Compare the 6 best gold brokers and trading platforms in 2024

This guide compares the best gold brokers you can use to buy or trade the metal this year.
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Updated: Sep 27, 2023
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Our commodity experts have reviewed more than 63 gold brokers and you can find out which ones rank the highest in this beginner friendly guide. Each gold trading platform has been tested across 130+ data points, including cost, reliability, user experience, investing options, and more. 

Read on to learn more and find out which gold broker you should consider using in 2024.

Best gold brokers overall for 2024

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  1. eToro: Best for beginners, copy-trading & demo-account
  2. Plus500: Best for international CFD trading*
  3. TastyTrade: Best for options trading like a pro
  4. BullionVault: Best for buying precious metals with low fees and storage charges
  5. GoldBroker: Best for buying physical gold

What are the best gold trading brokers?

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If you want to jump right in and start buying gold now then you can use any of the platforms in the table below. They’ve been selected by our commodity experts and are the best brokers to use to buy gold. Just click on the links to get started in minutes or scroll lower to learn more.

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1
Min. Deposit
9 €
Best offer
User Score
9.9
Up to $240 bonus!
Award-winning trading platform
Regulated and trusted broker worldwide
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer
Full Regulations:
CySEC, FCA

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

2
Min. Deposit
100 €
Best offer
User Score
9.9
Trade +2000 CFDs on Shares, Forex, Indices, Crypto, Options, Commodities & more
Unlimited risk-free Demo Account
0 commissions & attractive spreads
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FCA, FSA, MAS, CySEC #250/14

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3
Min. Deposit
0 €
Best offer
User Score
9.9
Provides educational content on options trading, including strategies and risk management.
Cover futures contracts tied to commodities like oil, gold, and agricultural products.
Analyzes commodity markets, discussing supply and demand dynamics and seasonal trends
Start Trading
Payment Methods:
Wire Transfer, Check, ACH
Full Regulations:

Top 6 gold brokers, reviewed

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1. eToro. Best for beginners, copy-trading & demo-account

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From 2 pips

Fees

$100

Minimum deposit

4,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided
Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because it’s an easy place to trade the commodity markets. eToro makes it simple to dive in and trade 25+ commodities at competitive prices and with up to 20x leverage. Top assets available include gold, oil, and silver.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see how the top commodities are performing every day, browse the latest analyst opinion, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: eToro charges a fee on commodity CFD trades through the spread. Commodity spreads start from 2 pips but can be much higher. Oil trades come with a 5 pip spread, gold trades with 45 pips. Overnight and weekend fees apply.

Highlights

Visit eToro eToro Review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

2. Plus500. Best for international CFD trading*

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From 0.04%

Fees

$100

Minimum deposit

3,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Free demo account for every user Secure broker, licensed by top-tier regulators Wide variety of CFDs to trade Several good risk management tools
No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to 22 commodity CFDs including gold, silver, and oil.

Plus500 has something for all types of commodity trader, no matter what level of experience. Its zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% and varies depending on the instrument. Additional fees include overnight funding which is dependent on trade size and guaranteed stop orders which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Visit Plus500 Plus500 Review

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3. TastyTrade: Best for options trading like a pro

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TastyTrade logo

...

Fees

...

Minimum deposit

20

No. assets

No

Demo/virtual account

Overview

We love TastyTrade because it’s an options trading platform built by market experts. TastyTrade is the latest piece of trading software built by the industry veterans who created thinkorswim, another hugely successful broker that made professional trading accessible to the everyday trader.

While TastyTrade offers stock and ETF trading, its core functionality lies in options and futures contracts. Notably, they recently added the ability to trade spot Bitcoin ETFs, catering to the growing interest in cryptocurrency. However, keep in mind their focus is on US markets; you won’t find international stocks or mutual funds here.

What truly sets TastyTrade apart are a competitive pricing structure and its dedication to options education. They heavily invest in educational content through their platform, tastylive, offering free webinars, tutorials, and resources specifically geared towards options trading. This focus is crucial as options involve a steeper learning curve compared to stock investing.

The fees: There are zero commissions on straight up stock & ETF trades. Stock options are charged a $1 fee to open and zero commission to close a position. Futures start from $0.25 per side. Crypto trades cost 1% of the total position on open and close.

Highlights

Visit TastyTrade TastyTrade Review

4. BullionVault: Best for buying precious metals with low fees and storage charges

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...

Fees

...

Minimum deposit

20

No. assets

No

Demo/virtual account

Overview

We love BullionVault because it’s the world’s largest online gold investment platform and makes owning precious metals a practical option for normal people. BullionVault offers everyday users access to the professional bullion market, with lower prices and more manageable fees than are available anywhere else.

For extra peace of mind, all metals held through BullionVault are stored in your name, at your choice of location, and is fully insured as your legal property. The bullion market on the platform is also one of the most liquid, with hundreds of thousands of other users, meaning you’re always likely to find someone to take the other side of your trade.

The fees: All transactions are charged a commission of 0.50% up to your first $75,000. The next $750,000 is charged a 0.10% commission, while it is 0.05% after that. Storage fees are charged at 0.12% annually for gold and 0.48% for silver, platinum, and palladium.

Highlights

Visit BullionVault BullionVault Review

5. GoldBroker: Best for buying physical gold

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...

Fees

...

Minimum deposit

20

No. assets

No

Demo/virtual account

Overview

We love GoldBroker because it’s the best place for buying precious metals and storing them outside of the traditional banking system. GoldBroker allows for large purchases of gold, silver, palladium, and platinum, with prices available in 110+ fiat currencies.

GoldBroker ranks as one of the best places to buy physical metals thanks to its dedication to top-tier security. All precious metals are kept in your name in a secure vault, based in Switzerland, Toronto, New York, or Singapore.

The fees: There is a minimum investment of £10,000 for your first order and £5,000 after that. Storage fees start from 1.50% with a £100 maintenance fee if the value of your investment is less than £20,000. Storage fees are reduced the more assets you hold.

Highlights

Visit GoldBroker GoldBroker Review

6. Public. Best for sharing beginner trading ideas

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public.com logo

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Commission free stock and ETF investing Share and compare your portfolio on a social trading platform Trade crypto, fractional shares, and alternative investments
You can't trade on margin or use leverage No forex, options, funds, metals, or bonds

Overview

We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.

Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.

The fees: There are no fees for investing in stocks during regular trading hours in the US – 9.30am-4pm EST. There is a $2.99 fee for trades outside of regular hours. Alternative investments, including cryptocurrency, are charged a 2.5% fee per transaction.

Highlights

Visit Review
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

How should I choose the best gold trading platform?

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There are hundreds of gold trading platforms available today and choosing the right broker can take some time. We asked our commodity experts for their top tips when it comes to choosing the best gold trading platforms and you can use the guide below to learn how to select the best gold broker. 

Does the broker have a good reputation?

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A gold broker’s reputation is built over time, so make sure you find one with many years in business. An experienced broker will already have navigated the ups and downs in the gold market cycles, so it will know how to protect your assets in uncertain times. 

Use reviews from other customers to help with your selection. A broker with a long list of satisfied clients is a better option than one with a troubled history. Taking the time to evaluate reputation can save you from problems down the line. 

Does it specialise in the gold products I’m interested in?

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Some brokers focus on physical bullion, others on gold futures or gold CFDs. If you want to invest in physical gold bars or coins, choose a broker specialising in production, storage, and delivery. If your focus is on speculating on the price of gold, trading CFDs or gold futures is generally the best option. 

You can speculate on the price of gold in a range of ways. A gold CFD broker will always offer spot gold markets (XAU/USD) for you to trade on. Some also let you trade gold CFDs against other currencies like XAU/EUR or even against crypto like XAU/BTC. Whatever your preference, make sure your broker has the products you’re interested in. 

What fees and commissions will I pay?

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Fees for buying gold are generally charged through a spread or commission. You must consider storage, delivery, and even insurance if you’re buying physical gold. Compare the upfront costs, storage fees, and commissions to buy and sell charged by a shortlist of brokers. Hidden fees are a red flag, and you should prioritise brokers with competitive rates. 

How does the broker determine gold pricing for buyers and sellers?

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Pricing models differ among brokers. Some base prices on spot gold rates, adding a markup. Others apply an asset premium tied to demand. Look for clear explanations of how the broker prices your holdings. Sometimes what you see on the screen is not true, so this is an important step, especially if you’re a short term trader. 

Is the broker properly licensed and compliant with regulations?

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Legitimate brokers must be licensed by organisations like the FCA and CySEC. Regulated brokers must meet strict rules, such as keeping client funds in segregated accounts and offering compensation schemes. Avoid using unlicensed brokers; you can easily check licence numbers and compliance records on a regulator’s website.

Can I trade online and via a mobile?

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The best gold trading brokers offer state-of-the-art online and mobile platforms for easy account access and gold trading software from anywhere. Pick a broker with platform features important to you, such as alerts, price charts, or expert analysis. Many gold CFD brokers offer MetaTrader 4 or TradingView, among the most popular retail trading platforms around. If you want to trade on the go, look out for a broker that offers a gold trading app.  

Is customer service reliable?

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You want to choose an accessible spot gold broker that provides responsive customer service and rapid handling of inquiries. Test out customer support before depositing funds using the broker’s online chat or email. If support is poor, it could mean frustrating delays when you need assistance.  

What leverage is available?

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Short term speculators can use leverage to increase their buying power. Depending on your country of residence and your broker’s regulator, the amount of leverage available will differ. Gold CFDs usually have the highest leverage, ranging anywhere between 1:2 all the way up to 1:500. But be aware of trading gold with high leverage as it can be a slippery slope if you don’t know what you’re doing. 

Sign up with a gold broker

What are the different types of Gold brokers?

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Gold can be bought, sold, or traded through various methods. You can buy physical gold, gold stocks, and even trade it via CFDs or futures. Below is an explanation of the different types of gold brokers. 

Physical gold brokers

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Physical gold brokers let you purchase tangible gold assets like bullion bars and coins. Usually, physical gold brokers also offer secure storage services, shipping, and insurance to investors wanting direct ownership of gold they can hold. Holding physical gold provides a tangible asset unconnected to financial markets.

Gold stock brokers

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You can use any stockbroker to buy shares of gold mining companies. While not direct gold ownership, these stocks offer exposure to gold prices. As the value of gold increases, a gold stock will likely increase in value, too. The same goes for when its value drops. Gold shares can experience high volatility but may offer dividends and better liquidity. 

Gold ETF brokers

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Gold ETFs (exchange-traded funds) are securities that mimic the performance of gold bullion. Many of the best online brokers also offer ETFs, which are often the easiest way to invest in gold.

Gold ETF brokers provide a means to buy and sell shares tracking gold prices without direct physical purchase. 

Gold spread betting/CFD brokers

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Spread betting and CFD brokers let you speculate on gold price movements without ownership. CFD trading is especially popular among day traders due to the ability to obtain high leverage. With CFDs and spread betting, traders can profit from small movements in the price of gold. 

Gold futures brokers

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These brokers deal in gold futures contracts for delivery at set dates in the future. Futures represent a commitment to buy or sell gold at a predetermined price at some point in the future. This allows speculators to hedge against or profit from anticipated price changes. It involves high risk and leverage and is not recommended for beginners.

Gold options brokers

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Options brokers provide access to contracts granting the right, but not the obligation, to buy or sell gold at a set “strike” price on the expiration date. Call options bet on price rising, while put options bet on prices falling. Options trading is a complicated process but can potentially reduce risks over futures.

How much do Gold trading platforms cost?

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It depends on lots of factors. A physical gold broker usually has higher trading fees, as you may need to pay for storage, delivery, and insurance. CFD gold trading platforms charge spreads, commissions, or a combination of both. For spot gold, spreads typically start at around 0.30 points. Commissions can be as high as 1% or more. 

You may also encounter other trading fees for using specialised services on the platform. This could include advanced technical tools such as indicators or in-depth price information. Some gold trading platforms even charge a small fee for withdrawing your profits. 

What are the key features of the gold market?

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The gold market is vast and includes a range of entities such as miners, extractors, buyers, sellers, producers, and more. Not only is gold one of the most traded commodities, it has real world use for things such as jewellery. It’s also a safe haven and governments around the world hold tonnes of it at any given time. Here are a few more features of the gold market. 

  • It’s a highly liquid market. Gold trades 24/7 across the world. The amount of gold traded daily is high, making it easy to buy and sell at competitive prices. It’s recognised universally as a monetary asset. 
  • Gold is priced in ounces and grams. Gold is priced by weight, most commonly in troy ounces or grams. An ounce may not seem like much, but in terms of gold, its value can run into the thousands. Small differences in weight equate to big price differences. 
  • Macroeconomic forces impact its price. A wide range of macroeconomic factors play a role in gold’s value. Things like inflation, currency values, interest rates, and stock markets influence gold prices. One important feature of gold is it often moves counter to other investments, making it a good way to diversify a portfolio. 
  • You can trade physical or paper gold. Like other assets, gold trades physically and through paper assets. Physical gold includes bars and coins, while paper assets like futures ETFs, and CFDs can be used for price speculation. 
  • Gold is used as a safe haven asset. Gold bars act as a hedge against risk in uncertain times. Being a tangible asset, gold is seen as immune to political and monetary crises, so its price often rallies during uncertain economic times. 
  • It has a similar supply and demand dynamic to other commodities. Just like any other commodity, such as silver or oil, gold’s price fluctuates with supply and demand. When supply from mining production is high, its value can drop. When demand from buyers is high, its value can rise. 
  • New gold deposits are continually being discovered and mined. Gold is mined in a few regions across the globe. While new deposits are often discovered, extraction is expensive, keeping global supply relatively tight and prices elevated.

Should I use a Gold broker?

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If you want to trade or buy gold, using a reputable gold broker is advisable. Unless you are an institutional trader with direct market access, brokers provide the most convenient way to buy, sell, and speculate on gold prices. 

Choosing the right broker can save you from future problems while empowering you with the tools and platforms to buy gold. Depending on your investment goals and risk appetite, brokers offer exposure to gold prices through various avenues. You can buy gold stocks, ETFs, CFDs, or futures contracts. 

Using established gold trading accounts with a track record of success can give you peace of mind when trading gold. It’s important to consider all aspects of a broker before choosing one, including pricing, fees, and policy transparency. While no broker is completely risk free, most are safe and using one is the best option when buying or trading gold. 

What are the risks of using a Gold broker?

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Pros

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  • You can start investing or trading gold with very little money (£10)
  • Gold is considered a safe haven commodity
  • Using a gold broker will give you the best and most up to date prices
  • Some gold brokers may offer deposit bonuses
  • You can use leverage to magnify your profits

Cons

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Register with a gold broker >

Methodology: How did we choose the best gold brokers?

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Helping people make better financial decisions is at the heart of our mission at Invezz. 

We periodically test more than 63 gold brokers to provide our users with clear, accessible guidance on the investing options available. All testing is carried out by our panel of Gold experts, analysts, and active traders who sign up to each Gold trading platform, conduct research, and score each service.

Our tests are designed to find services that offer a beginner-friendly, secure commodity trading experience at a fair price. To supplement our practical testing and experience, we research each Gold broker to gather any further relevant information. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

Each Gold trading platform is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with individual Gold brands to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process

FAQs

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Can you store Gold at home?
Do Gold dealers report to the IRS?
Which broker has the lowest spread for Gold?
Can I trade Gold on MetaTrader?
What is the best Gold trading broker for beginners?
What is the best Gold trading broker for professionals?
Can I trade Gold without a broker?
What is the safest way to buy Gold?


Sources & references
Risk disclaimer
Prash Raval
Financial Writer
Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.