A Good Gold Broker is one of the keys to your successful trading career.

Besides a good trading strategy and risk management, to trade gold successfully you should select a good execution and lowest spread gold broker to save trading cost and increase your profit.

Spread and Trading Cost

You may spend up to 10000 USD a year for trading cost if you select a wrong gold broker. For example: a 20 pips spread gold broker will charge you 20 USD for opening a long or short order and another 20 USD for closing/taking profit that order, so you will pay a total 40 USD per order.

Spread and Gold Trading Cost
Number of OrdersTotal CostTrading Fee
1 Order per Day$40 x 1$40 per Day
22 Orders per Month$40 x 22$880 per Month
22 x (12 months) Orders per Year$40 x 22 x 12$10,560 per Year

Trade Execution

Trade execution is important to your trading strategy and psychology, some gold brokers use bad execution practices to stop out your long/short order which make you lose confidence in your trading strategy and lower your trading profit.

List of Best Gold Brokers

Broker NameCountry & LicensesMinimum CapitalWeb
ICMarketsAustralia, ASIC200 USDClick Here To Visit
LMAXUK, FCA10,000 USDClick Here To Visit
DukascopySwitzerland, Swiss FINA200 USDClick Here To Visit
ForexUSA200 USDClick Here To Visit