Top Rated Oil Trading Brokers Reviews - 2019
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DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships.Oil is one of the commodities that have become popular of late with Forex traders. With the price of oil so strongly connected to the currency rates, the oil market often brings a good chance to Forex traders to increase their usual profit through oil trading brokers.
Oil futures from NYMEX (West Texas Intermediate, or WTI) and ICE (Brent Crude) are usually part of the series of commodities offered by Forex brokers, together with the more popular commodities such as gold, silver, other metals. But not all Forex brokers offer their traders oil trading in addition to the other asset choices.
Oil is a volatile product that is driven by supply, political and environmental factors, and the demand of energy-driven nations. To choose a broker who offers oil trading, see the list below compiled by the team at Daily Forex.
Min. Deposit
$10
Bonus
Sign Up - 20%
Trading Platform
MetaTrader 4, MetaTrader 5
Max. Leverage
Flexible Leverage
Regulation
CySEC, FCA, FSC
Best all-around: high floating leverage + fast execution
Hybrid execution model + scalping, hedging and more trading options
Alpari International Review
Min. Deposit
$5
Bonus
50%
Trading Platform
MetaTrader 4, MetaTrader 5, Web-based, Other
Max. Leverage
N/A
Regulation
FSC
Hybrid execution model + scalping, hedging and more trading options
Min. Deposit
$100
Bonus
None
Trading Platform
MetaTrader 4, Proprietary platform
Max. Leverage
1:300
Regulation
CySEC, ASIC, FSB
Excellent educational offerings
Min. Deposit
$200
Bonus
None
Trading Platform
Web-based, Other
Max. Leverage
1:30
Regulation
CySEC, FCA, ASIC
Min. Deposit
$100
Bonus
Up To $5000
Trading Platform
MetaTrader 4, Proprietary platform, Web-based
Max. Leverage
1:400
Regulation
MiFID, Central Bank of Ireland, ASIC, FSC, BVIFSC
Highly regulated, choice of fixed or floating spreads