Best Crude Oil Brokers for 2024
We found 11 online brokers that are appropriate for Trading Crude Oil.
Crude Oil Brokers Guide
Analysis by Andrew Blumer, Updated and fact checked by Senad Karaahmetovic, Last updated - April 14, 2024
Crude Oil Brokers
As an experienced oil trader, I understand the crucial role crude oil brokers play in the complex interplay of the oil markets. These licensed facilitators bridge the gap between buyers and sellers, their market acumen instrumental in securing favorable transactions. Trading crude oil is a strategic maneuver through various financial instruments, including futures contracts for predetermined prices, options contracts for conditional trades, Contracts for Difference (CFDs) based on price movements, and Exchange-Traded Funds (ETFs) reflecting broader market trends. Each instrument demands a nuanced understanding and a strategic approach honed over years of experience.
Choosing the right crude oil broker requires careful consideration of several key factors. Paramount is regulatory compliance; a broker overseen by a respected financial authority fosters trust and reliability. The broker's track record, a testament to their expertise and market insight, is another critical factor. Careful analysis of fees and commissions ensures the chosen broker aligns with your trading strategy and budget. The user-friendly and robust trading platform should be equipped with the tools necessary for informed decision-making. Finally, responsive and knowledgeable customer support serves as a valuable safety net, providing guidance and resolution when the unpredictable oil markets challenge your resolve.
Best Crude Oil Brokers
IC Markets
As a seasoned trader, I find IC Markets particularly compelling for crude oil trading due to its superior execution speed and tight spreads. The advanced trading platforms like MT4 and cTrader offer real-time data and analysis tools essential for making informed decisions in the volatile oil market. Furthermore, IC Markets' low latency and robust infrastructure ensure that my trades are executed swiftly, a crucial factor during market spikes caused by geopolitical events affecting oil prices.
RoboForex
RoboForex's ultra-competitive spreads and high leverage options are a boon for crude oil traders like me, who aim to maximize returns from price fluctuations. The platform's ability to provide nearly zero spreads means that my trading costs are minimized, which is especially beneficial given the frequent and rapid price changes in the oil market. RoboForex's adaptability across devices ensures that I can respond to market news and adjust my positions irrespective of my location.
eToro
eToro's unique social trading platform is particularly advantageous for crude oil traders who are looking to leverage collective intelligence and insights. The CopyTrading feature allows me to mirror the strategies of successful oil traders, which is invaluable during volatile market conditions. Moreover, eToro's large user base enhances the diversity of trading strategies and insights available, making it easier to navigate the complexities of the oil market.
XTB
XTB's comprehensive suite of research tools and educational resources make it an ideal broker for crude oil trading. The platform's in-depth analysis tools allow me to closely monitor market trends and geopolitical events that can impact oil prices. Moreover, XTB's educational resources are invaluable for staying informed about the latest developments in the oil market, ensuring that my trading strategies are based on current and accurate information.
XM
XM stands out for its exceptional customer support and wide range of trading instruments, making it an excellent choice for crude oil traders. The broker's robust support system ensures that any issues or queries I have regarding oil trading can be promptly addressed, allowing me to focus on market analysis and strategy. Furthermore, XM's variety of trading instruments enables me to diversify my portfolio and hedge my oil positions effectively.
Pepperstone
Pepperstone's focus on customer satisfaction and diverse trading options make it a top choice for crude oil trading. The broker's commitment to tight spreads and low slippage ensures cost-effective trading, which is crucial for managing the risks associated with oil price volatility. Additionally, Pepperstone's array of trading platforms allows for tailored trading strategies, catering to the dynamic needs of the oil market.
AvaTrade
AvaTrade's versatility and community-focused platforms like AvaSocial make it an attractive broker for crude oil traders. The ability to engage with a community of traders allows for a shared trading experience, which is invaluable in deciphering complex market dynamics affecting oil prices. Moreover, the range of funding and withdrawal options AvaTrade offers ensures that I can manage my capital efficiently, adapting quickly to the fast-paced oil trading environment.
FP Markets
FP Markets is a technologically advanced broker that caters well to the needs of crude oil traders. The enhanced features of MetaTrader platforms provided by FP Markets facilitate in-depth analysis and efficient trading. The competitive spreads and a wide range of trading options available make it an excellent choice for adopting various strategies in the oil market, from long-term investments to day trading, ensuring that I can capitalize on market opportunities as they arise.
Crude Oil Futures Trading With A Broker
- Investor: You, with an initial investment of $10,000.
- Market: Crude oil futures market (e.g., NYMEX for WTI Crude Oil Futures).
- Contract Size: Each standard futures contract represents 1,000 barrels of crude oil. Mini contracts with smaller volume (e.g., 500 barrels) might be available at some brokers.
- Initial Price: $81.95 per barrel.
With $10,000 and crude oil at $81.95/barrel, you buy 1 futures contract using a portion (depending on broker requirements) as margin. If the price increases to $90 per barrel, you sell the contract for a potential profit, increasing your margin. However, if the price drops to $70 per barrel, selling the contract would result in a loss, potentially consuming your entire margin.
Crude Oil CFD Trading With A Broker
In CFD trading, you speculate on the price movement of crude oil without owning the underlying asset. Starting with $10,000, you open a position equivalent to 1,000 barrels at $81.95 per barrel.
If the price rises to $90, closing the position yields a profit similar to futures trading, considering equal leverage and market movement. Conversely, if the price falls to $70, the resulting loss would also mirror that of futures trading under similar conditions.
Potential Crude Oil Trading Outcome
Both trading strategies can lead to significant profits or losses, with your initial investment having the potential to either double in the case of favorable market movements or be entirely lost if the market moves against your position. Total equity after trading would be $20,000 or $0, minus any applicable fees, depending on the market outcome.
Important Crude Oil Considerations
Leverage amplifies both profits and losses, making it essential to understand each trading type's nuances, market volatility, costs, and regulatory obligations to mitigate risks and enhance the chances of successful trading.
Additional Crude Oil Trading Considerations:
Some brokers offer mini crude oil futures contracts which represent a smaller volume (e.g., 500 barrels) and might be more suitable for traders with less capital. It's important to emphasize the high-risk nature of leveraged trading, both with futures and CFDs.
Crude Oil Industry
The crude oil industry is a cornerstone of the global economy, providing the primary energy source for transportation, manufacturing, and electricity generation. It encompasses the exploration, extraction, refining, and marketing of crude oil, a natural fossil fuel formed from ancient organic materials. The industry is characterized by its complex global supply chain and is influenced by geopolitical, environmental, and economic factors.
Significant players in the crude oil industry include multinational corporations, state-owned enterprises, and independent producers, operating across continents. The industry is subject to fluctuating prices, driven by supply and demand dynamics, technological advancements, and political instability in key oil-producing regions like the Middle East, North America, and Russia. The advent of hydraulic fracturing and horizontal drilling has unlocked new reserves, reshaping the industry's landscape and altering global market dynamics.
Environmental concerns and the transition towards renewable energy sources present challenges and opportunities for the industry. Efforts to reduce carbon emissions and mitigate climate change are prompting investments in cleaner technologies and alternative energy. Despite these shifts, crude oil remains integral to meeting the world's energy demands, with its derivatives used in countless products from fuels to pharmaceuticals. The industry's future will likely involve balancing economic growth with environmental stewardship and adapting to evolving energy consumption patterns.
Individual investors can participate in the crude oil market by trading derivatives like futures contracts or Contracts for Difference (CFDs) offered by online brokers. These derivatives track the price of oil but don't involve the physical delivery of oil itself.
What is Moving Crude Oil Prices
Oil prices are influenced by a complex interplay of factors that can shift due to geopolitical, economic, and environmental conditions. Understanding these factors can provide insights into the fluctuations in oil prices:
Supply and Demand Dynamics: Fundamental to oil prices, any change in global supply (due to production increases or decreases) or demand (influenced by economic growth or contraction) can lead to price adjustments.
Geopolitical Tensions: Political instability in oil-producing regions can create supply disruptions or fears of such disruptions, pushing prices up. Conversely, resolutions to such tensions can lead to price decreases.
OPEC Decisions: The Organization of the Petroleum Exporting Countries (OPEC) has significant influence over global oil prices through its production quotas. Decisions to cut or increase production often lead to immediate price reactions.
Economic Indicators: Global economic indicators, such as GDP growth rates, manufacturing data, and employment figures, influence oil demand forecasts and, consequently, prices.
Currency Fluctuations: Oil is globally traded in U.S. dollars. Therefore, fluctuations in the dollar's value can affect oil prices. A stronger dollar makes oil more expensive for holders of other currencies, potentially reducing demand and lowering prices, and vice versa.
Market Speculation: Traders’ perceptions of future price movements can influence current oil prices. Speculative trading in futures markets based on expectations of supply, demand, or geopolitical events can cause price volatility.
Technological Advances: Innovations in extraction and production technologies, such as hydraulic fracturing and deep-water drilling, can alter supply dynamics by making previously inaccessible reserves viable, potentially lowering prices.
Environmental Policies and Climate Change Initiatives: Global initiatives aimed at reducing carbon emissions and promoting renewable energy sources can impact the long-term demand for oil, influencing prices.
Extreme Weather And Disasters: Oil production can be disrupted as well as oil transportation networks, leading to price rises as oil availability is reduces.
Storage and Transportation Capacity: Limitations in storage and transportation infrastructure can lead to supply bottlenecks, impacting prices, especially in regions far from production sites.
By analyzing these factors, market participants can gain a better understanding of potential trends and movements in oil prices, helping them make informed decisions in the energy markets.
A Closer Look at OPEC+
OPEC (Organization of the Petroleum Exporting Countries) and OPEC+ are both influential entities in the global oil market, with their decisions significantly impacting oil production levels and prices. Here's an overview of each and the main differences between them:
OPEC
As someone deeply immersed in the crude oil trade, I've come to appreciate the foundational role OPEC plays in the global oil landscape. Originating back in 1960 in Baghdad, this consortium was initially formed by key oil-rich nations including Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. Over the years, it's expanded to encompass 12 member countries, with a significant presence in the Middle East, Africa, and South America.
OPEC+
OPEC+ is an expanded collaboration that includes OPEC member countries and additional non-OPEC oil-producing nations. This coalition was formed to address the need for broader cooperation among oil-producing countries to better manage the global oil supply and influence prices. The most notable non-OPEC member of OPEC+ is Russia, along with other significant producers like Kazakhstan and Mexico. [Check for latest number of OPEC+ member countries] As of my last update, OPEC+ consists of 23 countries in total.
Main Differences
Membership: The primary difference is their membership. OPEC is a more exclusive group of 13 oil-exporting countries, while OPEC+ includes these OPEC members plus 10 additional non-OPEC oil-producing countries.
Crude Oil Trading
Engaging in crude oil trading means navigating the complex world of oil contracts within the global markets. This arena is highly influenced by the pulse of the global economy, geopolitical tensions, and technological progress. As traders, we delve into this dynamic environment through mechanisms like futures contracts and Contracts for Difference (CFDs), which mirror oil price movements without necessitating the physical transfer of the commodity.
Market research is indispensable in this volatile landscape. Geopolitical shifts can significantly disrupt oil production and prices, so a deep dive into market fundamentals equips traders with the foresight needed to navigate these turbulent waters. Crafting a robust trading plan is equally crucial, delineating clear entry and exit points for trades and whether to employ futures or CFDs. This plan is your compass in the vast oil trading sea, guiding your journey through calm and stormy weather alike.
Understanding and managing risk is crucial in the oil market's volatile environment. The high stakes involved necessitate a cautious approach to mitigate potential losses from the market's unpredictable nature. Utilizing demo accounts can serve as a valuable rehearsal space, allowing for strategy refinement and platform acclimatization without financial peril. Moreover, leveraging the wealth of resources and educational materials provided by brokers can enhance your trading acumen, arming you with knowledge and tools essential for success.
In confronting the market's inherent volatility, employing risk management tools such as stop-loss orders can be a bulwark against severe losses, ensuring that a single tumultuous wave doesn't capsize your trading vessel. In the ever-shifting tides of crude oil trading, a blend of meticulous research, strategic planning, and prudent risk management is the seasoned trader's formula for navigating towards prosperous horizons.
How to Select a Crude Oil Broker
Selecting a crude oil broker involves careful consideration to ensure that your trading needs and goals are met. Here's a guide to help you choose the right broker for trading crude oil:
Regulatory Compliance: Ensure the broker is regulated by a reputable financial authority. This ensures they adhere to strict standards and offers a degree of protection to your investments.
Broker's Reputation and Experience: Research the broker’s track record and reputation within the industry. Experience in the crude oil market is crucial due to its specific complexities and volatility.
Trading Platform and Technology: The broker should offer a robust, user-friendly trading platform that provides real-time data, advanced charting tools, and efficient execution. Mobile trading capabilities are also essential for managing trades on the go.
Market Access and Trading Options: Verify that the broker provides access to the major crude oil markets and a variety of trading instruments, such as futures, options, and CFDs, allowing for flexibility in your trading strategy.
Fees and Commissions: Understand all associated costs, including spread, commission, and any additional fees for account maintenance or inactivity. Competitive pricing can significantly impact overall profitability.
Customer Service and Support: Good customer support is vital, especially in fast-moving markets. Ensure the broker offers reliable, accessible support through various channels and provides educational resources for traders.
Risk Management Tools: The broker should offer comprehensive risk management tools, including stop-loss orders and limit orders, to help protect your investments against the market's volatility.
Research and Analysis: Access to quality market analysis and news specific to the crude oil sector can provide valuable insights for making informed trading decisions.
Account Types and Requirements: Consider the types of accounts offered and ensure they match your investment size and risk tolerance. Check for minimum deposit requirements and leverage options.
Security Measures: Confirm that the broker employs stringent security measures to protect your account and personal information.
Selecting a crude oil broker is a critical decision that should align with your trading style, objectives, and risk tolerance. Take the time to research and compare brokers, considering the above factors, to find one that best suits your needs in the crude oil market.
Choosing the Right Crude Oil Broker
Selecting the right crude oil broker is crucial for navigating the volatile oil market effectively. The ideal broker should be well-regulated, ensuring reliability and security for traders. They must offer a sophisticated, user-friendly trading platform equipped with real-time data, analytical tools, and access to a variety of oil trading instruments like futures, options, and CFDs.
Competitive fees, comprehensive educational resources, and responsive customer support are also crucial. Moreover, brokers that provide in-depth market analysis and insights can give traders an edge.
Ultimately, the best crude oil broker balances these features with transparent pricing to meet the specific needs and goals of individual traders, enabling strategic decision-making in a complex market.
We have conducted extensive research and analysis on over multiple data points on Best Crude Oil Brokers to present you with a comprehensive guide that can help you find the most suitable Best Crude Oil Brokers. Below we shortlist what we think are the best crude oil brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Best Crude Oil Brokers.
Reputable Crude Oil Brokers Checklist
Selecting a reliable and reputable online Crude Oil trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Crude Oil more confidently.
Selecting the right online Crude Oil trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
- Ensure your chosen Crude Oil broker has a solid track record of at least two years in the industry.
- Verify that the Crude Oil broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the Crude Oil broker operates under the regulatory framework of a jurisdiction that can hold it accountable for any misconduct or resolve disputes fairly and impartially.
- Ensure that the Crude Oil broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for Crude Oil brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the Crude Oil broker can hire staff from diverse locations worldwide who can communicate fluently 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.
Compare Key Features of Crude Oil Brokers in Our Brokerage Comparison Table
When choosing a broker for crude oil trading, it's essential to compare the different options available to you. Our crude oil brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
- Minimum deposit requirement for opening an account with each crude oil broker.
- The funding methods available for crude oil with each broker.
- The types of instruments you can trade with each crude oil broker, such as forex, stocks, commodities, and indices.
- The trading platforms each crude oil broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each crude oil broker affects the cost of trading.
- The level of customer support each crude oil broker offers, including their availability, responsiveness, and quality of service.
- Whether each crude oil broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
By comparing these essential features, you can choose a crude oil broker that best suits your needs and preferences for crude oil. Our crude oil broker comparison table simplifies the process, allowing you to make a more informed decision.
Top 15 Crude Oil Brokers of 2024 compared
Here are the top Crude Oil Brokers.
Compare crude oil brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a crude oil broker, it's crucial to compare several factors to choose the right one for your crude oil needs. Our comparison tool allows you to compare the essential features 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 |
IC Markets
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Roboforex
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eToro
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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NordFX
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EasyMarkets
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SpreadEx
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| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) |
| Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 1 | 100 | 1 |
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| Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ | 142,500+ | 10,000+ |
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| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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| Learn More |
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Up with icmarkets |
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Up with roboforex |
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Up with etoro |
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Up with xtb |
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Up with xm |
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Up with pepperstone |
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Up with avatrade |
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Up with fpmarkets |
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Up with nordfx |
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Up with spreadex |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits |
| Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
NordFX Demo |
easyMarkets Demo |
SpreadEx Demo |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, CA, EU, RU, SY, KP, CU | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR |
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 2024 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 Crude Oil Brokers needs 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 volatile financial markets with Crude Oil Brokers can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by Crude Oil Brokers to ensure a successful trading experience.
Selecting Crude Oil Brokers at the forefront of innovation and considered an industry leader is crucial. Doing so will ensure you are equipped with the tools and features to navigate volatile Crude Oil markets effectively.
Reliability is key to gaining access to financial markets. Look for Crude Oil Brokers that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with Crude Oil Brokers confidently.
6 Factors to Consider when Choosing Crude Oil Brokers
Follow these five rules for selecting Crude Oil Brokers that are right for you:
Are Your Crude Oil Brokers Trusted And Established?
Search for a reputable Crude Oil Brokers with a extensive proven track record for Crude Oil, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated Crude Oil broker is IC Markets. Established in 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 Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is Roboforex.
Roboforex was established 2009, and in operation for 9 years Roboforex have a head office in Belize.
Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
IC Markets
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Roboforex
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eToro
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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| Year Established | 2007 | 2009 | 2007 | 2002 | 2009 | 2010 | 2006 | 2005 |
| Head Office | Australia | Belize | Cyprus, UK | Poland | Cyprus | Australia | Ireland | Australia |
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) |
| Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | No | No | No |
| Learn More | Visit IC Markets | Visit Roboforex | Visit eToro | Visit XTB | Visit XM | Visit Pepperstone | Visit AvaTrade | Visit FP Markets |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits |
Are The Crude Oil Brokers World Leading?
Opt for Crude Oil Brokers that set themselves apart as an industry leader by actively embracing innovation. Take IC Markets as an example, which is renowned for Segregates clients funds and boasts an extensive array of 2250 tradable instruments. Moreover, IC Markets caters to the needs of its clients with both an online trading platform and a mobile application, making it incredibly convenient to access the markets from anywhere, at any time.
In addition, the IC Markets platform enables access to a variety of financial markets worldwide. IC Markets 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 Roboforex. Roboforex Segregates clients funds and offers over 100 instruments.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Instruments Available | 2250 | 100 | 5000 | 5600 | 1000 | 1200 | 1250 | 290 |
| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MG, MK, MO, UA, JO, KR, | 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, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ |
| Forex pairs offered | 61 | 35 | 50 | 57 | 55 | 70 | 55 | 70 |
| Forex pairs offered | 61 | 35 | 50 | 57 | 55 | 70 | 55 | 70 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | No | Yes | No | No | Yes | Yes | Yes |
| Commodities Offered | 20 | 21 | 31 | 21 | 15 | 16 | 17 | 18 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | No | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | No | Yes | Yes | No | Yes | Yes | Yes |
| Stocks Offered | 2100 | 0 | 2042 | 1696 | 160 | 1100 | 1000 | 10000 |
| UK Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
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 IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Crude Oil broker Roboforex offers Forex, CFDs. Roboforex minimum deposit is 10. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Min Deposit | 200 | 10 | 100 | 0 | 5 | 200 | 100 | 100 |
| Withdrawl Fees | No | Yes | Yes | varies | No | No | No | No |
| Inactivity Fees | No | No | Yes | Yes | Yes | No | No | No |
| Deposit Fees | Varies | No | No | No | No | No | No | Yes |
| CFD Commission Fees | Yes | No | Yes | Yes | No | Yes | No | Yes |
What are the Crude Oil Brokers Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with Crude Oil Brokers. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with Crude Oil Brokers.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | No | Yes | Yes | No | Yes | Yes | Yes |
| Skrill | Yes | No | Yes | Yes | No | Yes | No | Yes |
| Payoneer | No | Yes | No | Yes | No | Yes | Yes | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Find Crude Oil Brokers with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with Crude Oil Brokers.
Crude Oil Brokers customer service entails various support services to aid customers in making the most cost-effective and appropriate use of the brokers' services.
The customer support options offered by Crude Oil Brokers can include phone answering services, live chat support, and email customer service support.
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Roboforex support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
IC Markets and Roboforex offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Support |
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| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, German, Spanish, French, Italian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish | English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic | Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish | English, Arabic, Indonesian, Italian, Spanish, French, Russian, Chinese, Japanese, German, Portuguese, Thai, French, Malay, Greek, Vietnamese, Romanian, Turkish, Slovenian, Dutch, Polish, Finnish, Norwegian, Swedish, Serbian, Lithuanian, Hungarian, Galician, Estonian, Danish, Czech, Croatian, Bulgarian, Basque |
| Learn More | Visit IC Markets | Visit Roboforex | Visit eToro | Visit XTB | Visit XM | Visit Pepperstone | Visit AvaTrade | Visit FP Markets |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits |
Make sure the Crude Oil Brokers Offer Comprehensive Trader resources?
It's important to ensure your Crude Oil Brokers provide complimentary resources such as analysis, education, and risk management tools. IC Markets and Roboforex collaborate with top analysts to bring the most up-to-date news and insights to traders.
Sound risk and money management are vital to financial market navigation with Crude Oil Brokers. However, selecting the best broker to access the markets is a critical step that traders should not overlook as they embark on trading live financial markets with Crude Oil Brokers.
Why Crude Oil Brokers needs to be regulated?
Regulated Crude Oil Brokers lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated Crude Oil Brokers.
Consumers are protected by Crude Oil Brokers regulation, critical to preventing inadequate services and potential financial harm.
Regulation of Crude Oil Brokers is necessary to prevent fraud. The Crude Oil Brokers working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with Crude Oil Brokers is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
Crude Oil Brokers List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, AndroidCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic 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 ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account Pro Account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Web Trader, TradingView, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic 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 ECN accountIslamic account VIP account
Learn more
Losses can exceed deposits
Losses can exceed deposits