Trading various types of commodities is an attractive opportunity for traders to further increase their profits. For them, Forex Oil trading is one of the main activities. This section of TopBrokers.com presents a rating including the best oil trading brokers. It is worth adding that in most cases, these companies allow the trading of oil and other types of commodities. This way, you get the opportunity to learn how to trade with the maximum profit and diversify your work.
Best Oil Trading Brokers
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4.6
/ 5
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76-77% of retail investor accounts lose money when trading CFDs with this provider.
Specialized trading accounts
24/7 instant money withdrawal
Pros
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Top-Tier Regulation
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Low Forex Fees
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No Withdrawal Fees
Cons
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High Stock CFD Fees
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Limited Product Portfolio
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User Interface Could Be More Intuitive
Withdrawal fee
$0
Deposit fee
4.2
Max leverage
1:50
Min deposit
100$
Top Regulators
FCA, CFTC, NFA, CIRO, CIMA, CYSEC
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trusted
Available in
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Specialized trading accounts
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24/7 instant money withdrawal
Pros
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Top-Tier Regulation
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Low Forex Fees
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No Withdrawal Fees
Cons
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High Stock CFD Fees
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Limited Product Portfolio
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User Interface Could Be More Intuitive
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:50
Start trading
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76-77% of retail investor accounts lose money when trading CFDs with this provider.
Proprietary Trading Platform
Advanced Analytical Tools
Pros
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Ventorus offers multiple account types, allowing traders to choose an account that fits their specific needs and experience levels.
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With a maximum leverage of up to 1:400, traders can control larger positions with smaller amounts of capital, which can significantly amplify potential profits.
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The broker provides low spreads, starting at an impressively low 0.03 pips, ensuring cost-effective trading conditions.
Cons
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Ventorus is that it is not regulated by a tier-one financial regulator.
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Additionally, the platform lacks educational materials, which can be a significant drawback for beginners who need guidance.
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Ventorus does not support MetaTrader 4 and MetaTrader 5 platforms, which are popular among traders for their advanced features.
Withdrawal fee
3.5% or 30 USD
Deposit fee
3.8
Max leverage
1:400
Min deposit
$250
Top Regulators
No
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Available in
2
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Proprietary Trading Platform
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Advanced Analytical Tools
Pros
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Ventorus offers multiple account types, allowing traders to choose an account that fits their specific needs and experience levels.
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With a maximum leverage of up to 1:400, traders can control larger positions with smaller amounts of capital, which can significantly amplify potential profits.
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The broker provides low spreads, starting at an impressively low 0.03 pips, ensuring cost-effective trading conditions.
Cons
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Ventorus is that it is not regulated by a tier-one financial regulator.
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Additionally, the platform lacks educational materials, which can be a significant drawback for beginners who need guidance.
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Ventorus does not support MetaTrader 4 and MetaTrader 5 platforms, which are popular among traders for their advanced features.
- Withdrawal fee3.5% or 30 USD
- Deposit feeNo
- Max Leverage1:400
Specialized trading accounts
PayPay for deposit
Pros
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High leverage options (up to 1:1000) for experienced traders.
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Multiple account types to suit different trading needs.
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User-friendly platforms, including mobile trading.
Cons
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Limited information on regulatory licensing and oversight.
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Located in St. Lucia, a jurisdiction that may raise regulatory concerns.
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Lack of detailed information on fees or additional charges.
Withdrawal fee
$0
Deposit fee
4.6
Max leverage
1:1000
Min deposit
$10
Top Regulators
No
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Available in
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Specialized trading accounts
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PayPay for deposit
Pros
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High leverage options (up to 1:1000) for experienced traders.
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Multiple account types to suit different trading needs.
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User-friendly platforms, including mobile trading.
Cons
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Limited information on regulatory licensing and oversight.
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Located in St. Lucia, a jurisdiction that may raise regulatory concerns.
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Lack of detailed information on fees or additional charges.
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:1000
Specialized trading accounts
Affiliate Program
Pros
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One of the main advantages of Mirrox is the variety of account types it offers. This allows traders to choose an account that fits their trading experience and style, from beginners to more advanced users.
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Mirrox provides a maximum leverage of up to 1:400, which can be appealing for those who want to maximize their trading opportunities. This high leverage enables traders to control larger positions with a smaller investment, though it’s important to remember that it also increases the risk.
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The broker ensures multiple ways to reach support, including live chat, email, and phone. This accessibility is bolstered by 24/7 availability, meaning traders can get help whenever they need it, regardless of their time zone.
Cons
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Mirrox does not currently offer a mobile trading app, which could be inconvenient for traders who prefer to manage their trades on the go.
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The platform lacks social or copy trading features, which are popular among traders who like to follow or mirror more experienced traders’ strategies.
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Mirrox operates with a single trading platform (WebTrader), which might not appeal to traders who prefer using other popular platforms like MetaTrader 4 or 5. The lack of platform choice can be limiting for those who are used to other trading software or want to try different interfaces.
Withdrawal fee
3.5%
Deposit fee
4.1
Max leverage
1:400
Min deposit
$250
Top Regulators
No
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Available in
Expand
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Specialized trading accounts
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Affiliate Program
Pros
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One of the main advantages of Mirrox is the variety of account types it offers. This allows traders to choose an account that fits their trading experience and style, from beginners to more advanced users.
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Mirrox provides a maximum leverage of up to 1:400, which can be appealing for those who want to maximize their trading opportunities. This high leverage enables traders to control larger positions with a smaller investment, though it’s important to remember that it also increases the risk.
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The broker ensures multiple ways to reach support, including live chat, email, and phone. This accessibility is bolstered by 24/7 availability, meaning traders can get help whenever they need it, regardless of their time zone.
Cons
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Mirrox does not currently offer a mobile trading app, which could be inconvenient for traders who prefer to manage their trades on the go.
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The platform lacks social or copy trading features, which are popular among traders who like to follow or mirror more experienced traders’ strategies.
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Mirrox operates with a single trading platform (WebTrader), which might not appeal to traders who prefer using other popular platforms like MetaTrader 4 or 5. The lack of platform choice can be limiting for those who are used to other trading software or want to try different interfaces.
- Withdrawal fee3.5%
- Deposit fee$0
- Max Leverage1:400
24/7 Customer Support
Multilingual Support
Pros
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Extensive range of tradable instruments: With over 160 CFD instruments available, including stocks, forex, indices, commodities, metals, and cryptocurrencies, traders have ample options to diversify their investment portfolio.
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Commission-free trading: There are no commissions on standard trades as the broker earns from spreads, which are also very competitive (starting ~0.9 pips). This transparent fee model means lower and straightforward costs for traders.
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24/7 Multilingual Customer Support: Customer support is accessible 24/7 in four languages to help traders access support in their preferred language.
Cons
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Offshore Regulation: Savexa is regulated in Mwali (Comoros) instead of a tier-1 regulatory jurisdiction. The broker is offshore regulated which means the investors do not get the tier-1 investor protection features.
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Lack of MetaTrader Platforms: Savexa does not offer the popular MetaTrader 4 or 5. Many seasoned brokers prefer using MetaTrader for their trades instead of WebTrader.
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Limited Advanced Strategies: The broker does not allow advanced strategies like scalping and arbitrage trading. Lack of MetaTrader further means copy trading and auto trading are absent as well.
Withdrawal fee
N/A
Deposit fee
4.1
Max leverage
1:400
Min deposit
$250
Top Regulators
No
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Available in
5
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24/7 Customer Support
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Multilingual Support
Pros
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Extensive range of tradable instruments: With over 160 CFD instruments available, including stocks, forex, indices, commodities, metals, and cryptocurrencies, traders have ample options to diversify their investment portfolio.
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Commission-free trading: There are no commissions on standard trades as the broker earns from spreads, which are also very competitive (starting ~0.9 pips). This transparent fee model means lower and straightforward costs for traders.
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24/7 Multilingual Customer Support: Customer support is accessible 24/7 in four languages to help traders access support in their preferred language.
Cons
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Offshore Regulation: Savexa is regulated in Mwali (Comoros) instead of a tier-1 regulatory jurisdiction. The broker is offshore regulated which means the investors do not get the tier-1 investor protection features.
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Lack of MetaTrader Platforms: Savexa does not offer the popular MetaTrader 4 or 5. Many seasoned brokers prefer using MetaTrader for their trades instead of WebTrader.
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Limited Advanced Strategies: The broker does not allow advanced strategies like scalping and arbitrage trading. Lack of MetaTrader further means copy trading and auto trading are absent as well.
- Withdrawal feeN/A
- Deposit feeN/A
- Max Leverage1:400
Variety of Trading Instruments
WebTrader Platform
Simple Registration
Pros
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Trading.com stands out for its competitive spreads, allowing traders to access markets at favorable pricing.
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The platform offers user-friendly trading platforms, notably the MetaTrader 5 terminal, facilitating a smooth trading experience.
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Traders can access a decent array of tradable instruments, including Forex, stocks, commodities, indices, metals, and energies.
Cons
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Trading.com’s trading platform options are limited, offering only the MetaTrader 5 (MT5) platform for traders.
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The platform’s educational resources are relatively limited, potentially leaving traders seeking more comprehensive learning materials.
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Trading.com is exclusively available to clients within the United Kingdom, limiting its accessibility to a global audience.
Withdrawal fee
$0
Deposit fee
3.8
Max leverage
1:30
Min deposit
$5
Top Regulators
CFTC, NFA, FAC
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Available in
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Variety of Trading Instruments
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WebTrader Platform
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Simple Registration
Pros
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Trading.com stands out for its competitive spreads, allowing traders to access markets at favorable pricing.
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The platform offers user-friendly trading platforms, notably the MetaTrader 5 terminal, facilitating a smooth trading experience.
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Traders can access a decent array of tradable instruments, including Forex, stocks, commodities, indices, metals, and energies.
Cons
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Trading.com’s trading platform options are limited, offering only the MetaTrader 5 (MT5) platform for traders.
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The platform’s educational resources are relatively limited, potentially leaving traders seeking more comprehensive learning materials.
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Trading.com is exclusively available to clients within the United Kingdom, limiting its accessibility to a global audience.
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:30
Specialized trading accounts
Pros
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Thorough Regulation and License: markets.com is licensed and regulated by 5 reputable watchdogs. This further strengthens the broker’s credibility as a financial service provider.
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Markets.com is not your regular broker, with its blend and IPO offerings. These additional offerings put the broker in a league of its own.
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Sleek Proprietary Trading Platform: Besides its MT4 and MT5 trading platforms, the broker has its own customized trading platforms, which excel in every regard as the more popular trading platforms.
Cons
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Inactivity Charges: Traders must pay a fee of $10 per month after 90 days of no trading inactivity on markets.com.
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No Customer Support Service on Weekends: Since trading is 24/7, it’s only ideal that the customer support service is also available 24/7 so clients can resolve their complaints quickly.
Withdrawal fee
N/A
Deposit fee
3.6
Max leverage
N/A
Min deposit
N/A
Top Regulators
CYSEC
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Available in
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Specialized trading accounts
Pros
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Thorough Regulation and License: markets.com is licensed and regulated by 5 reputable watchdogs. This further strengthens the broker’s credibility as a financial service provider.
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Markets.com is not your regular broker, with its blend and IPO offerings. These additional offerings put the broker in a league of its own.
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Sleek Proprietary Trading Platform: Besides its MT4 and MT5 trading platforms, the broker has its own customized trading platforms, which excel in every regard as the more popular trading platforms.
Cons
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Inactivity Charges: Traders must pay a fee of $10 per month after 90 days of no trading inactivity on markets.com.
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No Customer Support Service on Weekends: Since trading is 24/7, it’s only ideal that the customer support service is also available 24/7 so clients can resolve their complaints quickly.
- Withdrawal feeN/A
- Deposit feeN/A
- Max LeverageN/A
24/7 instant money withdrawal
Pros
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Unparalleled Market Access
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Competitive Pricing
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Advanced Trading Tools
Cons
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Steep Learning Curve
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Customer Service Could Be Better
Withdrawal fee
N/A
Deposit fee
3.7
Max leverage
N/A
Min deposit
N/A
Top Regulators
FCA, CFTC, NFA, SEC
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Available in
Expand
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24/7 instant money withdrawal
Pros
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Unparalleled Market Access
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Competitive Pricing
-
Advanced Trading Tools
Cons
-
Steep Learning Curve
-
Customer Service Could Be Better
- Withdrawal feeN/A
- Deposit feeN/A
- Max LeverageN/A
Free VPS hosting
Specialized trading accounts
24/7 instant money withdrawal
Pros
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Highly Regulated and Trustworthy
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Competitive Spreads on Major Pairs
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Fast Execution Speeds
Cons
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Limited Asset Classes
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Withdrawal Fees for Wire Transfers
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Educational Resources Not Fully Developed
Withdrawal fee
N/A
Deposit fee
3.5
Max leverage
N/A
Min deposit
N/A
Top Regulators
ASIC, FCA, BaFIN, CONSOB, CNMV, AMF
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Available in
9
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Free VPS hosting
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Specialized trading accounts
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24/7 instant money withdrawal
Pros
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Highly Regulated and Trustworthy
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Competitive Spreads on Major Pairs
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Fast Execution Speeds
Cons
-
Limited Asset Classes
-
Withdrawal Fees for Wire Transfers
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Educational Resources Not Fully Developed
- Withdrawal feeN/A
- Deposit feeN/A
- Max LeverageN/A
Wide variety of trading instruments
Pros
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AMP Global offers diverse tradable instruments, including forex, exchange-traded futures, metals, energies, indices, stocks, and crypto CFDs. This allows traders to diversify their portfolios and exploit various market opportunities.
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Including the Investor Compensation Fund is a notable advantage for clients trading under the CySEC-regulated entity. This fund offers insurance per client up to 20,000 EUR, providing additional protection for client funds.
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AMP Global offers various account funding methods, including bank wire transfers, credit/debit cards, and e-wallet services. This provides flexibility and convenience for clients when depositing and withdrawing funds.
Cons
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The registration requirements to open a new AMP Global live account may be considered complex, involving multiple steps and providing various declarations. This might be a drawback for traders seeking a more straightforward account opening process.
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Traders do not have the liberty to pick which trading platform they wish to use since AMP GLOBAL only offers the MT5 trading platform. This means there is no proprietary platform, the MT4 or the cTrader platforms.
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AMP GLOBAL forex brokerage offers only one account type for all its clients. This effectively means users have no choice of picking account types that suit their trading needs.
Withdrawal fee
$0
Deposit fee
3.5
Max leverage
1:500
Min deposit
$100
Top Regulators
CySEC
Add to compare list
Available in
10
Expand
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Wide variety of trading instruments
Pros
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AMP Global offers diverse tradable instruments, including forex, exchange-traded futures, metals, energies, indices, stocks, and crypto CFDs. This allows traders to diversify their portfolios and exploit various market opportunities.
-
Including the Investor Compensation Fund is a notable advantage for clients trading under the CySEC-regulated entity. This fund offers insurance per client up to 20,000 EUR, providing additional protection for client funds.
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AMP Global offers various account funding methods, including bank wire transfers, credit/debit cards, and e-wallet services. This provides flexibility and convenience for clients when depositing and withdrawing funds.
Cons
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The registration requirements to open a new AMP Global live account may be considered complex, involving multiple steps and providing various declarations. This might be a drawback for traders seeking a more straightforward account opening process.
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Traders do not have the liberty to pick which trading platform they wish to use since AMP GLOBAL only offers the MT5 trading platform. This means there is no proprietary platform, the MT4 or the cTrader platforms.
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AMP GLOBAL forex brokerage offers only one account type for all its clients. This effectively means users have no choice of picking account types that suit their trading needs.
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:500
How to trade oil on Forex?
In most cases, Forex oil trading is directly related to the change in quotations of currency pairs. Therefore, not only experienced traders, but also a newcomer to the exchange will be able to correctly predict changes in the Brent and WTI prices. To do this, you simply need to take into account the full range of existing trading factors on Forex. It should be noted that one of the main features of oil trading is the priority importance of fundamental analysis.
Best Oil trading brokers
Everyone knows that Forex oil trading is a great way to hedge currency positions with Brent and WTI oil trades. In addition, oil charts for Brent and WTI will become an additional source of important information for the correlation analysis in trading different currency pairs on the Forex market. In this case, technical analysis plays a secondary role when you trade oil on Forex. But how to trade oil without it?
This rating from TopBrokers.com includes many proven brokers, for whom Forex oil trading is the prerogative. They provide their clients with the opportunity to work on the market under different terms. With so many different options for oil trading, you will surely be able to choose the most suitable company for trading. Study every offer on the exchange and learn to trade oil on Forex. A responsible approach to the choice will allow you to find a company with which Forex oil trading is the most profitable for you.
