Where to Trade Gold Futures in 2021 • Benzinga
Inflation is coming in hot, and many investors are looking for ways to preserve their purchasing power in this environment. Whenever inflation runs high, precious metals like gold and silver become popular assets since they predate the existence of government-issued currencies.
But unlike a stock or bond, a gold bar is a physical piece of metal that’s more difficult to store, transport or sell. Isn’t there an easier way to own gold? A proxy like gold futures can keep things simple. Learn where to trade gold futures now with Benzinga’s guide.
Ready to trade gold futures? Get started with our list of the best platforms to help you trade gold futures.
E*Trade is an online discount broker that mostly focuses on stocks, but it also offers affordable commissions on futures with discounts for active traders. It has 2 trading platforms, including the intuitive PowerTrader.
E*TRADE is an online discount trading house that offers brokerage and banking services to individuals and businesses. One of the first brokers to embrace online trading, E*TRADE not only survived both the dot-com bubble and Recession — it thrived. You can choose from two different platforms (one basic, one advanced). E*TRADE is a suitable broker for traders of most skill levels, whether you want to buy mutual funds and hold them for decades or dabble in options swing trading. E*TRADE offers a library of research and education materials to help you out.
- Active traders
- Derivatives traders
- Retirement savers
- Sophisticated trading platforms
- Wide range of tradable assets
- Exceptional customer service
- Limited currency trading
- Higher margin rates than competitors
- No paper trading on its standard platform
Tradestation doesn’t have the cheapest commissions, but they do have fast trade processing and a futures-specific trading platform called FuturesPlus. Tradestation also has a wealth of educational materials and access to multiple news and data sources.
TradeStation is for advanced traders who need a comprehensive platform. The brokerage offers an impressive range of investable assets as frequent and professional traders appreciate its wide range of analysis tools. TradeStation’s app is also equally effective, offering full platform capabilities.
- Advanced traders
- Options and futures traders
- Active stock traders
- Comprehensive trading platform and professional-grade tools
- Wide range of tradable securities
- Fully-operational mobile app
- Confusing pricing structure to leave new traders with a weak understanding of what they pay
- Cluttered layout to make navigating TradeStation’s platform more difficult than it should be
Interactive Brokers is ideal for trading who want fast processing, cheap commissions, and access to a wide range of commodities markets. Interactive Brokers has some of the best margin rates and a powerful platform loaded with tools and indicators.
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