Best Metals Trading Brokers

  1. What is Metals Trading Broker?
  2. Best Metals Brokers
  3. The Biggest Problem in Metal Trading
  4. Is Metal Good Investment?
  5. Metals Brokers List

What is Metals Trading Broker?

Metal brokers offer a range of precious and non-precious metals to trade. The most known metals are gold and silver, yet the list of metals is not limited to only them. Traders can choose to trade other metals as well: copper, platinum, zinc, tin, lead, steel, nickel, molybdenum, etc

  • Note that most Forex Brokers offer trading metals solely on a CFD basis meaning speculation on the price movement without owning the actual asset.

You can read more about Metals Trading and precious on the Wikipedia page, also see some notes below:

💰 Spread/ FeeSpread or Commission Basis – Average Gold Spread 0.5-2
📈 LeverageYes
📉 PositionsSell and Buy
🏦 Contract sizeMicro Lot, Standard Lot (Depending on the broker)

What is Metal Trading Platform in Forex?

Trading Platform is provided by the broker, all metal trading brokers optimized their platforms to trade metals hence there’s no need to find a separate trading platform for Metal trading. Here are some important notes and comments on Metal Trading:

  • Currently, Metals trading is a popular Forex Trading Instrument offered by the majority of Trading Brokers worldwide
  • Gold trading is considered the most popular investment as a precious metal, yet Silver, Platinum and Palladium are also popular for trading, and when it comes to investments each of them has its own advantages and disadvantages.
  • Metals are often traded via Forex Brokers as CFDs and Spread betting services, where the trader does not own the asset but speculates on its price movement only, making it an easier investment. Only a Few brokers offer Futures on Gold, Silver and Other metals
  • In addition to owning physical metal, investors can gain access to trade through the derivatives market, metal ETFs and mutual funds, and mining company stocks.
Metal Trading AdvantagesMetal Trading Disadvantages
Inflation ProtectionHigh Volatility
Supporting economic growthNo suitable for all Traders
Majority of Forex Brokers offer Metals Trading but on CFD basisOnly few Brokers offering real trade of Metals or Real Futures, ETFs
Leveraged Trading
High Liquidity

Top 5 Best Metals Brokers

Here we made a selection of Top Brokers for Metals trading by category, recognized by us as trustworthy brokers with good conditions for Gold, Silver, or other metals trading yet mainly offered on CFD Basis:

What is the best metals trading platform for US citizens?

InteractiveBrokers and TD Ameritrade is the top-rated choice for metals trading by US residents. With a highly regulated platform, investors can gain access to commission-free metal investments with flexibility and security.

What is the best metals trading platform for beginners?

New traders should carefully consider their broker selection to ensure they have access to the best market conditions for trading metals, as well as quality educational resources and a user-friendly platform that will help them hone their skills. Among the best metal brokers for beginners are eToro, Pepperstone, City Index, etc offering CFDs on Metals.

What Is the Biggest Problem When Using Metals for Trading?

One of the main problems that come with metals trading is that metals have no cash flow, thus traders will receive no income, another risk is the geopolitical issues for Real Metals Trading. Overall, Metals are also quite volatile instruments might be also with high pricing for some traders. 

Is Metal Good Investment?

Metals overall considered good investments, especially precious metals have an intrinsic value and they are not subject to inflation. However, every instrument comes with its own specific risks and is the choice of the trader to decide what is good for you.

While the main risk common for metals is that prices can drop drastically because of technical imbalances. Also, the demand changes over time, making them popular in crises and lower during the more stable time.

List of Forex Brokers for Metals Trading

These are the brokers that are regulated and selected by us as good for Metals Trading mainly offering CFDs on Metals:

Broker Detail
HFM Logo HFM
Min. Deposit: 0 US$
Max. Leverage: 1:30 | 1:2000
Trading Platforms: MT4, MT5, HFM Trading App
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
1
HFM Review
BlackBull Markets logo BlackBull Markets
Min. Deposit: 0 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: FMA, FSA
2
BlackBull Markets Review
FPM logo FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5, cTrader
Regulation: ASIC, CySEC, St. Vincent and the Grenadines, FSP, CMA
3
FP Markets Review
Eightcap
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, TradingView
Regulation: ASIC, SCB, CySEC, FCA
4
Eightcap Review
BDSwiss Review BDSwiss
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, BDSwiss Webtrader and App
Regulation: FSC, FSA
5
BDSwiss Review
GO Markets
Min. Deposit: 0 US$
Max. Leverage: 1:30, 1:500
Trading Platforms: MT4, MT5, cTrader, WebTrader
Regulation: ASIC, CySEC, FSC, FSA
GO Markets Review
HYCM
Min. Deposit: $20
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, HYCM Trader
Regulation: FCA, CySEC, DFSA, CIMA
HYCM Review
Pepperstone Review Pepperstone
Min. Deposit: 200 US$
Max. Leverage: 1:30 to 1:400
Trading Platforms: MT4, MT5, cTrader, TradingView
Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
Pepperstone Review
JustMarkets Review Logo JustMarkets
Min. Deposit: $10
Max. Leverage: 1:30 | 1:3000
Trading Platforms: MT4, MT5
Regulation: FSCA, CySEC, FSA, FSC
JustMarkets Review
FXCC Review FXCC
Min. Deposit: No minimum deposit
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, SVG FSA
FXCC Review