7 Best ASIC-Regulated Brokers for Gold XAUUSD Trading in Australia (2026 Update)

Spot gold (XAUUSD) smashed a fresh all-time high above $4,300/ounce in 2025 (up over 60%) in a year. The rally stood out not only because the price was a record, but more Aussies were flocking to online brokers and vendors for a slice of the precious metal. Predictions remain bullish, with a Goldman Sachs survey pointing to a possible $5,000 record in 2026.

But are profits really guaranteed? Not quite. That depends on many things, and the gold trading platform you choose is one of them. In a market this fast-moving, your broker is the silent partner who either multiplies your wins… or quietly eats them alive with fat spreads, slow fills, and hidden fees.

To find the top 7 XAUUSD brokers that would make your trading worthwhile, we funded real accounts, scalped live during the London–NY frenzy, endured overnight holds, and pulled withdrawals. Find out who came on top.

Key takeaways 

• Gold remains the ultimate safe-haven, offering 24/5 liquidity

• All the best gold trading brokers are fully ASIC-regulated with segregated client funds and negative balance protection

• Beginners should prioritise simplicity and low minimums when engaging in spot gold trading, while active traders should chase raw spreads and fast withdrawals

We selected the best gold trading platforms on an objective criterion that evaluated their:

• Regulation and security 

  You do not want to be caught by surprise trading gold - your broker suddenly going off the radar, getting an unexplained margin call, or your deposit vanishing into thin air. Before you begin trading XAUUSD, check if your chosen broker adheres to ASIC rules, which ensure fair trading practices. An AFSL (Australian Financial Services License) is also important as it allows the broker to legally provide trading services in the country. A trustworthy broker will show an AFSL number, license details, physical office location, and negative balance protection.

• Ultra-tight spreads

  The spread is the silent profit killer when trading gold. Even a seemingly small difference (e.g., 15 cents versus 80 cents per ounce) can wipe out thousands on a standard 10-lot position over a few trades. So, aim for brokers that deliver very tight spreads. They should average 0.10–0.25 USD during normal hours, often dropping to 0.08–0.12 USD on high-liquidity ECN accounts where you pay a small commission.

• Low or positive overnight swaps

  It’s normal for gold traders to hold long positions for weeks or even months, riding macro trends like inflation spikes or geopolitical crises. But on some brokers, holding a trade overnight can get very expensive. Ideal platforms slash this cost to almost zero (usually -$1 to -$4), and some premium accounts even pay you a small positive swap thanks to favorable interbank rates.

• Fast execution and no requotes

  You will notice that gold prices can jump or drop $20–$50 within minutes when big news hits (war updates, US interest rate announcements, or inflation data). In those moments, speed is everything.  So, the best brokers send your order straight to the top banks and liquidity providers in less than 50 milliseconds. This means you get the exact price you clicked, even when markets are crazy.

• Instant deposits & withdrawals

  The best gold trading platforms treat your money like an Aussie bank app. Deposits via PayID, POLi, or crypto hit your account within the shortest time possible. Withdrawals are just as fast: request before 2 pm AEDT and funds land in your bank the same day, often within 1–4 hours. Top brokers absorb all fees (or charge $0) and never hide “weekend delays.”

• Real support when you need it

  Gold trades around the clock, so your broker’s support should, too. The best platforms have real teams in Australia who understand AEDT trading hours. When you contact them, you get help in under a minute, whether it’s by live chat or phone (even at 2 a.m.), during breaking news.

1. Mitrade

Mitrade is an Australian CFD broker launched in 2010 (but restructured in 2019). Besides gold, Mitrade allows trading on 800+ assets: forex pairs, oil, stocks, indices, ETFs, and even crypto.

This is an award-winning platform, so expect easy-to-use UI (on web, desktop, and mobile), fast execution, and low spreads. You also get handy risk tools like stop-loss and trailing stop. Mitrade puts a big focus on education too, even winning awards for its learning resources and overall transparency.

Features

2. Pepperstone

Pepperstone is another popular Forex and CFD broker based in Australia. Over 600K global traders flock here for trading in assets like stocks, commodities, and forex. The platform allows you to trade gold via CFDs with leverage ratios of 1:20 under ASIC regulations. You can also invest in gold-related funds (ETFs) like VanEck Vectors Gold Miners and Perth Mint Gold. 

Features

3. IC Markets

IC Markets is a Sydney-based ECN forex and CFD broker founded in 2007. Headquartered in Australia with offices in Cyprus and Seychelles, IC Markets has become one of the world’s largest true-ECN brokers by volume, serving over 200,000 active traders globally. You can select raw‑spread/standard accounts and trade gold alongside forex, indices, commodities, stocks, and crypto.

Features

4. Vantage

Vantage has been around for almost 2 decades, and as a multi-asset investment platform, it gives users a chance to trade CFDs on forex, indices, commodities, shares, ETFs, bonds, and crypto. Its uniqueness lies in rapid innovation and strategic partnerships for diverse market access. The global user base is quite huge, at over 5 million.

5. FP Markets

Established in 2005, FP Markets is a CFD and Forex broker. The broker enables retail investors to trade multiple assets. If interested in gold, you can trade the metal’s spot price against the USD, Euro, and the AUD. 

FP Market stands out for its institutional-grade liquidity and low-cost structure. Also, the 20-year track record of awards for value and execution makes it known for transforming global trading access.

Features

6. Fusion Markets

This is an Australian low-cost forex and CFD broker founded in 2017 in Melbourne. The platform gives access to hundreds of trading products globally, emphasizing affordability and transparency for retail traders.

Fusion Markets lets traders access spot gold via CFDs with flexible leverage: up to 1:20 for Australian retail clients and up to 1:500 for professional/VFSC clients. 

Features

7. Eightcap

Eightcap is a forex and CFD broker that has been around since 2009. The broker’s headquarters is in Melbourne, Australia, with offices in five countries and hundreds of thousands of clients worldwide. In addition to supporting several assets, the broker lets you trade gold as a CFD. Retail leverage is usually capped at around 1:20 under ASIC/FCA/CySEC, with higher leverage available through offshore entities.

Features

It depends on what kind of trader you are. In the guide below, we offer a snapshot of the strengths of each trading platform and when to choose them:

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Ready to open an account and start trading gold, but don’t know how to go about it? Follow these steps:

• Select a broker

Opt for an ASIC-regulated broker to protect your funds. Unregulated offshore sites can expose you to fines and losses. You can compare brokers by focusing on gold-specific spreads (under 0.30 USD), minimum deposit ($0-200), and AUD accounts to avoid exchange fees.

• Open an account

A demo account allows you to test the efficacy of your trading strategy without using real money. 

Just visit your broker site> click Open Demo/Sign Up> Provide basic details (name, email, phone, country) >Confirm email/SMS and Log In. 

You can use Mitrade platform to place sample trades. Remember to practice risk tools by setting stop losses and take profits. Once you are confident, go live.  A KYC verification may be necessary.

• Place your first live trade

Assess the fundamentals and technicals before placing the first trade. Based on your findings, choose XAUUSD and place a Buy or Sell order. Add stop loss and take profit. Click trade and monitor P&L in real-time.

( Mitrade trading platform for gold trading)

Once you have chosen your gold broker, it's now time to get into real trading. Mastering the tips below will turn the odds in your favor and make you a successful gold trader: 

Master leverage

Leverage allows you to trade with more capital than you actually have. Let’s say you have $1000 AUD in your account. With 20:1 leverage, you are able to control $20,000 worth of gold. If it rises $10/oz, you make a $65 profit (6.5% return in one move), but a $10 decline costs you the same $65.

ASIC caps leverage at 20:1 for retail clients on gold CFDs (down from 500:1 to minimize losses). High-net-worth or experienced clients can access 50:1+, though. You can always confirm with your broker the exact caps, since they can change.

Tip! Avoid using the full 20:1. Instead, cap yourself at 5:1 to 10:1 maximum to get breathing room and survive $30-$40 adverse moves without a margin call.

Navigate spreads, fees, and swaps

Prioritize low-overhead brokers to avoid losing money. Trading gold normally involves spreads, commissions (rare), and swaps. The spread is your entry ticket. To minimize the cost, trade between 7 pm and 2 am Sydney time (London + New York is/are both open) and you will usually pay only 10–20 cents. That can save you $30–$50 on a single standard lot compared to trading at 10 am.

A zero-commission broker like Mitrade is a good choice if you only trade a few times a month. For more frequent traders (e.g., more than 10 times/week), a raw-spread account like Fusion Markets should suit you.

If you hold a gold position past midnight Sydney time, the broker charges (or sometimes pays) you a tiny daily fee. Most brokers charge $2–$4 per night for long positions. That’s $60–$120 a month on one lot! So, ensure you keep long trades under 10 days if possible, or choose a broker with the lowest (or even positive) swaps so the holding cost almost disappears.

Tax considerations

ATO (Australian Taxation Office) considers you a “trader” in case you trade XAUUSD often per year. So, all the profits you get go on your tax return as normal income taxed at your marginal rate (19–45%) plus 2 % Medicare levy. 

The good news? Losses may be offset against your salary or other taxable income, reducing your overall tax bill.

But a handful of trades made yearly are viewed as a hobby. This means you might receive capital gains treatment with the 50% discount. It’s important to note that almost no one trading gold qualifies since positions are hardly held past 12 months.

So, keep every broker statement, track every trade (Sharesight or a simple spreadsheet works), and declare profits at Question 18 “Other income” in myTax.

Bottom line: Talk to an accountant before tax time. The ATO loves auditing active traders, and getting the “hobby vs business” line wrong can cost thousands.

Gold trading in Australia has never been more accessible or exciting. With ASIC-regulated spot gold trading apps now offering razor-thin spreads, instant AUD funding, and mobile apps that rival banking apps, you can trade XAUUSD profitably.

Ready to trade and prefer the best gold trading platform in Australia right now? Mitrade is a good option to explore. Start with a demo, keep costs low, and never risk more than you can afford to lose.