Brokers for trading gold and silver

According to some traders, it is trading in precious metals that brings them the greatest profit. It is best to verify this statement in practice, but for these purposes you will need brokers for trading gold and silver.

I will provide a list of similar companies indicating spreads for the required instruments below, and before that, a little about the very features of the choice.

When taking such a responsible step, you should definitely know what you should pay attention to first.

The main points have already been described in the article “ Choosing a Forex broker ”, and now we will focus only on those that are important when trading silver and gold.

List of brokers for trading precious metals including spread:

If the spread size is indicated “from”, it is assumed that there is a floating spread, and its minimum possible size is indicated.

1. First of all, it is necessary that the necessary trading tool is simply present in the contract specification provided by the broker.

Typically, gold and silver are listed in the specification as XAUUSD and XAGUSD respectively. But there may be other options, for example, Gold and Silver records. 2. In the second aspect, this is, of course, the spread.

When trading precious metals, this is especially important, since in our case the size of the spread can range from 1 to 100, which, of course, has a significant impact on the trading result. 3. Maximum duration of transactions - usually an instrument such as precious metals is used for long-term trading, so before opening an account, check the broker for trading gold or silver for the absence of such restrictions.

In addition, it should be taken into account that the size of the commission may differ significantly depending on the type of account opened; it is clear that on cent accounts it will be several times greater than on PRO or VIP accounts.