HERE IS A LIST OF FOREX BROKERS THAT HAVE TIGHT SPREADS ON GOLD
Gold (XAUUSD) Lowest Spread Brokers
Gold has been one of the most popular commodities among investors for decades upon decades. Since the advent of online trading, many brokers integrated gold trading alongside other global markets. Notably, its fame is mainly due to its perceived stability, potential for appreciation, and its role as a hedge against inflation. It is often considered a safe-haven asset to hedge against market fluctuations. When trading gold, one of the most critical factors to consider is the spread. A lower spread can significantly impact an investor’s profitability, especially if they are a high-frequency trader. In this review, we will look some of the Gold's (XAUUSD) lowest spread brokers in the world. We will also look at the broker’s regulations, other market products, and the trading platforms available to use.
When researching the spreads of different brokers, it is recommended to look at both the minimum and average spreads. This is because average spreads are often a better representation of what market conditions traders can expect. Additionally, spreads on broker sites may change over time. As such, it is advisable to regularly visit the official sites of the brokers to get the most up-to-date information. The information below is not intended for traders from EEA countries as leverage on Gold in these jurisdictions differs. And now, here are some of the lowest gold (XAUUSD) spread brokers.
Best Gold Lowest Spread Brokers
XM.com
XM is known for its low spreads on gold and also offers a variety of other products for traders to invest in. On the XM broker site, traders can access a wide range of market products totalling over 1,000 different assets. These include CFDs on forex, indices, energies, shares, cryptocurrencies, and precious metals. Among the precious metals that investors can trade is Gold as a CFD which comes with competitively low spreads. The spreads start from as low as 0.27 points (=2.7 pips).
To place orders, traders have two main options for trading platforms. The available trading platforms are MetaTrader 4 and MetaTrader 5. The MetaTrader platforms are widely popular among traders for their fast execution and advanced functionalities. Finally, this broker has regulations from a variety of financial watchdogs which include the ASIC in Australia, the CySEC in Cyprus, and the DFSA in the DIFC, among others.
Exness
Exness offers gold for trading as a CFD with very competitive spreads across its various accounts. The standard and standard cent accounts feature average spreads of $2.0 (20 pips) on XAUUSD without any commission. In contrast, the Pro account offers lower spreads averaging 12.5 pips, also with no commission on this pair. Additionally, the Raw Spread account features average spreads of 6.2 pips, plus a commission of $3.5 per side per lot when trading gold. Lastly, the Zero account offers spreads as low as 0.0 pips, with a commission of $8 per side per lot.
Positively, Exness stands out as the only broker on this list that offers swap-free gold trading across all its accounts. This makes it an excellent choice for investors who plan to hold their gold positions for an extended period.
When it comes to other assets, traders can significantly diversify their portfolios with Exness. They can trade CFDs on a wide range of instruments, including forex, stocks, indices, metals, energies, and cryptocurrencies. The available trading platforms include MT4, MT5, and the Exness Terminal, as well as mobile apps for convenient trading on the go.
As with all our reviews, we prioritize examining a company's regulatory status. Exness is regulated by several authorities worldwide, including the FCA in the UK, CySEC in Cyprus, FSCA in South Africa, and CMA in Kenya, among others.
HFM
HFM provides competitive XAUUSD spreads across all account types. The Premium and Cent accounts offer spreads starting at 25 pips, while the Pro account begins at 16 pips. In regions where the top-up bonus account is available, spreads for gold start at 26 pips. Finally, the Zero account offers spreads for the XAUUSD pair starting as low as 3.0 pips.
Traders can select from MetaTrader 4, MetaTrader 5, or the HFM Platform to execute their trades. These platforms give traders access to a wide range of market instruments totalling more than 1,000 assets. These include CFDs on forex, energies, indices, stocks, commodities, bonds, ETFs, and cryptocurrencies. Gold is also available as a CFD on this broker site.
Knowing the importance of trading with regulated brokers, let’s take a look at how this broker is supervised. The broker is regulated by several bodies, including the CySEC, the FCA, the CMA, and the FSCA.
Pepperstone
Another broker that features low spreads on gold is Pepperstone. On this broker's platform, the minimum spread for the XAUSD pair is just $0.5 (=5.0 pips), which is exceptionally low. Additionally, this pair also offers a low average spread of $1.5. Traders can choose from five different platforms to trade Gold CFDs alongside other assets on the Pepperstone site. These include MetaTrader 4, MetaTrader 5, cTrader, TradingView, and Pepperstone Trading Platform.
Regarding regulations, Pepperstone has made itself a name for having exceptional regulations by various organisations. These include the FCA in the UK, the ASIC in Australia, the CySEC in Cyprus, the BaFin in Germany, and the DFSA in the DIFC, among others.
On another good note, traders can trade a variety of other assets besides gold. Particularly, traders have the option to trade CFDs on a variety of assets including forex, indices, commodities, cryptocurrencies, and ETFs. Altogether, the broker provides access to over 1,200 different CFDs.
FP Markets
FP Markets is widely regarded as one of the lowest gold spread brokers. Gold is available to trade on this broker as a CFD with spreads as low as 0.21 points (=2.1 pips) on the standard account with no commission required. On its raw account, the broker offers spreads as low as 0.02 points with an average of 0.07 points.
Beyond gold, the FP Markets site offers a diverse array of other metals, such as silver, lead, palladium, zinc, and copper. On top of that, there are other assets available to trade including forex currency pairs alongside CFDs on indices, stocks, commodities, and ETFs. This means that traders can broaden their investment as they wish. For executing trades, the trading platforms available include MetaTrader 4, MetaTrader 5, TradingView, Iress, and cTrader.
On another positive note, this broker has regulations from several regulators around the world. These include the ASIC in Australia, the CySEC in Cyprus, and the FSCA in South Africa, among others.
XTB
XTB is another quality broker that offers gold trading with some of the lowest spreads in the market. With this broker, gold can be traded against the US Dollar with spreads starting as low as 0.3 points (=3.0 pips). Trading gold on the XTB site incurs no commission fees. Gold is available to trade as a CFD alongside a deep collection of other market products.
Particularly, XTB allows its clients to trade CFDs on forex, commodities, indices, cryptocurrencies, equities, and ETFs. XTB offers traders an in-house trading platform with an intuitive interface, xStation 5. Additionally, XTB's regulatory credentials are impressive. It has oversight from several global authorities such as the FCA in the UK, the KNF in Poland, CySEC in Cyprus, and the FSC in Belize.
FXTM
Trading Forex and CFDs entail risk.
Your capital is at risk.
OctaFX is a well-known broker that offers gold trading as a CFD with competitive spreads. The broker boasts a spread as low as $1.9 (19 pips) when trading gold with no commission charged. Notably, the broker promises traders no spread markups when trading.
The broker enables its traders to diversify their portfolios by investing in a wide range of assets. Specifically, traders can access currency pairs, stock CFDs, indices, commodities, and cryptocurrencies. These market products are accessible through various trading platforms, such as MetaTrader 4, MetaTrader 5, and OctaTrader.
On another note, the broker has regulations from two regulators. These include the CySEC in Cyprus and the FSCA in South Africa.
AvaTrade
Trading Forex and CFDs entail risk.
Your capital is at risk.
Finally, we have AvaTrade. This broker holds regulatory licenses from the Central Bank of Ireland, the CySEC, the FSCA, and the ASIC, among other organizations. This multi-organisational regulatory structure is one of the reasons why AvaTrade is one of the popular brokers for trading gold.
Moreover, AvaTrade avails gold for trading with some of the lowest spreads in the market. Gold is available to trade as a CFD with a spread as low as $0.27 over the market. Alongside gold, traders have access to a variety of other market products. These include CFDs on forex, bonds, stocks, indices, commodities, ETFs, and cryptocurrencies. The trading platforms available to use include MetaTrader 4, MetaTrader 5, and AvaTradeGO. In addition to these platforms, the broker also supports copy trading via the AvaSocial trading app, DupliTrade, and ZuluTrade.
When it comes to trading gold (XAUUSD), choosing a broker with low spreads can significantly enhance profitability. As one of the most popular assets among online traders, there are plenty of brokers that offer gold trading. In this review, we highlighted several brokers that stand out for their competitive spreads on gold, each offering unique advantages.
Positively, they all have stellar regulations, have advanced trading platforms, and allow gold traders to diversify their portfolios. Nonetheless, selecting the right broker depends on individual trading needs. As such, traders need to do their own research to find the broker that best suits them.