Best Oil Brokers 2025

Dig into our ranking of the top brokers for oil trading, helping you find reliable and cost-effective providers to navigate the volatility of crude oil with confidence.

Author Image Writer
Paul Holmes
Checker Image Fact Checker
Tobias Robinson
Editor Image Editor
James Barra
Brokers With:
Oil
Showing top 5 of 60 matching brokers.
  1. 1
    Trust Platform Assets Fees Accounts Research Education Mobile Support 4.5
    NinjaTrader is a US-based brokerage regulated for trading futures. It offers three different pricing plans for varied needs and budgets, along with extremely low margins on popular contracts. The company's renowned charting software and trading platform provides extensive customization options and excellent technical analysis features.
    Demo Account
    Yes
    Minimum Deposit
    $0
    Minimum Trade
    0.01 Lots
    Leverage
    1:50
    Copy Trading
    No
    Regulator
    NFA, CFTC
    Instruments
    Forex, Stocks, Options, Commodities, Futures, Crypto
    Platforms
    NinjaTrader Desktop, Web & Mobile, eSignal
    Account Currencies
    USD
    Automated Trading
    NinjaScript or via Automated Trading Interface
    AI
    No
    Guaranteed Stop Loss
    No
  2. 2
    Trust Platform Assets Fees Accounts Research Education Mobile Support 4.0
    Plus500US, a reputable broker since 2021, is authorized by the CFTC and NFA. It offers futures trading on forex, indices, commodities, cryptocurrencies, and interest rates. With a quick 10-minute signup, a $100 minimum deposit, and an easy-to-use web platform, Plus500 is enhancing its services for traders in the US.
    Demo Account
    Yes
    Minimum Deposit
    $100
    Minimum Trade
    0.0 Lots
    Leverage
    No
    Copy Trading
    No
    Regulator
    CFTC, NFA
    Instruments
    Futures on Cryptocurrencies, Metals, Agriculture, Forex, Interest rates, Energy, Equity Index future contracts
    Platforms
    WebTrader, App
    Account Currencies
    USD
    Automated Trading
    No
    AI
    No
    Guaranteed Stop Loss
    No
  3. 3
    Trust Platform Assets Fees Accounts Research Education Mobile Support 4.4
    Established in 1999, FOREX.com is part of StoneX, a global financial services company that serves over a million customers. It's regulated in the US, UK, EU, Australia, and other countries. The broker offers a wide range of markets beyond forex and provides competitive pricing on advanced platforms.
    Demo Account
    Yes
    Minimum Deposit
    $100
    Minimum Trade
    0.01 Lots
    Leverage
    1:50
    Copy Trading
    No
    Regulator
    NFA, CFTC
    Instruments
    Forex, Stock CFDs, Futures, Futures Options
    Platforms
    WebTrader, Mobile, MT4, MT5, TradingView
    Account Currencies
    USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN
    Automated Trading
    Expert Advisors (EAs) on MetaTrader
    AI
    Yes
    Guaranteed Stop Loss
    No
  4. 4
    Trust Platform Assets Fees Accounts Research Education Mobile Support 3.7
    IQCent is an offshore binary options and CFD broker located in the Marshall Islands. They offer various account types with bonuses like payout boosts, TradeBacks, and free rollovers. With over 175 assets, 24/7 trading, and 98% payouts, the firm attracts new short-term traders.
    Demo Account
    Yes
    Minimum Deposit
    $250
    Minimum Trade
    $0.01
    Leverage
    1:500
    Copy Trading
    Yes
    Regulator
    IFMRRC
    Instruments
    Binary Options, CFDs, Forex, Indices, Commodities, Crypto
    Platforms
    Online Platform, TradingView
    Account Currencies
    USD, EUR
    Automated Trading
    No
    AI
    No
    Guaranteed Stop Loss
    No
  5. 5
    Trust Platform Assets Fees Accounts Research Education Mobile Support 3.5
    Videforex, started in 2017, is a platform that grants access to stock, index, crypto, forex, and commodities markets through binary options and CFDs. Its specialized platform, mobile app, and integrated copy trading are suitable for new and less frequent traders. By offering market analysis tools and hosting trading contests, Videforex helps to enhance your trading expertise.
    Demo Account
    Yes
    Minimum Deposit
    $250
    Minimum Trade
    $0.01
    Leverage
    1:500
    Copy Trading
    Yes
    Regulator
    No
    Instruments
    Binary Options, CFDs, Forex, Indices, Commodities, Crypto
    Platforms
    TradingView
    Account Currencies
    USD, EUR, GBP, AUD, RUB
    Automated Trading
    Yes
    AI
    No
    Guaranteed Stop Loss
    Yes

Comparison of Best Oil Brokers

Broker
US Flag
USD Account
Oil Spread
Margin Trading
NinjaTrader
Plus500US
FOREX.com
2.5
IQCent
0.05
Videforex
Floating from 0.05
Broker
US Flag
USD Account
Oil Spread
Margin Trading

Broker Details Comparison

Broker
Demo Account
Minimum Deposit
Minimum Trade
Leverage
Assets
Platforms
NinjaTrader $0 0.01 Lots 1:50 Forex, Stocks, Options, Commodities, Futures, Crypto NinjaTrader Desktop, Web & Mobile, eSignal
Plus500US $100 0.0 Lots Futures on Cryptocurrencies, Metals, Agriculture, Forex, Interest rates, Energy, Equity Index future contracts WebTrader, App
FOREX.com $100 0.01 Lots 1:50 Forex, Stock CFDs, Futures, Futures Options WebTrader, Mobile, MT4, MT5, TradingView
IQCent $250 $0.01 1:500 Binary Options, CFDs, Forex, Indices, Commodities, Crypto Online Platform, TradingView
Videforex $250 $0.01 1:500 Binary Options, CFDs, Forex, Indices, Commodities, Crypto TradingView
Broker
Demo Account
Minimum Deposit
Minimum Trade
Leverage
Assets
Platforms

Safety Comparison

Compare how safe the Best Oil Brokers 2025 are.

Broker
Trust Rating
Guaranteed Stop Loss
Negative Balance Protection
Segregated Accounts
NinjaTrader
4.3
Plus500US
3.5
FOREX.com
4.9
IQCent
2.5
Videforex
2.5
Broker
Trust Rating
Guaranteed Stop Loss
Negative Balance Protection
Segregated Accounts

Mobile Trading Comparison

Compare the mobile trading features of the Best Oil Brokers 2025.

Broker
Mobile Apps
iOS Rating
Android Rating
Smart Watch App
NinjaTrader iOS & Android
3.0
3.2
Plus500US iOS & Android
4.1
4.3
FOREX.com iOS & Android
3.6
3.8
IQCent iOS & Android
4.3
4.1
Videforex Android
4.1
4.4
Broker
Mobile Apps
iOS Rating
Android Rating
Smart Watch App

Comparison for Beginners

Compare how suitable the Best Oil Brokers 2025 are for beginners.

Broker
Demo Account
Minimum Deposit
Minimum Trade
Education Rating
Support Rating
Fractional Shares
Demo Competitions
NinjaTrader $0 0.01 Lots
4.0
4.0
Plus500US $100 0.0 Lots
3.5
3.5
FOREX.com $100 0.01 Lots
4.5
4.3
IQCent $250 $0.01
2.0
2.5
Videforex $250 $0.01
1.8
4.2
Broker
Demo Account
Minimum Deposit
Minimum Trade
Education Rating
Support Rating
Fractional Shares
Demo Competitions

Comparison for Advanced Traders

Compare how suitable the Best Oil Brokers 2025 are for advanced or professional traders.

Broker
Automated Trading
VPS
API
AI
Pro Account
Leverage
Low Latency
Extended Hours
NinjaTrader NinjaScript or via Automated Trading Interface 1:50
Plus500US
FOREX.com Expert Advisors (EAs) on MetaTrader 1:50
IQCent 1:500
Videforex 1:500
Broker
Automated Trading
VPS
API
AI
Pro Account
Leverage
Low Latency
Extended Hours

Accounts Comparison

Compare the trading accounts offered by Best Oil Brokers 2025.

Broker
Demo Account
Interest on Cash
Islamic Account
Joint Account
Managed Account
PAMM
MAM
LAMM
Pro Account
NinjaTrader
Plus500US
FOREX.com
IQCent
Videforex
Broker
Demo Account
Interest on Cash
Islamic Account
Joint Account
Managed Account
PAMM
MAM
LAMM
Pro Account

Detailed Rating Comparison

Compare how we rated the Best Oil Brokers 2025 in key areas.

Broker
Trust
Platforms
Assets
Mobile
Fees
Accounts
Research
Education
Support
NinjaTrader
4.3
4.5
2.9
3.1
4.3
2.8
4.0
4.0
4.0
Plus500US
3.5
3.3
3.5
4.2
3.3
3.7
2.8
3.5
3.5
FOREX.com
4.9
4.6
4.3
3.7
4.6
4.0
4.8
4.5
4.3
IQCent
2.5
3.8
2.6
4.2
4.3
3.3
3.0
2.0
2.5
Videforex
2.5
3.5
3.6
4.3
3.3
3.0
1.3
1.8
4.2
Broker
Trust
Platforms
Assets
Mobile
Fees
Accounts
Research
Education
Support

Fee and Cost Comparison

Compare the cost of trading with the Best Oil Brokers 2025.

Broker
Cost Rating
Fixed Spreads
Inactivity Fee
CFD Stocks Spread
EUR/USD Spread
Crypto Spread
NinjaTrader
4.3
$25 1.3 Floating
Plus500US
3.3
$0 0.75
FOREX.com
4.6
$15 0.14 1.2 BTC 1.4%, ETH 2%
IQCent
4.3
$10 N/A 0.3 Variable
Videforex
3.3
$10 NA 0.1 Floating
Broker
Cost Rating
Fixed Spreads
Inactivity Fee
CFD Stocks Spread
EUR/USD Spread
Crypto Spread

Broker Popularity

See how popular the Best Oil Brokers 2025 are in terms of number of clients.

Broker Popularity
NinjaTrader
1,800,000
FOREX.com
450,000
Videforex
4,000

Why Trade With NinjaTrader?

NinjaTrader consistently satisfies active futures traders with its low-cost service and high-quality analysis tools. It offers superior charting features, including hundreds of indicators and over 10 chart types.

Pros

  • NinjaTrader provides detailed charting software for active traders, complete with custom technical indicators and widgets.
  • Low costs, with $50 trading margins and commissions starting at $.09 per micro contract.
  • NinjaTrader is a well-regarded and acclaimed futures broker, approved by the NFA and CFTC.

Cons

  • You need to register with partner brokers to trade in securities other than forex and futures.
  • The advanced trading tools require an additional fee.
  • Some payment methods require a withdrawal fee.

Why Trade With Plus500US?

Plus500US is an excellent choice for beginners, offering a user-friendly platform, low trading margins, and access to the Futures Academy to improve trading skills. Its powerful tools and reliable service earned it second place in DayTrading.com's annual 'Best US Broker' award.

Pros

  • Plus500 is a reputable publicly traded company with over 24 million traders and sponsors the Chicago Bulls.
  • Plus500US stands out for its low fees, competitive trading margins, and no charges for inactivity, live data, routing, or platform use.
  • The account setup, pricing structure, and web platform make futures trading simpler than competitors like NinjaTrader.

Cons

  • Plus500US is expanding its investment options, but it currently only offers around 50+ futures and no stocks.
  • Testing showed fast response times for support, but phone aid is not available.
  • Plus500US lacks social trading features, unlike competitors such as eToro US, which might enhance its appeal to aspiring traders.
Go to Plus500US
Trading in futures and options involves the risk of loss and is not suitable for everyone.

Why Trade With FOREX.com?

FOREX.com is a top-tier brokerage suitable for forex traders of all skill levels. It offers more than 80 currency pairs, has small spreads starting from 0.0 pips, and features low fees. The platform provides powerful charting tools that include over 100 technical indicators and multiple research aids.
Christian Harris
Review Author

Pros

  • FOREX.com provides top-tier forex pricing beginning at 0.0 pips. They also offer competitive cashback rebates up to 15% for dedicated traders.
  • FOREX.com has over 20 years of experience with strong regulatory oversight, and has received multiple awards, including second place in our 'Best Forex Broker' awards. As such, FOREX.com is globally reputed as a reliable trading brokerage.
  • The Web Trader remains one of the top platforms for budding traders, boasting a sleek design and more than 80 technical indicators for market analysis.

Cons

  • Demo accounts have a limited time duration of 90 days, which may not be sufficient for thoroughly testing trading strategies.
  • The funding options are not as extensive as those of top competitors such as IC Markets and lack several widely-used e-wallets, particularly UnionPay and POLi.
  • US clients do not have negative balance protection, so you can potentially owe more than your original account deposit.

Why Trade With IQCent?

IQCent is ideal for traders who want a simple platform for binary options and CFD trading that has low fees and offers copy trading. It features a variety of accounts and requires less than a minute to get started with a $250 deposit.

Pros

  • Enthusiastic traders can join trading competitions and win cash prizes.
  • New traders with a limited budget can start trading with as little as $0.01.
  • The broker provides payouts up to 98% on binary options. This is higher than other options such as Pocket Option, which offers only up to 92%.

Cons

  • Automated trading is not available for algorithmic traders.
  • IQCent lags behind binary brokers such as Quotex, offering a narrow selection of about 175 assets with few stocks.
  • The broker is not regulated by a reputable authority, which is typical for binary options companies.

Why Trade With Videforex?

Videforex caters to traders who want a simple platform for predicting the trends of major financial markets through binary options. With a swift registration process and web-based platform, it's easy to get started.

Pros

  • Traders have the opportunity to earn up to 98% payouts on over 100 assets through the broker's binary options. This offering is comparable to competitors such as IQCent.
  • Videforex often hosts trading contests. These competitions offer both new and experienced traders a chance to practice and win cash prizes. Trades can be made from as low as ¢0.01.
  • Videforex is a rare brokerage with 24/7 multilingual video support, offering extensive help for active traders.

Cons

  • Our latest tests indicate that the client terminal requires upgrades due to occasional slow and unresponsive widgets, which may negatively affect the experience for traders.
  • The lack of educational resources is a significant disadvantage for new traders, as top trading platforms often provide useful content like blogs, videos, and live trading sessions.
  • Videforex is not authorized by a reliable regulator. This means traders may not get important protections such as separate client accounts.
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How We Chose the Best Brokers For Trading Oil

To identify the top brokers for trading oil, we analyzed over 200 key metrics for each provider in our evolving brokerage directory.

Our evaluation prioritized essential factors such as access to oil markets and platform performance. As part of our hands-on testing, we also recorded oil spreads.

After rigorous testing of each broker’s trading software, we assigned overall scores and ranked them to help traders find the most reliable platforms for oil trading.

BrokerListings.com Broker Testing Methodology

What to Look for in a Top Oil Broker

Trading oil isn’t just about predicting price movements; it’s also about having the right tools, support, and conditions to execute your strategy effectively. Choosing the wrong broker can lead to unnecessary fees, poor execution, or security risks.

So, what should you look for in a broker when trading oil?

Regulation and Security: Your First Priority

Before thinking about spreads or platforms, ensure a reputable authority regulates your broker.

Top regulators include:

  • FCA (Financial Conduct Authority) in the UK
  • CySEC (Cyprus Securities and Exchange Commission)
  • BaFin (Federal Financial Supervisory Authority) in Germany

Expert take: Regulation ensures the broker operates transparently, keeps your funds in segregated accounts, and adheres to strict financial standards. As a UK-based investor, I never trade with a broker the EU doesn’t regulate; it’s my safety net against fraud or malpractice.

OANDA has earned and maintained its high trust score with authorization from top-tier regulators like the CFTC, and I rate its comprehensive market analysis and economic calendar.

Brent crude oil chart at OANDA

Source: OANDA

Trading Platforms: Your Gateway to the Market

The trading platform is your interface for analyzing the oil market, placing trades, and managing your portfolio. Look for brokers that offer:

  • MetaTrader 4 (MT4) or MetaTrader 5 (MT5): These are industry-standard platforms known for their reliability, advanced charting tools, and automated trading capabilities.
  • Proprietary Platforms: Some brokers we test develop their own platforms, which may offer unique features tailored to oil trading. eToro, for instance, has a web platform that connects you with an active social investment community where users share insights into the oil market and you can even replicate trades.

Expert take: In my opinion, a good platform should be intuitive, even for beginners, and powerful enough to meet the needs of intermediate traders. With growing mobile use, it must be available on your phone or tablet so you can trade on the go.

XM is one of the top MetaTrader brokers we’ve evaluated, providing oil trading on MT4 and MT5 through desktop, web and mobile solutions.

Spreads and Fees: Keeping Costs Low

Oil is a highly liquid commodity, but its price can fluctuate rapidly. You need a broker with tight spreads (the difference between the buy and sell price) and low fees to maximize your profits.

Here’s what to watch out for:

  • Fixed vs. Variable Spreads: Fixed spreads remain constant, while variable spreads can widen during volatile market conditions. Choose based on your trading style.
  • Commissions: Some brokers charge a commission per trade, while others make money through wider spreads. Compare both to find the most cost-effective option.
  • Overnight Fees: If you hold positions overnight, you may incur swap fees. These can add up, so check the broker’s fee structure.

CMC Markets stood out during testing for its tight spreads on oil CFDs, while we enjoyed using its next-generation trading platform with customizable charts.

Leverage: A Double-Edged Sword

Leverage allows you to control a larger position with less capital. For example, with 1:10 leverage, you can trade $10,000 with just $1,000. While this can amplify your profits, it also increases your risk.

In Europe, leverage is capped at 1:10 for retail traders due to ESMA (European Securities and Markets Authority) regulations. While this may seem restrictive, it’s designed to protect traders from excessive risk.

Expert take: If you’re a more experienced trader like me, some brokers offer higher leverage through professional accounts, but these come with fewer protections.

Interactive Brokers is an obvious pick if you want to trade oil on margin. It provides global oil futures and CFDs with low margin rates and competitive fees.

IBKR Campus - video on oil trading

Source: IBKR Campus

Asset Variety: More Options, More Opportunities

Not all oil is the same. The two most commonly traded types are:

  • Brent Crude: A global benchmark often influenced by geopolitical events in Europe and the Middle East.
  • WTI Crude: A US-based benchmark closely tied to American supply and demand.

Some brokers also offer CFDs (Contracts for Difference) on oil, allowing you to speculate on price movements without owning the underlying asset.

Saxo stands out with its wide access to multiple oil markets, including futures and CFDs. During our hands-on tests, it also impressed with its SaxoTraderGO platform which features professional-grade tools.

Customer Support: Your Lifeline

Even the most experienced traders need help sometimes. Reliable customer support is essential, whether a technical issue or a question about fees.

Look for brokers that offer:

  • 24/7 Support: Oil markets are active around the clock, so you need assistance whenever needed.
  • Multiple Contact Methods: Live chat, email, and phone support are all good signs.
  • Educational Resources: Brokers that provide tutorials, webinars, or market analysis can help you improve your skills.

Pro tip: Stay updated on news and events that affect oil prices, such as OPEC meetings, economic data, or geopolitical developments.

Brokers like IG provide excellent market news and analysis in our experience, which can help you make informed decisions.

Execution Speed and Reliability

In fast-moving markets like oil, every second counts. A delay in order execution can mean the difference between a profitable trade and a loss.

Look for providers with:

  • Fast Execution: This ensures your trades are executed at the price you see, with minimal slippage.
  • Reliable Servers: Downtime during crucial market events can be costly. Choose a brokerage with a reputation for stability.

Pepperstone impresses with its tight spreads and fast execution on oil CFDs, featuring no dealing desk (NDD) execution that’s ideal for both beginners and advanced traders.

Deposit and Withdrawal Options

Finally, consider how easy it is to fund your account and withdraw your profits.

Look for firms that offer:

  • Multiple Payment Methods: Credit cards, debit cards, bank transfers, and e-wallets like PayPal or Skrill.
  • Low or No Fees: Some brokers charge fees for deposits or withdrawals, which can eat into your profits.
  • Fast Processing Times: You don’t want to wait days for your money to arrive.

Pro tip: Most oil brokers we’ve evaluated offer demo trading accounts, which allow you to practice trading with virtual money. They are a great way to get comfortable with the platform and test your strategies before risking real capital.