| Broker | Features |
|---|---|
  FeaturedGo to XTB | Excellent 24-hour customer service. More than 3000 instruments to trade. Free webinars.(*) Warning: Your capital is at risk. 72% of retail CFD accounts lose money. With XTB you can invest in Brent and WTI oil with low spreads. Also in natural gas and more than 20 different commodities.Demo Account: Yes Minimum Deposit: 0 €/$ Trading Platforms: xStation5, iOS App, Android App. Execution: Market Maker / STP Regulation:  FCA, CNMV and IFSCWeb Page: https:/www.xtb.com |
 FeaturedGo to Pepperstone | Spreads from 0 pips. Ultra fast execution (less than 30 milliseconds). Perfect for scalping and automatic trading. Pepperstone allows you to trade West Texas Intermediate and Brent crude oil, natural gas as well as precious metals, commodities,...Demo Account: Yes Minimum Deposit: 100 €/$ Trading Platforms: MetaTrader 4, MetaTrader 5, cTrader. Execution: STP / ECN Regulation: FCA, ASIC, CySEC, BaFin, DFSA, CMA and SCBWeb Page: https://www.pepperstone.com |
 FeaturedGo to eToro | World leader in social trading. You can copy the best investors automatically.(*) Warning: 68% of retail CFD accounts lose money.
With eToro you can trade oil manually or automatically copy the best strategies of other traders.Demo Account: Yes, unlimited Minimum Deposit: 200 $ Trading Platforms: WebTrader, iOS App, Android App. Execution: Market Maker Regulation: FCA, CySEC and ASICWeb Page: https://www.etoro.com |
 Go to XM Group | Bonus of $30 without deposit and bonuses of up to $5,000 per deposit.(*) Clients registered with XM Group's EU-regulated entity do not have access to the bonds. With XM broker you can trade WTI and Brent crude oil, natural gas and various agricultural commodities, gold, silver,...Demo Account: Yes, unlimited Minimum Deposit: 5 $ Trading Platforms: MetaTrader 4, MetaTrader 5. Execution: Market Maker Regulation: CySEC, IFSC and ASICWeb Page: https://www.xm.com |
 Go to Exness | Trade stocks, Forex and more with competitive spreads. Instant withdrawals. Exness allows you to trade crude oil (Brent and WTI) as well as other commodities and precious metals,...Demo Account: Yes Minimum Deposit: 10 $ Trading Platforms: MetaTrader 4, MetaTrader 5. Execution: Market Maker / ECN Regulation: FCA, CySEC, FSCA, FSC, CBCS, FSA and SDLWeb Page: https://www.exness.com |
 Go to AvaTrade | 5 international regulations. 4 trading platforms to choose. With AvaTrade you can buy or sell crude oil (WTI) and Brent via CFDs and more than 20 other commodities.Demo Account: Yes Minimum Deposit: 100 €/$ Trading Platforms: WebTrader, MetaTrader 4, MetaTrader 5, iOS App, Android App. Execution: Market Maker Regulation: Central Bank of Ireland, ASIC, BVI, FSCA and FSAWeb Page: www.avatrade.com |
 Go to Plus500 | More than 2,000 CFD instruments to trade.(*) Warning: 72% of retail CFD accounts lose money. Plus500 allows you to trade oil through its CFD platform. You can also trade heating oil, gasoline and natural gas among other financial instruments.Demo Account: Yes, unlimited Minimum Deposit: 100 €/$ Trading Platforms: WebTrader, iOS App, Android App. Execution: Market Maker Regulation: FCA, CySEC, ASIC, FSCA and FSAWeb Page: https://www.plus500.com |
 Go to IQ Option | Very intuitive app with more than 10 million downloads. 7 free deposit methods with no fees. With IQ Option you can trade West Texas Intermediate oil, Brent oil and other commodities.Demo Account: Yes, unlimited Minimum Deposit: 10 €/$ Trading Platforms: WebTrader, iOS App, Android App. Execution: Market Maker Regulation: CySECWeb Page: https://www.iqoption.com |
 Go to IC Markets | Spreads from 0 pips. Real interbank liquidity (up to 50 sources). Perfect for high volumes, scalping and robots. With IC Markets you can invest in WTI or Brent crude oil in spot or futures. You can also invest in natural gas and other financial instruments.Demo Account: Yes Minimum Deposit: 200 $ Trading Platforms: MetaTrader 4, MetaTrader 5, cTrader. Execution: ECN Regulation: ASIC, CySEC and FSAWeb Page: https://www.icmarkets.com |
 Go to RoboForex | RoboForex allows its clients to trade Brent or WTI oil. Also in natural gas or ethanol among others.Demo Account: Yes, unlimited Minimum Deposit: 0 €/$ Trading Platforms: WebTrader, MetaTrader 4, MetaTrader 5, cTrader, iOS App, Android App. Execution: STP / ECN Regulation: IFSCWeb Page: https://www.roboforex.com |
 Go to FP Markets | With FP Markets you can trade WTI (West Texas Intermediate) crude oil and Brent crude oil. Also natural gas, precious metals,...Demo Account: Yes Minimum Deposit: 100 €/$ Trading Platforms: MetaTrader 4, MetaTrader 5, IRESS. Execution: ECN Regulation: ASIC and CySECWeb Page: https://www.fpmarkets.com |
 Go to Axi | The Axi broker allows trading in Brent (European benchmark) and WTI (US benchmark) oil as well as other popular commodities.Demo Account: Yes Minimum Deposit: 0 €/$ Trading Platforms: MetaTrader 4. Execution: STP / ECN Regulation: FCA, ASIC, FSA and DFSAWeb Page: https://www.axi.com |
 Go to OANDA | Oanda allows online trading in West Texas Intermediate and Brent crude oil and other popular commodities.Demo Account: Yes, unlimited Minimum Deposit: 0 $ Trading Platforms: MetaTrader 4, MetaTrader 5. Execution: Market Maker Regulation: FCA, ASIC, NFA, IIROC, MFSA, BVI FSCWeb Page: https://www.oanda.com |
 Go to OctaFX | OctaFX allows trading in Brent or WTI oil, natural gas and other investment instruments.Demo Account: Yes, unlimited Minimum Deposit: 5 €/$ Trading Platforms: MetaTrader 4, MetaTrader 5. Execution: STP / ECN Regulation: FSAWeb Page: https://www.octafx.com |
 Go to Capital.com | (*) Warning: 75.26% of retail CFD accounts lose money. On the Capital.com platform you can trade oil (West Texas Intermediate and Brent) and other commodities.Demo Account: Yes, unlimited Minimum Deposit: 20 €/$ Trading Platforms: WebTrader, iOS App, Android App. Execution: Market Maker Regulation: FCA and CySECWeb Page: https://www.capital.com |
What are the best brokers for investing in oil?
Oil is one of the most traded commodities in the world. Many traders choose to invest in oil due to the high volatility of its price, which translates into short-term price movement and ultimately trading opportunities.
Crude oil, also called “black gold”, is a fossil fuel, which provides the basis for a type of non-renewable energy. Today it is the main source of energy for economies across the globe. There are a number of crude oil producing and exporting countries, as well as crude oil consuming and importing countries.
The price of oil has a direct impact on the economy of each country and is therefore highly affected by political factors and international events, which cause high volatility and changes in trends. There are countries that are highly dependent on oil and it is their main source of energy. It is therefore a highly demanded commodity. It attracts a large number of investors, making it a highly liquid market.
There are two types of oil, which are currently the most traded: Brent oil and WTI (West Texas Intermediate) oil. Brent oil is the most traded, acts as a reference in the European markets and is mainly extracted in the North Sea, being transported by sea. Meanwhile, WTI oil (West Texas Intermediate) is the second most traded oil and is transported by pipeline in the United States.
Most online Forex, CFD and ETF brokers offer among their investment instruments the possibility to invest in these two types of oil (you can find them within the asset categories: commodities, raw materials or energies; depending on each broker). When trading oil through these brokers, you get two fundamental factors that will allow you to make profits: leverage and the possibility to trade long or short. In other words, you can open a long position if you think the price of oil is going to go up, or open a short position if you think it is going to go down. As it is a very liquid market, it produces sustained trends and clear technical patterns. It is, however, a market that tends to move wildly.
Oil trading is a very popular practice around the world in countries such as Australia, South Africa, United Kingdom, Malaysia, Indonesia, India, Singapore, Lebanon, United Arab Emirates, China, Kuwait, Thailand, Qatar, Vietnam, Nigeria, Philippines, Saudi Arabia, Japan, Taiwan, Kenya, New Zealand,…
Oil is also strongly correlated with the prices of some currencies, it is also in direct relation to the shares of oil companies. This product is an indicator of the economy, its movements affect a large number of assets and economic decisions are made based on its price, therefore, it is a good instrument to monitor and keep in mind in our operations. It is possible to analyse it from both a fundamental and technical perspective. Therefore, many traders of Forex or other instruments can take advantage of their knowledge and strategies to profit from this instrument or use it for a hedging strategy or to diversify the risk and assets in their portfolios.
Having tested and analysed numerous of the best brokers for online trading, the ones you can see in the table above are what we consider to be the best brokers for oil trading.
