Broker costs for gold and metals
8 brokers · 21 accounts · 29 regulated entities · checked 20 Sep 2026
Factual information, not advice. Every company is measured the same way, against published criteria. Nothing here recommends a firm, plan or trade, or knows your circumstances.
Cost in dollarsOne market at a time. Lower is cheaper.
What a month of gold trading costs
8 round turns a month and 12 nights held. Swap starts to matter. One lot of gold ($428,620 of metal).
17 of 21accounts publish a gold spread nobody can compare. Why?
The broker prints a number with no unit, or calls it “pips” without saying what a gold pip is, so the same figure could mean $1.20 or $12 a lot. We show what they published and leave it out of the ranking.
Brokers ranked2 of 8publish enough to cost gold
Cheapest a month$803Tickmill
Most expensive$854IC Markets
Trading styleSwingchange it above
Cheapest on gold$803/ mo
TickmillRaw Account1:1000 to 1:10 by size · FSA (Seychelles)Raw plus commission
Gold spread$0.09 an ounce$15 a round turn
iShow the maths
How the swing cost is worked out
Spread$0.09 an ounce × 100 oz$9
Commission, round turn$6
One round turn$15
Swing trades a month8
Overnight charges a monthone per weekday, three on the triple-swap night12 × -$56.94
Gold Cost Index · one lot a month$803
See Tickmill costs#2$854/ mo
IC MarketsRaw Spread1:2000 to 1:100 by size · FSA (Seychelles)Raw plus commission
Gold spread$0.09 an ounce$16 a round turn
iShow the maths
How the swing cost is worked out
Spread$0.09 an ounce × 100 oz$9
Commission, round turn$7
One round turn$16
Swing trades a month8
Overnight charges a monthone per weekday, three on the triple-swap night12 × -$60.52
Gold Cost Index · one lot a month$854
See IC Markets costsMonthly cost = spread and commission on every trade, plus overnight swap. 2 of 8 brokers publish enough to work it out. Leverage depends on which regulated company you sign up with. How we rank
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