Many investors want to start gold trading and invest in the yellow metal without the hassle of storing this rare element, so they are looking for a gold trading platform through which to start investing and accordingly we will get to know gold trading platforms according to experts of a trusted site.
In the following table we show you the best gold trading platforms and the table arrangement can be adopted as the first company is always considered the best gold trading platform in your country with important gold trading information from the end of the article
Gold trading and gold trading platforms
Gold trading in the broadest and most comprehensive sense – was very popular in the Arab world, especially with large investors, as it is described as a safe haven in times of crisis.
Gold has proved over the past few years that a large part of investors went into gold trading in the recent crises as the price of gold was directly affected at the time of the Corona pandemic and the Russian-Ukrainian war, which created great profit opportunities.
And the online gold trading experience is a valuable experience, one of the most successful investment experiences, but the success of this experience depends on one main factor, which is access to the best gold trading platform that guarantees full protection for clients while providing them with decent services.
Gold trading is one of the main alternatives that dispenses with buying real gold and storing gold with the aim of profiting from the difference in buying and selling price by trading gold in CFD system with gold trading platforms dedicated to this Service are licensed.
Gold trading through these platforms allows investors to speculate on the price of gold and take advantage of opportunities in the market whether the price of gold is rising or falling as opposed to buying real gold and now we explain the difference.
Compare buying gold with online gold trading
When you buy real gold, you are buying the yellow metal at the current market price, and if the price of gold suddenly falls, you will have an amount of gold in which the investment has been lost, and accordingly you will have to wait for the price to recover so that the return on a investment in gold is positive.
While trading gold through CFD trading platforms allows you to open buy and sell trades based on market movement expectations and thus be able to speculate on the price, whether the price will go down or up, to make a profit from it.
On gold trading platforms it is always allowed to use financial leverage, which increases the power of buying or selling gold contracts while speculating, which doubles profits.
List of the best gold trading platforms
After explaining how gold trading works and how the trading mechanism differs from buying the yellow metal mechanism, we would like to show you a list of the best gold trading companies and platforms by rating a trust site.
The following list of companies can be recognized as the best gold trading company and the ranking is:
The trading platform Evest is licensed worldwide
- AvaTrade is authorized and regulated in Abu Dhabi
- XTB is licensed in Dubai
- eToro is FCA regulated
The Best Licensing Bodies for Gold Trading Platforms
There are several organizations and financial institutions around the world that are responsible for licensing gold trading, and these bodies are responsible for overseeing companies trading in stock markets and activities related to trading.
The gold trading platform’s attainment of accreditation of these organizations is conclusive evidence that it operates within a legal and legitimate framework and is committed to applying recognized quality standards and protocols to protect client funds. Some of the most prominent of these organizations include the following:
The Cyprus Securities and Exchange Commission (CySEC).
UK Financial Conduct Authority (FCA).
Swiss Financial Market Supervisory Authority (FINMA).
Markets in Financial Instruments Directive (MiFID).
Australian Securities and Investments Commission (ASIC).
Explain how gold is traded in general
Starting gold trading starts with choosing a licensed and reliable trading broker from the list of the best gold trading companies presented to you on a trusted website.
After choosing a reliable trading broker, you need to ensure that this broker provides gold contracts on the platform and to ensure a successful trading mechanism, we recommend adopting the following
Trading with an amount of money between 500 to 1000 dollars for beginners.
Verify the account immediately after depositing into the gold trading portfolio.
Use the educational resources on the trading platform to explain gold charts.