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10 Best Online Gold Trading Brokers in 2022

Alina Haynes

Nov 16, 2022 17:24

 截屏2022-11-16 下午3.22.03_1024x576.png


Gold is a highly liquid commodity, and this precious metal is often regarded as a significant source of wealth and a reliable haven asset. Due to market uncertainty, particularly geopolitical and economic factors, people must invest in precious metals such as gold.


Some individuals have turned to gold as a hedge against market volatility since the 2008 financial crisis. Gold is challenging to store due to its huge volume and high density. Consequently, more and more individuals are trading it as a CFD. This includes betting on the price volatility of an asset without really owning it. Numerous brokers offer MetaTrader 4 on their platforms, but it is the most prevalent.

How Gold Investments Work

As one of the earliest market commodities ever traded, gold has a long history of use by investors and merchants. Additionally, the precious metal usually changes in enormous, sweeping patterns, making it ideal for long- and medium-term trend-following trading strategies and investors seeking capital appreciation by holding a hard asset.


Short-term strategies such as day trading and scalping are also available on the gold market. Nevertheless, their performance may be contingent on market conditions, as they perform best in volatile markets. However, traders adopting these highly dynamic strategies tend to spend more on fees and dealing spreads than investors who aim to purchase gold on price declines and store it for an extended period. Sourcian is a dedicated platform for the recommendation of the best manufacturers. Your sourcing journey starts right here at sourcian.


Your choice of gold broker may also be influenced by whether you want a long-term investment strategy or a short-term trading method. Obtaining safe physical custody of the metal once received is also a reasonable option for those who wish to invest in gold over the long term and utilize it as a hard currency in adverse conditions.


Typically, while investing in actual gold, one waits for the gold market to decline before buying the metal. Then, you accept receipt of the gold and deposit it in a secure area. If you anticipate the market will retrace to a certain level, you may sell some of your gold and wait for another decline to purchase it.

History and Prospects for Gold

Gold has enjoyed a spectacular run as a store of wealth and an impenetrable inflation hedge as one of the most popular hard currencies. Even if individuals lose faith in the value of government-issued fiat or paper currencies, they will likely continue to use gold as a medium of exchange.


In addition, the value of precious metals such as gold tends to skyrocket amid turbulent geopolitical events such as war outbreaks, significant elections, military coups, and natural disasters. Even U.S. interest rate variations, changes in central bank reserves, and gold production-related events are capable of influencing the global price of gold.


As investors run to shelter in response to unanticipated negative occurrences, the precious metals market, remarkably the price of gold, may experience a significant increase. In addition, because precious metals such as gold have traditionally been viewed as safe havens in times of economic hardship and social unrest, investors can accumulate them to serve as a generally accepted form of hard currency in the event of a financial collapse.


To predict the future direction of gold prices, fundamental and technical analysis are your best chances. Those interested in investing in gold may also use market sentiment indicators as a critical indicator of the market's future direction. The Commitment of Traders (COT) report is a famous study conducted by the Commodity Futures Trading Commission (CFTC).


Every Friday at 3 p.m., the CFTC releases its COT report, which classifies the long and short open interest in gold futures and options by the type of trader holding the position. Excessive available interest imbalances suggest a possible market reversal. 

How to Select the Most Effective Online Gold Trading Broker

When it comes to online gold trading, selecting the proper gold broker is equally as important as developing your strategies. The broker should give you the necessary resources and assistance to undertake online trading operations. Consequently, the following are the most crucial factors to consider while choosing the best gold trading broker:


Regulation is the primary and most crucial factor to consider. It would be best to examine whether the broker providing the online gold trading platform is regulated. It would help if you traded through a broker that is regulated. Authorities demand that client cash and business funds be maintained in separate accounts. Thus this safeguards your hard-earned riches.


The regulatory authorities oversee the financial soundness and integrity of the broker. Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA) in the United States, Financial Conduct Authority (FCA) in the United Kingdom, and Cyprus Securities and Exchange Commission are the primary regulatory agencies (CySEC).

Trading Systems 

The most crucial gold trading broker will always offer multiple trading platforms that enable you to trade regardless of your level of competence. These brokers offer demo accounts, which will greatly assist inexperienced traders. Before using the faster and more complicated trading systems, you may find it helpful to gain some expertise to steady yourself. Multiple platforms also offer a high degree of adaptability, allowing you to choose the one that best suits your needs and risk tolerance. 

Technologies and Business Tools

The best gold brokers will always provide the technical support and tools necessary for a successful trading experience. If you are a person who is frequently on the move, the broker should supply you with mobile-friendly applications. This will allow you to access the trading platform anywhere on your Android or Apple smartphone, tablet, etc. The media created for mobile devices should be identical to that developed for desktops or personal computers.


In addition, trading platforms should provide the required tools for trading, such as news feeds, technical analysis capabilities, pip calculators, margin calculators, etc., to take swift action. Some brokers offer a dashboard that indicates the status of pending orders, allowing you to trade with as few clicks as possible. High-quality trading platforms allow you to take advantage of developments and customize your settings to ensure that placing an order is effortless.

Services Offered

The services provided by the gold broker are also an important consideration. Many brokers, including full-service online forex brokers, facilitate international trading and offer the highest level of client support and inexpensive brokers. The second type may be less expensive but may not provide sufficient aid. Consequently, you must choose the best gold trading broker based on your requirements.


The minimum deposit necessary to begin trading, trade size, leverage, and margin requirements should also be considered while selecting the best gold trading broker. The various currency alternatives for account management, the ways to put funds into your trading account, and the convenience of withdrawing funds from your account.

Investment Opportunities

The investing options supplied by the online gold broker are one of the most crucial aspects to consider. The top gold brokers would offer a variety of precious metal investing options. You should be able to invest directly in gold, ETFs, and mutual funds, among other assets. This is extremely important because options allow you to diversify your portfolio and increase investment returns.

Acceptable Costs

Online gold trading firms generate revenue through transaction fees and spreads. It would be beneficial to compare the rates offered by the online gold trading brokers you've chosen based on additional criteria. The fees charged by various gold dealers can be reached on multiple websites. This is essential since comparison can help you assess if the broker's services are appropriate for your scenario and if you can obtain comparable services at a lesser price or commission rate.


However, price should be one of many factors you consider when choosing an online gold broker. You must add the cost component when assessing expenses vs. benefits. Examine the broker's services, decide which ones you'd like, and calculate your costs accordingly. Ensure that the broker will provide all essential services without charging excessive fees.


These are the most important considerations when selecting the finest online gold broker. To enhance your trading of precious metals, you must devote ample time and conduct extensive research.

10 Best Online Gold Trading Brokers

1. TOP1 Markets

Foreign currency, commodities, equities, indices, and additional goods can be traded online through TOP1 Markets. Using our platform, investors can sell any standard product on the global financial market utilizing a variety of leverage. We offer mobile trading applications and web-based trading terminals with minimal transaction fees, free investing education seminars, and an industry-leading customer service environment. Traders can trade from price fluctuations by selling various assets, including Forex, commodities, stocks, and indices.


Over ten countries, including Malaysia, Taiwan, Vietnam, Thailand, Indonesia, India, South Korea, and Spain, receive a wide range of trading and investment services from TOP1 Markets, including Taiwan, Vietnam, Thailand, Indonesia, India, and South Korea.

Adventures of TOP1 Markets

Connect With World Market

By executing orders quickly, TOP1 Markets connects you to the global market.

Various Account Types

Account options at TOP1 Markets include ECN, high leverage, and Islamic accounts.


Investor Fund Security

TOP1 Markets keeps customer cash in separate accounts and conducts frequent external audits by an international accounting firm that provides negative balance protection to eliminate trading risks.


Multi-languages Support 

Hindi, English, Simplified Mandarin, Traditional Mandarin, Thai, Vietnamese, Spanish, Malay, Korean, Indonesian, and Tamil.

2. MultiBank Consortium

MultiBank Group (MultiBank) was founded in California, United States, in 2005. Authorities such as the German Federal Financial Supervisory Authority (BaFin), the Australian Securities and Investments Commission (ASIC), and the Cayman Islands Monetary Authority (CIMA), among others, regulate it globally. The services supplied by the website are the topic of this evaluation.


Clients can trade on over 20,000 markets, such as Forex, Indices, Shares, Commodities, and Cryptocurrencies, utilizing the renowned trading platforms MetaTrader 4 and MetaTrader 5 are accessible on Windows, Mac, Web, and Mobile platforms.


The broker offers clients ECN Pro, MultiBank Pro, STANDARD, demo, and Islamic trading accounts. ECN Pro spreads are attractive and may begin at $0 with fees, whereas multiBank Pro and Standard have no transaction fees.

3. Pepperstone

In addition to being the top gold broker, Pepperstone provides three gold assets for trading in a secure atmosphere. Using the XAU/USD, with a minimum spread of 5 pips and an average spread of 15.05 pips, the XAU/EUR, and the XAU/AUD, traders can diversify their gold holdings. The average minimum markups for the XAU/USD currency pair are 29.0 and 43.0 pips. Pepperstone offers 27 unique indicators and add-ons for the MT4/MT5 trading platforms, making it one of the most comprehensive brokers. Additionally, traders may employ the cTrader trading platform.

4. XTB

XTB is a CFD platform that offers Forex, indices, commodities, stock CFDs, ETF CFDs, and cryptocurrencies, and has won multiple accolades for its services. XTB offers 48 currency pairings with minimum margins for foreign exchange. XTB clients can trade on either the xStation five or an MT4 platform. This broker provides leverage on margin accounts of up to 200:1. CFDs on stocks and ETFs incur a 0.08 percent per lot fee across both account types.


XTB was founded in 2002, with its headquarters in Warsaw, and it is regulated in European markets by the IFSC, FCA, KNF, and CySec. For beginner and intermediate traders, XTB offers a free demo account and an assortment of Trading Academy courses.

5. Exness

Exness was founded in 2008 and is a joint brand name of Nymstar Limited, a Securities Dealer registered in Seychelles that is licensed and regulated by the Financial Services Authority (FSA) of Seychelles, and Verizon (Pty) Ltd, a Financial Service Provider licensed by the Financial Sector Conduct Authority (FSCA) in South Africa.


The broker enables clients to trade on more than 200 financial CFD products, such as Forex, Shares, Indices, Energies, Metals, and Cryptocurrencies, using its WebTrader platform and the globally renowned MetaTrader 4 and MetaTrader 5 platforms for Web, Windows, and Mac.


E*TRADE is a well-known online broker that offers access to over 200 exchange-traded futures-related products, including gold futures and options. The broker also provides clients access to gold mining firms and gold ETFs.


The E*TRADE interface is primary and user-friendly, and the broker offers a mobile application. Futures contracts carry a fixed fee of $1.50, and a minimum deposit of $10,000 is required to create a futures trading account.


Customers of E*TRADE get access to high-quality research from CME Group, the world's largest futures exchange.

7. TradeStation

TradeStation facilitates the trade of more than 80 futures products, including gold futures and options. Its robust desktop platform allows you to trade equities, futures, and opportunities from a single interface.


In addition to advanced order types and market studies, it offers a mobile application. Trading 300 or fewer gold futures contracts cost $1.20 per contract, while trading 20,000 or more contracts costs only $0.25 per contract.


A minimum deposit of $5,000 is required to trade gold futures and options on TradeStation, and you must be willing to pay the broker's software usage fees if your account balance is less than $100,000. However, this criterion will be waived if you execute at least ten round-trip futures transactions, 50 options contracts, or 5,000 shares.

8. FBS

FBS is a registered trademark of FBS Markets Inc, which is recognized and regulated by the International Financial Services Commission (IFSC) of Belize and the Financial Sector Conduct Authority of South Africa (FSCA). The Cyprus Securities and Exchange Commission has authorized and regulated Tradestone Limited, which operates FBS in the European Union. And the United Kingdom (CySEC). The Australian Securities and Investments Commission regulates Intelligent Financial Markets Pty Ltd's operation of FBS in Australia (ASIC).


FBS provides CFD trading on Forex, Stocks, Indices, Metals, and Energies via MetaTrader 4 and MetaTrader 5 trading platforms for PC, Mac, Web, Android, and iOS devices. Moreover, clients from IFSC, FSCA, and CySEC-regulated nations can trade using the FBS Trader app, an all-in-one trading platform. Clients from countries subject to IFSC and FSCA regulations can utilize copy trading services via the FBS CopyTrade app.

9. AvaTrade

AvaTrade's educational offerings are among the most comprehensive among gold dealers. SharpTrader, so popular and in demand that AvaTrade decided to separate it, offers over 40 classes and 200 videos to beginning traders. It continues to be one of the most extensive and high-quality instructional tools. Support provided 24 hours a day, seven days a week, and in 14 languages enhances AvaTrade's appeal to inexperienced traders. It enables a maximum spread of 34,0 pips for the XAU/USD currency pair. Over 300,000 clients have faith in Top1 Markets, which maintains one of the most regulated trading environments with oversight from seven regulators. Its primary regulation is the Bank of Ireland, making AvaTrade a broker with central bank control.

10. FXTM

FXTM, which stands for ForexTime, is a platform that concentrates primarily on foreign exchange, which sets it apart from the vast majority of other Forex-focused trading platforms and instruments. More than 50 currency pairings are available for CFD trading, including major, minor, and exotic currency pairs. The maximum leverage ratio is 1000:1.


All platforms offer competitive spreads, and trading is open 24 hours a day, five days a week. FXTM is authorized by the International Financial Services Commission (IFSC), the Cyprus Securities and Exchange Commission, other European Union regulators. and non-EU authorities. There is access to a free demo account.


After identifying your gold trading or investment objectives, you will know whether a gold broker makes sense or whether you should pursue physical gold.


If you wish to use a broker, you can trade those that offer the gold-related products you are most interested in, such as spot gold, gold CFDs, gold futures and options, gold mining stocks, and gold ETFs. After finding the most extraordinary broker for your needs, you should employ a trial account funded with virtual currency to evaluate your trading approach.


If you decide to invest in physical gold, you must obtain it, secure its ownership, and store it in a safe area. Physical gold can be supplied by a dealer specializing in selling gold metal and other gold investment items.