We found 11 online brokers that are appropriate for Trading Trading Heating Oil.
If you are thinking of trading heating oil as your next commodity for portfolio diversification, then reading this guide to see what heating oil trading can offer to you.
Heating oil is a liquid petroleum product refined from crude oil.
Heating oil is applicable in several sectors including the residential heating, heating commercial buildings, furnaces, and so on.
Heating oil has been significant to many people who do not have natural gas for their heating system.
In the world of trading, the heating oil is known as HHO.
Heating oil is one of the most popular traded commodities in the world.
So, when looking for brokers who facilitate the heating oil, your searching will be short and easy.
Before proceeding to trade heating oil in your favourite trading platform, you will need to know about the driving factors behind heating oil prices.
Changes in heating oil prices can be because of different factors, due to issues with the countries of the production, or other external factors.
Without further ado, lets see the real factors which drive the price of heating oil.
It is important to understand that heating oil prices can be affected by seasonal demand.
The heating oil serves as the space heating fuel for households and commercial properties.
That means it will be high in demand in the colder months while lower in the warmer months.
Obviously, it will become more significant in the countries which have a long winter season since they will need the heating oil to maintain their house heating systems.
Sometimes, winter storms can pose the real problem for the logistics, which make the prices spike as well.
As mentioned, the heating oil produced from the crude oil. So, when the crude oil prices change it will make the heating oil price change too.
The price of crude oil can greatly affect heating oil because it is the source.
Some of the contributing factors which can change the crude oil price are :
Regional transportation costs are hefty.
The cost of delivering the heating oil from one region to the other region can affect the pricing.
The costs are considerably higher when logistics deliver to more rural areas.
The real challenge for the logistics crew is when they need to deliver heating oil to areas with underdeveloped infrastructure. It will impact greatly on the costs of the logistics themselves.
Heating oil, for some consumers, is relatively expensive to get.
The local businesses who supply the heating oil in the market could make the prices higher.
As mentioned, because of the logistics challenges, the prices of the heating oil in rural areas tend to be higher than the other populated areas.
There are also limited options to source heating oils.
When there are high heating oil costs, people start looking for alternatives, which are more affordable.
These could also affect the demand of heating oil.
When the demand is lower, the prices of the heating oil will be lower too.
For instance, people use natural gas.
Natural gas is usually cheaper.
But many people also consider using heating oil as the replacement of their natural gas, or vice versa.
Natural gas can compete with heating oil as the source of fuel for heating appliances. Heating oil will be a prevalent choice when people cannot find natural gas.
And natural gas would be their primary option because heating oil is more expensive.
First things first, you could consider the heating bill hedge.
Heating oil is a prevalent product for people who want to use a heater in the colder months. You might want to invest in the commodity before the colder months.
Or, you could bet on growth. You can bet on global economic growth where heating oil plays its part.
Heating oil, as it is derived from crude oil, is still in the corridor of fossil fuel.The demand will be higher when the developed areas or countries need to use the heating oil as the alternative source of fuel.
Obviously, you can also diversify your portfolio. An investment portfolio can be improved by adding heating oil in the equation.
Avid traders focus on the equity with fixed income markets.
Put it simply, there are some financial products which you can use to trade heating oil. Here are the products you want to consider:
As mentioned, the heating oil futures are available in the NYMEX - New York Mercantile Exchange. The future exchange is operated by the Chicago Mercantile Exchange or MCE.
New York Mercantile Exchange also offers the options contract on heating oil futures. It allows you to use the leverage to invest in the heating oil. Mind about the expiration date, though.
If you are up to trade the heating oil as shares, then using the ETFs instrument can be a great idea. But there is only one heating oil exchange-traded fund that you must know: the United States Diesel-Heating Oil Fund LP.
One of the best ways to diversify your portfolio is by having the heating oil shares of the heating oil companies. When it comes to this, it is simple and easy to locate the companies who handle the crude oil extracting and refining in order to produce the heating oil.
Although it is not a pure-play form. These companies have things to do with the crude oil, the important source of the heating oil.
We've collected thousands of datapoints and written a guide to help you find the best Trading Heating 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 trading heating oil below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Trading Heating 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 Trading Heating Oil.
Compare Trading Heating Oil min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are trading heating oil. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more trading heating oil that accept trading heating oil clients
Broker |
eToro
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IC Markets
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XTB
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FP Markets
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Roboforex
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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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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) | 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) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 1 | 100 | 200 | 100 | 5 | 100 |
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Used By | 17,000,000+ | 60,000+ | 250,000+ | 10,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 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 | MT4, MT5, Mac, Web Trader, cTrader, 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 |
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Learn More |
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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 |
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 | 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 |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Roboforex Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus 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, JP | 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. |
You can compare Trading Heating 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 Trading Heating Oil for 2021 article further below. You can see it now by clicking here
We have listed top Trading heating oil below.