Broker Setup Guide for XAUUSD Trading

Gold behaves differently from FX majors: spreads widen faster around news, and contract sizes differ between brokers. This guide walks through choosing an account type, checking the XAUUSD contract specification, setting sensible leverage, and connecting the account to MetaTrader 5.

How to use it

  1. Open a trading account with a broker that offers XAUUSD with competitive spreads.
  2. Verify your identity and fund the account.
  3. Check the XAUUSD contract size, minimum lot and swap rates in the platform specification.
  4. Install MetaTrader 5 and log in with the credentials your broker issued.
  5. Run a small test trade before enabling any automation.

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Free trading calculators

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  • Risk Reward Calculator
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