6 Best Metals Trading Forex Brokers for 2026

FxPro is a giant in the CFD trading world, founded in 2006. The London-based broker allows trading of over 2,100 instruments, including 14 spot metals markets, and some other ETF-based metals contracts.

Metals Trading Features:

• Available Metals: Gold, Silver, Aluminium, Copper, Lead, Palladium, Platinum, Zinc
• Max. Leverage for Metals: 1:100, although it can be dynamic
• Trading Platforms: FxPro Trading Platform, MT4, MT5, cTrader, TradingView
• Gold CFD Fees: 32 cents spread, $0 commission (Standard account)

I was mostly impressed by the trading software FxPro offers. First of all, its proprietary web trader stands out as a modern, user-friendly platform with a customizable layout and a great range of tools. While giving the platform a try, I counted over 50 technical indicators, 15 timeframes, and all standard orders (except for trailing stop-loss orders). I appreciated the integrated news section, so I could track what’s going on with metals without leaving the platform.

FxPro also allows you to trade metals on top popular retail platforms, including MT4, MT5, cTrader, and TradingView. In my live fees test, the spread on gold was 32 cents, which is aligned with the industry benchmark. But I figured out that much tighter spreads are available on the Raw+ and Elite accounts.

The broker also provides a range of educational materials dedicated to metals trading. I found dozens of recorded webinars on FxPro’s YouTube channel, plus you can access articles and in-depth courses from CME Group in video and text format.

FP Markets has been in existence since 2005 and has been known for low spreads for some time. The broker offers MT4, MT5, cTrader, WebTrader, and TradingView. Access to spreads as low as 0.0 pips keeps this an excellent choice for those looking to save on costs.

Metals Trading Features:

• Available Metals: Gold, Silver, Aluminium, Copper, Lead, Palladium, Platinum, Zinc
• Max. Leverage for Metals: 1:200
• Trading Platforms: MT4, MT5, cTrader, TradingView, FP Markets App
• Gold CFD Fees: 23 cents spread, $0 commission (Standard); 15 cents, $0 commission (Raw)

During our last fees test, FP Markets performed well across all popular markets, including gold. I found that it’s 23-cent spread on gold beats the industry benchmark of 33 cents on the Standard account. Although I’d choose the Raw account, which has no commissions on metals and has an even tighter spread of 15 cents on gold.

FP Markets has developed several trading courses, publishes articles, and conducts regular webinars. Traders can learn about technical analysis, fundamental analysis, and trading psychology.

AvaTrade is a large player in the CFD space and has been around since 2006. It offers over 1,250 trading assets, including 5 major CFDs on metals as well as a ton of ETF and stock-related products to speculate on metal movements.

Metals Trading Features:

• Available Metals: Gold, Silver, Copper, Palladium, Platinum (both spot and futures)
• Max. Leverage for Metals: 1:200
• Trading Platforms: MT4, MT5, Ava WebTrader, AvaTrade App, AvaOptions
• Gold CFD Fees: 29 cents spread, $0 commission

I tested the Standard CFD trading account and found the execution on the AvaTrade WebTrader platform to be fast. I liked the intuitive interface for the platform and appreciated the amount of research and educational materials that AvaTrade offers its clients.

I also found several articles about metals on the AvaTrade website, as well as a free trading course dedicated to commodities on the AvaAcademy. The broker also develops strong in-house research content and integrates materials from Trading Central. I’ve been using both when placing my orders in silver during the review process, and found lots of useful information.

Plus500 has been around since 2008 and is listed on the London Stock Exchange. Plus500 is also regulated by eight different global regulators, including the FSA, CySEC, and ASIC. For my research, though, it has the best proprietary platform out there, with it being so intuitive and user-friendly. Plus500 offers over 2,800 CFD instruments in both their web and mobile apps.

Metals Trading Features:

• Available Metals: Gold, Silver, Platinum, Palladium, and Copper
• Max. Leverage for Metals: 1:10 (1:20 in gold)
• Trading Platforms: Plus500 Web and Mobile App
• Gold CFD Fees: 70 cents spread, $0 commission

Plus500 offers a web trading platform and mobile app to access all of the markets available. The platform is well-designed, and I found the search function particularly useful, as the list of assets is particularly long. The platform has an extensive list of indicators and risk management tools, allowing even the most technically-driven traders to assess the markets.

Both the web and mobile versions of the app offer the +Insights Tool, which is a sentiment indicator of the Plus500 trading community, a sometimes useful indicator of a potential market shift.

BlackBull Markets is a favorite of professional traders, as the spreads in the metals markets are tight, and the offering allows metals to be traded against multiple currencies, such as the US dollar, Japanese yen, Euro, Aussie dollar, and more. The broker offers MT4, MT5, cTrader, BlackBull Copy Trader, BlackBull Invest, and TradingView to its clients.

Metals Trading Features:

• Available Metals: Gold and Silver against several currencies
• Max. Leverage for Metals: 1:500
• Trading Platforms: MT4, MT5, cTrader, TradingView, BlackBull CopyTrader, BlackBull Markets App
• Gold CFD Fees: 22 cents spread, $0 commission (Standard), 12 cents, $6 round-turn commission (Prime)

BlackBull has been in business since 2014, founded in Auckland, New Zealand. They offer over 26,000 instruments and have been regulated in several countries. For BlackBull Markets, I tried the ECN Standard account, which is a variable spread with no commissions. That being said, they offer ECN Prime (spread plus commission) and Prime+ for high-volume traders.

I used the tried-and-true MetaTrader 5 platform and found execution to be as fast as you would expect from a professional firm. The education section was good, and the massive amount of markets available means that you will have plenty of opportunities.

Founded in 2008 and headquartered in Chicago, Plus500 US is a multi-asset financial derivatives broker that offers 69 futures contracts in forex, metals, energies, soft commodities, equity indices, cryptocurrencies, and bonds. It is authorized and regulated by the CFTC and NFA, adhering to the strictest safety regulations.

Metals Trading Features:

• Available Metals: Gold, Micro Copper, Micro Gold, Platinum, Silver, E-mini Gold, Micro Silver, Copper
• Max. Leverage for Metals: 1:50
• Trading Platforms: Plus500 Web Trader
• Gold Futures Fees: $0.89 single-turn commission

I learned that Plus500 offers 8 metal futures contracts, which are available as Standard or E-mini contracts, both featuring a $0.89 single-turn commission. Additionally, the broker imposes a $10 liquidation commission. On the plus side, Plus500 US does not charge any deposit or withdrawal fees, platform fees, routing fees, or any other type of fee.

I performed my testing on Plus500’s flagship web trader, which stands on its own two feet and offers metals traders robust charting and advanced market analytics. The platform features over 100 technical indicators and drawing tools for enhanced technical analysis.

Plus500 operates on a best execution basis, which benefits metals traders looking for precise order execution. Additionally, the broker has pooled an extensive library of CME Group educational articles and videos on futures trading. Beginners, intermediate, and experienced traders can learn about the specifics of futures trading, with special attention paid to metal futures, as well as how to implement various trading strategies.