5 Best Silver Trading Brokers to Trade XAG/USD 2025

Trading XAG/USD using forex brokers requires a sound strategy, as factors such as industrial demand and interest rate decisions can significantly impact prices. The pair has high liquidity, particularly during overlapping trading sessions.

Due to the potential complexities of trading XAG/USD with forex brokers, we decided to review the pair across various forex brokers to determine which one works best.

Hence, we’ve compiled a list to help you identify the top 5 silver trading brokers in 2025 for:

List of the 5 Best Silver Trading Brokers to Trade XAG/USD

1. BlackBull Markets

BlackBull Markets remains our top choice for XAG/USD trading due to its tight spreads, low commissions, access to ECN trading, and high leverage of up to 1:500. As our top broker, it offers up to four account types (Standard, Prime, Institutional, and Swap-Free) and multiple trading instruments.

In our review, we found that BlackBull provides access to deliverable traded instruments such as Silver Futures, as well as CFDs and ETFs. We noticed that this broker offers tight spreads starting from 0.0 pips. These features on the platform make BlackBull an ideal choice for both beginners and professionals.

Key Facts About BlackBull Markets

Feature	BlackBull Markets
XAG/USD Available	Yes
Account Types	Standard, Prime, Institutional, Swap-Free
Tradable Instruments	Forex, Indices, Commodities, Shares, ETFs, Cryptocurrencies, Metals, Equity Indices, Futures
Trading Platforms	MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blackbull Invest, BlackBull CopyTrader
Regulation	Seychelles Financial Services Authority (FSA), NZ FSP
Minimum Deposit	$0 (Standard), $2,000 (Prime), $20,000 (ECN Institutional)
Minimum Order	0.01 lot
Leverage on XAG/USD	Up to 1:500
Spreads on XAG/USD	Airtm, AMEX, Skrill, SEPA, Poli, PaymentAsia, Neteller, Local Bank Transfer, Bank wires, credit/debit cards, China Union Pay, AstroPay, crypto, Beeteller, Boleto, Fasapay, FxPay, Help2Pay, HexoPay
Commissions on XAG/USD	$0 (Standard), $4 (ECN Institutional), $6 (ECN Prime) per round lot
Margin on XAG/USD	50% – 70% to be closed out
Accepted Currency	USD, EUR, GBP, AUD, NZD, CAD, CHF, JPY, HKD, XAU, BTC, ETH
Transactions Options	Airtm, AMEX, Skrill, SEPA, Poli, PaymentAsia, Neteller, Local Bank Transfer, Bank wires, credit/debit cards, Neteller, China Union Pay, AstroPay, crypto, Beeteller, Boleto, Fasapay, FxPay, Help2Pay, HexoPay

2. FP Markets 

FP Markets makes it to our list as the second-best XAG/USD broker. Headquartered in Australia, this broker welcomes both amateur and professional silver traders, offering a compelling blend of lightning-fast execution, competitive spreads, and a wide range of tradable instruments. 

FP Markets values an excellent trading environment, as demonstrated by its ECN model, which guarantees accurate order fills and low slippage rates. Traders can leverage its multiple award-winning trading terminals, including the Trader, MetaTrader 4, MetaTrader 5, cTrader, TradingView, and IRESS.

Key Facts About FP Markets

Feature	FP Markets
XAG/USD Available	Yes
Account Types	Standard, Raw, Islamic
Tradable Instruments	Forex, Indices, Commodities, Shares, Cryptocurrencies, Bonds, Metals and ETFs
Trading Platforms	MetaTrader 4, MetaTrader 5, WebTrader, cTrader, Tradingview, MT5 Mobile Trader, FP Mobile App, IRESS
Regulation	ASIC, CySEC, FSCA, ESMA, FSA, FSC
Minimum Deposit	$100
Minimum Nominal Trade Size	1000
Leverage on XAG/USD	10.1
Spreads on XAG/USD	from 0.004 on XAG/USD General FP Markets Spreads: From 0.0 pips (Raw account), from 1.0 pips (Standard Account)
Commissions on XAG/USD	$0 (Standard), $3 (Raw Account) per Round Lot
Margin on XAG/USD	10.00%
Accepted Currency	AUD, USD, EUR, GBP, NZD, JPY, SGD, CAD, CHF, PLN, HKD, ZAR, INR, BRL, NGN, MXN
Transactions Options	Forex, Indices, Commodities, Shares, Cryptocurrencies, Bonds, Metals, and ETFs

3. Vantage Markets 

The third broker on our list is Vantage Markets, and the reason is not far-fetched. This broker has excelled in implementing highly functional trading platforms, offering relatively low prices, and providing excellent customer care services. This reputable international broker offers its customers exceptional support.

Although their spreads are not the tightest, Vantage Markets has a massive trust score because it complies with numerous regulations. It compensates with various trading suites and swift execution spreads, enabling you to personalize and customize your trading experience. The platform is available to both professional and amateur silver traders.

Key Facts About Vantage Markets

Feature	Vantage Markets
XAG/USD Available	Yes
Account Types	Raw ECN, Standard STP, Pro ECN, Islamic, Cent, Premium
Tradable Instruments	Forex, Indices, Energy, Gold/Silver, Commodities, Shares, ETFs, Stocks, Oil, Bonds, Energies
Trading Platforms	MetaTrader 4, MetaTrader 5, Vantage FX App, Tradingview, ProTrader
Regulation	ASIC, CIMA, VFSC, SIBL
Minimum Deposit	$50 (Standard and RAW), $10,000 (Pro ECN)
Minimum Order	0.01 lot
Leverage on XAG/USD	For XAG/USD: 100:1, For others: up to 1:500 (varies by account type and instrument)
Spreads on XAG/USD	For XAG/USD: 1.79, For others: from 0.0 pips (Raw ECN and Pro ECN accounts), From 1.0 pips (Standard STP and CENT accounts)
Commissions on XAG/USD	$3 (Raw), $0 (Standard), $1.50 (Pro ECN) per round lot
Margin on XAG/USD	50% — 80% to be stopped out
Accepted Currency	AUD, USD, EUR, GBP, NZD, CAD, SGD, JPY, CHF, ZAR
Transactions Options	Bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller, PayPal), UnionPay, Boleto, BPAY, Astropay, Fasapay, Domestic Fast Transfer, International EFT, China Union Pay, JCB, Broker-to-Broker Transfer, Pagsmile, Perfect Money.

4. RoboForex 

Ranking fourth on our list at WR Trading is RoboForex. It is worth noting that RoboForex is a multifaceted broker. This broker welcomes traders from around the world and allows them to trade various instruments, including Forex, Cryptocurrencies, Stocks, Indices, and even Silver. 

Established in 2009 and licensed by FSC Belize, RoboForex’s standout platform is its copy trading platform, RStocksTrader, which can be particularly beneficial for newbie silver traders. Professional silver traders can utilise the platform, as it offers a wide range of accounts to suit various trading needs and purposes.

Key Facts About RoboForex

Feature	RoboForex
XAG/USD Available	Yes
Account Types	Pro, ECN, Prime, R Stocks Trader, ProCent
Tradable Instruments	Forex, Stocks, Indices, Commodities, Cryptocurrencies, ETFs, Metals, Futures, Energies
Trading Platforms	MetaTrader 4, MetaTrader 5, R StocksTrader, R Mobile Trader, R WebTrader, MT 4 MultiTerminal
Regulation	FSC Belize
Minimum Deposit	$10 (Prime, ECN, Pro, ProCent), $100 (RStocksTrader)
Minimum Order	0.01 lot
Leverage on XAG/USD	1:300 (Prime), 1:500 (ECN and R StocksTrader), 1:2000 (ProCent and Pro)
Spreads on XAG/USD	For XAG/USD: Currently at 0.17 pips. For General Account Types: 0.0 pips (Prime, ECN), 0.01 pips (R Stocks Trader), 1.3 pips (Pro, ProCent)
Commissions on XAG/USD	$0 (Pro and ProCent) Available (Prime, ECN, and R StocksTrader)
Margin on XAG/USD	200%
Accepted Currency	USD, EUR, GOLD
Transactions Options	Bank wire transfer, credit/debit cards, electronic payment systems (Skrill, Neteller, etc.), Q, R and Vouchers

5. IC Trading 

IC Trading ranks as our fifth-best XAG/USD broker. The review conducted by WR Trading revealed that by engaging in IC trading, traders have access to more than 2,000,000 tradable products, including Silver, Bonds, Stocks, Cryptocurrencies, and Indian stocks, with a commission rate of around 3.5%.

IC Trading’s highly competitive spread of 0.0 pips is a service provision that places it among some of the best brokers in the silver trading market. They are based in Mauritius and are overseen by the Financial Services Commission FSC). Finally, they offer flexible leverage options offering up to 1:1000.

Key Facts About IC Trading 

Feature	IC Trading
XAG/USD Available	Yes
Account Types	Standard, Raw accounts, Islamic
Tradable Instruments	MetaTrader 4, MetaTrader 5, WebTrader, and cTrader
Trading Platforms	Skrill, PayPal, Mastercard, UnionPay, Visa, Neteller, wire transfer, and broker-to-broker
Regulation	Financial Services Commission of Mauritius (FSC)
Minimum Deposit	$200
Minimum Order	0.01 lot
Leverage on XAG/USD	1:500
Spreads on XAG/USD	For XAG/USD: Average of 0.894 – 1.894. For General Account Types: From 0.0 pips (Raw Account) and 0.8 pips (Standard Account)
Commissions on XAG/USD	$3.5 (Raw MetaTrader), $3 (Raw cTrader), and $0 (Standard) per lot side
Accepted Currency	AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF
Transactions Options	Skrill, PayPal, Mastercard, UnionPay, Visa, Neteller, wire transfer and broker-to-broker

What Is Important When Choosing a Good XAG/USD Trading Broker?

While we chose a good XAG/USD broker, here are some of the crucial factors we reviewed and kept in mind:

Liquidity

When selecting an XAG/USD broker, liquidity is a key factor. A broker with high liquidity ensures seamless trading, competitive pricing, and low costs. On the other hand, a broker with low liquidity can put your trades at risk, leading to delayed orders, failed trades, and steep risks.

When evaluating a broker’s liquidity, it is crucial to consider its trading activity, customer feedback, and market capacity. These factors will help you make an informed decision about selecting the right silver broker.

Commissions

Another essential factor to consider when reviewing a silver broker is their commission. The commission charged by a broker directly impacts the cost of your trading and overall profitability. High commission fees can reduce your return on investment, while low commission fees can maximise your gains.

The commission structure of a silver broker is typically complex, encompassing management fees, storage fees, trading fees, and other miscellaneous charges. You will need to thoroughly examine each aspect of the fees and look for transparency and clarity in their pricing.

Execution Speed

Look out for your broker’s execution speed, another vital consideration for enjoying a seamless trading experience. The speed at which your transactions are executed directly impacts the amount of investments you can accrue. 

If it is fast, your trades will be carried out quickly, allowing you to capitalize on market opportunities. On the other hand, if it’s slow, it can result in slippage, where your trades will be executed at unfavorable prices, leading to missed opportunities. To review your broker’s execution speed, look for advanced trading platforms, direct market access, low latency, and high-speed servers.

Regulations

The next factor to consider when reviewing a broker is scrutinizing their regulatory compliance, as this is a crucial way to ensure that your trading experience is secure. Regulatory bodies establish stringent rules that brokers must adhere to, and a regulated broker is required to maintain transparent business practices, protect clients’ funds and assets, and ensure dispute resolution mechanisms.

Different countries have other regulatory bodies governing silver brokers. For instance, the US relies on the CFTC, the UK boasts of the FCA, and Australia has the ASIC. Always ensure that a reputable financial authority regulates your broker.

Advanced Trading Platforms

Before choosing a silver broker, review its advanced trading platforms. An exceptional platform is needed to navigate the fast-paced silver market.

Having an advanced trading platform ensures that your trade execution is both fast and secure, allowing you to make informed decisions. With real-time data and customizable charts, traders can capitalize on these features to leverage market opportunities. Moreover, advanced platforms provide 24/7 access to the market, ensuring you are connected at all times and from anywhere.

Spreads

You will need to review the spreads the broker is offering. Spreads represent the difference between the selling and buying prices of Silver. Tight or competitive spreads enable traders to enter trades at favorable prices, thereby maximizing market profits. 

On the other hand, wide spreads increase trading costs, delay trade execution, and reduce profitability. Opt for brokers whose spreads range from 0.0 pips to 0.8 pips.

Instruments Availability

The availability of instruments offered by a silver broker is another factor to consider when selecting the right broker for your needs. The broker you choose should offer a wide range of silver products, including futures, CFDs, and ETFs. Verify that your broker meets your specific requirements for silver trading.

Leverage on XAG/USD

The leverage on XAG/USD varies from one broker to another and from one trading platform to another. Typically, leverage is up to 1:500, allowing traders to control larger positions with small amounts of capital. For example, with a 1:500 leverage, a trader can control a $500,000 position with just $100 in capital.

It is essential to note that the higher the leverage, the greater the potential losses. Therefore, traders should consider their risk appetite carefully before selecting their leverage. Some brokers offer flexible leverage, allowing them to adjust their leverage based on market conditions.

Commissions on XAG/USD

The XAG/USD trading element varies depending on the broker, trading platform, and account type. While some brokers offer commission-free trading, others charge commissions per trade. A typical commission on XAG/USD ranges from 0.1% to 0.5% of the trade value. For Silver, if a trader buys 100 ounces, then the commission will be between $1 and $50.

Some brokers offer tiered commissions, where higher trading volumes result in lower commissions. ECN or STP brokers offer lower commissions thanks to direct market access.

Swaps on XAG/USD

Swaps refer to the interest rate difference between the currency pairs, in this case, XAG/USD. When trading XAG/USD, a trader may be charged or credited a swap fee, depending on the direction of the trade or the interest rate differential. 

For instance, when trading a long XAG/USD position, the trader may incur a swap fee since they are essentially borrowing US dollars to purchase Silver. Conversely, they might be credited in a short XAG/USD position. Silvers are lending the US dollar to sell Silver.

Swap fees are usually credited as a percentage of the trade value and are charged to the trader’s account at the end of each trading day. The amount, however, is dependent on market conditions and the broker’s policies.

Types of Financial Products to Trade Silver 

Here are somSilverhe financial products to trade with Silver:

Silver CFDs

At WR Trading, this is our most recommended silver tradable instrument. Silver CFDs are contracts made between the trading broker and trader to close the difference between the opening trade and closing trade. One of the benefits of trading with CFDs is that traders will not be required to pay storage fees. Additionally, trading silver with CFDs provides the flexibility to trade in both upward and downward directions, and is typically commission-free.

Silver ETFs

ETFs are other types of tradable instruments that are preferable for traders seeking indirect exposure to the price fluctuations of Silver. ETFs are financial instruments that are good for speculating on the price of Silver. However, traders need to consider the risks, costs, and funds required to trade this instrument.

Silver Options 

Silver Options are derivative instruments that enable traders to speculate on commodities using leverage. With this contract, the holder is not required to trade Silver on a set date or at a set price. This method of trading silver allows traders to gain insight into the market without owning physical bullion.

Silver Futures 

This contract outlines the terms under which Silver metal is to be traded at a predetermined price in the future, and both the buying and selling parties are required to adhere to it. Trading futures can be precarious, primarily because storage costs and interest rates affect silver prices.

Conclusion

According to our review, silver trading has a unique track record among precious metals, as it has a long history of conserving wealth. This record presents investors with possible opportunities and benefits. Therefore, to thrive in this market, traders must be well-informed and possess the necessary tactics for navigating the ups and downs of this volatile market.

Frequently Asked Questions on Silver Trading Brokers: