Gold Trading Brokers: Exness and Tickmill
A broker affects your gold trading costs, execution and the safety of your funds. Before you compare names, check the points below, and only trade money you can afford to lose.
What to check before opening an account
2. Costs: spread plus commission on XAUUSD, and whether spreads widen during news.
3. Contract specs: the lot size for gold (usually 100 oz) and the leverage allowed for your country.
4. Withdrawals: speed, fees and the methods available to you.
5. Protection: segregated client funds and negative balance protection.
Exness
Exness is a large international broker offering forex, gold and other CFDs on MetaTrader platforms and its own terminal. It operates through several entities in different jurisdictions. Depending on where you live, you may be served by an entity supervised by a regulator such as the FCA or CySEC, or by an offshore entity, for example Exness (SC) Ltd, which is authorised by the Seychelles Financial Services Authority. Offshore entities usually offer weaker client protections, so check which entity you are signing up with before you deposit.
Tickmill
Tickmill is a forex and CFD broker offering MetaTrader platforms and raw-spread style accounts that suit traders who compare commissions. It also operates through several entities. Depending on your country you may be served by a firm authorised by a regulator such as the FCA or CySEC, or by an offshore entity. Check which entity serves you and what protections it offers.
Quick comparison
| Exness | Tickmill | |
|---|---|---|
| Platforms | MetaTrader and Exness terminal | MetaTrader |
| Regulation | Depends on your country. Entities range from FCA and CySEC to offshore (Seychelles FSA) | Depends on your country. Check the entity shown at sign-up |
| Check before joining | Entity for your country, gold costs, withdrawals | Entity for your country, gold costs, commission |
Start safely
Open a demo account first. Practise gold position sizing with the gold trading guide, then deposit only a small amount and test a withdrawal early.