Best Gold Trading Forex Brokers

In order to choose which gold trading brokers to feature in this top 10, we have took into consideration a number of factors including:

• The availability of tradable gold instruments;
• Commissions charged by the broker on gold;
• The different methods of investment offered on gold;
• The minimum contract size on gold assets;
• The regulation of the brokers.

Round-up

Find below a comparison table showing the differences and similarities of each of the 10 gold forex brokers.

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Review

1. HF Markets

• Both MT4 and MT5 trading platforms support trading on gold as CFDs. You can also trade one gold ETF (GLD).
• HF Markets allows gold trading also for those traders interested in copy trading on the proprietary HF Copy platform.
• The size of 1 lot on gold is equal to 100 ounces while the minimum trade size is 0.01 lots or 1 ounce. High-volume traders can open up to 60 lots or 7 lots if operating on a micro account.
• Gold is typically traded against the USD with a spread starting at 0.023 pips but on HF Markets you can trade also against the EUR with spread charged from 0.12 pips.
• Maximum leverage on gold is 1:20 in Europe, UK, and Australia or 1:200 for international traders.

Visit HF Markets
(71.04% of retail CFD accounts lose money)

2. IG Markets

• Trade gold as CFDs in different asset classes including: options, spread betting, shares, ETFs, and futures.
• Size of 1 lot is equal to 100 ounces while the minimum size is 0.20 lots or 20 ounces.
• Spread on CFD spot XAU/USD is 0.3 pips, whereas on barrier and vanilla options there is a commission of $ 0.10 per contract.
• Trading gold on IG Markets you will not be charged for positions above $100.
• Maximum leverage is 1:20 in Europe, UK, and Australia, 1:200 for international traders.

Visit IG Markets
(76% of retail investor accounts lose money)

3. eToro

• eToro is popular for social trading features in which you can interact with other traders at the same time and keep up to date with live news about gold market.
• Trading gold on eToro is facilitated by CFDs on spot markets, the SDPR gold ETF (GLD) or you can even trade Bitcoin against Gold.
• eToro’s minimum trade size on commodities is $1,000. You can lower this amount to $50 on gold, based on the leverage applied to open the position.
• The spread you can find on XAU/USD is slightly higher than competitors at 0.045 pips.
• Leveraged gold positions are capped to 1:20 for any retail client of eToro.

Visit eToro
(79% 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)

4. Admiral Markets

• Trading gold on MT4 or MT5 you’ll benefit from a cashback program if you meet the broker’s requirements on monthly trading volume.
• Gold trading is available on many CFDs assets such as ETFs and futures.
• Spread on spot XAU/USD is charged from 0.010 pips while leverage on gold depends on your position since it may vary from 1:500 for international traders to 1:20 for traders in the EU, the UK or Australia.
• The minimum contract size with Admiral is 1 oz. For traders who want to trade higher volumes, the maximum is 25oz.

Visit Admirals
76% of retail CFD accounts lose money

5. Forex.com

• Forex.com allows to trading of gold CFDs on Spot and futures markets. Gold and silver trading is not available on MT4.
• The spread on gold starts from 0.025 pips against USD only even though Forex.com currently offer also EUR, GBP, CHF, and AUD.
• The minimum trade size on gold with Forex.com is kept low at 1 ounce.
• Forex.com provides TradingView to improve charting analysis on Gold.

Visit Forex.com
73% of retail CFD accounts lose money

6. AvaTrade

• AvaTrade offers plenty CFDs on gold assets such as spot, options, futures, shares, ETFs and Bitcoin Gold.
• For UK traders, AvaTrade allows spread betting on gold.
• The minimum trade size for spot gold available on AvaTrade is 1 ounce.
• AvaTrade offers fixed spread to trade gold from 0.029 pips, which is reduced to 0.023 pips for professional traders who can avail of a leverage up to 1:200.

Visit Avatrade
(79% of retail CFD accounts lose money)

7. City Index

• Gold trading is made available as CFDs on spot and futures market. City Index enables spread betting on gold for UK traders only.
• Mini-contract gold trading is permitted.
• Spreads on gold start from 0.003 pips but the spread on futures is slightly higher at 0.005 pips.
• Spread betting follows the same fees but lacks mini-contracts on gold.

Visit City Index
75% of retail CFD accounts lose money

8. CMC Markets

• Gold trading is facilitated through CFDs on spot, futures, shares, and ETFs. Spread betting is available for traders in the UK.
• Gold CFDs at CMC Markets are charged with a spread of 0.003 pips.
• Minimum trade size on gold is 0.4 units or 0.0004 lot on MT4 with a maximum of 7500 units or 750 lots on MT4.
• CMC Markets enables the use of guaranteed stop loss on gold orders charging $0.30 USD per unit.

Visit CMC Markets
78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.

9. FBS

• FBS allows trading of spot gold CFDs and gold is also traded against cryptos such as Bitcoin Cash, Bitcoin, Ethereum, Litecoin, and Ripple.
• The spread charged on gold starts from 0.031 pips but depends on the account chosen.
• A lot size on gold is equal to 100 ounces with a minimum size available of 1 ounce.
• Traders in Europe, UK or Australia are limited to leverage on gold up to 1:20 while international traders have a higher ratio at 1:400.

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74-89% of retail CFD accounts lose money

10. Plus500

• Plus500 provides gold CFDs on different assets such as spot, futures, shares, and ETFs via the proprietary platforms. It is known for being a top CFD service.
• The spread you can find on gold starts from a minimum of 0.053 pips.
• With Plus500 you can also trade gold via a call-put option with a higher spread. Calls from 0.094 pips, puts from 0.078 pips.
• Plus500 makes gold trading available from only 1 ounce per contract.

Visit Plus500
(77% of retail CFD accounts lose money)