Compare Precious Metals Brokers (2026)

Last updated August 14, 2026

The 34 best metals brokers ranked side-by-side — spreads, regulation, minimum deposit, and the head-to-head matchups that matter.

How We Ranked

Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.

Regulated brokersLow spreadsFast withdrawals
BrokerAnalysis Research Desk

Written by

BrokerAnalysis Research Desk

BrokerAnalysis Editorial Team

Fact Checked by

BrokerAnalysis Editorial Team

Top Shortlist for Global

#1
GO Markets
GO Markets
Review
#2
Pepperstone
Pepperstone
Review
#3
VT Markets
VT Markets
Review
Full Comparison
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Last reviewed:
By:BrokerAnalysis Research Desk
Fact-checked by:BrokerAnalysis Editorial Team
Last verified: Aug 2026

Our 2 top picks for Compare Precious Metals

We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.

#1 · Best for Compare Precious Metals
GO Markets

GO Markets

Min. deposit $0
  • Highly regulated by ASIC and CySEC
  • Competitive ECN spreads from 0.0 pips
  • Excellent range of platforms (MT4, MT5, cTrader, TradingView)
ASIC (Australia), CySEC (Cyprus), FSC (Mauritius)
#2 · Best alternative
Pepperstone

Pepperstone

Min. deposit $0 (Recommended $200)
  • Top-tier liquidity with frequent 0.0 pip spreads
  • Exceptional platform choice including TradingView and cTrader
  • Award-winning 24/5 customer support
ASIC (Australia), FCA (UK), CySEC (Cyprus)

Why these two

Both brokers are shortlisted specifically for Compare Precious Metals, are regulated, and accept clients for this use case — we gate on regulation and safety first, then rotate the headline across the brokers that genuinely qualify so the same two names don't lead every page. Everything below is the fuller comparison.

CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Trade only what you can afford to lose.

What are the best metals brokers in 2026?

The best metals brokers in 2026 are led by Pepperstone, Exness, VT Markets. They were ranked on regulation, spreads, minimum deposit, and platform support, and every figure in the comparison comes from verified broker data.

How we compare metals brokers

Precious-metal CFDs span gold, silver, platinum, and palladium. Our current ranking starts with GO Markets where it is available, followed by Pepperstone, VT Markets, and Exness. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account.

How these brokers compare

12 brokers · how we rank

Side-by-side ranking of the best metals brokers in 2026.

BrokerWithdrawalWhy This BrokerExecution TypeRegulation & fundingAction
GO Markets4.5/5.0
0.0 pips (GO Plus+) | 1.1 pips (Standard)$01-2 business days#12 pick for metals: Australian traders, MetaTrader users & low-cost ECN accounts.STP / ECN
ASIC (Australia)CySEC (Cyprus)FSC (Mauritius)
0.0 pips (Razor) | 1.0 pips (Standard)$0 (Recommended $200)1-2 business days#1 pick for metals: Advanced traders, automated trading & TradingView enthusiasts.NDD & STP
ASIC (Australia)FCA (UK)CySEC (Cyprus)
VT Markets4.8/5.0
0.0 pips (Raw ECN) | 1.2 pips (Standard STP)$501-2 business days#3 pick for metals: traders who want free signals, 100% deposit bonus, copy trading support, and Raw ECN pricing.ECN / STP
ASIC (Australia)FSCA (South Africa)FSC (Mauritius)
Exness4.8/5.0
0.0 pips (Raw) | 0.2 pips (Standard)$1Instant#2 pick for metals: Low-cost traders, high-volume day traders & scalpers.Market Execution
FCA (UK)CySEC (Cyprus)FSCA (South Africa)
FP Markets4.5/5.0
0.0 pips (Raw)$100Same day to 1 business day#11 pick for metals: ECN traders, scalpers & Australian clients.ECN / DMA
ASIC (Australia)CySEC (Cyprus)SVG FSA
XM4.7/5.0
0.6 pips (Ultra Low) | 1.6 pips (Standard)$524 hours#6 pick for metals: Beginners, education-focused traders & low deposit users.Market Execution
CySEC (Cyprus)ASIC (Australia)DFSA (Dubai)
IC Markets4.6/5.0
0.0 pips (Raw) | 0.8 pips (Standard)$20024-48 hours#9 pick for metals: Scalpers, EA traders & low-latency algorithmic trading.True ECN
ASIC (Australia)CySEC (Cyprus)Seychelles FSA
AvaTrade4.5/5.0
0.9 pips (Standard)$1001-2 business days#10 pick for metals: Beginners, copy traders & options enthusiasts.Market Maker
Central Bank of IrelandASIC (Australia)FSCA (South Africa)
XTB4.7/5.0
0.8 pips (Standard)$0Usually same day (free for >$50)#5 pick for metals: Active European traders & stock CFD investors.Market Maker / STP
FCA (UK)KNF (Poland)CySEC (Cyprus)
MultiBank4.6/5.0
1.5 pips (Standard) | 0.0 pips + $3/lot (ECN)$5024 hours#8 pick for metals: High-volume traders who confirm which specific MultiBank entity and licence covers their country.ECN
SCA (UAE) 20200000031VARA (UAE) VL/24/06/001ASIC (Australia)
IG4.7/5.0
0.6 pips (Standard)$250 ($0 bank transfer)2-5 business days#4 pick for metals: Professional traders, US traders & comprehensive market access.Market Maker (+ DMA routing available)
FCA (UK)ASIC (Australia)CFTC/NFA (USA)
0.7 pips$01-2 business days#7 pick for metals: Advanced chartists & UK spread bettors.Market Maker
FCA (UK)ASIC (Australia)BaFin (Germany)
Rank 01 · best overall
GO Markets4.5/5.0
Spread
0.0 pips (GO Plus+) | 1.1 pips (Standard)
Min dep.
$0
Withdrawal
1-2 business days
Why This Broker
#12 pick for metals: Australian traders, MetaTrader users & low-cost ECN accounts.
Execution Type
STP / ECN
ASIC (Australia)CySEC (Cyprus)FSC (Mauritius)
Visit GO Markets Read review
Rank 02
Pepperstone4.8/5.0
Spread
0.0 pips (Razor) | 1.0 pips (Standard)
Min dep.
$0 (Recommended $200)
Withdrawal
1-2 business days
Why This Broker
#1 pick for metals: Advanced traders, automated trading & TradingView enthusiasts.
Execution Type
NDD & STP
ASIC (Australia)FCA (UK)CySEC (Cyprus)
Visit Pepperstone Read review
Rank 03
VT Markets4.8/5.0
Spread
0.0 pips (Raw ECN) | 1.2 pips (Standard STP)
Min dep.
$50
Withdrawal
1-2 business days
Why This Broker
#3 pick for metals: traders who want free signals, 100% deposit bonus, copy trading support, and Raw ECN pricing.
Execution Type
ECN / STP
ASIC (Australia)FSCA (South Africa)FSC (Mauritius)
Visit VT Markets Read review
Rank 04
Exness4.8/5.0
Spread
0.0 pips (Raw) | 0.2 pips (Standard)
Min dep.
$1
Withdrawal
Instant
Why This Broker
#2 pick for metals: Low-cost traders, high-volume day traders & scalpers.
Execution Type
Market Execution
FCA (UK)CySEC (Cyprus)FSCA (South Africa)
Visit Exness Read review
Rank 05
FP Markets4.5/5.0
Spread
0.0 pips (Raw)
Min dep.
$100
Withdrawal
Same day to 1 business day
Why This Broker
#11 pick for metals: ECN traders, scalpers & Australian clients.
Execution Type
ECN / DMA
ASIC (Australia)CySEC (Cyprus)SVG FSA
Visit FP Markets Read review
Rank 06
XM4.7/5.0
Spread
0.6 pips (Ultra Low) | 1.6 pips (Standard)
Min dep.
$5
Withdrawal
24 hours
Why This Broker
#6 pick for metals: Beginners, education-focused traders & low deposit users.
Execution Type
Market Execution
CySEC (Cyprus)ASIC (Australia)DFSA (Dubai)
Visit XM Read review
Rank 07
IC Markets4.6/5.0
Spread
0.0 pips (Raw) | 0.8 pips (Standard)
Min dep.
$200
Withdrawal
24-48 hours
Why This Broker
#9 pick for metals: Scalpers, EA traders & low-latency algorithmic trading.
Execution Type
True ECN
ASIC (Australia)CySEC (Cyprus)Seychelles FSA
Visit IC Markets Read review
Rank 08
AvaTrade4.5/5.0
Spread
0.9 pips (Standard)
Min dep.
$100
Withdrawal
1-2 business days
Why This Broker
#10 pick for metals: Beginners, copy traders & options enthusiasts.
Execution Type
Market Maker
Central Bank of IrelandASIC (Australia)FSCA (South Africa)
Visit AvaTrade Read review
Rank 09
XTB4.7/5.0
Spread
0.8 pips (Standard)
Min dep.
$0
Withdrawal
Usually same day (free for >$50)
Why This Broker
#5 pick for metals: Active European traders & stock CFD investors.
Execution Type
Market Maker / STP
FCA (UK)KNF (Poland)CySEC (Cyprus)
Visit XTB Read review
Rank 10
MultiBank4.6/5.0
Spread
1.5 pips (Standard) | 0.0 pips + $3/lot (ECN)
Min dep.
$50
Withdrawal
24 hours
Why This Broker
#8 pick for metals: High-volume traders who confirm which specific MultiBank entity and licence covers their country.
Execution Type
ECN
SCA (UAE) 20200000031VARA (UAE) VL/24/06/001ASIC (Australia)
Visit MultiBank Read review
Rank 11
IG4.7/5.0
Spread
0.6 pips (Standard)
Min dep.
$250 ($0 bank transfer)
Withdrawal
2-5 business days
Why This Broker
#4 pick for metals: Professional traders, US traders & comprehensive market access.
Execution Type
Market Maker (+ DMA routing available)
FCA (UK)ASIC (Australia)CFTC/NFA (USA)
Visit IG Read review
Rank 12
CMC Markets4.6/5.0
Spread
0.7 pips
Min dep.
$0
Withdrawal
1-2 business days
Why This Broker
#7 pick for metals: Advanced chartists & UK spread bettors.
Execution Type
Market Maker
FCA (UK)ASIC (Australia)BaFin (Germany)
Visit CMC Markets Read review

We earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology. High risk: 68–80% of retail CFD accounts lose money.

In-Depth Broker Analysis

Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.

GO Markets logo
Our Rating
4.5/5.0
Best ForAustralian traders, MetaTrader users & low-cost ECN accounts
Min Deposit$0

GO Markets Review Summary

GO Markets is a multi-regulated broker with MT4, MT5, cTrader, TradingView access, 0.0 pips (GO Plus+) | 1.1 pips (Standard) on EUR/USD, and $0 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Highly regulated by ASIC and CySEC
  • Competitive ECN spreads from 0.0 pips
  • Excellent range of platforms (MT4, MT5, cTrader, TradingView)
Cons
  • Customer support limited on weekends
  • Standard account spreads are average
Pepperstone logo
Our Rating
4.8/5.0
Best ForAdvanced traders, automated trading & TradingView enthusiasts
Min Deposit$0 (Recommended $200)

Pepperstone Review Summary

#1 on this metals comparison, rated 4.8/5. Best positioned for: Advanced traders, automated trading & TradingView enthusiasts. Front-line verdict: Top-tier liquidity with frequent 0.0 pip spreads.

Pros
  • Top-tier liquidity with frequent 0.0 pip spreads
  • Exceptional platform choice including TradingView and cTrader
  • Award-winning 24/5 customer support
Cons
  • Educational content is good but not standard-setting
  • No proprietary mobile app (relies on MetaQuotes/cTrader apps)
VT Markets logo
Our Rating
4.8/5.0
Best Fortraders who want free signals, 100% deposit bonus, copy trading support, and Raw ECN pricing
Min Deposit$50

VT Markets Review Summary

#3 on this metals comparison, rated 4.8/5. Best positioned for: traders who want free signals, 100% deposit bonus, copy trading support, and Raw ECN pricing. Front-line verdict: 100% deposit bonus on first deposit (minimum deposit $50).

Pros
  • 100% deposit bonus on first deposit (minimum deposit $50)
  • Raw ECN account with 0.0 pip spread potential
  • MT4 and MT5 available across desktop and mobile
Cons
  • Entity, leverage, and protection level vary by country
  • Free signals are educational support, not profit guarantees
Exness logo
Our Rating
4.8/5.0
Best ForLow-cost traders, high-volume day traders & scalpers
Min Deposit$1

Exness Review Summary

#2 on this metals comparison, rated 4.8/5. Best positioned for: Low-cost traders, high-volume day traders & scalpers. Front-line verdict: Ultra-tight spreads from 0.0 pips.

Pros
  • Ultra-tight spreads from 0.0 pips
  • Instant automated withdrawals 24/7
  • Unlimited leverage options
Cons
  • No cTrader or TradingView integration
  • Educational resources are relatively basic
FP Markets logo
Our Rating
4.5/5.0
Best ForECN traders, scalpers & Australian clients
Min Deposit$100

FP Markets Review Summary

FP Markets is a multi-regulated broker with MT4, MT5, cTrader, IRESS access, 0.0 pips (Raw) on EUR/USD, and $100 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • True ECN pricing from 0.0 pips
  • ASIC and CySEC regulated
  • cTrader and IRESS platforms
Cons
  • $100 minimum deposit
  • IRESS platform has additional fees
XM logo
Our Rating
4.7/5.0
Best ForBeginners, education-focused traders & low deposit users
Min Deposit$5

XM Review Summary

XM is a multi-regulated broker with MT4, MT5, XM App access, 0.6 pips (Ultra Low) | 1.6 pips (Standard) on EUR/USD, and $5 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Outstanding daily webinars and educational courses
  • No deposit or withdrawal fees
  • Strict no re-quotes policy with 99.35% execution in <1s
Cons
  • Spreads on Standard account are wider than competitors
  • No crypto trading on weekends
IC Markets logo
Our Rating
4.6/5.0
Best ForScalpers, EA traders & low-latency algorithmic trading
Min Deposit$200

IC Markets Review Summary

IC Markets is a multi-regulated broker with MT4, MT5, cTrader, TradingView access, 0.0 pips (Raw) | 0.8 pips (Standard) on EUR/USD, and $200 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Consistently deepest liquidity and tightest raw spreads (0.0)
  • Servers located in NY4 & LD5 datacenters for <40ms latency
  • No restrictions on scalping, hedging, or EAs
Cons
  • Customer service can be slower during peak times
  • Protection and leverage depend heavily on your account entity
AvaTrade logo
Our Rating
4.5/5.0
Best ForBeginners, copy traders & options enthusiasts
Min Deposit$100

AvaTrade Review Summary

AvaTrade is a multi-regulated broker with MT4, MT5, AvaTradeGO, WebTrader, AvaOptions, AvaSocial access, 0.9 pips (Standard) on EUR/USD, and $100 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Heavily regulated across 7+ jurisdictions
  • Excellent mobile app (AvaTradeGO)
  • DupliTrade and AvaSocial copy trading
Cons
  • Spreads slightly wider than ECN brokers
  • Inactivity fee after 3 months
XTB logo
Our Rating
4.7/5.0
Best ForActive European traders & stock CFD investors
Min Deposit$0

XTB Review Summary

#5 on this metals comparison, rated 4.7/5. Best positioned for: Active European traders & stock CFD investors. Front-line verdict: Award-winning xStation 5 proprietary platform is fast and intuitive.

Pros
  • Award-winning xStation 5 proprietary platform is fast and intuitive
  • 0% commission on real stocks and ETFs up to €100k/month
  • Publicly traded company with transparent financials
Cons
  • Phased out MT4 in many regions
  • No longer offers a raw/ECN zero-spread account format
MultiBank logo
Our Rating
4.6/5.0
Best ForHigh-volume traders who confirm which specific MultiBank entity and licence covers their country
Min Deposit$50

MultiBank Review Summary

MultiBank is a multi-regulated broker with MT4, MT5 access, 1.5 pips (Standard) | 0.0 pips + $3/lot (ECN) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Real UAE SCA and VARA licences plus additional entity-specific regulators
  • Large claimed paid-up capital ($322M+)
  • Tight ECN commission ($3/lot)
Cons
  • Marketing claims of '18+ regulators' are inflated — some versions of that count include non-trading registries
  • $60/month inactivity fee is aggressive

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Frequently Asked Questions About Compare Precious Metals Brokers ()

Frequently Asked Questions

Exness, VT Markets, XM currently lead our metals ranking. Exness ranks #1 with 4.8/5, FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles) licensing, and EUR/USD from 0.0 pips (Raw) | 0.2 pips (Standard). The whole group averages 0.3 pips on EUR/USD with minimum deposits from $0.
For metals trading, the brokers that lead the ranking combine three things: a Tier-1 licence where available (33 of the 34 here hold one), total trading cost under control (group spreads 0.0–1.5 pips, deposits $0–$2500), and maximum leverage up to 1:10000 for the accounts that need it. Precious-metal CFDs span gold, silver, platinum, and palladium.
33 of the 34 brokers on this page hold at least one Tier-1 licence (FCA, CySEC, ASIC, or equivalent) and the remaining 1 are Tier-2/3 licensed — the licence tier determines leverage limits, deposit methods, and compensation-scheme coverage. Every broker is independently reviewed on this site, and each review page lists the entities it contracts through and their regulators.
Ranking is computed from centralBrokerDatabase fields: overall rating, regulatory tier coverage, EUR/USD spread, minimum deposit, and platform support. For this metals comparison the broker set was filtered to 34 public brokers that actually match the niche, then ranked by rating with Tier-1 coverage as the tiebreaker — every figure in the table traces back to a verifiable database field.
All brokers listed on this page offer gold (XAU/USD) CFD trading to traders worldwide. Each has been verified for competitive gold spreads, USD deposit support, and regulated status.
A competitive gold (XAU/USD) spread is $0.15-0.25 per ounce on a raw/ECN account. Standard accounts typically offer $0.30-0.50. Anything above $0.50 is expensive. Compare gold-specific spreads in the table above.
EU-regulated accounts offer up to 20:1 leverage on gold. International entities may offer 100:1 to 500:1. Higher leverage amplifies both profits and losses — gold can move $20-50 per ounce in a single day.

Top Searched Questions

How do I choose a reliable forex broker in 2026?

Start by verifying the broker holds a Tier-1 license (FCA, ASIC, or CySEC). Compare raw spreads on EUR/USD, check withdrawal processing times, and test the demo account. BrokerAnalysis independently tests 67+ brokers each quarter using real funded accounts.

What makes a forex broker the 'best' overall?

The best forex broker combines Tier-1 regulation, spreads from 0.0 pips on raw accounts, fast execution under 50ms, a wide range of 70+ currency pairs, and transparent fee structures. Our testing ranks brokers across 8 categories including safety, costs, and platform quality.

Which forex brokers are consistently top-rated?

Consistently top-rated brokers typically hold multiple Tier-1 licenses, maintain segregated client funds, and offer competitive raw spreads. Brokers like IC Markets, Pepperstone, and FP Markets consistently score above 4.5/5 in independent testing by BrokerAnalysis.

What is forex trading and how does it work?

Forex trading involves buying one currency while selling another, profiting from exchange rate fluctuations. The forex market operates 24/5, processes $7.5 trillion daily, and is accessible through online brokers with as little as $10. Traders use technical and fundamental analysis to make decisions.

What is the best forex trading platform to use?

MetaTrader 4 remains the most popular platform for its reliability and Expert Advisor support. MetaTrader 5 adds depth-of-market and more timeframes. TradingView excels at charting, while cTrader offers the best market depth for active traders. Your ideal platform depends on your trading style.

How do forex trading platforms differ from each other?

MT4 is best for EA automation and beginner simplicity. MT5 adds stock CFDs and economic calendar integration. cTrader provides Level II pricing and algorithmic trading via cAlgo. TradingView offers social charting with 100+ indicators. Choose based on whether you prioritize automation, analysis, or execution speed.

What features should a trading platform have?

A quality trading platform needs: one-click execution, customizable charts with 50+ technical indicators, pending order types (limit, stop, trailing stop), mobile app parity, demo account access, and reliable uptime above 99.9%. Platform stability during high-volatility news events is critical.

How does the forex market work?

The forex market is a decentralized global marketplace where currencies trade in pairs. It operates across four major sessions (Sydney, Tokyo, London, New York), runs 24 hours on weekdays, and is the largest financial market with $7.5 trillion in daily volume. Prices move based on economic data, central bank policy, and geopolitics.
Information automatically localized based on "forex brokers" and related trends.

Sources & References

  1. Pepperstone
  2. Exness
  3. XM
  4. BrokerAnalysis
  5. BrokerAnalysis
  6. BrokerAnalysis

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Regional Availability Notice

Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows the country-acceptance status captured in our latest eligibility checks.