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6 Best Gold Trading Platforms and Brokers in 2025

25 December 2024

A GTC order remains open either until the trader cancels it or until it fills automatically. Our recommended online brokers allow you to trade with a range of other commodities, which is a great way to diversify your portfolio. When reviewing a gold broker, we pay close attention to the ease of the registration process itself.

We open accounts with each broker, focusing on standard account types and platforms, testing spreads, swap fees, and other costs. The MetaTrader 4 and 5 platforms have advanced features like backtesting, automated trading, and a wide range of order types – but are less user-friendly. Also, check on the availability of a good, broker-designed (proprietary) mobile app.

The commodity allows these institutions to diversify their foreign exchange reserves, and it promotes confidence in a country’s stability. The strength of Indian and Chinese jewellery markets are especially important for gold. In 2022, these countries’ gold jewellery demand stood at 600 tonnes and 571 tonnes respectively, according to the World Gold Council. Thanks to its limited supply, the bright commodity is seen as a store-of-value that retains its purchasing power over time. However, unlike many other raw materials, gold has very limited industrial use. It may be a critical component in electronics and automobiles, but the lion’s share of gold is taken by the jewellery sector, bought by central banks, or used for investment purposes.

Trade gold spot prices

Each platform on this list offers unique advantages and caters to various trading preferences—from gold trading online physical gold enthusiasts to blockchain-driven investors. Unlike many platforms focused on trading futures or ETFs, BullionByPost specializes in providing access to physical gold assets, so it’s a great, reliable choice for long-term investors. The BestBrokers.com team carefully maps the investor protection landscape at each site to ensure traders have a recourse if the brokers collapse financially. We only recommend brokers that offer negative balance protection, funds segregation, and investor compensations. Brokerages that work with tier-1 financial institutions to store their clients’ assets and capital receive extra points. Our team consists of proficient writers, editors, and traders who know what makes a good online brokerage.

  • Multiple live webinars take place weekly, featuring market outlook and trading strategy-themed sessions.
  • The ability to differentiate between the most common order types for commodity trading is vital if you want to become a profitable trader.
  • If you opt to trade gold at a broker authorized by the aforementioned regulatory agencies, you can benefit from various investor protections.
  • Gold holds it’s value around the world, unlike fiat currency which is worth more in some countries than it is in others.
  • The technological challenges involved with gold exploration and production, as well as its limited supply, have helped gold to become a major store of value in modern times.
  • Gold production has declined by around 25% between 2011 and 2019 as companies started to cut down on exploration costs.

Why is gold trading popular?

This resolves one of the hardest issues of buying physical gold – where to keep it securely. Selling your physical gold investments is the only way to earn a profit. Additionally, investing in Gold stocks, ETFs or in digital Gold is one way of avoiding purity concerns. This is because these instruments track the value of Gold on the market so aren’t affected by the purity of individual bullions. Therefore, buying gold stocks may cost you more if you pay commissions.

These locations include Zurich, London, and New York—some of the most secure and globally trusted vault cities. Unlike traditional gold investments, BullionZ allows for easy trading, making it simple to convert digital gold into fiat or other cryptocurrencies whenever needed. Get market insights, broker reviews, and strategy updates straight to your inbox. Good till date (GTD) orders share some similarities with the GTC type. The chief difference is that here you specify the execution date in advance and your order automatically cancels if the broker fails to fill it by the designated time. A good trading site is always cross-compatible, boasting intuitive native and web apps that run effortlessly on a broad range of hand-held devices.

  • I tested FxPro’s Standard Account and recorded competitive gold spreads of 32 pips, while even tighter spreads are available via its Raw Spreads account.
  • BullionZ has ushered in a new era in gold trading—it’s allowed traders and investors to bridge the gap between physical assets and digital ownership.
  • Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange.
  • On the other hand, CFDs can be accessed with even less capital – especially if leverage is used.
  • Unlike futures, these financial contracts provide the right – but not the obligation – to trade a pre-determined quantity of precious metals either on or by a particular date.

Markets Covered

The ability to easily enter three orders at once (your initial, order, profit target and stop loss) is another great feature. Futures trading becomes simple and straightforward with this ultra-intuitive platform. IG was founded in 1974, making it the oldest broker we have reviewed.

We trade with every broker we review

In addition, precious metals are subject to ordinary income tax rates for short-term gains. Despite its reputation as a hedge against inflation, investing in gold comes with financial risk. Although Gold itself can be used to protect wealth during periods of heightened inflation, investing in Gold stocks, ETFs or CFDs is much different.

Without 1-click trading, the order entry process is too slow for such a fast-moving market. If you plan to hold positions over days or longer, check the swap fees, which can be very expensive over time. Forex and CFD brokers typically offer spot gold (XAU/USD), which reflects the live price – the cash market. Some brokers also provide gold against other currencies, such as XAU/GBP, XAU/EUR, and XAU/AUD. Sometimes, you can trade gold against crypto, for example, Bitcoin against gold (BTC/XAU). Choosing a gold trading platform is the foundation for successful and secure investments.

The main advantage of purchasing physical gold and holding it is that you essentially own a metal whose value has withstood the test of time, serving as a sound hedge against inflation. Short-term traders have an assortment of financial instruments they can use to profit from gold market movements, too. They can even allow individuals to make money when bullion prices decline. The good news is that many online brokers offer handy resources for beginners to get the hang of gold trading, too. Interactive courses, research reports, trading guides, and community forums are some of the tools that these companies offer, while many also offer demo accounts. The platform also offers a good selection of analysis tools and features.

Best Trading Tools

When stocks fall, investors often move their funds into bonds and precious metals. Popular examples are the Great Financial Crisis of 2008 and the Covid-19 pandemic in early 2020, where in both cases the stock market fell along with rising prices in gold. IronFX offers trading in a broad range of CFDs, including forex, commodities, indices, stocks, and cryptocurrencies.

Investing in Gold is a popular way to hedge against inflation and protect your portfolio with a stable asset. There are a number of options to choose from and the best one will depend on your individual experience, goals and strategy. Pepperstone offers forex and gold trading with competitive leverage and advanced trading platforms. Their focus on tight spreads and fast execution makes it an excellent choice for trading gold. The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate. 71% of retail client accounts lose money when trading CFDs, with this investment provider.

The Raw Account is suited to professional traders as it is commission-based but has lower spreads. FP Markets also provides an IRESS Account, enabling clients to trade with Direct Market Access (DMA). RoboForex is a Belize-based financial derivatives broker established in 2009. It offers more than 12,000 tradable instruments across different markets and is well-suited for automated trading. RoboForex’s impressive lineup of trading platforms includes its proprietary R StocksTrader and the renowned MetaTrader 4 and MetaTrader 5. While assessing a commodity broker, we inevitably check the quality of the trading software it utilizes.

China is by far the biggest producer of the metal, and in 2022 produced 375 tonnes of the metal, according to the World Gold Council. The best one stands to be eToro because it provides various Gold investment opportunities and it is possible to invest from $10. In contrast to stocks, mutual funds, and peer-to-peer lending, gold investments do not generate passive income. If you’re considering retiring early or hoping to supplement your income with investments, this could be a concern. Verifying your account will require you to upload photos of your ID, driver’s license, or passport.