5 Best Gold Trading Brokers for 2024

In this article, we will discuss about the 5 best brokers for gold trading.

What Makes a Top Gold Trading Broker?

A top gold trading broker should offer low spreads on gold and be well-regulated. Additionally, they should provide a robust trading platform, excellent customer support, fast trade execution, and other essential features for gold traders.

After considering these factors, the following are the 5 best brokers for gold trading. Each broker offers unique advantages, making them stand out in different ways.

Remember, this article is for informational purposes only, and you should always conduct research before investing.

1. Exness Broker

Exness is a great broker for gold trading, offering low fees for gold traders. Founded in 2008, Exness is headquartered in Cyprus.

This broker is regulated by several financial authorities, including the Cyprus Securities and Exchange commission (CySEC).

Exness offers four main account types for gold trading in live markets. These are Standard, Pro, Zero, and Raw Spread accounts.

The commission and spreads vary depending on the account type. For Standard and Pro accounts, there are no commissions, with spreads starting from 0.2 pips for Standard and 0.1 pips for Pro.

For those using the Zero or Raw Spread accounts, spreads start at 0 pips. The Zero account charges a commission starting at $0.05 per side per lot, whereas the Raw Spread account can charge up to $3.50 per side per lot.

The Exness broker provide traders with 3 main trading platforms. These are the MetaTrader 4, MetaTrader 5 and Exness trader app.

This broker provides a maximum leverage of up to 1:2000 for gold traders, making it suitable for high leverage gold trading.

For customer support, Exness has you covered around the clock. You can reach out to them 24/7 via phone, email, or live chat, ensuring help is always just a call or click away.

To begin trading with Exness, you only need a minimum deposit of $10 for the Standard account. For other account types, the minimum deposit requirement is $200.

The Exness broker does not accept a lot of EU clients and Oceania clients. If you are from Europe or Oceania the next 2 brokers will be more suitable for you.

If you are interested in learning more about the Exness broker, check our full review here or watch the video below.

2. Fusion Markets

Fusion Markets has rapidly established itself as a top choice for gold trading since its founding in 2017. Headquartered in Melbourne, Australia, the company is renowned for its competitive low fees, making it a favourite among traders looking for cost-effective options.

The Fusion Markets broker is regulated by several regulators, including the Australian Securities and Investment Commission (ASIC).

Fusion Markets offers four distinct account types for live trading, these are Zero Account, Classic Account and Fusion Pro Account. The Zero Account features spreads starting at 0.0 pips with a commission of $2.25 per side. Meanwhile, the Classic Account starts with spreads from 0.9 pips and carries no commission.

The Fusion Markets broker offers traders 4 main trading platforms. These are TradingView, MetaTrader 4, MetaTrader 5, and cTrader trading platform.

Fusion Markets stands out for its exceptional customer support, available 24/7. Traders can reach out for assistance via email, phone, or live chat, ensuring help is always accessible whenever needed.

This broker provides a leverage of up to 1:500 for gold traders.

To open an account with the Fusion markets broker, you don’t require a minimum deposit. If you are interested in learning more about the Fusion Markets broker, check our full review here or watch the video below.

3. BlackBull Markets

BlackBull Markets, established in 2014 and headquartered in Auckland, New Zealand, is a top choice for gold trading. Known for their reliability and exceptional trading conditions, they have quickly garnered a strong reputation in the industry.

The BlackBull markets broker is regulated by several financial authorities, including the Financial Markets Authority (FMA).

BlackBull Markets offers traders a diverse selection of trading platforms to suit various needs. These include TradingView, MetaTrader 4 and 5, cTrader, BlackBull Copy Trader, and BlackBull Invest.

BlackBull Markets offers traders three primary account types. These are ECN Standard, ECN Prime, and ECN Institutional.

The ECN Standard account provides spreads starting from 0.8 pips without any commission charges. For those opting for the ECN Prime account, spreads begin at 0.1 pips, with a commission of $6 per lot.

The ECN Institutional account offers the tightest spreads, starting from 0.0 pips, and charges a commission of $4 per lot.

Each account type is tailored to meet different trading needs, ensuring a variety of spread and commission structures to accommodate individual preferences.

When it comes to customer service, the BlackBull markets broker provides 24/7 customer support. You can contact the BlackBull markets broker through, phone, email and live chat.

The BlackBull markets broker provide traders with a leverage of up to 1:500 for gold traders.

To open an account with the BlackBull markets broker, you don’t require a minimum deposit. If you are interested in learning more about the BlackBull Markets broker, check our full review here or watch the video below.

4. AvaTrade

AvaTrade is another great broker for trading gold. AvaTrade broker was founded in Dublin, Ireland in 2006.

The Avatrade broker is regulated by multiple regulators including the Central Bank of Ireland (CBI).

The AvaTrade broker offers traders with 8 different trading platforms. Including the popular MetaTrader 4 and MetaTrader 5 trading platforms.

AvaTrade also offers a mobile trading platform call the AvaTrade Go for traders who prefer mobile trading.

AvaTrade provides reliable customer support five days a week, ensuring assistance is available when you need it. Their support team can be reached via email, phone, or WhatsApp, offering simple, straightforward, and effective solutions.

The AvaTrade broker provides traders with 2 main account types. These are the retail trader account and professional trader accounts.

For the retail account, the AvaTrade broker does not charge a commission and the spreads are around 0.9 pips for the Major currency pairs.

The maximum leverage provided by the AvaTrade broker is up to 1:400 for gold traders.

To start trading with the AvaTrade broker, you require a minimum deposit of $100. If you are interested in learning more about the AvaTrade broker, check our full review here or watch the video below.

5. Pepperstone

The Pepperstone broker is also another great broker for gold trading. This broker was founded in 2010 in Melbourne, Australia.

The Pepperstone broker is regulated by several financial regulators, including the Australian Securities and Investment Commission (ASIC).

Pepperstone offers traders a diverse range of account types, with the Standard and Razor accounts being the most popular choices. In addition to these, they provide Islamic, Professional, and Premium accounts to meet various trading requirements and preferences.

The Pepperstone broker offers traders 5 main trading platforms. These are MetaTrader 4, MetaTrader 5, TradingView, cTrader and the Pepperstone trading platform.

This broker provides traders with 24/7 customer support. Traders can contact the Pepperstone broker through email, phone, WhatsApp and live chat.

Pepperstone offers a maximum leverage of 1:30 for gold trading for retail clients. Professional clients, however, can access higher leverage of up to 1:500.

To open an account with Pepperstone broker you do not require a minimum deposit.

Our Evaluation Methodology

We assess brokers through a comprehensive rating system that involves examining more than 100 data points across key categories. Our approach includes the following:

1. Trust and Regulation – We verify each broker’s regulatory status and licenses to ensure they operate under the supervision of credible financial authorities, ideally tier 1 regulators.
2. Cost Analysis – We scrutinise trading fees and compare them against industry standards by setting up and trading within live accounts.
3. Platform Performance – We evaluate the trading platforms’ functionality, user interface, and available tools by conducting hands-on testing.
4. Instrument Availability – We assess the diversity and range of tradable assets offered by each broker.
5. Customer Service – We test the accessibility and competence of customer support by reaching out via various channels.
6. Transaction Methods – We review the deposit and withdrawal options, focusing on fees and processing times.
7. Account Variety – We analyze the different account types, considering their features, minimum deposit requirements, and execution methods.
8. Educational Resources – We examine the quality and breadth of educational materials provided to help traders improve their knowledge and skills.

Conclusion

In this article, we talked about 5 different brokers that are great for traders in Ireland. All these brokers are regulated and provide great features for traders in Ireland.