The gold broker rush. Best gold trading brokers for gold-hungry investors
Widespread economic concerns have seen central banks buying up stacks of gold bullion, nearly 1,079 tonnes of the precious metal during 2022, the most since records began back in 1950.
With the government scrambling to keep the lights on and pay their bills, many investors, even entry-level enthusiasts, are searching for more palpable investment opportunities that could carry them during a sudden market slowdown. Perhaps the most notable attraction of eToro is the fact that it is user-friendly, has zero commission, and has a strong regulating infrastructure that ensures investors are exposed to investments best suited for their portfolios. Gold CFDs are commission free, and the platform allows one to short-sell gold investments if prices start climbing.
A drawback, however, is the fact that Pepperstone does not allow commodities futures or options trading. The platform also does not allow third-party commodity trading platforms.For investors that are looking for a different course of direction, Weibull provides them with options on gold and silver futures, or commodity ETFs. Although considered to be more geared toward experienced or seasoned professionals, Weibull does provide proprietary tools for less-experienced traders and investors.
Although FXTM is not the biggest and most widely used online brokerage platform for gold and commodity trading, its proprietary platform, FXTM Invest, gives investors more leverage to strategically develop an investment model that suits their long-term investment goals.
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