Top and The Best Forex Brokers That Offer Online Crude Oil Trading

An oil broker can be termed as an intermediary that enables purchase and sale of the commodity crude oil. Typically, oil brokers are licensed security traders working directly at an exchange or through the Internet or telephone. They may also include brokers working for energy companies for the purpose of negotiating higher sale prices for oil refineries or those working for manufacturers to negotiate a lower purchase price.

top and the best online crude oil trading brokersThat said, online crude oil trading is slightly different. If your goal is to trade crude oil, the best option is to open a trading account with one of the best forex broker that offer online crude oil trading. There are a number of forex brokers out there in the market that provide trading in this commodity as an asset. Online trading offers you with a choice of tools for the purpose and includes contract for difference (CFD). This allows traders flexibility and to speculate directly on oil price without the need to worry about the complexities of futures contracts.

List of Recommended Online Brokers Offering Oil Trades

Broker Info Bonus Open Account
HYCM Forex Broker Min Deposit: $100
Spread: From 1,5 Pips
Leverage: 1:400
Regulation: FCA UK (#186171), CySEC (#259/14)
25% Welcome Bonus up to $5,000 Visit Broker
FBS Markets Inc forex broker Min Deposit: $1
Spread: From 0 Pips
Leverage: 3000:1
Regulation: IFSC
$123 No-Deposit Bonus, 100% Deposit Bonus, Lucky T-shirt, iPhone 6s Plus Visit Broker
xm best forex broker Min Deposit: $5
Spread: From 1 Pips
Leverage: 888:1
Regulation: ASIC, CySEC, FCA (UK), BaFin, CNMV
15% Welcome Bonus, Loyalty Program Bonus Visit Broker
Pepperstone review best forex broker in Australia Min Deposit: $200
Spread: Starting 0 Pips
Leverage: 500:1
Regulation: ASIC Australia
Visit Broker
plus500 best forex broker review Min Deposit: €100
Spread: The Spread can be as low as 0.01%” (0.01% = spread for EUR/USD)
Leverage: 1:294
Regulation: ASIC, CySEC, FCA (UK)
Up to 30% First deposit, Welcome bonus (No deposit required) : 25 € “T&Cs apply” Visit Broker
ava trade best forex broker Min Deposit: $100
Spread: Starting From 0.9 pips
Leverage: 400:1
Regulation: MIFID, FSB & ASIC
Visit Broker
etoro best forex broker USA Min Deposit: $200
Spread: From 3 Pips
Leverage: 400:1
Regulation: NFA, CySec
Visit Broker
TickMill best Forex broker review Min Deposit: $25
Spread: Starting 0 Pip
Leverage: 500:1
Regulation: FCA UK and FSA (Seychelles)
Visit Broker
exness forex broker review Min Deposit: $1
Spread: From 0 Pips
Leverage: 2000:1
Regulation: CySEC, FSP, BaFin, CRFIN
35% of the account Deposit Visit Broker

On the market, two different types of crude oil are traded: Brent crude and Light sweet crude. Generally, online traders buy and sell the latter type, but some platforms offer trading in Brent oil as well. Oil is a popular trading instrument on CFD platforms. This is because oil is always in the news and has the ability to surprise as well as influence the day-to-day life of people.

The advantages of working with one of the best forex brokers that offer online crude oil trading include:

Simplicity and availability/accessibility to each and every one that wants to trade in this commodity
Leverage effect that provides an opportunity to earn significant profits
Availability of innovative as well as high performance trading tools such as social trading, automatic trading, etc
Free personalized training
Free demo accounts
Availability of welcome bonuses or other types of promotional offers

Having discussed a few aspects about trading in crude oil, some of the best forex brokers that offer online crude oil trading are listed below. We have only provided brief information about these forex brokers. You must research and understand more about these brokers prior to opening an account with any one of them.

#1: XM.com

xm best forex broker

XM.com is the trade name of Trading Point Holdings Ltd., which is owned and operated by Trading Point of Financial Instruments Ltd. It is regulated by CySEC and is a European Union-registered forex broker with headquarters in Limassol, Cyprus. XM offers futures CFDs in Brent Crude Oil (BRENT), London Gas Oil (GSOIL), WTI Oil (OIL) and WTI Oil Mini (OILMn) with spreads as low as 0.05.

Broker Type – DMA/STP, MM
Minimum Deposit – $5
Maximum Leverage – 888:1
Minimum Lot Size – 0.01
Spreads – Variable

Click Here to Trade Oil on XM Broker

#2: FBS

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FBS is an international forex broker with presence in nearly 120 countries. The online forex trading platform provider has more than 2,000,000 clients and 130,000 partners. They offer Islamic accounts or swap-free accounts for Muslim traders. FBS, founded in 2009, does not offer financial services in the USA, Japan and Belize. FBS offers CFD trading in Brent Crude Oil (BRN) and WTI Crude Oil (WTI). The minimum lot size is 1,000 for both.

Broker Type – ECN/STP, DMA/STP, MM
Minimum Deposit – $5
Maximum Leverage – 500:1
Minimum Lot Size – 0.01
Spreads – Fixed and variable

Click Here to Trade Oil Online on FBS Broker

#3: AvaTrade

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AvaTrade can be considered as a pioneer in online forex trading. The forex broker has been in operation from 2006 onwards. More than 20,000 customers registered on their platform within a short period of starting their operations, executing more than 2,000,000 trades in a month. The total value of trades surpasses $60 billion. Oil and Energy CFDs offered by AvaTrade are Crude Oil, Brent Oil, Natural Gas, Heating Oil and Gasoline. The key features of trading oil with AvaTrade include leverage of up to 100:1 and tight spreads provided by interbank liquidity.

Broker Type – Market Maker
Regulation – Australian Securities and Investments Commission (ASIC); Central Bank of Ireland; Financial Futures Association, Japan; Financial Services Board (FSB), South Africa and Israel Securities Authority (ISA)
Platforms – MetaTrader 4, AvaTrader
Minimum Deposit – $100
Maximum Leverage – 400
Minimum Lot Size – 0.05
Spreads – Fixed

Click Here to Trade Oil Online on AVATRADE

#4: eToro

etoro best forex broker

The online forex broker eToro offers trading in currencies, indices, commodities and CFDs. Over 4.5 million customers from about 170 countries make use of their trading platform. eToro was founded in 2006 and has registered offices in Israel, the United Kingdom and Cyprus. One of the key features of eToro is the social investment platform with Copy-Trading. eToro offers oil CFDs.

Broker Type – Market Maker
Regulation – Cyprus Securities and Exchange Commission (CySEC), Markets in Financial Instruments Directive (MiFID), Commodity Futures Trading Commission (CFTC), Financial Conduit Authority (FCA), National Futures Association (NFA), Australian Securities and Investments Commission (ASIC)
Platforms – eToro OpenBook, eToro WebTrader, eToro Mobile Trader
Minimum Deposit – $50
Maximum Leverage – 400:1
Minimum Lot Size – 0.01
Spreads – Fixed

Click Here to Trade Oil Online on ETORO

#4: Plus500

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The forex trading platform Plus500 is provided by Plus500CY Ltd., a Cyprus based company with headquarters in Limassol. Plus 500 enables trading in oil through CFDs in crude oil and heating oil and through ETFs in USO Oil Fund and OIH Oil Service.

Broker Type – Market Maker
Regulation – Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
Platforms – Windows Trader, WebTrader
Minimum Deposit – $100
Maximum Leverage – 50:1
Minimum Lot Size – 0.01
Spreads – Fixed

Click Here to Trade Oil Online on PLUS500

#5: Tickmill

TickMill best Forex broker review

Tickmill is owned by Tickmill Limited and is operated by Tmill UK Limited and Tickmill Ltd., a company registered in England and Wales. Tickmill has registered offices in London and Seychelles. Tickmill offers Crude Oil CFD trading on MT4 platform.

Broker Type – STP/ECN/NDD/DMA
Regulation – FCA, UK and FSA, Seychelles
Platforms – Web Platform, MetaTrader 4, Mobile Platform
Minimum Deposit – $25
Deposit Options – Wire Transfer, Credit/Debit Card, WebMoney, UnionPay, Skrill, Neteller, FasaPay
Maximum Leverage – 500:1
Minimum Lot Size – 0.01
Spreads – Variable

Click Here to Online Trade Oil on Tickmill

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