Precious metal Forex Brokers offer investors unique inflationary protection. They have inherent value, carry no credit risk, and cannot be inflated. Precious metals are rare, naturally occurring metallic chemical elements of high economic value. Chemically, precious metals are known to be less reactive than most elements and are usually ductile and have a high luster.
10 Best Precious Metal Forex Brokers Revealed (2025):
- ☑️ AvaTrade
- ☑️ IG
- ☑️ EasyMarkets
- FP Markets
- Forex Time (FXTM)
- Alpari
- Saxo Bank
- eToro
- Forex.com
- City Index
Precious metals offer investors unique inflationary protection—they have inherent value, carry no credit risk, and cannot be inflated.
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
AvaTrade
AvaTrade is an online broker which was founded in 2006 and offers Forex, CFDs, Spread Betting, and Social Trading and is a global broker with its head office situated in The British Virgin Islands. AvaTrade is regulated in Europe, the British Virgin Islands, Australia, Japan, and South Africa by ASIC, CySEC, and FCA.
AvaTrade Pros and Cons
| ✅ Pros | ❌ Cons |
| Well-regulated | US clients are not accepted |
| Multiple awards won over the years | |
| Tight spreads and zero commissions | |
| Powerful trading platforms |
Those who are looking to start out with AvaTrade will need a minimum deposit of $250 and a demo account is available for those who want to get acquainted with the popular MT4 forex trading platform. AvaTrade also offers mobile apps for Android and iOS.
AvaTrade trading benefits
| 📊 Trading Features | 🔣 Accounts offered | 💰 Funding methods |
|---|---|---|
| Allows scalping | Demo account | Credit cards |
| Allows hedging | Micro account | Bank Transfer |
| Low min deposit | Mini account | PayPal |
| Standard account | Skrill | |
| Islamic account | Payoneer | |
| Neteller |
Customer support is available by email, phone, or live chat.
IG
Min Deposit
USD 0
Regulators
FCA, BaFin, FINMA, DFSA, MAS, ASIC, FSCA
Trading Platform
MT4
Crypto
Yes
Total Pairs
80
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
IG Group was founded in 1974 and is regulated by the Financial Conduct Authority (FCA) in the U.K. and the Australian Securities and Investment Commission (ASIC) in Australia.
IG Pros and Cons
| ✅ Pros | ❌ Cons |
| Used by 180,000+ traders | Inactivity Fee |
| Established in 1974 | Limited range of instruments |
The country of a trader’s residency will determine which account type they can open. In most countries, they will only be able to trade forex, CFDs, and options. Traders can choose between two trading platforms, IG’s proprietary trading platform or MetaTrader 4.
IG trading benefits
| 📊 Trading Features | 🔣 Accounts offered | 💰 Funding methods |
| Allows scalping | Demo account | Credit cards |
| Allows hedging | Mini account | Bank Transfer |
| Offers STP | Standard account | PayPal |
| Low min deposit | Payoneer | |
| Guaranteed stop loss |
Customer Service is available 24/7 via Phone, Live Chat, and Email.
EasyMarkets
Min Deposit
USD 25
Regulators
CySEC, ASIC, BVI, FSA, FSCA
Trading Platform
MT4, Proprietary Platform, MT5 and TradingView
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
EasyMarkets is one of the most popular choices for Beginners and is regulated by CSEC (Cyprus) and ASIC (Australia) and offers beginner forex traders:
- Enhanced risk management tools as standard
- Fixed spreads on all forex pairings
- An easy-to-use forex trading platform
EasyMarkets Pros and Cons
| ✅ Pros | ❌ Cons |
| Fixed spread accounts offered | Forex spreads start from 1 pip |
| Commission-free trading | Variable spread accounts are not offered |
| easyMarkets app provided | |
| Negative balance protection provided on retail accounts |
The available trading platforms offered are MT4 and the EasyMarkets web platform.
EasyMarkets trading benefits
| 📊 Trading Features | 🔣 Accounts offered | 💰 Funding methods |
| Allows scalping | Demo account | Credit cards |
| Allows hedging | Micro account | Bank Transfer |
| Low min deposit | Mini account | Payoneer |
| Guaranteed stop loss | Standard account | Neteller |
| Offers Negative Balance Protection | Islamic account |
Customer Support is available 24/5 via various chat channels, email, phone, and web forms.
FP Markets
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
FP Markets is a global, online broker regulated by the Australian ASIC and the Cypriot CySEC which was founded in 2005 and offer Forex trading and has a head office situated in Australia. When starting off with FP Markets traders will need to make a minimum deposit of $100 and a demo account is on offer with a wide variety of instruments and currency pairs on offer.
Over 100 instruments and over 60 currency pairs in total is on offer, on the popular MT4 forex trading platform. FP Markets also offers traders mobile apps for Android and iOS.
FP Markets Pros and Cons
| ✔️ Pros | ❌ Cons |
| Great Educational tools | Limited portfolio |
| Great Customer Service | Web Platform needs to be updated a bit |
| Large Product offering | High fee for international bank withdrawal |
| Easy and quick account opening | |
FP Markets Trading benefits
| 📊 Trading Features | 🔣 Accounts offered | 💰 Funding methods |
| Allows scalping | Mini account | Bank Transfer |
| Allows hedging | Standard account | Credit/Debit |
| Offers STP | ECN account | Electronic Wallets |
| Low min deposit | STP account | |
| Offers Negative Balance Protection | Managed account |
All accounts support a wide range of languages including English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish, Indonesian, Thai, Malay, German, and Vietnamese.
Customer Service is available via email, phone, and live chat.
Forex Time (FXTM)
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
FXTM or ForexTime was founded in 2011 and is a registered brand name of Exinity Limited, regulated by the Financial Services Commission of Mauritius with license number C113012295. FXTM offers users seven different account types where the execution method, range of markets, available platform, and commissions and fees may vary. Three accounts are offered under the Standard category. Forex Time (FXTM) is a MetaTrader broker which offers forex and CFD traders multiple account options for both MT4 and MT5 platforms.
FXTM Pros and Cons
| ✅ Pros | ❌ Cons |
| Great customer Service | Inactivity and withdrawal fees |
| Strong Educational tools for the beginner trader | High CFD fees |
| Fast account opening | Limited product range |
FXTM provides research in the form of daily technical and fundamental news analysis provided by an in-house team of analysts.
FXTM trading benefits
| 📊 Trading Features | 🔣 Accounts offered | 💰 Funding methods |
| Allows scalping | Demo account | Credit cards |
| Allows hedging | Micro account | Bank Transfer |
| Offers STP | Mini account | Payoneer |
| Low min deposit | Standard account | Neteller |
| Offers Negative Balance Protection | Zero spread account | |
| ECN account | ||
| Islamic account |
Customer Service is available by phone, email, and online chat options – WhatsApp, live chat, Viber, Telegram, or Messenger.
Alpari
Min Deposit
USD 5
Regulators
FSC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Alpari with its long-standing brand history, numerous offices, range of account types, and diverse managed account offerings is the perfect choice for Forex and CFD traders who are looking to leverage the power of MetaTrader platforms. Alpari is regulated by the FSC.
Alpari Pros and Cons
| ✔️ Pros | ❌ Cons |
| Transparent | Limited Research Tools |
| Suitable to all trader types | |
| No Deposit Fees |
Alpari integrates research content from several third-party providers under its Forex Analytics section and is a MetaTrader-only broker. The native versions of the mobile app for MetaTrader 4 and MetaTrader 5 are available for Android and iOS devices straight from the developer.
Alpari trading benefits
| 📊 Trading Features | 🔣 Accounts offered | 💰 Funding methods |
| 250 tradable assets | Micro account | Wire Transfer |
| PAMM Accounts | Standard account | Credit/Debit card |
| ECN account | E-Wallets | |
| Pro MT4 account | Cryptocurrency |
Customer Service is available via live chat, email, and phone service.
Saxo Bank
Min Deposit
USD 0
Regulators
FCA, FINMA, FSA, ASIC
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
160+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Saxo is a globally regulated, multi-asset class broker which offers traders the option to trade on more than 40,000 instruments covering Forex, CFDs, Stocks, Options, ETFs, Commodities, Futures, Bonds, and Mutual Funds from a single account across multiple platforms including their own – SaxoTraderGO and professional-grade SaxoTraderPRO.
Saxo Bank Pros and Cons
| ✅ Pros | ❌ Cons |
| Segregates client funds | Doesn’t allow hedging |
| Established in 2012 | Limited range of instruments |
| Regulated by Financial Conduct Authority | Not ASIC Regulated |
| Minimum deposit from $6,500 |
The Saxo Group is regulated in 15 jurisdictions including authorization from the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Financial Services Agency of Japan (FSA), and many more.
Saxo Bank trading benefits
| 📊 Trading Features | 🔣 Accounts offered | 💰 Funding methods |
| Allows scalping | Demo account | Credit cards |
| Offers STP | Mini account | Bank Transfer |
| Low minimum deposit | Standard account | Payoneer |
| ECN account |
Customer support is available in nearly 30 different languages via phone, email, and an FAQ section.
eToro
Min Deposit
USD 50 in *certain countries
Regulators
FCA, ASIC, CySEC
Trading Platform
Proprietary WebTrader
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.
eToro is an online broker which was founded in 2006 and offers CFDs and Social Trading, with a head office based in Cyprus, UK. eToro is supervised by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies, and has been in operation for over 14 years.
eToro Pros and Cons
| ✅ Pros | ❌ Cons |
| Well-regulated by top market regulators | US clients not accepted |
| Client funds kept in segregated accounts | MetaTrader not provided |
| Commission-free trading | Scalping and hedging are not allowed |
| Traders can buy fractional shares | Inactivity fee charged after a year |
eToro offers traders two ways to trade: CFDs, Social Trading and eToro traders will need to make a minimum deposit of $200 and the platform can accommodate various levels of traders from beginner to expert. Traders can trade in a wide variety of over 100 instruments and over 50 currency pairs on eToro’s user-friendly custom trading platform which is available as a browser-based web application. eToro also offers traders mobile apps for Android and iOS, making it easier to keep an eye on and execute trades.
eToro Trading Benefits
| 📊 Trading Features | 🔣 Accounts offered | 💰 Funding methods |
| Offers STP | Demo account | Credit cards |
| Low min deposit | Micro account | Bank Transfer |
| Mini account | PayPal | |
| Standard account | Skrill | |
| Islamic account | Payoneer | |
| Neteller |
eToro supports a wide range of languages including English, German, Spanish, French, and Italian. 24/6 customer support is available via telephone and support ticket.
Forex.com
Min Deposit
USD 100
Regulators
CIMA
Trading Platform
MT4, MT5, Proprietary Platform
Crypto
No
Total Pairs
91
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Forex.com is a platform that can be used for trading foreign currencies and precious metals. Traders can trade over 80 currency pairs as well as silver and gold.
Forex.com Pros and Cons
| ✔️ Pros | ❌ Cons |
| Segregates client funds | Doesn’t offer VPS |
| Established in 1999 | Not ASIC Regulated |
| Regulated by FCA | |
| Min. deposit from ZAR 800 |
To open a live trading account, traders will need a minimum deposit of at least $50.
Forex.com trading benefits
| 📊 Trading Features | 🔣 Accounts offered | 💰 Funding methods |
| Allows scalping | Demo account | Credit cards |
| Allows hedging | Mini account | Bank Transfer |
| Offers STP | Standard account | |
| Low min deposit | ECN account | |
| Islamic account |
Customer support is available by phone, live chat, or email 24 hours a day during market hours.
City Index
Min Deposit
USD 0
Regulators
FCA
Trading Platform
MT4, WebTrader
Crypto
Yes
Total Pairs
84
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
City Index is a Spread Betting, CFD, and Forex trading broker which is regulated by the UK Financial Conduct Authority (FCA). City Index offers traders the ability to trade on 12,000+ instruments covering Indices, Shares, Forex, Cryptos, and Commodities, all on the MetaTrader 4 platform, the broker’s own proprietary, web-based HTML 5 trading platform, or the AT Pro desktop download.
City Index Pros and Cons
| ✔️ Pros | ❌ Cons |
| Used by 140,000+ traders | Doesn’t allow scalping |
| Established in 1983 | Inactivity Fee |
| Regulated by FCA, ASIC, and MAS | Limited range of instruments |
| Minimum deposit from ZAR 400 |
City Index trading benefits
| 📊 Trading Features | 🔣 Accounts offered | 💰 Funding methods |
| Offers STP | Demo account | Credit cards |
| Allows hedging | Mini account | Bank Transfer |
| Guaranteed stop loss | Micro account | Payoneer |
| Low min deposit | Standard account | |
| Managed account |
Customer support is available 24/5 via Live Chat, Telephone, Email, and an Online Contact Form.
List of precious metals
Gold
Gold is unique for its durability as it does not rust or corrode. Gold is malleable and able to conduct both heat and electricity which makes it suitable for industrial applications such as dentistry and electronics. More commonly, Gold is best known as a base for jewelry or a form of currency. The value of gold is determined by the market 24 hours a day, seven days a week and it trades mainly as a function of sentiment. Its price is less affected by the laws of supply and demand as the new mine supply is infinitely outweighed by the size of above-ground, accumulated gold. Simply put, when gold collectors feel like selling, the price will drop. On the other hand, when they want to buy, a new supply is quickly absorbed and gold prices are driven higher.
Silver
Unlike gold, the price of silver will swing between its role as an industrial metal and its perceived role as a store of value. Therefore, price fluctuations in the silver market will be more volatile than in gold.
Platinum
Similar to gold and silver, platinum is traded 24/7 on the global commodities market. Platinum often fetches a higher price (per troy ounce) than gold during routine periods of market and political stability, quite simply because it is a much rarer find. In truth, far less Platinum is actually pulled from the ground annually.
Palladium
The Lesser-known of the metals is palladium. Palladium may be lesser-known but it offers multiple industrial uses. Palladium is a silvery, shiny metal used in numerous types of manufacturing processes, including electronics and industrial products. Palladium can also be used in dentistry, medicine, chemical applications, jewelry, and groundwater treatment, to name but a few. The majority of the world’s Palladium supply comes from mines located in the United States, Russia, South Africa, and Canada.
Conclusion
Many Forex Traders see precious metals as both a good investment and effective means of diversifying a portfolio. However, investors should know their goals and understand the risks involved before they get started.
Top 4 Brokers
