6 Best Oil Trading Platforms for 2026
Our team tested over 80 brokers this year and shortlisted the platforms that offer the strongest setup for oil trading. We examined each broker’s product offering – spot oil, CFDs, ETFs, futures, and options – and checked whether they support both major benchmarks: Brent and WTI.
- Rankings are not for sale — the order comes from our test scores; no broker can pay for a higher spot.
- The authority on broker reviews since 2011 — traders have relied on our independent broker testing for over a decade.
- 80+ brokers tested every year — we test the whole market, so we know the benchmark — and which brokers actually beat it.
- Every broker takes the same test — one published scoring system: 9 weighted categories, 250+ variables, measured hands-on by our analysts.
- Every fact is checked twice — a dedicated editor re-verifies each data point, from licenses to spreads, before publication.
We also evaluated spreads carefully, selecting brokers that keep oil trading costs low, as wider spreads can quickly eat into profits. Alongside pricing, we reviewed each broker’s reputation, transparency, and overall track record.
List of Top Oil Trading Brokers
*AvaTrade doesn’t allow CFD trading in Spain; only Futures are available.
Compare All Listed Brokers
| Broker | Score | Fees Score | Min Deposit | Max Leverage | Platforms | Visit Broker |
|---|---|---|---|---|---|---|
FP Markets | 4.6 | 4.1 | $100 | 1:500 (FSA) 1:500 (FSCM) · 1:500 (Unregulated) · 1:400 (FSCA) · 1:30 (ASIC) · 1:500 (CMA) | MT5, cTrader, IRESS, MT4, Mottai, TradingView | Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested. |
XTB | 4.5 | 4.3 | $0 | 1:30 (FCA) 1:30 (BaFin) · 1:30 (KNF) · 1:30 (CySEC) · 1:30 (CNMV) · 1:500 (IFSC) · 1:30 (CNB) · 1:500 (CMF Chile) | xStation 5 | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
IronFX | 4.4 | 4.0 | $50 | 1:30 (FCA) 1:500 (FSCA) · 1:2000 (BVI FSC) | MT4 | Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. |
IC Markets | 4.8 | 5.0 | $0 | 1:30 (ASIC) 1:30 (CySEC) · 1:5000 (FSA) · 1:400 (CMA) · 1:200 (SCB) | MT5, cTrader, MT4, TradingView, Zulutrade | Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. |
AvaTrade | 4.5 | 4.2 | $100 | 1:400 (FSCA) 1:30 (CBI) · 1:200 (BVI FSC) · 1:30 (ASIC) · 1:400 (ADGM) · 1:25 (JFSA) · 1:30 (ISA) · 1:30 (CySEC) | AvaOptions, AvaSocial, MT5, Proprietary, MT4, DupliTrade, Ava Web Trader, AvaTrade App | Trading CFDs and FX Options entail risk and could result in the loss of your capital. |
FxPro | 4.3 | 3.0 | $0 | 1:30 (FCA) 1:10000 (FSA) · 1:200 (SCB) · 1:30 (CySEC) | MT5, cTrader, MT4, FxPro Trading Platform, FxPro Mobile App, TradingView | 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing money. (EU, UK) |
How Did FXEmpire Choose the Best Brokers for Trading Oil?
- Oil trading offering: We checked product offerings and selected brokers that provide a range of oil investment products, such as spot contracts, CFDs, ETFs, futures, and options.
- Coverage of major oil benchmarks: We evaluated brokers that offer trading in both Brent crude and WTI crude, as these are the two most widely traded oil benchmarks.
- Spreads: We assessed brokers with low spreads on oil trades, as spreads can significantly impact your trading costs. Spreads below 0.03 are generally considered low, while spreads above 0.05 are considered high.
- Trustworthiness: We searched for brokers with a good reputation and a history of honesty and transparency.
- Trading platform: We focused on brokers with a trading platform that is user-friendly and offers the tools and features you need for your trading strategy.
Without further ado, let’s move to the selected brokers.
Best Overall
- $100Min Deposit
- 10180Tradable Instruments
- MediumFees
Why We Picked It
Founded in 2005, FP Markets is headquartered in Australia and regulated by top-tier regulators ASIC and CySEC. The broker offers trading in currencies, commodities, indices, ETFs, stocks, futures, and cryptocurrencies.
FP Markets Oil Offering
- Oil types: WTI Oil
- Asset classes: CFD spot
- Average spreads: WTI Oil 0.04 pips
- Leverage: St. Vincent & the Grenadines – up to 1:500, CySEC – up to 1:30
FP Markets provides access to both CFD and ETF exposure to oil markets. Our tests indicated that FP Markets spreads for WTI oil were 0.04 pips which is average for the market.
The broker offers a wide range of trading platforms, such as MetaTrader 4, MetaTrader 5, WebTrader, IRESS, and a Mobile Trading App. FP Markets provides multiple deposit and withdrawal methods, including credit cards, bank transfers, and e-wallets.
Pros and Cons
- High investor protection through CySEC and ASIC regulation.
- Good selection of trading platforms.
- No inactivity fee.
- Low investor protection through unregulated St. Vincent & Grenadines entity.
- Proprietary mobile app is limited.
Best Trading Platform
- $0Min Deposit
- 2534Tradable Instruments
- LowFees
Why We Picked It
Founded in 2002, XTB is listed on the Warsaw Stock Exchange (WSE:XTB) and licensed by Tier-1 regulators, the UK FCA, CySEC, CMNW, BaFin, and others. Its proprietary xStation 5 web platform and mobile app offer helpful trading tools and market scanners for trading over 2,300 financial CFD instruments.
XTB Oil Offering:
- Oil types: WTI Oil, Brent Oil,
- Asset classes: Spot CFDs
- Average spreads: WTI Oil 0.03
- Leverage: Up to 1:20
The xStation 5 web is a user-friendly platform designed for beginner and advanced traders. It gives access to price alerts, watchlists, one-click trading, performance statistics, heatmaps, sentiment, and market scanners.
The stock and ETF scanner is particularly useful for searching for specific oil stocks that meet certain fundamental criteria. The sentiment indicator is also helpful for understanding the positioning of other XTB clients on oil. There is also mobile version of xStation that offers breaking news about commodity markets like oil and other global asset classes.
Our live test showed a spread of 3 cents on WTI Oil CFD contracts, which is higher than the industry average of 2 cents. However, XTB compensates it with commission-gree trading. The fee structure is suitable for more medium-term trading styles.
Pros and Cons
- Built-in market sentiment
- Heatmaps and scanners
- 2,300 financial CFD instruments
- Breaking news from mobile app
- Limited choice of trading platforms
Best for Professional Traders
- $50Min Deposit
- 311Tradable Instruments
- MediumFees
Why We Picked It
Founded in 2010, IronFX is regulated by three regulators, including top-tier regulators like CySEC and FCA. The broker offers trading in forex, commodities, stocks, indices, and cryptocurrencies.
IronFX Oil Offering
- Oil types: WTI Oil, Brent Oil
- Asset classes: CFD spot, CFD futures
- Average spreads: WTI Oil 0.07
- Leverage: Up to 1:1000 Bermuda, up to 1:30 CySEC
The broker offers 7 types of accounts, so clients will have plenty of options to choose from. The broker has a VIP account which could be set up with both floating and fixed spreads at the trader’s choice. The VIP account has no commissions. Traders also have access to three STP/ECN accounts where they can no-commission and zero-spread options.
IronFX offers a highly popular MetaTrader 4 platform. Advanced traders can benefit from VPS hosting as well as Personal Multi Account Manager (PMAM) platform which allows money managers to trade and manage multiple MT4 accounts at the same time. Among the research tools, the broker offers Trading Central with access to MT4 indicators, technical views, and forex ideas.
Pros and Cons
- Seven accounts to choose from.
- Multiple deposit and withdrawal options.
- Personal multi account manager.
- Weak research support.
- High spreads for some instruments.
Best Low Spreads
- $0Min Deposit
- 7342Tradable Instruments
- LowFees
Why We Picked It
IC Markets has been on the market for over 15 years and is regulated by CySEC, ASIC, SCB, and the FSA of Seychelles. Its clients can trade over 1700 financial CFD instruments, including forex pairs, stocks, indices, commodities, bonds, and cryptocurrencies.
IC Markets Oil Offering
- Oil types: WTI Oil, Brent Oil
- Asset classes: CFD spot, CFD futures
- Average spreads: WTI Oil 0.03
- Leverage: Up to 1:1000 FSA, Up to 1:30 CySEC
Our research showed that the spread for WTI oil is low, 0.03 pips. Spreads for the commodities in general were mostly in line with the industry average, as well as the overnight swap fees we measured. Notably, IC Markets does not charge inactivity fees.
IC Markets offers three trading platforms: MetaTrader 4, MetaTrader 5, and cTrader. The available platforms are aimed at advanced traders, who will benefit from their multiple features. Broker’s clients can also benefit from the strong research support, which includes in-house research and third-party tools like Trading Central and AutoChartist.
Pros and Cons
- Low trading fees.
- Lots of tools and platforms available.
- Strong educational and research support.
- The broker’s offering may be overwhelming for beginners.
Best for Beginners
- $100Min Deposit
- 1472Tradable Instruments
- MediumFees
Why We Picked It
AvaTrade is a globally regulated broker and is authorized and regulated by eight different financial regulators, including top-tier ASIC, CySEC, and the FSA of Japan. The broker provides access to more than 1250 instruments in forex, stocks, indices, commodities, cryptocurrencies, and FX options.
AvaTrade Oil Offering
- Oil types: WTI Oil, Brent Oil.
- Asset classes: Spot CFD
- Average spreads: WTI Oil 0.03
- Leverage: Up to 1:400 BVI FSC, Up to 1:10 CBI (EU entity)
AvaTrade provides a good range of services, products and materials for beginner traders.
Newbies will enjoy the commission-free trading accounts and the AvaProtect feature to cover losses in volatile markets (at a fee).
AvaTrade provides a wide range of trading platforms, including MetaTrader 4, MetaTrader 5, and two in-house mobile trading apps – AvaTradeGo and a copy trading app AvaSocial. Our research indicated that both apps are simple to use, easy to navigate, and have good technical tools and features.
Our tests showed that WTI oil spreads were 0.03, which is an attractive spread level. The broker also offers solid research and educational support. Editorial materials include a wide range of video tutorials that cover topics suitable for beginners and advanced traders. The broker also provides a large database of articles on technical analysis indicators and strategies.
Pros and Cons
- Multiple account types.
- 1,250+ instruments in forex, stocks, indices, commodities, and cryptocurrencies.
- Beginners-friendly proprietary mobile app.
- No alerts on the web platform.
- Pricing for retail accounts is average for the industry.
Best Order Execution
- $0Min Deposit
- 2090Tradable Instruments
- HighFees
Why We Picked It
FxPro is a London-based broker established in 2006. It offers over 2100 tradable instruments across different markets, including crude and Brent oil CFDs. FxPro stands out with superior execution standards and ultra-low execution speeds.
FxPro Oil Offering:
- Oil types: WTI Oil, Brent Oil
- Asset classes: CFD spot
- Average spreads: WTI Oil 0.04
- Leverage: Up to 1:10
Live testing revealed that FxPro achieves an average order execution speed of around 11 milliseconds, ranking the broker in the top tier of low-latency brokers. FxPro also maintains that 84% of client orders are filled at the requested price or better, thus decreasing the risk of negative slippage.
Oil traders can benefit from FxPro’s superior No Dealing Desk (NDD) execution model. FxPro boasts one of the biggest daily volumes in the industry, and because of this high turnover, the broker is capable of matching buyers and sellers internally almost instantaneously.
FxPro also impresses with its diverse trading software. Its flagship FxPro Trading Platform cuts a fine look with its smooth interface and high-definition charts. This makes it a great choice for examining crude oil price action. The broker also offers its clients a choice by incorporating the renowned MT4, MT5, and the advanced cTrader.
With respect to FxPro’s fees, I assessed that the broker’s crude oil spread is average when stacked against the industry average. The commodity can be traded on FxPro’s Standard account with zero commissions.
Pros and Cons
- Ultra-fast order execution speed
- Free VPS hosting
- Access to deep liquidity
- Strong choice of trading platforms
- Inactivity fee
All the Brokers We Tested
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About the Authors
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
Aviva is a Senior Content Editor at FXEmpire. Her substantial contributions include refining over 150 broker reviews and 'Best Brokers Guides,' enhancing our proprietary methodology, and ensuring every fact is meticulously verified.
As a Senior Content Editor at FXEmpire, Ola has revised and fact-checked over 200 broker reviews and guides. Her profound understanding of financial markets has been crucial in developing the proprietary rating system.