The 10 Best Crude Oil Trading Brokers and Platforms revealed.
We have listed, rated, and reviewed the Best Crude Oil Trading Brokers and Platforms for beginner and professional traders. We showcase which notable Brokers offer Crude Oil Trading.
This is a complete listing of The 10 Best Crude Oil Trading Brokers and Platforms.
In this in-depth write-up you will learn:
- Top 10 Best Crude Oil Trading Brokers and Platforms.
- The Best Crude Oil Trading Software in South Africa.
- Crude Oil Brokers – Explained.
- Oil Broker Commission Rates
- Oil Broker Commission Agreement
and much, much more!
10 Best Crude Oil Trading Brokers and Platforms in 2025 – A Comparison
🔎 Broker | 🛢️ Crude Oil Trading | 💰 Min. Deposit | 💯 Trust Score (99) | 🚀 Open an Account |
🥇 Axi | ✅ Yes | $0 USD | 92 | 👉 Click Here |
🥈 IG | ☑️ Yes | $0 USD | 96 | 👉 Click Here |
🥉 AvaTrade | ✅ Yes | $100 USD | 94 | 👉 Click Here |
🏅 XM | ☑️ Yes | $5 USD | 92 | 👉 Click Here |
📌 XTB | ✅ Yes | $0 USD | 92 | 👉 Click Here |
📍 FP Markets | ☑️ Yes | $100 USD | 94 | 👉 Click Here |
🏅 IronFX | ✅ Yes | $100 USD | 90 | 👉 Click Here |
📌 IC Markets | ☑️ Yes | $200 USD | 94 | 👉 Click Here |
📍 FXTM | ✅ Yes | $10 USD | 92 | 👉 Click Here |
🏅 HF Markets | ☑️ Yes | $5 USD | 96 | 👉 Click Here |
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
10 Best Crude Oil Trading Brokers and Platforms (2025)
- ✅ Axi – Overall, the Best Crude Oil Trading Broker and Platform
- ✅ IG – Leading Oil Spread Betting Platform
- ✅ AvaTrade – Best Online Trading Experience
- ✅ XM – High User Trust Score
- ✅ XTB – Crude Oil Spot CFDs and ETFs
- ✅ FP Markets – Lowest Commission Oil Broker
- ✅ IronFX – Best for Beginners Oil Trading Platform
- ✅ IC Markets – Excellent all-round offering
- ✅ FXTM – Great research and education
- ✅ HF Markets – Trusted Commodities Brokers
Axi
Axi is a trusted brokerage firm that offers its services to over 60’000 traders across 100+ countries worldwide. Axi is a highly regulated service provider that holds an Australian Financial Services Licence and a New Zealand Derivatives Issuer Licence.
Axi Overview
🔎 Broker | 🥇 Axi |
📝 Regulation | ASIC, FCA, DFSA |
💰 Min Deposit | $0 USD |
🆓 Demo Account | ✅ Yes |
☪️ Islamic Account | ☑️ Yes |
🔁 Spreads from | 0.0 Pips |
📌 Commission | ✅ Yes |
💳 Deposit Fee | No |
💵 Inactivity Fee | No |
⚡ Withdrawal Fee | Third-Party |
🚀 Open an Account | 👉 Click Here |
Axi Crude Oil Trading
When trading oil with Axi, traders will not buy any physical oil. Instead, they will be trading on the real-time price movements of the commodity. The advantages of trading oil online with Axi include:
- Leverage of up to 100:1
- Margins as low as 2%
- Zero Commission
- Fast Execution
- Competitive Spreads.
Oil trading platforms and tools include MetaTrader4, PsyQuation, and AutoChartist.
Axi Pros and Cons
✅ Pros | ❌ Cons |
No Deposit and withdrawal fees | Only offers Forex and CFDs |
Fully digital account opening | Limited research tools |
No inactivity fees | Slow email support |
Min Deposit
USD 0
Regulators
ASIC, FCA, DFSA
Trading Platform
MT4
Crypto
Yes
Total Pairs
140+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
IG
IG is a world-leading online trading provider that caters to both South African and International investors. IG Securities Ltd is regulated by multiple Finacial agencies including the Financial Sector Conduct Authority in South Africa.
IG Overview
🔎 Broker | ✅ IG Group |
💰 Trading Fee Class | Average |
💵 Inactivity Fee | Yes |
💳 Minimum Deposit | $0 USD |
💡 Base currencies | 6 |
✅ Demo Accounts | Yes |
📌 Products Offered | Forex, CFDs on shares, indices, commodities, cryptocurrencies, options |
⛔ Inactivity fee | Yes |
💻Trading Platforms | IG Trading platform, MetaTrader 4 |
⚖️Regulation | Regulated by multiple financial authorities including FCA (UK), ASIC (Australia), and others |
📚Educational Resources | Trading Academy, webinars, market analysis |
📧Email address | first.last@iggroup.com |
📞Customer Support | Multilingual customer support available |
📍Focus | Wide range of financial instruments, emphasis on user-friendly platform and educational resources |
📌Important Note | CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. |
💷 Account closure | No fee |
📊 Margin/leverage | From 0.5% for forex, 5% for shares and margin factor for indices |
💵 Setup charge | No fee |
🔎 Open an Account | 👉 Open Account |
IG Crude Oil Trading
IG allows traders to take advantage of rising and falling crude oil markets with CFDs. The advantages of trading oil online with IG include:
- Spreads from 2.8 Points
- Guaranteed Stop-Loss order
and more.
IG Pros and Cons
✅ Pros | ❌ Cons |
Used by 180,000+ traders | Inactivity Fee |
Established in 1974 | Limited range of instruments |
Min Deposit
USD 0
Regulators
FCA, BaFin, FINMA, DFSA, MAS, ASIC, FSCA
Trading Platform
MT4
Crypto
Yes
Total Pairs
80
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
AvaTrade
AvaTrade is a well-regulated forex broker that offers access to 1250+ instruments to trade including forex, cryptocurrencies, stocks, commodities, and indices.
AvaTrade Overview
🔎 Broker | 🥇 AvaTrade |
📜 Regulation | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA |
💳 Minimum deposit | $100 USD / R1816 ZAR |
🚀Bonus | ✅ Yes |
🔥Trust Score | 94% |
🔥Live support | 24/5 |
📱 MetaTrader 4 (MT4) | ✅ Yes |
📱 MetaTrader 5 (MT5) | ✅ Yes |
📊Trading Islamic Account | ✅ Yes |
📊CFDs - Total Offered | 1,200 CFDs |
💰 Spreads | 0,9 pips |
💰 Withdrawal fee amount | Zero |
💰 Trading fees class | Very Low |
✔️ Scalping Allowed | ✅ Yes |
📈Products Offered | Forex, Stocks (CFDs), Commodities (CFDs), Indices (CFDs), Cryptocurrencies (CFDs) |
👥Account Types | Various, including standard accounts, demo accounts, Islamic accounts, and professional accounts (depending on regulation) |
📚Educational Resources | Webinars, articles, tutorials |
📍 Focus | User-friendly platform for beginners and experienced traders |
☎️Customer Support | Multiple languages offered |
📌Important Note | AvaTrade does not offer direct trading on the Volatility 75 Index (VIX). |
🚀 Open a account | 👉 Click Here |
AvaTrade Crude Oil Trading
AvaTrade offers traders the option of Crude Oil Trading. Types of Crude Oil include Brent Crude and WTI.
AvaTrade Pros and Cons
✅ Pros | ❌ Cons |
Wide range of CFDs assets to trade - 1000+ | You can’t buy stock or cryptocurrency |
Worldwide regulated | Cryptocurrency deposit is not accepted |
Award winner | Quarterly and annual inactivity fees |
Multiple platform – MT4, MT5, etc | Costumer support is not available 24/7 |
Negative balance protection | No bonus for EU based clients |
XM
XM Group is a MetaTrader-only broker that is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission (FSC).
XM Overview
🔎 Broker | 🥇 XM |
💰 Min. Deposit | $5 USD |
✒️ Regulation | FSC / CySEC |
💸 Trading Fee Class | Low |
❌ Inactivity Fee | ☑️ Yes |
💳 Withdrawal Fee | No |
🆓 Demo Account | ✅ Yes |
🚀 Open an Account | 👉 Click Here |
XM Crude Oil Trading
Advantages of Oil Trading and Energies Trading with XM:
- High volatility – greater price movement
- Trade oil – the most actively traded commodity worldwide
- Go short/long according to market moves
- Trade on a margin of as low as 5 USD
- No overnight financing on oil CFDs
- No extra fees are applicable
XM Pros and Cons
✅ Pros | ❌ Cons |
Fast digital account opening | Account types vary according to jurisdiction |
Min Deposit
USD 5
Regulators
FSC, CySEC, ASIC,
Trading Platform
MT4, MT5
XTB
XTB is one of the largest, global stock exchange-listed FX & CFD brokers. XTB is regulated by the world’s biggest supervision authorities, including the FCA, KNF, CySEC, and IFSC.
XTB Overview
🔎 Broker | 🥇 XTB |
💰 Min. Deposit Required | None |
🛑 Inactivity Fee | $10 USD / R160 ZAR |
🆓 Demo Account | ✅ Yes |
🔁 Spreads from | 0.1 |
📌 Commissions | Pro Account |
🎉 Sign Up Bonus | ✅ Yes |
🔘Products Offered | Forex, CFDs on indices, shares, commodities, cryptocurrencies |
👨💼Account Types | Standard, Pro, and XTB Zero accounts |
💻Trading Platforms | XTB Trader, MetaTrader 4, MetaTrader 5 |
⚖️Regulation | Regulated by multiple authorities including the UK's FCA, Cyprus' CySEC, and Poland's KNF |
📚Educational Resources | Webinars, market analysis, educational materials |
📞Customer Support | 24/7 |
📍Focus | User-friendly platform, competitive spreads, range of trading instruments |
📌Important Note | CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. |
🎉 Sign Up Bonus | Yes |
📈 CFD Markets | 1500+ |
💰 Cash Back | Yes |
🚀 Open an Account | 👉 Click Here |
XTB Crude Oil Trading
XTB offers Crude Oil Trading as part of its Commodities Options. Benefits of Commodities / Oil trading with XTB include:
- Leverage of up to 20:1
- Transparent rollovers visible directly on the chart
- 24-hour trading is available
- Trade popular commodities inc. Gold, Silver, Oil
- Competitive spreads
- Available on PC, Tablet & Smartphone
XTB Pros and Cons
✅ Pros | ❌ Cons |
Used by 230,000+ traders | Doesn’t offer VPS |
Established in 2002 | Limited range of instruments |
Regulated by Financial Conduct Authority | Not ASIC Regulated |
Min Deposit
USD 0
Regulators
FCA, CySEC, IFSC, KNF
Trading Platform
MT4, xStation
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
FP Markets
FP Markets is an Australian-based, multi-asset broker that is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).
FP Markets Overview
🔎 Broker | 🥇 FP Markets |
📌 Regulation | CySEC, ASIC |
☪️ Islamic account | ✅ Yes |
👍 Demo Account | ✅ Yes |
📊 Institutional Accounts | No |
📊 Managed Accounts | No |
📈 Maximum Leverage | 1:400 |
💰 Minimum Deposit | $100 USD |
Open an Account | 👉 Click Here |
FP Markets Crude Oil Trading
FP Markets offers access to a wide range of commodities including Crude Oil, Gold, Silver, and Natural Gas. Benefits of trading commodities with FP Markets include:
- Leverage up to 500:1
- A wide range of commodities
- Enter and exit trades – 24/5
- Trade in any direction
- No price manipulation
- No requotes
- Hedge Risks
FP Markets Pros and Cons
✅ Pros | ❌ Cons |
Forex fees are low | Stock CFD fees are high |
Accounts can be opened fast and easy | Product portfolio are somewhat limited |
Deposit and withdrawal processes are quickly executed | Web and desktop platform is somewhat outdated |
Min Deposit
USD 100
Regulators
ASIC, CySEC, FSCA, CMA
Trading Platform
MT4, MT5, Iress Trader, cTrader
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
IronFX
IronFX is a market-leading forex service provider that offers access to 10 trading platforms and more than 300 tradable instruments.
IronFX Overview
🔎 Broker | 🥇 IronFX |
💰 Minimum Deposit | $100 USD |
🆓 Demo Account | ✅ Yes |
🔁 Spreads from | 0.8 Pips |
4️⃣ MetaTrader 4 | ✅ Yes |
📌 Regulation and Licenses | CySEC, FCA, ASIC |
⏰ Support Hours | 24/5 |
🖥️ Trading Platforms | MetaTrader 4, IronFX Web, TradeCopier |
💻 Account Types | Standard, Premium, VIP, Live Zero Fixed Spread |
🪙 Base Currencies | USD, EUR, GBP, AUD, JPY, BTC, PLN, CZK |
📉 Leverage | 1:1000 |
💷 Currency Pairs | 85+ |
💶 Inactivity Fee | ✅Yes |
📊 Scalping | ✅Yes |
💹 Hedging | ✅Yes |
🚀 Open an Account | 👉 Click Here |
IronFX Crude Oil Trading
IronFX users can trade CFDs on popular spot commodities such as crude oil, sugar, or coffee with higher leverage. Benefits of trading Crude Oil with IronFX include:
- Liquidity and No Inflation Influence
- The popularity of Oil CFDs
- Low-Cost
- Diversification
- 24 Hour Trading
- Tight Spreads and Low Commissions
IronFX Pros and Cons
✅Pros | ❌ Cons |
Well-Regulated | High Withdrawal Fee |
MetaTrader 4, IronFX’s own platform, and third-party solutions | Does not offer cTrader or MetaTrader 5 |
Leverage of 1:1000 | Currency conversion fees apply |
IronFX Academy | Inactivity fee |
Several Account Types | Mixed reviews from customers |
Min Deposit
USD 100
Regulators
FSCA
Trading Platform
MT4, Proprietary platform
Crypto
No
Total Pairs
83
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
IC Markets
IC Markets is a renowned Forex CFD provider that offers trading solutions for active day traders and scalpers. IC Markets is authorized and regulated by multiple Regulators across the globe, including the Australian Securities and Investments Commission (ASIC).
IC Markets Overview
🔎 Broker | 🥇 IC Markets |
💰 Min. Deposit | $200 USD |
🔁 Spreads from | 0.0 Pips |
💸 Commission | Selected Accounts |
📈 Leverage | 1:500 |
🆓 Demo Account | ✅ Yes |
☪️ Islamic Account | ✅ Yes |
🚀 Open an Account | 👉 Click Here |
IC Markets Crude Oil Trading
IC Markets makes a wide range of commodities available including crude oil, Brent, and Natural Gas. Facts on IC Markets Commodities trading include:
- Over 22 CFDs on Commodities to trade
- Energy, Agriculture, and Metals
- Spot and Futures CFDs
- Leverage up to 1:500
- Spreads as low as 0.0 pips
- Deep liquidity
IC Markets Pros and Cons
✅ Pros | ❌ Cons |
Low Forex Fees | Limited Product Selection |
Easy Account Opening | Slow Chat Response |
Min Deposit
USD 200
Regulators
ASIC, CySEC, FSA, SCB
Trading Platform
MT4, MT5, WebTrader
Crypto
Yes
Total Pairs
61
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
FXTM
FXTM is a global CFD and FX broker that is regulated by several financial authorities, including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
FXTM Crude Oil Trading
FXTM makes offers easy access to popular oil and gas markets which is a great way to diversify a trading portfolio.
FXTM Pros and Cons
✅ Pros | ❌ Cons |
One of the best Forex Brokers worldwide | Withdrawal fee |
Regulated by the CySEC and several other Forex authorities | High Stocks trading Spread |
Min Deposit
USD 200
Regulators
FCA, FSC, FSCA
Trading Platform
MT4, MT5, FXTM Trader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
HF Markets
HFM is an award-winning forex and commodities broker that offers various account types, trading software, and the segregation of client funds.
HF Markets Overview
🔎 Broker | 🥇 HFM |
⚖️ Regulation | FSCA, CySEC, FCA, DFSA, CMA, FSA |
💳 Minimum deposit | $0 |
💰 Maximum Leverage | 1:2000 |
🔘 Asset Types | Forex, Indices, Metals, Energies, Shares, Commodities, Bonds, ETFs, DMA Stocks, and Cryptocurrencies |
📊 Trading platforms | MT4, MT5, HFM Trading App (Android & IOS) |
💳 Supported lot | 0.01 - 500 |
💳 Demo | ☑️ Yes |
📈Products Offered | Focus on Volatility 75 Index (VIX) CFD |
👥Account Types | Cent Account, Zero Account, Pro Plus Account, Pro Account, Premium Account |
💻Trading Platforms | MT4, MT5, HFM Platform |
📚Educational Resources | Webinars, articles, tutorials |
☎️Customer Support | 24 hours, 5 days a week |
📍Focus | Potentially suited for experienced traders due to the focus on the volatile VIX. Consider your trading experience and risk tolerance. |
📌Important Note | Thorough research on Conduct thorough research on HFM South Africa's specific regulations, educational resources, customer support options, and potential ZAR funding options before opening an account. |
🚀 Open an Account | 👉 Open Account |
HF Markets Crude Oil Trading
HF Markets allows investors to Trade Derivatives on Crude Oil and expand their investment portfolio
HF Markets Pros and Cons
✅ Pros | ❌ Cons |
FSCA Regulated | US clients not accepted |
Fast and easy account opening | High bank withdrawal fees |
Low trading fees | Inactivity fee after one year |
Min Deposit
USD 0 / ZAR 0
Regulators
FSCA, DFSA, FSC, CMA. FCA
Trading Platform
MT4, MT5, HFM Platform
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
No Trading Fees
Account Activation
24 Hours
Conclusion
👉 Now it is your turn to participate:
➡️ Which Crude Oil Broker and Platform from this list do you intend to test out?
➡️ What was the determining factor in your decision to engage with a certain broker?
➡️ Was it because of the Commodities Trading option on offer or the Pros and Cons?
👉 Regardless, please share your thoughts in the comments below.
You might also like: Axi Review
You might also like: IG Review
You might also like: AvaTrade Review
You might also like: XM Review
You might also like: XTB Review
Frequently Asked Questions
Who are the most popular Crude Oil Forex Brokers and Platform choices?
According to research, Axi is the most popular Crude Oil Forex Broker choice amongst investors.
How do I Choose the Best Crude Oil Trading Broker?
When choosing a broker that offers the best in crude oil trading, traders need to consider Regulation, Trading Platform Type, and Software.
Can I trade crude oil on MetaTrader4 and MetaTrader5?
Yes, Crude Oil can be traded on both MetaTrader4 and MetaTrader5.
Can you make money trading Crude Oil?
Yes, you can make money trading oil.
How is Crude Oil traded in South Africa?
Trading crude oil in South Africa is identical to any other country and traders must open an account with a broker offering crude oil contracts.
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