We found 11 online brokers that are appropriate for Trading UK Oil Commodity Trading Platform.
With the popularity of 'Oil Trading - UK' growing in recent months, more people are gaining confidence in the segment. Here we will try to discover the step-by-step guide to oil trading, and include a brief explanation about oil futures and spot prices.
The first thing to know when one decides to trade oil in the United Kingdom is the three simple steps listed below.
It is the buying and selling of oil or related assets in the United Kingdom in order to make money. Oil prices fluctuate rapidly based on the changes in supply and demand. This is the reason it is highly popular among traders who also use CFDs or spread bets to trade futures or spot prices without taking ownership of the actual oil.
'Oil Trading UK' basically follows the three formats mentioned below.
This refers to the cost of trading oil, either buying or selling, either immediately or on the spot, and not based on a future, predefined date. Spot prices, in fact, reveal what the current worth of the oil is.
It is a contract under which a trader agrees to exchange a certain predefined amount of oil on a specific date, at a set price. Oil futures are traded on exchanges, and the method of trading is familar as one can trade in rising price as well as falling price.
Futures are usually traded by companies to lock prices. It is like hedging against adverse price movements. Speculative traders love trading oil futures because no delivery of barrels is required. It is done by a cash settlement.
It is just like a futures contract, but with no obligation to trade the oil. The options are of two types. These are known as calls and puts. If the price rises, one can go for the call option, which means buying the asset. In the falling price, traders opt for the put option, thereby selling the asset.
The primary driver is supply and demand. If the demand is more than supply, the price increases. Below are some other factors that affect oil prices.
A large share of supply depends on OPEC countries. They influence the price either by increasing or decreasing production. OPEC is an abbreviation for the 'Organization of Petroleum Exporting Countries'.
The demand for oil increases with the growth of the global economy in order to meet energy, transport, pharmaceutical, and manufacturing needs. If the supply is not on par, the price may increase.
During a global recession, the opposite happens. The demand for oil decreases, and may go below supply. The price of oil thereafter falls.
Storage plays an important role in the price fluctuation of oil. If the production continues as usual, but the demand falls, the oil is sent to storage. However, there is a limit to storage, and as a consequence, prices may decrease.
If the substitute of oil is widely accepted, and the production of such alternative energy increases, the demand for oil may decrease. This may result in a fall in oil prices.
After understanding oil trading fully, it is time to open the first trade or position. It is time to opt for whether to buy or sell the oil. It depends on whether one assumes the price of oil will rise or fall. It is also important to decide what the first position size should be, and this is based on the size of the margin.
One needs to understand the possible risk level here, or to what extent one can survive the risk. It is always suggested to start slowly, with a low-risk position.
'Oil Trading UK' has been gaining popularity lately, and this segment is one of the best trading options for getting high returns. Oil trading is considered a no-risk asset class due to the regular rise in demand.
However, one really needs to understand the industry before opening their first position. People mostly trade through CFDs, and as it is a leveraged financial instrument, it is important to have skills in speculating prices. It requires less capital to trade a bigger volume that can result in either magnified profit or loss. But, the loss may sometimes go beyond the deposited money.
Beginners and novice traders are suggested to avoid chasing losses and to use risk-management tools to minimize the chances of a major loss.
We've collected thousands of datapoints and written a guide to help you find the best Oil Trading UK 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 UK Oil Commodity trading platform below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online UK Oil Commodity Trading Platform 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 UK Oil Commodity Trading Platform.
Compare UK Oil Commodity Trading Platform min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are UK Oil Commodity trading platform. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more UK Oil Commodity trading platform that accept UK Oil Commodity trading platform clients
Broker |
eToro
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IC Markets
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XTB
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FP Markets
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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SpreadEx
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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), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | 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 | 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), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 100 | 200 | 100 | 5 | 100 | 1 |
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Used By | 17,000,000+ | 60,000+ | 250,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with trading212 |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
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Up with spreadex |
Risk Warning | 71% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 82% 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. 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. | 76.4% 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. | 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 | Your capital is at risk | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
SpreadEx 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 | US, IN, PK, BD, NG , ID, BE | US, JP, NZ | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, TR |
You can compare UK Oil Commodity Trading Platform 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 UK Oil Commodity Trading Platform for 2021 article further below. You can see it now by clicking here
We have listed top UK Oil Commodity trading platform below.