6 Best Forex Brokers for Energy Trading: 2026 Edition

For international traders, my top pick for trading energy is XTB. Founded in 2002 and listed on the Warsaw Stock Exchange, I found a large range of over 11,100 trading and investing products covering energy CFDs, stocks and ETFs, which are tradable from its proprietary xStation 5 platform. 

Energy Trading Features:

• Products: WTI Crude Oil, Brent Crude Oil, Gasoline, Natural Gas US, Natural Gas EU, Low Sulphur Gas Oil, Carbon Emissions
• Fees for WTI Crude Oil: 0.06 pips, Zero Commission
• Trading Platforms: xStation 5 Web & Mobile App

I was impressed with the number of markets and investing products available with XTB. I discovered over 11,100 trading and investing instruments covering CFDs on all asset classes and real shares. In my experience, having access to multiple asset classes can be useful when using hedging strategies, as you can invest in energy stocks or ETFs and also short the oil market to hedge against declines in the portfolio. 

I also found the broker’s proprietary xStation 5 platform impressive, which includes price alerts, customisable watchlists, one-click trading, depth-of-market (DOM), 38 technical indicators, 9 timeframes and 5 chart types. I enjoyed using the built-in market research, the economic calendar, the news screener and the heatmap tools which are useful to know what’s happening in the market.

For traders seeking professional tools, then my top pick would be FP Markets. I found over 10,000 tradable instruments, including energy CFDs, futures, and stocks available to trade on from MT4, MT5, cTrader, TradingView, and IRESS. I also discovered professional tools like MAM/PAMM accounts for investment managers and a Traders Toolbox with extra MetaTrader indicators. 

Energy Trading Features:

• Products: WTI Crude Oil, Brent Oil, Natural Gas
• Fees for WTI Crude Oil: 0.04 pips, Zero Commission
• Trading Platforms: MT4, MT5, cTrader, TradingView, IRESS

I was impressed by the number of trading platforms aimed toward professional traders. The MT4/MT5 platforms are great for automated traders and investment managers who can use MAM/PAMM accounts with these platforms to manage investor funds. I find cTrader useful for fast-timeframe trading with its one-click execution, built-in risk management calculators, and copy trading feature. The TradingView platform can be useful for professionals to share trading ideas and utilise its large social trading community. For traders in energy stocks, the IRESS platform offers Direct Market Access (DMA) to the stock exchange, resulting in fast execution and tight spreads. 

FP Markets also offers the Traders Toolbox, a package of additional indicators for the MT4/MT5 platforms that I found really useful. I was most impressed by the correlation matrix indicator, which helps quickly identify which markets are correlated with one another, as oil prices can be correlated with the direction of the US dollar and the Canadian dollar. I found the insights from Trading Central and Autochartist helpful in staying up to date on all the latest market news and research.

If you’re a short-term day trader or scalper and require the best order execution, then FxPro would be my top pick. Founded in 1999, I found that FxPro offers fast execution speeds, a No Dealing Desk (NDD) execution model, and zero requotes to trade over 2,100 CFDs from 6 top trading platforms. 

Energy Trading Features:

• Products: Crude Oil, Brent Oil, Natural Gas
• Fees for WTI Crude Oil: 0.05 pips, Zero Commission
• Trading Platforms: MT4, MT5, cTrader, TradingView, FxPro WebTrader, FxPro Mobile

I found that the execution venue for FxPro is the Equinix LD4 London data centre, which allows the broker to achieve average execution speeds of 8-11 milliseconds. As the broker aggregates quotes from different top-tier liquidity providers and operates a no-dealing-desk execution model, spreads can sometimes start from 0.0 pips, produce minimal slippage, and zero requotes – all key ingredients for short-term, fast-paced trading. 

The range of trading platforms is also very impressive. For the best order execution, my option would be cTrader, as the platform is specifically designed to accommodate short-term trading styles such as scalping, day trading and automated trading. I was impressed with the Level 2 Depth-of-Market (DoM) indicator and trailing stop-loss feature which is server-side, allowing you to close the platform with it still running. 

If you’re seeking the best low-spread broker, then my top pick is AvaTrade. Founded in 2006, I found spreads on trading WTI Crude Oil at almost half the industry average, with zero commission. With over 1,250 CFDs, futures and options to trade on from 6 top trading platforms, AvaTrade is a top broker to consider.  

Energy Trading Features:

• Products: Crude Oil, Brent Oil, Heating Oil, Gasoline, Natural Gas
• Fees for WTI Crude Oil: 0.02 pips, Zero Commission
• Trading Platforms: MT4, MT5, Ava Web Trader, AvaTrade App, AvaSocial

During my live fee test, I was impressed with how competitive AvaTrade’s fees are. I discovered an average spread of 0.02 pips on WTI Crude Oil during the London and New York trading sessions, which beats the industry average of 0.039 pips for a commission-free trading account. 

The test also showed that spreads were generally low on forex and commodity markets, with average spreads on share CFDs and indices. I also discovered that the overnight swap fee is below the industry average, which makes AvaTrade ideal for both short-term and long-term traders.  The AvaSocial app also deserves a mention as I found it a great way to easily copy trades of other successful traders and communicate with them. I found there are many energy-only traders on there, which is useful for beginner traders to learn more and advanced traders looking for diversification.

If you’re seeking a top, proprietary trading platform, you should consider Plus500. Founded in 2008 and listed on the London Stock Exchange, I found the Plus500 WebTrader and Mobile App feature-rich with over 2,800 CFDs and options CFDs, a wide variety of chart types, technical indicators and useful tools like its +Insights analytics.

Energy Trading Features:

• Products: Crude Oil, Brent Oil, Heating Oil, Gasoline, Low Sulphur Gasoil, Natural Gas, Carbon CFDs and Oil/Natural Gas Options CFDs
• Fees for WTI Crude Oil: 0.04 pips, Zero Commission
• Trading Platforms: Plus500 WebTrader and Plus500 App

During my live test, I found the Plus500 trading platform a breeze to use. Browser-based, I found 20 chart types, over 100 technical indicators, multiple chart views, a built-in trailing stop-loss order, price alerts, and +Insights analytics, which show sentiment data on how many traders are long or short in the market. The trailing stop function is also useful as it’s server-side which means you can close the platform and it will till run. 

The number of CFDs available covers all available energy markets, but what I found most impressive is the ability to trade oil and natural gas options CFDs. On the platform, I found a wide variety of put and call options for these markets, which is useful for dealing with the volatility of energy markets. With put and call options, there are no stop losses needed, as your loss is the premium you pay up front to open the options contract. This is useful because stop losses can easily be triggered during the large price swings the energy markets produce. 

For beginner traders starting out in the energy market, my top pick is eToro. Founded in 2007, I found the eToro Academy one of the most comprehensive resources of trader education in the market, supporting the trading of its 7,330+ tradable instruments, enhanced copy trading service and proprietary trading platform. 

Energy Trading Features:

• Products: Crude Oil, Brent Oil, Heating Oil, Gasoline, Natural Gas US, Natural Gas EU, Natural Gas UK, Carbon Emissions, Low Sulphur Gas Oil CFDs and Futures
• Fees for WTI Crude Oil: 0.06 pips, Zero Commission
• Trading Platforms: eToro Web Trader, Delta App

After going through the content in the eToro Academy, I found it to be an excellent resource for beginner traders, with several hundred courses, lessons, and articles covering technical analysis, fundamental analysis, and trading psychology. For beginners, I would recommend starting with the Invest in Commodities course, which has 8 individual lessons covering the basics of commodity trading. 

I found that eToro’s standout feature is the built-in copy trading service where you can view the performance of other traders and have their trades copied onto your own account at the click of a button. I also enjoyed using the eToro platform’s charts which are powered by TradingView, which makes them easy to use and offers 13 chart types, 75 drawing tools and over 100 technical indicators.