Gold investment has always been a significant diversification plan for your investment portfolio and a hedge against economic uncertainty.
Investment in gold online trading is also one of the easiest and most effective ways with technological advances. Either an experienced trader who wants to make a mark in the market or a newcomer in the financial world, the catch for being successful in your deal is selecting the best trading platform.
Here are the top 5 trading platforms for gold trading this year.
1. HFM
HFM is one of the top award-winning online forex trading platforms. The website lists a plethora of trading instruments, which includes gold. The main reason why HFM is famous is its competitive spreads and it offers a wide range of accounts that will fit a variety of needs and levels of user experience. It has advanced charting tools with real-time market analysis and with various features focused on proper risk management. The educational commitment of HFM is real, with a comprehensive suite of resources that includes webinars, tutorials, and market news. With sound regulatory compliance and grade-A security measures, it is a firm platform for gold trading.
2. eToro
eToro stands out as the pioneering social trading network, famous for its friendly interface usability together with innovative functionality. What makes it far better and outstanding is the CopyTrader facility built into it to copy the best-performing investors. This can be of great benefit to junior traders who want to learn from the best. eToro offers trading in a very broad range of assets—from cryptocurrencies and commodities to precious metals like gold. At the same time, it provides a host of tools and services in market analytics, information, and trader education, with a very alive social standing amongst traders who use the platform.
3. Plus500
Plus500 is a leading CFD trading platform that is easy and transparent to use. It deals in a high volume of different types of commodities among them being gold, while also having a free demo account that will allow you to virtually practice your trading strategies without incorporating real money. You can use the web and mobile applications of Plus500’s platform to trade from anywhere. It is governed and highly regulated by the highest regulatory bodies with very competitive spreads, extremely advanced charting conditions, and high-level conditions for risk management including stop-loss and take-profit orders. Because of Plus500’s total commitment to customer service, it is no wonder why beginners and experienced traders alike prefer this option for trading the financial markets.
4. IG Markets
Not only is it one of the more experienced companies, but with over 45 years in the trading business, IG Markets is the oldest name in the business. The company provides various trade facilities and tools related to gold trading through CFDs in options and futures. Other than that, IG Markets comes with a powerful trading platform where advanced charting tools are mounted, and the whole platform emits real-time market data and customizable alerts.
This platform offers a comprehensive learning environment that includes webinars, trading courses, and market analysis. It is designed to support traders who aim to enhance their development capabilities. IG Markets has created a very safe trading environment with its robust regulation.
5. XTB
XTB is one of the world’s largest trading platforms, and it completely covers all the assets you can pick up; the obvious one is gold. The award-winning xStation 5 platform is known by traders all over the globe for its speed, reliability, and ease of use. The broker offers a lot of educational coverage available at all levels: from trading tutorials, market news, and analysis to major asset classes. Last but not least, all this comes with competitive spreads, fast execution, and advanced risk management tools. XTB values customer satisfaction, and its dedicated customer support team is available 24/5 to help with any trading queries a client may have.
Conclusion
Your choice of a gold trading platform will matter in your success. Each of the platforms above—HFM, eToro, Plus500, IG Markets, and XTB—has something different and unique to offer for different styles and disparate levels of expertise therein. Take careful consideration of your needs and wants when it comes to trading and find a platform that will be best suited to your goals, of getting the most out of gold trading this year. Good trading!
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