5 Best Silver Trading Brokers to Trade XAG/USD 2025

Trading XAG/USD using forex brokers requires a sound strategy because factors like industrial demand and interest rate decisions can affect prices. The pair also has high liquidity, especially when trading sessions overlap.

Due to the possible complexities of trading XAG/USD using forex brokers, we decided to review the pair on various forex brokers to see which works best.

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

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 because they offer 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, 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 also noticed that this broker offers tight spreads starting from 0.0 pips. These features on the platform make BlackBull an ideal choice for newbies as well as 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	For XAG/USD: Currently at 1.5 pips (May change based on market condition) For Other Account Types: Standard: from 0.8 pips, Prime: from 0.1 pips, Institutional: from 0.0 pips
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 and offers a compelling blend of lightning-fast execution, competitive spreads, and several tradable instruments. 

FP Markets values an excellent trading environment, as shown in its ECN model that guarantees accurate order fills and low slippage rates. Traders can leverage its multiple award-winning trading terminals, including the WebTrader, MetaTrader4 platform, MetaTrader5 platform, 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	Visa, Mastercard, POLi, PayPal, Skrill, Neteller, Fasapay, Bank transfer, Unionpay, Sticpay, ePay, Google Pay, Crypto, Apple Pay, Astro pay, Perfect Money, Online Banking and BPay

#3 Vantage Markets 

The third broker on our list is Vantage Markets, and the reason is not far-fetched. This broker has done well in implementing highly functional trading platforms, relatively cheap prices, and excellent customer care services. This reputable international broker provides its customers with outstanding support.

Although their spreads are not the tightest, Vantage Markets has a massive trust score because it complies with numerous regulations. It also 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 interesting to mention that RoboForex is a broker with many sides. This broker welcomes traders from all over the world and allows them to trade different instruments, including Forex, Cryptocurrency, 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 also use the platform as they offer 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.), QR 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 are privy to more than 2000 tradable products such as Silver, Bonds, Stocks, Cryptocurrencies, and Indices with around 3.0% to 3.5% in commission.

IC Trading’s highly competitive spread of 0.0 pips is a service provision that helps place it among some of the best brokers you can find in the silver trading market. They are also based in Mauritius and are overseen by a top regulatory body, 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	Forex CFDs, Indices, Commodities, bonds, stocks, Gold and Cryptocurrencies
Trading Platforms	MetaTrader 4, MetaTrader 5, WebTrader and cTrader
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 a XAG/USD broker, liquidity is key. 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.

In assessing a broker’s liquidity, one should study its trading activity, customers’ feedback, and market capacity. These factors will assist in making a sound decision about selecting the right silver broker.

Commission

Another important factor to remember while 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 maximize your gains.

The commission structure of a silver broker is usually complex as it encompasses 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 you need to consider when reviewing a broker is scrutinizing their regulatory compliance, as this is a great 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 also have different 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 your broker is regulated by a reputable body.

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 fast and secure so you can make informed decisions. With real-time data and customizable charts, traders can capitalize on these features to leverage market opportunities. Moreover, advanced platforms offer access to the market 24/7, ensuring you are connected to the market anywhere and at any time.

Spreads

You will also 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 and maximize 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 instrument availability of a silver broker is another factor you should consider when choosing the right broker for your needs. The broker you pick should offer a wide range of silver products, such as futures, CFDs, and ETFs. Check if your broker caters to your specific requirements when it comes to silver trading.

Leverage on XAG/USD

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

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

Commissions on XAG/USD

This XAG/USD trading element differs based on the broker, trading platforms, and account types. 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 example, if a trader buys 100 ounces of Silver, then the commission will be between $1 to $50.

Some brokers offer tiered commissions, where a high trading volume results in lower commissions. While 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 might be charged or credited a swap fee, depending on the direction of the trade or the difference in interest. 

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, as they 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 is, however, dependent on market conditions and the broker’s policies.

Types of Financial Products to Trade Silver 

Here are some of the 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. Also, trading silver with CFDs offers 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 looking to get indirect exposure to the changes in the price of Silver. ETFs are financial instruments that are good for speculating the price of Silver. However, traders need to keep in mind the risks, costs, and funds required to advance this tradable instrument.

Silver Options 

Silver Options are also derivative instruments that make it easy for 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 way of trading silver makes it possible for traders to get an insight into the market without actually owning a bullion.

Silver Futures 

This contract shows how the Silver metal is to be traded at a predetermined price in the future, and both the buying and selling parties must adhere to it. Trading futures can be very risky, especially since silver prices can be affected by storage costs and interest rates.

Conclusion

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

Frequently Asked Questions on Silver Trading Brokers: