7 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.
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
Best Brokers for US Traders
Best Brokers for International Traders
*AvaTrade doesn’t allow CFD trading in Spain; only Futures are available.
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.
Our team of experts has identified brokers’ strengths and weaknesses using FXEmpire’s comprehensive methodology.
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
- $200Min Deposit
- 2239Tradable 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
Best Overall in the US
- $10Min Deposit
- 64Tradable Instruments
- LowFees
Why We Picked It
Established in 2008, Plus500 is listed on the London Stock Exchange and regulated by the CFTC and NFA. It launched its futures trading service for U.S. residents in 2022. The trading platform offers a user-friendly interface to trade multiple oil futures contracts with competitive fees.
Plus500 US Oil Offering:
- Oil types: Crude Oil, Brent Crude Oil, Heating Oil, RBOB Gasoline, E-mini Crude Oil, Micro WTI Crude Oil
- Asset classes: Futures
- Margin: From $80 per contractPlus500 US offers the full spectrum of asset classes for futures trading. This includes energy, metals, agriculture, forex, cryptocurrencies, equity indices, and interest rates. The six energy contracts offer a diverse range of oil markets with competitive fees. Standard contract fees are $0.89, and micro contracts are $0.49. There are zero platform, routing, deposit, withdrawal, or inactivity fees.
The Futures Trading App and WebTrader platforms are easy to use and cater to beginners. There are over 100 technical indicators, 11 timeframes, multiple chart types, and the option to have multiple charts on one screen. The broker’s Futures Trading Academy offers an excellent array of materials to learn more about the ins and outs of trading energy futures.
The above information is NOT relevant to EU residents. EU residents are to be serviced by European-regulated subsidiaries of the Plus500 Group, such as Plus500CY Ltd, which is authorized and regulated by CySEC, license No 250/14. Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.
Pros and Cons
- High investor protection through CFTC and NFA
- Good selection of trading platforms.
- No inactivity fee.
- Proprietary mobile app is limited.
Meet Our Experts
The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later, Dan gained insight into the forex industry during his time as a Series 3 licensed futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
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.
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.
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.
Why you can trust FXEmpire
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.