HERE IS A LIST OF FOREX BROKERS WITH SOME OF THE LOWEST SPREADS ON GOLD
XAU/USD Lowest Spread Brokers
Trading financial markets require traders to pick a broker that puts them in the best position to maximise the chance of potential profits. One of the most important factors to look at is the spreads that a broker offers to traders. Lower spreads while trading means that traders generally pay low fees to place orders. One of the most popular markets for traders to invest in is the Gold market. The XAUUSD pair is widely popular among traders who want to dip their feet into the precious metals category of assets.
In this article, we are going to feature some of the XAUUSD lowest spread brokers and do a comparison to see which ones stand out the most. We are also going to look at the regulations, other market products, and the trading platform available for traders to use. We recommend taking a look at both minimum and average spreads as the average spread might often tell a trader what market conditions to really expect in the markets. Also please note that the spreads at each broker may change over time so we recommend visiting their official sites to see the most up-to-date information.
Without further ado, here are some of the lowest XAUUSD brokers in the world.
Comparison of XAUUSD Lowest Spread Brokers
Pepperstone
Pepperstone has one of the lowest minimum spreads for the XAUUSD pair in the market today. On this broker site, the minimum spread for this asset is a mere $ 0.5 (= 5.0 pips) which is very low. Additionally, this pair also features low average spreads of $1.5. Traders can use five different trading platforms to trade Gold CFDs alongside other assets on the Pepperstone trading site. These include MetaTrader 4, MetaTrader 5, cTrader, TradingView, and Pepperstone Trading Platform.
Other than Gold, investors can trade a variety of other assets. Specifically, traders can trade other precious metals like Silver, Platinum, and Palladium. Additionally, traders can trade other CFDs on forex, indices, commodities, cryptocurrencies, and ETFs. In total, the broker offers traders access to over 1,200 different CFDs.
The spreads on other assets are similarly low starting from 1.0 pips for major currency pairs on the standard account. On the other hand, the razor account offers traders spreads from 0.0 pips plus a commission depending on the trading platform in use. The commission on TradingView, the MetaTrader platforms, and the Pepperstone Trading Platform sits at $3.5 per side per lot. In contrast, the commission on cTrader is a lower $3 per side per lot.
Finally, Pepperstone has regulations by various organizations in different jurisdictions. These include the FCA in the UK, the ASIC in Australia, the CySEC in Cyprus, the CMA in Kenya, and the DFSA in the DIFC.
Exness
Exness offers various spread structures for traders to choose from when trading Gold. On this broker site, the spreads that traders enjoy depend on the account that a broker chooses to use. There are five different accounts that traders can use on this broker site. Both the standard and the standard cent accounts have average spreads of $2.0 (20 pips) with no commission when trading the XAUUSD pair. On the other hand, the Pro account features lower spreads that average at 12.5 pips with no commission on this pair. Further, the raw spread account has average spreads of 6.2 pips plus a commission of $3.5 per side per lot when trading Gold. Finally, the zero account has spreads as low as 0.0 pips plus a commission of $8 per side per lot.
Exness is the only broker from this list that offers on all its accounts Gold swap-free trading. So this is an ideal choice for investors who wish to stay in their Gold positions for a longer time period.
Other assets on the broker site feature similarly low spreads depending on the account a trader uses. As an example, major currency pairs have spreads from as low as 0.2 pips on the standard account with no commissions required. Speaking of other assets, traders can greatly diversify their portfolios when trading with the Exness broker site. In particular, traders can trade CFDs on forex, stocks, indices, other metals, energies, and cryptocurrencies. The trading platforms available to use include MT4, MT5, and Exness Terminal, alongside mobile apps.
As usual, we always look at the regulatory status of a company in all our reviews. Well, Exness is regulated by a variety of organizations around the world. These include the FCA in the UK, the CySEC in Cyprus, the FSCA in South Africa, and the CMA in Kenya, among others.
XM.com
Exness offers various spread structures for traders to choose from when trading Gold. On this broker site, the spreads that traders enjoy depend on the account that a broker chooses to use. There are five different accounts that traders can use on this broker site. Both the standard and the standard cent accounts have average spreads of $0.27 (2.7 pips) with no commission when trading the XAUUSD pair. On the other hand, the Pro account features lower spreads that average at 12.5 pips with no commission on this pair. Further, the raw spread account has average spreads of 6.2 pips plus a commission of $3.5 per side per lot when trading Gold. Finally, the zero account has spreads as low as 0.0 pips plus a commission of $8 per side per lot.
Exness is the only broker from this list that offers on all its accounts Gold swap-free trading. So this is an ideal choice for investors who wish to stay in their Gold positions for a longer time period.
Other assets on the broker site feature similarly low spreads depending on the account a trader uses. As an example, major currency pairs have spreads from as low as 0.2 pips on the standard account with no commissions required. Speaking of other assets, traders can greatly diversify their portfolios when trading with the Exness broker site. In particular, traders can trade CFDs on forex, stocks, indices, other metals, energies, and cryptocurrencies. The trading platforms available to use include MT4, MT5, and Exness Terminal, alongside mobile apps.
As usual, we always look at the regulatory status of a company in all our reviews. Well, Exness is regulated by a variety of organizations around the world. These include the FCA in the UK, the CySEC in Cyprus, the FSCA in South Africa, and the CMA in Kenya, among others.
FP Markets
FP Markets is another reputable broker that offers low spreads to traders when investing in the XAUUSD pair. On its standard account, the spreads on this asset start from as low as 0.2 USD (=2.0 pips) with no commission required. On its raw account, the broker offers spreads as low as 0.0 pips with an average of 0.07 points.
Other than Gold, there are other metals available to trade including Silver, Lead, Palladium, Zinc, and Copper. All of these assets are CFDs, including Gold. Additionally, there are other assets available to trade including forex currency pairs and CFDs on indices, stocks, commodities, and ETFs. This allows traders to diversify their portfolios as they wish. The trading platforms available to use include MetaTrader 4, MetaTrader 5, TradingView, Iress, and cTrader.
Further, the spreads on other assets are low when trading with FP Markets. On the broker’s standard account, spreads start from as low as 1.0 pips on forex majors with no commission required. In comparison, the raw account has spreads that start from 0.0 pips plus a commission of $3 per side per lot.
Finally, FP Markets has regulations from top-tier organisations in the market. These include the ASIC in Australia, the CySEC in Cyprus, and the FSC in South Africa, among others.
XTB
Next up, we have XTB. This broker also offers traders access to the XAUUSD pair with competitively low spreads. Gold on this broker site is available to trade against the US Dollar with spreads as low as 0.3 points (=3.0 pips). There is no commission charged while trading Gold on the XTB broker site.
Other than Gold, traders can invest in a variety of other assets. These include CFDs on forex, commodities, indices, cryptocurrencies, equities, and ETFs. These assets have similarly low spreads on the XTB trading site with spreads as low as 0.5 pips for major currencies on the broker’s standard account. Further, XTB offers traders an in-house trading platform with an intuitive interface, xStation 5.
Finally, XTB also features regulations from top organisations in the world including the FCA in the UK, the KNF in Poland, the CySEC in Cyprus, and the FSC in Belize.
OctaFX
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OctaFX is another well-known broker that offers Gold trading with competitively low spreads. On this broker site, the XAUUSD pair has a spread as low as $1.9 (=19 pips) with no commission required. Additionally, the broker promises traders no spread markups when trading. On top of that, the broker allows its traders to diversify their portfolios by investing in a variety of other assets.
Specifically, traders can trade currency pairs, stock CFDs, indices, commodities, and cryptocurrencies. These market products are available to trade on a variety of trading platforms including MetaTrader 4, MetaTrader 5, and OctaTrader. The spreads on other assets found on OctaFX are similarly low starting from 0.6 pips for major currencies on all its three accounts. Further, there are no commissions required. The regulatory status of this company is in good standing. It holds licenses from the CySEC and the FSCA.
AvaTrade
The final broker we will include on this list is AvaTrade. This broker also features low spreads on the XAUUSD pair and is worth mentioning. On the AvaTrade trading site, Gold is available to trade against the US Dollar with a spread as low as $0.27 over market.
The trading platforms available for traders to use include MetaTrader 4, MetaTrader 5, and AvaTradeGO. These trading platforms also allow traders to invest in a variety of other market products. The global markets available to trade include forex, bonds, stocks, indices, commodities, ETFs, and cryptocurrencies. Gold traders wishing to diversify their portfolios can do so without needing to leave the AvaTrade broker site. The spreads for trading other assets are low starting from 0.9 pips for major currency pairs with no commission required.
Finally, let’s see how AvaTrade’s operations are regulated, This broker is under the supervision and examination of the Central Bank of Ireland, the CySEC, the FSCA, and the ASIC, among other organizations.
Selecting the right broker is a crucial decision for traders as it helps maximize profits while minimizing costs. Nonetheless, it's crucial to consider other factors such as regulation, trading platforms, customer support, and additional fees. In this comparison of XAUUSD lowest spread brokers, several reputable brokers emerge.
The brokers we included here have low spreads plus reputable backgrounds that make them top choices for Gold traders across the world. Still, each trader must do their due diligence before investing with any broker. Remember that there are many other contenders that did not make our list.