8 Best Silver Trading Brokers for 2026

Founded in 2008 and with 10 regulated entities, Plus500 is a well-known broker listed on the London Stock Exchange. It’s my best overall silver broker for international traders, as it offers silver CFDs and options contracts from a simple-to-use proprietary web platform and mobile app, 24/7 live chat support, and a comprehensive trading academy.

Key Silver Trading Features:

• Silver Instruments: XAG/USD, various Silver Calls and Puts
• Silver Fees: Average spread 2 pips, zero commission
• Max Leverage: 1:10
• Total Metal Instruments: 6
• Platforms: Plus500 WebTrader & Mobile App

During my live fee test, I found the spread for spot silver XAG/USD in the New York session averaged around 8 cents, which is higher than the industry average of 5 cents. However, there is no commission per trade and no fees for deposits or withdrawals. I found there are various silver put and call options CFDs to trade on with no overnight funding charges, which is great for longer-term swing traders holding trades for multiple days and weeks.

I was also impressed with how simple the Plus500 proprietary web platform and mobile trading apps are. It’s easy to create customized watchlists, perform technical analysis using 20 different chart types (much larger than most broker platforms), and over 100 technical indicators. The standout feature is Plus500’s trailing stop loss feature, which trails your stop loss a certain number of pips to help lock in profits. The most important aspect is that it is server-side, which means you don’t need the platform open for it to work. Most platforms like MetaTrader also have a trailing stop loss, but it only works when the platform is open.

Founded in 2006, FxPro is my top-rated silver broker for those seeking a variety of sophisticated trading platforms. The broker offers over 2,100 tradable instruments that can be traded from the FxPro Web Platform, FxPro Mobile App, MT4, MT5, cTrading and TradingView platforms, which all cater to a wide variety of different trading styles.

Key Silver Trading Features:

• Silver Instruments: XAG/USD, XAG/EUR
• Silver Fees: Average spread 2.7 pips, $0.35 per 10k units traded commission
• Max Leverage: 1:10
• Total Metal Instruments: 12
• Platforms: FxPro Web Trader, FxPro Mobile App, MT4, MT5, cTrader, TradingView

FxPro has one of the best selections of trading platforms that I have seen in the industry. I like TradingView as it’s web-based and hosts the largest social trading community in the world, making it easy to share and view trade ideas. cTrader is my go-to for short-term, fast timeframes strategies as it’s been designed for those purposes. MT4/MT5 is great for running automated strategies using Expert Advisors. I also found that the FxPro platform is very good as well. It has customizable watchlists, one-click execution, a built-in news feed, an economic calendar and over 50 technical analysis indicators.

For me, the standout feature is the diverse range of metal contracts available to trade on. Not only can you trade XAG/USD, which is silver priced in US dollars, but you can also trade XAG/EUR, silver priced in euros. There is also the ability to trade zinc, lead and other metals outside of just gold and silver. On top of insightful market research from the trading platform and the broker’s website, and the FxPro Squawk service for real-time news, FxPro is a top broker to consider.

Founded in 2016, Capital.com is my top recommended broker for beginners due to its feature-rich, yet simple to use proprietary web platform, comprehensive suite of educational resources including guides, courses, and videos, as well as its app for learning on the go called Investmate.

Key Silver Trading Features:

• Silver Instruments: XAG/USD, Silver futures
• Silver Fees: Average spread 0.4 pips, zero commission
• Max Leverage: 1:10
• Total Metal Instruments: 20
• Platforms: Capital.com Web Trader, Capital.com App, TradingView, MT4, MT5, Investmate

During my live test, I was highly impressed with the Capital.com Web Trader platform. It has a user-friendly design perfect for beginners, but advanced trading tools that are easy to trade on any of the 5,000+ markets it offers. This includes one-click trading, depth of market and a built-in news scanner and market sentiment gauge. The best part for beginners is that it hosts the Trade Smart Academy section, which has around 100 educational videos covering a wide variety of trading topics like risk management, trader psychology and predicting market trends.

The fact that you can easily get started with a free demo trading account or start live with a low minimum deposit of $20 and with zero commissions is a great option for beginners to have. I found the standout feature to be the broker’s Investmate app, which helps traders to learn on the go. There is a wealth of high-quality information regarding analyzing market behavior, how to make your first trade, using different trading strategies, and quizzes to test your knowledge.

Beginners can learn about commodities trading directly from Capital.com’s Investmate App, which features a wide range of high-quality educational materials on the go. These cover topics like technical analysis, fundamental analysis, trading psychology, and risk management.

Founded in 2011, FXTM is known for offering one of the highest amounts of leverage in the forex market. With up to 1:3000 leverage on forex pairs and metals, I find that FXTM is a good option for active traders who need to take many trades at one time and need higher leverage for their capital to go further.

Key Silver Trading Features:

• Silver Instruments: XAG/USD, XAG/EUR, XAG/AUD
• Silver Fees: Average spread 2.2 pips, zero commission
• Max Leverage: 1:3000
• Total Metal Instruments: 10
• Platforms: MT4, MT5, FXTM App

During my live test, I found FXTM offers 5 different types of trading accounts called Edge, Micro, Advantage, Advantage Plus and Advantage Stocks. The Advantage and Advantage Plus accounts offer high leverage of up to 1:3000. This means you can control a position worth $3,000 with only $1. The reason FXTM can offer this is that most of its entities are regulated by Tier 2 and Tier 3 regulators, who do not impose maximum margin requirements that brokers can offer retail traders. When trading with Tier 1 regulators like the FCA and CySEC, they restrict leverage up to 1:30.

It’s important to note that your profit and loss is based on the total position size, so while you can open a large position with a small deposit, it magnifies both winning and losing trades, which is why proper risk management is important when using high leverage. I found the Advantage account to be the most cost-effective as it offers spreads from 0.0 pips and a competitive commission of $7 per lot in and out, which is in line with the industry average. I also found a unique range of silver CFDs to trade on, including XAGAUD, XAGEUR, XAGJPY, and XAGUSD.

Founded in 2005 in Australia, FP Markets is my best silver trading broker for professional traders with one of the highest numbers of metal CFDs of any broker. The 17 metals, including silver, can be traded from the MT4, MT5, cTrader, and TradingView platforms, with a strong range of different trading accounts to access ECN pricing. With its low spreads, zero commission, ECN pricing accounts, and an excellent range of research tools and platforms, FP Markets is a top broker to consider.

Key Silver Trading Features:

• Silver Instruments: XAG/AUD, XAG/USD, XAG/EUR, XAGSGD
• Silver Fees: Average Spread 2 pips, zero commission
• Total Metal Instruments: 17
• Max Leverage: 1:500
• Platforms: MT4, MT5, cTrader, TradingView

During our live test, I found that FP Markets offers a range of different account types. The Standard accounts are commission-free, while the Raw accounts offer lower spreads but a commission per trade. The most cost-effective option is the Raw account, which I found has an average spread of 2 pips on XAG/USD and an industry-standard commission of $3 per lot, per side. This is a great option for professional short-term traders who require low spreads and precise trade execution using interbank market pricing.

Another standout feature is the number of metal 17 CFDs available. The 17 contracts include silver, gold, palladium, platinum, lead, zinc, nickel, aluminium and copper, and are among the best selections of metals I’ve seen from brokers. These can be traded against the US dollar, British pound, Euro, Australian dollar, Singapore dollar, and Chinese Renminbi, which is, again, the highest number of fiat currencies to trade metals that I have seen.

Founded in 2009, XM is my best silver broker for those interested in trading on the move, using a top-notch, feature-rich trading app. 5 metal CFDs are available to trade on from the MT4/MT5 mobile apps and XM’s proprietary app, which has built-in trading signals, news and market research. With integrated live chat support, educational resources, and biometric login for added security, XM’s trading app is one to try.

Key Silver Trading Features:

• Silver Instruments: Silver
• Silver Fees: Average spread 5 pips, zero commission
• Total Metal Instruments: 5
• Max Leverage: 1:10
• Platforms: XM Web Platform, XM Mobile App, MT4, MT5

I was really impressed with XM’s trading app and found it to be user-friendly, but with many useful features, catering to both beginner and advanced traders. There is a one-click trading feature, which is great for placing quick trades reacting to news announcements, customi
zable watchlists so you can keep track of certain markets, and advanced charting powered by TradingView, offering hundreds of indicators and drawing tools in the app.

The standout feature for me is the built-in trading signals from Trading Central, live educational resources and a real-time news feed from Reuters. This is great for beginners to identify trading opportunities and learn on the go, as well as for advanced traders who need to stay up to date with live market news. Overall, I found more than 1,400 CFD instruments, including 5 metals: Gold, Silver, XAU/EUR spot CFD contracts and Palladium and Platinum futures CFDs. With deposits, withdrawals, and live chat all in the app, XM provides a one-stop solution for trading on the move that is impressive and worth checking out.

Founded in 2006, AvaTrade is our best silver broker for those seeking low spreads on forex and commodities, commission-free trading, and accounts with low overnight swap rates, which is ideal for longer-term swing trading styles. With the ability to trade from the MT4, MT5, Ava Web Trader, and AvaSocial app, it is certainly a broker worth considering.

Key Silver Trading Features:

• Silver Instruments: XAG/USD, Silver Futures
• Silver Fees: Average Spread 5 pips, zero commission
• Total Metal Instruments: 5
• Max Leverage: 1:50
• Platforms: MT4, MT5, Ava Web Trader, AvaSocial

During my live fee test, I found the spread for spot silver against the US dollar was around 5 pips, with zero commission. While this isn’t the tightest spread among brokers, the overnight swap is one of the most competitive, thereby lowering the overall cost of a trade. I also found that holding a short/sell trade on silver results in an overnight credit, which is a great sign, as some brokers purposefully increase their overnight swap rates so they always make money from it. I also noted that the spreads on forex pairs are much better than the industry average.

Of the 1,250+ tradable CFD instruments, I found 5 metals, including Silver Spot, Silver Futures, Gold, Gold Futures, and Platinum Futures, all available from each of the trading platforms AvaTrade provides. I was impressed with Ava Web Trader, which offers a user-friendly interface, integrated educational content, and trading signals from Trading Central, making AvaTrade a solid broker to consider.

Founded in 2008, Plus500 is a publicly traded company listed on the London Stock Exchange. In 2022, the broker launched its Futures Trading App for U.S. residents, providing access to a wide variety of futures markets without platform fees and with competitive contract commissions.

Key Silver Trading Features:

• Silver Instruments: Silver Futures (SI)
• Silver Fees: Average Spread 1 pip. $0.89 Standard Contract
• Max Margin: $1,250 per contract
• Total Metal Instruments: 5, including Silver, Gold, Palladium, Copper, Platinum Futures
• Platforms: Plus500 Web Platform & App

During my live test, I was impressed with how easy it was to trade futures contracts from the Plus500 web platform and futures trading app. I found 64 futures contracts available to trade on from the Chicago Mercantile Exchange (CME) covering forex, equity indices, commodities, interest rates, and cryptocurrencies. The margin requirement for silver is large at $1,250 per contract, so not ideal for small accounts. However, Plus500 US does offer Micro Silver contracts (SIL), which have a margin requirement per contract of just $300, which is useful for smaller trading accounts.

I liked the fact that Plus500 US already gives access to the most current futures contracts to trade, whereas on some platforms, you have to find the futures contracts that are in play by checking the monthly dates and volume. I was also impressed with the quality and depth of the broker’s Futures Trading Academy, which has a large selection of articles and videos covering the key terminology and fundamental aspects of futures trading.

On a side note, Plus500 US also provides access to prediction markets on the Kalshi exchange. I found quite a few events to trade on related to silver, such as the annual return of gold vs silver and the prediction of where the silver price will close at certain dates.