The precious metals market is quite volatile, which is why gold traders must maintain a secure connection to it at all times. Beyond that, the best gold trading apps must feature a user-friendly design, detailed charts, and easy order execution.
But what separates the truly great gold trading apps from the rest is integrated research. Having advanced market analytics at your fingertips really helps to keep pace with the latest developments in the metals market. Then, of course, there is the question of competitive fees and precise order execution. We consider these and other factors to offer you this list of the best gold trading apps in the industry.
*80% of retail CFD accounts lose money.
**AvaTrade doesn’t allow CFD trading in Spain; only Futures are available.
Our team of experts has identified each broker’s strengths and weaknesses using FXEmpire’s comprehensive methodology.
Now, let’s go through the selected brokers.
To kick things off on a high note, I chose FxPro as my best overall pick. The broker strikes a fine balance between fee competitiveness, trading infrastructure, speedy order execution, and diverse content support. I also learned that you can trade gold in the spot market via the FxPro Mobile App. It features contracts denominated in grams and troy ounces.
Key Gold App Features:
The FxPro Mobile App is a major improvement over more classic setups, such as MetaTrader, thanks to its advanced charting capabilities. The app is powered by TradingView, and its charts feature over 100 analytical tools and chart configurations. I also really appreciated the app’s responsiveness. I was able to zoom in and out of the price of gold with ease.
I also used the FxPro app to measure FxPro’s XAUUSD spread during the London and New York market openings. The spread of 32 cents that I recorded held steady throughout the day. This speaks to FxPro’s steady access to deep market liquidity. The recorded spread rate itself meets the industry average.
Gold traders using FxPro’s Mobile App will benefit greatly from the broker’s precise order filling. I learned that FxPro’s average order execution speeds are around 8ms, which is way faster than the industry average of 60ms. Last but not least, FxPro delivers a steady stream of actionable trading signals on gold via its proprietary FxPro Squawk service and the renowned Trading Central.
I rate Capital.com’s proprietary mobile app the best option for day trading because of its diverse range of tradable instruments, competitive fees, and powerful charting capabilities. The broker blows the competition out of the water with its massive offering of 7,800+ tradable instruments, 4 of which are gold contracts. You can trade the precious metal across the spot, futures, and ETFs markets.
Key Gold App Features:
The highlight of the Capital.com App for me was the integrated ‘Trade Smart Academy’. The learning tool introduces novices to the peculiarities of day trading. You can learn directly in the app how to read candlesticks, apply risk management, adopt the right mentality, and more.
The Capital.com App also puts other day trading apps to shame thanks to its fluid, easily scalable price charts. Using it, I was able to spot a rising wedge pattern on the XAUUSD with relative ease. In comparison, I find it exceedingly difficult to switch between timeframes on other brokers’ mobile apps.
I used the Capital.com Mobile App to place market orders on XAUUSD during the London and New York market openings. My findings indicate that the broker’s trading costs for the precious metal are in line with the industry average.
FXTM stands out with its rich and diverse selection of trading signals on gold. The broker offers in-house market research content alongside actionable trading signals from Acuity and Trading Central. Those are available from the FXTM App and offer gold traders critical market insights.
Key Gold App Features:
The broker’s daily market briefs often explain how geopolitical events, such as falling investor optimism and rising inflation, affect the price of gold. Traders can refer to them when evaluating mid- to long-term developments in the commodities market.
Other perks of the FXTM App include powerful TradingView charting and biometric login for extra security. Not only that, but you can use the app to manage your account on the go and to adjust your open positions – not a bad thing to have when the market catches you off guard.
The only outlier of my FXTM review was the above-average gold trading costs. From my hands-on testing of the FXTM App, I learned that the broker’s XAUUSD spread fluctuates around 38 cents, which is above the industry average of 33 cents.
Plus500 is one of the biggest names in the trading industry. The broker serves professional gold traders with superior trading conditions and fast order execution speeds. I learned that its professional trading account features a maximum leverage of 1:150 on metals.
Key Gold App Features:
To qualify for a professional account, you must meet at least 2 of the following 3 criteria: to have traded at least 10 lots per quarter over the previous four quarters; have a financial instruments portfolio of at least EUR 500,000; or have worked in the financial industry for at least one year.
Professional traders can trade spot gold and gold/silver ratio via the versatile Plus500 Mobile App. It features market, limit, stop, and trailing stop orders. I find trailing stop orders the most useful of the bunch because they afford the greatest flexibility. Professional gold traders can use them to cut their potential losses as the market moves in their favor.
I was also impressed by the +Insights tool, which is proprietary to Plus500. The tool breaks down current trends in the trading activity of Plus500’s massive client base. Professional traders can use it to learn about altering buying and selling pressures, and assess where the gold market might be headed next.
I found the AvaTrade App to be the best option for beginner gold traders because of its user-friendly layout. The app also got my stamp of approval for its rich assortment of supporting tools, detailed charts, and comprehensive educational content.
Key Gold App Features:
I found the AvaTrade App very easy to navigate, so that even first-time traders can quickly make their way around it. The app is also enhanced with a frequently updated news screener and the ‘Discover Mode’. It helps gold traders learn about currently developing trading opportunities.
I especially liked AvaTrade’s comprehensive educational content. The broker’s vast library features multiple guides, videos, and articles on key trading areas. Those include technical analysis, fundamental analysis, risk management, and trading psychology.
I also used the AvaTrade App to sign up with the broker, which offers a universal trading account. It features commission-free trading and has a minimum deposit requirement of 100 units of your base currency. Finally, I used the AvaTrade App to place a long market order on gold and recorded a 29-cent spread. This is slightly higher than the industry average.
The forex and CFD analysis team at FXEmpire is made up of seasoned trading industry professionals and experienced financial journalists. Our experts have been featured on leading financial platforms, including Investopedia and Forbes, and bring extensive hands-on trading experience to their work.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later, Dan gained insight into the forex industry during his time as a Series 3 licensed futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.