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.
Oil Trading Brokers
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4.2
/ 5
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73%-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
Withdraw fee
$0
Deposit fee
4.5
Max leverage
1:50
Min deposit
100$
Top Regulators
FCA, CFTC, NFA, CIRO, CIMA, CYSEC
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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
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:50
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73%-77% of retail investor accounts lose money when trading CFDs with this provider.
Wide range of payment options
Pros
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Colmex Pro provides traders with competitive leverage up to 1:30 for forex instruments and up to 1:20 for professional clients trading stocks.
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The Broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), which ensures that the company follows strict financial and ethical guidelines.
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Traders can fund their accounts using various methods such as credit/debit cards, bank transfers, and online payment methods like PayPal. Withdrawals can also be made via Visa, MasterCard, or PayPal.
Cons
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Colmex Pro lacks educational resources such as webinars, trading guides, and other materials to help traders improve their skills.
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Customer support is only available during weekdays and not 24/7, which could be inconvenient for traders in different time zones.
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While the first transaction of the month under or equal to $500 is free, any following withdrawals are charged a fee of $40 (or €30 for Euro accounts), which may be high compared to other brokerage firms.
Withdraw fee
$25
Deposit fee
1.2
Max leverage
1:400
Min deposit
$500
Top Regulators
CySEC
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Wide range of payment options
Pros
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Colmex Pro provides traders with competitive leverage up to 1:30 for forex instruments and up to 1:20 for professional clients trading stocks.
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The Broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), which ensures that the company follows strict financial and ethical guidelines.
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Traders can fund their accounts using various methods such as credit/debit cards, bank transfers, and online payment methods like PayPal. Withdrawals can also be made via Visa, MasterCard, or PayPal.
Cons
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Colmex Pro lacks educational resources such as webinars, trading guides, and other materials to help traders improve their skills.
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Customer support is only available during weekdays and not 24/7, which could be inconvenient for traders in different time zones.
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While the first transaction of the month under or equal to $500 is free, any following withdrawals are charged a fee of $40 (or €30 for Euro accounts), which may be high compared to other brokerage firms.
- Withdraw fee$25
- Deposit fee$0
- 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.
Withdraw fee
$0
Deposit fee
2.9
Max leverage
1:30
Min deposit
$5
Top Regulators
CFTC, NFA, FAC
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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.
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:30
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
Withdraw fee
N/A
Deposit fee
4.3
Max leverage
N/A
Min deposit
N/A
Top Regulators
FCA, CFTC, NFA, SEC
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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
- Withdraw 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
Withdraw fee
N/A
Deposit fee
4.1
Max leverage
N/A
Min deposit
N/A
Top Regulators
ASIC, FCA, BaFIN, CONSOB, CNMV, AMF
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5
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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
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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
- Withdraw feeN/A
- Deposit feeN/A
- Max LeverageN/A
Variety of Trading Instruments
Advanced Trading Tools
Retirement Planning
Investment Research
Pros
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Wide Range of Assets: TD Ameritrade offers a wide range of financial products, including stocks, options, mutual funds, ETFs, bonds, futures, and forex, allowing investors to diversify their portfolios.
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User-Friendly Platforms: TD Ameritrade offers user-friendly platforms, such as thinkorswim and the TD Ameritrade website, which are easy to navigate and provide various tools for investors.
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Research and Education: TD Ameritrade provides investors with various research and education resources, including webinars, articles, and market analysis tools.
Cons
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High Fees: TD Ameritrade’s commission rates can be high compared to other online brokers, especially for options trading.
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Limited Availability: TD Ameritrade is only available in a few countries, which may limit its accessibility for some investors.
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Inactivity Fees: TD Ameritrade charges inactivity fees if an account has been inactive for a certain period, which can be frustrating for some investors.
Withdraw fee
$0
Deposit fee
1.8
Max leverage
1:4
Min deposit
$0
Top Regulators
FINRA, CFTC, NFA
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Variety of Trading Instruments
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Advanced Trading Tools
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Retirement Planning
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Investment Research
Pros
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Wide Range of Assets: TD Ameritrade offers a wide range of financial products, including stocks, options, mutual funds, ETFs, bonds, futures, and forex, allowing investors to diversify their portfolios.
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User-Friendly Platforms: TD Ameritrade offers user-friendly platforms, such as thinkorswim and the TD Ameritrade website, which are easy to navigate and provide various tools for investors.
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Research and Education: TD Ameritrade provides investors with various research and education resources, including webinars, articles, and market analysis tools.
Cons
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High Fees: TD Ameritrade’s commission rates can be high compared to other online brokers, especially for options trading.
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Limited Availability: TD Ameritrade is only available in a few countries, which may limit its accessibility for some investors.
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Inactivity Fees: TD Ameritrade charges inactivity fees if an account has been inactive for a certain period, which can be frustrating for some investors.
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:4
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.
Withdraw fee
$0
Deposit fee
4.6
Max leverage
1:1000
Min deposit
$10
Top Regulators
No
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Expand
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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.
- Withdraw 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.
Withdraw fee
3.5%
Deposit fee
3
Max leverage
1:400
Min deposit
$250
Top Regulators
No
Add to compare list
Expand
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Specialized trading accounts
-
Affiliate Program
Pros
-
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.
-
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.
-
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.
- Withdraw fee3.5%
- Deposit fee$0
- Max Leverage1:400
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?
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.