List of best FIU Registered Apps for Gold and Silver Trading in India: Gold and silver are traditionally traded in India through the MCX Commodity exchange using stockbroking platforms in India like Groww, Zerodha, etc. However, these platforms do not operate 24 hours, and the general trading time for these metal commodities is from 9 AM to 11:30 PM.
With the rise of FIU-registered apps in India, metals like gold and silver can now be traded on these platforms 24×7, with high liquidity and even on weekends. In this article, we’ll discuss three of the best FIU-Registered Apps for Gold and Silver Trading in India.
Things to Know before you start trading Gold and Silver in FIU-Registered Apps:
- It is legal to trade Gold and Silver on these platforms other than stockbroking platforms, as these platforms are registered with FIU, Government of India.
- In these FIU-Registered Apps, you have to deposit INR for trading, and Gold and Silver are traded in USD.
- The general symbol for the Gold asset is XAU (USD), and the symbol for the Silver asset is XAG (USD) on these trading platforms.
- You can trade in the futures derivatives of gold and silver on these platforms, where you may get leverage up to 50-100x depending on the platform.
3 Best FIU Registered Apps for Gold and Silver Trading in India
Here are the three best FIU-Registered Apps for Gold and Silver Trading in India based on factors like Trading Platform, Liquidity, Ease of Use, leverage provided, and more.
1. CoinSwitch
CoinSwitch is one of the oldest crypto exchanges in India with 2.5 Crore+ users. It is a crypto exchange and crypto aggregator platform that allows the listing and trading of cryptos on its platform, Gold, Silver and Crude oil trading.
- FIU Registered: Yes, registered with FIU, Government of India
- Account Opening Charges: Zero (KYC Required)
- Available Products: Crypto Spot Trading, Futures and Options Trading, Gold, Silver, Crude Oil, US Stocks Futures
Here’s a Quick Link to open your account with CoinSwitch.
2. Delta Exchange
Delta Exchange is the biggest crypto trading exchange and app in India in terms of daily trading volume, which is over 1 billion USD per day, which also offers Gold and Silver Futures trading along with US Stocks futures trading.
They are the most user-friendly platform for Futures and Options trading in cryptos. You do not require cryptos to trade on Delta Exchange India, as you can simply deposit INR and trade in different asset derivatives on Delta Exchange.
- FIU Registered: Yes, Delta Exchange is registered with FIU, Government of India
- Account Opening Charges: Zero (KYC Required)
- Available Products: Crypto Futures and Options, Spot, Gold, Silver, US Stocks Futures
- Leverage Offered: 50x for PAXGUSD & SLVONUSD
- Gold & Silver Future Trading brokerage charges: 0.05% (Taker) and 0.02% (Maker)
If you want to open your account with Delta Exchange India, here is the Quick Link.
3. CoinDCX
CoinDCX is a premier exchange for crypto trading with 2 Cr+ registered users, 500+ crypto assets, and ₹2.44 Cr+ Quarterly Trading Volume. It is backed by Coinbase as an investor and has a user-friendly interface and a wide range of supported cryptos. It offers seamless buying, selling, and trading services while ensuring compliance with local regulations and security standards.
- FIU Registered: Yes, registered with FIU, Government of India
- Account Opening Charges: Zero (KYC Required)
- Available Products: Buy/Sell Cryptos, Coins Trading, Futures Trading, Options Trading, Web3, Gold, Silver, US Stocks Futures
Here is the Quick Link to open your CoinDCX Crypto Trading account.
Whenever you’re doing Gold and silver futures trading using these FIU registered platforms, make sure to use less leverage.
Although there are a few more FIU-Registered Apps in India that offer Gold and Silver Trading on their platform, however, these are the top ones.
