27 Best Forex Gold Trading Brokers

 

Overview

Trading gold is much like trading forex if you use a spread-betting platform. A gold trading strategy can include a mix of fundamental, sentimental, or technical analysis

 

 

Advanced gold traders recognize that the yellow metal is priced in US Dollar s and will account for its trend in their gold analysis.

As such, gold as always been considered a safe have an investment as well as an important part of any well-diversified investment portfolio.

 

As part of any gold trading strategy, it is crucial to conduct your trading using a reputable and effective broker, which is why we have compiled this list of the 27 best gold trading brokers so that you can take your investment career to the next level.

Here are our 10 Best Forex Gold Trading Brokers

 

Let’s get started with the full breakdown of the Best Forex Gold Trading Brokers.

 

Tickmill

 

 

Overview

Tickmill is a strong online trading platform for both beginner and experienced traders. An unlimited demo account is available for beginner traders, and you do not need to make a deposit to access the demo account.

In addition to Forex, Tickmill offers trading on its platform in energy products, like Oil, and precious metals, like gold and silver.

 

Pros and Cons

✔️PROS	❌CONS
Competitive pricing Well regulated High leverage Advanced trading software STP model

 

Features

Feature	Information
Regulation	FSA
Minimum deposit from	US Dollar 100
Average spread from	0.1 pips
Commissions from	‎2 per side per 100,000 traded
Deposit/Withdrawal Fees	None
Maximum Leverage	1:500
Bonuses	US Dollar 30 Welcome Bonus
Customer Support	24/5

Plus500

 

77% 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.

 

With a sole mission of being the leading CFD provider in the Forex market. Plus500 takes an innovative approach to trade CFDs which are complex financial products and trading with them requires experience and knowledge. Products are limited to CFDs but users can look forward to web and mobile platforms that are kept up to date.

 

The support team is available at all hours of the day and features a WhatsApp chat line as opposed to a telephone line.

 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. It is a serious and risky activity that requires attention, experience, and knowledge. CFD Service. Your capital is at risk

 

Overall Pros and Cons

Pros	Cons
User experience is efficient	Limited research tools
Trader’s guide with how-to videos	WhatsApp support needs to be optimised
24/7 customer support

Fees and commissions

Features	Prices
Minimum Initial deposit to start trading	€100
Average spread EUR/USD – active	N/A
Average spread EUR/USD – standard	Spread values can be viewed here
VIP or active trader discounts	No

 

FXTM

 

 

Overview

FXTM is also known as ForexTime and commenced operations in 2011 from its de facto headquarters in Limassol, Cyprus.

Since then, FXTM has achieved rapid global expansion, driven primarily by its desire to serve specific local markets with strong FX demand.

 

Pros and Cons

✔️PROS	❌CONS
Superb customer service	Inactivity and withdrawal fees
High maximum leverage	Limited product portfolio
Great educational tools

 

Features

Feature	Information
Regulation	CySEC, FCA, FSCA
Minimum deposit from	US Dollar 100
Average spread from	0.9 pips
Commissions from	No commission
Deposit/Withdrawal Fees	US Dollar 3
Maximum Leverage	1:500 on average
Bonuses	US Dollar 300 Trading Bonus
Customer Support	24/5

 

Vantage FX

 

 

Overview

Vantage FX is a major broker that offers various CFD instruments and forex trading to many users worldwide. They are also fully regulated and known for providing secure access to the online markets.

Vantage FX is primarily an Australian broker as it was founded there in 2009 and continues to have its headquarters based in Sydney.

 

Pros and Cons

✔️PROS	❌CONS
Well regulated Advanced trading platforms Has indemnity insurance	Limited range of tradable instruments

 

Features

Feature	Information
Regulation	ASIC
Minimum deposit from	US Dollar 200
Average spread from	1.35 pips
Commissions from	‎US Dollar 3 added per side
Deposit/Withdrawal Fees	20 units of trading account base currency
Maximum Leverage	1:500
Bonuses	50% Welcome Bonus
Customer Support	24/5

 

FXCM

 

 

Overview

Forex Capital Markets Limited (“FXCM LTD”) is a Spread Betting, CFD and Forex trading broker, offering the ability to trade on Forex, Forex Baskets, Indices, Commodities and Crypto.

Traders are provided with the broker’s own proprietary Trading Station platform for Desktop, Web and Mobile, as well as on MetaTrader 4, NinjaTrader and ZuluTrade.

 

Pros and Cons

✔️Pros Excellent educational resources for beginner traders Low minimum deposit requirement Advanced research tools Excellent customer support

❌Cons No Web Trader option available for trading platforms Rudimentary mobile trading platform Limited product portfolio

 

Features

Feature	Information
Regulation	FCA, ASIC, ACPR, FSP
Minimum deposit from	US Dollar 50
Average spread from	1.3 pips
Commissions from	£4 per standard round-turn lot (£2 per side)
Deposit/Withdrawal Fees	None
Maximum Leverage	1:400
Bonuses	US Dollar 20 Welcome Bonus
Customer Support	24/5

 

OctaFX

 

 

Overview

OctaFX is a CySEC regulated STP/ECN broker founded in 2011 that will appeal to all Forex traders, both beginners and professionals.

They have an excellent analytical section and offer a range of useful trading tools such as AutoChartist, copy trading and an account monitoring service so you can learn anonymously from other successful traders.

 

Pros and Cons

✔️PROS	❌CONS
Ultra-fast execution	No VPS available
More than 30 forex pairs available Well-regulated	No Forex educational tools

 

Features

Feature	Information
Regulation	CySEC
Minimum deposit from	US Dollar 100
Average spread from	0.7 pips
Commissions from	None
Deposit/Withdrawal Fees	None
Maximum Leverage	1:500
Bonuses	50% Deposit Bonus
Customer Support	24/5

 

BDSwiss

 

 

Overview

BDSwiss is a respected broker, popular with both beginner and experienced traders. Several account types are available, including a subscription-based Raw Spread Account, which offers very tight spreads and no commission in return for a low monthly payment.

MT4 and MT5 are both supported and educational and analytical material are both excellent.

 

Pros and Cons

✔️PROS	❌CONS
MetaTrader 4 and 5 available	Relatively high minimum deposit
Multiple regulations

 

Features

Feature	Information
Regulation	CySEC, FSC, NFA
Minimum deposit from	US Dollar 200
Average spread from	1.3 pips
Commissions from	0.1% for stock and CFDs
Deposit/Withdrawal Fees	10 EUR from 20 EUR upwards
Maximum Leverage	1:500
Bonus	None
Customer Support	24/5

 

XTB

 

 

Overview

XTB offers over 2,000 assets from the MT4 platform as well as its proprietary platform, xStation 5.

It is home to over 200,000 traders and grants international clients leverage of up to 1:500, ensuring the trading environment remains globally competitive.

 

Pros and Cons

✔️Pros Low trading fees Free deposit and withdrawal

❌Cons High stock CFDs Limited asset portfolio

 

Features

Feature	Information
Regulation	KNF, FCA, CySEC and IFSC
Minimum deposit from	US Dollar 250
Average spread from	1.02 pips
Commissions from	0.08% of trade value with US Dollar 8 minimum
Deposit/Withdrawal Fees	US Dollar 30 on withdrawals of less than US Dollar 50
Maximum Leverage	1:500
Bonuses	US Dollar 40 No Deposit Bonus

 

Saxo Bank

 

 

Overview

A significantly regulated, very reliable broker and bank, Saxo Bank is an excellent choice for any trader who is prepared to or able to invest US Dollar 10 000. Saxo has been honoured with numerous awards over many years and offers practical, advanced customer service.

 

Pros and Cons

✔️PROS	❌CONS
Low trading fees Transparent fee structure	Relatively slow account opening Very high minimum deposit

 

Features

Feature	Information
Regulation	FCA, ASIC, FINMA
Minimum deposit from	US Dollar 10 000
Average spread from	0.3 pips
Commissions from	‎US Dollar 3
Deposit/Withdrawal Fees	None
Maximum Leverage	1:200
Bonuses	None
Customer Support	24/5

 

InstaForex

 

 

Overview

The InstaForex brand was launched in 2007 and has since become one of the world’s most popular Forex brokers, boasting over 7 million clients across the globe.

No expense has been spared on technology, and this broker offers exceptionally well-maintained websites and trading apps for any device. Your online security is also ensured with the use of bank-level encryption for all personal and financial data.

 

Pros and Cons

✔️PROS	❌CONS
Well regulated High leverage No minimum deposit

 

Features

Feature	Information
Regulation	CySEC
Minimum deposit from	No minimum deposit
Average spread from	Average floating 0.8 pips
Commissions from	‎None
Deposit/Withdrawal Fees	None
Maximum Leverage	1:1000
Bonuses	30% Deposit Bonus
Customer Support	24/5

 

EasyMarkets

 

 

Overview

Just as the name suggests, easyMarkets were founded on a promise to make online trading and investment as easy and accessible as possible. As such, they put a lot of focus on catering to the novice and intermediate trader, just getting started on their trading journey.

Users of the easyMarkets platform trade primarily through the proprietary easyMarkets trading platform, which is designed from the ground up by their designers.

It is relatively simple to use, with a low learning curve, making it the ideal platform for novice traders. Some of the notable features include ‘deal cancellation, ‘Inside Viewer’, and ‘Freeze Rate’.

 

Pros and Cons

✔️Pros The highly simulated demo environment Responsive and professional customer support

❌Cons Proprietary Deal Cancellation feature is not available on the MetaTrader 4 platform

 

Features

Feature	Information
Regulation	CySEC
Minimum deposit from	US Dollar 100
Average spread from	0.9 pips
Commissions from	None
Deposit/Withdrawal Fees	None
Maximum Leverage	1:400
Bonuses	US Dollar 25 Sign Up Bonus
Customer Support	24/5

 

Alpari

 

 

Overview

If you are new to trading and want to learn the ins and outs of Forex, you can’t go wrong with Alpari. They cater to the beginner who wants to enter the world of investing gradually. Equally, they provide services to more serious traders with more history and experience.

 

Pros and Cons

✔️PROS	❌CONS
Advanced trading platforms	Limited independent research tools
Excellent customer support Caters to a wide range of trading styles and experience levels

 

Features

Feature	Information
Regulation	Financial Services Commission (FSC)
Minimum deposit from	US Dollar 100
Average spread from	1.2 pips on majors
Commissions from	charged at 4 units of the Base currency
Deposit/Withdrawal Fees	None
Maximum Leverage	1:1000
Bonuses	Cashback Promotion
Customer Support	24/5

 

RoboForex

 

 

Overview

RoboForex is an online broker providing trading assets on their Pro-Cent, Pro-Standard, and RAMM live accounts. The broker offers an impressive selection of platforms, including MT4 and MT5.

The broker offers over 12,000 trading instruments in 8 asset classes, as well as 2 investment platforms and 4 trading platforms.

 

Pros and Cons

✔️PROS	❌CONS
Tight spreads of 0.0 pips Fast order execution Wide range of deposit currencies	No fixed spread accounts

 

Features

Feature	Information
Regulation	IFSC, CySEC
Minimum deposit from	US Dollar 10
Average spread from	0.0 pips
Commissions from	‎None
Deposit/Withdrawal Fees	None
Maximum Leverage	1:2000
Bonuses	US Dollar 30 Welcome Bonus
Customer Support	24/5

IC Markets

 

 

Overview

With an average execution time of 40 milliseconds, maximum leverage of 1:500 for all clients, and spreads as low as 0.0 pips, IC Markets has carved out a prominent place in today’s ultra-competitive brokerage industry.

 

Pros and Cons

✔️PROS	❌CONS
Low forex fees Easy and fast account opening Free deposit and withdrawal	No Negative Account Balance Protection A limited number of available CFDs

 

Features

Feature	Information
Regulation	ASIC
Minimum deposit from	US Dollar 200
Average spread from	0.0 pips
Commissions from	‎None
Deposit/Withdrawal Fees	None
Maximum Leverage	1:500
Bonuses	None
Customer Support	24/7

 

FxPro

 

 

Overview

Established in 2006, FxPro is a leading online forex and CFD trading platform brand that is owned by the FxPro group. The brand is managed by several subsidiaries which include FxPro UK Limited and FxPro Global Markets Limited.

FxPro offers 4 main types of trading platform, the MetaTrader 4. The MetaTrader 5, FxPro cTrader and FxPro Markets. Each of these trading platforms has its own distinctive strengths.

 

Pros and Cons

✔️PROS	❌CONS
A wide selection of market instruments
Client funds stored in segregated accounts Low trading fees

 

Features

Feature	Information
Regulation	FCA, CySEC, FSCA
Minimum deposit from	US Dollar 100
Average spread from	1.7 pips
Commissions from	US Dollar 45 per million USD traded.
Deposit/Withdrawal Fees	1.6% for debit and credit card
Maximum Leverage	1:500
Bonuses	None
Customer Support	24/5

 

City Index

 

 

Overview

If you are considering choosing City Index as your choice, then there is a lot to like. Not only are the spreads low and highly competitive with other brokers, but they also have a wealth of experience and a good reputation.

Offering an intuitive experience for both desktop and mobile via a choice of platforms, you can enjoy trading on an extensive selection of major, minor and exotic or emerging assets, as well as gold and silver.

 

Pros and Cons

✔️PROS	❌CONS
Low trading fees No fees for deposit and withdrawal Comprehensive research tools	Limited product portfolio

 

Features

Feature	Information
Regulation	FCA, ASIC
Minimum deposit from	US Dollar 100
Average spread from	1.5 pips
Commissions from	‎US Dollar 3
Deposit/Withdrawal Fees	None
Maximum Leverage	1:200
Bonuses	Deposit Bonus
Customer Support	24/6

 

Oanda

 

 

Overview

Founded in 1997 as a supplier of Forex data, Oanda has grown to become one of the largest and most popular CFD brokers in the world. Oanda offers two simple account options, competitive spreads and both MT4 and the award-winning Oanda Trade platform.

As you would expect from a data provider, education and market analysis are both excellent and Oanda also offers a huge range of non-Forex assets to trade.

 

Pros and Cons

✔️PROS	❌CONS
Relatively low trading fees	Limited product portfolio
No minimum deposit required
Easy account opening process

 

Features

Feature	Information
Regulation	FCA, RFED
Minimum deposit from	None
Average spread from	1.6 pips
Commissions from	US Dollar 0.01 USD per trade
Deposit/Withdrawal Fees	None
Maximum Leverage	1:100
Bonuses	None
Customer Support	24/5

 

Interactive Brokers

 

 

Overview

Interactive Brokers (IBKR) comprehensive offering facilitates access to over 100 market centres in 24 different countries, dealing in stocks, forex, futures, options, ETF, bonds, and CFDs.

 

Pros and Cons

✔️PROS	❌CONS
Wide range of products Excellent research tools Well regulated	Complicated account opening process

 

Features

Feature	Information
Regulation	FCA, ASIC, NYSE, SEC, FINRA, IIROC
Minimum deposit from	None
Average spread from	0.1 pips
Commissions from	US Dollar 0.65
Deposit/Withdrawal Fees	Varies depending on the payment method
Maximum Leverage	1:40
Bonuses	None
Customer Support	24/6

 

AxiTrader

 

 

Overview

Built by traders, for traders, AxiTrader is an ASIC and FCA regulated ECN broker for the serious trader, where traders execute their positions directly on the markets without any broker interference.

While the trading platform choice is limited to MT4, AxiTrader has received strong industry recognition for their setup including Best MT4 Broker 2018 (Compare Forex Brokers Australia) and Best MT4 Provider 2018 (UK Forex Awards).

 

Pros and Cons

✔️PROS	❌CONS
No Minimum Deposit	Limited research tools
MetaTrader 4 available

 

Features

Feature	Information
Regulation	ASIC, FCA, DFSA
Minimum deposit from	No minimum deposit
Average spread from	1.24 pip
Commissions from	US Dollar 7 commission charged per round
Deposit/Withdrawal Fees	None
Maximum Leverage	1:400
Bonuses	20% Deposit Bonus
Customer Support	24/5

 

Admiral Markets