In this article, we will introduce which forex broker is the best for trading Gold.
Normally, Gold of CFD which is denominated by USD is called “XAUUSD”. In case price of XAUUSD is 1,930, gold price is 1,930USD per 1 Troy Ounce (toz). (1 toz is equal to 31.1034768 gram.)
In case trading Gold in forex brokers, “1 lot” is equal to 100 troy ounces.
|Average Spread (pips)||Leverage||Swap – long||Swap -short|
|Land-FX||2.0 ~ 3.5||1:200 (*)||-1.95||-1.65|
|Titan FX||2.23 (Standard)
(*) In case of HotForex and Land-FX, the leverage for gold is lower than one of forex.
From viewpoint of maximum leverage and swap value, we conclude that Exness offers the best condition for trading Gold.
Especially Exness offers 1:2000 as maximum leverage. This must be great benefit of Gold traders, especially beginner traders.
As we mentioned above, notional amount of XAUUSD per lot is bigger than forex, and gold market is relatively volatile rather than forex market. Therefore, we strongly recommend starting trade of Gold by small lot.
Also, please refer to our review of Exness as follows.