Best Precious Metals Brokers 2025
From gold to platinum, we tested the top brokers for precious metals trading in 2025 – here’s who made the cut.
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1Interactive Brokers (IBKR) is a top brokerage firm offering access to 150 markets in 33 countries and a range of investment services. With 40 years in the field, this company listed on Nasdaq strictly follows the rules set by authorities such as the SEC, FCA, CIRO, and SFC. It's recognized as one of the most reliable brokers for global trading.
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2Founded in 2004, Dukascopy Bank SA is a Swiss online bank and brokerage offering trading on over 1,200 instruments, including binary options. It provides various accounts (JForex, MT4/5, Binary Options) and advanced platforms (JForex, MT4/MT5) with strong tools and market data for active traders.
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3Founded in 2006, AvaTrade is a top forex and CFD broker trusted by over 400,000 traders. Regulated in 9 regions, it handles more than 2 million trades monthly. AvaTrade offers platforms like MT4, MT5, and WebTrader, with over 1,250 instruments. Traders of all levels can explore CFDs, AvaOptions, and AvaFutures for short-term trading. AvaTrade provides excellent education and 24/5 multilingual customer support for a complete trading experience.
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4Founded in 1999, Deriv is an innovative broker serving over 2.5 million global clients. The firm offers CFDs, multipliers, and recently, accumulators, along with unique derived products for flexible short-term trading.
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5Pepperstone, established in Australia in 2010, is a highly-regarded forex and CFD broker serving more than 400,000 international clients. It provides access to over 1,300 instruments through leading trading platforms such as MT4, MT5, cTrader, and TradingView, while keeping fees relatively low and transparent. The company is regulated by known authorities including FCA, ASIC, and CySEC, offering a safe trading environment for all.
Compare the Best Brokers for Precious Metals Trading Across Key Features
We’ve compared the leading platforms for trading gold, silver, platinum, and more—see how they perform across key areas:
| Broker |  |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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✓ | ✓ | $0 | $100 | 1:50 | ✗ | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF | Capitalise.ai & TWS API | ✓ | ✗ | |
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✓ | ✓ | $100 | 0.01 Lots | 1:200 | ✗ | FINMA, JFSA, FCMC | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, Binary Options | JForex, MT4, MT5 | USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, PLN, CZK, AED, SAR, HUF, MXN | Yes (EAs & FIX APIs) | ✗ | ✗ | |
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✓ | ✓ | $300$100 | 0.01 Lots | 1:30 (Retail) 1:400 (Pro) | ✓ | ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFM | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures | WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade | USD, EUR, GBP, CAD, AUD | Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | |
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✓ | ✓ | $5 | 0.01 Lots | 1:1000 | ✓ | MFSA, LFSA, BVIFSC, VFSC, FSC, SVGFSA | CFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFs | Deriv Trader, Deriv X, Deriv Go, MT5, cTrader, TradingView | USD, EUR, GBP | Expert Advisors (EAs) on MetaTrader, DBots | ✗ | ✗ | |
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✓ | ✓ | $0 | 0.01 Lots | 1:30 (Retail), 1:500 (Pro) | ✓ | FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto (only Pro clients), Spread Betting | MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade, Quantower | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD | Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | |
| Broker | |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
How Safe Are the Top Precious Metals Trading Platforms?
Security is essential when trading precious metals. See how these brokers protect your funds:
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Precious Metals Trading Platforms – Compared
We tested mobile apps that support precious metals trading. Here’s how the top brokers perform on the go:
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
|---|---|---|---|---|
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iOS & Android | ✓ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Are the Top Precious Metals Trading Brokers Beginner-Friendly?
New to trading precious metals? Here’s which brokers offer user-friendly platforms, solid education, and low entry barriers:
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $0 | $100 | ✓ | ✗ | ||
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✓ | $100 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $300$100 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $5 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $0 | 0.01 Lots | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Are the Top Precious Metals Trading Brokers Good for Advanced Traders?
Experienced metals traders need powerful tools and fast execution. See which brokers deliver for advanced strategies:
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Capitalise.ai & TWS API | ✗ | ✗ | ✓ | ✗ | 1:50 | ✓ | ✓ |
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Yes (EAs & FIX APIs) | ✗ | ✓ | ✗ | ✗ | 1:200 | ✗ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✗ | ✓ | ✗ | ✓ | 1:30 (Retail) 1:400 (Pro) | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader, DBots | ✗ | ✗ | ✗ | ✗ | 1:1000 | ✓ | ✓ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✓ | ✓ | ✓ | 1:30 (Retail), 1:500 (Pro) | ✓ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Precious Metals Brokers 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
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✓ | USD: 4.8%, GBP: 4.7% | ✗ | ✓ | ✓ | ✗ | ✓ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✓ | ✗ | ✗ | ✗ |
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✓ | USD: 2.7% | ✓ | ✗ | ✗ | ✓ | ✓ | ✗ | ✓ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✓ | ✗ | ✓ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Ratings: Best Brokers for Precious Metals Trading
Check out our expert ratings on the best precious metals brokers - covering tools, support, research, and more:
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Precious Metals Brokers Compared on Trading Costs
We analyzed spreads, commissions, and hidden fees to compare real trading costs across the top brokers for precious metals:
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | $0 | 0.003 | 0.08-0.20 bps x trade value | 0.12%-0.18% | |
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✗ | CHF 100 | 0.1 | 0.1 | 0.1 | |
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✓ | $50 | 0.13 | 0.9 | BTC <1%, ETH 2% | |
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✗ | $25 | 0.59 (Apple) | 1.4 | From 0.5 | |
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✓ | $0 | 0.02 | 0.1 | BTC 30, ETH 0 | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Which Precious Metals Trading Brokers Are Most Popular?
Find out which brokers attract the most precious metals traders—revealing the most trusted names in the space:
| Broker | Popularity |
|---|---|
| Interactive Brokers |
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| Deriv |
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| Pepperstone |
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| Dukascopy |
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| AvaTrade |
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Why Trade With Interactive Brokers?
Interactive Brokers is ideal for seasoned traders due to its robust charting platforms, updated data, and adaptability, especially with the IBKR Desktop application. Its exceptional pricing and advanced order features appeal to traders, and its variety of stocks remains unmatched in the market.
Pros
- IBKR, primarily designed for skilled traders, has expanded its appeal recently by eliminating its initial $10,000 deposit requirement.
- IBKR is a highly regarded brokerage, regulated by prime authorities. This ensures the safety and reliability of your trading account.
- There's a large selection of free or paid research subscriptions available to all traders. If you subscribe to Toggle AI, you will also receive commission refunds from IBKR.
Cons
- Only one active session per account is allowed, which means you can't run the desktop version and mobile app at the same time. This can sometimes lead to a frustrating trading experience.
- Customer service may take time to respond, and there may be delays in fixing problems based on tests. It could be difficult to reach the customer service promptly.
- TWS's platform may be difficult for beginners to grasp because of its complexity. Plus500's web platform, on the other hand, is more appropriate for those new to trading.
Why Trade With Dukascopy?
If you're an experienced trader, Dukascopy offers the tools you need: JForex for algorithmic strategies, competitive spreads from 0.1 pips, leverage up to 1:200, and the assurance of a Swiss-regulated bank and broker.
Pros
- The proprietary JForex platform is advanced, offering tools for algorithmic trading, detailed charting, and access to deep liquidity for traders.
- Dukascopy provides tight spreads starting at 0.1 pips, leverage up to 1:200 (based on jurisdiction), and volume-based commissions that benefit high-frequency traders.
- Dukascopy offers top-notch research, including a professional TV studio in Geneva for financial news, market analysis, and daily expert insights.
Cons
- JForex offers many features, but its complexity makes it less ideal for beginner traders who might prefer simpler platforms.
- Certain account types, like MT4/MT5 accounts, need a higher minimum deposit of $1,000. This might not be suitable for traders with limited budgets.
- Dukascopy offers educational resources and 24/7 support, but its complex platforms and tools require extensive testing and can overwhelm new traders.
Why Trade With AvaTrade?
AvaTrade provides traders with essential tools: an intuitive WebTrader, strong AvaProtect risk management, a quick 5-minute sign-up, and reliable support for fast-paced markets.
Pros
- AvaTrade enhances its products with AvaFutures, offering an alternative to trade over 35 markets with low trading margins.
- AvaTrade's support team did well in tests, responding within 3 minutes and providing local support in major regions like the UK, Europe, and the Middle East.
- Years later, AvaTrade is still among the few brokers with a custom risk management tool, AvaProtect, which insures losses up to $1M for a fee and is simple to use on the platform.
Cons
- Signing up is easy, but AvaTrade doesn't offer an ECN account like Pepperstone or IC Markets, which provides raw spreads and fast execution that many traders want.
- While the deposit process is smooth, AvaTrade doesn't support crypto payments, unlike TopFX, which caters to crypto-focused traders.
- The AvaSocial app is satisfactory but could be better. Its design, usability, and navigation between strategy providers and account management need improvement to compete with top platforms like eToro.
Why Trade With Deriv?
Deriv is perfect for active traders looking for unique methods to engage with global financial markets. It offers multipliers, accumulator options, and exclusive synthetic indices that simulate real market movements and are accessible 24/7, ensuring continuous trading opportunities outside regular market hours.
Pros
- Despite slower response times compared to other options, Deriv provides 24/7 support and is one of the few brokers that offer assistance via WhatsApp.
- After incorporating TradingView and MT5 web trader, Deriv now provides top-quality charting tools across desktop, web, and mobile.
- In 2025, Deriv updated its app with a cleaner interface, enhanced position management, and simplified contract details for smarter mobile trading, winning DayTrading.com's 'Best Trading App' award.
Cons
- Though there’s a basic blog, there is limited technical analysis or market reports available to assist traders in spotting potential opportunities.
- Besides the MFSA in the EU, Deriv does not have high-level regulatory credentials, which decreases protections such as access to investor compensation.
- The Academy, launched in 2021, is a positive step, but it offers limited education on advanced trading topics for experienced traders and lacks live webinars to train new traders.
Why Trade With Pepperstone?
Pepperstone is a leading choice for trading with low spreads, quick execution, and advanced charting for experienced traders. New traders benefit from no minimum deposit, a wealth of educational resources, and 24/7 support. Operating under ASIC regulation, Pepperstone is a top option for Australian traders and won DayTrading.com's 'Best Aus Broker' award for 2025.
Pros
- Pepperstone has won several annual DayTrading.com awards, including 'Best Overall Broker' in 2025 and 'Best Forex Broker' runner-up in 2025.
- Support for numerous top-charting platforms such as MT4, MT5, TradingView, and cTrader. These cater to different short-term trading styles, including algorithmic trading.
- Pepperstone is a low-cost broker, ideal for serious traders. The Razor account offers spreads from 0.0, with rebates up to 30% for indices and commodities, and $3 per lot for forex through the Active Trader program.
Cons
- Pepperstone does not support cTrader Copy, a popular feature in the cTrader platform available at alternatives like IC Markets, though it has launched an intuitive copy trading app.
- Despite market improvements, the crypto options provided are fewer compared to other brokers like eToro, with no chance to buy actual coins.
- Pepperstone's demo accounts last for 30 days. This might be insufficient for learning the various platforms and testing trading strategies.
Filters
How We Chose The Best Brokers For Trading Precious Metals
We dug into our evolving database of online brokers to identify the top platforms for trading precious metals. We verified that each broker offers trading in key metals, including gold, silver, platinum, and palladium.
We then ranked these precious metals brokers using our proprietary scoring system, built from over 200 data points across 8 essential categories – such as fees, platform tools, trader support, and research resources.
Finally, our hands-on testing assessed how well each broker’s software supports precious metals trading – from charting and order types to mobile usability – so you can choose the right platform for your needs.
What To Look For In a Precious Metals Broker
With years of hands-on testing under our belt – and a review panel that includes traders with real-world experience in precious metals markets – we know exactly what separates an average broker from a top-tier platform.
Here’s what to look for when choosing a brokerage to trade key metals:
Market Access
When trading precious metals, market access is where the journey begins. And we’re not just talking about a token list of gold and silver, but also platinum and palladium.
The key thing to check is how you get access. Some traders want the real-deal futures contracts on exchanges like the Chicago Mercantile Exchange (CME) or London Metal Exchange (LME).
Others prefer synthetic products like contracts for difference (CFDs) or exchange-traded funds (ETFs) that mirror the price action without needing to contend with expiries or physical delivery.
Ideally, a broker should cater to both and make switching between the two styles easy as your strategy evolves.
But here’s where things can fall short. During our investigations, we discovered that not all brokers give you direct access to top-tier exchanges. And plenty only offer a watered-down selection of precious metal CFDs, with wide spreads or limited trade hours.
Top Pick: IG nails this. We quickly discovered they offer broad, flexible access to key metals, whether you’re after traditional futures-style exposure or want to stick with CFDs. You can trade gold, silver, alongside lesser-known precious metals like palladium from one platform. And if you’re more into ETFs, we note that IG lets you go that route too, including access to commodity-based ETFs that track rare earths.
IG – Key Metals
Specific Research and Insights
If you’re trading precious metals, you need more than yesterday’s price chart and a vague “gold might rise on inflation fears” headline.
This market moves on real-world fundamentals, and sometimes fast. Think: strikes at South African platinum mines.
Quality research isn’t just a bonus, it’s a must-have. The best brokers don’t just give you a market snapshot; they break down what’s moving prices.
That includes in-depth analysis on mining activity, geopolitical risk in key producing regions—such as Russia (for palladium and platinum) and Australia (for gold)—along with sector-specific demand drivers like clean energy technology and industrial growth in China, which continue to influence the precious metals market.
Sadly, most brokers we’ve tested stop short. They’ll recycle a few economic headlines or post broad “gold outlook” pieces with little substance. But if you’re going to trade these markets with any confidence, you need to be ahead of the curve, not chasing headlines after the move.
Top Pick: CMC Markets stands out for the quality and depth of its precious metals coverage. Their ‘Insights’ section goes beyond basic recaps; you’ll regularly find commentary on EV battery metals, supply chain disruptions, mining updates, and the latest geopolitical heat zones.
In our latest tests, we’ve reviewed CMC’s AI news feature, which could automatically ping news your way depending on the assets you search and trade; that’s quite a quantum leap forward for a retail platform.
Execution Speed and Reliability
A surprise interest rate move, central bank gold purchase, or geopolitical flare-up can send precious metals prices soaring—or plunging—in moments.
If your broker lags when the market moves, you’re not just late to the party but footing the bill. A broker with fast, stable execution isn’t a “nice to have” in precious metals trading. It’s mission-critical.
The stakes are even higher with leveraged precious metal products like CFDs or futures, where minor delays can turn a smart trade into a painful loss. You want a broker that executes orders quickly and consistently — no freezing charts, dodgy fills, and slippage roulette during key market hours.
Unfortunately, not every platform we’ve evaluated is built for this. Some brokers throttle execution under load, especially during high-volatility events. Others route trades through slow or opaque networks, adding milliseconds (or worse) to every move. And when it comes to key metals, milliseconds can matter.
Top Pick: Pepperstone has earned its reputation among our testing panel as a speed-first broker, and it shows, especially when key metal markets get wild. Their infrastructure is designed for low-latency execution, with servers close to major liquidity hubs and minimal internal delays. That translates to faster entries, tighter spreads, and fewer frustrations for traders who need precision.
Because Pepperstone is a true ECN-style broker, we noted under test conditions that our trades were executed straight through to the market, not bounced around or re-quoted. If execution speed is part of your edge and in commodities, it should be. Pepperstone is the broker that keeps you in the flow, not behind the curve.
Pepperstone offers the ultra-sleek TradingView platform for precious metals trading
Data Feeds and Charts
If you’re serious about trading precious metals, you can’t afford to fly blind or squint at delayed, clunky charts. You need clean, fast, real-time data, ideally straight from the source: LME, CME, NYMEX, etc.
That includes live pricing and deeper indicators like ETF demand, futures market positioning, and central bank reserves—the stuff that moves precious metals markets under the hood.
Beyond the raw data, your charting setup matters just as much. Trading gold or silver with generic forex indicators won’t cut it. You want technical tools that reflect metal markets’ behaviour, think volume profile, seasonal patterns, and backwardation/contango overlays.
Bonus points if brokers can pull all of that into a single, smooth platform without having to duct-tape five different tools together.
But here’s the catch: most retail brokers we’ve used either hide the good data behind paywalls or simply don’t offer it. That leaves traders making decisions off laggy, limited feeds, which is not ideal when your edge depends on timing and precision.
Top Pick: XTB has a lot to offer in this department. Their xStation platform has consistently been rated highly by us as a test team because it’s clean, fast, and surprisingly feature-rich, especially regarding precious metals.
You get access to real-time CFD pricing that closely tracks primary exchange data (like CME and NYMEX), with strong charting capabilities built right in.
Even better, they offer integrated market sentiment tools and live price heat maps that help you see what’s moving across key metals without needing a Bloomberg Terminal.
xStation software from XTB
Margin and Leverage Options
One of the big reasons traders flock to precious metals is the potential for high returns with relatively small capital. That’s where leverage comes in.
But here’s the flip side: leverage without transparency is a recipe for disaster. Whether you’re trading gold CFDs, silver futures, or platinum ETFs, you need to know exactly how much margin is required and how that can shift during volatile periods.
A good broker should offer competitive leverage, but just as importantly, it should be clearly explained and consistently applied. You don’t want sudden margin calls because the broker quietly raises requirements when the market gets jumpy.
And for futures-style products, the margin mechanics should mirror the real-world contracts, not some random number cooked up by the broker.
Sadly, we’ve found some platforms bury this information in fine print or change the rules without much warning. Others offer sky-high leverage but with crazy spreads or low liquidity, which defeats the point.
The goal is balance: enough flexibility to scale your trades but with sensible risk controls.
Top Pick: FXCC gets this balance right. They offer generous but sane leverage on a wide range of precious metal CFDs, including gold and silver, and they’re refreshingly transparent about how margin works across different instruments.
You’ll find detailed breakdowns of leverage levels, margin percentages, and position sizing directly on the platform – no guessing games.
Under test conditions, we noted that their ECN-style model kept spreads tight, even when trading with leverage. So, you’re not paying a premium just to access the bigger positions.
Regulatory Oversight and Broker Credibility
Precious metals can be volatile, and not just on the charts. This corner of the trading world attracts serious players and the occasional unprofessional operator.
So before you dive in, make sure your broker isn’t just offering shiny platforms and big leverage; they should also be licensed, regulated, and have a strong reputation in the space.
A regulated broker gives you a level of protection if something goes sideways. That includes segregated client funds, complaint procedures, and some recourse if trades aren’t executed fairly.
And ideally, they’ve got specific experience in key metal markets, not just repackaged forex products with a gold label slapped on.
Top Pick: In our industry, most of us rate IG highly because it has been around for decades and is regulated in multiple top-tier jurisdictions, including the US (CFTC, NFA), UK (FCA), Australia (ASIC), and across the EU.
But beyond the paperwork, they’ve built a strong reputation in the precious metals space. They also publish regular audits, maintain client fund segregation, and have no history of sketchy behaviour, which is not something every broker can say.
Fees and Commissions
Precious metal trading margins can be razor-thin, especially if you scalp palladium volatility or swing trade silver.
That’s why keeping trading costs low is non-negotiable. High spreads or chunky commissions will eat your profits quickly, especially when the market isn’t trending.
Look for brokers that offer tight, consistent spreads on key metals, without tacking on hidden fees or widening spreads during volatile events. Transparent fee structures are also key: you should always know what you’re paying, when, and why.
Top Pick: We know that Pepperstone always delivers when it comes to competitive pricing. Their Razor account gives you ultra-tight spreads (often under 0.1 points on key metals like gold), with commissions clearly stated upfront.
They’re also great during volatile market events — spreads might widen slightly, but not in a way that punishes you. For serious traders who watch every pip and point, Pepperstone’s pricing model is a real edge.
Risk Management Tools
Precious metals can turn on a dime, for example, gold reacting to a Fed rate announcement. That’s why risk management isn’t optional. You need tools that help you manage exposure, protect capital, and avoid getting caught on the wrong side of a surprise move.
Key features to look for? Custom stop-loss and take-profit orders, trailing stops, price alerts, guaranteed stop options, and platform tools that flag increased volatility or margin risk before it’s too late.
The more proactive your broker is in helping you manage risk trading, the better your chances of surviving and thriving in these fast markets.
Top Pick: XTB offers a seriously trader-friendly risk management platform. In tests, we noted that their xStation 5 platform includes customizable stop-losses, trailing stops, and one-click tools for quickly managing open positions. Price alerts can be set with ease, and you’ll even get in-platform risk warnings if your margin usage gets too high or volatility spikes suddenly.
We like that they also provide helpful and accessible calculators so you can calculate position sizing, potential losses, and margin usage before placing a trade. This is a massive plus when dealing with leveraged metals or fast news cycles.
FAQ
What Are ‘Precious Metals’ In Online Trading?
In online trading, ‘precious metals’ refer to rare, naturally occurring metals with high economic value—most commonly gold, silver, platinum, and palladium—that are traded as financial instruments for investment, speculation, or hedging.
In our experience, they’re often available to trade in several formats, including:
- Spot markets – for immediate delivery/pricing
- Futures contracts – standardized contracts traded on exchanges like the CME
- CFDs (Contracts for Difference) – allowing traders to speculate on price movements without owning the metal
- ETFs – exchange-traded funds that track metal prices or hold physical reserves
- Options – for leveraged trading with defined risk
Why precious metals matter for traders:
- Gold is often seen as a safe-haven asset.
- Silver combines precious and industrial demand, making it more volatile.
- Platinum and palladium are heavily used in automotive and industrial sectors.
Which Precious Metals Are The Most Volatile?
| Metal | Volatility | Why |
|---|---|---|
| Palladium | Highest | Small market, supply shocks, and industrial demand make it prone to sharp swings. |
| Silver | High | Dual use (precious + industrial), speculative trading, and smaller market size. |
| Platinum | Medium | Supply concentrated in South Africa, industrial use, and less liquidity than gold or silver. |
| Gold | Lowest | Large, liquid global market with strong safe-haven demand keeps price swings more stable. |