Compare the best gold brokers in 2022

Gold is considered a safe haven and one of the most popular commodities to invest in or trade. This guide compares the best gold brokers you can use to buy the metal this year.
By:
Updated: May 29, 2022

This beginner-friendly guide compares the best gold brokers around, while ranking them on the suitability for certain criteria. Read on to learn more and find out which gold broker you should consider using this year. 

What are the best gold brokers?

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.

1
Min. Deposit
$10
Promotion
User Score
10
0% Commission & 0%
Award-winning platform
Deposit using PayPal + 9 other deposit options available (not available to US users)
Start Trading
Payment Methods:
Bank Transfer, Wire Transfer
Full Regulations:
CySEC, FCA
eToro is a multi-asset platform. 68% of retail investor accounts lose money when trading with this provider. You should consider whether you can afford to take the high risk of losing your money.
2
Min. Deposit
$0
Promotion
User Score
9.3
World's biggest online bullion market
High-security vaults based Zurich, London, Toronto, Singapore and New York
Next-day withdrawals
Start Trading
Payment Methods:
Full Regulations:
3
Min. Deposit
$10000
Promotion
User Score
8.7
Quotes for precious metals 24hrs
Secure storage in Switzerland
Physical gold and silver (high-quality bullion bars and coins
Start Trading
Payment Methods:
Full Regulations:
4
Min. Deposit
-
Promotion
User Score
8.5
Low spreads and accurate pricing reflecting the underlying market
Comprehensive analysis and new for better decision making
Take a position on major global indices
Start Trading
Payment Methods:
Bank Wire, Check, Credit Card
Full Regulations:
CFTC, FCA, IIROC, MAS, NFA
Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest.

Top gold brokers

1. eToro: Best overall

eToro is an online brokerage firm that lets you buy and sell a wide range of assets like forex, stocks, indices, and cryptocurrency. It also includes commodities and is the best broker overall to buy gold. eToro is one of the easiest brokers to use and offers a custom platform designed for both beginners and experienced users. 

Its platform has lots of features which make investing in gold an easy process. Its gold trading page is packed with information like price charts, statistics, and news. It doubles as a social trading network and on its gold trading page you’ll find a newsfeed tab. Here you will find analysis and trade signals from other users on the network.

Sign up with eToro >

68% 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

Pros

  • No commission
  • Social trading and copy trading features
  • Other assets available 
  • Easy to use platform

Cons

2. Plus500: Best for beginners

The best broker to use for beginners wanting to buy or trade gold is Plus500. It offers gold CFDs, meaning you can go both long (buy) and short (sell). When using Plus500 you’ll also have access to a range of other financial instruments such as forex, stocks, and cryptocurrency among others. 

It has a custom built platform that’s well laid out and easy to navigate, making it easy for beginners to start using immediately. When buying or selling gold on Plus500 you’ll also benefit from zero commissions and tight spreads, so you’ll be able to keep costs down. One of the key features that makes it a good fit for beginners is its vast educational tools. It has a learning academy with videos, PDFs, and other educational content.

Sign up with Plus500 >

Pros

  • Zero commission
  • Demo account available
  • Lots of educational tools 
  • Leverage available 

Cons

3. Skilling: Best for mobile

If you plan on buying and selling gold via your mobile device then the brokerage firm Skilling is your best option. Similar to Plus500 above, it offers gold CFDs and has three mobile applications to choose from: Skilling trader, Skilling cTrader, and Skilling MetaTrader 4. Each app is designed for different experience levels which means you have a lot of choice. 

Skilling trader is ideal for beginners and has zero commissions on any trades. cTrader and MetaTrader 4 are best suited to users planning on making lots of trades and using price charts with technical analysis. Skilling has lots of other features that makes it a top choice including access to leverage and a choice of other financial instruments. 

Sign up with Skilling >

Pros

  • Commission free 
  • Three mobile apps
  • Leveraged trading available 
  • Fees clearly visible on account statement

Cons

4. City Index: Best for trading

You can trade gold with all of the brokers on our list, although for the best experience you should consider using City Index. It’s a spread betting and CFD broker with over 12,000 global markets listed. Included in that are over 25 commodities including gold. When trading gold with City Index you can either use its ‘spot’ price or trade futures. For experienced traders it even offers gold options. 

Its platform is designed to give users the best trading experience. It has 16 chart types and over 80 technical indicators designed to help you perform technical analysis. It also has an app for your mobile device and a research portal where you can find the latest technical and fundamental news. 

Sign up with City Index >

Pros

  • Spread betting, CFDs, futures, and options on gold 
  • Trading fees explained clearly on website
  • Regulated by the FCA (financial conduct authority)
  • Over 12,000 other markets to trade

Cons

5. Saxo Markets: Best for different gold markets

Whatever your preferred way of buying or selling gold, you can be fairly sure that Saxo Markets has an option for you. It is an online broker that has been around for a very long time and lets investors or traders access gold through various different markets. Spot, futures, future options, options, CFDs, and ETFs are all available with the broker. 

With such a wide choice it has a market available for almost anyone – other than physical bullion. It has some of the lowest spreads and commissions around, meaning it can offer industry leading prices. It also has an award winning platform with lots of tools and features that is suitable for both traders and investors.

Sign up with Saxo Markets >

Pros

  • Access to a variety of gold markets
  • Industry leading gold prices
  • Low spreads and commissions
  • Gold ETFs available 

Cons

What is a gold broker?

It’s a company that allows you to buy and sell gold. Brokers are usually online businesses; however for assets such as gold, there are many physical brokers around. The brokers on this comparison list are all based online and offer gold in addition to a number of other financial assets. A gold broker lets you access the metal through different markets. 

Some gold brokers let you trade or invest in gold futures, while others only focus on its ‘spot’ price. Gold brokers are similar to other types of brokers and connect users to an exchange while acting as a ‘middleman’. 

How does a gold broker work?

A gold broker acts as a ‘middleman’ between an investor and an exchange. Gold brokers facilitate buy and sell orders through online trading platforms. Traditionally an investor would use a telephone to contact their broker and place an order.

Advances in technology have streamlined this process and software is now used. Platforms connect and match investors’ orders directly with other orders on the exchange. Using a gold broker is the easiest way to buy the precious metal. 

How should I choose a gold broker?

When buying gold using a broker is the best option, but there’s a lot to consider before selecting which broker to go with. We’ve covered a few factors to think about in our comparison list above and below we’ve included a few more to take into consideration when choosing a gold broker. 

  • Fees. You’ll encounter fees when using a broker to buy gold but how much they will be will depend on a number of factors. Brokers make money through spreads and commissions so make sure to check your broker’s fee schedule prior to registering.
  • Range of markets. There are lots of different ways to buy gold and which one you choose will depend on your own circumstances and objectives. If you plan to trade it then you may consider CFDs. For long term, ETFs may be more suitable. 
  • Platform. Brokers usually have online platforms for their clients. Each platform is specific to a broker so they will all be different in some aspects. Usually you can register for a demo account to test out the platform before depositing funds. 
  • Demo accounts. As we’ve just mentioned, demo accounts can be a good way to test out a platform before committing. You can also use a demo account to practice your investing or trading skills so look out for a broker that offers one. 
  • Payment fees. Some brokers charge a fee for using a certain payment method. Usually depositing via a bank card such as debit or credit is free. Withdrawing funds often comes with a charge so make sure you check the terms and conditions.
  • Security. A lot of brokers offer additional security features with their platforms. These can include things like 2 factor authentication. This means that everytime you log into your account you’re required to enter a one time passcode. 
  • Mobile app. Most brokers have mobile apps alongside their web or desktop platforms and if checking your account while on the go is important, you should make sure your brokers mobile app fits your needs. 
  • Technical tools. If you plan to trade gold for short term price movements then you’ll most likely conduct technical analysis. A broker that offers technical tools like indicators can greatly help and improve your analysis. 
  • Customer support. All brokers will offer customer support via email or live chat features. However some brokers only offer support during the day while others are 24/7. If round the clock support is important to you, make sure your broker has it. 
  • Regulation. The best brokers are regulated in multiple jurisdictions. Regulation keeps your money safe if something bad happens so make sure your broker is regulated in your region. 

Should I use a gold broker?

If you are planning to invest in or trade gold then yes you should use a gold broker. When it comes to gold, brokers can either be online or offline (physical). Most people tend to use online brokers like the ones on our list above. Using a broker will not only make it easy for your to invest in gold, but you will also benefit from the best and most up to date prices. 

What are the risks of using a gold broker?

When investing or trading gold there are always some risks involved, however gold brokers are generally considered to be safe. The main risks you’ll face is the potential loss of your investment. This is especially true for short term trading which is notoriously difficult to master. Below we’ve included some of the benefits and risks of using a gold broker.

Pros

  • 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

What are the fees for using a gold broker?

Each gold broker will have its own fee structure and there is no one size fits all. Although when it comes to investing in gold you should be prepared to incur some costs. These usually include commissions and spreads. Commission is set be the broker and is their ‘fee’ for making the trade. Spreads are the difference between the buy and sell price.

Methodology: How did we choose the best gold brokers?

We followed a strict process when we reviewed and selected the best gold brokers on this page. Each broker on our list was extensively tested and reviewed by our commodity investing and trading experts. You are able to find a full length review for each broker on our website. 

A range of factors were considered when selecting the brokers on this list. This included registering an account, making a deposit, searching for a specific market, and withdrawing funds. We ranked each process and used online research to compare brokers against each other. 

The rankings we’ve provided and the reviews on our website are not influenced by any of the brokers you see on this page. We do, however, at times earn a commission if you click on a link and register an account. To learn more about this you can visit our full review process

FAQs

What is the best gold broker?
What is a gold platform?
How much does a gold broker cost to use?
Is investing in gold safe?

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.