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Best Gold Trading Platforms allowed to trade in India. Rating with real reviews

Forex trading seems to be difficult. To make a profit, you don't necessarily need to trade on foreign currency markets. Copy trading has existed on the market for a long time. This allows you to copy transactions from successful traders into your account. Connect to the service, and choose an account that you want to copy in order to make profits. Copy trading is an automated trading system that copies transactions from one account to another. How is this possible, you ask? Transactions can be copied from specific platforms. After you have registered on a platform you can select a provider to receive his signals. After the trader completes his transactions, they will be automatically replicated in your trading account.
JustForex Pros
Although the profit margin is lower, the risk of losing all your money is reduced.
A losing deal can be hedged with a profitable one
This will help to reduce losses and keep you from losing all of your money at once
This allows you diversify your risk exposures
You can select as many signal providers you wish
Enjoy more time. You don't need to spend too much time looking at the market.
Your trading style. The signals provider that best suits your trading style can be chosen
Professional traders trade
Transactions can make you money, no matter your level of skill
JustForex Cons
Always turn on the trading platform/terminal
The brain can be relaxed if the muscles aren't used.
You don't pay enough attention to the market and don't learn from your errors. This makes it difficult for you to do technical and fundamental analysis.
You could lose your originality by copying another person's deal
Copy trading can be dangerous
Even though trades can be profitable, signals providers may make mistakes and turn negative.
Forex can be unpredictable and ambiguous.
OctaFX provides a low-cost, basic MetaTrader platform experience along with its social copy-trading platform. Although it has made significant progress in pricing options for traders but lacks a wide range of tradeable instruments as well as a variety of educational content, OctaFX is still a poor choice. OctaFX is also a holder of one regulatory license.
OctaFX Pros
OctaFX was founded in 2011 and is regulated by only one tier-2 jurisdiction (Cyprus). This makes it a high-risk broker in forex and CFD trading.
Keeps an increasing number of well-organized research with trading ideas, weekly forecasts and third-party content.
OctaFX is a brand new platform for social copy-trading.
OctaFX Cons
Customers who are served by the broker's offshore non-regulated entity in Saint Vincent & the Grenadines, (SVG), do not receive any regulatory protection.
OctaFX seems to have competitive trading costs. However, its listed spreads don't have corresponding date ranges and are paired only with a small selection of over 50 tradeable symbol pairs.
OctaFX is unable to compete in education with multi-asset brokers.
OctaFX no longer offers cTrader's platform.
Angel One Limited, also known as Angel Broking in India, is an Indian broker that offers online trading for a variety of products. It was established in 1996. The Securities and Exchange Board of India regulates it. This broker is recommended for both beginners and experienced traders who are looking for an Indian broker to trade stocks on Indian market. Angel One may not be the right broker for you if you're not an Indian citizen.
Angel One Pros
* Many types of assets
* Excellent educational materials
* Demo account
Angel One Cons
* Available only to Indian citizens and residents
* Exclusively for Indian markets
* No credit card deposit
One, an investor can receive physical delivery of the gold at their doorstep. It is also very liquid. You can sell or buy units anywhere and anytime. You can use the digital gold that you have bought as collateral to secure online loans. Your purchase is not only safe, but also 100% insured. You can also exchange your physical gold for jewellery, bullion, or coins.
Augmont Pros
An investor can receive physical delivery of gold at his door
Invest as little as Re 1
Can be used to secure online loans
Digital gold is real and has a purity of 24K
Your property is kept safe and is fully insured
It can be used to exchange for physical jewellery, bullion and gold coins.
Augmont Cons
Maximum investment limit of Rs. 200,000 on most platforms
There is no official regulator body such as Sebi or RBI
Delivery and/or making charges may apply
Limited storage periods may be offered by some companies
Intraday trading is just what its name implies - buying and selling stocks on a regular schedule. Intraday traders can make a lot of money from this market by avoiding volatility. Volatility can increase your profits but it can also lead to huge losses due to price changes. To understand how the market works and how you can make money, it is important to know both the pros and cons. We will be highlighting some of the advantages and drawbacks to intraday trading in this article. Keep reading to find out more about the pros and cons of intraday trading.
Gill Broking Pros
Buy Low, Sell High
No Waiting Period
This can be a full-time job opportunity
Minimal research is required
Gill Broking Cons
There is no fixed amount
It carries a high risk
It carries a high risk
Trade Nation's intuitive, well-designed trading app is a great platform for beginners in forex and CFD trading. Trade Nation may not have the advanced features that you would expect from top trading platforms, however, it might be a problem for seasoned traders.
Trade Nation Pros
Regulated in Australia and the U.K., South Africa, and the Bahamas
Trade Nation's web and mobile platforms are well-designed and simple to use. This has earned them a Best in class ranking in the Ease category.
Smart News, available on the web platform and mobile app, curates tweets and news headlines.
ChartIQ on Trade Nation powers charts for mobile and web.
Trading signals powered by Acuity Trading can be easily copied using a click in a trade ticket.
Fixed spreads are competitive for CFD and forex trading, except during rollover.
Loyalty rebates in South Africa or the Bahamas offer discounts starting at 10% on spreads and a maximum of $2,500 per client.
Trade Nation Cons
Web platform lacking headlines and market research beyond smart news feature.
Blog updates are only occasionally available on market research.
It is very limited in terms of educational content and the videos and articles are not varied.
MetaTrader Suite is no longer being promoted.
Interactive Brokers is a trusted multi-asset broker that offers a wide range of global markets. It offers competitive fees, high-quality education and research, and a modern, institutional-grade trading platform. MetaTrader will be a great platform for professional traders. It offers advanced trading tools and order types that are very sophisticated. However, this may prove overwhelming to beginners.
Interactive Brokers Pros
Interactive Brokers was founded in 1977 and is publicly listed (NASDAQ: IBKR). It is regulated in six Tier-1 jurisdictions making it a safe broker (low risk) to trade forex and CFDs.
Interactive Brokers has a trustable, well-capitalized brokerage with Ending Client Equity in excess of USD 373.8 billion and Equity Capital in excess of USD 10.01 trillion. Interactive Brokers allows customers to trade on a wide range of financial markets worldwide, including stocks and options, futures and spot forex.
Traders have access to 135 markets centers in 33 countries and 23 currencies. Not available for U.S. residents: Retail spot forex trading cannot be done. (For U.S. forex trades, please see our U.S. Forex Trading Guide). forex brokers guide
Interactive Brokers' web-based Client Portal has been improved and is easier to use for forex trading. It also includes news headlines and an economic calendar.
The Trader Workstation (TWS), a desktop platform that allows for advanced trading tools, is a great choice for professionals and seasoned traders.
This allows for highly complex order types, which can prove to be an advantage in advanced forex trading strategies.
Spot gold and spot cryptocurrencies were launched in 2021, including bitcoin trading in the U.S.
More than a dozen micro-futures are available, including major forex pairs.
Interactive Brokers Cons
Although it is great for professionals, the Interactive Brokers' Trade Workstation (TWS), desktop platform for traders, can be too complex for novice traders.
MetaTrader does not exist as an alternative platform option.
Saxo Bank, a multi-asset broker that specializes in research and trading platforms, offers a unique experience with a remarkable selection of over 40,000 securities. Saxo Bank offers a rich, immersive trading experience for active traders, or those who are able to afford the high account balance requirements.
Saxo Bank Pros
Saxo Bank was founded in 1992 and has three regulated banks. It is licensed in six Tier-1 jurisdictions. This makes it a safe broker (low risk) to trade forex and CFDs.
Saxo Bank offers access to more than 40,000 instruments, including micro-futures, forex options and crypto derivatives depending on where you are located.
SaxoTraderGo is Saxo Bank's flagship platform. It includes everything traders need to navigate the markets.
Complex orders can be handled with account protection features.
Saxo publishes average spread data by order size and not just across trading sessions per day. This highlights its ability to provide best execution at scale.
Corellian Academy content on risk management is an excellent addition to the existing educational offerings of Saxo Bank.
The pricing for Platinum and VIP account holders is very competitive. Classic account holders pay less on pairs like the EUR/USD than the industry average.
Saxo Bank Cons
Saxo Bank is a producer of high-quality videos to support its research and education but it wasn't actively creating video content in 2021.
Although the educational content is excellent, there are still areas for improvement. For example, you can add progress tracking and quizzes to your lessons and expand the number of videos and written lessons.
The minimum deposit requirements are very high. A Classic account requires a $2,000 minimum deposit, while VIP and Platinum accounts require a minimum of $200,000 and $1,000,000. Consider CMC Markets or IGH instead if you feel the minimum deposit requirements are too high.
Although the SaxoTraderPRO desktop platform can be an incredible trading tool, it is difficult to customize. We would welcome more pre-defined layouts.
Plus500 is a global trusted brand that provides an easy-to use trading platform for online traders. It also offers access to share trading and a wide selection of CFDs. Plus500's simplified trading platform is a great choice for beginners who are looking for an easy-to-use experience. However, active traders will be disappointed by its lack of educational content and limited market research.
Plus500 Pros
Plus500 was founded in 2008 and is part the FTSE 250 Index.
Plus500 is licensed in four tier-2 and three tier-1 jurisdictions. This makes it a safe broker (low risk) for online trading.
The Plus500 web-based trading platform proved to be very user-friendly. It is a solid choice for beginners. Disclosure: A trading platform that is recommended for beginners doesn't make it easy to make money. It is risky to trade.
Plus500's mobile app and web platform feature robust charting that is consistent across all devices.
This site offers a wide range of tradeable symbols that include CFDs, shares and more than 2,000.
Plus500 seems to offer spreads that are close to the industry average for most of its major forex pairs.
CFD option contracts can be purchased on 24 most popular symbols.
Offers cash rebates to active traders through its Professional Account.
Plus500 Cons
Plus500 is a basic platform that makes it less appealing to active traders.
Plus500 doesn't offer extensive educational content for learning financial markets.
The Plus500 platform suite does not have a news calendar.
Plus500's research content is limited to a handful of daily articles and lacks market analysis or updates.
IG is the best trading platform, offering excellent research and trading tools, industry-leading education and a wide range of tradeable markets. Trusted multi-asset broker, IG has global regulation and is publicly traded. We rank IG as the top overall broker in 2022 because of its exceptional experience.
IG Pros
IG was founded in 1974 and is listed on the public (LON:IGG). It is also regulated in six tier-1 countries, making it a safe broker for CFDs and forex trading.
In our 2022 Review, IG was ranked as the most trusted broker in forex and CFDs.
IG is the ultimate forex broker and finished 1st Overall in our 2022 ranking.
IG was second in Platforms and Tools and first in Research. IG also finished Best In Class (top 7) in Offering of Investments (with more than 19,000 tradeable instruments), Commissions and Fees and Education.
IG acquired tastytrade for $1B to introduce options trading and listed derivatives (i.e. Futures) trading to U.S. customers.
IG Smart Portfolios, share-dealing and forex trading are just a few of the offerings that IG has.
IG Cons
IG's web platform, which is the best in its industry, is amazing. However, it lacks predefined layouts so some manual configuration is required.
IG's MetaTrader offer only has 76 tradeable instruments, despite the premium MT4 addons from FX Blue and Autochartist integration.

What is gold trading exactly?

The practice of trading gold involves speculating on how the gold market will perform in order for you to make a profit. This may be done using futures, options or spot prices. Shares and exchange-traded fund (ETFs) are also possible. During transactions, physical coins and bars of gold are usually not handled. Instead, cash is used to settle the transaction.
There are many reasons to trade gold.
Trading gold doesn’t require you to adhere to the old mantra of ‘buy high, sell low’. You can also go long or short on prices of gold – taking advantage both of price falls and of those that rise. No matter what position you are in, gold trading is all about forecasting the market’s direction. The more the market moves in the direction that you predicted, the greater your profits. Conversely, the more the market moves against or towards you, the larger your losses.

Where can you trade gold?

Gold futures
Futures contracts can be used to trade gold. A futures agreement is an agreement to buy and sell gold at a specific price at a future date. Although futures can be used for physical commodity possession, they don’t have to be – futures can be settled in money.
Gold contracts are traded mainly on the OTC London exchange, the US futures market COMEX, and the Shanghai Gold Exchange. Trade gold futures can be done with online gold trading brokers.

Optional gold
Options on gold give you the right to trade the metal at a fixed price (known as the strike price) and with a specific expiry date. You can buy the metal by buying a call option, and you can sell it by purchasing a put option. Gold futures are the underlying asset for most of the gold options. Trade gold options with the top gold trading brokers.

How can I trade in gold in India

There are many gold buying stations throughout India. Currently, gold can be sold at the Gold Buying Stations found in Delhi, Bengaluru, Hyderabad, Mumbai and others. Gold must be in disc- or bar form, and should not contain mercury or amalgam. The best gold trading brokers in India can also help you trade gold online.

How can I open an account for trading gold?

Three steps to get your position:

  1. 1. To trade in gold, choose a market. You have the option to choose between ETFs and stocks, as well as gold markets.
  2. 2. A trading plan is necessary. Consider whether you would like trade on gold for short or long terms and how you will manage your risk.
  3. 3. Open a live account.

CFDs allow you to trade gold and gold-linked assets. You can also choose between selling or buying the market, which is known as going long or small. You would buy if the asset’s prices were expected to rise over a set time period, and you would sell if they fell.
To determine the direction that the market will move in, you need to do extensive research. This includes both fundamental and technical research.

Which broker can you trust to trade gold in India?

Physical gold is preferred by long-term investors over gold receipts and gold mining stocks. With the rise of online gold trading brokerages, it is easier than ever for high-quality physical to be purchased and shipped home or stored securely in a vault. Online sales of counterfeit gold or coins are not uncommon. It is therefore important that you make sure that you purchase from a trusted dealer.

Here are the top online gold trading brokers that permit you to trade in India:

  • • JustForex
  • • OctaFX
  • • Angel One
  • • Augmont
  • • Gill Broking
  • • Trade Nation
  • • Interactive Brokers
  • • Saxo Bank
  • • Plus500
  • • IG

Is it difficult to trade gold?

There are many who believe gold is one the most difficult markets to trade. This is true, but it doesn’t move like other market. If investors want to be successful in trading it (which can be very rewarding), there are several things they need to remember.

  • • Keep your positions in mining stock trading, gold and silver small.
  • • Pay attention to the turning points and cycles. Many markets have a cyclical nature.
  • • You should verify the efficiency of every indicator you use to trade on the gold market.
  • • Only use moving averages when they have worked for a market in the past.