We found 11 online brokers that are appropriate for Trading Oil.
eToro oil trading is on the rise and if you take a look at the recent past, more and more traders have opted for it to earn better profits from the financial market and make money in the short term.
eToro is one of the best multi-asset platforms that accommodate trading of several financial instruments including commodities, currencies, stocks, and ETFs.
eToro oil trading is an important part of commodities trading on the platform as making money in the short term is comparatively easier.
Buying eToro oil is beneficial as the platform requires a small initial capital to start trading when other trading platforms seek a larger capital.
It also offers a comparatively better leverage level to support traders to earn several folds by investing in eToro oil.
The platform offers Spot CFD pricing on the product to enable traders to open positions which are not subject to such contracts that expire.
The price here is derived from the upcoming Futures contract that has the closest expiry date termed as Front. The second closest is referred to as the Next .
When the Future contract expires, the price offered is equal to the Front.
The same process applies for the Next also when the new contract expires. Here, the Next contract becomes Front month contract by default.
In between the Front and Next expiry points it is observed that the price moves along a curve irrespective of the market forces.
The eToro oil fee continues to adjust throughout the curve to offset profit or loss and it is credited or debited on day's movement.
Let us understand this with an example. The overnight rollover fees on 10 May 2020 were as below on new and open oil spot position:
For buy (long) & sell (short) positions respectively:
It is also good to note that the above brief corresponds to an upward sloping curve. The fees of both buy and sell will be just the opposite in a downward sloping curve.
During the closed market such as daily breaks or weekends the rates are not traded, but it can not be stopped with breaking announcements and news bulletins.
The effect is reciprocated when the market opens. The rate change will be significant compared to the previous closing rate.
Hence, eToro oil traders always suggest to consider such a phenomenon before opening new positions.
The rollover fees or refunds can change based on the global market conditions.
However, the change only affects the open positions. For such traders, it is important to keep updated with the current rollover fees or refunds to avoid any confusion.
The option to use a couple of folds of leverage on eToro oil trades. For the United Kingdom and Australian clients of the platform the leveraged positions are CFDs.
From August 2019 Margin Trading as used to leverage for the European clients. It excludes those who are residents of China.
It is important here to also note that the options are bought through Margin Trading to the eToro Wallet even though they buy from its platform.
Spreads of eToro oil are different from other instruments and basically it depends on the market conditions.
All the instruments respond differently. The instruments have more volatile results being prone to comparatively wider variations in the spread.
The spread of oil at the opening and closing positions also cannot be predicted, however, it is discovered that the eToro provides the best possible rates.
From our discussions it is understood why traders prefer eToro while trading oil. The platform offers best rates as it deals with the top liquidity providers.
The multi-asset platform helps newcomers to start trading in oil with a comparatively small capital than other platforms.
Leverage is available to all traders to help them make a greater profit. This is one of the primary reasons why people choose eToro to trade in oil.
However, traders are suggested to read all the terms and conditions. They are advised to know the rollover fees or refunds carefully before opening an oil position with the eToro.
If you are researching eToro make sure to read through the below eToro related guides. You will find something useful.
We've collected thousands of datapoints and written a guide to help you find the best eToro Oil 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 Oil below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Oil trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Oil.
Compare Oil min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Oil. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Oil that accept Oil clients
Broker |
eToro
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IC Markets
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Pepperstone
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FXPrimus
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Axitrader
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Swissquote
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AvaTrade
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forexmart
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phoenixmarkets
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ezinvest
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ETX Capital
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), 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 | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA) | Financial Conduct Authority (FCA) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | 200 | 100 | No minimum deposit | 1000 | 250 | 1 | 500 | 500 | 100 |
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Used By | 17,000,000+ | 60,000+ | 10,000+ | 10,000+ | 10,000+ | 300,000+ | 200,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4,WEB,desktop | MT4,mac,Android.iPhone/iPad | MT4,mac,Android.iPhone/iPad | MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps |
Support |
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Learn More |
Sign
Up with etoro |
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Up with icmarkets |
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Up with pepperstone |
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Up with fxprimus |
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Up with axitrader |
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Up with swissquote |
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Up with avatrade |
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Up with forexmart |
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Up with phoenixmarkets |
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Up with ezinvest |
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Up with etxcapital |
Risk Warning | 71% 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. 79.3% 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 | Losses can exceed deposits | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider | Your capital is at risk | Your capital is at risk | Your capital is at risk | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
Pepperstone Demo |
FXPrimus Demo |
Axitrader Demo |
Swissquote Demo |
AvaTrade Demo |
ForexMart Demo |
Phoenix Markets Demo |
EZINVEST Demo |
ETX Capital Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, 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, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | 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 | BR, KR, IR, IQ, SY, JP, US | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, JP | US | BE, BR, KP, NZ, TR, US, CA, SG | BE, CA, IR, JP, KP, US, BA, ET, IQ, UG, VU, YE, AF, LA, TR, SY, IL | BE, CA, IR, JP, KP, US, BA, ET, IQ, UG, VU, YE, AF, LA, TR, SY, IL | US, BE, CA , SG, BE |
You can compare Oil 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 Oil for 2021 article further below. You can see it now by clicking here
We have listed top Oil below.