Crude Oil Brokers Guide
Crude Oil Brokers
Crude oil is globally one of the largest industries and worth a trillions of dollars. The Middle Eastern countries mainly dominate the industry and the key producing countries include Saudi Arabia. The single largest consumer is the United States.
Crude oil brokers are licensed agencies and they act as intermediaries in arranging 'buy' and 'sell' of crude oil commodities.
Usually, crude oil brokers are energy companies or crude oil manufacturers who negotiate higher sale and buy prices.
Individual retail investors can take advantage of rising and falling crude oil prices by trading with online crude oil brokers who offer traders execution services for future contracts or crude oil CFDs.
Crude Oil Trading
The crude oil market is composed of investors, speculators and a few other participants. Its pricing is volatile based on geopolitical forces. In July 2008 the crude oil prices exploded to all-time high. The price of one barrel of crude oil then was hiked to $145.31. Since then it fluctuated greatly, between $32 and $112.
The crude oil market started in the 70s. Saudi Arabia then raised the price of each barrel to more than $100. Over the next decade, a decline began due to an increase in oil supplies. In 1998 the price was slashed down to as low as $10 per barrel.
Things To Consider
Your crude oil brokerage will facilitate trading in crude oil futures or crude oil CFDs.
We list below are some important things when considering investing in crude oil:
Research the market in your own way as the crude oil market is highly volatile due to geopolitical events that directly affect the production and impact the market.
Planning is mandatory. You need to plan your crude oil trade properly. Make an outline of your investment strategy, equipped with an outline of how you will entering and exit your trade. This applies for both futures and crude oil CFDs.
You should be well aware of the amount of risk to be taken on each crude oil trade.
Many crude oil brokers offer demo account to traders. You should register multiple demo accounts with many brokers. This will help you to get used to the differing brokerage platforms and help you testing your plan before trading with real money.
Educate yourself to the various crude oil broker tools and make full use of broker educational resources.
Make sure you are very careful when trading in crude oil as the market is volatile. Use trading tools like stop loss in your investment strategy so that the risk is minimized.
Crude Oil Brokers Verdict
As the crude oil market is highly volatile, it is strongly suggested to deal with one of the most professional crude oil brokers who know the industry and can predict the futures to some extent.
It is also suggested to do some research at your end so that you can verify whether the steps of crude oil brokers are fit and fine.
We've collected thousands of datapoints and written a guide to help you find the best Best Crude Oil Brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best crude oil brokers below. You can go straight to the broker list here.
Reputable Crude Oil Brokers Checklist
There are a number of important factors to consider when picking an online Crude Oil trading brokerage.
- Check your Crude Oil broker has a history of at least 2 years.
- Check your Crude Oil broker has a reasonable sized customer support of at least 15.
- Does the Crude Oil broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Crude Oil broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Crude Oil broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Crude Oil broker can hire people from various locations in the world who can better communicate in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering Crude Oil Brokers.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Crude Oil Brokers.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Crude Oil Brokers of 2020 compared
Here are the top Crude Oil Brokers.
Compare Crude Oil Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are crude oil brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more crude oil brokers that accept crude oil clients
| Broker |
eToro
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IC Markets
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Trading212
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XTB
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FP Markets
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Pepperstone
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Plus500
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FXPrimus
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Roboforex
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EasyMarkets
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| Rating | ||||||||||
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Min Deposit | 200 | 200 | 1 | No minimum deposit | 100 | 200 | 100 | 100 | 1 | 100 |
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| Used By | 12,000,000+ | 60,000+ | 14,000,000+ | 250,000+ | 10,000+ | 10,000+ | 15,500+ | 10,000+ | 10,000+ | 142,500+ |
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| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
| Support |
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| Learn More |
Sign
Up with etoro |
Sign
Up with icmarkets |
Sign
Up with trading212 |
Sign
Up with xtb |
Sign
Up with fpmarkets |
Sign
Up with pepperstone |
Sign
Up with plus500 |
Sign
Up with fxprimus |
Sign
Up with roboforex |
Sign
Up with easymarkets |
| Risk Warning | 75% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. | 80% 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. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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 | 80.5% 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 your money. | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk |
| Demo |
eToro Demo |
IC Markets Demo |
Trading 212 Demo |
XTB Demo |
FP Markets Demo |
Pepperstone Demo |
Plus500 Demo |
FXPrimus Demo |
Roboforex Demo |
easyMarkets Demo |
| Excluded Countries | US, IR, KP, BE, CA, JP, SY, TR, IL, HK | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US | US, IN, PK, BD, NG , ID, BE | US, JP, NZ | BR, KR, IR, IQ, SY, JP, US | BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, JP | US |
All Crude oil brokers in more detail
You can compare Crude Oil Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Crude Oil Brokers for 2020 article further below. You can see it now by clicking here
We have listed top Crude oil brokers below.
Crude Oil Brokers Table of Contents
- Crude Oil Brokers Explained
- 6 Factors to Consider when Choosing Crude Oil Brokers
- Are Your Crude Oil Brokers Trusted And Established?
- Are The Crude Oil Brokers World Leading?
- What are the Crude Oil Brokers Commissions and Fees?
- What are the Crude Oil Brokers Funding and Withdrawl Methods?
- Find Crude Oil Brokers with Round-the-clock support?
- Make sure the Crude Oil Brokers Offer Comprehensive Trader resources?
- Why do Crude Oil Brokers need to be regulated?
- Crude Oil Brokers FAQ
- What are the best Crude oil brokers?
- What is the best Crude oil broker?
- Related Crude Oil Brokers Reviews
- Related Crude Oil Brokers Alternatives
- Related Crude Oil Brokers Comparisons
Crude Oil Brokers Explained
Trading the financial markets with Crude Oil Brokers when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Crude Oil Brokers is the platform that a Crude Oil Brokers offer.
Choose Crude Oil Brokers that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Crude Oil Brokers that you can rely on.
6 Factors to Consider when Choosing Crude Oil Brokers
Follow these five rules for selecting a broker that's right for you:
Are Your Crude Oil Brokers Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Crude Oil broker is eToro. Established in 2006, and in operation for 12 years eToro have a head office in Cyprus, UK.
eToro is regulated. This means eToro are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is IC Markets.
IC Markets was established 2007, and in operation for 12 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
eToro
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IC Markets
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Trading212
|
XTB
|
FP Markets
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Pepperstone
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| Year Established | 2006 | 2007 | 2006 | 2002 | 2005 | 2010 |
| Head Office | Cyprus, UK | Australia | UK | Poland | Australia | Australia |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 |
| Used By | 12,000,000+ | 60,000+ | 14,000,000+ | 250,000+ | 10,000+ | 10,000+ |
| Negative balance protection | No | Yes | Yes | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | Yes | No | No | No |
| Learn More | Visit eToro | Visit IC Markets | Visit Trading 212 | Visit XTB | Visit FP Markets | Visit Pepperstone |
| Risk Warning | 75% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. | 80% 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. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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 |
Are The Crude Oil Brokers World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. eToro Segregates clients funds and offers over 100 instruments. eToro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, eToro supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. eToro is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Crude Oil Brokers is IC Markets . IC Markets Segregates clients funds and offers over 232 instruments.
| Broker |
eToro
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IC Markets
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Trading212
|
XTB
|
FP Markets
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Pepperstone
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| Instruments Available | 100 | 232 | 3000 | 1,500 | 100 | 100 |
| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
| Excluded Countries | US, IR, KP, BE, CA, JP, SY, TR, IL, HK | US | US | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | US, JP, NZ | BR, KR, IR, IQ, SY, JP,US |
| Forex pairs offered | 50 | 65 | 177 | 50 | 60 | 70 |
| Forex pairs offered | 50 | 65 | 177 | 50 | 60 | 70 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies | Yes | Yes | Yes | Yes | Yes | Yes |
| Commodities Offered | 0 | 19 | 14 | 21 | 18 | 16 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes | Yes | Yes | No |
| Stocks Offered | 957 | 100 | 1731 | 1696 | 10000 | 60 |
| UK Shares | Yes | No | Yes | Yes | Yes | No |
| US Shares | Yes | Yes | Yes | Yes | Yes | No |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | No |
What are the Crude Oil Brokers Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Crude Oil broker eToro offers competitive offers for Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency. eToro minimum deposit is 200.
Another top rated Crude Oil broker IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
| Broker |
eToro
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IC Markets
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Trading212
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XTB
|
FP Markets
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Pepperstone
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| Min Deposit | 200 | 200 | 1 | 0 | 100 | 200 |
| Withdrawl Fees | Yes | No | No | varies | No | No |
| Inactivity Fees | Yes | No | No | No | No | Yes |
| Deposit Fees | No | Varies | No | No | Yes | No |
| CFD Commission Fees | No | Yes | No | Yes | Yes | Yes |
What are the Crude Oil Brokers Funding and Withdrawal Methods?
When dealing with Crude Oil Brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
eToro
|
IC Markets
|
Trading212
|
XTB
|
FP Markets
|
Pepperstone
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | Yes | Yes | Yes |
| Skrill | Yes | Yes | Yes | Yes | Yes | Yes |
| Payoneer | Yes | No | Yes | No | Yes | |
| Neteller | Yes | Yes | No | Yes | Yes | Yes |
Find Crude Oil Brokers with Round-the-clock support?
Customer service is very important when dealing with Crude Oil Brokers.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Crude Oil Brokers customer support can include Phone answering services, Live chat support and Email customer service support.
eToro support a wide range of languages including English, German, Spanish, French, and Italian
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
eToro and IC Markets offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
eToro
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IC Markets
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Trading212
|
XTB
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FP Markets
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Pepperstone
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| Support |
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| Languages | English, German, Spanish, French, and Italian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文 | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |
| Learn More | Visit eToro | Visit IC Markets | Visit Trading 212 | Visit XTB | Visit FP Markets | Visit Pepperstone |
| Risk Warning | 75% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. | 80% 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. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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 |
Make sure the Crude Oil Brokers Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, eToro and IC Markets work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why do Crude Oil Brokers need to be regulated?
A regulated Crude Oil broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Crude Oil brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Crude Oil Brokers List
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account