Company

Spread

for Gold

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details

Plus500

Offers two ways to trade: CFDs, Forex

 Listed on the LSE AIM market
Plus500
See Details Try a Demo
Your capital is at risk
0.03%points See All Spreads
£100Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
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  • Micro
  • Standard
  • VIP
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  • Fixed
  • Variable

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  • Market Maker
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Trust Score:

B

Used by:

155,000

Established in:

2008

Regulated by:

Financial Conduct Authority (F...

AvaTrade

Offers four ways to trade: Forex, Spread betting, CFD trading, and options trading

AvaTrade
See Details Try a Demo
Your capital is at risk
0.60points See All Spreads
€/£/$100Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
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  • Fixed
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Trust Score:

AAA

Used by:

200,000

Established in:

2006

Regulated by:

Central Bank of Ireland, ASiC ...

See DetailsTry a Demo
Your capital is at risk

eToro

Offers two ways to trade: CFD trading, and social trading

eToro
See Details Try a Demo
Your capital is at risk
45.0points See All Spreads
$50Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
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See Spreads
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  • Live chat
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Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
Trust Score:

AAA

Used by:

6,000,000

Established in:

2006

Regulated by:

Financial Conduct Authority, C...

See DetailsTry a Demo
Your capital is at risk

London Capital Group

Offers one way to trade: Forex

London Capital Group
Your capital is at risk
0.6points See All Spreads
$100Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
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See Spreads
  • Bank transfer
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  • PayPal
See Methods
  • Live chat
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  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
See Details
Your capital is at risk

IG

Offers four ways to trade: Forex, Spread Betting, CFD, Stock trading and Binary options

IG
Your capital is at risk
0.6points See All Spreads
£200Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
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  • Market Maker
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See Details
Your capital is at risk

ETX Capital

Offers three ways to trade: Forex, Spread betting, CFD and Binary options

ETX Capital
Your capital is at risk
0.4points See All Spreads
$100Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
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See Spreads
  • Bank transfer
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  • Live chat
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Contact Details
  • Market Maker
  • DMA
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See Details
Your capital is at risk

Core Spreads

Offers one way to trade: Forex

Core Spreads
Your capital is at risk
4.0points See All Spreads
£1Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
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See Methods
  • Live chat
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Contact Details
  • Market Maker
  • DMA
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Learn More
See Details
Your capital is at risk

Finspreads

Offers one way to trade: Forex

Finspreads
Your capital is at risk
0.4points See All Spreads
£50Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
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  • PayPal
See Methods
  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
See Details
Your capital is at risk

City Index

Offers three ways to trade: Forex, CFDs, Spread Betting

City Index
Your capital is at risk
0.5points See All Spreads
£25Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
  • Credit cards
  • PayPal
See Methods
  • Live chat
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  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
See Details
Your capital is at risk

XM

Offers five ways to trade: Forex, Commodities, Equity Indices, Precious Metals, Energies

XM
Your capital is at risk
0.47points See All Spreads
$5Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
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  • Live chat
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  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
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See Details
Your capital is at risk
CFDs are leveraged products and can result in the loss of your capital. 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 Plus500
For Trading Metals?

Plus500 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 Plus500 scored highly in:

  • 9+ years in business
  • Offers 2000+ instruments
  • A range of platform inc. Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.01% pips
  • Used by 155,000+ traders
  • Offers demo account
  • 5 languages
  • Leverage up to 1:300

Plus500 offers two ways to trade: CFDs, Forex. 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.

Plus500 have a B trust score, which is good. This is largely down to them being regulated by Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14), segregating client funds, being established for over 9 years, and much more. For comparison:

Trust Score comparsion

Plus500 AvaTrade eToro
Trust Score B AAA AAA
Year Established 2008 2006 2006
Regulated by Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14) Central Bank of Ireland, ASiC , FSA, FSB and BVI Financial Conduct Authority, CySEC
Uses tier 1 banks
Company Type Public 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 Plus500 is (& Isn’t)
Suitable For

As mentioned, Plus500 allows you to trade in two ways: CFDs, Forex.

Suitable for:

  • CFD Trading
  • Forex Trading

Not Suitable for:

To trade with Plus500, you'll need a minimum deposit of $1. Plus500 offers a range of different account types for different traders including a micro account, mini account, .

Finally, Plus500 isn't available in the following countries: Belgium, US, Canada some Arab and Middle eastern countries, China, Singapore, Indonesia, Philippines. They do not offer islamic accounts either.

Part 3

A Comparison of Plus500 vs. AvaTrade vs. eToro


Want to see how Plus500 stacks up against AvaTrade and eToro? 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.
Plus500 AvaTrade eToro
Fixed Spreads
Variable Spreads
EUR/USD Spread 0.01% 1.0 3.0
GBP/USD Spread 0.01% 1.8 4.0
Gold spreads from 0.03%0.6045.0
Silver spreads from 0.11%0.055.0
Copper spreads from 0.17%0.0062.0
Crude Oil spreads from 0.08%0.035.0
Natural gas spreads from 0.06%0.00310.0
DAX Spread 0.01% 1.5 100.0
FTSE 100 Spread 0.02% 1.0 100.0
S&P500 Spread 0.02% 0.25 100.0

Comparison of account & trading features

Plus500 AvaTrade eToro
Spread type Fixed AAA AAA
EUR/USD Spread 2008 2006 2006
EUR/GBP Spread Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14) Central Bank of Ireland, ASiC , FSA, FSB and BVI Financial Conduct Authority, CySEC
Crude Oil Spread
Gold Spread Public 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.

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