Gold Forex (Updated 2020)

Ever since the dawn of the American Wild West and its subsequent gold rush in the mid 1800s, from cowboys to wealthy investors, from private collectors to corporate conglomerates – people have always gravitated towards gold and its illustrious properties. Because gold metal is rare, makes for beautiful jewelry, and because of its superior conductive properties, manufacturers are able to make use of such metal to their benefit, which in turn impacts demand for this commodity. In today’s markets, Gold is traded in its physical form all across the world, but since most of today’s society has migrated online, we can now trade gold electronically in its digital representation instead of having to haul large chunks of metal around with us everywhere we go.

Why trade the Gold Forex Market?

In today’s online foreign exchange markets, gold can be traded much in the same way as other currency pairs are traded. With just a quick Google search, one can find a diverse selection of online exchange platforms that allow its users to publically trade gold against almost any other currency in the world. Here’s a chart indicating gold’s price movement over the past three decades. One of the primary reasons why gold is a popular choice for traders is because it acts as a strong hedge against short and long-term inflation and volatility of fiat currency. It’s always good to keep in mind that even through political turmoil such as an economic crisis or war, gold has always weathered the largest catastrophes the countries of this world have encountered to-date. Another important reason to trade gold on the forex market is that you are enabled the opportunity to speculate on the demand and supply as well as the positive and negative growth in the value of gold. Historically, gold has always had a lower correlation when compared to many other asset classes, making it an attractive instrument for diversification.

What factors have an impact on the price of gold?

We’ll cover three macro factors that indicate impact on price as it relates to the value of gold. While there are potentially an innumerable amount of micro factors that may affect the price of gold at any given time, having a keen eye on the basics will help put you in a positive trading position.

Interest rate

Historically, one of the most reliable indicators of the price of gold has been interest rates less inflation. The relationship between a nation’s interest rates and gold is quite easy to conceptualize. When a country’s interest rates are low, investment vehicles like cash and bonds tend to provide a low or negative return, pushing the investors to look towards alternative ways of hedging against value attrition.

On the other hand, when interest rates are at their all-time highs, strong returns are possible in cash and bonds and the appeal of holding gold with limited industrial applications declines. One easy way to see a proxy for interest rates in the United is to gander at the yield on Treasury Inflation Protected Securities (TIPS).

Dollar value

After the dissolution of the of the gold standard in 1971, Gold markets transferred to a floating exchange, placing the price of gold at the mercy of the U.S. dollar’s value. In 2008, the International Monetary Fund declared that it estimated that 40-50% of the fluctuation in gold prices since 2002 were strictly dollar correlated. A percentage shift in the value of the U.S. dollar led to a greater percentage shift in the price of gold.

In the short-term, gold may be quite volatile when compared to that of its fiat currency counterparts, giving us ample opportunity to seize a profitable trading margin. At the time of this article being published and over the past month, the spot price of gold has fluctuated by 4% from high-to-low, indicating volatility that is desirable for day-traders. As the chart below indicates, the value of the U.S. dollar and the price of gold carry with them an inverse relationship to one another.

Trade-weighted prices show how the U.S. dollar is gaining or losing traction, that is purchasing power when compared to its trading compadres. Even though the gold standard is gone, people are still psychologically inclined to purchase gold whenever the value of the U.S. dollar drops. The inverse relationship exists because:

A depreciating dollar augments the price-value of another country’s native currency. This raises the demand for commodities being traded, including that of gold which in-turn also increases the spot-price value.

When the U.S. dollar starts to lose its intrinsic value, investors begin looking for alternative vehicles of investment to safe-guard their hard earned money. Gold is often one of those alternative vehicles. Simply put, when the U.S. dollar starts to fall and lose its monetary worth, investors begin looking for alternative sources and vehicles of investment for value safekeeping. Gold will commonly be that alternative vehicle, making it a highly desirable asset for day and long-term traders alike.

Manufacturer demand

Since gold is used in the manufacturing process of many of today’s consumer products, it’s wise to check to see how many units of electronics large companies are shipping out their doors for example, which may provide a good indication as to how much gold is in demand by these manufacturers. While only about 10% of the world’s gold is used in the manufacturing industry, this is still a substantial amount, enough so to create substantial ripple effects in the overall ecosystem of the gold market if there is a large deviation from norm in demand. Supply-side production is also very important to consider.

Top gold trading strategies

Our intentions are to get you to trade as close to a big, smart-money trader as possible. Some like to trade gold using only macro fundamentals and others using only technical indicators, but the best-of-the-best utilize both approaches to maximize their returns.

Using fundamentals

For example there is a correlation between how gold value fluctuates and the pattern by which seasons shift throughout the course of the year.

There are specific times throughout the course of the year when gold may be stronger or weaker, depending on the seasonal trends that create an easily noticeable pattern in the value fluctuation of gold. Wouldn’t it be awesome to know ahead of time when gold has a higher likelihood to appreciate or depreciate, and become a master wizard at placing the best market orders for your trades?

This natural pattern seems to have an interesting trait in that it repeats itself during the same parts of the year – like clockwork, wherein spring yields to blooming flowers and autumn to falling leaves. On average these patterns persist themselves, and this is precisely what seasonality is.

Using technical indicators

There are various technical indicators that traders use to get a legup on their trading competition. The technical indicators you can learn more about include trend, momentum, volume, and volatility. Trend indicators include the likes of Parabolic SAR and the Moving Average Convergence Divergence (MACD).

Gold Forex Brokers Guide

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

Reputable Gold Forex Brokers Checklist

There are a number of important factors to consider when picking an online Gold Forex 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 Gold Forex Brokers.

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

Best 15 Gold Forex Brokers of 2020 compared

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

All brokers below are gold forex brokers. Learn more about what they offer below.

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

All Gold forex brokers in more detail

You can compare Gold Forex Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

eToro

★★★★☆ (4/5)

Min deposit : 200
eToro offers CFDs, Social Trading
eToro was established in 2006 and is used by over 12000000+ traders.

Visit eToro Try a Demo Read review

62% 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.

Broker	eToro	XTB	IC Markets	Pepperstone	Plus500	FXPrimus	EasyMarkets	Roboforex	FP Markets	XM	ThinkMarkets	HY Markets	City Index	AvaTrade	Forex.com	OctaFX
Rating	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★☆☆	★★★★☆	★★★★☆
Regulation	Financial Conduct Authority (FCA), 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	Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)	Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)	Financial Conduct Authority (FCA), FCA FRN 509909, Cyprus Securities and Exchange Commission (CySEC), CySEC cLicense No. 250/14	Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)	Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)	Cyprus Securities and Exchange Commission (CySEC)	Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)	Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)	Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048	Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)	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)	Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA)	Financial Conduct Authority (FCA)
Min Deposit	200	No minimum deposit	200	200	100	100	1	1	100	5	250	100	25	250	500	5
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	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+	250,000+	60,000+	10,000+	15,500+	10,000+	10,000+	10,000+	10,000+	70,000+	10,000+	10,000+	14,000+	200,000+	40,000+	30,000+
Benefits	Offers STP Low min deposit	Allows scalping Allows hedging Offers STP Low min deposit Guaranteed stop loss Offers Negative Balance Protection	Allows scalping Allows hedging 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 Offers STP Low min deposit	Allows scalping Allows hedging Offers STP Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit	Allows scalping Allows hedging Low min deposit	Allows hedging Offers STP Low min deposit Guaranteed stop loss Offers Negative Balance Protection	Allows scalping Allows hedging Low min deposit	Allows scalping Allows hedging Offers STP Guaranteed stop loss Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit Guaranteed stop loss Offers Negative Balance Protection
Accounts	Demo account Micro account Mini account Standard account Islamic account	Pro account Demo account Micro account Mini account Standard account Islamic account	Demo account Mini account Standard account Zero spread account Raw Spread 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 ECN account Managed account Islamic account	Demo account Micro account Mini account Standard account Islamic account	Demo account Micro account Mini account Standard account Zero spread account ECN account Islamic account	Demo account Mini account Standard account ECN account Managed account Islamic account	Demo account Micro account Mini account Standard account Zero spread account Islamic account	Demo account Mini account Standard account ECN account Islamic account	Demo account Micro account Mini account Standard account Islamic account	Demo account Micro account Mini account Standard account Managed account	Demo account Micro account Mini account Standard account Islamic account	Demo account Mini account Standard account ECN account Islamic account	Demo account Micro account Mini account Standard account Zero spread 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	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, Mirror Trader, Web Trader, Tablet & Mobile apps	MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac	MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps	Web Trader, Tablet & Mobile apps	MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps	MT4, Web Trader, Tablet & Mobile apps	MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps	MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps	MT4, MT5, Mac, Web Trader, Tablet & Mobile apps	MT4, Mac, Web Trader, Tablet & Mobile apps	MT4, Tablet & Mobile apps	MT4, Web Trader, Tablet & Mobile apps	MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps	MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps	MT4, MT5, Web Trader, cTrader, 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	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 XTB	Sign Up with IC Markets	Sign Up with Pepperstone	Sign Up with Plus500	Sign Up with FXPrimus	Sign Up with EasyMarkets	Sign Up with Roboforex	Sign Up with FP Markets	Sign Up with XM	Sign Up with ThinkMarkets	Sign Up with HYCM	Sign Up with City Index	Sign Up with AvaTrade	Sign Up with Forex.com	Sign Up with OctaFX
Risk Warning	62% 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.	Your capital is at risk	Losses can exceed deposits	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% 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	76.4% of retail CFD accounts lose money	Losses can exceed deposits	Your capital is at risk	Losses can exceed deposits	Losses can exceed deposits	Your capital is at risk	Losses can exceed deposits	Losses can exceed deposits	71% of retail investor accounts lose money when trading CFDs with this provider	Losses can exceed deposits	69% of retail investor accounts lose money when trading CFDs with this provider	Losses can exceed deposits
Demo	eToro Demo	XTB Demo	IC Markets Demo	Pepperstone Demo	Plus500 Demo	FXPrimus Demo	EasyMarkets Demo	Roboforex Demo	FP Markets Demo	XM Demo	ThinkMarkets Demo	HYCM Demo	City Index Demo	AvaTrade Demo	Forex.com Demo	OctaFX Demo
Excluded Countries	US, IR, KP, BE, CA, JP, SY, TR, IL	US, IN, PK, BD, NG , ID, BE	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	KR, IR, IQ, SY, JP, US	BE, US, CA, CN, ID, PH	AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC.	US	US, JP	US, JP, NZ	US, CA, IL, BE, 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	US	US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW	BE, BR, KP, NZ, TR, US, CA, SG	BE	US

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)

XTB

★★★★☆ (4/5)

Min deposit : 0
XTB offers Forex, CFDs, Cryptocurrency
XTB was established in 2002 and is used by over 250000+ traders.

Visit XTB Try a Demo Read review

Your capital is at risk

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

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

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

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

IC Markets

★★★★☆ (4/5)

Min deposit : 200
IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies
IC Markets was established in 2007 and is used by over 60000+ traders.

Visit IC Markets Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

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

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

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)

Pepperstone

★★★★☆ (4/5)

Min deposit : 200
Pepperstone offers Forex, CFDs, Social Trading
Pepperstone was established in 2010 and is used by over 10000+ traders.

Visit Pepperstone Try a Demo Read review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% 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

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

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

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)

Plus500

★★★★☆ (4/5)

Min deposit : 100
Plus500 offers CFDs
Plus500 was established in 2008 and is used by over 15500+ traders.

Visit Plus500 Try a Demo Read review

76.4% of retail CFD accounts lose money

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), FCA FRN 509909, Cyprus Securities and Exchange Commission (CySEC), CySEC cLicense No. 250/14

FXPrimus

★★★★☆ (4/5)

Min deposit : 100
FXPrimus offers Forex, Social Trading
FXPrimus was established in 2009 and is used by over 10000+ traders.

Visit FXPrimus Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

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

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)

EasyMarkets

★★★★☆ (4/5)

Min deposit : 1
EasyMarkets offers Forex, CFDs
EasyMarkets was established in 2003 and is used by over 10000+ traders.

Visit EasyMarkets Try a Demo Read review

Your capital is at risk

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)

Roboforex

★★★★☆ (4/5)

Min deposit : 1
Roboforex offers Forex, CFDs
Roboforex was established in 2009 and is used by over 10000+ traders.

Visit Roboforex Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

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

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Cyprus Securities and Exchange Commission (CySEC)

FP Markets

★★★★☆ (4/5)

Min deposit : 100
FP Markets offers Forex
FP Markets was established in 2005 and is used by over 10000+ traders.

Visit FP Markets Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

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

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)

★★★★☆ (4/5)

Min deposit : 5
XM offers Forex, CFDs
XM was established in 2009 and is used by over 70000+ traders.

Visit XM Try a Demo Read review

Your capital is at risk

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

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

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)

ThinkMarkets

★★★★☆ (4/5)

Min deposit : 250
ThinkMarkets offers Forex, CFDs
ThinkMarkets was established in 2010 and is used by over 10000+ traders.

Visit ThinkMarkets Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, Mac, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)

HY Markets

★★★★☆ (4/5)

Min deposit : 100
HYCM offers Forex, CFDs
HYCM was established in 1977 and is used by over 10000+ traders.

Visit HYCM Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048

City Index

★★★★☆ (4/5)

Min deposit : 25
City Index offers Forex, CFDs, Spread Betting
City Index was established in 1983 and is used by over 14000+ traders.

Visit City Index Try a Demo Read review

71% of retail investor accounts lose money when trading CFDs with this provider

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)

AvaTrade

★★★☆☆ (3/5)

Min deposit : 250
AvaTrade offers Forex, CFDs, Spread Betting, Social Trading
AvaTrade was established in 2006 and is used by over 200000+ traders.

Visit AvaTrade Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

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

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

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)

Forex.com

★★★★☆ (4/5)

Min deposit : 500
Forex.com offers Forex, Indices, Commodities, Equities, Cryptocurrencies
Forex.com was established in 1999 and is used by over 40000+ traders.

Visit Forex.com Try a Demo Read review

69% of retail investor accounts lose money when trading CFDs with this provider

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) 

OctaFX

★★★★☆ (4/5)

Min deposit : 5
OctaFX offers Forex
OctaFX was established in 2011 and is used by over 30000+ traders.

Visit OctaFX Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

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

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA)

NordFX

★★★★☆ (4/5)

Min deposit : 1
NordFX offers Forex
NordFX was established in 2008 and is used by over 10000+ traders.

Visit NordFX Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13

FXPro

★★★★☆ (4/5)

Min deposit : 100
FXPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies
FXPro was established in 2006 and is used by over 10000+ traders.

Visit FXPro Try a Demo Read review

Your capital is at risk

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, cTrader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA) 

Admiral

★★★★☆ (4/5)

Min deposit : 200
Admiral Markets offers Forex, CFDs
Admiral Markets was established in 2001 and is used by over 10000+ traders.

Visit Admiral Markets Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

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

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)

Axitrader

★★★★☆ (4/5)

Min deposit : 0
Axitrader offers Forex, CFDs, Social Trading
Axitrader was established in 2007 and is used by over 10000+ traders.

Visit Axitrader Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

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

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

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)

paxforex

★★★★☆ (4/5)

Min deposit : 10
PaxForex offers Forex trading, CFD trading,
PaxForex was established in 2010 and is used by over 350+ traders.

Visit PaxForex Try a Demo Read review

Your capital is at risk

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

Web,iPad,mac,Desktop,iPhoneiOS

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825

SpreadEx

★★★★☆ (4/5)

Min deposit : 1
SpreadEx offers Forex, CFDs, and spread betting
SpreadEx was established in 1999 and is used by over 10000+ traders.

Visit SpreadEx Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA)

Swissquote

★★★★☆ (4/5)

Min deposit : 1000
Swissquote offers Forex, Social Trading
Swissquote was established in 1999 and is used by over 300000+ traders.

Visit Swissquote Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

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

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA)

Markets.com

★★★★☆ (4/5)

Min deposit : 100
Markets.com offers Forex, CFDs and Spread Bets. Spread Bets are only available to UK customers
Markets.com was established in 2008 and is used by over 10000+ traders.

Visit Markets.com Try a Demo Read review

84% 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.

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)

Gold Forex Review by Andrew Blumer last updated on April 02, 2020

Gold Forex Brokers Table of Contents

What is Gold Forex?
Why trade the Gold Forex Market?
What factors have an impact on the price of gold?
Interest rate
Dollar value
Manufacturer demand
Top gold trading strategies
Using fundamentals
Using technical indicators
Gold Forex Brokers Explained
6 Factors to Consider when Choosing Gold Forex Brokers

Are Your Gold Forex Brokers Trusted And Established?
Are The Gold Forex Brokers World Leading?
What are the Gold Forex Brokers Commissions and Fees?
What are the Gold Forex Brokers Funding and Withdrawl Methods?
Find Gold Forex Brokers with Round-the-clock support?
Make sure the Gold Forex Brokers Offer Comprehensive Trader resources?
Why do Gold Forex Brokers need to be regulated?

Related Gold Forex Brokers Reviews
Related Gold Forex Brokers Alternatives
Related Gold Forex Brokers Comparisons
Gold Forex Brokers FAQ

Who invented Forex trading?
When did online Forex start?
Can you get rich by trading forex?
How do you trade Forex?

Gold Forex Brokers Explained

Trading the financial markets with Gold Forex Brokers 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 Gold Forex Brokers is the platform that a Gold Forex Brokers offer.

Choose Gold Forex Brokers that's at the forefront of innovation and generally considered an industry-leader.

To gain access to the financial markets, you'll need Gold Forex Brokers that you can rely on.

6 Factors to Consider when Choosing Gold Forex Brokers

Follow these five rules for selecting a broker that's right for you:

Are Your Gold Forex Brokers 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 best rated Gold Forex 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 best rated broker is XTB.

XTB was established 2002, and in operation for 16 years XTB have a head office in Poland.

XTB is regulated. This means XTB are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Broker	eToro	XTB	IC Markets	Pepperstone
Year Established	2006	2002	2007	2010
Head Office	Cyprus, UK	Poland	Australia	Australia
Regulation	Financial Conduct Authority (FCA), 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	Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)	Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Used By	12,000,000+	250,000+	60,000+	10,000+
Negative balance protection	No	Yes	Yes	Yes
Guaranteed Stop Loss	No	Yes	No	No
Learn More	Visit eToro	Visit XTB	Visit IC Markets	Visit Pepperstone
Risk Warning	62% 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.	Your capital is at risk	Losses can exceed deposits	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% 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

Are The Gold Forex Brokers 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 Gold Forex Brokers is XTB . XTB Segregates clients funds and offers over 1,500 instruments.

Broker	eToro	XTB	IC Markets	Pepperstone
Instruments Available	100	1,500	232	100
Platforms	Web Trader, Tablet & Mobile apps	MT4, Mirror Trader, Web Trader, Tablet & Mobile apps	MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac	MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
Excluded Countries	US, IR, KP, BE, CA, JP, SY, TR, IL	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	US	KR, IR, IQ, SY, JP,US
Forex pairs offered	50	50	65	70
Forex pairs offered	50	50	65	70
Major forex pairs	Yes	Yes	Yes	Yes
Minor forex pairs	Yes	Yes	Yes	Yes
Exotic forex pairs	Yes	Yes	Yes	Yes
Cryptocurrencies	Yes	Yes	Yes	Yes
Commodities Offered	0	21	19	16
Metals	Yes	Yes	Yes	Yes
Energies	Yes	Yes	Yes	Yes
Agricultural	Yes	Yes	Yes	No
Stocks Offered	957	1696	100	60
UK Shares	Yes	Yes	No	No
US Shares	Yes	Yes	Yes	No
German Shares	Yes	Yes	Yes	Yes
Japanese Shares	Yes	Yes	Yes	No

What are the Gold Forex Brokers Commissions and Fees?

Ensure that your broker is transparent with fees and those dues are competitive.

The best rated Gold Forex broker eToro offers competitive offers for CFDs, Social Trading. eToro minimum deposit is 200.

Another best rated Gold Forex broker XTB offers Forex, CFDs, Cryptocurrency. XTB minimum deposit is 0.

Broker	eToro	XTB	IC Markets	Pepperstone
Min Deposit	200	0	200	200
Withdrawl Fees	Yes	varies	No	No
Inactivity Fees	Yes	No	No	Yes
Deposit Fees	No	No	Varies	No
CFD Commission Fees	No	Yes	Yes	Yes

What are the Gold Forex Brokers Funding and Withdrawal Methods?

When dealing with Gold Forex Brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.

Broker	eToro	XTB	IC Markets	Pepperstone
Bank transfer	Yes	Yes	Yes	Yes
Credit Cards	Yes	Yes	Yes	Yes
Paypal	Yes	Yes	Yes	Yes
Skrill	Yes	Yes	Yes	Yes
Payoneer	Yes	Yes		Yes
Neteller	Yes	Yes	Yes	Yes

Find Gold Forex Brokers with Round-the-clock support?

Customer service is very important when dealing with Gold Forex Brokers.

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.

Gold Forex Brokers 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

XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish

eToro and XTB offer support where clients are able to call or contact the helpdesk via email or a chat service.

Broker	eToro	XTB	IC Markets	Pepperstone
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
Languages	English, German, Spanish, French, and Italian	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish	English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more	English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More	Visit eToro	Visit XTB	Visit IC Markets	Visit Pepperstone
Risk Warning	62% 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.	Your capital is at risk	Losses can exceed deposits	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% 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

Make sure the Gold Forex Brokers Offer Comprehensive Trader resources?

Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from best analysts, eToro and XTB 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 Gold Forex Brokers need to be regulated?

A regulated Gold Forex broker lowers your risk.

Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.

Gold Forex 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.

What is Gold Forex?

Why trade the Gold Forex Market?

What factors have an impact on the price of gold?

Interest rate

Dollar value

Manufacturer demand

Top gold trading strategies

Using fundamentals

Using technical indicators

Gold Forex Brokers Guide

Reputable Gold Forex Brokers Checklist

Our brokerage comparison table below allows you to compare the below features for brokers offering Gold Forex Brokers.

Best 15 Gold Forex Brokers of 2020 compared

All Gold forex brokers in more detail

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