Anyone recommend a decent Broker for trading Gold with a narrow spread
Thanks
Needs to accept UK residents
Thanks
Needs to accept UK residents
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Quoting marc williamsDislikedWell i'm looking for something around 75 PIPS max..Realy hard to trade Gold above that and make a decent profit IMOIgnored
DislikedOANDA was good for GOLD also but then regulation came... reducing leverage and all.. Would like to know some good reliable broker for gold trading that also provide at least 10-50:1 leverage.Ignored
DislikedOANDA was good for GOLD also but then regulation came... reducing leverage and all.. Would like to know some good reliable broker for gold trading that also provide at least 10-50:1 leverage.Ignored
DislikedI'm giving Interactive Brokers a spin for trading gold, I'll let you guys know what I think. Otherwise I've been trading the IAU ETF on Fidelity which offers $0 commission. If you want leverage selling gold, the DGLD ETF looks like it could be a pretty strong route for doing so. Be careful with that right now though.Ignored
DislikedI'm giving Interactive Brokers a spin for trading gold, I'll let you guys know what I think.Ignored
DislikedBulltrap is right, IAU is better due to the lower expense ratio. I'd still trade GLD options though. Here's a list of other Gold ETFs you might be interested in: https://etfdb.com/etfs/commodity/gol...er=desc&page=1 Levered funds like UGLD and DGLD would be interesting choices too, but I'd watch for tracking error with those.Ignored
Disliked{quote} Great info thank you. The IAU expense ratio is 0.25%, GLD is 0.40%. UGLD and DGLD look interesting... I may check those out. There is a 1.35% expense ratio on those bad-boys though.Ignored
DislikedFor xauusd I use Axi. Spread is typically 6 or 7 cents during liquid hours. Even if you.trade the GC futures, tick = 10 centsIgnored