During economic hardship and market turmoils, investors turn to assets proven to be a hedge against inflation. One of the most effective assets to fight inflation is gold. This precious commodity gained significant value during the 2008 financial crisis, and its price has moved in the opposite direction to the stock market and the US dollar. To potentially benefit from this asset class, investors should opt for the best gold trading brokers.

Throughout this guide, we reviewed potentially the best gold brokers online, highlighting their features, benefits and everything traders need to know to start trading. We also summarized every broker’s features in a table, making it convenient for traders to compare their offerings. Then, we detailed the criteria we used to determine the best brokers and how they may benefit traders.

The 11 Best Gold Trading Brokers in 2022 List

Here’s a quick list of the best gold trading brokers before we deep-dive into each review:

  • Capital.com – Overall Best Gold Trading Broker
  • eToro – Global Gold Trading Platform with Social & Copy Trading
  • XTB –  Metal Trading Platform Offering Low Spreads
  • Axi – Award-Winning Broker Offering Gold Copy Trading
  • Libertex – Gold CFD Broker Requiring Low Deposits
  • Pepperstone – Spread Betting Platform Offering Affordable Fees
  • Avatrade – Renowned Broker with Options, MT4 & MT5
  • Webull – Top-Tier US Broker with No Deposit Minimums
  • IG – Wide Range of Educational Content
  • XM – Regulated Broker Offering a Sign-Up Bonus
  • Tickmill – Gold Platform Providing Various Assets

Your capital is at risk. 78.91% of retail investor accounts lose money when trading CFDs with this provider.

Best Gold Trading Forex Brokers Reviewed

Our comparison of the brokers we found to offer gold trading services led us to discover the best gold broker online.

1. Capital.com – Overall Best Gold Trading Broker

Capital.com logoCapital.com is an ideal platform for beginners and advanced traders. Before embracing live trading, beginners can test out the platform via a demo account to get a feel for the markets. Advanced traders can incorporate tools and strategies in their technical analysis.

Besides enabling gold and silver trading, Capital.com provides access to indices, commodities, cryptocurrencies, stocks, ETFs and forex. Getting started on this platform requires traders to deposit only $20. One way this broker stands out from the rest is that it doesn’t charge deposit and withdrawal fees. It makes money with spreads, and gold traders can expect a 0.18 spread.

The only other fees that traders need to be concerned about are overnight fees. Capital.com implements an overnight charge for commodities on the entire value of the position.

Most traders also use fundamental analysis to determine market direction, so this broker is a great source for the latest market news. Besides offering an economic calendar, Capital.com provides free educational content. Traders need to know how to trade commodities, so they can access guides and a wealth of other information on this platform to start their journeys.

Traders can choose between MetaTrader4, a web trading platform and a mobile app to trade gold on Capital.com.

Number of pairs 138
Max leverage 30:1
Assets offered Commodities, crypto, forex, indices, stocks, ETFs
Spread for EUR/USD From 0.6 pips
Platforms MetaTrader 4, web trading platform, app
Accepts US traders? No

What We Like

  • 138 currency pairs
  • No deposit or withdrawal fees
  • Various trading platforms
  • Offers free educational content

Your capital is at risk. 78.91% of retail investor accounts lose money when trading CFDs with this provider.

2. eToro – Global Gold Trading Platform with Social & Copy Trading

eToro logoOne of the reasons that eToro is possibly the best broker to trade gold with is that it caters to traders of all skill levels. If a trader wants to open a position without being overwhelmed with advanced tools, this platform makes it convenient. However, professional traders can use the platform’s advanced tools to optimize their analysis.

Traders in the US and UK need to deposit only $10 to trade gold on eToro. A 0.5% conversion fee is applicable to funding accounts with currencies other than the US dollar. Traders have numerous funding options such as bank wire, debit/credit card, Paypal, Skrill and Neteller, to name a few. Deposits are free, but withdrawals are charged $5.

eToro charges 45 pips for gold trading. Silver incurs a 5 pip trading spread. Another fee that traders should be cognizant of is the inactivity fee. Traders who are inactive for 12 consecutive months are charged $10 monthly. To avoid the charge, traders should log into their accounts.

Besides offering one of the best forex trading apps, eToro enables CopyTrading. Professional traders on this platform let other users copy their trades. It’s a great way for beginners to learn from the pros and profit from their successful trades. This feature is especially useful for traders lacking technical analysis skills or the time to analyze markets. And the best part of this service is that it’s free.

Number of pairs 49
Max leverage 30:1
Assets offered Indices, ETFs, cryptos, forex, stocks
Spread for EUR/USD From 1 pip
Platforms Online trading platform, app
Accepts US traders? Yes

What We Like

  • 49 currency pairs
  • Enables CopyTrading
  • Numerous payment options
  • Accepts US traders

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

3. XTB – Precious Metal Platform Offering Low Spreads

Many traders consider XTB to be one of the best gold trading brokers. It’s perfect for beginners who want to simplify their trading, but professionals will also appreciate the broad range of assets offered on the platform.

Traders can choose between xStation 5 and xStation mobile. Both of the platforms are easy to use and offer fast execution speeds. XTB’s web trade platform offers advanced tools, and it’s compatible with Chrome, Safari, Firefox and Opera. A desktop app version is also available. Traders can test out the platform on the demo account before going live.

No minimum deposit is required to start trading gold. Some of the payment methods available are debit/credit cards, Paypal and Paysafe. This broker offers 24-hour, 5 days a week gold trading, and spreads for gold start at 0.3. XTB enables traders to magnify their positions by using leverage of 500:1 and also makes transparent rollover visible on the chart.

Another great benefit of using this trading platform is the market analysis provided, and a ton of educational content to help traders position themselves well in the market. For more features and benefits, check out our in-depth XTB review.

Number of pairs 48
Max leverage 500:1
Assets offered Forex, indices, commodities, stock CFDs, ETF CFDs, crypto
Spread for EUR/USD 1 pip
Platforms xStation 5, xStation mobile
Accepts US traders? No

What We Like

  • Free educational content
  • No minimum deposit required
  • High leverage offered
  • Enables OTC

78% of retail investor accounts lose money when trading CFDs with this provider.

4. Axi – Award-Winning Broker Offering Gold Copy Trading

Axi enables traders to access gold, silver, copper and platinum markets. Bullion spot CFDs and metal futures CFDs are available. Trading precious metals on Axi requires a minimum trade size of 0.01 of a standard lot.

Besides receiving fast trade executions, traders open precious metals positions without incurring commissions. Traders can increase their positions by using 30:1 leverage. Axi has simplified gold trading by enabling Copy Trading. Beginners who want to replicate the results of professionals can copy their trades for free.

Axi enables traders to filter their searches and analyze the statistics of professionals whom they want to copy. A deposit of $250 is recommended, but lower balances are accepted. Otherwise, traders can automate trading by installing Expert Advisor on the MT4 platform.

Traders who feel confident about trading gold without copying trades can enhance their strategies by using PsyQuation and AutoChartist. PsyQuation provides performance analytics to help traders reduce mistakes. AutoChartist is great for traders who prefer a tool to scan the market and alert them of specific trade setups.

Whether beginner or advanced, traders can access a wealth of trading education for free. Videos, guides and webinars are available for traders to improve their skills. If that’s not enough, traders can take an in-depth course on trading by joining the Axi academy.

Number of pairs 70+
Max leverage 30:1
Assets offered Forex, indices, commodities, stock CFDs, 
Spread for EUR/USD 1 pip
Platforms MT4, Mac, PC, app, MT4 web trader
Accepts US traders? No

What We Like

  • Enables gold Copy Trading
  • No minimum deposit required
  • Free educational content

81.6% of retail investor accounts lose money when trading CFDs with this provider.

5. Libertex – Metals Platform Requiring Low Deposits

Libertex is one of the forex brokers that trade gold. This broker is available to traders in more than 125 countries and has received multiple awards for outstanding service. One of the things we like about this broker is that it has tailored a free trading course for beginners. Market analysis is also provided for assets to help traders determine gold sentiment.

To trade gold, traders can choose between the app, MetaTrader 4 and MetaTrader 5. Each platform offers unique benefits and advanced tools and strategies, and traders are welcome to test out each platform with a demo account of up to $50,000. Libertex is regarded as one of the best MT5 brokers. because it makes trading convenient for beginners while empowering professionals to enhance their strategies.

Traders can start trading gold on Libertex with only $10. The platform enables account funding by various methods such as bank wires, cards, Paypal and numerous other options. Libertex doesn’t charge deposit fees or swaps for overnight positions. Consecutive inactivity for 6 months incurs a $5 monthly inactivity fee.

Spreads for certain assets start from 0.00, and traders can take advantage of leverage up to 500:1. Besides gold, traders can also use Libertex trading for stocks, crypto, indices, commodities, forex and ETFs.

Number of pairs 51
Max leverage 500:1
Assets offered Forex, indices, commodities, stocks, ETFs, crypto
Spread for EUR/USD 1.1 pip
Platforms MetaTrader 4, MetaTrader 5, app
Accepts US traders? No

What We Like

  • MT4 and MT5
  • High maximum leverage
  • Market analysis and trading content
  • Low spreads

Your capital is at risk. 70.8% of retail investor accounts lose money when trading CFDs with this provider.

6. Pepperstone – Spread Betting Platform Offering Affordable Fees

Pepperstone is ideal for all traders seeking access to commodities, currency indices, shares, indices, cryptocurrencies and forex. But Pepperstone has made a separate platform for professional clients. Some of the perks of opting for the pro account are higher leverage than standard accounts, premium rewards, credit facilities, large trading sizes and a dedicated manager to attend to an investor’s needs.

The great aspect of this platform is that it allows traders to choose between several platforms. Apart from the app, Pepperstone grants traders access to MetaTrader 4, MetaTrader 5 and cTrader. Opening a Razor Account enables traders to connect directly to TradingView. Better spreads are also offered to Razor account clients.

Traders don’t incur commission fees when trading gold, but they can expect an average spread of 0.14 for XAU/USD. The other best pair to trade in forex is EUR/USD, which has a spread starting at 0.6. Pepperstone recommends a minimum balance of AUD $200, which is equivalent to US $136. Traders can fund their accounts with various methods such as cards, bank transfer, BPay, Paypal and Neteller.

One of the benefits of using this platform is that it hosts regular webinars, presented by professionals. All traders can join the webinars for free and also receive news and analysis.

Number of pairs 60+
Max leverage 30:1
Assets offered Commodities, crypto, currency indices, stocks, ETFs, forex, indices
Spread for EUR/USD 0.6 pip
Platforms MetaTrader 4, MetaTrader 5, app, cTrader
Accepts US traders? No

What We Like

  • Offers cTrader, MT4,  MT5
  • Free webinars
  • Low spreads
  • Razor account offers several benefits

81.18% of retail investor accounts lose money when trading CFDs with this provider.

7. Avatrade – Renowned Broker with Options & Social Trading

Risk is a big factor in trading, and the last thing that traders need is to have their funds mismanaged by brokers. That’s the reason it’s important to invest with a regulated broker. Nine financial authorities regulate Avatrade, which shows that this broker is committed to upholding high financial ethical standards.

Avatrade enables traders to choose from several platforms such as MetaTrader 4, MetaTrader 5, AvatradeGO and even web trader. It even provides an automated trading platform. Traders can choose between DupliTrade and ZuluTrade. These features enable beginners to follow professional traders and automatically duplicate their trades.

Besides gold, Avatrade provides precious metal trading for silver, platinum, palladium and copper. Traders can use a leverage of 200:1 and expect an average spread of 0.29 for trading gold on this platform. The minimum deposit required by this platform is $100.

Beginner traders have access to a plethora of trading education. Not only does Avatrade provide market analysis, but it hosts numerous videos and guides about trading and its platform.

Number of pairs 55
Max leverage 200:1
Assets offered Commodities, ETFs, stocks, crypto, forex, indices
Spread for EUR/USD 0.9 pip
Platforms MetaTrader 4, MetaTrader 5, AvatradeGO, web trader
Accepts US traders? No

What We Like

  • Various trading platforms
  • High leverage
  • Free educational content
  • Automated trading

8. Webull – Top-Tier Broker with No Deposit Minimums

webull logoFinding the best broker for gold trading can be challenging, so traders may want to consider Webull. It’s a platform geared more towards traders wanting to include smart tools in their trading. But it’s also suitable for traders who prefer not to have a minimum deposit enforced on them and enjoy taking advantage of fractional ownership in stocks.

To start trading with Webull, traders can choose from several options such as bank wire, debit/credit card, ACH, Paypal, Neteller and other methods to fund their account. The good news for traders not wanting to risk significant amounts of money is that Webull doesn’t have a minimum deposit requirement.

Webull charges spreads on gold trading and enables traders to manage large positions by offering 4x day-trading buying power and 2x overnight buying power. To use margins, traders need to fund their accounts with at least $2,000.

Apart from offering gold trading, Webull provides one of the best stock trading platforms for beginners. Traders also have access to fractional stock ownership, cryptos, indices, over-the-counter (OTC) trading and ETFs. A content database is also available for beginners wanting to learn how to trade and navigate the platform.

Number of pairs 17
Max leverage 4x day, 2x night
Assets offered Forex, cryptos, ETFs, stocks, commodities
Spread for EUR/USD Floating
Platforms Online trading platform and app
Accepts US traders? Yes

What We Like

  • Free educational content
  • No minimum deposit required
  • Offers margin trading
  • Enables OTC

Your capital is at risk.

9. IG – Broker Providing Educational Content

Having lots of options in trading is important for most traders, and that’s exactly what IG offers. Traders can access several markets such as shares, indices, options, futures, cryptocurrencies and forex. But IG also offers platforms such as ProRealTime, DMA trading, MetaTrader 4, algorithmic trading and a mobile app.

Included in the 35 commodity assets offered is gold trading, and traders can expect an average spread of 0.3 on IG.  A minimum deposit isn’t required if an account is funded via bank transfer. But a $300 minimum deposit may apply if funded with a debit/credit card.

Traders can use advanced tools to do their technical analysis and receive live market updates with the in-platform news feed. Beginners who lack conviction in their technical analysis can use trade alerts sent from the platform to enter trades. A library of free educational content is also available.

Number of pairs 80
Max leverage 200:1
Assets offered Forex, shares, indices, commodities, options, futures, forex
Spread for EUR/USD 0.6 pip
Platforms ProRealTime, MetaTrader 4, mobile app
Accepts US traders? Yes

What We Like

  • Offers numerous currency pairs
  • Several trading platforms
  • Algorithmic trading
  • Free trading tutorials

10. XM – Regulated Broker Offering a Sign-Up Bonus

Opening an account with XM enables beginners to claim a $30 bonus. This platform also offers a 50% deposit bonus for up to $500 and a 20% bonus for deposits up to $4,500. Traders can join the XM Loyalty program and receive free VPS services.

The average spread for gold on XM is 0.35. Experienced traders who want to open large trades may qualify for leverage up to 1000:1, and a zero swap is applied to low accounts. To start trading gold on XM, traders need to deposit a minimum of $5.

XM is another broker that offers numerous options not only in asset classes but also platforms. It offers MetaTrader 4 and MetaTrader 5 for PCs and Macs, as well as tablets and smartphones. Trading tools such as forex calculators are also available and a learning center, offering live webinars and seminars.

Number of pairs 55
Max leverage 1000:1
Assets offered Stocks, indices, forex, crypto, commodities, energies
Spread for EUR/USD 1.7 pip
Platforms MetaTrader 4, MetaTrader 5, app
Accepts US traders? No

What We Like

  • Large leverage
  • Low minimum deposit
  • Sign-up bonus
  • Live tutorials

11. Tickmill – Gold Platform Providing Various Assets

Traders looking for a gold low spread broker may want to consider Tickmill. The fees and benefits traders enjoy depends on the account they choose to open. Traders can choose between classic, pro and VIP accounts. The platform also offers an Islamic account and enables traders to test out the platform on a demo account.

Tickmill offers a $30 welcome bonus to start trading forex, crypto, stocks, bonds and precious metal. Before funding accounts, traders should know how to trade gold. Trading gold on Tickmill entails using either an MT4 or MT5 platform and expecting a typical spread of 0.09. That makes Tickmill a broker offering one of the lowest gold spreads on the market.

This platform enables traders to open positions using leverage up to 500:1 with an average execution speed of 0.20 seconds. To enjoy such large positions, traders need to deposit at least $100.

Number of pairs 62
Max leverage 500:1
Assets offered Forex, stocks, bonds, cryptos, indices
Spread for EUR/USD 0.1 pip
Platforms MetaTrader 4, MetaTrader 5, web trader platform
Accepts US traders? No

What We Like

  • Low spreads
  • Offers various accounts
  • Sign-up bonus
  • Educational content

Best Gold Trading Brokers Compared

We provided a table comparison for investors to glean the information of all the brokers we reviewed in a convenient format.

Number of pairs Max leverage Assets Offered Spread for EUR/USD Platforms Acceps US traders? 
Capital.com 138 30:1 Commodities, crypto, forex, indices, stocks, ETFs From 0.6 pips MetaTrader 4, web trading platform, app No
eToro 49 30:1 Indices, ETFs, cryptos, forex, stocks From 1 pip Online trading platform, app Yes
Webull 17 4x day, 2x night Forex, cryptos, ETFs, stocks, commodities Floating Online trading platform and app Yes
XTB 48 500:1 Forex, indices, commodities, stock CFDs, ETF CFDs, crypto 1 pip xStation 5, xStation mobile No
Libertex 51 500:1 Forex, indices, commodities, stocks, ETFs, crypto 1.1 pip MetaTrader 4, MetaTrader 5, app No
Pepperstone 60+ 30:1 Commodities, crypto, currency indices, stocks, ETFs, forex, indices 0.6 pip MetaTrader 4, MetaTrader 5, app, cTrader No
Avatrade 55 200:1 Commodities, ETFs, stocks, crypto, forex, indices 0.9 pip MetaTrader 4, MetaTrader 5, AvatradeGO, web trader No
IG 80 200:1 Forex, shares, indices, commodities, options, futures, forex 0.6 pip ProRealTime, MetaTrader 4, mobile app Yes
XM 55 1000:1 Stocks, indices, forex, crypto, commodities, energies 1.7 pip MetaTrader 4, MetaTrader 5, app No
Tickmill 62 500:1 Forex, stocks, bonds, cryptos, indices 0.1 pip MetaTrader 4, MetaTrader 5, web trader platform No

How we Choose the Best Brokers for Trading Gold

We looked at several features and benefits to determine gold traders that are worth mentioning.

Fees

It’s crucial that brokers offer low fees. No hidden fees are acceptable, and high fees lower profits. But they make losses even worse.

Trading Tools

Beginners need a trading platform that provides simple execution, but it also needs to offer professional traders advanced tools and strategies to embed into the analysis.

Mobile App

Traders on the go expect a broker to offer a trading app that mimics the desktop platform, providing all the key features and is suitable for a mobile screen.

Security

Brokers need to demonstrate that they’re serious about upholding high financial ethical standards. The best way to assure clients their funds are safe is for brokers to be regulated by financial authorities.

Conclusion

Many traders consider Capital.com to be the best gold trading broker because it doesn’t charge deposit and withdrawal fees. And it offers numerous currency pairs at low spreads. On top of that, traders can open large positions thanks to the leverage offered.

Capital.com logo

Your capital is at risk. 78.91% of retail investor accounts lose money when trading CFDs with this provider.

FAQ

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Disclaimer

It is vital to always invest responsibly in awareness of all risks involved. Markets can be extremely volatile, so you should conduct extensive research before investing. Our site provides regular updates and diligently verifies all platforms it recommends, but you should form your own opinion and invest only what you can afford to lose. There is never any guarantee of a return on investment.