Gold broker recommendations

why do you want to leave IC Markets? Anyhow, Fxview can be an option. also, fxpro is good.

davemack posted:
@momo3HC I also look for these three qualities plus lower costs while choosing a broker and Turnkeyforex seems like a good one so far. I am also testing CedarFx these days. I like their initiative of tree planting, let’s see how it goes with them.

Yep, CedarFX are very promising.

So far, from my own experience, I can advise a broker from Amarkets. This option seems to me very interesting and profitable.

Sometimes I trade on gold or XAUUSD, I use FXOpen broker that is now confirmed as the best ECN broker-based company news, spread trading on gold is low.

Research more and you can get many broker with XAU/USD pair(Gold))

Can check Coinexx, I find their spreads and commissions very low.

shortant posted:
Can check Coinexx, I find their spreads and commissions very low.

yep, it's good one
there are quite much brokers

check spreads and commissions

Due to the war, the prices also seem to be affected, and I would like to know which broker is the best to trade with tighter spreads and is regulated.

Beginning traders often ask us how to choose a good broker. In this regard, a few tips.

Choose a good, big broker in your country. In case of a legal dispute you always have a chance.

The best are big brokers from USA, France, UK, Germany, Denmark, Switzerland - countries with strong financial regulations. Big brokers from Australia and Japan are also OK. I would avoid small countries, usually their financial regulations are worse and their execution is problematic. Definitely avoid brokers from unregulated countries.

Avoid brokers from tax havens and faraway countries. In case of a legal dispute - you will lose the case with a very high probability.

Many times I have heard stories about how brokers from tax havens disappear with clients’ money. This was, is and will be the case as long as they find clients willing to deposit money to an unknown company. Do not!

You should choose the best, big brokers with good reputation, from countries with good financial regulations and efficient law enforcement agencies. There are a lot of good brokers out there, there really is something to choose from and there is no point in taking any chances. Don’t just go by price/commissions!

If you still have any doubts add an additional condition - the broker must have been in business for more than 10 years. In well-regulated countries you can check whether the company has existed, for how long and what it does. For example, in UK the FCA regulates companies in the financial field.

That’s it, should help in most cases.

Everyone is into gold trading since the war between Ukraine and Russia has affected the price of gold. I suggest using FP Markets since their spreads on gold are averaging at 0.0 pips even in the EURUSD currency pair.

For gold trading: It is better to trade with a regulated broker like XM or FP Markets. Especially with gold, FP Markets spreads are lower, averaging at 0.0 pips.

https://www.wikifx.com/en/wikifxranking.html
I found a ranking of traders on this site. Can someone tell me if this ranking is real?

I have had good experience trading commodities including gold with turnkeyforex, solid conditions.

For gold trading brokers, I recommend FP Markets more than any other broker because in gold, FP Markets spreads are the lowest, averaging at 0.0 pips for most parts of the trade.

I do agree with a few members here that finding a good broker to trade with is a bit hard since the cost is either higher or the spreads are bad.

Which is why I have moved from my previous broker to FP Markets currency and have been using it for two months. The spreads in gold are lower when compared to most brokers and the commission costs are lowest at $3 per lot.

Alfvin posted:

shortant posted:
Can check Coinexx, I find their spreads and commissions very low.

yep, it's good one
there are quite much brokers

check spreads and commissions

Yes there are some other good options when it comes to low spread brokers, but I haven’t found any with low commission as well, coinexx commissions are quite low only, $2 rt.

XM is the best broker and you must try it once.

'I recommend trading with FP Markets for gold because their spreads and commission costs are some of the lowest when compared to other brokers.

The spreads began at 0.0 pips with a commission cost of $6 per turn lot.'

I recommend using IC Markets or FP Markets since their spreads are lower for gold trading when compared to most brokers, especially FP Markets spreads for gold trading begin at 0.0pips and are stable when the market conditions are volatile.