Independent forex broker comparison·Data checked Trading is risky. Most retail CFD accounts lose money.
EUR/USD typical
Interactive Brokers0.1+$4OANDA0.1+$5HFM0.0+$6Vantage0.0+$6Exness0.0+$7FOREX.com0.0+$7FP Markets0.1+$6CMC Markets0.7pipsIC Markets0.1+$7XM0.1+$7tastyfx0.8pipsPepperstone0.1+$7Saxo0.8pipsIG0.9pipsAvaTrade0.9pipsXTB0.9pipsOcta0.9pipseToro1.0pipsCharles Schwab1.2pipsPlus5001.3pips

6 brokers compared · 2026

Best brokers for trading gold (XAU/USD)

Gold is one of the most traded CFDs, and costs vary far more than on EUR/USD. A spread of 10 cents versus 30 cents on XAU/USD is $20 per standard lot. These brokers offer the tightest gold pricing with reliable execution during news spikes.

By the FXBroker research desk · Updated · Advertiser disclosure

  1. 01ExnessSome of the tightest XAU/USD spreads and swap-free options.
  2. 02IC MarketsRaw gold pricing with low commission.
  3. 03PepperstoneTier-1 regulated with Razor pricing on gold.
  4. 04XMGold micro lots from a $5 deposit.
  5. 05VantageRaw ECN gold on TradingView.
  6. 06FP MarketsLow commission on MT4, MT5 and cTrader.
#BrokerScoreEUR/USDRaw / lotMin. dep.RegulatorsPlatformsLinks
01 ExnessInstant withdrawals and very high leverage 4.1 1.0pips $7all-in $10 FCACySECFSCA+3 MT4MT5 VisitReview
02 IC MarketsScalpers and algo traders who want raw spreads 4.4 0.8pips $8all-in $200 ASICCySECFSA (Seychelles)+1 MT4MT5cTraderTradingView VisitReview
03 PepperstoneActive traders who want tier-1 regulation and raw pricing 4.6 1.1pips $8all-in $0 ASICFCACySEC+4 MT4MT5cTraderTradingView VisitReview
04 XMBeginners funding a small first account 4.1 1.6pips $8all-in $5 CySECASICDFSA+2 MT4MT5 VisitReview
05 VantageRaw ECN pricing with TradingView 4.2 1.2pips $6all-in $50 ASICFCACIMA+2 MT4MT5TradingView VisitReview
06 FP MarketsLow-cost cTrader and TradingView trading 4.4 1.0pips $7all-in $100 ASICCySECFSCA+3 MT4MT5cTraderTradingView VisitReview

Spreads are typical values during liquid hours and change constantly. Raw / lot = raw EUR/USD spread converted at $10 per pip plus round-turn commission. Data checked October 2026. How we score.

01

Exness

Some of the tightest XAU/USD spreads and swap-free options.

4.1/5

Exness is one of the highest-volume retail brokers in the world, known for automated instant withdrawals, tight spreads on gold and majors, and very high leverage for eligible offshore clients. It is especially popular in South Africa, Asia and the Middle East.

Pros

  • Automated instant withdrawals on most payment methods
  • Tight spreads on gold (XAU/USD) and major pairs
  • Low $10 minimum deposit on Standard accounts

Cons

  • Most retail clients are served by offshore entities
  • Smaller product range than multi-asset brokers
EUR/USD
1.0 pips
Raw / lot
$7.0
Min. deposit
$10
Regulators
FCACySECFSCAFSA (Seychelles)+2
Platforms
MT4, MT5, Exness Terminal, Exness Trade App
02

IC Markets

Raw gold pricing with low commission.

4.4/5

IC Markets is one of the largest true-ECN style brokers by forex volume. Its Raw Spread account pairs near-zero EUR/USD spreads with a flat commission, and it supports MT4, MT5, cTrader and TradingView, which makes it a default choice for scalpers, EA users and high-volume day traders.

Pros

  • Raw spreads averaging around 0.1 pips on EUR/USD
  • MT4, MT5, cTrader and TradingView all supported
  • Fast execution suited to scalping and expert advisors

Cons

  • $200 minimum deposit is higher than XM or Exness
  • Limited in-house research and education
EUR/USD
0.8 pips
Raw / lot
$8.0
Min. deposit
$200
Regulators
ASICCySECFSA (Seychelles)SCB (Bahamas)
Platforms
MT4, MT5, cTrader, TradingView
03

Pepperstone

Tier-1 regulated with Razor pricing on gold.

4.6/5

Pepperstone matches IC Markets on cost while offering stronger tier-1 regulation, including the FCA and BaFin. Its Razor account delivers raw spreads with a low commission across MT4, MT5, cTrader and TradingView, and there is no minimum deposit.

Pros

  • Razor account with raw spreads and $7 round-turn commission
  • FCA, ASIC, CySEC and BaFin regulation
  • MT4, MT5, cTrader and TradingView

Cons

  • Product range is narrower than IG or Saxo
  • Not available to US residents
EUR/USD
1.1 pips
Raw / lot
$8.0
Min. deposit
$0
Regulators
ASICFCACySECBaFin+3
Platforms
MT4, MT5, cTrader, TradingView
04

XM

Gold micro lots from a $5 deposit.

4.1/5

XM is one of the most popular forex brokers worldwide, especially in Asia, Africa and Latin America. A $5 minimum deposit, micro lots, frequent webinars and a well-built mobile app make it beginner-friendly, while the XM Zero account offers raw pricing for more active traders.

Pros

  • Very low $5 minimum deposit and micro accounts
  • Excellent free education, webinars and daily analysis
  • MT4 and MT5 on every account type

Cons

  • Standard account spreads are wider than raw-spread rivals
  • No cTrader or native TradingView trading
EUR/USD
1.6 pips
Raw / lot
$8.0
Min. deposit
$5
Regulators
CySECASICDFSAFSCA+1
Platforms
MT4, MT5, XM App
05

Vantage

Raw ECN gold on TradingView.

4.2/5

Vantage is an Australian-founded multi-asset broker with ASIC and FCA regulation, Raw ECN pricing at $6 round turn, TradingView integration and an in-app copy trading platform.

Pros

  • Raw ECN account with $6 round-turn commission
  • TradingView and MT4/MT5
  • Built-in copy trading in the Vantage app

Cons

  • Most international clients use the offshore VFSC entity
  • Research is limited
EUR/USD
1.2 pips
Raw / lot
$6.0
Min. deposit
$50
Regulators
ASICFCACIMAVFSC+1
Platforms
MT4, MT5, TradingView, Vantage App
06

FP Markets

Low commission on MT4, MT5 and cTrader.

4.4/5

FP Markets is an Australian ECN broker founded in 2005. Its Raw account charges $6 round turn with spreads from 0.0 pips, and it supports MT4, MT5, cTrader, TradingView and Iress for share trading.

Pros

  • Low $6 round-turn commission on Raw
  • Five platforms including cTrader and TradingView
  • ASIC, CySEC and FSCA regulation

Cons

  • Education is basic
  • Not available in the US or UK
EUR/USD
1.0 pips
Raw / lot
$7.0
Min. deposit
$100
Regulators
ASICCySECFSCAFSA (Seychelles)+2
Platforms
MT4, MT5, cTrader, TradingView

How we chose these brokers

Gold cost
Typical XAU/USD spread plus commission per lot.
Execution
Stability around US data releases (NFP, CPI, FOMC).
Swap
Overnight financing and swap-free availability.
Contract size
Minimum lot size and margin requirements.

Scores use our standard methodology. Rankings on this page also weight the specific criteria above.

Frequently asked questions

What is XAU/USD?

XAU/USD is the price of one troy ounce of gold in US dollars.

How much is one lot of gold?

At most brokers one standard lot of XAU/USD is 100 ounces, so a $1 move is worth $100 per lot.

Which broker has the lowest gold spread?

Exness, IC Markets and Pepperstone typically offer some of the lowest all-in XAU/USD costs, but spreads widen around major news.

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly. Between roughly 60% and 89% of retail investor accounts lose money when trading CFDs, depending on the provider. Consider whether you understand how they work and can afford to lose your money. Read the full risk warning.