Popular brokers for trading in precious metals

Popular brokers for trading in precious metals

April 29, 2019 0 By admin-445

Trading in precious metals has always been popular. They are favorable for long-term investment. There are a lot of brokers, that let traders operate with this financial instrument.

European and American brokers, which offer trading in precious metals

Here is a list of them:

  1. AMarkets.
  2. Weltrade.
  3. Forex4you.
  4. Capital Markets
  5. InstaForex.
  6. FXDD.

AMarkets

This is a brokerage comany regulated by FCA. It was founded in 2007. In this broker’s range, there are 7 metals. This company offers trading on MT4, MT5 and MT4 MultiTerminal platforms. There are 4 types of accounts: Standard, Fixed, ECN, and Institutional. Spreads are floating (from 1,3) for Standard account, fixed (3) for Fixed account, floating (from 0) for ECN, and the same floating from 0 for Institutional. Minimal lot is 0,01. Minimal deposit is 100$ for Standard and Fixed accounts, 200$ for ECN one, and 100 000 $ for Institutional.

Weltrade

This is an international company regulated by IFSC. It has been providing its services since 2006. It offers competitive spreads (from 0,5), maximal leverage up to 1:1000, and minimal deposit from 25$. There are 5 types of accounts:

  1. Micro.
  2. Premium.
  3. Pro.
  4. ZuluTrade – made for copying other traders’ strategies.
  5. Crypto.

Trading in metals is available on all of them, except of a Crypto account. Furthermore, there is a demo one for those, who want to try trading, using virtual money.

Forex4you

This is a brokerage company regulated by FSC, which has been offering trading in many financial instruments, including precious metals, since 2007. Offers low spreads and 5types of accounts.

Capital Markets

Capital Markets is a cutting-edge ECN broker. Innovative NDD (No Dealing Desk) format used in ECN-accounts implies the direct data exchange between the trader and the market maker, and, therefore, excludes the possibility of intervention in trading process. Forex broker Capital Markets interacts with the highly reliable liquidity providers. This list includes the international financial corporations. Such giants of the financial industry as the famous American stock exchanges NYSE and NASDAQ are obviously the most solid one among the quotation suppliers of Capital Markets.

InstaForex

This company was established in 2007. It is regulated by FSP and FSC. There are a few types of accounts, including cent accounts.

FXDD

This brokerage company was founded in 2003 in New York. It is regulated by CFTC, MiFID, and NFA. There are 2 types of accounts: Standard and Extreme.

What are the risks of trading in precious metals?

The first thing to say is that precious metals are not the financial instruments that will let a trader get income for a week or two. They are profitable only in case of long-term investment.

Also, there is a significant risk of the funds loss, because of sharp turnarounds in prices. They can be caused by:

  • economic crises;
  • increase or decrease in mining;
  • the introduction of new legislative arrangements concerning precious metals, and many other factors.

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