Spot Oil for 2024
We found 11 online brokers that are appropriate for Trading Spot Oil Investment Platforms.
Spot Oil Guide
Analysis by Andrew Blumer, Updated Last updated - April 18, 2024
Spot Oil
Spot oil trading is like trading any other commodity: you need to know about the commodity in question, as well as how it is bought and sold. The main difference with spot oil trading is that the spot price of oil is not determined by any kind of governmental or centralised body. Prices are in fact determined by numerous individual traders and companies. If you choose to invest in spot oil, this means that you will be buying from one specific company. In this case, you will be dealing with only one commodity, which is typically oil.
Spot oil is most commonly traded commodity in oil futures markets. This is because contracts are made to allow for profit to be earned even when they do not actually produce or deliver the crude oil that they are trading for. Since oil futures prices are based on current expectations of how much oil will be produced over a period of time, the company who makes the contract gets to keep their money. When negative oil prices occur, the contracts allow for them to be sold at a profit. If negative oil prices stay around for a long period of time, however, they do not make any money from it.
With spot oil futures trading, there is obviously risk involved, but there is also the opportunity to make good money if you know what you are doing. Frequently, traders who are good at predicting where oil prices will go have very little competition. For example, if you are good at picking which oil prices are likely to go up in value in the near future, you will find that there are not many people who are attempting to trade those oil futures, and therefore you can get in and out of the market with your shares very quickly. Traders who are good at this can make a lot of money trading in the short-term. There are plenty of examples of people who have made a lot of money using spot oil futures - some of these traders were even able to move their funds into cash, meaning that they did not need to wait for oil prices to go up in order to make a profit from their investment.
What is Crude Oil?
Crude oil is an oily liquid consisting mostly of crude hydrocarbons, with smaller amounts of water, sulphur, and carbon dioxide. It can also contain natural gases or natural gasoline, depending on its composition. In Alberta, Canada, oil-producing sands possess the largest stock of crude oil, but there are also several large deposits along the shore of Atlantic Canada.
The price of crude oil depends on several factors, including supply and demand. In today's economic climate, there is less reliance on traditional sources of oil and more on domestic petroleum production through new technologies, such as hydraulic fracturing or 'fracking'. These new methods have been shown to increase the quantity and quality of petroleum products, while reducing the amount of greenhouse gases released into the atmosphere.
The prices of crude oil are highly influenced by a number of factors, including government policies, trade practices and the growth of various international oil producing and consuming nations. For example, Venezuela is a major political and trading partner of Canada; therefore, it can be expected that Canada will trade crude oil with Venezuela at a higher price than with other countries. In addition, because Canada is leading a number of international trade agreements, it is often trading with a number of economically and politically stable nations.
Understanding Crude Oil
Understanding the nature of crude oil will benefit you, helping you to become a more informed consumer and make better decisions when trading it. Crude oil is a precious natural resource, which is largely extracted from the ground and then refined to consumables including diesel, gasoline, and many other petroleum products. Many investors and financial experts agree that crude oil remains the single largest commodity on the planet because it is the sole source of global energy supply. This article will discuss why understanding how crude oil is produced and traded is important.
The process of extraction is the key to understanding how crude oil is produced and traded. In this process, oil companies and oil producers sign long term contracts with traders who agree to pay them for the volume of crude oil at a certain price per barrel. These contracts are called crude oil contracts, not because they give the buyer a 'loan' for the commodity, but because they set the price that the buyer will pay. This price is based on the current cost of the oil in the world, which is estimated on a daily basis.
Investing in Oil
If you are looking to invest money in the stock market but do not want to become involved with the volatility of oil prices, then investing in oil might be a good option for you. You can buy shares of oil companies like Enron or Shell, which have non-volatile prices. This means that your money will not be lost in a short space of time; if you buy such oil stocks you will see profit. You will not lose all of your money in a day or two. However, the profits do need to add up over time, and this means that you are going to need to think long term when you investing in oil stocks. Investing in oil can be a great way to invest your money, especially if you choose a good company to invest in.
Investing in crude oil is not new, but it has gained increased attention over the course of the last year or so. Now that the Federal Reserve is raising interest rates, and increasing the amount of bonds that they are buying, there is a larger interest in commodity trading. The future of investing in oil in the futures markets looks very bright, as demand for crude oil is set to rise steadily in the coming years.
Investing in oil companies via future contracts makes sense because companies will always need oil and will always have buyers for it in the future. This means that oil companies will not be changing their production plans in order to meet the demand for it. There will always be enough crude oil to go around between any two oil companies. Investing in oil stock investors makes sense for investors who wish to make money from their investment and are not worried about changing their strategy to accommodate the Federal Reserve's policies regarding the supply and demand of crude oil.
Spot Contracts
Spot contracts are contracts which provide traders with a 'heads up' on the current price of oil. These contracts provide you with an instant snapshot of what the oil market is currently trading at. Spot contracts will give you this information right away. If you are investing in crude oil, for example, you can lock in your purchase at the precise moment when the price of oil hits a certain low. This is how you make your profit. In most cases, you can buy oil and then sell it for more money than you spent.
Spot contracts can be used for a wide variety of things. For instance you can invest in crude oil or even explore for precious metals like gold and silver. Spot contracts can help you make a profit in the event that the price of oil drops overnight. This is what is referred to as short-term investing. You can make money by selling an oil stock for less than you bought it for and quickly making a profit.
We have conducted extensive research and analysis on over multiple data points on Spot Oil to present you with a comprehensive guide that can help you find the most suitable Spot Oil. Below we shortlist what we think are the best Spot Oil Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Spot Oil.
Reputable Spot Oil Checklist
Selecting a reliable and reputable online Spot Oil Investment Platforms 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 Spot Oil Investment Platforms more confidently.
Selecting the right online Spot Oil Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
- Ensure your chosen Spot Oil Investment Platforms broker has a solid track record of at least two years in the industry.
- Verify that the Spot Oil Investment Platforms broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the Spot Oil Investment Platforms 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 Spot Oil Investment Platforms broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for Spot Oil Investment Platforms brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the Spot Oil Investment Platforms 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 Spot Oil Investment Platforms in Our Brokerage Comparison Table
When choosing a broker for Spot Oil Investment Platforms trading, it's essential to compare the different options available to you. Our Spot Oil Investment Platforms 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 Spot Oil Investment Platforms broker.
- The funding methods available for Spot Oil Investment Platforms with each broker.
- The types of instruments you can trade with each Spot Oil Investment Platforms broker, such as forex, stocks, commodities, and indices.
- The trading platforms each Spot Oil Investment Platforms broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each Spot Oil Investment Platforms broker affects the cost of trading.
- The level of customer support each Spot Oil Investment Platforms broker offers, including their availability, responsiveness, and quality of service.
- Whether each Spot Oil Investment Platforms broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
By comparing these essential features, you can choose a Spot Oil Investment Platforms broker that best suits your needs and preferences for Spot Oil Investment Platforms. Our Spot Oil Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Top 15 Spot Oil Investment Platforms of 2024 compared
Here are the top Spot Oil Investment Platforms.
Compare Spot Oil Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Spot Oil Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Spot Oil Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Spot Oil Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Spot Oil Investment Platforms that accept Spot Oil Investment Platforms 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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EasyMarkets
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SpreadEx
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FXPro
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| Rating | |||||||||||
| 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), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
| Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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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+ | 142,500+ | 10,000+ | 1,866,000+ |
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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, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
| Support |
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| Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with etoro |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with easymarkets |
Sign
Up with spreadex |
Sign
Up with fxpro |
| 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 | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
| Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro 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, 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 | US, CA, IR |
All Spot Oil Investment Platforms in more detail
You can compare Spot Oil Investment Platforms 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 Spot Oil Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Spot Oil Investment Platforms below.
Spot Oil Table of Contents
- Spot Oil Explained
- 6 Factors to Consider when Choosing Spot Oil
- Are Your Spot Oil Trusted And Established?
- Are The Spot Oil World Leading?
- What are the Spot Oil Commissions and Fees?
- What are the Spot Oil Funding and Withdrawl Methods?
- Find Spot Oil with Round-the-clock support?
- Make sure the Spot Oil Offer Comprehensive Trader resources?
- Why Spot Oil needs to be regulated?
- Spot Oil FAQ
- What are the best Spot Oil Investment Platforms brokers?
- What is the best Spot Oil Investment Platform broker?
- Related Spot Oil Reviews
- Related Spot Oil Alternatives
- Related Spot Oil Comparisons
Spot Oil Explained
Trading volatile financial markets with Spot Oil can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by Spot Oil to ensure a successful trading experience.
Selecting Spot Oil 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 Spot Oil markets effectively.
Reliability is key to gaining access to financial markets. Look for Spot Oil that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with Spot Oil confidently.
6 Factors to Consider when Choosing Spot Oil
Follow these five rules for selecting Spot Oil that are right for you:
Are Your Spot Oil Trusted And Established?
Search for a reputable Spot Oil with a extensive proven track record for Spot Oil, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated Spot 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
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| 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 Spot Oil World Leading?
Opt for Spot Oil 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 Spot Oil is Roboforex. Roboforex Segregates clients funds and offers over 100 instruments.
| Broker |
IC Markets
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Roboforex
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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 Spot Oil Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Spot Oil broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Spot 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
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Roboforex
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eToro
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XTB
|
XM
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Pepperstone
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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 Spot Oil Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with Spot Oil. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with Spot Oil.
| 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 Spot Oil with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with Spot Oil.
Spot Oil 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 Spot Oil 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 |
|
|
|
|
|
|
|
|
| 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 Spot Oil Offer Comprehensive Trader resources?
It's important to ensure your Spot Oil 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 Spot Oil. 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 Spot Oil.
Why Spot Oil needs to be regulated?
Regulated Spot Oil lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated Spot Oil.
Consumers are protected by Spot Oil regulation, critical to preventing inadequate services and potential financial harm.
Regulation of Spot Oil is necessary to prevent fraud. The Spot Oil working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with Spot Oil is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
Spot Oil 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, 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
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader, 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