6 Best Forex Brokers to Trade Gold in the USA
The 6 Best Gold Trading USA Forex Brokers – Rated and Reviewed. We have listed the Best Gold Trading Forex Brokers for US Clients.
In this in-depth guide, you will learn:
- The Best US-regulated Gold Trading Forex Brokers – a List
- The Best Gold Investment Platform, Apps, and Strategy
- What is Spot Trading?
- Low Spread XAU USD Forex Broker
- The Best Forex Broker for Beginner gold traders.
- The Best Forex Broker with a Low Minimum Deposit
- The Best Forex Broker with a Free Welcome Bonus
and much, MUCH more!
6 Best Forex Brokers to Trade Gold – a Comparison
| 🔎 Broker | 🚀 Open an Account | 🪙 Gold Trading | 💴 Min. Deposit |
| 🥇Plus500 | 👉 Click Here | ✅Yes | 100 USD |
| 🥈IG | 👉 Click Here | ✅Yes | 50 USD |
| 🥉Interactive Brokers | 👉 Click Here | ✅Yes | None |
| 🏅Forex.com | 👉 Click Here | ✅Yes | 50 USD |
| 🎖️OANDA | 👉 Click Here | ✅Yes | None |
| 🥇eToro | 👉 Click Here | ✅Yes | 10 USD |
6 Best Forex Brokers to Trade Gold in the USA(2024)
- ☑️ Plus500 – Overall, the Best Forex Broker to trade Gold.
- ☑️ IG – Best Online Trading Experience for US clients.
- ☑️ Interactive Brokers – Best Proprietary Offering.
- ☑️ Forex.com – High US User Trust Score.
- ☑️ OANDA – Best Mobile Trading Experience for gold trading.
- ☑️ eToro – Low USD Minimum Deposit.
Plus500
Plus500 is a highly regulated and trusted Forex and CFD Brokerage. Regulations by renowned and trusted agencies include ASIC, FSCA, FCA, CySEC, FSA Seychelles, and, MAS. In addition, it is registered as a Futures Commodity Merchant (FCM) with the US Commodity Futures Trading Commission (CFTC).
A Single Trading Account is partnered with a Proprietary Trading platform. Moreover, Traders can select to invest in a variety of popular commodity CFDs, including Gold, Oil, and, Silver.
| 🔎 Broker | 🥇 Plus500 |
| 📌 Year Founded | 2008 |
| 👤 Amount of staff | 1,000+ |
| 👥 Amount of active traders | Over 400,000 active traders (as of the latest reports) |
| 📍 Publicly Traded | Yes, listed on the London Stock Exchange (LSE: PLUS) |
| 🛡️ Regulation and Security | Very High |
| ⭐ Regulation | FCA CySEC ASIC MAS FSA EFSA DFSA CFTC |
| 🌎 Country of regulation | UK Australia Cyprus New Zealand |
| 1️⃣ Suited to Professionals | ✅Yes |
| 2️⃣ Suited to Active Traders | ✅Yes |
| 3️⃣ Suited to Beginners | ✅Yes |
| 🥰 Most notable Benefit | Wide range of tradable instruments (CFDs on forex, stocks, commodities, indices, etc.), competitive spreads, user-friendly platform |
| 🥺 Most Notable Disadvantage | Limited educational resources for beginners, lack of fundamental analysis tools |
| 🔃 Account Segregation | Client funds are kept in segregated accounts |
| 🔋 Investor Protection Schemes | Client funds are protected under the Financial Services Compensation Scheme (FSCS) in the UK, and other local protection schemes |
| ⚙️ Account Types and Features | Real Account Demo Account |
| 💴 Minor account currencies | USD, EUR, GBP, and other major currencies available for trading; minor currencies not as widespread |
| 💶 Minimum Deposit | $100 (or equivalent in other currencies) |
| ⏰ Average deposit processing time | Instant (depending on payment method) |
| ⏲️ Average withdrawal processing time | 1-3 business days |
| 💵 Fund Withdrawal Fee | No withdrawal fees for most methods |
| 💷 Spreads from | 0.8 pips (depending on the market conditions) |
| 💳 Commissions | No commissions spreads only |
| 🪙 Number of base currencies | 7 (USD, EUR, GBP, AUD, JPY, CHF, and CAD) |
| 💰 Swap Fees | Applicable swap fees/overnight financing |
| ↪️ Leverage | varies by instrument (Trading with leverage comes with a high risk and may not be suitable for everyone.) |
| ➡️ Margin requirements | Varies by asset class typically between 2% to 5% |
| ☪️ Islamic account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⌚ Order Execution Time | 1-2 seconds |
| 📈 Total CFDs Offered | Over 2,000+ |
| 📉 CFD Stock Indices | ✅Yes |
| 🌽 CFD Commodities | ✅Yes |
| 📊 CFD Shares | ✅Yes |
| 💹 Deposit Options | Credit/debit cards bank transfer PayPal Skrill Neteller e-wallets |
| 💱 Withdrawal Options | Credit/debit cards bank transfer PayPal Skrill Neteller e-wallets |
| 🖥️ Trading Platforms | Plus500 WebTrader, Plus500 Mobile App +INSIGHTS |
| 💻 OS Compatibility | WebTrader (browser based), iOS, Android |
| 🖱️ Forex trading tools | Basic charting tools, risk management tools (stop-loss, take profit), no advanced trading tools like MetaTrader4/5 |
| 🩷 Customer Support | Responsive |
| 🐦 Social Media Platforms | Facebook YouTube |
| 🗯️ Languages supported | English, Spanish, German, French, Italian, Portuguese, Dutch, Chinese, and other languages |
| 🎓 Forex course | No comprehensive course; limited resources |
| ✏️ Webinars | Limited availability |
| 📔 Educational Resources | Basic tutorials and guides |
| 🫰🏻 Affiliate program | ✅Yes |
| 🫶 Amount of partners | Hundreds of affiliate partners globally |
| 🤝 IB Program | ✅Yes |
| 🎉 Sponsor | Legia Warsaw Chicago Bulls BSC Young Boys |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| The Plus500 platform does not have a high learning curve like other platforms | Plus500 does not offer MetaTrader or any other third-party platforms |
| Plus500’s demo account is ideal for testing trading strategies and practicing trading | There are high CFD fees because of wider, marked-up spreads |
| Plus500 works on a spread-only basis, free from commission fees | There is a 0.7% currency conversion fee |
Our Insights
The Benefits of Commodities Trading with Plus500 include access to step-by-step guides. Moreover, access to dedicated customer support is available.
IG
IG is a well-established Forex and CFD Provider with a diverse range of financial products. In addition, licenses and regulations include the FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, and, the BMA. Moreover, it is governed by the CFTC and NFA, legally accepting US Clients.
Several Trading Accounts are offered, including a CFD/DMA Trading Option and an Options Trading Account. In addition, traders can:
- Trade Gold Spot Options
- Speculate on Gold Future
- Gain access to Low Gold Spreads
and much more!
| 🔎 Broker | 🥇 IG |
| 📌 Year Founded | 1974 |
| 👤 Amount of Staff | 2,000+ |
| 👥 Amount of Active Traders | 300,000+ |
| 📍 Publicly Traded | ✅Yes |
| 🛡️Regulation | FCA, ASIC, CFTC, NFA, BaFin |
| 🌎 Country of Regulation | UK, Australia, US, Germany |
| ↪️ Account Segregation | ✅Yes |
| ⭐ Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | USD, EUR, GBP |
| 💶 Minimum Deposit | $250 |
| ⏰ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💷 Fund Withdrawal Fee | None |
| 📈 Spreads from | 0.6 pips |
| 📉 Commissions | None |
| 💰 Number of Base Currencies Supported | 5 |
| 📊 Swap Fees | Applicable |
| ⚙️ Leverage | Up to 1:30 (Retail) |
| 🔖 Margin Requirements | Varies by asset |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⏲️ Order Execution Time | 0.1 seconds |
| 🖱️ VPS Hosting | ✅Yes |
| ✔️CFDs Total | 17,000+ |
| 📌 CFD Stock Indices | 80+ |
| 🍎 CFD Commodities | 30+ |
| 📍 CFD Shares | 12,000+ |
| 💴 Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill |
| 💶 Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill |
| 🖥️ Trading Platforms | MetaTrader 4, ProRealTime, L2 Dealer, IG Trading Platform |
| 💻 OS Compatibility | Windows, MacOS, Android, iOS |
| 📐 Forex Trading Tools | Economic calendar, Autochartist, Trading signals |
| 🥰 Live Chat Availability | ✅Yes |
| 💌 Customer Support Email | ✅Yes |
| ☎️ Customer Support Contact Number | ✅Yes |
| 💙 Social Media Platforms | Facebook, Twitter, LinkedIn |
| ✏️ Languages Supported | Multiple languages |
| 📔 Forex Course | ✅Yes |
| 📚 Webinars | ✅Yes |
| 📒 Educational Resources | Articles, Videos, Tutorials |
| 📑 Affiliate Program | ✅Yes |
| 🗃️ Amount of Partners | Not specified |
| 🗄️ IB Program | ✅Yes |
| 📇 Notable Events or Teams | ✅Yes |
| 🪙 Rebate Program | ✅Yes |
| 💴 Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Access to over 17,000 instruments across markets | Limitations on customer support hours |
| Investing opportunities for high-volume traders | Inactivity fees apply |
| Several advanced Trading platforms | IG is not available in all regions |
Our Insights
IG offers access to the Global Markets with Reliable execution via intuitive, highly responsive platforms and apps.
Interactive Brokers
Interactive Brokers is a leading Forex and CFD service provider licensed by nine Tier-1 Regulators. In addition, it is a registered US Broker dealer, governed by the Exchange Act. Accounts available include IBKR Lite and IBKR Pro. Moreover, no minimum deposit is required to register.
IBKR Clients will be able to trade US Spot Gold with other asset classes. Moreover, this can be done with a single trading platform. Additional Trading Platforms offered are IBKR Trader WorkStation, Desktop, GlobalTrader, Client Portal, APIs, and, IBKR Impact.
Furthermore, Mobile Trading is Supported.
| ✅ Pros | ❌ Cons |
| Low commissions and fees | Intimidating Platform |
| Excellent educational materials | Complex tiered pricing plans |
| Reliable trade execution | Lacking Customer Support |
Pros and Cons
| 🔎 Broker | 🥇 Interactive Brokers |
| 💴 Min. Deposit | None |
| 💶 Inactivity Fee | None |
| 📈 Tradable Assets | Forex, Metals, Futures, ETFs |
| 🪙 Crypto Trading | ✅Yes |
| 📉 MT4 / MT5 | None |
| 📊 Proprietary Platforms | ✅Yes |
| 📲 Mobile App | ✅Yes |
| 🤝 Customer Support | 24/7 |
| ✏️ Education | ✅Yes |
| 📍 Account Types | IBKR Pro and Lite |
| 🚀Open an Account | 👉 Click Here |
Our Insights
The benefits of investing in Gold with IBKR include efficient pricing in Small Quantities (as low as 1 Ounce), and, Low, Transparent Commissions.
Forex.com
Forex.com is an institutional-grade financial services provider, with regulations including the CFTC and the NFA. Account types include:
- Spread Only Account
- Raw Pricing Account
- MT4 Account
- MT5 Account
- Corporate Account
The minimum deposit required is 50 USD. In addition, Gold and Silver can be traded to diversify investments and hedge against inflation. Moreover, accounts can be paired with WebTrader, TradingView, MetaTrader 4, and, MetaTrader 5. Furthermore, Mobile Trading is supported.
| 🔎 Broker | 🥇Forex.com |
| 💰 Min. Deposit | $100 USD |
| 📈 Spreads from | 0.1 |
| 📉 Commissions | ✅ Yes |
| 💴 Inactivity Fee | ✅ Yes |
| 💶 Deposit Fee | ✅ Yes - Third-Party |
| 💵 Withdrawal Fee | ✅ Yes - Third-Party |
| 💻 Trading Platforms | MT4, MT5, Proprietary |
| 🆓 Demo Account | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Low Forex Fees | Limited to Forex and CFDs |
| Variety of Currency Pairs | High Stock CFD fees |
| Diverse technical tools | Not user friendly |
Our Insights
The Benefits of Gold and Silver Trading with Forex.com include access to the TradingView advanced chart, deep liquidity, and, tight pricing.
OANDA
OANDA is a well-established Forex and CFD Broker with a solid reputation. Moreover, it is regulated by several Tier-1 entities, including the CFTC and NFA. In addition, the comprehensive live trading account selection includes Standard, Core, Swap-Free, Premium, and, Premium Core Options.
Furthermore, no minimum deposit is required upon registration. Trading instruments and Products include Precious metals such as gold, silver, and, a gold/silver cross. Supported Trading platforms include Proprietary Mobile/Web Platforms, TradingView, and, MetaTrader 4.
| 🔎 Broker | 🥇 OANDA |
| 💶 Minimum Deposit | None |
| 📌 Account Types | Standard, Elite Trader |
| 🆓 Demo Account | ✅Yes |
| 🎁 Bonus Offers | ✅Yes |
| ✏️ Education | ✅Yes |
| 📲 Mobile Trading | ✅Yes |
| 🖱️ Trading Platform | MetaTrader 4 |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Great trading platforms | Only FX and CFD available for most clients |
| Outstanding research tools | Lacking Customer Support |
| Low trading fees | Inactivity fee |
Our Insights
Broker Highlights of trading with OANDA include competitive spreads for gold, silver, and the gold/silver cross.
eToro
eToro is a well-established social investment and multi-asset broker. Regulations by trusted agencies include CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, and, the SIPC. Moreover, the Company has offices located in the United States and Cyprus.
In addition, Spot Gold can be traded via a Proprietary Live Account and Award-winning Trading Platform. The Minimum deposit required for registration is 10 USD.
| 🔎 Broker | 🥇 eToro |
| 📈 Regulation and Licenses | CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC |
| 📉 Ease of Use | 5/5 |
| 📊 Support Hours | 24/5 |
| 💻 Trading Platforms | eToro platform |
| 💹 Account Types | Standard Retail Account |
| 💴 Base Currencies | USD |
| 🅰️ Spreads | From 1 pip EUR/USD |
| 🅱️ Leverage | 1:400 (eToro Seychelles Ltd) |
| 💶 Currency Pairs | 55; minor, major, exotic pairs |
| 💳 Minimum Deposit | From 10 USD (US) |
| 🚫 Inactivity Fee | 10 USD after 12 months of inactivity |
| 📌 Website Languages | English, Italian, German, etc. |
| 🤝 Affiliate Program | ✅Yes |
| 📉 Hedging | ✅Yes |
| 📊 Trading Instruments | Forex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Social trading | Withdrawal Fee |
| Low trading fees | Inactivity fee |
| User-friendly Platform | Conversion fees |
Our Insights
The Benefits of Commodities trading with eToro include a How-to Guide plus an Overview of the Risks involved.
What to look for in the Forex Brokers’ Gold offering?
Generally, Forex and CFD Brokers will offer spot Gold (XAU/USD) which reflects the live price in the Cash market. In addition, Gold may also be provided against other currencies, including XAU/AUD, XAU/GBP, or, XAY/EUR. On occasion, investors will be able to trade gold against crypto, for example, BIT/XAU.
Moreover, CFDs on Gold Futures and Gold Options, or, Gold related ETFs can be made available.
In Conclusion
Several Trusted and highly regulated Forex Brokers offer Gold as an investment option to Clients in the United States.
Our Insights
While reviewing the Best Forex Brokers that offer Gold Trading, we found 6 excellent options. In addition, each broker has its distinct list of Benefits, ranging from multiple account types and multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.
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Faq
Several top strategies include placing stop-losses below the previous low swing or combining a selection of strategies.
The Spot Market is not a physical location; a professional bullion dealer will buy and sell gold on the Spot Market for a more-or-less immediate settlement.
Plus500 is registered as a Futures Commodity Merchant (FCM) with the US Commodity Futures Trading Commission (CFTC).
The Minimum deposit to Register an IG account is 50 USD.
Several Base currencies are accepted, including USD, AUD, and, CAD.
The Forex.com minimum deposit is 50 USD.
24/5 Customer Support is available.
A Fee of 10 USD is Charged after 12 Months of account inactivity.
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