5 Best Metals Trading Forex Brokers for 2026
Trading metals in the CFD markets, such as gold, silver, copper, or others, is a bit different than many of the other markets, with the need for fees and spreads to be paid close attention to. The amount of difference in spreads can be drastic, especially in some of the smaller metal markets.
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We at FXEmpire have tested over 80 brokers in the past year, and I have selected those that provide CFD markets for metals, via CFD markets. I paid considerable attention to the brokers’ spreads and fees, tested the platforms, and other peripherals that can make a difference for traders. All brokers in this article were also tested for safety, security, competitive costs, and flexibility.
List of Top Metals Trading Forex Brokers
*80% of retail CFD accounts lose money.
**AvaTrade doesn’t allow CFD trading in Spain; only Futures are available.
Compare All Listed Brokers
| Broker | Score | Fees Score | Min Deposit | Max Leverage | Platforms | Visit Broker |
|---|---|---|---|---|---|---|
FxPro | 4.3 | 3.0 | $0 | 1:30 (FCA) 1:10000 (FSA) · 1:200 (SCB) · 1:30 (CySEC) | MT5, cTrader, MT4, FxPro Trading Platform, FxPro Mobile App, TradingView | 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing money. (EU, UK) |
FP Markets | 4.6 | 4.1 | $100 | 1:500 (FSA) 1:500 (FSCM) · 1:500 (Unregulated) · 1:400 (FSCA) · 1:30 (ASIC) · 1:500 (CMA) | MT5, cTrader, IRESS, MT4, Mottai, TradingView | Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested. |
AvaTrade | 4.5 | 4.2 | $100 | 1:400 (FSCA) 1:30 (CBI) · 1:200 (BVI FSC) · 1:30 (ASIC) · 1:400 (ADGM) · 1:25 (JFSA) · 1:30 (ISA) · 1:30 (CySEC) | AvaOptions, AvaSocial, MT5, Proprietary, MT4, DupliTrade, Ava Web Trader, AvaTrade App | Trading CFDs and FX Options entail risk and could result in the loss of your capital. |
Plus500 | 4.3 | 3.3 | $100 | 1:30 (ASIC) 1:30 (FMA) · 1:30 (FSCA) · 1:300 (FSA) · 1:30 (FCA) · 1:20 (MAS) · 1:30 (EFSA) · 1:30 (CySEC) · 1:30 (DFSA) · 1:200 (SCB) | Plus500 Web Platform, Plus500 Mobile App | CFD Service, 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money |
BlackBull Markets | 4.4 | 4.2 | $0 | 1:500 (FSA) 1:500 (FMA) | MT5, MT4, TradingView, cTrader, myFXbook, Zulutrade, BlackBull Trade | BlackBull Markets and its associated entities have access to provide over 26000 tradable instruments to clients across all our Trading Platforms. Black Bull Group Limited (trading name: BlackBull Markets) is a company registered and incorporated in New Zealand (Company Number 5463921, NZBN 9429041417799) located at Level 20, 188 Quay St Auckland 1010. Black Bull Group Limited is a registered Financial Services Provider (FSP403326). |
How Did I Select the Best Forex Brokers for Metals Trading?
- I selected brokers with a high overall score from our proprietary rating system.
- I made sure that metals are available for trading through CFDs, futures, or options.
- I checked that metals were available with leverage.
- I opened accounts with each broker and tested their spreads and commissions, comparing them against the industry average.
- I tested the trading platforms to ensure that they are user-friendly and straightforward for trading metals.
- I explored the research and educational resources of each broker to determine their support and guidance for learning about and trading in metals.
- I verified the regulatory licenses for each jurisdiction where the broker operates.
Best Overall
- $0Min Deposit
- 2090Tradable Instruments
- HighFees
Why We Picked It
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.
Pros and Cons
- Excellent FxPro trading platform
- Trading Central research
- $0 minimum deposit for Standard account
- 1:100 leverage on metals
- High inactivity fee
Best Low Spreads
- $100Min Deposit
- 10180Tradable Instruments
- MediumFees
Why We Picked It
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.
Pros and Cons
- Tight spreads and no commissions on metals
- Decent range of metals
- Multiple trading platforms
- Autochartist signals via cTrader
- No Islamic accounts
Best Selection of Metals
- $100Min Deposit
- 1472Tradable Instruments
- MediumFees
Why We Picked It
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.
Pros and Cons
- Multiple trading platforms
- 5 metal CFDs
- AvaOptions for gold and silver
- Copy trading via DupliTrade and AvaSocial
- Inactivity fee of $50 after 3 months of no activity
Best Trading Platform
- $100Min Deposit
- 2764Tradable Instruments
- HighFees
Why We Picked It
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.
Pros and Cons
- Intuitive Plus500 platform with 100 technical indicators
- Gold Option CFDs available
- Sentiment tool for metals
- Innovative research tools
- High spreads
Best for Professional Traders
- $0Min Deposit
- 1750Tradable Instruments
- MediumFees
Why We Picked It
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.
Pros and Cons
- ECN trading accounts
- Free VPS hosting and FIX API
- Multiple platforms for trading metals
- Order execution of arounf 30ms
- No compensation scheme
All the Brokers We Tested
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About the Authors
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.
Amy leads the prop trading area at FXEmpire, collaborating closely with industry experts to deliver insightful and trustworthy reviews. Her work ensures that readers gain transparent, reliable guidance in navigating the fast-evolving world of proprietary trading firms.
As a Senior Content Editor at FXEmpire, Ola has revised and fact-checked over 200 broker reviews and guides. Her profound understanding of financial markets has been crucial in developing the proprietary rating system.