Top Rated Oil Trading Brokers Reviews - 2020

Advertiser Disclosure

Oil is one of the commodities that have become popular of late with Forex traders. With the price of oil so strongly connected to the currency rates, the oil market often brings a good chance to Forex traders to increase their usual profit through oil trading brokers.

Oil futures from NYMEX (West Texas Intermediate, or WTI) and ICE (Brent Crude) are usually part of the series of commodities offered by Forex brokers, together with the more popular commodities such as gold, silver, other metals. But not all Forex brokers offer their traders oil trading in addition to the other asset choices.

Oil is a volatile product that is driven by supply, political and environmental factors, and the demand of energy-driven nations. To choose a broker who offers oil trading, see the list below compiled by the team at Daily Forex.

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image Top Rated

Min. Deposit

$10


Bonus

30% Welcome Bonus


Trading Platform

MetaTrader 4, MetaTrader 5


Max. Leverage

1:1000


Regulation

CySEC, FCA, FSC

Best all-around: high floating leverage + fast execution

Min. Deposit

$100 (Based on location)


Bonus

None


Trading Platform

MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based


Max. Leverage

1:300 (Based on location)


Regulation

CySEC, FCA, ASIC, FSC, FSCA

Excellent educational offerings

Min. Deposit

$50


Bonus

None


Trading Platform

Proprietary platform


Max. Leverage

1:400


Regulation

CySEC, FCA, ASIC

Best broker for social traders and crypto traders : 75% of retail CFD accounts lose money

Min. Deposit

$100


Bonus

Up To $5000


Trading Platform

MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based


Max. Leverage

1:400


Regulation

MiFID, Central Bank of Ireland, FSA, ASIC, BVIFSC, FFAJ, FSCA, FRSA

Highly regulated, choice of fixed or floating spreads

Min. Deposit

$50


Bonus

None


Trading Platform

MetaTrader 4, Proprietary platform, Web-based


Max. Leverage

1:50


Regulation

FCA, ASIC, AMF, FSCA

No dealing desk execution + wide range of trading apps