All Share (J203) = 88 342
Rand / Dollar = 18.58
Rand / Pound = 23.35
Rand / Euro = 19.33
Gold (usd/oz) = 2 928.65
Platinum (usd/oz) = 969.20
Brent (usd/barrel) = 76.29
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

10 Best Gold Trading Forex Brokers

Gold Trading Broker Banner

 

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 TradingIn 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📈 LeverageOpen an Account
📍 HFM✅ Yes$0 USD1:2000👉 Click Here
🥇 XTB☑️ Yes$0 USD1:500👉 Click Here
🥈 BDSwiss✅ Yes$100 USD1:500👉 Click Here
🥉 Exness☑️ Yes$10 USD1:1000👉 Click Here
🏅 FBS✅ Yes$1 USD1:3000👉 Click Here
📌 FP Markets☑️ Yes$100 USD1:500👉 Click Here
📍 AvaTrade✅ Yes$100 USD1:400👉 Click Here
📌 FXTM☑️ Yes$10 USD1:2000👉 Click Here
📍 Tickmill✅ Yes$100 USD1:500👉 Click Here
📌 Plus500☑️ Yes$100 USD1:30👉 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

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

CySEC, FCA, FSA, FSCA

$100

#5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#6

CySEC, ASIC, FSA, BVI, FSCA

$25

#7

ASIC, CySEC, FSA, SCB

$200

#8

ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

#9

FCA, CySEC, FSCA, SCB

$100

#10

FSCA, FSC, ASIC, CySEC, DFSA

$5

#1

4.8/5

User Score

#2

4.7/5

User Score

#3

4.7/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.0/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.5/5

User Score

#10

4.9/5

User Score

 

 

10 Best Forex Brokers for Gold Trading (2025)

 

  1. HFM – Best Gold Trading Account
  2. XTB – Overall, Best Broker for Gold Trading
  3. BDSwiss – Low Trading Fee Gold Broker
  4. Exness – Best Online Trading Experience
  5. FBS – Top Gold Broker for Beginners
  6. FP Markets – Best All-Around Gold Broker
  7. AvaTrade – High-Level Regulation
  8. FXTM – High Floating Leverage + Fast Execution
  9. Tickmill – High User Trust Score
  10. Plus500 – World-Class Gold Trading Platform

 

HFM Review

 

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
📝 RegulatorsFSCA, CySEC, FCA, DFSA, FSA, CMA
₿ CryptoYes
📌 Total Pairs50+
☪️ Islamic AccountYes
💳 Trading Fees0
🚀 Open an Account👉 Click Here

 

HFM Overview

 

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 Gold Trading

 

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 1:2000Fees applicable when the account has been unused
Fast execution: Quick trades with low delaysBonus restrictions: Bonuses vary by region
Strong regulation: FCA, FSCA, CySEC, DFSA, FSATransparency 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 Review

 

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 RequiredNone
🛑 Inactivity Fee$10 USD / R160 ZAR
🆓 Demo Account✅ Yes
🔁 Spreads from0.1
📌 CommissionsPro Account
🎉 Sign Up Bonus✅ Yes
🔘Products OfferedForex, CFDs on indices, shares, commodities, cryptocurrencies
👨‍💼Account TypesStandard, Pro, and XTB Zero accounts
💻Trading PlatformsXTB Trader, MetaTrader 4, MetaTrader 5
⚖️RegulationRegulated by multiple authorities including the UK's FCA, Cyprus' CySEC, and Poland's KNF
📚Educational ResourcesWebinars, market analysis, educational materials
📞Customer Support24/7
📍FocusUser-friendly platform, competitive spreads, range of trading instruments
📌Important NoteCFDs are complex instruments and carry a high risk of losing money rapidly due to leverage.
🎉 Sign Up BonusYes
📈 CFD Markets1500+
💰 Cash BackYes
🚀 Open an Account👉 Click Here

 

XTB Landing Page

 

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 Gold Trading

 

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 regionsFees on stock CFDs can be higher compared to some competitors
xStation 5 and MetaTrader 4 (MT4) for various trader levelsFewer account options compared to some brokers
Offers comprehensive training materials and market analysisDoes not offer MT5 platform, which some traders may prefer
Reliable and fast order execution with no dealing desk interventionLacks promotional bonuses or incentives
Accessible to beginners as no minimum deposit is requiredCharges an inactivity fee after 12 months of no trading activity
Offers Forex, commodities, indices, stocks, and cryptocurrency CFDsMarket research tools, though solid, are less comprehensive than some competitors
Provides multilingual customer support via live chat, email, and phoneRegulated regions have lower leverage limits, particularly in Europe
Ensures that clients cannot lose more than their account balanceCharges 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 Review

 

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
📌 RegulationFSC, FSA
☪️ Islamic account (swap-free)☑️ Yes
👍 Demo Account✅ Yes
✴️Institutional Accounts☑️ Yes
📊 Managed Accounts✅ Yes
📈 Maximum LeverageUp to 1:500
💰 Minimum Deposit$10 USD
💰Bonus OptionsNo
🚀 Open an Account👉 Click Here

 

BDSwiss Landing Page

 

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 Gold Trading

 

BDSwiss Pros and Cons

 

✅ Pros❌ Cons
MetaTrader 4 and 5 are availableRelatively high minimum deposit
BDSwiss provides useful educational resources as well as market analysisAs 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 Review

 

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
📝 RegulationMultiple
💻 Trading DeskMarket Maker, NDD
🎉 Sign Up BonusNone
➖ Min. Deposit from$10 USD
🔁 Spreads from0.1 Pips
➕ Max Leverage1:2000
💳 CommissionYes
🛑 Inactivity FeeNo
🚀 Open an Account👉 Click Here

 

Exness Overview

 

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 Gold

 

Exness Pros and Cons

 

✔️ Pros❌ Cons
24/7 Customer SupportLimited Trading Instruments
Instant DepositWithdrawal Fees
Huge LeverageETF 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

Total Pairs

97

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

FBS Review ZAR

 

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
📌 RegulationIFCS
☪️ Islamic account ☑️ Yes
👍 Demo Account✅ Yes
📊 Institutional AccountsNo
📊 Managed AccountsNo
📈 Maximum Leverage1:3000
💰 Minimum Deposit$1 USD
🚀 Open an Account👉 Click Here

 

FBS Overview

 

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 Gold Trading

 

FBS Pros and Cons

 

✅ Pros❌ Cons
Low stock and stock index CFD feesSlim product portfolio
No inactivity feeLimited account base currencies
Fast account openingLimited Investor Protection

 

Overall Rating

Min Deposit

USD $5

Regulators

FSC, ASIC, CySEC

Trading Platform

MT4, MT5, FBS App

Crypto

Yes

Over 27 000 000+ Traders

Total Pairs

550+

Islamic Account

Yes

Trading Fees

Low

Account Activation

Instant

 

FPMarkets Review

 

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
📌 RegulationCySEC, ASIC
☪️ Islamic account ✅ Yes
👍 Demo Account✅ Yes
📊 Institutional AccountsNo
📊 Managed AccountsNo
📈 Maximum Leverage1:400
💰 Minimum Deposit$100 USD
Open an Account👉 Click Here

 

FP Markets

 

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 Gold

 

FP Markets Pros and Cons

 

✅ Pros❌ Cons
Forex fees are lowStock CFD fees are high
Accounts can be opened fast and easyProduct portfolio are somewhat limited
Deposit and withdrawal processes are quickly executedWeb 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 review

 

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
📜 RegulationASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
💳 Minimum deposit$100 USD / R1816 ZAR
🚀Bonus✅ Yes
🔥Trust Score94%
🔥Live support24/5
📱 MetaTrader 4 (MT4)✅ Yes
📱 MetaTrader 5 (MT5)✅ Yes
📊Trading Islamic Account✅ Yes
📊CFDs - Total Offered1,200 CFDs
💰 Spreads0,9 pips
💰 Withdrawal fee amountZero
💰 Trading fees classVery Low
✔️ Scalping Allowed✅ Yes
📈Products OfferedForex, Stocks (CFDs), Commodities (CFDs), Indices (CFDs), Cryptocurrencies (CFDs)
👥Account TypesVarious, including standard accounts, demo accounts, Islamic accounts, and professional accounts (depending on regulation)
📚Educational ResourcesWebinars, articles, tutorials
📍 FocusUser-friendly platform for beginners and experienced traders
☎️Customer SupportMultiple languages offered
📌Important NoteAvaTrade does not offer direct trading on the Volatility 75 Index (VIX).
🚀 Open a account👉 Click Here

 

Avatrade Overview

 

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 Gold

 

AvaTrade Pros and Cons

 

✅ Pros❌ Cons
Wide range of CFDs assets to trade - 1000+You can’t buy stock or cryptocurrency
Worldwide regulatedCryptocurrency deposit is not accepted
Award winnerQuarterly and annual inactivity fees
Multiple platform – MT4, MT5, etcCostumer support is not available 24/7
Negative balance protectionNo bonus for EU based clients

 

 

ForexTime Review ( FXTM )

 

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

 

🔎 BrokerFXTM
📌 RegulationFSCA, FSC, CySEC,
☪️ Islamic Account Yes
🆓 Demo AccountYes
📍 Institutional AccountsYes
📊 Managed AccountsYes
📈 Maximum Leverage1:2000
💰 Minimum Deposit$200
📌 Open an AccountOpen Account

 

FXTM Overview

 

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 Gold Trading

 

FXTM Pros and Cons

 

✅ Pros❌ Cons
One of the best Forex Brokers worldwideWithdrawal fee
Regulated by the CySEC and several other Forex authoritiesHigh 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 Review

 

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

 

🔎BrokerTickmill
💰 Minimum DepositUSD 100
🌐 RegulatorsCySEC, FCA, FSA, FSCA, Labuan FSA
📱 Trading DeskMetaTrader 4, MetaTrader 5
₿ Crypto✔️ Yes
📈 Total Pairs62
☪️ Islamic Account✔️ Yes
📊 Trading FeesLow
🕒 Account Activation Time24 Hours
🚀 Open an Account 👉 Open Account

 

Tickmill Account Overview

 

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 Gold Trading

 

Tickmill Pros and Cons

 

✅ Pros❌ Cons
Competitive pricingLimited 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 Review South Africa

 

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 from0.8 Pips
📊 Leverage 1:30
💱 Currency Pairs60+
📈 ScalpingNone
📉 HedgingNone
🔘Products OfferedStock Indices, Forex Currency Pairs, Commodities, Cryptocurrencies, Volatility 75 Index (VIX) CFD
👥Account TypesLive Trading Account
💻Trading PlatformsPlus500 platform
⚖️RegulationCySEC, FCA, MAS, FSA, ASIC, FMA, FSCA
📙Educational ResourcesWebinars, articles, tutorials
☎️Customer SupportMultiple languages offered
📍FocusUser-friendly platform for CFD trading.
📌Important NoteCFDs 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 Overview

 

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 Gold Trading

 

Plus500 Pros and Cons

 

✅ Pros❌ Cons
User-friendly platformLack of in-depth research tools
Listed on the London Stock ExchangeOnly an average educational section
Low trading feesLimited 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.

 

4.7/5 - (26 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

April 3, 2023

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

Accordion Content

🏆 Top 4 Brokers

Account Minimum

$100

Pairs Offered

55+

Account Minimum

$1

Pairs Offered

240+

Account Minimum

$100

Pairs Offered

70+

Account Minimum

$0

Pairs Offered

50+

AvaTrade-Logo

Account Minimum

$15

Exclusive to SAShares Clients

Account Minimum

$1

Account Minimum

$100

Account Minimum

$0