List of online Gold Brokers
The following is a list of online brokers that allows trading with gold. In this case, these are brokers that offer the possibility of speculating with the price of spot gold, mainly through CFD (Contracts For Difference), which are leveraged derivatives. In some cases, the trader can also trade with gold futures through CFD. In these brokers, the trader speculates with gold as if it were another currency pair of the Forex market, mainly against the US dollar (XAU/USD) and in some cases against the euro (XAU/EUR) and other currencies.
As with any trade with currency pairs (Forex), transactions with gold in these brokers are based on margin and leverage, using spot gold as the underlying market. However, it is important to make the following clarifications:
- The operations with spot gold in these brokers are purely speculative. There is no physical delivery of the gold at any time. Therefore there is no storage or costs related to gold storage.
- Since there is no physical delivery of gold, the transactions are settled in cash, so that the gains/losses derived from the variations in the price of gold are reflected in the trading account in the base currency of the account (EUR, USD, GBP, etc.)
- Because the transactions with gold in these brokers are purely speculative and there is no delivery of physical gold, they are not a form of direct investment in this commodity.
Therefore, in these gold brokers the trader IS NOT INVESTING IN PHYSICAL GOLD, since at no time he is buying or selling physical gold directly, but speculating with the price of this commodity in the spot market. You only receive the profit/loss derived from the variation in the price.
To invest directly in physical gold, the investor must buy it with a company or entity that sells bullion, such as Bullionvault, which also usually offer storage services.
In addition, the following list of brokers does not include companies that allow trading with more known gold derivatives such as Futures contracts and options. To trade with these derivatives, the trader must operate directly on the exchanges that offer them, such as the COMEX of CME Group, for example, or through a company that offers access to these markets.
| Broker | Regulation | Broker Type | Trading Instruments | Trading conditions | Minimum Deposit | Broker Review |
|---|---|---|---|---|---|---|
XM | CySEC | Market Maker/STP/NDD | -Forex -Commodities -CFD | Spreads: From 0.2 pips Leverage: 1:888 | $5 | Review |
XTB | FCA | NDD/STP | -Forex -Commodities -CFD | Spreads: From 0.2 pips Leverage: 1:200 | $250 | Review |
RoboForex | CySEC | ECN/STP | -Forex -Commodities -CFD | Spreads: From 0.5 pips Leverage: 1:1000 | $10 | Review |
Axi | ASIC and FCA | ECN/STP | -Forex -Commodities -CFD | Spreads: From 0.0 pips Leverage: 1:500 | $10 | Review |
BlackBull Markets | FSRP | ECN/STP | -Forex -Commodities -CFD | Spreads: From 0.2 pips Leverage: 1:500 | $200 | Review |
ICMarkets | ASIC | ECN/STP | -Forex -Commodities -CFD | Spreads: From 0.1 pips Leverage: 1:500 | $200 | Review |
Pepperstone | ASIC | ECN/STP | -Forex -Commodities -CFD | Spreads: From 0.1 pips Leverage: 1:500 | $200 | Review |
ForexTime | CySEC IFSC | Market Maker/ECN | -Forex -Commodities -CFD | Spreads: From 0.1 pips Leverage: 1:1000 | $5 | Review |
FPMarkets | ASIC | ECN/STP | -Forex -Commodities -CFD -Stocks | Spreads: From 0.0 pips Leverage: 1:500 | $200 | Review |
ThinkMarkets | ASIC and FCA | ECN/STP | -Forex -Commodities -CFD | Spreads: From 0.5 pips Leverage: 1:500 | $200 | Review |
Avatrade | Bank of Ireland, ASIC and other | Market Maker | -Forex -Commodities -CFD | Spreads: From 1.0 pips Leverage: 1:500 | $100 | Review |
Admiral Markets | CySEC ASIC FCA | Market Maker/ECN | CFD on: -Forex -Commodities -Stocks -Indices -Crypto | Spreads: From 0.0 pips Leverage: 1:30 | $1 | Review |
FXPrimus | CySEC | NDD/STP | -Forex -Commodities -CFD | Spreads: From 0.5 pips Leverage: 1:500 | $200 | Review |
HotForex | - | ECN/STP | -Forex -Commodities -CFD | Spreads: From 0.2 pips Leverage: 1:1000 | $5 | Review |
FXOpen | FCA ASIC | ECN/STP | -Forex -Commodities -CFD | Spreads: From 0.5 pips Leverage: 1:500 | $1 | Review |
Markets4you | - | NDD/STP | -Forex -Commodities -CFD | Spreads: From 0.5 pips Leverage: 1:500 | $10 | Review |
HYCM | FCA CySEC | Market Maker | -Forex -Commodities -CFD | Spreads: From 2.0 pips Leverage: 1:200 | $250 | Review |
FBS | CySEC IFSC | ECN/STP | -Forex -Commodities -CFD | Spreads: From 0.5 pips Leverage: 1:1000 | $1 | Review |
EasyMarkets | CySEC ASIC | Market Maker | -Forex -Commodities -CFD -Forex options | Spreads: From 1.0 pips Leverage: 1:400 | $250 | Review |
Alvexo | CySEC | Market Maker | -Forex -Commodities -CFD | Spreads: From 1.0 pips Leverage: 1:200 | $500 | Review |
What are the best brokers to invest in gold?
Investing in gold is available to any retail investor today, thanks to the fact that most online brokers offer the possibility of trading with this precious metal.
Gold is an asset that is not affected by inflation, and it is exempt from political uncertainties. Many investors allocate their capital to gold when “blood runs through financial markets”, that is when the situation is critical. In this way, gold is considered the safe-haven asset par excellence.
However, it is an asset that can offer good returns through trading. It enjoys great liquidity and this contributes to its movements being consistent, establishing lasting trends. It usually has a strong correlation with certain currencies and other series of assets and thanks to this, its oscillations can be analyzed without great difficulty (relatively): there are many very good indicators that facilitate the analysis of gold (for example, stock markets, the situation of the United States dollar, etc.).
There are other options to invest in gold, rather than the physical purchase of gold. Through the CFDs or contracts for difference offered by most online brokers, you can invest in gold and get benefits from the price swings in a very agile way, both in bullish and bearish movements, start with small amounts of money and maximize the profits thanks to leverage. Thanks to CFDs it is possible to invest in gold in the short term (even in intraday time frames), buying or selling according to our valuation of the price behavior. Gold supports all types of trading strategies.
After having tested and analyzed numerous online gold brokers, the ones you can see in the table above are the ones we consider the best brokers to invest in gold.