| Updated: November 5, 2025Our team of expert traders have tested several regulated and trustworthy gold trading brokers and compiled a top list of the best. Each gold broker received a quality score based on several factors, including Trustpilot rating, regulation, fees and commissions, available trading platforms, customer service and more. The CFD brokers below facilitate spot gold (XAU/USD) trading with competitive spreads and fast trade execution. Gold (XAU) is traded against the US dollar (USD), and its price represents the cost of one ounce of gold in USD.
Plus500 USThis content applies only to Plus500 US and clients from the United States. Trading futures involves the risk of loss.- eToro61% of retail investor accounts lose money
- Fusion Markets74-89% of retail's CFD accounts lose money
- FP Markets73.85% of retail investor accounts lose money
- Global Prime74-89% of retail CFD accounts lose money
- Pepperstone75.5% of retail investor accounts lose money
Top 10 gold trading brokers
Gold is a highly tradable precious metal, acting as both a monetary proxy and the oldest form of currency. Gold trading offers vast investment opportunities and high liquidity but, because of its unpredictable nature, traders need a thorough understanding of the commodity. Although gold is now appearing in the portfolios of more and more brokers, traders must examine the available ways to trade it and the associated conditions before opening an account. When choosing a gold broker, traders should be confident that they are dealing with a reputable firm that provides an account type suited to their trading needs and requirements.
TRADE NOWREAD REVIEWPlatformscTrader, DupliTrade, Fusion+ Copy Trading, MetaFX, MetaTrader 4, MetaTrader 5, TradingViewMin Deposit$0Fees- No deposit fees
- No minimum account size
Deposit Methods
Commissions$2,25 per lot commissionSpreadEUR/USD: AVG 0.93 pips, GBP/USD: AVG 1 pips, USDJPY: AVG 1.7 pipsWithdrawal Methods Leverage EUN/ALeverage non-EU1:500 (ASIC | Pro Account), 1:30 (ASIC | Retail Account), 1:500 (VFSC | Retail Account)InstrumentsCommodities CFDs, Crypto CFDs, Forex CFDs, Indices CFDs, Metals CFDs, Stock CFDsGleneagle Asset Management Limited (ABN 29 103 162 278) trading as Fusion Markets, is the issuer of the Fusion Markets Products described in this communication. Trading in Fusion Markets Products involves the potential for profit as well as the risk of loss which may vastly exceed the amount of your initial deposit and is not suitable for all investors. You should read all of these Financial Product Service Terms, the Product Disclosure Statement (PDS) and the Financial Services Guide (available on our website) carefully, consider your own financial situation, needs and objectives for investing in these Fusion Markets Products and obtain independent financial advice.Fusion Markets is a broker dedicated to providing access to the world’s markets in a faster, easier, and less expensive way. Founded in 2017 as an Australia-first broker, it now offers its users more than 250 financial products. Fusion Markets provides a broad selection of trading instruments to choose from, such as precious metals (including gold), cryptocurrencies, equity indices, and energy CFDs, among others.
Fusion Markets is a broker Australian traders can fully rely on, as it is regulated by the Vanuatu Financial Services Commission and the Australian Securities and Investments Commission. Guided by a customer-first approach, the broker believes its users should have the freedom to start trading gold – or any other instrument they prefer – with as little capital as they like. As a result, there is no minimum account size.
Fusion Markets states that it offers low-cost trading for everyone, regardless of time or location. To deliver on this promise, the broker has introduced dedicated apps that users can download from the App Store or Google Play.
Fusion Markets has also waived the fees on all deposits and withdrawals, including those executed through Neteller, PayPal, Visa, Mastercard, and Skrill. In addition, traders can choose from several other payment processors, such as Jeton, AstroPay, bank transfers, Perfect Money, and eZeeWallet, among others.
Live account holders will find it easy to navigate the platform and the markets because they receive assistance from excellent customer support, which provides swift and helpful responses to all queries.
- TRADE NOWREAD REVIEWRegulatorsCFTC (United States, # 0509630), DFSA (United Arab Emirates, # F001780), FCA (United Kingdom, # 944492), FFAJ (Japan), FINMA (Switzerland, # IG Bank S.A.), FMA (New Zealand, # 684191), FSCA (South Africa, # 41393), JFSA (Japan, # 9010401051715), MAS (Singapore, # 1489), ASIC (Australia, # 515106), BaFin (Germany, # 148759), BMA (Bermuda, # 54814)PlatformsL2 Dealer, MetaTrader 4, Proprietary Web, ProRealTime, TradingView2. IGMin Deposit$50Fees
- $18 account inactivity fee
- No deposit and withdrawal fees
Deposit Methods CommissionsCFD accounts have no commissionsSpreadEUR/USD: AVG 1.13 pips, EUR/USD: MIN 0.6 pips, GBP/USD: AVG 2.38 pips, GBP/USD: MIN 0.9 pips, USDJPY: AVG 1.8 pips, USDJPY: MIN 0.7 pipsWithdrawal Methods Leverage EU1:222 (BaFin | Pro Account), 1:30 (BaFin | Retail Account), 1:30 (FCA | Retail Account)Leverage non-EU1:30 (ASIC | Retail Account), 1:200 (BMA | Retail Account)InstrumentsBond Futures, Bond Options, Bond Spread Betting, Bonds CFDs, Commodities CFDs, Commodity Futures, Commodity Options, Commodity Spread Betting, Crypto CFDs, Crypto Options, Crypto Spread Betting, Currency Futures, Energy CFDs, Energy Futures, Energy Options, Energy Spread Betting, ETF CFDs, ETF Options, ETF Spread Betting, Forex CFDs, Forex Options, Forex Spread Betting, Index Futures, Index Options, Index Spread Betting, Indices CFDs, Interest Rate Futures, Metal Futures, Metal Options, Metals CFDs, Metals Spread Betting, Share CFDs, Stock CFDs, Stock Options, Stock Spread Betting, US Stock CFDs, US Stock Options, US Stock Spread BettingSpread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Options and turbo warrants are complex financial instruments and your capital is at risk. Losses may be extremely rapid.Established in 1974, IG is now at the forefront of the online trading industry. Initially, the broker focused exclusively on spread betting, but over the years it shifted its focus and now also offers barrier and vanilla options, CFDs, and Turbo24 trading. IG provides its users with a number of tools, such as trading signals and alerts, and offers a choice of several advanced trading platforms, including MT4.
The technology IG employs and the services it offers have received industry recognition multiple times, and the broker’s numerous awards prove this beyond doubt.
IG provides users with lightning-fast, flexible access to more than 17,000 financial markets, including shares, cryptocurrencies, indices, IPOs, and commodities such as gold, silver, and copper, among others. Opening an IG account is free and takes only a few minutes, and traders can choose between a demo or a live account.
IG places a premium on the security of its clients and their funds, and traders can be fully confident in the broker’s trustworthiness because it is regulated by the Deutsche Bundesbank, BaFin, and the FCA. The broker’s customer service also meets industry standards, and traders benefit from around-the-clock support via email, live chat, and phone.
- TRADE NOWREAD REVIEWRegulatorsCONSOB (Italy, # 211), FCA (United Kingdom, # 434413), SCB (Bahamas, # 199667 B), CMVM (Portugal, # 433), FSCM (Mauritius, # GB24203277), CVM (Brazil, # 43050.917/0001-03)PlatformsMetaTrader 4, MetaTrader 5, Proprietary Web, TradingView3. ActivTradesMin Deposit$0Fees
- 0.5% on deposits (EU/EEA cards)
- 1.5% on deposits (non EU/EEA cards)
- $12.50 for bank transfer withdrawals in USD
- £9 for bank transfers in GBP (SCB and FSC entities only)
- A $10 inactivity fee after 50 weeks
Deposit Methods CommissionsNo commissionSpreadEUR/USD: AVG 0.5 pips, GBP/USD: AVG 0.8 pips, USDJPY: AVG 0.5 pipsWithdrawal Methods Leverage EU1:20 for GoldLeverage non-EU1:400 (CMVM | Pro Account), 1:30 (CMVM | Retail Account), 1:1000 (FSC), 1:200 (SCB)InstrumentsBonds CFDs, Commodities CFDs, Crypto CFDs, ETF CFDs, Forex CFDs, Indices CFDs, Share CFDsCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.ActivTrades is an award-winning broker delivering seamless trading services on more than 1,100 symbols, including 20+ commodity markets. Savvy customers can protect themselves against potential market drawdowns by trading gold versus the dollar with zero commissions and average spreads of 0.25 points. The flexible position sizes, ranging from 0.01 to 50 lots, accommodate gold traders of all experience levels.
Clients who incorporate commodities into their diversification strategies can enrich their portfolios by speculating on the price movements of natural gas, crude oil, silver, copper, wheat, and more. The broker offers commodity CFDs based on spot and futures prices. All customers are eligible for negative balance protection and investor compensation, regardless of client categorization.
ActivTrades provides generous leverage ratios of up to 1:1000 for XAU/USD under its Mauritius entity and 1:200 for customers of the Bahamas-regulated division. Retail clients from the UK and Europe are limited to considerably lower ratios of 1:20. Traders can choose from MT5, MT4, TradingView, and the eponymous proprietary web platform. Minimum deposits start at $0 across all retail account types, including the standard and swap-free options. Novices can practice gold trading via free demo accounts, which expire after 30 days, with the option to open new ones afterward.
- TRADE NOWREAD REVIEWRegulatorsCIRO (Canada), CySEC (Cyprus, # 347/17), FRSA (United Arab Emirates, # 190018), FFAJ (Japan, # 1574), FSCA (South Africa, # 45984), FSRA (Canada, # 190018), ISA (Israel, # 514666577), JFSA (Japan, # 1662), ASIC (Australia, # 406684), BVIFSC (Virgin Islands, British, # SIBA/L/13/1049), CBI (Ireland, # C53877)PlatformsAvaOptions, DupliTrade, AvaSocial, MetaTrader 4, MetaTrader 5, AvaTadeGO, Proprietary Web, ZuluTrade4. AvaTradeMin Deposit$100Fees
- Inactivity fee $/£/€50
- Administration fee $/£/€100
- Deposits and withdrawals are fee-free
Deposit Methods CommissionsZero commissionSpreadEUR/USD: AVG 0.8 pips, GBP/USD: AVG 1.2 pips, USDJPY: AVG 1.3 pipsWithdrawal Methods Leverage EU1:20Leverage non-EU1:400 (Pro Account), 1:30 (Standard Account)InstrumentsBonds CFDs, Commodities CFDs, Crypto CFDs, Crypto Options, Energy CFDs, ETF CFDs, Forex CFDs, Forex Options, Index Options, Indices CFDs, Metals CFDs, Share CFDs, Stock CFDs, Stock Options, US Stock OptionsCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.AvaTrade has been a pioneer in the online trading world since 2006, and today it is the go-to platform for traders interested in precious metals, including gold. Integrity is more than a buzzword for the broker, and AvaTrade is subject to stringent compliance requirements across six continents.
A customer-first approach guides this award-winning broker. It is hardly a coincidence that AvaTrade executes well over two million trades per month and has more than 400,000 registered users across multiple jurisdictions. AvaTrade is committed to creating an environment for every trader, including those who want to engage in gold trading at any time or place through the innovative AvaTradeGO app.
AvaTrade’s scope is indeed broad, and along with gold and other commodities, the platform is also friendly to forex traders and to those interested in trading stocks, cryptocurrencies, and indices. To get started, traders are required to deposit at least $/£/€100 into their accounts, and they can do so via wire transfer, e-wallet, credit card, or debit card. Withdrawals are processed quickly, with funds released within two days.
The broker offers a 24-hour multilingual help desk, and if you have any questions, you can reach support via live chat, phone, or the contact form.
- TRADE NOWREAD REVIEWRegulatorsCySEC (Cyprus, # 079/07), FSAS (Seychelles, # SD056), FSCA (South Africa, # 54018), ASIC (Australia, # 246566), BVIFSC (Virgin Islands, British, # SIBA/L/20/1135)PlatformsMetaTrader 4, MetaTrader 5, Proprietary Mobile, Proprietary Web, TradingView5. easyMarketsMin Deposit$25 ($2,000 for MT4 Premium, $10,000 for MT4 VIP)FeesNo account feesDeposit Methods CommissionsNo commissionSpreadEUR/USD: MIN 0.8 pips, EUR/USD: AVG 0.7 pips, GBP/USD: MIN 1.4 pips, GBP/USD: AVG 0.9 pips, USDJPY: MIN 1.5 pips, USDJPY: AVG 2 pipsWithdrawal Methods Leverage EU1:500 (CySEC | Pro Account), 1:30 (CySEC | Retail Account)Leverage non-EU1:500 (ASIC | Pro Account), 1:30 (ASIC | Retail Account), 1:2000 (FSAS | Retail Account)InstrumentsCommodities CFDs, Crypto CFDs, Forex CFDs, Forex Forwards, Forex Options, Indices CFDs, Metal Options, Metals CFDs, Share CFDsTrade Responsibly: CFDs and Options are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Options work and whether you can afford to take the high risk of losing your money. Please refer to our full Risk Disclaimer. Easy Forex Trading Ltd (CySEC – License Number 079/07).
Founded in 2001, easyMarkets is one of the brokers that have gained significant traction among traders who primarily focus on gold. The award-winning broker has significantly expanded its operations since then, and although the platform initially focused solely on Forex trading, today it offers contracts for precious metals, commodities, cryptocurrencies, indices, and shares.
Traders can benefit from a number of unique features that work to their advantage when trading gold, including easyTrade, dealCancellation, Freeze Rate, and vanilla options. easyTrade makes it possible to trade with unlimited potential and limited risk and requires no margin. Freeze Rate allows traders to lock in the prices they see, while dealCancellation lets them undo losing trades.
While trading gold, you can have full confidence that the broker is reliable and secure, as easyMarkets is fully compliant with ESMA regulations. In addition, the broker is regulated by CySEC.
The easyMarkets apps further enhance your trading experience and can be used on iOS and Android devices. The intuitive and innovative apps allow you to trade gold anytime, anywhere, and access all features available to desktop users. The apps enable traders to monitor their accounts in real time, place pending orders, open and close positions, make deposits and withdrawals, and take advantage of analytical tools such as charts and technical indicators.
- 6. AdmiralsMin Deposit$/£/€100FeesNo monthly maintenance feesCommissionsThe commission on metals and CFD currency pairs depends on the monthly volume of the account holdersSpreadTypical spread 0.25Leverage EU1:20Leverage non-EU1:500CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Admirals allows its users to invest in more than 8,000 markets. Some of the instruments available include cryptocurrencies, commodities, shares, and ETFs. Since its founding in 2001, Admirals has significantly expanded its presence on the trading scene, and today it has regulatory authorization to offer its services in several jurisdictions.
One reason traders might choose Admirals for trading gold is that it is a tightly regulated broker licensed by several of the world’s top regulators, including the Financial Conduct Authority, the Cyprus Securities and Exchange Commission, the Estonian Financial Supervision Authority, and the Jordan Securities Commission, and it also holds an Australian Financial Services Licence.
Traders will enjoy an enhanced experience while trading gold or any other instrument, as Admirals has introduced several tools, such as StereoTrader, a Virtual Private Server (VPS) service, and Parallels for Mac, among others.
Admirals users can set up their accounts in a variety of currencies, including EUR, GBP, USD, CHF, BGN, CZK, HRK, HUF, PLN, and RON. Traders can choose from several payment methods when they need to fund their accounts for gold trading, including bank transfers, Visa, Mastercard, Klarna, and Skrill. Bank transfers may be preferred because they are fee-free and have no minimum or maximum limits on the amount that can be deposited or withdrawn.
Admirals keeps its users covered when they need assistance, and support is available in 16 languages via phone, email, and live chat.
- TRADE NOWREAD REVIEWRegulatorsCFTC (United States, # 0516820), CySEC (Cyprus, # 120/10), DFSA (United Arab Emirates, # F003484), FSCA (South Africa, # 49976), IFSC (Belize, # 000261/27), FSCM (Mauritius, # GB23202700)PlatformsMetaTrader 4, MetaTrader 4 MultiTerminal, MetaTrader 5, Proprietary Mobile, Proprietary Web7. XM GroupMin Deposit$5FeesNo feesDeposit Methods CommissionsOnly XM Zero accounts have a commissionSpreadEUR/USD: AVG 1.2 pips, GBP/USD: AVG 1.5 pips, USDJPY: AVG 1.4 pipsWithdrawal Methods Leverage EU1:30 (CySEC | Retail Account)Leverage non-EU1:1000 (IFSC | Retail Account)InstrumentsBonds CFDs, Commodities CFDs, Crypto CFDs, Energy CFDs, ETF CFDs, Forex CFDs, Forex Options, Index Options, Indices CFDs, Metals CFDs, Share CFDs, Stock CFDs, Stock Options, US Stock OptionsCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure.
XM is a licensed, fully regulated broker that adheres to enhanced regulatory standards and operates under licenses granted by CySEC, ASIC, FSC, and DFSA. It is a globally renowned broker with more than 5 million customers across 190 countries. Established in 2009, XM has grown into a large, fully fledged international investment firm that prides itself on offering more than 16 full-featured trading platforms.
It is easy to see why more and more traders choose XM, as the broker offers a wide range of trading instruments. Depending on their preferences, XM’s users can trade forex as well as CFDs on metals (including gold), indices, stocks, energies, and other commodities, all without having to create multiple accounts.
XM supports two types of accounts: Ultra Low and Zero. The first is ideally suited to high-volume traders who want to reduce their trading costs. The second also allows traders to keep their expenses under control, offering fixed commissions and spreads as low as zero.
Obviously, XM is committed to offering ease and convenience every step of the way. Creating an account takes no time at all, and the same is true for managing it, trading, funding it, and withdrawing your money.
Thanks to the new XM apps, you can take your trading on the go, whether your device runs iOS or Android. After you download and install the app from the App Store or Google Play, you can trade gold, benefit from instant order execution, use more than 90 trading indicators, and make the most of market analysis, news, and research.
- TRADE NOWREAD REVIEWRegulatorsCNMV (Spain, # 40), CySEC (Cyprus, # 169/12), DFSA (United Arab Emirates, # F006316), FCA (United Kingdom, # 522157), FSCA (South Africa, # 49970), FSAN (Norway, # FT00118162), IFSC (Belize, # 000302/11), KNF (Poland), BaFin (Germany)PlatformsxStation 58. XTBMin Deposit$250Fees
- €10 inactivity fee
- No fees for deposits; Withdrawals above $50 are free
Deposit Methods CommissionsNo commission for standard account types; a commission is charged on pro account types and when executing Equity CFD and ETF tradesSpreadEUR/USD: AVG 0.9 pips, GBP/USD: AVG 2.2 pips, USDJPY: AVG 1.4 pipsWithdrawal Methods Leverage EU1:200 (CySEC | Pro Account), 1:30 (CySEC | Retail Account), 1:30 (FCA | Retail Account)Leverage non-EU1:500 (IFSC | Retail Account)InstrumentsCommodities CFDs, Crypto CFDs, Energy CFDs, ETF CFDs, Forex CFDs, Indices CFDs, Metals CFDs, Share CFDs, Stock CFDs, US Stock CFDsCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.XTB is an exchange-listed Forex and CFD broker with more than 15 years of experience. It provides access to over 6,100 financial markets, such as commodities, shares, indices, cryptocurrencies, stock CFDs, and ETF CFDs, among others. Traders can choose from more than 25 commodity markets featuring tight spreads, low swaps, and the option of micro-lot trading. XTB strives to offer its customers a premium trading experience, and the innovative, award-winning xStation 5 platform on which the broker relies is suitable for both seasoned traders and complete novices alike.
XTB users can hold all the world’s financial markets in the palm of their hands thanks to the xStation mobile app. It offers a choice between dark and light modes, allows traders to manage risk before placing a trade – either via the built-in trading calculator or directly from the chart – and provides instant access to market sentiment. The web-based trading platform should not be overlooked either, as it delivers a range of advanced tools that experienced traders are sure to appreciate.
Client satisfaction is at the center of the broker’s focus, and XTB’s simple and intuitive design ensures that traders can manage their investments with ease and in no time.
Traders need not worry about the broker’s trustworthiness or reliability, as XTB is licensed and regulated by some of the world’s most stringent regulatory authorities, including the KNF, the FCA, and CySEC.
- 9. CMC MarketsMin Deposit$0FeesNo fees for deposits and withdrawalsDeposit Methods Commissions
- 2% per share for US shares
- For non-US shares, the commission is a percentage of the value of the order
- Minimum commission charge $10
SpreadEUR/USD: MIN 0.5 pips, EUR/USD: AVG 0.6 pips, GBP/USD: MIN 0.9 pips, GBP/USD: AVG 1.1 pips, USDJPY: MIN 0.7 pips, USDJPY: AVG 1.3 pipsWithdrawal Methods Leverage EU1:500 (FCA | Pro Account), 1:30 (BaFin | Retail Account), 1:30 (FCA | Retail Account)Leverage non-EU1:500 (ASIC | Pro Account), 1:30 (ASIC | Retail Account), 1:20 (MAS | Retail Account)InstrumentsCommodities CFDs, Crypto CFDs, Energy CFDs, ETF CFDs, Forex CFDs, Indices CFDs, Metals CFDs, Share CFDs, Stock CFDs, US Stock CFDsSpread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.CMC Markets is a UK-based financial company that is favored for its reliability and the wide variety of instruments it offers. The broker offers a comprehensive package for seasoned traders and novices alike. Depending on the type of account they open, traders can benefit from fast and automated execution, competitive spreads, advanced risk management, tax-free spread betting options, sophisticated trading tools, and no minimum deposit, among other advantages.
Accessing the platform, managing your account, analyzing the markets, and trading are possible anytime, anywhere, and on any device. The web and mobile apps are powerful enough to guarantee a premium-quality trading experience, and no matter which device traders use, they will have access to the full range of tools. The award-winning trading apps give you access to more than 11,000 markets, allow you to open, modify, and close trades while you are on the go, and send you notifications to ensure that you do not miss any events.
CMC Markets is celebrated for its next-generation platform technology and personal client service, which allow you to trade the way you want. The broker offers spread betting and CFDs, and its users can trade indices, shares, commodities, and cryptocurrencies. Naturally, gold is also among the instruments CMC Markets offers.
Traders can be confident that the broker’s market practices are fair because CMC Markets is regulated by the Financial Conduct Authority (FCA) and the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). In addition, CMC Markets is listed on the London Stock Exchange.
- Min Deposit$100FeesNo deposit and withdrawal feesDeposit Methods Commissions
- No commission for standard accounts
- $7 for direct accounts
SpreadEUR/USD: AVG 0.2 pips, GBP/USD: AVG 0.2 pips, USDJPY: AVG 0.5 pipsWithdrawal Methods Leverage EUN/ALeverage non-EU1:30 (ASIC | Retail Account), 1:500 (VFSC)InstrumentsCommodities CFDs, Crypto CFDs, Forex CFDs, Indices CFDs, Share CFDsMargin trading involves a high level of risk and is not suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Blueberry Markets, and seek independent advice if necessary. Forex and CFDs are highly leveraged products, which means both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford to incur losses that will not adversely affect your lifestyle.Blueberry Markets was established in 2016 with the goal of providing traders with tight spreads, a sleek platform, and a demonstrated commitment to customer service. The broker ensures that its users have access to more than 300 instruments, and, of course, gold is among the commodities available. In addition to precious metals, Blueberry Markets also allows you to trade indices, cryptocurrencies, shares, and more.
Regarding the available platforms, traders can choose MetaTrader 4, which offers one-click trading, instant order execution, customizable charts, automated trading, and thousands of indicators. MetaTrader 5 and WebTrader are also available.
When opening a trading account with Blueberry Markets, you can choose between Standard and Direct accounts, each offering more than 300 tradable instruments. The broker supports several deposit currencies, including AUD, USD, CAD, GBP, NZD, EUR, and SGD. Deposits and withdrawals are processed quickly and effortlessly, and, in addition to payments via credit and debit cards, digital wallets, and bank transfers, Blueberry Markets also accepts cryptocurrencies such as Bitcoin and Tether.
Blueberry Markets is a multi-jurisdictionally regulated trading platform and holds approvals from the Australian Securities and Investments Commission as well as the Securities Commission of the Bahamas.
From its use in jewellery and investment to its premium status in the technology sector, gold is an asset many investors regard as a safe haven. As a precious metal that plays a crucial role in the world economy, gold’s high liquidity attracts significant interest from traders.
Gold trading involves speculating on the market price with the aim of making a profit. This can be done via exchange-traded funds, spot prices, futures and options. Successful gold trading requires correctly predicting the direction of the market, rather than simply trying to buy low and sell high.
How gold trading works for traders and brokers
Trading gold and other metals shares many similarities with forex currency trading; it involves buying or selling a number of units of a specific commodity against the US dollar. Gold, and metals in general, provide a low or negative correlation to other asset classes, so traders often add them to their portfolios when they wish to reduce risk.
Several factors make gold attractive to traders. First and foremost, it is an effective way to hedge against inflation. The metal is also popular because it enables traders to diversify their portfolios.
Gold markets are exceptionally volatile, but understanding the factors that influence the metal’s price can help mitigate risk.
- Inflation and interest rates
- Physical demand
- Investment demand
- Mining output
- US dollar value – gold prices move in the opposite direction to the dollar
Because of the considerable price fluctuations, gold trading requires careful consideration. In 1971 the US dollar was removed from the gold standard. Since then, gold’s price has been influenced by a range of macroeconomic factors.
The market remains liquid because gold is rare enough to prevent oversupply, yet sufficiently available to support continuous trading.
Gold is arguably the most traded commodity worldwide. Depending on their portfolio composition and investing strategy, investors can choose from several ways to invest or trade it. They may focus on physical gold, shares in a mutual or exchange-traded fund, or derivatives.
Traders buy gold futures when they believe the metal’s price will rise in the future. They enter into an agreement with the seller on a price they must pay now. If their prediction is correct, they can sell the contract at expiry for more than the agreed purchase price.
Alternatively, investors who wish to avoid buying physical gold can use CFDs. Contracts for difference allow traders to profit from gold’s price movements without owning the underlying asset. It is important to note that a CFD’s value does not reflect gold’s intrinsic value; only the price difference between trade entry and exit is considered.
Gold exchange-traded funds (ETFs) provide another option, again without the need to purchase the physical asset. In simple terms, trading an ETF operates in much the same way as trading a stock.
Investing in the shares of mining companies is another route to gaining exposure to gold. When buying gold stocks, traders are not dealing with an asset directly linked to the metal’s price.
Options offer an alternative to buying or selling physical gold or futures contracts. They come in two forms: puts and calls. A put allows the holder to sell gold at a predetermined price on the expiry date, while a call allows the holder to buy gold at a predetermined price when the contract expires.
Brokers earn predominantly through spreads added to market prices, meaning the cost of a trade is already built into the quoted buy and sell prices. They may also levy fees, for example for account inactivity or monthly maintenance.