Recommended Overseas Forex Brokers for Trading Gold (XAUUSD): Spread and Leverage Comparison

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TariTali - The Best FX Cashback Site
Best Cashback Site TariTali
TariTali refunds up to $9 per lot
You keep cashback even on stop-losses and zero-cuts

What is Gold (XAUUSD)?

Gold (XAUUSD) is exactly what it sounds like: a financial instrument representing the price of gold against the US dollar.

XAU is the chemical symbol for gold.

  • Since 2019, it has attracted significant attention due to its massive price surge from the $1,200 range to over $2,000.
  • Due to its high volatility, an increasing number of Forex traders are trading gold.

If you want to quickly find out the conclusion on which brokers are recommended for trading gold, please click the link below.

Recommended Brokers for Trading Gold

Because of its intense short-term volatility, gold has become extremely popular among Forex traders in recent years.

Always Trade Gold (XAUUSD) via a Cashback Site

While gold spreads are narrower compared to stock indices or Crude Oil, they are generally wider than major Forex pairs (with the exception of TTCM).

For example, at iForex, spreads for USDJPY and EURUSD are under 1 pip, but gold is over 3 pips.

海外FXキャッシュバック口座開設ならTariTali（タリタリ）

It is highly recommended to use a cashback site like TariTali to receive cash rebates, effectively narrowing your real spread for gold.

If you are trading with an overseas Forex broker without a cashback account, you should add a new account via a cashback site and switch to it.

Using a cashback site is the most certain way to increase your profits in Forex trading.

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Conclusion & Summary

If you are using any of the following brokers, you should have no major issues trading gold:

  • Prioritizing Spreads → TTCM (from 0.4 pips), TitanFX (around 1.5 pips), TradeView (from 0.24 pips)
  • Prioritizing Spreads and Leverage → Exness (from 1.8 pips / up to Unlimited Leverage)
  • Want High Leverage Regardless of News or Time → TTCM (3,000x), XM (1,000x)
  • Mainly Trade Forex but Want Good Gold Conditions → Myfx Markets

If you are opening a new account and prioritize the gold trading environment, we highly recommend Exness and TTCM.

Trade Gold with Exness + TariTali (Real Spread ~1.6 pips, Unlimited Leverage)

Exness consistently improves its gold spreads. For instance, as of recent updates, the Standard Account offers spreads from 1.8 pips, while the Pro and Raw Spread accounts offer even tighter spreads.

Because Exness offers leverage of 2,000x up to Unlimited for gold, it is an excellent broker combining low spreads with high leverage.

However, please note the following leverage restrictions at Exness:

  • Leverage is restricted to 200x from 30 minutes before to 5 minutes after major economic indicators.
  • Leverage is restricted to 200x starting 3 hours before the market closes on Fridays.

If you want to trade gold with high leverage at all times without these restrictions, FXGT and XM (both 1,000x) are recommended.

That said, gold frequently experiences sudden spikes (stop hunting), so trading with maximum leverage carries high risk. Higher leverage is not always better.
Personally, a leverage of 400x to 500x is more than sufficient for trading gold safely.

Exness

Exness(エクスネス)はキャッシュバック口座がおすすめ
Exnessはキャッシュバック口座がおすすめ

Exness Review

Exness sets the leverage for gold and silver the same as for Forex pairs, offering a maximum of 2,000x to Unlimited, which is the highest among all brokers.

The gold spread is quite excellent for the leverage provided, starting at 1.8 pips even on the free Standard Account.

Another massive appeal of Exness is that gold trading is swap-free for both long and short positions.

Even with a small deposit like $10, you can hold a 0.05 lot position, making Exness highly recommended for small-capital challenges in gold or Forex.

ExnessはFXRoyalCashBackで取引ボーナス1万円を受け取れるので、FXRoyalCashBackでボーナス条件を達成した後、出金と報酬の反映が早いTariTaliに移行するのがおすすめです。

TradersTrust (TTCM)

TradersTrust(トレーダーズトラスト)はTariTali口座がおすすめ
TradersTrustはTariTali口座がおすすめ

TTCM Review

Previously, TTCM's gold trading environment was poor (100x leverage and ~4.0 pips spread). However, it has been drastically improved:

  • Gold maximum leverage was increased to 3,000x (dynamic leverage).
  • Classic Account spreads were reduced to around 0.4 pips, and Pro Account to 0.15 pips.

It is now arguably one of the best brokers specifically for gold trading.

Classic (Min) Classic (Avg) Pro/VIP (Min) Pro/VIP (Avg)
0.15 0.4 0.1 0.15

TariTali経由でTradersTrust(TTCM)に登録

TitanFX

TitanFX(タイタンFX)はキャッシュバック口座がおすすめ
TitanFXはキャッシュバック口座がおすすめ

TitanFX Review

TitanFX allows you to trade gold with 500x leverage, the same as Forex.

Its greatest appeal is its consistently narrow spreads, averaging between 1.2 and 2.0 pips even on the Standard Account. Because cashbacks are generated regardless of how short your holding time is, the combination of tight spreads makes TitanFX ideal for gold scalping.

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XM

XM - Recommended to use multiple account types
XM - Use multiple account types

XM Review

XM has significantly improved its gold spreads, which now average around 3.0 to 3.5 pips during the liquid NY session. With the maximum leverage for gold raised to 1,000x, it is a very solid choice.

XM is also very strong for CFD instruments like the NY Dow and NASDAQ, making it highly recommended for traders who focus on indices and commodities.

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FXGT

FXGTはキャッシュバック口座がおすすめ
FXGTはキャッシュバック口座がおすすめ

Famous for Crypto FX, FXGT has gradually improved its gold trading conditions. With leverage up to 1,000x and spreads around 3 pips, it is a decent option if you mainly trade crypto but want to dabble in precious metals on the side.

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TradeView

TradeView(トレードビュー)はキャッシュバック口座がおすすめ
TradeViewはキャッシュバック口座がおすすめ

TradeView Review

The ILC (paid) account features an incredibly tight gold spread of around 0.24 pips with a $5 round-turn commission. When combined with TariTali cashbacks, the real spread is around 0.54 pips, which is top-tier among overseas brokers.

Although leverage is limited to 200x on the ILC account, it is the best broker for traders with sufficient capital.

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FBS

FBSはキャッシュバック口座がおすすめ
  • 入金ボーナスを使うとレバレッジが下がるのでキャッシュバック口座がおすすめ
    入金ボーナスを使うとレバレッジが下がるのでキャッシュバック口座がおすすめ
  • FBSのCashback site comparison

While FBS offers up to 3,000x leverage for Forex, gold leverage is limited to 400x. Additionally, the Standard Account spread is consistently wide at around 3.8 pips. Interestingly, their spread for Platinum (XPTUSD) is quite excellent.

AXIORY

AXIORYはキャッシュバック口座がおすすめ

Despite generally excellent spreads, AXIORY's gold spread is slightly wide at 3.1 pips. More importantly, gold leverage is restricted to just 100x, making it hard to recommend for this specific asset.

HF Markets(HotForex)

HF Markets(HotForex)はTariTaliがおすすめ
HF MarketsはTariTaliがおすすめ

With a leverage of 200x and an average spread of 2.0 pips, the environment isn't terrible, but there is no compelling reason to choose HF Markets specifically for gold over brokers like TitanFX.

Why Gold is Popular: High Volatility with Forex-Level Leverage

Gold has an average volatility greater than the GBP pairs.

  • Extreme CFD volatility, sometimes moving $10 (100 pips) in minutes.
  • Can be traded with the same high leverage as Forex pairs at many brokers, making it accessible with small capital.

However, high volatility means catastrophic losses if the market moves against you. We strongly recommend placing a stop-loss of around $3 (30 pips) even on confident positions.

Characteristics of Gold Price Movements

Because gold moves fast, shorter timeframes like the 15-minute or 1-hour charts function similarly to the 1-hour or 4-hour charts in Forex. It respects long-term moving averages (like the 200 EMA) and trendlines quite faithfully.

Characteristics of Gold (XAUUSD) Price Movements

Gold (XAUUSD) Swap Points

Since gold has no interest rate, taking a Long (Buy) position against the high-interest US dollar generally incurs a negative swap.

  • Exness is Swap-Free.
  • Negative swaps are minimal at FBS.
Broker XM TitanFX Exness Myfx Markets
Swap Long -16 -14.06 0 -16.56
Swap Short 4.12 6.91 0 4.76

Because gold is fundamentally in a long-term uptrend, it is better to base your strategy around Long positions rather than holding Shorts just to earn positive swaps.

Early Morning Spread Widening for Gold (XAUUSD)

Generally, CFD spreads widen less during the early morning rollover compared to Forex. However, XM and Myfx Markets can experience significant widening.

Broker XM TitanFX Exness Myfx Markets
Early Morning Spread 8.3～ 4.0～ 6.72～ 6.5～
Average Spread 3.3～ 1.8～ 3.0～ 2.1～

Unlike Forex, Gold has a daily 1-hour period where trading is halted:

  • Summer Time: 23:00 - 00:00 (Server Time)
  • Winter Time: 23:00 - 00:00 (Server Time)

Given gold's volatility, gaps can form during this single hour, so be cautious when holding positions overnight.

Other Trivia About Gold (XAUUSD)

Margin Calculation for Gold

The contract size for gold at most brokers is 1 lot = 100 oz.

This means if gold is at $1,900, 1 lot represents a notional value of $190,000.

Dividing this by your leverage gives the required margin for 1 lot:

  • 2000x = $190,000 / 2000 = $95
  • 1000x = $190,000 / 1000 = $190
  • 500x = $190,000 / 500 = $380

Since you can trade from 0.01 lots, the minimum margin is 1/100th of these amounts.
Trading 1 full lot of gold is quite large, so if you are starting with a small balance, keeping your position size around 0.05 lots is much safer.

Difference Between Symbols XAUUSD and GOLD

While the most standard symbol is XAUUSD (Gold vs. US Dollar), brokers like XM use the symbol 'GOLD'.
Since commodities without a quoted currency are almost always priced against the USD, XAUUSD and GOLD are the exact same instrument.

Synthetic Gold Pairs

Some brokers offer pairs like XAUEUR (Gold vs. Euro) or XAUAUD (Gold vs. Aussie Dollar).
Because these are synthetic cross pairs, they are even more erratic and difficult to trade than XAUUSD, and are generally not recommended.

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TariTali - The Best FX Cashback Site
Best Cashback Site TariTali
TariTali refunds up to $9 per lot
You keep cashback even on stop-losses and zero-cuts

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