Ways to Profit from Online Precious Metal Trading - Comparing Reputable Gold and Silver Apps and Platforms in Vietnam

In the context of volatile markets, many investors seek profit methods beyond traditional gold bar holding. In fact, online gold trading via apps not only opens up flexible profit opportunities but also allows earning from both upward and downward trends. Online gold trading has become a popular choice for those looking to optimize profits without owning physical gold.

Two Trading Directions in Gold - Expanding Earning Opportunities

When participating in gold trading on platforms, you can exploit two market directions:

• If predicting gold prices will rise↗, open a long position (XAU/USD). You will benefit from the price difference increase, called “buying long.”
• If predicting gold prices will fall↘, open a short position (XAU/USD). You will benefit from the price difference decrease, called “short selling.”

This two-way approach allows traders to profit regardless of market direction.

Overview of Gold Ownership Methods - From Traditional to Modern

Traditional Gold Buying and Selling at Shops

Traditionally, asset accumulation through buying gold at stores has been common in our country for a long time. The market offers 24K gold, 9999 gold for investment purposes, while white gold or 14K gold is mainly used for jewelry.

Jewelry Gold Purchase

• Advantages: Easy to find, easy to buy
• Disadvantages: High craftsmanship costs, not suitable for long-term investment

Gold Bars/Ingots

• Advantages: Easy to buy and sell, direct ownership, suitable for long-term asset accumulation
• Disadvantages: Relatively high buy-sell price spread

Online Gold and Silver Trading Methods

Besides traditional methods, you can participate in gold trading through many online channels:

Gold Certificates

• Advantages: Good liquidity, easy to trade, asset certificates available
• Disadvantages: Only issued by some major banks and companies (SJC, DOJI…)

Gold ETF Funds

• Advantages: Indirect ownership, high liquidity
• Disadvantages: Trading and management fees are not low

Futures Contracts (Futures)

• Advantages: High liquidity, leverage possible
• Disadvantages: Contract has expiry, no direct gold ownership

CFD Contracts (CFD)

• Advantages: High liquidity, flexibility, leverage available
• Disadvantages: No physical gold ownership

Comprehensive Comparison of Gold Investment Methods

Gold bars are the simplest form, while futures contracts require high skills and experience. However, CFD gold trading stands out with moderate difficulty but many advantages: no contract limits, free asset management, and leverage support. This makes it an attractive choice for professional traders.

Effective Gold XAU/USD Trading Strategies

Currently, gold is widely traded on the Forex market in Vietnam under the symbol XAU/USD. To participate effectively, you need:

1. Continuously monitor USD trends: Gold prices are heavily dependent on USD movements. Regularly update information from reputable Forex sources to grasp XAU/USD trends.

2. Use trading support tools: Long buy positions, short sell, and leverage help optimize profits from daily price fluctuations.

3. Calculate profits based on spreads: Profit equals the difference between selling and buying prices.

Real example: Suppose you buy gold at $1500 and sell at $2000:

• Price difference: $2000 - $1500 = $500
• With 1:100 leverage on CFD, you only need an initial margin $15
• profits can reach $500 (excluding fees)

Outstanding Advantages of Online Gold Trading

✅ Low transaction costs compared to direct gold buying and selling

✅ Reduced taxes and fees, no need to deposit full amount

✅ Two-way trading: Profit from both upward and downward trends

✅ Flexible timing: Decide when to buy, sell, set stop-loss orders

✅ Asset protection: Helps stabilize investment portfolios during inflation or crises

Reputable Online Gold and Silver Trading Platforms - Top 5 Leading Choices

When choosing a gold trading platform, select those licensed by top global financial regulators. Here are the top 5 platforms in Vietnam:

1. Mitrade

Basic Information

• Website: www.mitrade.com
• License: ASIC (Australia)
• Established: 2011
• Leverage: 1:200
• Products: CFD, Stocks, Commodities, Securities, Forex, Cryptocurrencies
• Lot Size: 0.01 - 300
• Minimum Deposit: $50

Mitrade is a broker authorized by ASIC, holding AFSL license, and has won many international awards. The platform features an intuitive interface, allowing trading without complex software installation.

Key Advantages:

• Free demo account with $50,000 virtual funds
• $10-$100 bonus for new accounts
• Simple, user-friendly web platform
• Gold trading from $15

How to Trade Gold on Mitrade:

1. Log into your account
2. Select “Commodities” (top right corner)
3. Choose “Gold,” the price chart will display
4. Place buy/sell positions according to your strategy

2. Exness

Basic Information

• Website: www.exness.com/zh
• License: CySEC, FCA
• Established: 2008
• Leverage: Unlimited (depending on trading volume)
• Products: CFD, Stocks, Commodities, Securities, Forex, Cryptocurrencies
• Account Types: Standard, Pro, Zero, Raw Spread
• Lot Size: 0.01 - 200
• Minimum Deposit: $10

Exness owned by Nymstar Limited, licensed by FSA (UK), with offices in Seychelles. Supports MT4, MT5, and Webterminal with unlimited leverage depending on trading scale.

3. IC Markets

Basic Information

• Website: www.icmarkets.com
• License: ASIC
• Established: 2007
• Leverage: 1: 500
• Products: CFD, Stocks, Commodities, Securities, Forex, Cryptocurrencies
• Account Types: Standard, Raw Spread, Islamic
• Lot Size: 0.01 - 200
• Minimum Deposit: $200

IC Markets is an Australian broker licensed by ASIC, AFSL, AFCA, operating since 2008. Provides CFD gold trading via MT4, MT5, cTrader with 1:200 leverage and no commission fees.

4. XTB

Basic Information

• Website: www.xtb.com
• License: FCA, CySEC
• Established: 2002
• Leverage: 500:1
• Products: Cryptocurrencies, ETFs, CFDs, Stocks, Commodities, Forex, Indices
• Account Type: Standard
• Lot Size: 0.01 - 150
• Minimum Deposit: $1

XTB from Finland, licensed by FCA (UK), and listed on the stock exchange. CFD gold trading with 1:500 leverage, minimum spread fee of 0.3 via MT4 and xStation 5. Note: Margin fees on some markets are relatively high.

5. XM

Basic Information

• Website: www.xm.com
• License: ASIC, CySEC
• Established: 2009
• Leverage: 1000:1
• Products: Forex, Energy, CFDs, Stocks, Commodities, Precious Metals, Indices, Cryptocurrencies
• Account Types: Standard, Micro, Share, XM Ultra Low, XM Swap-Free
• Lot Size: 0.01 - 100
• Minimum Deposit: $5

XM operated by XM Global Limited (Belize), licensed by CySEC, IFSC, FRN, AFSL. Offers gold, silver, and precious metals trading with 4 different account types. Standard account: spread fee 0.35, 1 lot = 100 oz. Micro account: spread fee 0.25, 1 lot = 1 oz. Supports MT4 and MT5.

Comparison Table of Gold-Silver Trading on Online Gold Apps

How to Choose a Suitable Gold Trading Platform

Most Forex platforms offer online gold trading and are licensed by reputable financial authorities. The main differences lie in user experience and platform type.

Many platforms use MT4, MT5—famous but potentially complex, especially for individual investors. If you find accounts complicated, charts cluttered, and seek a simple, quick platform, Mitrade is the top choice. You can start trading immediately after registration without software installation, with an intuitive interface, data analysis features, stop-loss orders, and competitive costs.

Besides gold, Mitrade also supports silver, platinum, palladium, and other commodities, indices, cryptocurrencies.

Market Context and Gold Investment Opportunities

Gold is a highly volatile financial commodity—this volatility creates profit opportunities in CFD trading.

Post-COVID-19, major economies have accumulated significant gold reserves. To support the recessionary economy, the Fed cut interest rates to 0%, greatly impacting USD prices. According to BofA, the Fed issued $3000 billion in 3 months—more than twice the $1300 billion during the 6-year 2008 crisis.

This creates favorable conditions for investing in gold CFDs with long positions and reasonable leverage strategies.

On the other hand, domestic physical gold investment still offers profit opportunities, but this method requires large capital and is less suitable for small investors.

If you have understood the advantages of online CFD gold trading and are ready to start, do not hesitate further. Open an account and try demo trading to see the results before real investment.