What are the best gold brokers in Australia?
Gold trading can be tricky if your broker doesn't offer good spreads or a good regulatory environment。
Gold trading can be tricky if your broker doesn't offer good spreads or a good regulatory environment。
Gold is often one of the most popular options for trading precious metals。Because of its unique position in the world's economic and political system, gold is almost always sought after, offering high liquidity and the opportunity to profit under almost all conditions.。It is a hedge in times of high inflation and a safe haven in times of global market turmoil。
There are many ways to get gold, one of which is to buy gold directly in physical form.。However, if the trader does not have a safe, there may be some problems。A more practical way to trade gold is through contracts for difference (CFD)。
However, traders should do this using the services of a CFD broker that can provide access to the gold market。Choosing the right broker is very important, and for gold trading, the first thing traders should focus on is spreads。In addition to this, it is highly recommended to check the regulation and security of brokers。For example, Australian traders often prefer to trade with ASIC-regulated brokers.。
1. IC Markets
IC Markets may be one of the best gold trading ASIC brokers。The broker is known for its original spread accounts, offering one of the lowest spreads on the market while being suitable for gold trading.。Currently, the minimum spread of XAU gold / USD USD in IC Markets is 0.000 points, the average spread of the original spread account is 1.083 points。For standard accounts, the minimum spread is 1 point and the average spread is 2.083 points。Standard accounts do not charge traders commissions and therefore still offer lower transaction costs。
IC Markets also offers a different way to trade gold through futures CFDs, allowing traders to enjoy spreads as low as 0 pips。To maximize their purchasing power, IC Markets offers leverage of up to 1: 500 directly from the MetaTrader 4, MetaTrader 5 or cTrader platforms without having to install a new platform dedicated to CFD trading.。
IC Markets International Capital Markets Pty Ltd.) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。
On the other hand, non-Australian traders who open accounts with the broker are registered under the Seychelles-based IC Markets SEY and are regulated by the Seychelles Financial Services Authority (SFSA).。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。
IC MarketsClassified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。
IC Markets "minimum deposits are at a moderate level compared to other ASIC-regulated brokers, as each customer has a deposit of $200.。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。
For payment methods, IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。
Due to the trading technology of IC Markets equipped with highly centralized servers and extremely low latency (especially on cTrader), the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。
In summary, IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。
2. Pepperstone
Pepperstone is another excellent gold trading broker regulated by ASIC。The broker gets very sharp pricing from Tier 1 banks and traders can get as low as 0 on spot gold.Low spread of 05 points with no commission。Pepperstone uses tiered liquidity to ensure that all commodity trades are fully completed, with no partial executions or re-quotes, and they claim a fill rate of 99..95%。Pepperstone also offers leveraged gold CFDs with no expiration or rollover。
Founded in 2010 by a team of experienced traders working together to improve online trading, Pepperstone is based in Melbourne, Australia and has grown into one of the world's largest forex brokers.。If a trader wants to find a broker that offers low spreads, fast execution and award-winning support, the answer is Pepperstone。
Pepperstone has strong legal safeguards as it is licensed by Australian regulators ASIC and FCA.。Traders "funds can be deposited into separate accounts at Australia's top banks, one of which is National Australia Bank (NAB).。Therefore, if a trader chooses to open an account in Pepperstone, the safety of funds is not an issue。
They successfully partnered with 23 top banks to bring bids to investors instantly via fiber optics, which enabled all orders to be executed 100% automatically with delays as low as zero..05 milliseconds, no need for trading desk intervention and re-quotation, and ultra-low transaction costs。
Pepperstone is trusted by more than 73,000 traders worldwide, processing an average of 125 per day..$500 million in trading volume and won awards for such things as:
- Best Forex ECN Broker and Best Forex Trading Support Worldwide 2019 (Europe)
Best Australian Broker and Best Trading Platform 2018 by Compare Forex Brokers
2018 UK Forex Awards Best Forex ECN Broker, Best Forex Trading Support and Best Forex Trading ConditionsWith numerous awards, Pepperstone attracts more and more traders from all over the world。Pepperstone's performance rose not only because of its ultra-low spreads and fast execution services, but also because many traders were keen to trade in currencies other than the US dollar.。
As a result, Pepperstone is one of the most responsive brokers to the market because it is willing to accept deposits in 10 currencies, including the Australian dollar, the US dollar, the euro, the Canadian dollar, the British pound, the Swiss franc, the Japanese yen, the New Zealand dollar, the Singapore dollar and the Hong Kong dollar.。
Pepperstone allows traders to choose between 11 trading platforms: MT4 Desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad / Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo and cTrader Mobile。The choice of trading platform is very practical for novices because it executes quickly。
When trading Forex, traders can enjoy 0 on their Razor account.0 pip original spread, over 61 currency pairs, and commission-free account funds for various deposit options。In addition to currency pairs, Pepperstone offers several types of trading tools, including indices and stocks, commodities and cryptocurrency CFD。
Commodity trading tools are very diverse, not only metals, gold and silver, but also soft commodities such as cotton, sugar, coffee, cocoa and orange juice.。Pepperstone also offers energy (oil and gas) trading.。
Pepperstone offers two types of accounts, Razor accounts and Standard accounts。If you are a beginner, it is recommended to choose a EUR / USD average spread of 1.0-1.3 point and commission-free standard account。
Traders with specific trading styles (such as scalping traders and algorithmic traders) may enjoy the traditionally lower-cost setup of Razor accounts, with a trading commission of 7 Australian dollars and a trade of 100,000 US dollars per round..01 (micro) and 1: 400 leverage to start trading。
As Pepperstone customers, traders can deposit and withdraw money through Visa, Mastercard, POLi Internet Banking, Bank Transfer, BPay, PayPal, Neteller, Skrill and Union Pay。
If you are new to trading or want to practice your trading skills in a risk-free environment, you can create a demo account, but if you are experienced or prefer to learn by doing, Pepperstone offers live accounts that allow you to trade with real-time execution and pricing.。
Traders can also use third-party services to follow popular trader scenarios while learning how to improve their trading abilities。Pepperstone works with a range of social trading platforms for traders to choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader Signals and Duplitrade。
3. FP Markets
Another trusted ASIC regulated gold trading broker is FP Markets。The broker is one of the brokers with the lowest XAU / USD spread, with a minimum spread of 0 pips for ECN accounts and an average spread of 0.13 points; the spread of the standard account is about 0.31 points。FP Markets also allows XAU / AUD trading, but with higher spreads (0 for ECN accounts.29 points, 0 for standard accounts.65 points)。They use advanced charting tools, technical indicators and real-time market news to provide reliable and fast execution, ensuring a comfortable trading environment。
Maintaining an overnight position will not result in overnight / rollover fees reducing your income, so you don't have to worry about。FP Markets offers the most competitive swap rates in the industry by introducing swap points in the form of real-time swap rate listings on the MT4 and MT5 platforms。For example:
- ACWI: long position is -5.00, the short position is -2.50。
ADAUSD: long position at -20.00, with a short position of -20.00。
AGG: long position is -5.00, the short position is -2.50。4. AvaTrade
AvaTrade is an excellent gold trading broker regulated by ASIC, ensuring that traders can enjoy gold trading smoothly and easily.。In addition to competitive spreads, traders can also amplify trades with leverage up to 400: 1。Traders can choose to go long or short through the powerful MetaTrader 4 and MetaTrader 5 platforms。For busy traders, AvaTradeGO is a great option to assist them in mobile trading。Meanwhile, novices can practice using AvaTrade free demo trading account before investing with real money。
Avatrade is one of the most comprehensive brokers, supporting almost all trading styles。Avatrade not only allows hedging, scalping and expert advisors (EA), but also completes its services through one cancellation of another order (OCO) and automated trading in many variants of automated trading systems.。
Founded in 2006, AvaTrade's primary mission is to allow people to trade with confidence.。If traders are still confused about the best broker to support traders trading, AvaTrade may be the trader's choice, as it has been evaluated and recognized for some of the industry's most outstanding financial and technical achievements for its clients.。
In 2019, the Dublin-based broker acquired Daytrading."Best Forex Broker 2019" by com。In addition, the company has been honored as "Best Forex Broker," "Best Bitcoin CFD Trading Provider of the Year" and "Best Alliance Program in Europe."。
In addition, for more liquid traders, AvaTrade offers a number of platforms that allow traders to trade using laptops and mobile phones。The availability of the free Autochartist tool in the platform is the best support for both novice and experienced traders, as it makes it easier for them to find trading opportunities without having to look at the chart all day。
Autochartist free signals available in gold accounts, platinum accounts and AVA Select。By opening an account with AvaTrade, traders do not have to pay for the full Autochartist service。Autochartist itself is a market scanning tool that can detect trading signals from various technical perspectives.。
Traders can access AvaTrade on multiple platforms such as AvaTradeGO, MetaTrader 4, MetaTrader 5, Automated Trading, Mac Trading, Web Trading, Mobile Trading and AvaOptions。
On the regulatory side, AvaTrade has a large number of credible licenses that guarantee security even with deposits as high as $10,000.。AvaTrade uses a separate account system, subject to the Central Bank of Ireland (No..C53877), ASIC Australia (No.406684), Japan JFSA (No.1662) and South Africa (FSP 45984) regulatory。
In the event of extreme market volatility, will traders suddenly lose more than their deposits??AvaTrade explicitly answers no because traders have negative balance protection。
AvaTrade has a minimum deposit of $100 and offers different leverage depending on the trading instrument; whether it is Forex (30: 1 start), Indices (20: 1 start), Commodities (5: 1 start), ETFs (5: 1 start) or Cryptocurrencies (2: 1 start)。
AvaTrade is committed to maintaining a set of customer-related values。As a result, the company offers the best trading experience with multilingual customer service and the most advanced and user-friendly trading platform.。
Novice traders can also learn Forex trading in the "Education" tab of the official AvaTrade website。Traders will find tons of articles, video tutorials and more tools to help them every step of the way。This is an important requirement as the forex market can be a bit unbearable and even scary at times, so traders need to make sure they are fully prepared before they start trading in a live account。
AvaTrade offers a variety of account types, as well as Islamic trading accounts specifically for Muslim traders.。The Islamic account type is similar to the regular account type with one key difference; it does not charge any special fees or interest (no overnight interest), which is in line with the financial principles of Islamic law。
Traders can choose AvaTrade as an ideal option if they are confident in forex trading。The minimum deposit and the various platforms offered are suitable for beginners trying Forex trading for the first time。
5. ThinkMarkets
ThinkMarkets offers some of the most competitive trading conditions in the market, including low spreads, low to zero commissions, and multiple account types.。They offer a relatively low XAU / USD spread, with a spread of 0 for professional accounts.1 point and 15 cents。The broker also allows its clients to trade spread bets on CFDs or gold。They use the latest technology to provide the best pricing and execution speed in order to provide traders with quality services throughout the trade.。
As a multi-asset online brokerage, ThinkMarkets offers a wide range of trading assets from Forex to Precious Metals, Commodities, Indices, Stocks and Cryptocurrencies。The Australian-based broker was founded in 2010 and has since opened more headquarters in London and regional offices in Asia Pacific, the Middle East, North Africa, Europe and South America.。
Along with its historical operations, ThinkMarkets has received numerous awards and recognition in various aspects.。They recently won the Best Value Broker Award in Asia at the 2020 Global Forex Awards。
Standard account average forex spread for traders who open an account with ThinkMarkets from 1.From 2, while ThinkZero offers 0.Best trading experience at 1 point spread。However, traders may want to take into account that ThinkZero charges 3 per side for every 1,000,000 trades..$5 commission。
As a global online brokerage firm, ThinkMarkets operates under the supervision of multiple financial regulators, for example, ThinkMarkets Australia is managed by TF Global Markets (Aust) Limited and licensed by the Australian Financial Services Authority and the Australian Securities and Investments Commission (ASIC), ABN: 69158361561。ThinkMarkets UK is registered with the Financial Conduct Authority (FCA) under the name TF Global Markets (UK) Limited (No.09042646)。
ThinkMarkets is always committed to improving its trading environment through a variety of advanced products.。Auto trading enthusiasts can use free VPS hosting, while enthusiastic traders who want to experience outside the MetaQuote platform can try ThinkMarkets' proprietary platform ThinkTrader。
The trading platform offers 3 different interfaces designed for web desktop, tablet and mobile display。In addition, custom tools such as more than 80 drawing tools and more than 125 technical analysis indicators can even be accessed via mobile screens, which will undoubtedly provide a new mobile trading experience.。
In terms of market updates, the ThinkMarkets deal will be accompanied by news from FX Wire Pro, which is known for its strict policy of adhering to objective news reporting and providing critical, credible information in real time.。Information areas covered by FX Wire Pro include economic commentary, technical-level reports, currencies and commodities, central bank bulletins, energy and metals, and event-driven bulletins。
For payment methods, ThinkMarkets provides gateways through bank transfers, credit cards (Visa and MasterCard), Skrill, Neteller, POLi online banking, BPay, and Bitcoin wallets。
All in all, for a company that has been in business since 2010, ThinkMarkets has been quite successful in terms of legal status and trading technology innovation.。As an additional guarantee of safety for traders, the broker highlighted its commitment to a $1 million insurance protection plan, which is achieved through ThinkMarkets and Lloyd's of London insurance policies, in the unlikely event of bankruptcy Provide up to $1 million in protection for customers' funds。
6. GO Markets
GO Markets offers ultra-low XAU / USD spreads for GO Plus + accounts with a minimum of 0.2 points, 1 point average。According to the company, the spreads are aggregated from more than 22 Tier 1 and Tier 2 liquidity providers。The broker is widely believed to be Australia's first MT4 broker。They have since added MT5, the mobile app and the web version of each MetaTrader to the trading platform.。
Go Markets is an Australian broker founded in 2006.。Go Markets is also licensed by the Australian Securities and Investments Commission (ASIC) under number AFSL 254963.。Go Markets has established partnerships with various experts in the securities and derivatives field around the world, so it can provide better services to customers by introducing these expertise。Go Markets is known for having branches in the UK, Taiwan and Hong Kong。
Go Markets is committed to providing the best service to customers by perfecting technology, improving service and customer education。In addition, Go Markets is willing to continuously provide customers with the best trading experience through reliable customer service, transparent pricing, low-latency trade execution and platform stability。
When it comes to trading, the right platform is needed to trade perfectly。GO Markets offers traders powerful MetaTrader 4 and MetaTrader 5 as a desktop and mobile trading platform。As Go Markets is recognised as Australia's first MT4 broker, they have made some improvements by adding MT5 and a web-based trading platform to meet customer demand for the right platform.。
The mobile version of MT4 allows novice and experienced traders to trade, analyze the market and easily access all EA trades anytime, anywhere。The main difference between MetaTrader 4 and MetaTrader 5 and their related mobile trading platforms is that MT4 is primarily a foreign exchange trading platform, while MT5 is a multi-asset CFD trading platform.。In addition, the internationally trusted Go Markets Metatrader 4 platform offers the following advantages:
- No trading desk involved
Point difference 0.From 5: 00
Leverage up to 500: 1
No hedging restrictionsBy opening an account in GO Markets, traders will have access to the most advanced and powerful trading tools in a range of markets when trading online CFDs。Traders who have just started trading can become familiar with the broker's trading platform and tools by honing their skills in a demo account at GO Markets.。
For those who want to start real trading, GO Markets allows the flexibility to trade a range of forex and CFDs, including stocks, commodities, indices and cryptocurrencies, via the MetaTrader 4 and MetaTrader 5 platforms.。
Go Markets is very pleased to announce that they will soon use Currenex technology (the birth of Currenex interbank liquidity) to provide more liquidity to customers.。
GO Markets simplifies the transfer of funds from customers through the customer portal, where they can open accounts and deposit funds in nine currencies (USD, GBP, EUR, NZD, SGD, CHF, CAD, HKD, AUD), while deposits and withdrawals can be made by bank transfer or electronic payment (FasaPay, Neteller and Skrill), and GO Markets does not charge any internal deposit fees using Visa / Mastercard, Skrill。
Finally, Go Markets also secures customers "money by maximizing the protection of their privacy and financial information, adopting leading security systems and establishing strict procedures to protect customer information。
If you want to start trading in Go Markets with a small amount of cash and low risk, Go Markets offers special accounts where customers can start trading with a few dollars and are able to trade at 1 cent per point, with a deposit limit of $500 and permission to trade with an EA。
Gold CFD Trading Tips
In general, gold trading is not difficult, but in addition to choosing the right broker, a certain skill is required。Novice traders can try, but should always be cautious, otherwise they may not be able to take full advantage of gold price fluctuations。
In fact, there are a few things to consider before actually entering the gold market。As with other financial products, trading in gold involves a number of risks, particularly in CFD instruments.。Here are some tips for trading gold the right way。
1.Not suitable for short-term investment
Gold is more suitable for long-term and medium-term investments, so it is difficult to see price changes in short-term price trends.。However, novice traders tend to be very greedy when buying gold。Most of the time, they believe that trading gold will bring huge profits in a short period of time.。But in fact, the main advantage of gold is long-term risk aversion.。The proportion of personal investment in gold should not be too high, traders need to be cautious when trading gold。
2.Pay attention to leverage
Novice traders tend to be greedy and use high leverage to increase purchasing power。Conversely, a sudden reversal of the gold trend tends to make them panic。This type of trading is very dangerous because it risks extending losses。Therefore, novice traders are advised to use smaller leverage, which is safer and does not expose them to the risk of losing too much in the event of unexpected price movements。
3.Understanding Gold Trends
It is important to understand the factors that affect the price of gold.。By understanding price drivers, gold traders can predict what's coming and better manage risk。Gold itself only reacts to a limited number of factors, each of which affects market sentiment, volume and trend strength, including inflation and deflation, greed and fear, and supply and demand.。
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