Best Brokers For Trading Gold

Gold has always been a cornerstone in global financial markets. Investors have used it as a hedge against inflation, a safe-haven asset during economic uncertainties, and a medium for speculative trading. As gold trading continues to attract traders globally, choosing the right broker for gold trading remains crucial. 

The broker that a trader chooses can significantly affect their trading experience and profits. In this guide, we are going to explore some of the best gold trading brokers focusing on what makes them stand out. But first, let’s look at the key factors to consider when selecting a gold trading broker.

Factors to Consider When Selecting the Best Gold Trading Brokers

To make our selections for this article, we will consider the following factors:

• Regulation - The regulatory status of a broker is crucial to consider. We will ensure the brokers we select are regulated by reputable financial authorities. This guarantees adherence to strict financial regulations and investor protection standards.
• Spreads and Fees - Low spreads and fees are important in a gold broker because they directly impact a trader’s profitability. Lower spreads and fees mean you can potentially make more profit from your trades, as you'll be paying less to the broker. 
• Trading Platform - The platform offered by the broker should be user-friendly, feature-rich, and reliable for seamless trading. 

• Availability of Trading Instruments - While gold will be our main focus, we will consider brokers that offer other trading instruments to allow gold traders to diversify their portfolios.

Based on the factors discussed above, here are some of the best gold trading brokers.

Please note that the data about spreads is subject to change over time. Therefore, we recommend checking the broker's official websites for the most up-to-date information.

Pepperstone

Pepperstone is a global broker that offers its clients a deep collection of market products, totalling over 1,200 different CFDs. This broker offers gold as a CFD to its trader with some of the lowest spreads in the market. Noteworthy, this broker offers trading of gold against a variety of national currencies including USD, AUD, GBP, EUR, JPY, and CHF, among others. 

When gold is traded against the USD (XAUUSD), it features a minimum spread of 0.05 and an average spread of 0.27. Gold trading is open from Mondays at 1:01 AM to Fridays at 23:55 PM GMT+2. There are daily breaks in gold trading between 11:59 PM to 1:01 AM GMT+2.

Prices and spreads are subject to change. Check your platform for the most up to date data.

Pepperstone provides multiple platforms for trading gold alongside the other assets. These include MetaTrader 4, MetaTrader 5, cTrader, TradingView, and the Pepperstone Trading Platform. The platforms give Pepperstone some of the fastest order execution times in the market, making it one of the best brokers for scalping gold. Aside from gold CFDs, investors can also access CFDs on forex, indices, commodities, cryptocurrencies, and ETFs. This allows investors to diversify their portfolios as they see fit.

Regarding regulations, Pepperstone stands out for holding regulatory licenses from several esteemed authorities. It has regulations by the FCA in the UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, and DFSA in the DIFC, among others.

75.9% of retail CFD accounts lose money

XM.com

XM is another reputable broker that offers gold trading through CFDs. Known for its user-friendly platforms and competitive spreads, XM is a popular choice for both beginners and experienced traders. On another note, XM provides highly competitive spreads for gold trading, ensuring traders can maximise their profitability. 

When trading gold against USD (XAUUSD), the broker offers a minimum spread of 0.27 and an average of 0.37 on the Standard account. The Ultra Low account features even lower spreads with a minimum of 0.16 and an average of 0.2 on XAUUSD. Gold is also available to trade against the Euro. Investors can confirm the trading hours of gold in their Member’s Area.

Prices and spreads are subject to change. Check your platform for the most up to date data.

Alongside gold CFDs, XM.com also provides traders with CFDs on forex, indices, energies, shares, cryptocurrencies, and precious metals. To place orders, traders have two main options for trading platforms. The available trading platforms are MetaTrader 4 and MetaTrader 5.

Further, XM also has a strong regulatory standing. This broker operates under the regulation of the ASIC in Australia, and the CySEC in Cyprus, among others. 

74.12% of retail investor accounts lose money when trading CFDs with this provider.

Exness

Exness is a prominent broker in the gold trading space, known for its competitive pricing and user-friendly trading environment. One of the key advantages of Exness is its variety of account types, each catering to different trading styles and risk tolerances. Gold is available to trade as CFDs against USD on the standard and the standard cent account with an average spread of 1.6 with no commission charged. Conversely, the Pro account offers lower spreads, averaging 1.12 with no commission. 

Meanwhile, the raw spread account delivers average spreads of 0.37, with a commission of $3.5 per side per lot for gold trading. Finally, the zero account provides spreads starting at 0.0 pips, along with a commission of $5.5 per side per lot. Note that gold is only available to trade as a CFD on the Exness trading site. Additionally, it is available to trade against a number of currencies including the USD, EUR, AUD, GBP, and SGD. The trading hours of gold on Exness are from 11:05 PM on Sundays to 9:58 PM on Fridays GMT with daily breaks between 9:58 PM to 11:01 PM GMT. 

Spreads are subject to change. Check your platform for the most up to date data.

Importantly, Exness offers swap-free gold trading across all its accounts. This makes it a great choice for investors who plan to hold their gold positions for an extended period.

In addition to gold, Exnes offers a wide range of other trading instruments. These include CFDs on forex, indices, other commodities, stocks, and cryptocurrencies. The broker also supports multiple trading platforms, including MetaTrader 4, MetaTrader 5, and Exness Trader.

In terms of regulation, Exness operates under the supervision of multiple reputable financial authorities. These include the FCA, the CySEC, the FSCA, the CMA, and the FSA in Seychelles, among others.

Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital.
Please ensure you fully understand the risks involved.

FP Markets

FP Markets is a globally recognised broker known for its competitive pricing and diverse range of trading instruments, including gold CFDs. This broker stands out for offering some of the lowest spreads on gold trading. 

On its standard account, spreads for gold against the US Dollar start at only 0.21 points with no commission charges. In contrast, the raw account offers spreads as low as 0.02 points, with an average spread of 0.07 points. However, the raw account charges a commission of $3 per side per lot. Gold is also available to trade against the EUR, AUD, GBP, and SGD as a CFD with similarly low spreads. The trading hours for gold are 1:00 AM GMT+2 on Mondays to 11:57 PM GMT+2 on Fridays with daily breaks from 11:59 PM to 1:00 AM GMT+2.

Prices and spreads are indicative only. Check your platform for the most up to date data.

To place orders, traders can choose to use MetaTrader 4, MetaTrader 5, TradingView, or cTrader. These platforms not only give traders access to gold CFDs but also CFDs on forex, indices, stocks, commodities, and ETFs. In total, traders have access to over 10,000 different market products. This makes it an excellent choice for traders looking to diversify their portfolios.

Finally, FP Markets is regulated by top-tier authorities, including the ASIC, the CySEC, the FSCA in South Africa, and the CMA in Kenya, among others. With its transparent pricing, versatile platforms, and strong regulatory framework, FP Markets is a good option for gold trading.

72.92% of retail CFD accounts lose money

XTB

XTB is a reputable broker offering gold trading through CFDs. Traders can access gold CFDs with competitive spreads starting at 0.3 points (3.0 pips), ensuring cost-effective trading. There is no commission charged while trading Gold on the XTB trading site. Gold is available for trading on the XTB site against only the USD. Trading in gold is open from Mondays at 12:00 AM to Fridays at 10:00 PM GMT, with daily breaks between 11:00 PM and 12:00 AM GMT.

Spreads are subject to change. Check your platform for the most up to date data.

One of XTB’s standout features is its proprietary platform, xStation 5. It is known for its intuitive interface, advanced charting tools, and fast order execution. Along with gold, XTB allows traders to access CFDs on a wide range of instruments. These include CFDs on forex, commodities, indices, cryptocurrencies, equities, and ETFs. Additionally, traders can buy and sell real stocks and ETFs on the platform.

XTB's regulatory compliance is another reason for its strong reputation. It is regulated by several authorities including the FCA, the KNF in Poland, the CySEC, and the FSC in Belize.

74-76% of retail investor accounts lose money when trading CFDs with this provider.

Tickmill

Tickmill offers traders a reliable environment for trading gold CFDs, alongside other instruments. It is particularly well-regarded for its competitive spreads and high-quality trading platforms. Tickmill allows traders to access gold CFDs with a minimum spread of 0.0 points and typical spreads of 0.09 points. 

Gold is also available to trade against the Euro with similarly competitive spreads. The trading hours for gold CFDs against the US Dollar on Tickmill are from Mondays at 1:02 AM to 11:57 PM on Fridays GMT. In contrast, gold trading against the Euro is open from Mondays at 1:00 AM to Fridays at 11:59 PM GMT.

Spreads are subject to change. Check your platform for the most up to date data.

Tickmill offers robust trading platforms, including MetaTrader 4, MetaTrader 5, TradingView, and its proprietary Tickmill Trader platform. Aside from gold CFDs, this broker also allows investors to access CFDs on forex, stock indices, metals, bonds, other commodities, and cryptocurrencies. This allows investors to diversify their investment portfolios.

Finally, this broker operates under the regulation of several organisations. These include the CySEC, the FCA, the ASIC, and the FSA. This ensures that the broker adheres to strict regulatory standards and provides a secure trading environment for its clients.

72% of retail investor accounts lose money when trading CFDs with this provider.

FBS

FBS is a well-regarded broker offering a versatile platform for gold trading. It is a popular choice for both beginners and experienced traders due to its user-friendly platform and competitive spreads. Traders can access gold as a CFD against currencies such as USD, EUR, AUD, and GBP. 

The typical spread for the XAUUSD pair is 0.32 points and the pair has a minimum spread of 0.2 points. The trading hours for gold on FBS are from 1:00 AM on Mondays to Fridays at 11:55 PM GMT. There are daily breaks from 11:55 PM to 1:00 AM GMT.

Spreads are subject to change. Check your platform for the most up to date data.

FBS supports trading on popular platforms, including MetaTrader 4 and MetaTrader 5, as well as its proprietary FBS Trader app. Beyond gold, FBS provides a wide array of trading instruments. These include CFDs on forex, indices, metals, energies, stocks, and crypto. The minimum deposit to trade gold is $5, aligning with the broker's standard minimum deposit requirement.

Finally, FBS operates under the regulation of several authorities. These include the CySEC, the ASIC, the FSCA and the FSC. While regulations alone are not enough, it's always better to invest with a broker that has supervision from several organisations.

72.68% of retail CFD accounts lose money

Forex.com

Forex.com is a leading broker for trading gold and other financial instruments. This is one of the most heavily regulated brokers in the world. Its parent company, StoneX, holds licenses from the CySEC, the FCA, the ASIC, and the CFTC and NFA in the US. 

While this broker has a presence in the US, it does not offer US clients gold trading. Only traders outside the US can trade gold as a CFD. Here, gold can be traded against the USD (XAUUSD) with a floating spread that depends on market conditions. At the time of writing this, the spreads on this pair were as low as 6.2. The broker also provides a raw spread account for gold trading for traders looking for spreads as low as 0.0 pips and a low commission paid.

Spreads are subject to change. Check your platform for the most up to date data.

The trading hours for gold CFDs on Forex.com are from 10 PM UTC Sunday through 9 PM UTC Friday, with daily breaks from 9 PM to 10 PM UTC daily. In addition to gold, Forex.com offers a diverse range of instruments, including CFDs on forex, stocks, indices, cryptocurrencies, commodities, and other precious metals. To trade these various market products, this broker offers MetaTrader 4, MetaTrader 5, TradingView, and Forex.com Trader.

74-76% of retail investor accounts lose money when trading CFDs with this provider.

HFM

HFM is a renowned broker offering competitive gold trading services. This broker is particularly favoured for its wide range of account types and flexibility, catering to different trading styles and experience levels. HFM offers gold trading as a CFD against the USD (XAUUSD) and the EUR (XAUEUR) with competitive spreads. 

The spread on the XAUUSD pair can be as low as 2.5 points on both the standard and the cent account. In regions where the top-up bonus account is available, spreads for gold start at 2.6 points. Finally, the Zero account offers spreads for the XAUUSD pair starting as low as 0.3 points. The zero account charges a commission of $3 per side per lot alongside spreads. The trading hours for gold on this broker site are from Mondays at 1:05 AM to Fridays at 11:57 PM GMT+2 with daily breaks from 11:57 PM to 1:00 AM.

Spreads are subject to change. Check your platform for the most up to date data.

HFM empowers traders with a choice of three powerful platforms including MetaTrader 4, MetaTrader 5, and the HFM Platform. These platforms provide access to an extensive selection of over 1,000 market instruments, including CFDs on forex, energies, indices, stocks, commodities, bonds, ETFs, and cryptocurrencies.

Finally, HFM operates under stringent regulatory oversight, holding licenses from several financial authorities. These include the CySEC, the FCA, the CMA, and the FSCA.

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

Octa

Octa stands out as another broker offering a seamless trading experience for gold and other financial instruments. Traders can access gold as a CFD against the USD (XAUUSD) with highly competitive floating spreads. The average spread for XAUUSD is around 2.0 points with no commission paid.

Spreads are subject to change. Check your platform for the most up to date data.

Additionally, Octa provides swap-free accounts for traders who hold positions overnight. This makes it an ideal choice for those with longer-term trading strategies. The trading hours for gold on Octa are between 11:00 PM to 10:00 PM UTC Mondays to Fridays. Alongside gold, traders can access a wide range of other instruments. These include shares alongside CFDs on currency pairs, stocks, indices, commodities, and cryptocurrencies. Octa supports the industry-leading MetaTrader 4 and MetaTrader 5 platforms together with its own OctaTrader. These platforms ensure a smooth trading experience with fast order execution.

In terms of regulation, Octa is licensed and supervised by multiple authorities. These include the FSCA in South Africa and MISA in Mwali, among others. While Octa accepts traders from most countries around the world, they do not accept retail clients from the UK and EEA countries, among others.

Remember that forex and CFDs available at Octa are leveraged products and can result in the loss of your entire capital.
Please ensure you fully understand the risks involved.

Final Comments

Choosing the right gold trading broker is a crucial step for any gold trader. The best gold trading brokers combine competitive spreads, robust platforms, diverse instruments, and strong regulatory oversight. The brokers we featured here each offer unique advantages tailored to different trading styles and goals. Nonetheless, this is not an exhaustive list. 

There are many other gold trading brokers that we did not feature here. Moreover, there may be factors that we may not have considered in this comprehensive guide. As such, we always encourage readers to do their own research before making any investment decisions. Ultimately, the best broker for gold trading comes down to individual needs and preferences.