Company

Spread

for Gold

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details
CFDs are leveraged products and can result in the loss of your capital. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Trading Metals

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose
For Trading Metals?

scored best in our review of the top brokers for trading metals, which takes into account 120+ factors across eight categories. Here are some areas where scored highly in:

  • + years in business
  • Offers + instruments
  • A range of platform inc.
  • 24/7 customer service
  • Tight spreads from pips
  • Used by 0+ traders
  • Offers demo account
  • 0 languages
  • Leverage up to

offers one way to trade: . If you wanted to trade GOLD through copy trading or other means, skip to part two.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

have a trust score, which is . This is largely down to them being regulated by , segregating client funds, being established for over years, and much more. For comparison:

Trust Score comparsion

Trust Score
Year Established
Regulated by
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who is (& Isn’t)
Suitable For

As mentioned, allows you to trade in one way: .

Suitable for:

  • Spread Betting
  • CFD Trading
  • Forex Trading
  • Social Trading

Not Suitable for:

To trade with , you'll need a minimum deposit of $. offers a range of different account types for different traders including a , .

Finally, isn't available in the following countries: . They do not offer islamic accounts either.

Part 3

A Comparison of vs. vs.


Want to see how stacks up against and ? We've compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Fixed Spreads
Variable Spreads
EUR/USD Spread
GBP/USD Spread
Gold spreads from
Silver spreads from
Copper spreads from
Crude Oil spreads from
Natural gas spreads from
DAX Spread
FTSE 100 Spread
S&P500 Spread

Comparison of account & trading features

Spread type Fixed
EUR/USD Spread
EUR/GBP Spread
Crude Oil Spread
Gold Spread Private Private Private
DAX Spread

Part 4

Trading Gold, Silver and other metals online.

Popular Broker For Trading Metals

London Capital Group is a UK broker that offers over 5,000 asset classes for traders. They offer CFD and Spread betting services which allow individuals to trade a wide selection of precious and non precious metals. Some of the metal products available to trade with London Capital Group include:

Metal *Minimum Spread: Margin Rate From: Guarateed Stop Charge:
Gold 0.6 0.5% 0.4
Silver 4 1% 6
High Grade Copper 40 1% 60

*All information collected from https://www.lcg.com/uk/, see website for full terms and conditions. Your capital is at risk. Last updated on January 26, 2017.

Commodities Trading of Precious and Non-Precious Metals

Gold is one of most the popular and most regularly traded metal commodity today. Over $27.5 billion of gold was cleared at the London Bullion Market in November 2016 alone.

Metals are popular commodities for traders because of the liquidity provided by the amount of activity from the constant demand for metals around the world. Several different metals may be traded on the commodity markets and the more popular ones include gold, silver, platinum, and industrial metals such as zinc, copper, lead, tin, aluminium, steel, nickel, molybdenum and others.

There are two main categories of metals which are:

  • Precious metals such as gold and silver are used in the production of jewellery and in the manufacturing of electronics.
  • Non-precious metals are used for industrial building processes.

History of Precious and Non-Precious Metal Trading

Metals were first used by prehistoric settlers to make weapons and tools. Prior to making tools and weapons with metals, stone was the common raw material and this continued between 10,000 and 4500 BC. By 6000 BC gold was discovered and it because popular because of its scarcity as well as its great value. It was used to make items of jewellery. Copper was discovered by 4200 BC and was also used to make weapons. Silver came on the scene in 4000 BC and was used as currency in the Roman and Chinese Empires. Other metals such as lead, bronze, tin, iron, mercury, nickel, uranium, titanium, chromium, aluminium and several others were discovered later on.

Metal trading first became popular in places like London with the opening of the Royal Exchange in London in 1571. Futures contracts trading of metals began after the industrial revolution in the UK in the 19th century. Merchants could now protect themselves against changing metal prices and trading picked up. LMEX index contracts were established in the year 2000 and several different metals began to be traded on the London Metals Exchange (LME) and on several other exchanges across the world. LME is now the worlds largest metals futures exchange.


Jump to top
Loading icon