Gold & Silver Trading Forex Brokers
This category features a list of those brokers that offer trading services in Forex, gold and silver. An opportunity to trade gold and silver, in addition to currencies, is allowing traders to monetize their forecasts about various precious metals (silver, platinum or even palladium). Although the spread for gold and silver trading is usually high and the leverage is low, it is always good to be able to trade these commodities whenever you have an appropriate market idea.
Forex brokers usually use XAU/USD notation for gold contracts and XAG/USD for silver as a trading instrument. You will find 185 brokers listed in the table below.
There is no disadvantage in being able to trade gold through your Forex broker, and here are some reasons to be able to do that:
- Foreign exchange companies may offer gold trading with quotes not only in USD, but also in other currencies, which is quite rare with normal commodity brokers.
- Both gold and silver are handy instruments to trade on when nothing interesting happens in currency pairs.
- Analyzing gold trends using your broker's charts may bring up some worthy ideas for your FX trading.
- If you trade currencies long-term, you may want to hedge your portfolio against inflation using gold.