Gold broker recommendations

Jun 05, 2021 at 11:28
2,358 Views
42 Replies
Member Since Mar 18, 2022   48 posts
Mar 29, 2022 at 13:40
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.
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Member Since Feb 10, 2022   2 posts
Apr 15, 2022 at 09:13
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?
Member Since Oct 29, 2021   70 posts
Apr 15, 2022 at 13:15
I have had good experience trading commodities including gold with turnkeyforex, solid conditions.
Member Since May 31, 2021   56 posts
Apr 18, 2022 at 08:33
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.
Member Since Nov 02, 2021   73 posts
Apr 26, 2022 at 08:16
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.
Member Since Aug 10, 2021   178 posts
May 11, 2022 at 01:00
XM is the best broker and you must try it once.
Member Since Jan 14, 2021   57 posts
May 20, 2022 at 08:29
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.
Member Since Oct 27, 2020   18 posts
May 20, 2022 at 09:51
Many forex brokers allow gold trading, so you should check the spreads and commission fee before choosing any broker as those vary from broker to broker.
Member Since Feb 16, 2022   63 posts
May 27, 2022 at 06:48
In my trading experience, I saw that traders mostly suffer from unregulated trading brokers. Authentic broker choosing is one of the toughest jobs and traders mostly fail to do it nicely. Most of the scam brokers stay in disguise leaving it hard to choose a broker. ECN brokers are the best for trading nicely and for other facilities.
Member Since Oct 20, 2018   300 posts
May 30, 2022 at 20:58
Tilokvarma posted:
In my trading experience, I saw that traders mostly suffer from unregulated trading brokers.
You're very wrong mate.
momchil_slavov@
Member Since Mar 11, 2022   38 posts
Jun 02, 2022 at 13:08
For gold trading, you can consider fxview, avatrade, xtb and xm.
Member Since May 29, 2022   39 posts
Jun 03, 2022 at 00:43
Research yourself and you can find your best broker.
Member Since Apr 14, 2022   3 posts
Jun 11, 2022 at 09:52
It's critical to find a reputable and trustworthy broker. IS always considers high leverage, low spreads, minimum deposits, decent customer service, withdrawal processing speed, and other factors while choosing a broker.
Member Since Apr 03, 2021   470 posts
Jun 12, 2022 at 23:51
Gold trading is a big challenge because high volatility market, choose a broker with a low spread is matters for the benefits of trading, in addition when we already profitable, the withdrawal process must be smoothly processed.
Member Since May 29, 2022   39 posts
Jun 13, 2022 at 00:35
There are many, choose one of them according to your strategy and trading style.
Member Since Jan 11, 2022   45 posts
Jun 22, 2022 at 12:44
You should look for brokers with thin spreads and fast trade executions. Here are a few options you can consider for gold trading- TurnkeyForex, FXChoice, SuperForex, and Lmfx. They offer low commissions as well.
Member Since Dec 04, 2020   9 posts
Jun 23, 2022 at 06:37
im using Fortune Prime Global. one of the lowest spreads broker on the market. max LVR = 500:1
Member Since May 20, 2022   1 posts
Jun 23, 2022 at 09:13
I use the services of IC Markets for real gold trading and consider their conditions to be the best, now I have added a real account with Alpari and so far everything suits me.
Member Since Feb 02, 2021   38 posts
Jul 04, 2022 at 08:17
One should also invest in physical gold, good value for money.
Member Since Mar 24, 2022   56 posts
Jul 05, 2022 at 08:01
I’m trading xauusd with aaafx and xtb, both have good trading conditions.
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