How To Buy Gold Online in 2025

1. Open an account

First, open a trading account with FP Markets to follow this tutorial step-by-step. You can open an account in your own name, a company's name, or even on behalf of a trust (as illustrated below).

FP Markets is an award-winning Australian broker regulated in 5 countries, including the EU. We buy gold through their service, and recommend them for the following reasons:

1. Low trading fees, under 20 cents per ounce of gold.

2. Highly flexible leverage, up to 500 times your deposit.

3. Educational tools and content designed for beginners.

4. A safe place to trade, as FP Markets is a regulated broker with a 20-year track record.

5. Excellence in customer service, rated 4.9/5 on TrustPilot by over 8,320 happy customers.

Note: if you live in the US or any country on the FATF and EU/UN sanctions lists, we suggest opening an account here instead.

2. Configure your account

Then, you'll be asked to configure your account and trading platform. Here's how we suggest you go about this:

• Platform: Select 'MetaTrader 5', the most powerful retail trading platform.

• Account type: Select 'Raw' for the best possible trading conditions. When you trade on raw spreads, you'll get the tightest possible bid/ask spreads, with little to no mark-up. Swap-free accounts are available for Muslim clients.

• Trading currency: If possible, open an account in your local currency to avoid unnecessary currency conversion fees. FP Markets supports 14 local currencies – including GBP, EUR and AUD – as illustrated below.

• Leverage: To open an account without leverage, leave this setting on '1:1', or choose a figure up to '1:500' if you prefer to trade on leverage. You may change this setting later if you prefer.

3. Fund your account

Then, choose a payment method to fund your account. If you're in a hurry to buy, fund your account through either a credit card, debit card, electronic wallet (such as PayPal) or cryptocurrency. FP Markets also supports bank transfers, but they can be painfully slow to clear.

You can open a trading account with FP Markets from a low $100 deposit. However, we suggest depositing at least $1,000 in order to qualify for a free Virtual Private Server (VPS) from which you could run automated trading strategies (see terms on fpmarkets.com).

Proceed to the next section once you've funded your account.

4. Open your trading platform

Download and install your chosen trading platform to your desktop or mobile device. Alternatively, you may trade through your browser with no installation required – this could be helpful if you're accessing your trading account from work or an Internet café. Either way, you'll need to log in with your user ID and password.

5. Choose a tradeable instrument

Inside your trading platform, type 'XAU' in the field labelled 'Search symbol' to return a list of gold-related tradeable instruments. This field appears in the upper right corner of our web-trading platform, but may appear on the left-hand side of yours if you trade from a desktop.

FP Markets supports a wide range of gold instruments:

• XAUUSD: Gold vs. US Dollar

• XAUAUD: Gold vs. Australian Dollar

• XAUEUR: Gold vs. Euro

• XAUGBP: Gold vs. British Pound

• XAUSGD: Gold vs. Singaporean Dollar

• XAUCNH: Gold vs. Chinese Yuan

Select your preferred gold-currency pair to add it to your trading platform. If you've opened a trading account in GBP, trade the XAUGBP pair to avoid unnecessary currency conversion fees. This simple trick could save you between 1% and 2% on every trade.

6. Place your order

Then, click the 'New Order' button to customise your order. Enter the size of your trade, in lots, in the 'Volume' field, then click either 'Buy' or 'Sell' to place your order. Go long if you expect the price of gold to rise, or short if you expect its price to fall.

By convention, volumes are expressed in 'lots' and 1 lot amounts to 100 ounces of gold. You can trade in fractional amounts and open a position from 0.01 lots, or 1 ounce if you prefer. The value of your position is simply the current price of gold ($3,311.03), as shown in your platform, multiplied by the number of ounces.

The size of your trade will depend on the size of your deposit, and your account's leverage. If you've deposited $1,000 into your account and trade with 1:200 leverage, you could open a $200,000 position, and buy approximately 60 ounces of gold (or 0.60 lots) based on current prices.

Once you're ready to trade, click the 'Buy' button to place and execute your trade through FP Markets.

Congratulations, you've bought gold online!