5 Best Gold Trading Brokers to Trade XAU/USD

XAU/USD trading will always remain significant because it’s not just a regular pair — it reflects the physical commodity (Gold) and the financial instruments that represent it (e.g., futures and ETFs). Since Gold has a history of being used to hedge against inflation, you should choose the best broker when trading Gold pairs like XAU/USD.

At WR Trading, we explored the top 5 XAU/USD brokers by examining key factors such as leverage, transaction methods, trading fees, and other additional trading assets and pairs.

According to our analysis, here are some of the 5 best Gold (XAU/USD) trading brokers:

List of the Best 5 Gold (XAU/USD) Trading Brokers

#1 BlackBull

According to our analysis at WR Trading, BlackBull is the best Gold trading broker. With its headquarters in New Zealand, this company has been in operation since 2014. Blackbull provides unparalleled trading services with competitive spreads from 0.0 pips and a maximum leverage of 1:500.

We also noticed that trades involving the XAU/USD pair take place within 75 milliseconds. Furthermore, traders can get access to reputable trading tools such as MT4, MT5, cTrader, and more. BlackBull Markets has over 1500 educational videos on its official YouTube channel, covering various aspects of trading, from setting up your account to becoming an expert.

Key Facts About BlackBull

Feature	BlackBull
XAU/USD Available	Yes
Account Types	ECN Standard, ECN Prime, ECN Institutional
Tradable Instruments	Forex, Commodities, Indices, Crypto, Equities, Metals
Trading Platforms	TradingView, MetaTrader 4, MetaTrader 5, cTrader, BlackBull CopyTrader, BlackBull Invest
Regulation	Financial Services Authority in Seychelles, NZ FSP
Minimum Deposit	$0 (ECN Standard)$2,000 (ECN Prime) $20,000 (ECN Institutional)
Minimum Order	0.01 lot
Leverage on XAU/USD	Up to 1:500
Spreads on XAU/USD	From 0.8 (ECN Standard) From 0.1 (ECN Prime) From 0.0 (ECN Institutional) Depending on market conditions for XAU/USD (Currently at 1.2 pips)
Commissions on XAU/USD	Zero commission (ECN Standard) $6 per lot (ECN Prime) $4 per lot (ECN Institutional)
Margin on XAU/USD	50% – 70% to be closed out
Accepted Currency	USD, EUR, JPY, GBP, CHF, CAD, AUD, NZD, HKD, XAU, BTC, ETH
Transaction Options	Bank cards (Visa and MasterCard), Bank transfer, Crypto, Airtm, Skrill, Neteller, SEPA, HexoPay, AMEX, PaymentAsia, Poli, Beeteller, Boleto, AstroPay, Local bank transfer, Help2Pay, FXPay, FasaPay, China Union pay

#2 FP Markets

FP is our second-best broker for Gold (XAU/USD) trading. It has legal recognition from popular regulatory agencies such as the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority. On this broker’s XAU/USD forex chart, you can trade this pair with a leverage of 500:1 and a margin of 0.5%.

FP Markets has a complete MetaTrader suite with competitive pricing and appropriate tools for technical analysis. We noted that this broker also keeps traders updated with the latest information on finance markets around the globe. This broker also permits its clients to utilize the services of a personal account manager.

Key Facts About FP Markets

Feature	FP Markets
XAU/USD Available	Yes
Account Types	Standard, Raw
Tradable Instruments	Metals, Forex, Shares, Indices, ETFs, cryptocurrencies, Bonds, commodities
Trading Platforms	TradingView, cTrader, MetaTrader 4, MetaTrader 5, WebTrader, FP Mobile App, IRESS, MT5 Mobile Trader
Regulation	CySEC, FSC Mauritius, FSCA South Africa, ASIC, ESMA, FSA
Minimum Deposit	$100 or equivalent
Minimum Trade Size	1.0 lot
Leverage on XAU/USD	200:1
Spreads on XAU/USD	Currently at 0.34 pips for XAU/USD From 0.0 pips (Raw account) From 1.0 pips (Standard account)
Commissions on XAU/USD	Zero (Standard) $3 per lot per side (Raw)
Margin on XAU/USD	0.5%
Accepted Currency	USD, EUR, CHF, GBP, JPY, CAD, AUD, HUF, ZAR, INR, NZD, SGD, PLN, HKD, BRL, NGN, MXN
Transaction Options	Credit/debit card, cryptocurrencies, ePay, AstroPay, Google Pay, Skrill, Neteller, Perfect Money, International bank wire, Online Banking wallet

#3 Vantage Markets

According to our research at WR Trading, Vantage Markets is the third-best broker for XAU/USD trading. This broker was established in 2009. Over the years, it has accrued more than 5 million registered traders. Vantage Markets offers traders access to top-class trading platforms such as ProTrader, MetaTrader 4, and MetaTrader 5.

Trading gold on Vantage Markets opens traders up to profitable opportunities in the global financial network, and provides a safe haven against currency devaluation. The broker also supplies a lot of information on the intricacies of gold trading. We also noted that this broker allows its clients to replicate the strategies of highly successful traders.

Key Facts about Vantage Markets

Feature	Vantage Markets
XAU/USD Available	Yes
Account Types	Pro ECN, Raw ECN, Standard STP, CENT, Premium, Swap-free
Tradable Instruments	Forex, Indices, Energy, Share CFDs, Precious Metals, ETFs, Bonds, Soft commodities
Trading Platforms	Vantage App, MetaTrader 4, MetaTrader 5, Trading View, ProTrader
Regulation	Australian Securities and Investment Commission (ASIC), Cayman Islands Monetary Authority (CIMA), VFSC, SIBL
Minimum Deposit	$50 (Standard and RAW), $10,000 (Pro ECN)
Minimum Order	0.01 lots (for Standard STP, CENT, Raw ECN, and Pro ECN accounts)
Leverage on XAU/USD	500:1
Spreads on XAU/USD	Currently, at 0.75 pips. Typically, from 0.0 pips (Raw ECN and Pro ECN accounts), From 1.0 pip (Standard STP and CENT accounts)
Commissions on XAU/USD	$6 per lot
Margin on XAU/USD	50% – 80% to be stopped out
Accepted Currency	AUD, USD, GBP, EUR, NZD, SGD, JPY, CAD, HKD, ZAR
Transaction Options	Domestic Fast Transfer, International EFT, BPAY, POLi Payment, Bank cards (MasterCard and Visa), China Union Pay, Neteller, Skrill, JCB, AstroPay, Broker-to-Broker Transfer, Pagsmile, Fasapay, Perfect Money, Thailand Instant Bank Transfer

#4 RoboForex

Based on our research, RoboForex takes the fourth position. This financial brokerage company has a license from the Financial Services Commission of Belize. It offers a wide range of technical trading tools on its MetaTrader suite and R MobileTrader app.

The XAU/USD trading pair is available on RoboForex’s ProCent, Pro, ECN, and Prime accounts. The broker allows its clients to trade this pair for a minimum spread and margin percentage of 0 pips and 100% respectively. 

For traders who use trading volumes of at least 3 standard lots, they have access to a free VPS service. Furthermore, RoboForex offers a welcome bonus of $30 for new account holders.

Key Facts about RoboForex

Feature	RoboForex
XAU/USD Available	Yes
Account Types	Prime, ECN, R StocksTrader, Pro, ProCent
Tradable Instruments	Stocks, Indices, Futures, ETF, Metals. Energy commodities, Commodities, Currencies
Trading Platforms	MetaTrader 4, MetaTrader 4 MultiTerminal, MetaTrader 5, R StocksTrader, R WebTrader, R MobileTrader
Regulation	Financial Services Commission of Belize
Minimum Deposit	$10 (For Prime, ProCent, Pro and ECN accounts), $100 (For R Stocks Trader)
Minimum Order	0.01 lot
Leverage  on XAU/USD	1:300 (Prime)1:500 (ECN and R StocksTrader)1:2000 (ProCent and Pro)
Spreads  on XAU/USD	Currently at 0 – 1.90 pips (Varies based on market condition for XAU/USD) Floating from 0 pips (Prime and ECN) From 0.01 pips (R StocksTrader) Floating from 1.3 pips (ProCent and Pro)
Commissions  on XAU/USD	10/mio
Margin on  on XAU/USD	100% (50% hedged margin)
Accepted Currency	USD, EUR, GOLD, and more tradable currency pairs
Transaction Options	Local bank transfer, Skrill, AstroPay, Perfect Money, Neteller, SticPay, Bank cards, QR & vouchers

#5 IC Trading

According to our analysis at WR Trading, IC Trading is our fifth-best broker for gold trading for both institutional and retail traders. It has a license from the Financial Services Commission of Mauritius. The trading platforms on this broker are MetaTrader 4, MetaTrader 5, and cTrader. This broker offers two types of accounts: Raw Spread (best for scalpers) and Standard.

All trades occur at speeds lower than 40 ms with an Equinix NY4 server. This broker offers a leverage as high as 1:1000, a 0.01 micro lot size, and spreads from 0.0 pips. 

With a few steps, you can open a new account on IC Trading without any extensive requirements. Furthermore, IC Trading gets its liquidity from top-tier liquidity providers such as hedge funds and highly ranked investment banks.

Key Facts about IC Trading

Feature	IC Trading
XAU/USD Available	Yes
Account Types	Raw Spread, Standard
Tradable Instruments	Forex CFD, Indices, Stocks, Commodities, Bonds, Forex, Crypto
Trading Platforms	MetaTrader 4, MetaTrader 5, cTrader, WebTrader
Regulation	Financial Services Authority of Mauritius
Minimum Deposit	$200
Minimum Order	0.01 lot
Leverage on XAU/USD	1:500
Spreads on XAU/USD	From 0.0 pips (Raw spread account) From 0.8 pips (Standard account)
Commissions on XAU/USD	$3 per $100,000 for Raw Spread (cTrader) $3.5 per lot per side for Raw Spread (MetaTrader) $0 per lot per side for the standard account
Accepted Currency	USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD
Transaction Options	Neteller, Visa, UnionPay, Skrill, Neteller, PayPal, Broker to Broker, Wire transfer, Debit and Credit cards

What is Important when Choosing a Good Gold (XAU/USD) Trading Broker

Before selecting good Gold (XAU/USD) trading brokers, we paid attention to several essential metrics. Some of them include:

Liquidity

We chose brokers with access to deep liquidity. Higher liquidity means tighter spreads, thereby reducing the charges associated with trading XAU/USD. 

Individuals who rely on high-frequency trading techniques can benefit from the profits from small price movements due to the tighter spreads. Furthermore, high liquidity promotes stable prices. This way, institutional traders can execute high-volume trades without causing any price fluctuation.

Commission 

At WR Trading, we understand that low commission matters to people who trade frequently or use short-term strategies like scalping. Therefore, we selected Gold trading brokers that offer low commission rates or commission-free trading. The lower commission percentage means that every trader’s potential profit is high, and they would feel encouraged to trade more. 

Execution Speed

We understand the importance of speed in gold trading, especially during periods of high volatility. Therefore, all our selected brokers have reliable and fast trade execution, reducing the risk of requotes and slippages. This means traders will also be able to utilize accurate strategies and optimize their experience. 

Most experienced traders know that the XAU/USD pair is sensitive to geopolitical occurrences and economic news, causing its price to move rapidly. Quick trade execution speeds allow traders to open and close their positions to benefit during news releases.

Regulation

We chose brokers that have operating licenses from reputable financial regulatory bodies such as ASIC and CySEC. These brokers operate with strict standards and have the necessary structure to safeguard your funds. 

They keep your funds in segregated accounts from their operating accounts to shield you in case of insolvency. Our recommended brokers are also transparent about their pricing, commissions, fees, and overall operations. 

Trading Platforms

All our recommended brokers have the best trading platforms, including the MetaTrader suite. The trading platforms are beginner-friendly because of their intuitive and easily navigable design. They are equipped with indicators, technical indicators, and other advanced charting tools. These trading apps can also function on a wide range of devices.

Leverage on XAU/USD

The leverage on the XAU/USD pair depends on several factors. One of them is your broker of choice. If you select a trading broker operating in jurisdictions with stringent regulatory agencies, the leverages available for XAU/USD are usually low, ranging from 1:20 to 1:50. 

For example, the Commodity Futures Trading Commission (CFTC) requires all USA brokers to limit leverage on XAU/USD to 1:20 or 1:50. In regions with fewer restrictions, the leverage for XAU/USD can go as high as 1:500.

Furthermore, we also observed that brokers offer different types of accounts for traders of varying experience levels. Professional accounts offer higher leverage compared to retail accounts.

Commissions on XAU/USD

Commission on XAU/USD depends on several factors and one of them is the broker’s profit model. Some brokers get their profits from the spread and usually don’t charge a commission. Others deduct a commission on every trade, including those involving XAU/USD.

Market liquidity also affects the commission on XAU/USD. When the market liquidity is high, brokers tend to charge lower commission rates and vice versa.

Swaps on XAU/USD

Swaps refer to the amount that a broker credits or deducts from a trader’s balance for holding a position overnight. Every broker has different swap rates, based on their company policy, operating costs, and relationship with their liquidity providers.

Also, we have noticed that many brokers usually triple the swap rates on Wednesday to cover up for the financial market shutdown during the weekend. While trading, the time you spend holding an XAU/USD position affects the swap. If you spend days or weeks holding such a position, the swap rate increases.

Types of Financial Products to Trade Gold

At WR Trading, we have noticed that there are several financial products available to trade Gold. Let’s examine three examples.

Contract For Difference (CFDs) 

A Gold CFD allows you to buy and sell Gold without owning the actual physical asset. While trading Gold CFDs, you exchange the difference in the value of gold from the time of entering the market to exiting it. 

This means you can take advantage of rising and falling prices without owning or transporting physical gold. Trading CFDs also involves using a small amount of capital as leverage to control a larger market position. We recommend CFDs for retail traders because you can capitalize on the low capital requirement and leverage required for trading them. 

Another advantage is that CFDs don’t have an expiry date, meaning you can hold a market position for as long as possible. They have high liquidity, and you can trade them in an instant. Furthermore, gold trading brokers offer risk management tools to maximize your profits and limit your losses.

Options

Gold options are financial agreements that derive their value from physical gold or gold futures. Unlike futures, they only give investors and companies the right to trade Gold at a specific price and future date, with no obligation to execute the trade. 

There are two types of gold options: call gold options and put gold options. Call gold options give investors the right to purchase a specified quantity of gold at a preset price, while put gold options give the right to sell. Like futures, gold options have an expiration date, depending on the terms of the contract. We recommend gold options only for highly experienced traders.

Futures

Gold futures are contract agreements that enable investors to trade gold at a later date and a preset price. Traders usually use gold futures to speculate and capitalize on the future price movement of gold. It is also possible to trade gold futures on a margin, using a small amount to control a larger market position. 

Unlike CFDs, Gold futures have expiry dates based on the contract terms. The expiry date could be monthly, quarterly, or yearly. Due to its complexity, Gold futures trading is primarily dominated by companies and institutional investors

Conclusion

Thanks to Gold’s high value, it is ever attractive to individual investors, central banks, and governments all over the world. At WR Trading, we prioritize helping traders and investors choose the right Gold trading (XAU/USD) brokers to minimize their trading risks. Therefore, we have explored many brokers and have selected five of the best.

Irrespective of your experience or trading style, we are sure that these brokers will satisfy you. These companies have reliable trading platforms, educational materials, great leverage options, and receptive customer service.

Frequently Asked Questions on Gold Trading Brokers: