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Trade European-style vanilla options
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Just finished browsing all the gold trading apps. Why is choosing so difficult? 😅 Before choosing, you need to know what kind of gold trading you want—actual buying and selling via Spot or trading CFDs that profit from price differences.
For the Spot type (actual gold), I recommend MTS, Gold Now, and AUSIRIS—withdraw and convert to real gold bars. Suitable if you want to accumulate gold long-term, but the fees and spreads are quite high.
If you want short-term gold trading, CFDs are better—Mitrade, Pepperstone, IC Markets—quick to execute, low fees, but you need to be good at leverage; otherwise, you could lose everything.
Given the current market situation, major banks are raising their gold price targets to $4,500–$5,000 per ounce. Trading gold is another interesting option, but you must choose the app carefully and understand the risks first.