In addition to gold, silver is one of the most popular precious metals traded.。But how to choose the right broker to support silver trading？

Precious metals such as gold and silver have long been a powerful alternative to traditional investments such as stocks and bonds.。When the economy is tough and uncertainty is high, many investors like to turn to these metals to hedge their positions or make more defensive investments。While gold is often considered the most popular metal on the market, silver is also an attractive option for investors looking to invest for the long term at an affordable price.。

Silver has many unique advantages and disadvantages and may be suitable for various types of traders。However, investing in silver is not as simple as it seems。In addition to a good strategy, you also need to choose a good broker。Here are some getting started suggestions:

AvaTrade

AvaTrade is a well-known broker founded in 2006。The broker offers a variety of interesting features for beginners and professionals。They are regulated by a number of top financial institutions, including the Central Bank of Ireland, ASIC, South Africa's FSCA and others.。For silver trading, AvaTrade offers XAG / USD currency pair with spread of 0.029, competitive, with a maximum leverage of 1: 50。Fees for professional traders can even be reduced to 0.023 USD。

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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。

There are several options for trading platforms, including the popular MT4 / MT5 (a proprietary web platform for manual traders), and AvaTradeGO's mobile app for those who prefer mobile trading。Minimum deposit of $100, there are three documentary trading services for passive silver traders。In addition, AvaTrade offers a wealth of educational resources through its trading academy service called SharpTrader, with more than 40 courses and 200 tutorial videos.。

FP Markets

FP Markets is another excellent broker for silver trading。The Australian broker was founded in 2005 and has served thousands of clients around the world.。As for security, the broker is regulated by ASIC and CySEC.。One of the advantages of the broker is its true ECN technology, which provides direct access to liquidity providers without the need for third-party intervention。They are also able to execute orders at the best price in the market。

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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。
• For silver traders, there are three silver currency pairs to choose from, namely XAG / USD, XAG / AUD and XAG / EUR。The minimum difference between the first two options is 0.01, the average point difference is 0.02, while the third option has a minimum spread of 0.015, the average spread is 0.020。In addition to this, the commission is $6 per lot, the minimum deposit is $100, and the maximum leverage is 1: 500。

Traders can choose to use the commission-free account offer with an average spread of 0 for XAG / USD and XAG / AUD.03, the average point difference of XAG / EUR is 0.22。Depending on the strategy used, traders can get higher or lower transaction costs through commission-free accounts。

FXTM

FXTM is a leading broker, founded in 2011 and headquartered in Cyprus。FXTM, which is regulated by the UK FCA and other authorities, has grown rapidly in Europe and is now expanding into Africa and Asia.。

At FXTM, traders can trade silver in two different currency pairs, namely XAG / USD and XAG / EUR。The former has a minimum spread of 0 in the MT4 advantage account..09, with an average of 0.22, while the latter has a minimum spread of 0.07, an average of 0.79。At the same time, the contract size is 5,000 units per lot.。

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Originally launched in 2011, FXTM's unique vision is to offer unparalleled superior trading conditions.。Opening an account with FXTM also gives you access to advanced education and advanced trading tools in the Forex industry。

FXTM is now registered with the UK Financial Conduct Authority with registration number 600475, the company is also regulated by the Cyprus Securities and Exchange Commission with CIF licence number 185 / 12 and licensed by the South African Financial Conduct Authority (FSCA) with FSP number 46614.。

FXTM has 1 million registered accounts and more traders join every day。The company continues to strive to improve its performance and has won many awards such as the World Finance Award for Best Trading Experience 2019, the International Finance Award for Best Online Forex Trading Company in Nigeria 2018, the Hexun 2018 Reputable Investor Education Forex Broker Award, Fxeye.Com 2018 China Foreign Exchange Brand Award, etc.。

As a responsible broker, FXTM determines leverage (expressed as a ratio of trade size relative to the trader's purchasing power) based on the trader's trading knowledge and experience level, and evaluates it through an appropriateness assessment. It also supports leveraged trades up to 1: 1000。

As for spreads, FXTM offers 0.The low spread from 1 o'clock, so traders can withdraw profits at the beginning of the trade。With headquarters in several countries, the company uses No Trading Desk (NDD) technology and works with reliable liquidity providers to deliver the best bid and ask prices.。

For beginners, there is an automated trading tool called algorithmic trading。Traders can develop their own trading strategies or adopt the strategies of other traders when trading at FXTM。In addition, the strategy is also applied to automated trading systems, such as smart trading systems, so that traders don't have to worry about losing opportunities without observing the market and still make profits。

Three types of ECN accounts using MT4 and MT5 trading platforms。There are also mobile and tablet app trading platforms。In addition to offering multiple account variants, FXTM also makes every effort to ensure that customers receive the excellent support they deserve, so that their trading experience is optimal and user-friendly。

FXTM also offers a variety of products, in addition to more than 50 foreign currencies, gold, silver, commodity futures (oil) CFDs, ETF CFDs and indices.。

The broker also provides education on basic concepts of the forex industry。Traders can read all the concepts offered in the form of e-books, video tutorials, articles, webinars and forex seminars。The FXTM website is available in 17 languages for traders to understand Forex。

Traders can also choose from a variety of payment methods, including credit cards (Visa, Mastercard, Maestro) and e-wallets (Neteller, Skrill, Western Union)。For withdrawal of funds, traders do not have to pay a fee of 2 hours to 2 days。Traders can ask further questions via live chat and contact the administrator via email, FXTM has a question and answer page on Forex trading。

As an excellent customer-oriented broker, silver traders can use up to 1: 500 leverage, ideal for novice and expert traders。In addition to providing a large number of different trading accounts and tradable assets, FXTM also provides excellent customer service through live chat, phone, email and more。Traders can choose to access the trading platform from a variety of devices, including web, desktop and mobile。

BlackBull Markets

BlackBull Markets started operations in New Zealand in 2014。Although established in a relatively short period of time, brokers are able to provide many excellent retail trading solutions, including diverse specifications, a large number of trading assets, and extensive learning materials。Notably, BlackBull Markets has branches in New York and Malaysia in addition to offices in New Zealand。In terms of security, the broker is currently regulated by the FMA and FSA.。

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As an ECN broker, BlackBull Markets offers raw spreads and commissions。The broker has a fairly wide range of tradable assets including forex currency pairs, gold, silver, crude oil, natural gas and major stock indices。The maximum leverage of the ECN standard account can be up to 1: 500, with spreads from 0.From 8 o'clock。In addition, the minimum deposit for an ECN Standard account is $50 and the minimum deposit for an ECN Prime account is $2,000。

Eightcap

Eightcap is an Australian broker established in 2009.。The broker operates from its Australian headquarters and offices in the UK, Bulgaria and Cyprus.。In addition to serving retail traders, Eightcap offers technical advantages and collaboration opportunities for IBs and influencers.。

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At Eightcap, silver traders can trade with XAG / USD。Minimum spread is 0.01, commission is $7 per lot。Alternatively, you can choose an average markup of 0.$05 commission-free account。Minimum deposit of $100, small traders can afford。

Factors to consider when choosing a broker

When choosing the best broker to trade silver, you need to consider several important factors such as:

Regulation and Safety

Although not mandatory, trading with a regulated broker is always strongly recommended。While not necessarily eliminating all risks, it will certainly be reduced。Regulated brokers must comply with a set of rules from the authorities, providing traders with additional protection against broker problems。Also, be sure to check the broker's history。

transaction cost

Another important factor to consider is transaction costs。Many beginners ignore the importance of spreads, but keep in mind that spreads may accumulate after multiple trades。Also, don't be easily fooled by the commission-free trap, as most of the time brokers simply attract traders with "low-cost trading" while adding other costs。

Trading platform

The best silver broker should offer a range of good trading platforms with a user-friendly interface and clear navigation。The most common platforms are MetaTrader 4 and MetaTrader 5。It is also a great advantage if the platform supports automated trading and API trading with advanced methods。Some platforms can support a variety of additional features, such as multi-chart switching, technical indicators, economic calendars, news updates, trading calculators, etc.。

Deposits and withdrawals

In terms of transactions, deposits and withdrawals are critical。Be sure to choose a broker that offers easy deposits and withdrawals and supports your payment methods。Most brokers offer free deposits, but not all withdrawals are free。Also, third-party payment methods typically cost more and take longer to process。

Research and Education

For beginners, it is necessary to choose a broker that provides a lot of learning materials, which can take many forms, such as tutorial videos, articles, webinars, etc.。This shows that brokers care about their clients and want their clients to succeed。Some brokers offer these services for free, but others may require a paid subscription。

Customer Support

Finally, it is also important to choose a broker with good customer service。You need to ensure that brokers are easy to contact and responsive so that problems are quickly resolved。In this case, choose to provide customer support services 24 / 5 during working hours。

You can get a variety of advantages from silver trading, such as lower cost compared to gold, the opportunity to hedge your position during inflation, etc.。In the long run, it is also an excellent choice for diversifying your portfolio and adding additional income to your overall investment。

When choosing a silver trading broker, be sure to weigh the pros and cons and consider factors such as regulation, transaction costs, trading platforms, etc.。You can narrow down your selection based on these criteria and choose the broker that best suits you。