The best gold CFD trading brokers allow you to trade gold vs USD, EUR, AUD, and CAD. They also offer silver, oil and gas, trading via a good range of forex pairs and trading platforms like MetaTrader 4.
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Top 8 Gold CFD Trading Brokers
The best CFD gold trading platforms in 2023 are:
| Broker | Our Rating | Regulation | Standard EUR/USD Spread |
Standard GBP/USD Spread |
Standard AUD/USD Spread |
Raw EUR/USD Spread |
Raw GBP/USD Spread |
Raw AUD/USD Spread |
Commissions (USD Base) |
MetaTrader 4 | MetaTrader 5 | cTrader | Execution Speed | Minimum Deposit | Currency Pairs | Crypto CFDs | Retail Leverage | Prof. Leverage | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
8.50 |
FCA,ASIC, CySEC,SCB |
1.0 | 1.0 | 1.2 | 0.06 | 0.73 | 0.27 | $3.50 |
|
|
|
143ms | $100 | 40+ | 250+ | 30:1 | 500:1 |
|
|
9.33 |
SCG, ASIC FCA, CySEC |
1.10 | 1.40 | 1.20 | 0.1 | 0.6 | 0.3 | $3.50 |
|
|
|
77ms | $0 | 62+ | 12+ | 30:1 | 500:1 |
|
|
8.50 |
ASIC, FSA-S CySEC |
0.62 | 0.83 | 0.77 | 0.02 | 0.23 | 0.17 | $3.50 |
|
|
|
134ms | $0 | 61+ | 18+ | 30:1 | 500:1 |
|
|
7.17 |
ASIC, MAS, FCA CIRO, FMA, BaFin |
1.12 | 1.30 | 1.64 | 0.5 | 0.9 | 0.6 | $2.50 |
|
|
|
138ms | $0 | 338+ | 19+ | 30:1 | 500:1 |
|
|
8.33 |
ASIC, FSCA CBI, KNF, CIRO ADGM, FSC-BVI |
- | - | - | - | - | - | - |
|
|
|
160ms | $100 | 55+ | 15+ | 30:1 | 400:1 |
|
|
6.67 |
ASIC, FCA, BaFin FINMA, NFA/CFTC, MAS CySEC, DFSA, FMA JFSA, BMA, FSCA |
1.13 | 1.66 | 1.01 | 0.16 | 0.59 | 0.29 | $6.00 |
|
|
|
174ms | $450 | 100+ | 12+ | 30:1 | 200:1 |
|
|
7.17 |
ASIC, CySEC, MFSA FCA, FSA, FINRA GFSC |
1.0 | 2.0 | 1.0 | - | - | - | - |
|
|
|
130ms | $200 (Australia), $50-$100 (EU) | 49+ | 46+ | 30:1 | 400:1 |
|
|
5.83 |
ASIC, CySEC, MAS FCA, FMA, DFSA EFSA, FSA, FSCA |
1.70 | 2.3 | 1.4 | - | - | - | - |
|
|
|
140ms | $100 | 71+ | 15+ | 30:1 | 300:1 |
|
When trading gold CFDs, like all commodity trading, you’re not trading the physical asset, you’re trading contracts as either CFDs, futures, ETFs, options or even gold indices. Our list below contains the best gold CFD trading brokers. Each of the brokers also offers a demo account which is worth trying out before making your final choice.
The Best Gold Broker Overall
Eightcap is an Australian-based broker who is known as a multi-asset CFD and Forex specialist offering MT4 and MT5. While Eightcap doesn’t have the widest commodity offering compared with other brokers, they combine a lot of other advantages such as tight spreads, quick execution and a good overall product range.
Gold and Precious Metals
Eightcap offers gold, silver, platinum, nickel, zinc and palladium CFDs of the precious metals (which isn’t indicated on their website). While all commodities are tradeable against the USD, only gold CFDs can be traded against the AUD, EUR, JPY or GBP using the broker’s MT5 platform (note, XAU is the trading code for gold).
In terms of spreads, Spreads for gold and silver start as low as 0.01 USD, with an average spread for gold of 0.12 USD while silver averages 0.05 USD.
Other Commodities
The other commodity markets Eightcap offers are Oil CFDs, both Crude Oil and Brent Oil. These can only be traded as CFDs using the MT5 platform and are primarily traded against the USD.
Other Products
Eightcap has quite an extensive product list including 63 Forex pairs, 400 stocks and over 250 cryptocurrencies, 20 of which can be traded as cross-pairs against the AUD, EUR, GBP, MXN and CHF.
Maximum leverage will depend on what country you are trading in. Australia (regulated by ASIC), offers leverage at 30:1 for major Forex pairs while outside Australia you can obtain higher maximum leverage of up to 500:1.
Moving away from these commodities, Eightcap also offers 40 forex pairs and 250 crypto pairs.
Eightcap’s crypto offering is notable because no other CFD broker offers such an extensive collection of crypto for trade. If you are using the MT5 trading platform, Eightcap offers around 120 different cryptos with 20 of these able to be traded against not just US, but also AUD, CAD, GBP, EUR, MXN and even Bitcoin.
Trading Accounts (For Forex Trading)
If your primary goal is to trade commodities (or any financial instrument other than forex), it won’t matter which Eightcap trading account you choose. This is because non-forex products do not have commission costs.
If you do plan to trade forex, you will need to decide between the Eightcap Standard or Raw Accounts.
These accounts will suit different types of traders. The broker’s Raw account has tighter spreads, starting at 0 pips, but you are paying a commission of $7 USD round-turn per 100K traded. This account offers the best value in terms of costs.
The Standard account is more beneficial for beginners, given there are no commissions, while Raw is better for experienced traders given it presents opportunities for scalping and hedging, which are both permitted with Eightcap.
You need $100 USD to open an account outside Australia, while it will depend on what account you choose as an Australian trader.
Trading Platforms
In terms of trading platforms, Eightcap offers the MetaTrader 4, MetaTrader 5 and TradingView platforms which all offer their own specific advantages.
MT4 is the most popular Forex platform in the market while MT5 is better suited for CFD trading and offers more trading tools such as 21 chart timeframes and 38 technical indicators. You can trade commodities with both MT4 and MT5.
If a deep analysis is your thing, then TradingView might be a better option. This platform provides you with all the charting tools and indicators you can imagine so you can assess your trading ideas from every angle.
There are also two additional platforms, Cryptocrusher and The Amazing Trader, which Eightcap have only recently added.
Cryptocrusher is a crypto trading enhancement tool to help improve your crypto trading strategy. Tools include precise entry, target and stop levels, market trend analysis and exclusive indicators plus a 24-hour chat room to discuss your trades.
The Amazing Trader is an advanced charting algo platform for FX, indices, cryptos and metals that doubles as a risk management tool. The platform is available for free with its 28-day success program but you must maintain an account balance of $500 or more.
The Broker With A Top Range of Trading Platforms
As a broker, Pepperstone offers a more diverse range of third-party platforms than most brokers for Forex and CFD trading options. This includes a number of gold markets that can also be traded against multiple currencies.
These trading platforms include the popular MetaTrader 4 and 5 platforms, as well as cTrader, which is great for scalping, and TradingView for chart trading.
Coupled with this, you will receive top tier liquidity, fast execution speed and tight spreads for commodity CFD trading with Pepperstone being regulated by multiple tier-1 institutions.
Pepperstone also has excellent customer support, with 18-hour coverage on weekends as well as the standard 24/5 on weekdays.
Gold and Other Products
Other than gold, Pepperstone offers a range of 4 precious metals plus copper, 16 soft commodities and 4 energies.
Maximum leverage for gold is 20:1 or 200:1 with a pro account (and also within countries outside the UK, Europe, Australia and UAE). For other commodities, you can have leverage up to 10:1 (or 100:1 with a pro account or in certain regions).
Gold can also be traded against the GBP, AUD, CHF and JPY in addition to the usual, USD.
Pepperstone clients can trade over 160 instruments over a range of asset classes including forex, stocks and commodities, futures, and indices CFDs.
It is worth noting that spread betting in the UK while cryptocurrency CFD trading is not permitted, given FCA regulations.
Trading Accounts (for forex trading)
Like with Eightcap, the account types only matter if you wish to trade forex. This is because trading of instruments other than forex does not have commission costs, unlike forex which may. Pepperstone offers three account types: Standard. Razor (MetaTrader), Razor (cTrader and TradingView).
The standard account is the account for no commission forex trading, meaning you will simply be paying the spread costs (which vary from product to product). For Forex, commission varies depending on what trading platform you’re using, as do spreads.
On the Standard account, you won’t be paying commissions and spreads start at 1.0 pips, which is competitive for a Standard Account.
For Razor, if you use MT4/5, commissions are $7 USD while it’s USD $6 USD for cTrader and TradingView with tighter average variable spreads, starting at 0 pips.
Trading Platforms
Apart from the two MetaTrader platforms, Pepperstone also offers cTrader and TradingView.
MT4 and MT5 come with Smart Trader Tools and Figaro Advanced Tools, which allow advanced customisation of your trades, while autochartist is an intuitive charting package that’s available with both the MetaTrader and cTrader platforms.
TradingView is a platform that allows advanced charting for deeper technical analysis, that you can trade directly through the chart. You also have the ability to share your trades and see what others are trading through the TradingView social trading network.
Note: MyfxBook is not available for Social Trader in the UK and Europe, instead Pelican Social Trading is available.
A Good Choice Broker For Algo Trading
IC Markets’ combines competitive pricing, scalable execution and support for Virtual Private Servers (VPS), making it an excellent option for those who prefer algorithmic gold trading.
The broker’s competitive pricing is spread across all of their account types with low average spreads for most commodities (and other financial instruments).
As a top MetaTrader broker, IC Markets also offers a desktop version of MetaTrader that supports algorithmic trading, while the cTrader suite includes cAlgo for automated trading and cTrader Copy for social/copy trading.
Gold and Other Products
In addition to gold, you can trade 5 precious metals, over 17 soft commodities and 4 energy commodities as spot and futures CFDs with IC Markets.
Precious metals you can trade include gold, silver, palladium and platinum, all with leverage of up to 20:1. Gold can also be traded against multiple currencies including EUR, AUD, YEN and GBP.
Soft commodities markets include corn, soybeans, sugar, cocoa, coffee, and wheat, tradeable as CFDs, all with competitive spreads and leverage up to 10:1.
IC Markets has a decent range of markets, particularly stocks with over 1600 instruments offered, in addition to 61 Forex pairs and a smattering of futures, indices and Forex Trading Automation as well as futures.
Trading Accounts (for forex trading)
If you are forex trading, IC Markets offers two main account types, Standard (no commission) and Raw (spread-based) accounts, split across their trading platforms.
Each account type offers competitive pricing with low average spreads, particularly the broker’s Raw Spread account.
Their Raw Spread account gives you the option of using either the MetaTrader or cTrader platforms, with varying commissions based on what currency you trade with.
Trading Platforms
As mentioned, IC Markets has a great range of trading platforms overall.
Other than offering MT4, MT5 and cTrader and their plugin add-ons, the broker also offers Myfxbook and ZuluTrade, two of the more popular third-party social and copy trading platforms. These tools can integrate with MetaTrader should you wish to do so.
The Broker That Has A Top Range of Metals
IG Markets has by far the biggest range of tradeable markets of any broker on this list, with over 15,000 instruments available to trade.
From a gold trading point of view, this also means more variety and flexibility in trading options for profit-making opportunities.
Regulated in six tier-1 jurisdictions, IG Markets is also one of the most trusted CFD and Forex brokers.
Gold and Other Products
There are over 35 commodities markets that you can trade with IG Markets, which can be traded as CFDs (shares, spot prices, ETFs, futures or options contracts) or shares (shares or ETFs).
This gives you a great range of trading options and commodities markets to choose from.
From there, IG’s product offerings just get better. There are over 13,000 stocks (Australian, US and European only), up to 100 Forex pairs outside the U.S. and 2246 ETFs available to trade, the most of any broker.
Trading Accounts (For CFD Forex Trading)
IG offers one main trading account, which it calls a CFD account, where you can trade all trading instruments offered by the broker.
The only commissions you pay are for share CFDs at 0.475%. For Forex, spreads are in-line with the industry average. A minimum spread of 0.6 pips for EUR/USD is what most brokers would offer as their Standard account with no commissions.
If you are a high-volume trader, you can access DMA (Direct Market Access) pricing through Forex Direct, which gives you lower average minimum spreads. This might not be a suitable option for commodities trading.
Should you choose to fund your account in USD, there is also no minimum deposit for CFD accounts.
Trading Platforms
As far as trading platforms are concerned, IG offers its own IG trading platform for desktop, mobile, tablet and web app. In addition, MT4 is also available as well as two specialist platforms: L2 Dealer and ProRealTime.
For trading commodities, IG Trading Platform and MT4 are your best options since you can use the full IG product range for trading.
L2 Dealer is suited for advanced shares trading with DMA (direct market access) while ProRealTime has a leading charting package with great technical chart features.
The Broker That Has A Good Range Of Markets
A well respected and trusted UK broker, CMC Markets is a low-cost broker with measurably low trading costs compared to the industry, including a rebate program for active traders (based on your country of residence).
CMC Markets also has a huge range of products on this list, with a whopping 12,000 tradeable instruments.
These products can all be traded on the broker’s award-winning Next Generation trading platform, which is packed with great research and useful trading tools.
Gold and Other Products
As well as gold, the commodities you can trade include 3 other precious metals (silver, palladium, platinum), copper and 5 energies (crude oil, brent, natural gas, gasoline, and heating oil).
Spreads vary across the board, with gold and brent the tightest starting at 0.30 pips, while most commodities hover around the 2-3 pip mark.
The maximum leverage available varies based on whether you’re a Canada trader or not. As a retail trader, you can obtain up to 24:1 leverage for gold in Canada, and up to 20:1 everywhere else.
In addition to the commodities on offer, CMC Markets also has 338 Forex pairs and over 9000 stocks available to trade, as well as a handful of crypto and indices CFDs.
Again, leverage depends on where you’re based, as seen in the below table.
Trading Accounts (For CFD Forex Trading)
CMC Markets only offers a CFD account option, which is their version of a Standard (or no commissions) Account. You can still trade all the markets that CMC offers.
You’ll only pay commissions for Share CFDs (from $8) while commodities are all spread-only. This makes CMC Markets a great low-cost broker.
This is reflected in consistently low spreads across the board, including Forex, of which the minimum spread for the EUR/USD, is 0.7 pips.
A disclaimer though: there are some other trading costs you need to be aware of such as holding costs, market data fees, guaranteed stop-loss charges and a monthly inactivity fee. These can all be found on the broker’s website.
Trading Platforms
CMC Market’s in-house trading platform, CMC Next Generation, is fast, reliable, and packed with impressive tools and features. It also won the best mobile trading app for 2021.
There is also CMC Market’s Next Generation platform which has heaps of charting features including 80 technical indicators, 40 drawing tools, and 60 candlestick patterns.
MT4 is also available with FxBlue (a web-based service for analysing and publishing your trading results) and Autochartist as additional trading tools.
The Broker That Has The Best Platforms For Copy Trading
Offering two proprietary trading platforms (AvaTrade WebTrader and AvaOptions), the full MetaTrader suite and copy trading platforms, ZuluTrade and DupliTrade, AvaTrade is our best copy trading broker for gold.
AvaTrade’s proprietary WebTrader platform has a well-designed, responsive layout with a suite of trading tools from Trading Central that can be directly integrated within the platform. This means, not only more trading tools for gold trading but also ease of execution.
One other feature to be aware of is that spread with Avatrade is largely fixed. This means they can potentially be a good choice for risk-averse traders.
In terms of copy trading platforms, AvaTrade offers ZuluTrade, DupliTrade, and the native Signals market in MetaTrader which gives plenty of options for the copy/social trader.
Gold and Other Products
Like CMC Markets, AvaTrade offers 4 precious metals and other metal commodities as well as 5 energy commodities.
In addition to being traded as a CFD, gold can also be traded as an option giving AvaTrade a point of difference from other brokers.
Spreads are competitive across the board, with gold starting at 0.29 pips, while all over commodities have similarly tight spreads.
Compared with other commodities, maximum leverage is highest for gold at up to 20:1 while all over commodities only go as high as 10:1.
The rest of AvaTrade’s product offerings are solid if not extensive. This includes 55 forex pairs, 632 stocks, as well as a good range of 44 options, 1 of which is gold.
Trading Accounts (For CFD Forex Trading)
Like CMC Markets, AvaTrade only offers one account type, their Standard account. However, they differ from every other broker on this list because their spreads are largely fixed rather than variable.
The only downside here is that spreads are slightly wider, particularly for trading forex pairs such as EUR/USD, which starts at 0.9 pips. But that is the price you pay for extra spread stability and also because commissions are effectively reflected in the spread, despite not paying any actual commission.
There are no funding costs but a $300 minimum deposit to open an account with AvaTrade.
Trading Platforms
AvaTrade has lots of great trading platform options including the MetaTrader platforms, the broker’s patented AvaTradeGo and AvaOptions and a multitude of social trading platforms.
Additionally, AvaTrade offers AvaProtect™, which protects a specific trade against losses of up to one million dollars over a chosen time frame. This comes with a modest hedging cost to offset the risk associated with trading complex instruments such as CFDs.
The Broker That Has Good Social Trading
A social and copy-trading specialist, eToro also offers a large number of gold-related markets and trading options available.
You can trade gold either via ETFs if you’re based in the U.S. or as CFDs anywhere else in the world and eToro provides the ability to select between trading CFDs and the underlying assets directly from the trade-ticket window which is convenient.
eToro has two in-house copy trading platforms: CopyTrader (for individual trades) and SmartPortfolios (for a group of investments or a portfolio). These platforms allow you to copy the trades of experienced investors. You can also share your own trading strategies to receive exclusive perks.
Gold and Other Products
There are 7 precious metal and metal commodities, as well as 2 energy and 4 soft commodities, which is on the lighter side compared with others higher up this list. Like most of the brokers on this list, the maximum leverage for gold is 20:1 which you can trade either as ETFs (U.S. only) or as CFDs. You can also view our US low spread forex broker comparison page.
eToro also offers a good range of 2961 stock trading options, 263 ETFs and 41 cryptos amongst a more modest 49 Forex pairs and 13 indices.
Trading Accounts (for CFD Forex Trading)
Like other market makers on this list (IG, CMC Markets, AvaTrade), eToro only offers a Standard account, with no commissions.
This means the commission costs are taken into consideration in the spreads, which are a little wider for certain markets, particularly EUR/USD starting at 1 pip.
An added bonus once you open an account is that USD $100,000 is automatically credited into a virtual portfolio (like a demo account) so you can ‘try before you buy’ so to speak.
Trading Platforms
eToro has its own proprietary platform, which merges normal, self-directed trading and copy trading under a unified trading experience. The platform is available as a webtrader or via trading apps on android or iOS.
The reason you sign up for eToro is its social trading community and, in turn, its social trading capabilities. All eToro’s platforms are easy-to-use, intuitive and deliver a rewarding, inclusive trading experience.
The reason you sign up for eToro is its social trading community and, in turn, its social trading capabilities. All eToro’s platforms are easy-to-use, intuitive and deliver a rewarding, inclusive trading experience.
*Your capital is at risk ‘68% of retail CFD accounts lose money’
The Broker Suitable for Beginners
Plus500’s CFD trading platform attracts beginners as it offers a user-friendly experience and guaranteed negative balance as a risk management tool.
Not only is the Plus500 CFD platform easy to use, but it also focuses on providing the essentials so the casual investor will not feel overwhelmed.
The broker is also regulated in three tier-1 jurisdictions and four tier-2 jurisdictions, making it a safe broker for online trading.
Gold and Other CFD Products
Plus 500 offers a solid range of 22 commodities including all the major precious metals, other metals, soft commodities and energy instruments.
Spreads are a little wider for gold than other brokers but there are still plenty of commodity trading options with reasonably tight spreads.
There are also over 2000 financial instruments available with Plus 500, giving a good spread of products to get your teeth stuck into, particularly as a beginner.
All Forex trading is done by way of CFDs, rather than a rolling contract, which, again will suit the novice trader.
Trading Accounts (for CFD Forex Trading)
Plus500 is another broker that only offers a Standard account but the CFD provider has spreads for Forex that compare well with their competitors.
The minimum spread for EUR/USD starts at 0.6 pips which is very competitive for a Standard Account. As always, you won’t pay commissions on any commodities you trade, including gold.
The other benefit you get with Plus500 is no minimum deposit.
Trading Platforms
As mentioned, Plus500 has its own in-house trading platform, available on all devices but particularly suited as a webtrader or via mobile app.
The mobile app closely mirrors the webtrader browser platform, offering a seamless transition between platforms should you wish to trade on the go.
The only downside with Plus500 is the lack of advanced additional trading tools to really customise your trading experience. An example of this is the lack of bots you would expect from Trading Automation and social trading features.
They do however offer risk management in the form of a guaranteed stop loss/take profit. And unlike some other broker on this list who only offer negative balance protection to retail clients where required by regulation, Plus500 offer this to all their clients.
View Plus500 ReviewVisit Plus500
*Your capital is at risk ‘76.4% of retail CFD accounts lose money’
Gold is often considered a safe-haven asset and if the price of gold is high, it often indicates that the global economy is in good shape. When it comes to trading gold CFDs, however, and choosing the best broker, there are a number of factors to consider including:
And while gold is the most popular commodity to trade, there are other commodities brokers offer. These include other precious metals (silver, platinum, palladium), energies (oil, gas) and soft commodities like cattle, rice, and coffee. The team at Compare Forex has carefully considered all of the above, as well as some additional factors such as:
Disclaimer on Regulation
Regulation is an important factor to consider when assessing what broker to choose. For a start, there are different tiers of regulators, the higher of which are more trustworthy.
A broker can also be multi-regulated which doesn’t necessarily mean more is better. In fact, having multiple regulators simply means a broker has subsidiaries in multiple locations around the world, which simply provides more access to traders in different countries or jurisdictions, globally.
All providers on this list are reliable forex brokers regulated in the key regions by tier-1 regulators.
Take Pepperstone for example, which has the most regulators on this list with 7 regulators, all with different tiers (I.E. the higher, the more trustworthy) and jurisdictions. The 7 include ASIC (Australia) and FCA (UK), which are tier-1 jurisdictions (the most trustworthy), followed by a number of tier-2 and tier-3 jurisdiction regulators including CySEC (Cyprus), DFSA (United Arab Emirates), BaFin (Germany), CMA (Kenya) and SCB (The Bahamas).
You might notice not all countries are represented on this list, which simply means residents in countries other than those listed, such as the Philippines or Malaysia, can use an offshore regulator, which you can find out either on the broker’s website or enquire directly with the broker, either within the chatbot or via phone or email.
Most of the time, you will automatically be redirected to the appropriate broker’s website anyway using sophisticated geo-location targeting, which should have the relevant regulator listed, if it is a trusted broker.
There are also other major offshore regulatory bodies on this list including:
