The Top 10 Best Gold Trading Forex Brokers in South Africa revealed. We have rated and reviewed the Best Forex Brokers who offer Gold Trading.
This is a complete listing of The 10 Best Forex Brokers for Gold Trading.
In this in-depth write-up you will learn:
- The Best Gold Trading Strategy – Revealed
- The Best Broker to Trade Gold in the US
- The Best Spot Gold Trading Platform
- The Best App for Trading Gold
- The Best Broker for Scalping Gold
- How to trade gold.
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
10 Best Forex Brokers for Gold Trading – A Comparison
| 🔎 Broker | 🪙 Gold Trading | Open an Account | 💰 Minimum Deposit | 📈 Leverage |
| 📍 HFM | ✅ Yes | 👉 Open Account | $0 USD / 0 ZAR | 1:2000 |
| 🥇 XTB | ✅ Yes | 👉 Open Account | $0 USD / 0 ZAR | 1:500 |
| 🥈 BDSwiss | ✅ Yes | 👉 Open Account | $10 USD / 183 ZAR | 1:500 |
| 🥉 Exness | ✅ Yes | 👉 Open Account | $10 USD / 183 ZAR | 1:1000 |
| 🏅 FBS | ✅ Yes | 👉 Open Account | $5 USD / 91 ZAR | 1:3000 |
| 📌 FP Markets | ✅ Yes | 👉 Open Account | $100 USD / 1835 ZAR | 1:500 |
| 📍 AvaTrade | ✅ Yes | 👉 Open Account | $100 USD / 1835 ZAR | 1:400 |
| 📌 FXTM | ✅ Yes | 👉 Open Account | $200 USD / 3670 ZAR | 1:2000 |
| 📍 Tickmill | ✅ Yes | 👉 Open Account | $100 USD / 1835 ZAR | 1:500 |
| 📌 Plus500 | ✅ Yes | 👉 Open Account | $100 USD / 1835 ZAR | 1:30 |
Gold Trading – A Definition
The term Gold trading refers to the practice of speculating on the price of gold markets in order to make a profit.
Gold Trading does not generally include handling physical gold bars or coins – instead, they are settled in cash.
Gold is usually traded via futures, options, spot prices, shares, and exchange-traded funds (ETFs).
10 Best Forex Brokers for Gold Trading (2025)
- HFM – Best Gold Trading Account
- XTB – Overall, the best Broker for Gold Trading
- BDSwiss – Low Trading Fee Gold Broker
- Exness – Best Online Trading Experience
- FBS – Top Gold Broker for Beginners
- FP Markets – Best All-Around Gold Broker
- AvaTrade – High-Level Regulation
- FXTM – High Floating Leverage + Fast Execution
- Tickmill – High User Trust Score
- Plus500 – World-Class Gold Trading Platform
1. HFM
HFM serves as one of the established brokerages that allows trading gold while providing competitive spreads as well as adjustable leverage options.
Under FSCA regulation HFM operates as a multi-regulated broker which allows clients in South Africa to trade gold as CFD instruments through MetaTrader platforms.
Min Deposit
USD 0 / ZAR 0
Regulators
FSCA, DFSA, FSC, CMA. FCA
Trading Platform
MT4, MT5, HFM Platform
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
No Trading Fees
Account Activation
24 Hours
HFM offers deep market liquidity together with fast order processing times and various trading accounts to serve beginner and professional traders who need an efficient way to trade gold.
South African gold traders can rely on the platform due to its protective features for negative balances and risk management capabilities that enrich the overall trading experience.
Overview
| 🔎Broker | HFM |
| Company Information | |
| 📅Year Founded | 2010 |
| 🧑🏻💻Amount of staff | 500+ |
| 👩💻Amount of active traders | 300,500 000 mil |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSCA, CySEC, FCA, DFSA, FSA, CMA |
| 🌎Country of regulation | UK, South Africa, Cyprus |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Premium Account, Zero Spread Account, Pro Account, HFcopy Account |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Not offered |
| 📇Minor account currencies | AUD, GBP, USD, EUR, CAD, CHF, JPY, SGD, HUF, PLN, NZD, ZAR |
| 💰Minimum Deposit | $0 USD / 0 ZAR |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-3 business days |
| 🪙Fund Withdrawal Fee | Free up to a certain amount |
| 📊Spreads from | 0.1 pips |
| 💸Commissions | No |
| 💱Number of base currencies supported | Over 50 |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | 1:30 |
| 📏Margin requirements | 0.50% |
| ☪️Islamic account (swap-free) | Yes, available upon request |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 500+ |
| 🗠CFD Stock Indices | Yes, HFM offers CFDs on major global stock indices, including US30 (Dow Jones), UK100 (FTSE), and many more. |
| ⚖️CFD Commodities | Yes, HFM provides CFDs on a variety of commodities, including Gold, Oil, and others. |
| 📜CFD Shares | Yes, HFM allows trading CFDs on a selection of popular company shares, such as Amazon and Meta. However, the total number of individual stock CFDs may be limited compared to specialized stock brokers. |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/debit cards, bank transfers, electronic wallets. |
| 💵Withdrawal Options | Must be sent via the same payment method used for deposit |
| Trading Platforms and Tools | |
| 💻Trading Platforms | HFM Platform, MT4 |
| 👩💻OS Compatibility | Windows, macOS, Web, Mobile (Android, iOS) |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/5 |
| 📱Customer Support email address | support.za@hfm.com |
| 📞Customer Support Contact Number | +27-104 439 924 |
| 👾Social media Platforms | Facebook, Twitter, |
| 🗣️Languages supported on Website | 27 languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes, HFM offers a multi-award winning affiliate program with competitive commissions, marketing tools, and dedicated support. |
| 👨🏫Amount of partners | 41 000 |
| 📋IB Program | Yes, HFM has a dedicated IB (Introducing Broker) program with custom solutions for introducing new clients. |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes |
| 👉Open Account | 👉Open Account |
HFM Gold Trading
HFM clients have the opportunity to trade derivatives on Gold and other spot metals.
Advantages of Gold Trading with HFM include portfolio diversification, convenient trading hours, low spreads, and risk management.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Wide range of markets: Foreign Exchange, Stocks, Cryptocurencies, Gold, Silver, Copper, Government Securities, Mutual Funds, Exchange Traded Funds. | Offshore entities: Some regulations are in less secure offshore zones |
| Negative balance protection: But can’t lose more than its deposit. | No U.S. clients: Not available to U.S. traders |
| Multiple platforms: MetaTrader 4, MetaTrader 5, WebTrader, Mobile. | Basic research tools: Limited advanced analysis features |
| High leverage: Up to 1:2000 | Fees applicable when the account has been unused |
| Fast execution: Quick trades with low delays | Bonus restrictions: Bonuses vary by region |
| Strong regulation: FCA, FSCA, DFSA, FSA | Transparency on fees: Some fees are less clear, depending on account and region |
Our Findings
HFM is regulated in multiple jurisdictions, ensuring a safe trading environment.
2. XTB
You can use Bitcoin as a base currency to conduct price speculations on gold through the XBT exchange.
The exchange type attracts Bitcoin holders who use it to protect their digital assets against changes in gold value.
Min Deposit
USD 0
Regulators
FCA, CySEC, IFSC, KNF
Trading Platform
MT4, xStation
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
The trading platforms that support XBT gold trading systems enable investors to use contracts for difference (CFDs) or futures agreements to trade long or short positions without taking actual ownership of gold.
Profits through XBT gold trading are accessible due to high leverage but traders must accept Bitcoin volatility risks because of its dynamic market behavior which is suitable for
technical individuals familiar with crypto and commodities trading.
Overview
| 🔎Broker | Prime XBT |
| Company Information | |
| 📅Year Founded | 2018 |
| 🧑🏻💻Amount of staff | 200+ |
| 👩💻Amount of active traders | 1,000,000+ |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | Yes, limited jurisdictions |
| 🌎Country of regulation | Seychelles |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | No |
| Account Types and Features | |
| ➕Accounts | Standard Account Premium Account VIP Account |
| 💳Institutional Accounts | No |
| 👨💼Managed Accounts | No |
| 📇Minor account currencies | USD, EUR, BTC, ETH, USDT |
| 💰Minimum Deposit | USD 1 / 0,0001 in BTC |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Within 1 hour |
| 🪙Fund Withdrawal Fee | Varies by asset |
| 📊Spreads from | 0.0 pips |
| 💸Commissions | Variable by market |
| 💱Number of base currencies supported | 5 |
| 🚀Swap Fees | Yes |
| 📈Leverage | Up to 1:100 |
| 📏Margin requirements | Depends on instrument |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Less than 7 ms |
| 📆VPS Hosting | Available |
| Trading Instruments | |
| 🧾CFDs-Total Offered | 30+ |
| 🗠CFD Stock Indices | 10+ |
| ⚖️CFD Commodities | 5+ |
| 📜CFD Shares | Not available |
| Deposits and Withdrawals | |
| 💳Deposit Options | BTC, ETH, USDT, USDC, credit card & debit card |
| 💵Withdrawal Options | BTC, ETH, USDT, USDC |
| Trading Platforms and Tools | |
| 💻Trading Platforms | Prime XBT Web, Prime XBT App |
| 👩💻OS Compatibility | Web, iOS, Android |
| 🖥️Forex trading tools | Advanced order types, charting |
| Customer Support | |
| 🗣️Live chat availability | Yes |
| 📱Customer Support email address | support@primexbt.com |
| 📞Customer Support Contact Number | Not available |
| 👾Social media Platforms | Twitter, Facebook, Telegram |
| 🗣️Languages supported on Website | English, Chinese, Spanish, more |
| Educational Resources and Support | |
| 🖺Forex course | No |
| 🧏♀️Webinars | Yes, occasional |
| 📚Educational Resources | Limited |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Over 50 |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, partnerships vary |
| 🪙Rebate program | Yes |
| 👉Open Account | 👉 Open Account |
XTB Gold Trading
XTB offers access to all popular commodities including Gold, Silver, and Oil.
XTB offers competitive spreads, transparent rollovers that are visible directly on the chart, a Leverage of up to 500:1, and the ability to trade on PC, tablets & smartphones.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Strong regulation in multiple regions (e.g., FCA, CySEC) | Not available in the US or Canada |
| Tight spreads and low commission accounts for certain regions | Fees on stock CFDs can be higher compared to some competitors |
| xStation 5 and MetaTrader 4 (MT4) for various trader levels | Fewer account options compared to some brokers |
| Offers comprehensive training materials and market analysis | Does not offer MT5 platform, which some traders may prefer |
| Reliable and fast order execution with no dealing desk intervention | Lacks promotional bonuses or incentives |
| Accessible to beginners as no minimum deposit is required | Charges an inactivity fee after 12 months of no trading activity |
| Offers Forex, commodities, indices, stocks, and cryptocurrency CFDs | Market research tools, though solid, are less comprehensive than some competitors |
| Provides multilingual customer support via live chat, email, and phone | Regulated regions have lower leverage limits, particularly in Europe |
| Ensures that clients cannot lose more than their account balance | Charges fees on withdrawals below a specific threshold |
Our Findings
XBT offers a robust platform for trading cryptocurrencies, providing a wide range of digital assets for both beginner and advanced traders.
3. BDSwiss
BDSwiss encompasses gold trading within its choices of commodities because traders obtain competitive spread opportunities and adaptable leverage effects for their CFD gold price speculations.
Gold trading becomes accessible through BDSwiss because the broker operates its platform on MetaTrader 4 and MetaTrader 5 to offer intuitive trading capabilities.
Min Deposit
USD 10
Regulators
FSCA, FSC, FSA, MISA
Trading Platform
MT4, MT5, WebTrader, BDSwiss app
Crypto
Yes
Total Pairs
53
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
As a trader seeking efficient gold operations BDSwiss stands out due to its robust legislation together with swift order execution.
Overview
| Company Information | |
| 📅Year Founded | 2012 |
| 🧑🏻💻Amount of staff | 370 |
| 👩💻Amount of active traders | Over 1 million |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | |
| 🌎Country of regulation | Seychelles, Mauritius, South Africa, Union of Comoros |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Cent Account, Classic Account, VIP Account, Raw account |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes |
| 📇Minor account currencies | 7 |
| 💰Minimum Deposit | $10 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 24 hrs |
| 🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
| 📊Spreads from | From 0.0 pips |
| 💸Commissions | Cent & Classic: $0 on pairs / $2 on indices / 0.15% on shares VIP: $0 on pairs & indices / 0.15% on shares Zero-Spread : $6 on pairs & commodities / $2 on indices / 0.15% on shares |
| 💱Number of base currencies supported | 4 |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 1:400 and 1:2000 |
| 📏Margin requirements | a 1% margin requirement |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 250 |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), |
| 💵Withdrawal Options | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), BDSwiss WebTrader, BDSwiss Mobile App |
| 👩💻OS Compatibility | Windows, macOS, iOS, Android |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/7 |
| 📱Customer Support email address | support@global.bdswiss.com support@km.bdswiss.com |
| 📞Customer Support Contact Number | 049-328-328 |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | 20 Languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Over 20 000 |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, DP World Tour Championship. |
| 🪙Rebate program | Yes |
| South African Trader Specific Information | |
| Does BDSwiss Accept South African Traders? | Yes |
| Is BDSwiss regulated by the South African regulatory body (FSCA)? | Yes |
| Does BDSwiss offer an Affiliate Program for South African Traders? | Yes |
| Does BDSwiss allow opening trading accounts in ZAR (South African Rand)? | Yes |
| 👉Open Account | Open Account |
BDSwiss Gold Trading
BDSwiss offers its clients access to one of the largest and most liquid markets in the world.
Commodities made available for trade include Gold, Silver, and Oil.
BDSwiss Commodities can be a highly volatile asset category and can be used by traders to diversify their portfolios.
Pros and Cons
| ✅ Pros | ❌ Cons |
| MetaTrader 4 and 5 are available | Relatively high minimum deposit |
| BDSwiss provides useful educational resources as well as market analysis | As the platform caters to a global audience, some BDSwiss features and products may not be especially customised to the South African market |
| South African traders benefit from the platform's multi-regulation. | The primary focus of BDSwiss on CFDs and forex trading may not be compatible with the interests of investors seeking direct stock trading or long-term investments |
Our Findings
The broker offers various analytical tools and educational resources to help traders make informed decisions in the gold market.
4. Exness
Traders accessing Exness can experience a complete gold trading experience which includes competitive spreads combined with low commissions and adjustable leverage.
Min Deposit USD 10 Regulators CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA Trading Platform MT4, MT5, WebTerminal, Exness Terminal Crypto Yes
The brokerage delivers rapid trading implementation together with extensive market liquidity and advanced platform capabilities through MetaTrader 4 and 5.
The trading platform of Exness offers multiple account types that meet the needs of new traders together with experienced professionals.
Overview
| 🔎 Broker | 🥇 Exness |
| ➖ Min. Deposit from | USD 10 / 185 ZAR |
| 📉 Spreads for Cent Accounts | From 0.3 pips |
| ⚖️ Leverage Availability | Up to Unlimited |
| 💵 Commission Structure | No commission |
| ⚡ Execution Speed | 0.01 seconds on average |
| 🖥️ Trading Platforms Supported | MT4 |
| 📏 Order Size Range for Cent Accounts | From 0.01 lots in cents |
| 🌍 Account Base Currencies | Over 50 (including ZAR) |
| 🕌 Swap-Free (Islamic) Account Availability | Yes |
| ✅ Regulation by FSCA | Yes |
| 💳 Deposit & Withdrawal Methods for South Africans | Yes (bank cards, Skrill, Neteller, local payment solutions) |
| ❌ ZAR Cent Accounts Availability | No |
| 🚀 Open an Account | 👉 Open Account |
Exness Gold Trading
Exness offers access to commodities trading 24/7 across all account types. Investors can choose to trade gold, silver, and more – with consistently low spreads plus fast and reliable execution.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| 24/7 Customer Support | Limited Trading Instruments |
| Instant Deposit | Withdrawal Fees |
| Huge Leverage | ETF CFD trading is not available. |
Our Findings
With its FSCA regulation in South Africa, traders can confidently trade gold in a secure and transparent environment.
5. FBS
As a part of its commodity trading portfolio, FBS gives traders XAU/USD access through competitive spreads combined with maximum leverage at up to 1:3000.
Min Deposit
USD $5
Regulators
FSC, ASIC, CySEC
Trading Platform
MT4, MT5, FBS App
Crypto
Yes
Over 27 000 000+ Traders
On their platform, the broker enables gold trading through MetaTrader 4 and MetaTrader 5 which supports traders who prefer either scalping or long-term investing methods.
The swap-free FBS accounts enable traders from Islamic finance areas to conduct gold trading without accumulating overnight fees.
Overview
| 🔎Broker | FBS |
| Company Information | |
| 📅Year Founded | 2009 |
| 🧑🏻💻Amount of staff | 150+ |
| 👩💻Amount of active traders | 16 million+ |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSC, ASIC, CySEC |
| 🌎Country of regulation | Belize, Cyprus |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | ICF (for EU clients) |
| Account Types and Features | |
| ➕Accounts | cTrader, Raw Spread, standard |
| 💳Institutional Accounts | No |
| 👨💼Managed Accounts | Yes (PAMM) |
| 📇Minor account currencies | USD, EUR, GBP, THB |
| 💰Minimum Deposit | $5 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 15 minutes to 24 hours |
| 🪙Fund Withdrawal Fee | Varies based on payment method |
| 📊Spreads from | From 0.0 pips |
| 💸Commissions | From $6 per lot (ECN Account) |
| 💱Number of base currencies supported | 6 |
| 🚀Swap Fees | Applicable (except Islamic accounts) |
| 📈Leverage | Up to 1:3000 |
| 📏Margin requirements | Varies based on asset |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | 0.2 seconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | 200+ |
| 🗠CFD Stock Indices | 5 |
| ⚖️CFD Commodities | 6 |
| 📜CFD Shares | 100+ |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller) |
| 💵Withdrawal Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller) |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MT4, MT5, FBS Trader App |
| 👩💻OS Compatibility | Windows, macOS, Android, iOS |
| 🖥️Forex trading tools | Economic calendar, market analysis, VPS, calculators |
| Customer Support | |
| 🗣️Live chat availability | Yes |
| 📱Customer Support email address | support@fbs.com |
| 📞Customer Support Contact Number | +357 25 313540 |
| 👾Social media Platforms | Facebook, Instagram, Twitter, YouTube |
| 🗣️Languages supported on Website | 18+ Languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Articles, videos, tutorials, webinars |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 18,000+ |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, the Qatar Economic Forum 2025 |
| 🪙Rebate program | Yes |
| 👉Open Account | 👉 Open Account |
FBS Gold Trading
FBS offers its clients a wide variety of accounts for trading precious metals such as Gold.
Traders can choose between a Standard, Cent, Micro, or Zero spread account with spreads most suitable to their individual needs.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low stock and stock index CFD fees | Slim product portfolio |
| No inactivity fee | Limited account base currencies |
| Fast account opening | Limited Investor Protection |
Our Findings
FBS provides educational resources and market analysis to help traders make informed decisions when trading gold.
6. FP Markets
Traders at FP Markets can access gold CFDs through competitive spreads and adaptable leverage ratios as the broker operates its commodities trading division.
Min Deposit USD 100 Regulators ASIC, CySEC, FSCA, CMA Trading Platform MT4, MT5, Iress Trader, cTrader Crypto Yes Total Pairs 70+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
The broker permits trading through two popular platforms MetaTrader 4 and MetaTrader 5 which provide swift execution as well as advanced analytical tools for gold price evaluation.
Secured gold trading takes place at FP Markets because the broker operates under ASIC and CySEC regulations that provide traders with a dependable platform.
Overview
| 🔎Broker | FP Markets |
| Company Information | |
| 📅Year Founded | 2005 |
| 🧑🏻💻Amount of staff | 274 |
| 👩💻Amount of active traders | Over 200,000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | ASIC, CySEC, FSCA, FSA, FSC, CMA |
| 🌎Country of regulation | Australia, Cyprus |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Standard, Raw ECN, and VIP accounts available |
| 💳Institutional Accounts | Yes, tailored solutions for institutional clients |
| 👨💼Managed Accounts | Yes, offered through third-party managed account services |
| 📇Minor account currencies | USD, EUR, GBP, AUD, JPY, and others |
| 💰Minimum Deposit | $100 / R1806 |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Deposits are typically processed instantly; withdrawals usually within 1-2 business days |
| 🪙Fund Withdrawal Fee | Generally no fees for withdrawals; may vary based on method |
| 📊Spreads from | Spreads start from 0.0 pips on Raw ECN accounts |
| 💸Commissions | From $3.5 per side per lot on Raw ECN accounts |
| 💱Number of base currencies supported | Over 10 base currencies including USD, EUR, GBP, AUD, JPY, and others |
| 🚀Swap Fees | Swap fees apply; may vary depending on the position and account type |
| 📈Leverage | Up to 1:500 depending on the account type and instrument |
| 📏Margin requirements | typically 0.2% - 1% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically 40-50 milliseconds on Raw ECN accounts |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 1,000 CFDs across various asset classes |
| 🗠CFD Stock Indices | Yes,Major global indices including S&P 500, NASDAQ, FTSE 100, DAX, and more |
| ⚖️CFD Commodities | Yes, Includes commodities such as Gold, Silver, Oil, Natural Gas, and more |
| 📜CFD Shares | Yes, A wide range of global stocks from major markets including US, UK, EU, and Asia |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit Cards, Bank Transfers, PayPal, Skrill, Neteller, and other e-wallets |
| 💵Withdrawal Options | Bank Transfers, Credit/Debit Cards, PayPal, Skrill, Neteller, and other e-wallets |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS, cTrader, WebTrader and TradingView |
| 👩💻OS Compatibility | Windows, Mac (via emulation), Android, iOS |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes, available 24/7 |
| 📱Customer Support email address | support@fpmarkets.com |
| 📞Customer Support Contact Number | +61 2 8252 6800 (Australia) or +44 20 8068 0760 (UK) |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | English, Chinese, Arabic, and other major languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Over 100,000 affiliates |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes |
| South African Trader Specific Information | |
| Does FP Markets Accept South African Traders? | Yes |
| Is FP Markets regulated by the South African regulatory body (FSCA)? | Yes |
| Does FP Markets offer an Affiliate Program for South African Traders? | Yes |
| Does FP Markets allow opening trading accounts in ZAR (South African Rand)? | Yes |
| 👉Open Account | 👉Open Account |
FP Markets Gold Trading
FP Markets allows trading of the spot price for metals including Gold and Silver.
Traders can open a trading account with FP Markets in order to gain exposure to the available global market prices for trading gold CFDs and silver CFDs.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Forex fees are low | Stock CFD fees are high |
| Accounts can be opened fast and easy | Product portfolio are somewhat limited |
| Deposit and withdrawal processes are quickly executed | Web and desktop platform is somewhat outdated |
Our Findings
FP Markets stands out as a reliable and well-regulated forex broker, offering a wide range of trading options, including gold, through CFDs.
7. AvaTrade
AvaTrade stands as an established broker that gives traders access to gold trading through robust spread pricing and high-leverage capabilities.
Clients at AvaTrade can access gold CFDs through the MetaTrader 4 and MetaTrader 5 platforms together with AvaTrade’s proprietary trading platforms.
The brokerage operates under the approval of various governing bodies headed by the FSCA in South Africa.
Overview
| Company Information | |
| 📅Year Founded | 2006 |
| 🧑🏻💻Amount of staff | 614 |
| 👩💻Amount of active traders | 300,000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | CBI, BVI FSC, ASIC, FSCA, ADGM, FRSA, ISA |
| 🌎Country of regulation | Ireland, Australia, Japan, South Africa, Abu Dhabi, British Virgin Islands, European Union, Polish Branch. |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes, Up to €20,000 under CySEC Investor Compensation Fund (ICF) (for EU clients) | * Up to AUD$250,000 under ASIC Client Money Protection Scheme (CMPS) (for Australian clients) | |
| Account Types and Features | |
| ➕Accounts | Standard Account, Retail Islamic account, Professional account |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | AvaTrade offers copy trading (AvaSocial) but doesn't directly manage accounts. |
| 📇Minor account currencies | AUD, JPY, GBP, USD, EUR, CHF |
| 💰Minimum Deposit | $100 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-3 business days |
| 🪙Fund Withdrawal Fee | Free up to a certain amount |
| 📊Spreads from | 0.7 pips |
| 💸Commissions | No |
| 💱Number of base currencies supported | Over 50 |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 400:1 |
| 📏Margin requirements | 0.50% |
| ☪️Islamic account (swap-free) | Yes, available upon request |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 1,250+ |
| 🗠CFD Stock Indices | Major global indices (e.g., US 30, FTSE 100, DAX 30) |
| ⚖️CFD Commodities | Precious metals (gold, silver), Energy (oil, gas), Agricultural (wheat, corn) |
| 📜CFD Shares | Thousands of shares from various global exchanges (US, Europe, Asia) |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/debit cards, bank transfers, electronic wallets. |
| 💵Withdrawal Options | Must be sent via the same payment method used for deposit |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4) * MetaTrader 5 (MT5) * AvaTrade WebTrader * AvaTrade Mobile App * AvaOptions (for options trading) * DupliTrade & ZuluTrade (for copy trading) |
| 👩💻OS Compatibility | Windows, macOS, Web, Mobile (Android, iOS) |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/7 |
| 📱Customer Support email address | Online email on website |
| 📞Customer Support Contact Number | +447520644093 |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | Over 14 languages, including English, Spanish, French, German, Italian, Arabic, Russian, Portuguese |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 70 000 |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes |
| South African Trader Specific Information | |
| Does AvaTrade Accept South African Traders? | Yes, HFM accepts South African traders. |
| Is AvaTrade regulated by the South African regulatory body (FSCA)? | Yes, HFM is regulated by the South African regulatory body, the Financial Sector Conduct Authority (FSCA). |
| Does AvaTrade offer an Affiliate Program for South African Traders? | Yes, HFM offers an Affiliate Program that is likely available to South African traders. |
| Does AvaTrade allow opening trading accounts in ZAR (South African Rand)? | Yes, HFM allows opening trading accounts in ZAR (South African Rand). |
| 👉Open Account | Open Account |
AvaTrade Gold Trading
AvaTrade allows trading on gold, platinum, palladium, silver, and copper with competitive spreads. AvaTrade offers leverage of up to 200:1 and access to both MetaTrader trading platforms.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Wide range of CFDs assets to trade - 1000+ | You can’t buy stock or cryptocurrency |
| Worldwide regulated | Cryptocurrency deposit is not accepted |
| Award winner | Quarterly and annual inactivity fees |
| Multiple platform – MT4, MT5, etc | Costumer support is not available 24/7 |
| Negative balance protection | No bonus for EU based clients |
Our Findings
AvaTrade stands out as a reliable and well-regulated broker for gold trading, offering access to a range of platforms, including MetaTrader 4, MetaTrader 5, and its proprietary AvaTradeGO app.
8. FXTM
The trading experience at FXTM provides dependable approaches to gold investment alongside competitive trading spreads that offer versatile leverage options to attract novel and seasoned investors.
Min Deposit USD 200 Regulators FCA, FSC, FSCA Trading Platform MT4, MT5, FXTM Trader Crypto No Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Essentially traders who use gold CFDs gain investment opportunities through price fluctuations regardless of whether they possess ownership of physical gold.
As a well-regulated broker, the company enhances its market trustworthiness within the market.
Overview
| 🔎Broker | FXTM |
| Company Information | |
| 📅Year Founded | 2011 |
| 🧑🏻💻Amount of staff | 700+ |
| 👩💻Amount of active traders | Over 3 million |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FCA, FSCA, FSC |
| 🌎Country of regulation | UK, South Africa, Mauritius |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | ICF (Investor Compensation Fund) |
| Account Types and Features | |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes (PAMM accounts) |
| 📇Minor account currencies | USD, EUR, GBP, AUD, ZAR |
| 💰Minimum Deposit | $200 / R3709 |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-2 business days |
| 🪙Fund Withdrawal Fee | Varies by method |
| 📊Spreads from | 0.1 pips |
| 💸Commissions | From $4 per lot (on certain accounts) |
| 💱Number of base currencies supported | 7 |
| 🚀Swap Fees | Applicable |
| 📈Leverage | Up to 1:2000 |
| 📏Margin requirements | Varies based on leverage and asset |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | 0.01 seconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | 250+ |
| 🗠CFD Stock Indices | 11 |
| ⚖️CFD Commodities | 6 |
| 📜CFD Shares | 120+ |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
| 💵Withdrawal Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MT4, MT5, FXTM Trader App |
| 👩💻OS Compatibility | Windows, macOS, Android, iOS |
| 🖥️Forex trading tools | Trading signals, VPS, economic calendar |
| Customer Support | |
| 🗣️Live chat availability | Yes |
| 📱Customer Support email address | support@fxtm.com |
| 📞Customer Support Contact Number | +44 203 734 1071 |
| 👾Social media Platforms | Facebook, Twitter, Instagram, YouTube |
| 🗣️Languages supported on Website | 15+ |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Articles, tutorials, videos, webinars |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 3,000+ |
| 📋IB Program | Yes |
| 🪙Rebate program | Yes |
| 👉Open Account | 👉 Open Account |
FXTM Gold Trading
Spot Metal Trading is made available on all FXTM account types. When trading gold and silver with FXTM, investors will trade them against the price of the US Dollar.
Pros and Cons
| ✅ Pros | ❌ Cons |
| One of the best Forex Brokers worldwide | Withdrawal fee |
| Regulated by the CySEC and several other Forex authorities | High Stocks trading Spread |
Our Findings
FXTM is a solid choice for traders looking for reliability and a comprehensive trading experience.
9. Tickmill
Overall, Tickmill is competitive in terms of its trading fees and spreads.
Tickmill can be summarised as a safe and credible regulated broker with a trust score of 97 out of 99 (High Trust).
Min Deposit
USD 100
Regulators
CySEC, FCA, FSA, FSCA
Trading Platform
MT4, MT5, Tickmill Trader
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Traders can reach gold (XAU/USD) through the MetaTrader 4 and MetaTrader 5 platforms which support different leverage configurations.
FSCA regulation at Tickmill secures South African traders’ environment and enables deep liquidity which leads to efficient order execution.
Overview
| 🔎Broker | Tickmill |
| Company Information | |
| 📅Year Founded | 2014 |
| 🧑🏻💻Amount of staff | 441 |
| 👩💻Amount of active traders | Over 400 000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSA, FCA, CySEC, Labuan FSA, FSCA |
| 🌎Country of regulation | Seychelles, UK, Cyprus, Malaysia, South Africa |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Plus account and Raw account |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes |
| 📇Minor account currencies | USD, EUR, GBP, ZAR |
| 💰Minimum Deposit | $100 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Instant to 1 business day |
| 🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
| 📊Spreads from | 0.0 pips |
| 💸Commissions | Varies by account type, often commission-free |
| 💱Number of base currencies supported | 4 |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 1:1000 |
| 📏Margin requirements | 50% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes, for an additional fee |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 725 |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT) |
| 💵Withdrawal Options | Credit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT) |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), MetaTrader WebTrader, MetaTrader for Mac, Tickmill Mobile App |
| 👩💻OS Compatibility | Windows, macOS, iOS, Android |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/5 |
| 📱Customer Support email address | support@tickmill.com |
| 📞Customer Support Contact Number | South Africa: +278 7250 0696 International: +852 5808 7849 |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | 17 Languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 9000+ |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes |
| 👉Open Account | Open Account |
Tickmill Gold Trading
Tickmill aims to help its traders succeed by providing an exceptional trading experience, spreads from 0.0, access to Gold & Silver crosses, excellent execution speed, and leverage of up to 1:500.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Competitive pricing | Limited platform options |
| Well regulated | |
| High leverage |
Our Findings
Tickmill stands out as a reliable broker for trading gold, offering competitive spreads and fast execution through its advanced trading platforms like MetaTrader 4 and MetaTrader 5.
10. Plus500
Overall, Plus500 is a trusted tier 1 regulated CFD provider that offers low trading and commission fees. Plus 500 has an overall high trust score of 97 out of 99 and can be considered a low-risk.
Trading gold through the user-friendly interface of Plus500 gives traders the chance to experience competitive spreads when trading CFDs on gold.
Min Deposit USD 100 Regulators CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA Trading Platform WebTrader Crypto Yes (Availability subject to regulations) Total Pairs 70+ Islamic Account No Trading Fees Low Account Activation 24 Hours
The platform implements stop-loss orders together with other risk management tools to enable traders to manage their potential financial losses.
The company possesses regulation from leading financial bodies which ensures a secure trading space for customers.
Overview
| 🔎Broker | Plus500 |
| Company Information | |
| 📅Year Founded | 2008 |
| 🧑🏻💻Amount of staff | 569 |
| 👩💻Amount of active traders | 280,769 active users |
| 🌐Publicly Traded (Listed Company) | Yes, on the London Stock Exchange's Main Market |
| Regulation and Security | |
| 🛡️Regulation | FCA, ASIC, CySEC, MAS, FSCA |
| 🌎Country of regulation | UK, Cyprus, Australia, New Zealand, Singapore, South Africa, Israel, Seychelles, Estonia, United Arab Emirates, Japan |
| 💻Account Segregation | Yes, client funds are held in segregated bank accounts |
| 🪫Negative balance protection | Yes, in some jurisdictions |
| 🔋Investor Protection Schemes | £85k to UK, €20k to EU clients, and $0 to other clients |
| Account Types and Features | |
| ➕Accounts | Retail Account |
| 💳Institutional Accounts | No |
| 👨💼Managed Accounts | No |
| 📇Minor account currencies | EUR/JPY, AUD/JPY, and GBP/EUR |
| 💰Minimum Deposit | $100 / R1806 |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-3 business days |
| 🪙Fund Withdrawal Fee | $0 |
| 📊Spreads from | 0.8 pips |
| 💸Commissions | No commission is charged |
| 💱Number of base currencies supported | 48 |
| 🚀Swap Fees | Yes, Charged on leveraged overnight positions |
| 📈Leverage | 1:30 |
| 📏Margin requirements | Yes |
| ☪️Islamic account (swap-free) | No |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically fast (seconds) |
| 📆VPS Hosting | Not offered |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 2800 financial instruments, including Shares, Forex, Indices, Commodities, ETFs and Options. |
| 🗠CFD Stock Indices | Yes, including FTSE 100 |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Bank wires, credit/debit cards, Skrill, Neteller, and Paypal. |
| 💵Withdrawal Options | Bank wires, credit/debit cards, Skrill, Neteller, and Paypal. |
| Trading Platforms and Tools | |
| 💻Trading Platforms | User-friendly web and mobile platforms |
| 👩💻OS Compatibility | Windows, Mac, Web-based |
| 🖥️Forex trading tools | Cryptocurrencies, Forex, indices, commodities, shares, options, ETFs |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/7 |
| 📱Customer Support Online Whatsapp | Yes 24/7 |
| 📞Customer Support Contact Number | +65 6320 1111 and +65 6320 1119. |
| 👾Social media Platforms | Yes (Facebook, Twitter, etc.) |
| 🗣️Languages supported on Plus500 Website | 32 Languages |
| Educational Resources and Support | |
| 🖺Forex course | Not offered |
| 🧏♀️Webinars | Free Trading Webinars & Market Analyses |
| 📚Educational Resources | Free trading e-book, How to Videos etc. |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 40 000+ |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | BSC Young Boys Super League, Italian Serie A club Atalanta and Polish Ekstraklasa team Legia Warsaw. |
| 🪙Rebate program | Yes |
| South African Trader Specific Information | |
| Does Plus500 Accept South African Traders? | Yes, offer full-trading package to South African traders. |
| Is Plus500 regulated by the South African regulatory body (FSCA)? | Yes, it is regulated and licensed by the FSCA. |
| Do Plus500 offer an Affiliate Program for South African Traders? | Yes, It offers an Affiliate program for most regions. |
| Do Plus500 allow opening trading accounts in ZAR? | The company supports having a base account currency in ZAR. |
| 👉Open Account | Open Account (CFD Service. Your capital is at risk) |
Plus500 Gold Trading
Plus500 offers investors the opportunity to trade a variety of popular commodity CFDs with leverage. Gold, Oil, and Silver are all available on the provider’s leading trading platform.
Pros and Cons
| ✅ Pros | ❌ Cons |
| User-friendly platform | Lack of in-depth research tools |
| Listed on the London Stock Exchange | Only an average educational section |
| Low trading fees | Limited product range. Only CFD |
Our Findings
While the platform is ideal for both beginners and experienced traders, it’s important to note that Plus500 does not allow ownership of the underlying asset, as it only offers CFD trading.
Conclusion
South African forex brokers who excel at gold trading provide customers with three essential attributes spreads designed to attract traders and complete regulatory oversight and advanced trading interfaces.
AvaTrade along with Exness and HFM serve as popular gold trading options for South African traders because they provide FSCA-regulated trading platforms with minimal fees.
The platform provides enjoying options for traders of all experience levels due to its diverse array of trading instruments and stop-loss orders as well as leverage features.
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Frequently Asked Questions
What makes a Broker best suited for Gold trading?
The best gold brokers will provide tight spreads, high leverage, and competitive trading tools.
What is the best trading platform for Gold trading?
Even though a select few Brokers will make a proprietary trading platform available, for most retail traders, the best gold trading platform is MetaTrader4.
Is Gold trading profitable?
Yes. However, as with any other asset, gold trading will only be profitable in the hands of a skilled trader and will require the same amount of practice and effort to excel.
How much money will I need to trade gold in Forex?
Overall, this will depend on the account type. However, it is recommended that no less than $1,000 USD be invested in order to counter the high volatility of gold trading.
How do I trade or invest in gold?
In general, traders make use of instruments such as Contracts for Difference (CFDs) to invest in gold.
Top 4 Brokers
