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Trading gold through apps is really popular right now. I'm looking for the best app because I've seen many recommendations. It turns out there are 6 apps in use. But first, you need to understand that there are two types of gold trading: physical gold (Spot) and CFDs, which are derivative instruments.
If you want to trade gold CFDs, the recommended apps are Mitrade, Pepperstone, and IC Markets. Any of these will do. Mitrade is good because it's easy to use, has low fees, a minimum deposit of only $50, and a free demo account for life. Pepperstone offers low spreads and supports Thai language. IC Markets is suitable for those who like fast trading.
But if you want to trade real physical gold that can be withdrawn as actual gold, there are MTS, Gold Now, and AUSIRIS. Choose MTS because it’s a major gold shop in Thailand, allowing purchases from as little as 0.1 grams, with no trading fees. Gold Now differs in that it’s a partnership between SCB and Huaxing Heng, with fast deposits and withdrawals. AUSIRIS is suitable for those who want to save gold gradually each month.
Actually, choosing a gold trading app depends on what you want. Short-term or long-term trading? Do you want real gold or just profit from price differences? How much capital do you have? All these are important for making a decision. Each app has its pros and cons. Whether CFD or Spot, it’s better to open a demo account first and then decide which app suits you best.