Best Gold Brokers
Trade Nation - Broker Review
| Feature | Trade Nation |
| Overall Rating (XAUDesk) | 4.2 / 5 |
| Founded / Headquarters | 2014 / London, UK |
| Regulation | FCA (UK), ASIC (Australia), FSCA (South Africa), SCB (Bahamas), FSA (Seychelles) |
| Minimum Deposit | $0 |
| XAU/USD Spread Model | Variable — gold and other commodities are priced on a variable spread, separate from Trade Nation's fixed-spread FX accounts |
| Platforms | MT4, TradingView, TN Trader, Trade Copier |
| Max Leverage (Retail) | Up to 1:500 depending on entity and jurisdiction (1:30 for FCA/ASIC retail clients) |
| Negative Balance Protection | Yes |
| Fund Security | Segregated client funds; FSCS protection up to £85,000 for UK clients |
| Best For | Traders who want strong Tier-1 (FCA/ASIC) oversight and a $0 entry point on major FX pairs |
| Read Full Review | Trade Nation Review |
| Open an Account | Open Trade Nation Account |
MultiBank - Broker Review
| Feature | Trade Nation |
| Overall Rating (XAUDesk) | 3.8 / 5 |
| Founded / Headquarters | 2005 / Dubai, UAE |
| Regulation | ASIC (Australia), BaFin (Germany), CySEC (Cyprus), DFSA (UAE), FMA, plus additional regional registrations. Tier-1 coverage (ASIC, BaFin, DFSA) applies only to certain entities — confirm which entity you're onboarded with. |
| Minimum Deposit | From $50 (Standard); $1,000 (Pro); $10,000 (ECN) |
| XAU/USD Spread Model | Variable spreads — from near-zero on ECN accounts (plus commission); wider on commission-free Standard accounts |
| Platforms | MT4, MT5, MultiBank App/MultiBank-Plus (copy trading) |
| Max Leverage (Retail) | Up to 1:500 depending on entity and jurisdiction |
| Negative Balance Protection | Yes, in applicable jurisdictions |
| Fund Security | Segregated client funds; Lloyd's of London Excess Loss Insurance up to $1,000,000 per account (select entities) |
| Best For | Traders wanting a wide instrument range and tighter ECN pricing, who are comfortable verifying entity-specific regulation |
| Read Full Review | MultiBank Review |
| Open an Account | Open MultiBank Account |
