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GOLD TRADING BROKERS

Gold is a highly tradable metal in the trading market. Not only Gold, some others, and this precious metal is known as a reliable safe-haven asset.

Broker Broker Type Min. Spreads Min. Deposit Min. Position Max. Leverage Apply
ATFX ECN/STP By Region 100 0.01 1:200
Oinvest STP/ECN 0.7 Pips 250 0.01 1:500
FXPRIMUS ECN/STP 0.0 Pips 100 0.01 1:500
1lotstp ECN,STP 0.3 100 0.01 1.500
1Pipfix STP 0.1 100 0.1 1:400
3TG Brokers ECN 0.5 500 0.01 1.100
4XP ECN,MM 1.0 500 0.01 1.300
A Forex ECN,STP 0.3 100 0.01 1.500
Abshire-Smith ECN, STP 1.8 1000 0.1 1:200
ActivTrades STP, MM 0.9 250 0.1 1:400
AGEA ECN,STP 0.0 1 0.01 1.500
AmariFX ECN, MM 0.5 100 0.01 1:500
AMEGA ECN/STP 0.1 pips 0 0.01 1:1000
Apex FX Trading ECN,MM 1.0 1 0.1 1.100
Arab Financial ECN,STP 2.0 2000 0.01 1:400
ATC Brokers ECN,STP 1.0 3500 0.1 1.100
ATIG Securities ECN,STP 1.9 20 0.01 1.100
ATS Markets MM/ DMA/STP 1 Pips 100 0.01 1:500
Ava FX MM 3.0 100 0.1 1:200
Avivafx ECN,STP 1.0 100 0.01 1.500
Axiory STP 1.0 100 0.01 1.300
Belarta STP/DMA 0.3 1000 0.01 1:500
BFSforex ECN,STP 2.0 5 0.01 1:1000
Boston Merchant ECN,STP 1.0 100 0.1 1:400
Bulls Capital Markets STP, ECN 0.6 50 0.01 1:1000
Capital One Forex ECN,STP 0.2 100 0.1 1:1000
City Credit Capital MM / STP 3 Pips $500 0.1 1:200
COMMEXFX ECN,STP,MM 2.0 200 0.01 1:400
CommexFx ECN,STP,MM 2.0 200 0.01 1:400
Dealing24 MM 1.0 100 0.01 1.500
DeltaStock STP, MM 0.1 100 0.01 1:200
DF Markets ECN,MM 1.0 1 0.1 1:200
DFX Financials STP 1.0 200 0.1 100:1
easyMarkets Market Maker 0.3 Pips 100 0.01 1.400
European Brokerage House ECN/STP 0.1 100 0.01 1:200
Exto Capital ECN,STP 1.5 500 0.1 1:400
FastBrokers ECN,STP 0.3 250000 1 1.50
FBS STP, ECN 0.2 5 0.01 1:1000
FeelTrade STP 3.0 100 0.01 1:300
FIBOGroup ECN,MM 0.1 300 0.01 1:200
Finexo STP, MM 2.0 100 0.1 1.100
FinFX ECN,STP 0.0 150 0.01 1:200
Forex Broker Inc. STP, ECN 0.3 5 0.01 1.500
FOREX MMCIS MM 1.0 100 0.01 1.500
Forex Optimum ECN,MM 3.0 10 0.1 1.500
Forex-Broker ECN,STP 1.0 2 0.01 1.500
FOREX.ee ECN/DMA 0.0 200 0.01 1:500
Forex4you ECN 0.5 1 0.01 1.500
FormulaFX STP, ECN 0.5 100 0.01 1:300
FreshForex STP 1.0 1 0.01 1:500
FxBase ECN 1.0 100 0.01 1:500
FXcast NDD 2.0 10 0.1 1:400
FXCM NDD, STP 0.9 2,000 0.1 1.50
FXFair ECN,STP 0.1 1 0.01 1:100
FXFlat ECN,MM 1.6 500 0.01 1:400
FxGrow STP, ECN 0.1 pips 100 0.01 1:200
FXOpen ECN 0.0 1 0.01 1.500
FxPro STP, MM 0.0 500 0.1 1.500
FXTSwiss MM 1.0 2,000 0.1 1:400
GCM Forex ECN 2.0 100 0.01 1:100
GOMarkets STP 0.5 1 0.01 1.500
GREENVAULT FX ECN 0.0 1 0.01 1:1000
GTI FOREX STP, ECN 3.0 100 0.01 1:500
Hirose Financial UK STP 0.7 20 0.01 1:300
IFC Markets ECN,STP 1.8 1 0.01 1:400
IG Markets ECN,STP 0.8 1 0.1 1:200
IGOFX STP 1.0 1 0.01 1:1000
IGOFXPRO STP 3.0 1 0.01 1:1000
Ikon Group ECN 0.7 5000 0.01 1.500
InstaForex ECN 3.0 1 0.01 1.100
Interactive Brokers ECN,STP 1.3 10000 0.25 1.100
InvestTechFX ECN,STP 1.0 100 0.01 1.500
IronFX STP/ECN/MM 0.0 500 0.01 1:200
IvitaFX STP 0.0 100 0.01 1:500
LandFX STP 1.5 300 0.01 500:1
LiteForex STP 0.0 1 0.01 1.100
marketindex ECN,STP 1.0 1 0.01 1.500
MasterForex MM 2.0 1 0.1 1.500
Mega Trader FX STP 1.0 2 0.01 1.500
MIG Bank STP 0.6 2,000 0.1 1:200
My Trade ECN/NDD 0.0 50 0.01 1:500
NixonFx STP 2.0 25 0.01 1:100
NSFX STP, ECN 0.3 300 0.01 1:200
OANDA MM 0.9 1 0.01 1:200
OctaFX ECN/STP 0.0 Pips 5 0.01 1:500
OlympTrade ECN/STP 0.3 Pips 10 0.01 1:400
OzoneForex STP, ECN 0.0 1 0.01 999:1
PaxForex STP,MM,ECN 0.8 300 0.01 1.500
Pellucid Global STP/ECN 0.4 200 0.01 400:1
PIPTRADE STP, ECN 1.8 50 0.01 1:500
Plus500 MM 2.0 50 0.1 1.50
Questrade FX ECN 1.6 1000 0.1 1:200
Real Trade STP, MM 1.0 20 0.01 1.100
RoboForex ECN,STP 0.1 10 0.01 1.500
RTFX ECN,STP 2.3 2500 1 1.100
SAXfx ECN 0.0 100 0.01 1.500
Saxo Bank STP 2.0 2,000 0.05 1:200
SDWingFX ECN 1.8 100 0.01 1:400
Solforex STP 0.0 200 0.01 1:400
Synergy FX ECN,STP 1.0 500 0.01 1:400
Tadawul FX STP 1.0 500 0.05 1.500
TeleTrade ECN,STP 1.0 2000 0.1 1:200
Tenko FX ECN 0.0 50 0.01 1:500
TFIFX ECN,STP 0.5 50 0.01 1.500
TradeFort ECN,STP 2.0 5 0.01 1.100
Tradenext ECN 0.0 25 0.01 1:200
Traders Trust STP 1.0 100 0.01 1:500
Traders Way STP, MM 0.2 100 0.01 1.500
TradeView Forex STP, MM 0.2 100 0.01 1.500
Umofx ECN,STP 0.2 1 0.01 1.500
United Forex ECN,STP 2.0 100 0.01 1:200
United World Capital MM 0.0 5 0.01 1.500
uTrader ECN,MM 1.0 100 0.25 1.100
VarengoldBankFX STP 1.0 1000 0.2 1.100
Velocity Trade STP 0.5 1000 0.1 1.100
VertiFX ECN,MM 1.0 500 0.1 1:200
VR CAPITAL LTD ECN 0.5 100 0.01 1:500
Weltrade STP, ECN 2.0 25 0.01 1:500
WorldProFX ECN 0.4 250 0.01 400:1
XForex STP 3.0 100 0.05 1.400
Xforex ECN,STP 1.0 100 0.01 1:500
XGLOBAL Markets STP 0.8 1 0.01 1:500
XM Group MM 0.0 5 0.01 1:30*
Yadix ECN,STP 0.4 100 0.01 1:500
You Trade FX STP 2.0 100 0.01 1.300

Advantages of trading gold

There are several advantages to trading gold. Most of the beneficial factors are:

It's easy to place short/long position orders, and you can take advantage of both falling and rising markets.

The leverages are high, that's special for traders such as 1:200.

There are a lot of brokers who offer gold trading. So, comparing between them and choose the competitive one is easy.

You can trade 24/7 when forex trading is allowed 24/5.

Trading Gold in Forex

Without any doubt, it's effective trading for traders. In most cases, it nearly traded against American Currency – the currency and gold pair code are XAU/USD.

So, you need to track the movements of the US dollar.

A decrease in the price of USD could increase the cost of Gold. So, keep your eye on news & analysis sites for fundamental analysis and upcoming trends.

Excluding major pairs, the gold trading value exceeds on the market. Here liquidity also plays a good role.

Gold trading accounts

There are different types of accounts that depend on the broker and broker types. In most cases, usually, brokers are offering these types of accounts:

Micro account

This account is designed for beginners. For more specific traders who don't have the opportunity to start with $1000, it's notable for them.

Gold account

This account is designed for intermediate to advanced levels of traders.  After trading on a micro account, you should move on to this account. The deposit and trading funds need higher than the gold account. The capital required here is between 1,000 USD and 9,999 USD.

VIP/Platinum account

The account is only for experts and regular traders. It starts with big funds. The VIP/Platinum account starts at $25,000. The special benefit of the account is client support.

A quick guide to choosing Best Broker for Gold Trading

Registration: Ensure that the forex broker is registered with the respective country's regulating authority, as authorities register only professionals. Stay away from unregistered individuals, as they are not authorized to open an account on your behalf.

Competition among forex brokers benefits the forex trader by making it possible to find the services that most contribute to your success as a forex trader. There are so many brokers that it's possible to compare services, weed out brokers that don't have what you want, and focus on the two or three brokers that do.

Finding the best forex broker for you does require some diligence and the willingness to ask tough questions and to insist on clear, concise answers. Be aware that until recently, the forex industry had very little in the way of regulation, thus no safeguards to prevent an unscrupulous broker from telling you what they think you want to hear and letting you find out the hard way that what you thought you understood was not precisely the reality of the situation.

Always, always, always read and understand the disclosures that will be provided to you. If there's something you don't understand, ask questions. If you can't get satisfactory answers, eliminate that broker, no matter how attractive they may otherwise seem.

Finding the best forex broker online is one way to begin the process of elimination that will lead you to your top two or three candidates.

You can start by using a simple search term, such as best forex broker reviews.

There are two main types of forex brokers: Market makers and ECN, or Electronic Communications Networks. Market makers are frequently accused of trading against their customers, and there's little doubt that this has happened in some instances. Still, there are reputable market makers that realize that the more success you enjoy as a trader, the longer you will be trading with them, thus earning them the spread fees, which are their lifeblood.

Ultimately, the research you do upfront will lead you to the final goal: the best gold forex broker.