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.
and much, much more!
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, or shares, and exchange-traded funds (ETFs).
10 Best Forex Brokers for Gold Trading – A Comparison
🔎 Broker | 🪙 Gold Trading | 💰 Minimum Deposit | 📈 Leverage | Open an Account |
📍 HFM | ✅ Yes | $0 USD | 1:2000 | 👉 Click Here |
🥇 XTB | ☑️ Yes | $0 USD | 1:500 | 👉 Click Here |
🥈 BDSwiss | ✅ Yes | $100 USD | 1:500 | 👉 Click Here |
🥉 Exness | ☑️ Yes | $10 USD | 1:1000 | 👉 Click Here |
🏅 FBS | ✅ Yes | $1 USD | 1:3000 | 👉 Click Here |
📌 FP Markets | ☑️ Yes | $100 USD | 1:500 | 👉 Click Here |
📍 AvaTrade | ✅ Yes | $100 USD | 1:400 | 👉 Click Here |
📌 FXTM | ☑️ Yes | $10 USD | 1:2000 | 👉 Click Here |
📍 Tickmill | ✅ Yes | $100 USD | 1:500 | 👉 Click Here |
📌 Plus500 | ☑️ Yes | $100 USD | 1:30 | 👉 Click Here (CFD Service. Your capital is at risk) |
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
10 Best Forex Brokers for Gold Trading (2025)
- HFM – Best Gold Trading Account
- XTB – Overall, 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
HFM
Overall, HFM can be summarised as a trustworthy and safe broker with 24/5 educational support. HFM is regulated by Tier 1 and Tier 2 Trading Bodies. HFM has a high trust score of 90 out of 99.
HFM Overview
🔎 Broker | 🥇 HFM |
💰 Min. Deposit | $0 USD |
📝 Regulators | FSCA, CySEC, FCA, DFSA, FSA, CMA |
₿ Crypto | Yes |
📌 Total Pairs | 50+ |
☪️ Islamic Account | Yes |
💳 Trading Fees | 0 |
🚀 Open an Account | 👉 Click Here |
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.
HFM 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, CySEC, DFSA, FSA | Transparency on fees: Some fees are less clear, depending on account and region |
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
XTB
Overall, XTB can be summarised as a trustworthy broker with a reputable reputation that provides Contracts for Difference (CFDs) and trading facilities on shares, forex, commodities, cryptocurrencies, ETFs, options, indices, and user-friendly trading conditions to a global market.
XTB Overview
🔎 Broker | 🥇 XTB |
💰 Min. Deposit Required | None |
🛑 Inactivity Fee | $10 USD / R160 ZAR |
🆓 Demo Account | ✅ Yes |
🔁 Spreads from | 0.1 |
📌 Commissions | Pro Account |
🎉 Sign Up Bonus | ✅ Yes |
🔘Products Offered | Forex, CFDs on indices, shares, commodities, cryptocurrencies |
👨💼Account Types | Standard, Pro, and XTB Zero accounts |
💻Trading Platforms | XTB Trader, MetaTrader 4, MetaTrader 5 |
⚖️Regulation | Regulated by multiple authorities including the UK's FCA, Cyprus' CySEC, and Poland's KNF |
📚Educational Resources | Webinars, market analysis, educational materials |
📞Customer Support | 24/7 |
📍Focus | User-friendly platform, competitive spreads, range of trading instruments |
📌Important Note | CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. |
🎉 Sign Up Bonus | Yes |
📈 CFD Markets | 1500+ |
💰 Cash Back | Yes |
🚀 Open an Account | 👉 Click Here |
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, Tablet & smartphones.
XTB 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 |
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
BDSwiss
Overall, BDSwiss can be considered well established, low-risk regulated market maker/STP broker. BDSwiss has more than 1.5 million registered accounts with 55+ million trades executed per year. BDSwiss has a trust score of 91 out of 100.
BDSwiss Overview
🔎 Broker | 🥇 BDSwiss |
📌 Regulation | FSC, FSA |
☪️ Islamic account (swap-free) | ☑️ Yes |
👍 Demo Account | ✅ Yes |
✴️Institutional Accounts | ☑️ Yes |
📊 Managed Accounts | ✅ Yes |
📈 Maximum Leverage | Up to 1:500 |
💰 Minimum Deposit | $10 USD |
💰Bonus Options | No |
🚀 Open an Account | 👉 Click Here |
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.
BDSwiss 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 |
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
Exness
Overall, Exness can be summarised as a trustworthy and regulated broker that is very competitive in terms of its trading fees (against major currency pairs). The spread is also very low and offers a sign-up bonus for 1st-time traders.
Exness Overview
🔎 Broker | 🥇 Exness |
📝 Regulation | Multiple |
💻 Trading Desk | Market Maker, NDD |
🎉 Sign Up Bonus | None |
➖ Min. Deposit from | $10 USD |
🔁 Spreads from | 0.1 Pips |
➕ Max Leverage | 1:2000 |
💳 Commission | Yes |
🛑 Inactivity Fee | No |
🚀 Open an Account | 👉 Click Here |
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.
Exness Pros and Cons
✔️ Pros | ❌ Cons |
24/7 Customer Support | Limited Trading Instruments |
Instant Deposit | Withdrawal Fees |
Huge Leverage | ETF CFD trading is not available. |
Min Deposit USD 10 Regulators CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA Trading Platform MT4, MT5, WebTerminal, Exness Terminal Crypto Yes
FBS
Overall, FBS can be summarised as a trustworthy and credible broker that is very competitive in terms of its trading fees (against major currency pairs). FBS is considered low-risk with a brag-worthy volume per month traded on their platform.
FBS Overview
🔎 Broker | 🥇 FBS |
💰 Bonus | ☑️ Yes |
📌 Regulation | IFCS |
☪️ Islamic account | ☑️ Yes |
👍 Demo Account | ✅ Yes |
📊 Institutional Accounts | No |
📊 Managed Accounts | No |
📈 Maximum Leverage | 1:3000 |
💰 Minimum Deposit | $1 USD |
🚀 Open an Account | 👉 Click Here |
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.
FBS 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 |
Min Deposit
USD $5
Regulators
FSC, ASIC, CySEC
Trading Platform
MT4, MT5, FBS App
Crypto
Yes
Over 27 000 000+ Traders
FP Markets
Overall, FP Markets is considered a low-risk and can be summarized as trustworthy and reliable. FP Markets is fully licensed and regulated by the Securities Commission of the Bahamas (SCB). FP Markets is currently ranked #13 out of 992.
FP Markets Overview
🔎 Broker | 🥇 FP Markets |
📌 Regulation | CySEC, ASIC |
☪️ Islamic account | ✅ Yes |
👍 Demo Account | ✅ Yes |
📊 Institutional Accounts | No |
📊 Managed Accounts | No |
📈 Maximum Leverage | 1:400 |
💰 Minimum Deposit | $100 USD |
Open an Account | 👉 Click Here |
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.
FP Markets 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 |
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
AvaTrade
Overall, Avatrade can be summarised as a safe and trustworthy broker with a user-friendly copy trading platform. Avatrade is licensed by the FSCA. Avatrade offers 0% commission on trades and has an overall trust rating of 94 out of 99.
AvaTrade Overview
🔎 Broker | 🥇 AvaTrade |
📜 Regulation | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA |
💳 Minimum deposit | $100 USD / R1816 ZAR |
🚀Bonus | ✅ Yes |
🔥Trust Score | 94% |
🔥Live support | 24/5 |
📱 MetaTrader 4 (MT4) | ✅ Yes |
📱 MetaTrader 5 (MT5) | ✅ Yes |
📊Trading Islamic Account | ✅ Yes |
📊CFDs - Total Offered | 1,200 CFDs |
💰 Spreads | 0,9 pips |
💰 Withdrawal fee amount | Zero |
💰 Trading fees class | Very Low |
✔️ Scalping Allowed | ✅ Yes |
📈Products Offered | Forex, Stocks (CFDs), Commodities (CFDs), Indices (CFDs), Cryptocurrencies (CFDs) |
👥Account Types | Various, including standard accounts, demo accounts, Islamic accounts, and professional accounts (depending on regulation) |
📚Educational Resources | Webinars, articles, tutorials |
📍 Focus | User-friendly platform for beginners and experienced traders |
☎️Customer Support | Multiple languages offered |
📌Important Note | AvaTrade does not offer direct trading on the Volatility 75 Index (VIX). |
🚀 Open a account | 👉 Click Here |
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.
AvaTrade 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 |
FXTM
Overall, FXTM can be summarised as a credible and trusted broker that is very competitive in terms of its trading fees (against major currency pairs) and offer daily trading webinars. Their spread is also very low and is considered a low-risk trading environment. FXTM is considered safe as the FCA regulates it.
FXTM Overview
🔎 Broker | FXTM |
📌 Regulation | FSCA, FSC, CySEC, |
☪️ Islamic Account | Yes |
🆓 Demo Account | Yes |
📍 Institutional Accounts | Yes |
📊 Managed Accounts | Yes |
📈 Maximum Leverage | 1:2000 |
💰 Minimum Deposit | $200 |
📌 Open an 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.
FXTM 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 |
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
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).
Tickmill Overview
🔎Broker | Tickmill |
💰 Minimum Deposit | USD 100 |
🌐 Regulators | CySEC, FCA, FSA, FSCA, Labuan FSA |
📱 Trading Desk | MetaTrader 4, MetaTrader 5 |
₿ Crypto | ✔️ Yes |
📈 Total Pairs | 62 |
☪️ Islamic Account | ✔️ Yes |
📊 Trading Fees | Low |
🕒 Account Activation Time | 24 Hours |
🚀 Open an 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.
Tickmill Pros and Cons
✅ Pros | ❌ Cons |
Competitive pricing | Limited platform options |
Well regulated | |
High leverage |
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
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.
Plus500 Overview
🔎 CFD Provider | 🥇 Plus500 |
💴 Minimum Deposit | $100 USD / R1816 ZAR |
💳 Demo Account | ✅Yes |
💶 Spreads from | 0.8 Pips |
📊 Leverage | 1:30 |
💱 Currency Pairs | 60+ |
📈 Scalping | None |
📉 Hedging | None |
🔘Products Offered | Stock Indices, Forex Currency Pairs, Commodities, Cryptocurrencies, Volatility 75 Index (VIX) CFD |
👥Account Types | Live Trading Account |
💻Trading Platforms | Plus500 platform |
⚖️Regulation | CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA |
📙Educational Resources | Webinars, articles, tutorials |
☎️Customer Support | Multiple languages offered |
📍Focus | User-friendly platform for CFD trading. |
📌Important Note | CFDs are complex instruments and carry the risk of losing more than your initial deposit due to leverage. It's crucial to understand the risks involved before trading CFDs. |
🚀 Open an 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 providers leading trading platform.
Plus500 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 |
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
Conclusion
👉 Now it is your turn to participate:
➡️ Which Gold Broker from this list do you intend to test out?
➡️ What was the determining factor in your decision to engage with a certain broker?
➡️ Was it because of the Impressive Spot Metal Selection or the Pros and Cons?
👉 Regardless, please share your thoughts in the comments below.
You might also like: XTB Review
You might also like: BDSwiss Review
You might also like: Exness Review
You might also like: FBS Review
You might also like: FP Markets Review
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 is 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) in order to invest in gold.
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