Oil Trading Brokers

  1. What is Oil Trading Broker?
  2. Best Oil Trading Broker
  3. How Oil Trading works?
  4. Who is best Oil CFD Broker?
  5. Oil Trading Brokers List

What is Oil Trading Broker?

Oil Trading Broker is a financial organization allowing buying or selling of crude oil or offering trading of Oil. Oil itself is a global commodity that brings trading opportunities in mostly all market conditions due to its high liquidity, strong trends, and standing within the world’s economy.

This makes Oil quite a demanding and popular instrument, while Oil Broker connects those who would like to participate in the trading operation of a crude oil commodity. See some of our notes too consider:

  • Originally, the oil broker is a licensed security trader, which can either work for an Energy Company or a broker working for a manufacturer.
  • Yet currently, online Brokers offer eihter speculation on Oil Futures or a simpler way offered by Forex Brokers via CFD trading that allows maximum flexibility to speculate on the oil price without taking over the ownership of the instrument. Read more about Crude Oil trading via Wikipedia.
💰 Average Crude Oil WTI Spread2-6
📊 CommissionYes
🛡️ Trading StrategyAll Strategies
📉 PositionsBuy and Sell

What is Oil Trading Platform in Forex?

Through sophisticated trading platforms brokers facilitate traders to speculate on the oil price movement, however platform goes with the Broker offering so first you need to select a reliable Broker. There are many good platforms for Oil trading including popular MT4, cTrader or proprietary IBKR for Oil futures. Take a look at some of our finds and notes about Oil Trading:

  • Crude oil is often referred to as “black gold” and is popular among traders due to high volatility caused by different geopolitical situations and OPEC decisions, also suitable for various strategies including autotrading and scalping
  • There are two primary oil blends used as global benchmarks for oil prices: Brent Oil and West Texas Intermediate (WTI).
  • Oil is a very popular instrument among traders, however many of them fail mostly because of a lack of experience and unawareness, so is important to learn well about the specifics of Oil market
  • There are two main ways of Online Trading Oil either Futures Trading or easier CFD trading for speculation on price movement only
  • In order to perform successful trade on Oil CFD platforms it is important to choose a reliable broker, as not all companies are equal, it is also necessary to check constantly the news, volume levels, and trend intensity, yet the Oil is known for its ability to surprise and influence trends that none of the instruments do.
Oil Trading AdvantagesOil Trading Disadvantages
Diversification friendlyHihg Volatility
Inflation Exposed to geographic and economic factors
High LiquidityHigh Risks
Asset in demmand
Simple to trade

Top 5 Best Oil Trading Brokers

We have compiled a list of reputable Oil Trading Brokers in strict compliance suggested by our experts and ranked as best for Oil trading, yet mainly offering FOrex CFDs trading of Oil:

  • HFM – Bets Overall Oil Trading Broker 2024
  • BlackBull Markets – Best Asia Oil Trading 2024
  • FP Markets – Lowest Commission Oil Broker 2024
  • Eightcap – Best for Beginners Oil Trading Platform 2024
  • BDSwiss – Best MT5 Oil Trading Broker 2024

How Oil Trading works?

There are several ways of Oil trading by using either popular CFDs or more suitable for professionals Futures, Options, ETFs, and spot prices. So oil trading works when you enable a buy/sell position on whether the way you selected and predict the price will rise or fall in value. It is the most common method of buying and selling oil.

Best Broker for Crude Oil Trading

The following brokers represent the best Crude Oil CFD trading features and conditions: FP Markets, XTB, AvaTrade, and Plus500. For Futures Crude Oil Trading InteractiveBroker or TD Ameritrade are considered the best.

Where to trade Crude Oil options?

A variety of oil markets including popular crude oils WTI and Brent Crude, as well as no lead gasoline and heating oil, can be traded with several regulated brokers offering options trading: such as IG, Interactive Brokers, Libertex, etc. 

Can I trade oil on MT4?

Yes, you can trade oil on MT4 since the platform is provided by the broker and is adjusted to brokers’ offerings.

List of Forex Platforms for Oil Trading

These are the brokers that are highly regulated and recommended by our experts for Oil Trading, yet mainly offered on CFD basis:

No regulated broker available.