Gold Trading accounts
For beginners, gold brokers can offer a micro account. This account is only available to traders with less than $1000 capital.
This account is for traders who have the funds to open additional accounts. This account requires capital between $1,000 and $9999.
The VIP/Platinum account is $25,000. This account allows you to trade larger contracts.
Gold Investment Options
You can trade gold as physical bars, coins, ETFs or mining shares.
Coins and physical bars
This segment consists of traders who buy physical gold, usually in bars or coins. These can be traded at any time. The storage costs for gold stored at home are negligible. You can also store it in vaults, but the storage costs are still low.
The gold ETFs can be an easy investment option. They are similar to selling shares and buying shares. The real gold is not owned by traders and cannot be traded outside of the hours of an exchange.
Shares in the Gold Mining Industry
This type of investment is risky as the companies that find or explore the gold might not be able or able to make it. It isn’t an investment in gold, but rather an investment in mining companies.
Gold Trading Verdict
Gold is one the most valuable metals worldwide and gold brokers are in high demand regardless of exchanges. Due to its protection against market volatility, the metal saw a spike in demand following the 2008 recession.
We have compiled thousands of datapoints to create a guide that will help you find the best gold brokers for you. This guide will help you to find a reliable broker that meets your needs. Below is a list of what we consider to be the top gold brokers.
Checklist Reputable Brokers of Gold
When choosing an online brokerage for Gold trading, there are many important things to take into consideration.
Verify that your Gold broker has at least two years of experience.
Make sure your Gold broker offers reasonable customer support, at least 15.
Is the Gold broker subject to regulation by a jurisdiction? If so, can a broker be held responsible for any misgivings or play an arbitrator role in larger disputes?
Make sure your Gold broker can process withdrawals and deposits within 2 to 3 business days. This is crucial when withdrawing funds.
Is your Gold broker present in multiple countries? This includes training and seminars in your local area.
Ensure that your Gold is able to hire people from other parts of the world who are better able to communicate in your language.
Below are brokers we have identified that meet your criteria. The table below summarizes all brokerage data. Scroll down.
The following table allows you to compare features of brokers that offer Gold Brokers.
These features are compared to help you make an informed decision.
Minimum deposit required to open an account.
Below are the available funding options for Gold Brokers.
How much you can trade with each brokerage.
These brokers offer trading platforms.
Each brokerage may have a different spread type.
Support levels for customers are available.
We will show you if the brokerage offers Micro, Standard and VIP accounts.