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If you’re looking to trade Gold, we’ve compiled a list of the best brokers for trading Gold. All brokers in this list are authorised and regulated by the FCA. Ensure that you are using the best platforms for trading indices and choose a brokers from our comparison list of the best brokers for trading Gold:

Types of broker that offer Gold Trading


Commodities Brokers For Gold Trading

All the commodities brokers are authorised and regulated by the Financial Conduct Authority where client funds are segregated and protected under FSCS.

Featured Broker FX Spreads (pips from) Index Spreads Features CEO Interview More Info

IG

EURGBP:0.9
USDJPY:0.7
GBPUSD:0.9
EURUSD:0.6
FTSE: 1pt
DOW: 1.6pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
Markets:16,000+
Clients:195,000

June Felix, IG CEO

Read June Felix CEO Interview

Visit IG

IG Reviews

CMC Markets

EURGBP:0.6
USDJPY:0.9
GBPUSD:0.9
EURUSD:0.6
FTSE: 1pt
DOW: 1.7pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
Markets:15,000

Read Peter Cruddas CEO Interview

Visit CMC

CMC Reviews

Pepperstone

EURGBP:1
USDJPY:1
GBPUSD:1
EURUSD:1
FTSE: 1pt
DOW: 1.6pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
Tamas Szabo Pepperstone CEO Read Tamas Szabo CEO Interview Visit Pepperstone

Pepperstone Reviews

Best CFD Brokers For Trading Gold

Use our comparison tables to compare CFD brokers authorised and regulated by the FCA. Choose or switch to a CFD broker that offers the most markets, best pricing and client security.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 

Featured Broker FX Spreads (pips from) Index Spreads Features CEO Interview More Info

IG

EURGBP:0.9
USDJPY:0.7
GBPUSD:0.9
EURUSD:0.6
FTSE: 1pt
DOW: 1.6pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
Markets:16,000+
Clients:195,000

June Felix, IG CEO

Read June Felix CEO Interview

Visit IG

IG Reviews

CMC Markets

EURGBP:0.6
USDJPY:0.9
GBPUSD:0.9
EURUSD:0.6
FTSE: 1pt
DOW: 1.7pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
Markets:15,000

Read Peter Cruddas CEO Interview

Visit CMC

CMC Reviews

Pepperstone

EURGBP:1
USDJPY:1
GBPUSD:1
EURUSD:1
FTSE: 1pt
DOW: 1.6pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
Tamas Szabo Pepperstone CEO Read Tamas Szabo CEO Interview Visit Pepperstone

Pepperstone Reviews

Best Spread Betting Brokers For Trading Gold

Use our comparison reviews to compare spread betting broker costs, spreads, offers and features. Only Spread Betting Brokers authorized and regulated by the FCA where client funds are protected under the FSCS are featured.

Spread betting carries a high level of risk and losses can exceed your deposits. Featured brokers appear first.

Featured Broker FX Spreads (pips from) Index Spreads Features CEO Interview More Info

IG

EURGBP:0.9
USDJPY:0.7
GBPUSD:0.9
EURUSD:0.6
FTSE: 1pt
DOW: 1.6pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.: Markets:16,000+
Clients: 195,000

June Felix, IG CEO

Read June Felix CEO Interview

Visit IG

IG Reviews

CMC Markets

EURGBP:0.6
USDJPY:0.9
GBPUSD:0.9
EURUSD:0.6
FTSE: 1pt
DOW: 1.7pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:

Read Peter Cruddas CEO Interview

Visit CMC

CMC Reviews

Pepperstone

EURGBP:1
USDJPY:1
GBPUSD:1
EURUSD:1
FTSE: 1pt
DOW: 1.6pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
Tamas Szabo Pepperstone CEO Read Tamas Szabo CEO Interview Visit Pepperstone

Pepperstone Reviews

Best DMA Brokers For Trading Gold

Compare brokers that offer Direct Market Access (DMA) who are authorised and regulated by the FCA.  Use DMA to get inside the price and reduce your trading costs by getting better prices.

Featured Broker DMA Access DMA Execution Account Types CEO Interview More Info

IG

Stocks:
FX:
Index:
Commodities:
Voice:
Online:
Strategy:
Prime:
DMA:
Futures:
CFD
Spreadbetting:

June Felix, IG CEO

Read June Felix CEO Interview

Visit IG

IG Reviews
CEO Interview

Saxo Capital

Stocks:
FX:
Index:
Commodities:
Voice:
Online:
Strategy:
Prime:
DMA:
Futures:
CFD
Spreadbetting:
Andrew Edwards Saxo Capital Markets UK CEO Read Andrew Edwards CEO Interview Visit Saxo

Saxo Reviews

Best MT4 Brokers For Trading Gold

MT4 or MetaTrader 4 is currently offered by over 600 brokers worldwide. Compare the top MT4 brokers to ensure you get the best pricing, tools, analysis and features.

Featured MT4 Broker FX MT4 Spreads (pips from) Index MT4 Spreads MT4 Features CEO Interview More Info

IG

EURGBP:0.9
USDJPY:0.7
GBPUSD:0.9
EURUSD:0.6
FTSE: 1pt
DOW: 1.6pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
Markets:16,000+
Clients:195,000

June Felix, IG CEO

Read June Felix CEO Interview

Visit IG

IG Reviews

CMC Markets

EURGBP:1.1
USDJPY:0.5
GBPUSD:0.9
EURUSD:0.7
FTSE: 1pt
DOW: 1.4pt
DAX: 1pt
(Fixed)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
Markets:15,000

Read Peter Cruddas CEO Interview

Visit CMC

CMC Reviews

Pepperstone

EURGBP:1
USDJPY:1
GBPUSD:1
EURUSD:1
FTSE: 1pt
DOW: 1.6pt
DAX: 1pt
(Fixed)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
Tamas Szabo Pepperstone CEO Read Tamas Szabo CEO Interview Visit Pepperstone

Pepperstone Reviews

Best Options Brokers For Trading Gold

Use our comparison tables to compare the best UK based options brokers authorised and regulated by the FCA. Choose or switch to an option broker that offers the most markets, best pricing and client security.

Featured Broker Futures & Options Options Trading Account Types CEO Interview More Info

Saxo Capital

Stocks:
FX:
Index:
Commodities:
Voice:
Online:
Strategy:
Prime:
DMA:
Futures:
Options:
CFD
Spreadbetting
Andrew Edwards Saxo Capital Markets UK CEO Read Andrew Edwards CEO Interview Visit Saxo

Saxo Reviews

Use our comparison tables to compare the best UK based Gold futures brokers authorised and regulated by the FCA. Choose or switch to a futures broker that offers the most markets, best pricing and client security.

Futures trading carries a high level of risk and can result in losses that exceed your deposits. Featured brokers appear first.

Here is a list of futures brokers based in the UK that are regulated by the FCA

Broker DMA Access Execution Account Types CEO Interview More Info

Saxo Capital Markets

Stocks:
FX:
Futures:
Options:
Voice:
Online:
Strategy:
Prime:
DMA:
Omnibus:
Liquidity
White Label:
Andrew Edwards Saxo Capital Markets UK CEO Andrew Edwards Visit Saxo

See Services

Baffled by gold? This guide will help you to navigate the gold market.

What is gold?

Gold is a yellowy and malleable metal. It is part of the commodity universe.

While gold is a commodity, it is different from most commodities. For centuries, gold is money. Gold is wealth. No other asset has the mystique and ornamental appeal of gold. Wars had started for the want of gold. And gold symbolises prosperity. It is no coincident that historians often called a prosperous period a 'Golden Age'.

Can you trade and invest in gold?

Yes you can. Back in the Great Depression, however, US citizens can't even own gold legally. But that has changed, especially after gold was delinked from the US Dollar in 1971. These days you can acquire gold exposure in many ways, including:

  • Physical gold (bars and coins)
  • Gold futures
  • Gold funds and exchange-traded funds
  • Gold miners shares
  • Spreadbetting gold prices
  • Gold options

What is the attraction of gold?

People invest in gold for a variety of reasons. They believe that gold provides stability. Some believe that gold is a hedge against inflation. Many ardent proponents of gold, called goldbugs, believe that gold is the ultimate hedge against money printing. They often point out that gold is up from $35 in 1971 to $1,500 now - a gain of 4,100%!

During periods of market stress, traders and investors tend to buy gold, however temporarily. They believe that gold prices move inversely to other assets like stocks. Whatever the reason, gold trading has increased significantly since 2000.

What are the major risks of trading gold?

Like all asset classes, gold prices can go up and down.

Gold had a long bear market during 1980-2000. Then, out of the blue, prices bottomed out and surged for the next decade. During this lengthy bull market, prices appreciated every year for ten years. How extraordinary! (see below)

Unsurprisingly after such a strong bull market, prices corrected sharply for the next few years from 2013 onwards. Historically gold prices have fluctuated massively over the years. This may increase portfolio risk when prices correct.

It must be pointed out that when trading gold futures and options, you must be aware of the inherent leverage. Gold prices themselves are already volatile enough. Coupled with leverage, this is a recipe for volatile - and sometimes disastrous - results.

Year Prices (US)
2012 $1,674
2011 $1,564
2010 $1,421
2009 $1,096
2008 $880
2007 $833
2006 $635
2005 $515
2004 $438
2003 $416
2002 $348

What moves gold prices?

Over the short term, gold price movements are pretty much random. You can spot numerous technical patterns on gold charts but many such patterns fail. A corrective stock market can put cause gold to rebound despite looking toppy; or a 'risk on' phase could pull gold lower.

Over the intermediate term, gold prices trend, be it up or down.  Over the long term, gold prices are dependent to supply and demand.

Therefore, if you are a gold investor, you aim to buy gold after a big correction - and sell after a long bull market.

For gold traders, follow gold trends with trend-following indicators like 150-day moving average.

What are the cost of trading and investing in gold?

Depending on what you own, there are cost in investing in gold. Owning physical gold, for example, entails storage charges and insurance cost.

Trading financial gold prices - such as spread betting - will incur transaction costs and slippage.

One word of warning: the cost of trading gold often increases during volatile sessions because brokers will widen spreads. Sometimes, they will increase margins significant because the exchanges demand more collateral.

What are the instruments to gold indirectly?

On pure gold exposure, you may consider the ETF like ETFS Gold (PHGP). 

For UK gold miners, you may look at Centamin (CEY), Hochschild Mining (HOC), and Polymetal (POLY). The latter is a £5.6 billion Russian gold miner.

Note that gold miners may sometimes move differently from gold prices. Gold mining shares can drop even when gold prices are rallying simply because of the negative operational outlook and a weak stock market.

Live Gold CFD Prices From Plus 500