Silver Trading Brokers
- What are Silver Trading Brokers?
- Best Silver Brokers
- How to start Silver trading?
- How to Choose Silver Broker?
- Silver Brokers List
What are Silver Trading Brokers?
In forex trading, Silver trading brokers offering speculation on the price of silver to profit from. While Silver is one of the most traded commodities and Metals along with Gold. Silver Trading Brokers often provide to trade both gold and silver in parallel, which allows forecasting and monetizing the price.
Read about Silver as an investment via Wikipedia.
- Silver and gold throughout centuries is definet stabily as one of the oldest currencies and valuable metals in economic exchange made them the most invested precious metal commodities
- However, usually spreads for gold and silver are quite high, while leverage is low.
- In forex, most brokers allow Silver CFD trading which is pure speculation without giving ownership of the underlying asset, also few Broker offer real trading of Futures on Silver which requires subscription to particular exchange.
💰 Spread | Average Silver Spread ranges 0.5-1.2 |
📈 Leverage | Yes |
📉 Positions | Sell and Buy |
🏦 Contract size | Micro Lot, Standard Lot (Depending on the broker) |
What is Silver Trading Platform in Forex?
Trading Platform is offered by the broker and is initially optimized by the broker’s offerings, so there’s no need to search for a separate trading platform that offers silver trading. Simply, check if the broker offers silver as a trading instrument and see if the conditions cater to your needs. Take a look at some noteworthy points about Silver Trading:
- Silver traders should remember that Silver tends to have very high price volatility sensitive to economic and industry data that drives the price, along with prices for Gold. Yet, Silver is different from other commodities as many traders view it as an alternative currency, which is a more reliable value in times of currency inflation or devaluation.
- Analyzing precious metals trends may bring some understanding for FX trading.
- Silver offers low-risk exposure to emerging markets and can act as an inflation hedge. It also helps with portfolio diversification where needed.
- The variety of silver-based instruments in Online trading includes many options, mainly through derivatives like Options, ETFs, Futures, or OTC products.
- Most Forex Brokers offer Silver CFD Trading, while CFD trading in Silver is offered by almost all Forex or CFD brokers. However, the traditional way of investing is offered in some countries like Switzerland or Liechtenstein bullion bars can be sold or bought over the counter at major banks.
Sinver Trading Advantages | Sinver Trading Disadvantages |
---|---|
High Market Demand | Cheaper than Gold |
Less Risks | High volatility |
Hedge against Market Volatility | Monopolized Market |
Long-term returns | Changing monetary policy |
Declining mine suplly | Storage costs (if investing in bullions) |
Majority of Forex brokers offering CFD on Silver | Not so many Brokers offer Futures on Silver or Real Silver Trades |
High Liquidity | |
Low fees and Commissions |
Top 5 Best Silver Brokers
Here we made a selection of Top Brokers for Silver trading by category selected by good conditions and high reputation, mainly offering CFDs on Silver. In fact. precious metals and Silver are quite popular assets and appear among many Brokers’ portfolios.
- HFM – Best Overall Silver Broker 2023
- BlackBull Markets – Best Silver Broker for Beginners 2023
- FP Markets – Best MT4 Forex Broker 2023
- Eightcap – Lowest Spread Silver Broker 2023
- BDSwiss – Best Silver Social Trading Broker 2023
How to start Silver trading?
If you look to start Silver trading, first get more info on the available silver markets (Silver futures, Silver ETFs, CFDs etc), understand what affects Silver price movements, then select a well-regulated and trustworthy broker that offers Silver trading and open an account for trading itself.
How to Choose Silver Broker?
Traders should consider the following while choosing Silver Broker: regulation and security, asset selection, availability of trading strategy you perform, and trading costs. The top Silver broker that should be considered trading with is FXTM, AvaTrade, Plus500, and FP Markets for CFDs, or for Futures on Silver check InteractiveBrokers.
Is trading silver profitable?
Yes, Silver is potentially profitable, tradable, and liquid asset allowing to capitalize investments. Over certain periods of time silver has outperformed highly regarded asset classes such as stocks, however all depends on the type of the strategy you deploy.
Are silver trading platforms safe?
Silver is considered a safe investment since is valued as money and is seen as safe by investors from all over the world. However, important to choose only highly-regulated platforms and check brokers’ reliability to avoid any potential issues with scam brokers.
List of Brokers offering Silver Trading
Here is a full list of Regulated Silver Brokers selected by our experts with conditions potentially secured by reputable authorities:
Broker | Detail | |
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Min. Deposit: 0 US$ Max. Leverage: 1:30 | 1:2000 Trading Platforms: MT4, MT5, HFM Trading App Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA |
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Min. Deposit: 0 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5 Regulation: FMA, FSA |
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Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: IRESS, MT4, MT5, cTrader Regulation: ASIC, CySEC, St. Vincent and the Grenadines, FSP |
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Min. Deposit: 100 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5, TradingView Regulation: ASIC, SCB, CySEC, FCA |
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Min. Deposit: 100 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5, BDSwiss Webtrader and App Regulation: FSC, FSA |
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Min. Deposit: 0 US$ Max. Leverage: 1:30, 1:500 Trading Platforms: MT4, MT5, cTrader, WebTrader Regulation: ASIC, CySEC, FSC, FSA |
GO Markets Review |
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Min. Deposit: $20 Max. Leverage: 1:30 | 1:500 Trading Platforms: MT4, MT5, HYCM Trader Regulation: FCA, CySEC, DFSA, CIMA |
HYCM Review |
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Min. Deposit: 200 US$ Max. Leverage: 1:30 to 1:400 Trading Platforms: MT4, MT5, cTrader, TradingView Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN |
Pepperstone Review |
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Min. Deposit: US$100 Max. Leverage: 1:500 Trading Platforms: MT4 Regulation: MFSC |
Orbex Review |
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Min. Deposit: No minimum deposit Max. Leverage: 1:30 | 1:500 Trading Platforms: MT4 Regulation: CySEC, SVG FSA |
FXCC Review |