Gold is considered a safe haven asset, and it may be traded by investors who seek to hedge their portfolios against the risks associated with volatile markets, unstable governments, and economic downturns. Another way it can be useful is as part of a diversified long-term investment plan.
Using reputable gold trading brokers, you may trade gold and other precious metals swiftly and successfully online, with the same low spreads and favourable trading conditions always in effect. In this article, we take a look at some of 2023’s top gold trading brokers.
- HFM
Overview
The trustworthiness of a broker like HFM might be gauged by learning which organisations keep a close check on it. Top-tier authorities including CySEC, the FCA, the FSCA, and the DFSA all keep tabs on HFM.
HFM is what’s known as a “Straight-Through-Process” (STP) Broker, which means it facilitates trades without the use of a dealing desk. We promptly fill all orders at the prevailing, normal market pricing.
In order to obtain the liquidity required to fulfil client orders, HFM, as a unified brand name under HF Markets Group, communicates with a number of banks and other financial organisations.
HFM is a fantastic option for gold traders because it is a global brokerage firm with a long history and a stellar reputation for providing a secure and regulated trading environment for its customers.
Clients can tailor their experience by selecting from a wide range of account types, platforms, premium trading tools, tight spreads, educational materials, and instruments.
Overall, HFM offers favourable trading terms for gold trading including a wide range of CFDs.
| Minimum Deposit | $0 |
| Regulators | FSCA, CySEC, DFSA, FSA, CMA |
| Crypto | Yes |
| Total pairs | 53 |
| Trading fees | Low |
2. FBS
Overview
FBS offers its customers a variety of trading accounts for gold and other precious metals. Traders can choose the account type and spread size (Standard, Cent, Micro, or Zero) that works best for them.
| Minimum Deposit | $1 |
| Regulators | IFSC, FSCA, ASIC, CySEC |
| Crypto | Yes |
| Total pairs | 250 |
| Trading fees | Low |
3. Exness
Overview
Commodity trading is available on Exness around the clock for all account types. Investors can engage in reliable, rapid, and low-spread commodity trading in gold, silver, and other metals.
| Minimum Deposit | $10 |
| Regulators | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA |
| Crypto | Yes |
| Total pairs | 97 |
| Trading fees | Low |
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4. BDSwiss
Overview
One of the largest and most liquid markets in the world is made available to BDSwiss customers. Among the tradable commodities are gold, silver, and oil. Traders might reduce their portfolio’s overall risk by gaining exposure to the highly volatile commodity market.
| Minimum Deposit | $100 |
| Regulators | FSC, FSA |
| Crypto | Yes |
| Total pairs | 83 |
| Trading fees | Low |
5. XTB
Overview
BDSwiss connects its customers to the world’s most liquid and deepest market. Some of the commodities that can be traded are gold, silver, and oil. Traders can diversify their portfolios by investing in commodities, which are a highly volatile asset class.
| Minimum Deposit | $100 |
| Regulators | FSC, FSA |
| Crypto | Yes |
| Total pairs | 83 |
| Trading fees | Low |