silver purchases believing that in future the price drops.

Silver Spot

It represents the current price of the metal and delivery takes place on the spot.

Usually, if it is believed the silver price may rise, spot purchases occur.

Factors Influencing Silver Market

Individual use is one of the largest factors that influence the silver market or silver demand. A survey data reveals it accounts for 60 percent of the physical metal demand.

The other important factor influencing silver demand is industrial applications.

Let's understand it with an example. If the demand for solar panels increases, the manufacturing of it too rises. This results in the increased demand for silver as the metal is used in the photovoltaics of the system. Similarly, silver is used in detergents and plastics production.

Silver Exchanges

One of the leading derivatives exchanges in the world is Eurex Exchange. Eurex has a large trading volume of silver.

Silver is traded on Commodity Exchange Inc, which is also commonly addressed as COMEX and is a New York Merchantile Index division.

Tokyo Commodity Exchange (TOCOM) plays an important role in the trading of silver. It is one of the largest commodities in Asia.

Your silver brokers may help you to trade the metal on these exchanges.

Silver Timeline

The metal was first mined in Anatolia, a place which is currently in Turkey, in 3000 B.C.

By 1200 B.C. Laurium mines in Greece became the center of its production.

Spain led the production in 150 A.D.

Between 1500 and 1800 Peru, Mexico and Bolivia produced 85 percent of the metal in the world.

Between 1876 and 1920 the production increased four-folds due to technological advancement and new regions were exploited.

Silver Trading in Physical Forms

In physical form, silver is traded as bars and coins. The silver bars come from reputable brands in different shapes and sizes. The most common bar is the bullion bar and comes in either triangular or rectangular shapes of 995+ purity.

Silver coins have ease of liquidation because these can be used as currency, unlike the silver bars. The popular brands in the segment include American Silver Eagle and Canadian Silver Maple Leaf.

Trading Silver

Gold is a popular investment choice and is well known in the community. Unlike the case with silver, which is still not much in demand compared to gold.

One reason is that many groups of people believe that the only precious metal that can be used as an investment option is gold.

Silver can also be an investment choice and can compete with gold investment. Although there are many differences, gold and silver are equally attractive investment choices.

Gold and silver investment can also be done through trading.

The mechanism and the way it works is different from the physical investment that uses a bar/dinar/dirham scale. The trading system is similar to foreign exchange ( Forex ) trading.

The most famous example of silver trading can be found on the market with the pair XAG / USD.

As with gold, the value of silver will also continue to grow in the long run. So silver trading can be your long-term investment choice.

Here are some factors that could be your consideration in choosing trading silver:

Tackling the Risk of Economic Crisis

One of the supporting reasons for investing in silver is that you can anticipate your investment during the economic crisis.

Banks generally react to crises by lowering interest rates and increasing the amount of money in circulation.

The efforts of these banks have the potential to weaken currencies and erode the stock and bond markets.

But unlike financial assets, physical assets such as silver cannot be made on paper.

The amount of silver supply on the ground is limited. For this reason, maintaining the value of silver is far more likely than maintaining the value of financial assets during a crisis.

Playing a role in the Global Economy

Silver is a very important commodity for many industries. This causes the strength of the global economy must rise to higher prices.

Demand for silver for jewelry is very strong, especially in India. Because of this large demand and other developing market countries also continue to grow, it is estimated that silver demand can increase sharply.

Supply and Prices

Bidding for silver may be one of the most attractive factors for investors to invest in these commodities.

Pressured silver prices and high mining costs have caused a decline in the amount of silver production in recent years. Many mining projects are in a difficult position due to depressed silver prices.

At the same time, silver supply is at a low position. Betting on the depleted supply remaining and low production, silver prices can rise along with the difficulty of obtaining raw materials.

The demand for silver investment is also expected to increase. Although the industry demand for silver is at a consistent rate, the demand for investment can be more varied.

If investment demand increases, silver prices will also certainly experience a significant increase, especially if the silver supply is still low.

Another factor that is the reason for the increase in silver investment is the gold-silver ratio.

The gold-silver ratio is near the highest level in the last 10 years.

Gold from the past is an investment asset that is relatively expensive when compared to silver. Silver investors generally buy silver in part to bet that the ratio between gold and silver can lead to lower.

Not only silver investment but all investments, in general, have potential risks and rewards.

Therefore, previous traders must take into account all possibilities and gather as much information as possible before investing.

Different from investing in other commodities, investing in silver which is a broad asset diversification plan can provide investors with several benefits.

Here are a few reasons:

Silver and Portfolio Risk

Silver Potential to mitigate portfolio risk because it performs better than stocks and bonds when there are problems in global politics.

Silver vs Financial Assets

Silver can function better than financial assets during periods of hyperinflation. Silver can also work better during periods of severe deflation.

This deflation can get worse especially if the central bank responds devaluing currencies dramatically.

Silver and Developing Countries

Trading silver is one way to bet on strengths in developing countries. Many countries experience political instability for a long time.

This causes people in developing countries to tend to trust paper currencies more and want more hard assets such as silver.

Silver Demand Globally

To bet on the increasing demand for metals in the global industry.

However, investing in silver can fail if some unexpected results occur, such as a stronger US dollar, a slowdown in global industries in China and India, and industries substituting silver for other metals, such as electronics and jewelry.

Another advantage of a silver investment that attracts novice investors is:

Lower silver price

This is very beneficial for silver investors because the price is cheaper so they can buy or collect more silver. For novice investors who do not have much capital, of course, silver is the right choice.

Small and safe capital

For potential investors who don't want to take big risks in investing, silver can be the right choice. Low silver prices do not require large investment capital.

Some investors do not understand that silver prices tend to be stable as the price of gold continues to rise. Some things that cause silver prices to stabilize and tend to rise are:

Global Silver Market

The global silver market is smaller in price and therefore difficult to manipulate.

Silver and World Central Banks

The world's central banks are not interested in stabilizing the price of silver therefore they are more interested in gold holders.

Silver and Gold

Silver is a gold companion commodity, therefore the price will always follow the movement of the gold price.

Silver Price Spikes

The presentation of price spikes in silver increases in commodity markets can be higher compared to gold.

The demand for silver is wider when compared to gold. Silver can be used in various industries such as ink colouring, coating, mirror making, accessories, and so on. Even silver can also be used in the health sector.

As you well know, silver has a limited amount, therefore, the price of silver may always increase.

The purchase price of silver is generally still affordable and the selling price is easy and stable. Therefore silver investment began to have a lot of interest.

Silver Brokers Verdict

Silver is always in demand irrespective of individual use or industrial purpose. Silver brokers help in trading it as CFDs and derivatives on various exchanges like Eurex Exchange, TOCOM and COMEX.

We've collected thousands of datapoints and written a guide to help you find the best Silver Brokers 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 silver brokers below. You can go straight to the broker list here.

Reputable Silver Brokers Checklist

There are a number of important factors to consider when picking an online Silver trading brokerage.

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 Silver Brokers.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Silver Brokers of 2020 compared

Here are the top Silver Brokers.

Compare Silver Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are silver brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more silver brokers that accept silver clients

Broker eToro IC Markets XTB Pepperstone Plus500 Roboforex EasyMarkets AvaTrade XM ThinkMarkets
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), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 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
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 12,000,000+ 60,000+ 250,000+ 10,000+ 15,500+ 10,000+ 142,500+ 200,000+ 70,000+ 10,000+
Benefits
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
Accounts
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
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
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
etoro
Sign Up with
icmarkets
Sign Up with
xtb
Sign Up with
pepperstone
Sign Up with
plus500
Sign Up with
roboforex
Sign Up with
easymarkets
Sign Up with
avatrade
Sign Up with
xm
Sign 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 Silver brokers in more detail

You can compare Silver 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 Silver Brokers for 2020 article further below. You can see it now by clicking here

We have listed top Silver brokers below.

Silver Brokers List

eToro
(4/5)
Min deposit : 200
eToro was established in 2006 and is used by over 12000000+ traders. 75% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 60000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 250000+ traders. 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. XTB offers Forex, CFDs, Cryptocurrency

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by 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
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 10000+ traders. 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 Pepperstone offers Forex, CFDs, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 15500+ traders. 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. Plus500 offers CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by 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
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
AvaTrade
(4/5)
Min deposit : 250
AvaTrade was established in 2006 and is used by over 200000+ traders. 79% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, CFDs, Spread Betting, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by 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)
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 70000+ traders. Your capital is at risk XM offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
ThinkMarkets
(4/5)
Min deposit : 250
ThinkMarkets was established in 2010 and is used by over 10000+ traders. Losses can exceed deposits ThinkMarkets offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)