All Share (J203) = 88 453
Rand / Dollar = 18.58
Rand / Pound = 23.38
Rand / Euro = 19.38
Gold (usd/oz) = 2 937.37
Platinum (usd/oz) = 973.56
Brent (usd/barrel) = 76.65
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

10 Best Crude Oil Trading Brokers

Crude Oil Platforms

 

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 USD92👉 Click Here
🥈 IG☑️ Yes $0 USD96👉 Click Here
🥉 AvaTrade✅ Yes$100 USD94👉 Click Here
🏅 XM☑️ Yes$5 USD92👉 Click Here
📌 XTB✅ Yes$0 USD92👉 Click Here
📍 FP Markets☑️ Yes$100 USD94👉 Click Here
🏅 IronFX✅ Yes$100 USD90👉 Click Here
📌 IC Markets☑️ Yes$200 USD94👉 Click Here
📍 FXTM✅ Yes$10 USD92👉 Click Here
🏅 HF Markets☑️ Yes$5 USD96👉 Click Here

 

 

10 Best Forex Brokers in South Africa for 2025

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

CySEC, FCA, FSA, FSCA

$100

#5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#6

CySEC, ASIC, FSA, BVI, FSCA

$25

#7

ASIC, CySEC, FSA, SCB

$200

#8

ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

#9

FCA, CySEC, FSCA, SCB

$100

#10

FSCA, FSC, ASIC, CySEC, DFSA

$5

#1

4.8/5

User Score

#2

4.7/5

User Score

#3

4.7/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.0/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.5/5

User Score

#10

4.9/5

User Score

 

 

10 Best Crude Oil Trading Brokers and Platforms (2025)

 

  1. Axi – Overall, the Best Crude Oil Trading Broker and Platform
  2. IG – Leading Oil Spread Betting Platform
  3. AvaTrade – Best Online Trading Experience
  4. XM – High User Trust Score
  5. XTBCrude Oil Spot CFDs and ETFs
  6. FP Markets – Lowest Commission Oil Broker
  7. IronFX – Best for Beginners Oil Trading Platform
  8. IC Markets – Excellent all-round offering
  9. FXTM – Great research and education
  10. HF Markets – Trusted Commodities Brokers

 

Axitrader Review

 

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
📝 RegulationASIC, FCA, DFSA
💰 Min Deposit$0 USD
🆓 Demo Account✅ Yes
☪️ Islamic Account☑️ Yes
🔁 Spreads from0.0 Pips
📌 Commission✅ Yes
💳 Deposit FeeNo
💵 Inactivity FeeNo
⚡ Withdrawal FeeThird-Party
🚀 Open an Account👉 Click Here

 

Axi Landing Page

 

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 Crude Oil Trading

 

Axi Pros and Cons

 

✅ Pros❌ Cons
No Deposit and withdrawal feesOnly offers Forex and CFDs
Fully digital account openingLimited research tools
No inactivity feesSlow 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 Group Review

 

IG

 

IG is a world-leading online trading provider that caters to both South African and International investorsIG Securities Ltd is regulated by multiple Finacial agencies including the Financial Sector Conduct Authority in South Africa.

 

IG Overview

 

🔎 Broker✅ IG Group
💰 Trading Fee ClassAverage
💵 Inactivity Fee Yes
💳 Minimum Deposit$0 USD
💡 Base currencies6
✅ Demo Accounts Yes
📌 Products OfferedForex,
CFDs on shares, indices,
commodities, cryptocurrencies,
options
⛔ Inactivity fee Yes
💻Trading PlatformsIG Trading platform, MetaTrader 4
⚖️RegulationRegulated by multiple financial authorities including FCA (UK),
ASIC (Australia),
and others
📚Educational ResourcesTrading Academy, webinars,
market analysis
📧Email addressfirst.last@iggroup.com
📞Customer SupportMultilingual customer support available
📍FocusWide range of financial instruments, emphasis on user-friendly platform and educational resources
📌Important NoteCFDs are complex instruments and carry a high risk of losing money rapidly due to leverage.
💷 Account closureNo fee
📊 Margin/leverageFrom 0.5% for forex, 5% for shares and margin factor for indices
💵 Setup chargeNo fee
🔎 Open an Account👉 Open Account

 

IG Protection of Client Funds

 

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:

 

 

and more.

 

IG Oil Trading

 

IG Pros and Cons

 

✅ Pros❌ Cons
Used by 180,000+ tradersInactivity Fee
Established in 1974Limited 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 Review

 

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
📜 RegulationASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
💳 Minimum deposit$100 USD / R1816 ZAR
🚀Bonus✅ Yes
🔥Trust Score94%
🔥Live support24/5
📱 MetaTrader 4 (MT4)✅ Yes
📱 MetaTrader 5 (MT5)✅ Yes
📊Trading Islamic Account✅ Yes
📊CFDs - Total Offered1,200 CFDs
💰 Spreads0,9 pips
💰 Withdrawal fee amountZero
💰 Trading fees classVery Low
✔️ Scalping Allowed✅ Yes
📈Products OfferedForex, Stocks (CFDs), Commodities (CFDs), Indices (CFDs), Cryptocurrencies (CFDs)
👥Account TypesVarious, including standard accounts, demo accounts, Islamic accounts, and professional accounts (depending on regulation)
📚Educational ResourcesWebinars, articles, tutorials
📍 FocusUser-friendly platform for beginners and experienced traders
☎️Customer SupportMultiple languages offered
📌Important NoteAvaTrade does not offer direct trading on the Volatility 75 Index (VIX).
🚀 Open a account👉 Click Here

 

AvaTrade Overview

 

AvaTrade Crude Oil Trading

 

AvaTrade offers traders the option of Crude Oil Trading.  Types of Crude Oil include Brent Crude and WTI.

 

AvaTrade Crude Oil Trading

 

AvaTrade Pros and Cons

 

✅ Pros❌ Cons
Wide range of CFDs assets to trade - 1000+You can’t buy stock or cryptocurrency
Worldwide regulatedCryptocurrency deposit is not accepted
Award winnerQuarterly and annual inactivity fees
Multiple platform – MT4, MT5, etcCostumer support is not available 24/7
Negative balance protectionNo bonus for EU based clients

 

 

XM.com Review

 

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
✒️ RegulationFSC / CySEC
💸 Trading Fee ClassLow
❌ Inactivity Fee☑️ Yes
💳 Withdrawal FeeNo
🆓 Demo Account✅ Yes
🚀 Open an Account👉 Click Here

 

XM Overview

 

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 Crude Oil Trading

 

XM Pros and Cons

 

✅ Pros❌ Cons
Fast digital account openingAccount types vary according to jurisdiction

 

Min Deposit

USD 5

Regulators

FSC, CySEC, ASIC,

Trading Platform

MT4, MT5

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

XTB Review

 

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 RequiredNone
🛑 Inactivity Fee$10 USD / R160 ZAR
🆓 Demo Account✅ Yes
🔁 Spreads from0.1
📌 CommissionsPro Account
🎉 Sign Up Bonus✅ Yes
🔘Products OfferedForex, CFDs on indices, shares, commodities, cryptocurrencies
👨‍💼Account TypesStandard, Pro, and XTB Zero accounts
💻Trading PlatformsXTB Trader, MetaTrader 4, MetaTrader 5
⚖️RegulationRegulated by multiple authorities including the UK's FCA, Cyprus' CySEC, and Poland's KNF
📚Educational ResourcesWebinars, market analysis, educational materials
📞Customer Support24/7
📍FocusUser-friendly platform, competitive spreads, range of trading instruments
📌Important NoteCFDs are complex instruments and carry a high risk of losing money rapidly due to leverage.
🎉 Sign Up BonusYes
📈 CFD Markets1500+
💰 Cash BackYes
🚀 Open an Account👉 Click Here

 

XTB Overview

 

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 Crude Oil Trading

 

XTB Pros and Cons

 

✅ Pros❌ Cons
Used by 230,000+ tradersDoesn’t offer VPS
Established in 2002Limited range of instruments
Regulated by Financial Conduct AuthorityNot 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

 

FPMarkets Review

 

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
📌 RegulationCySEC, ASIC
☪️ Islamic account ✅ Yes
👍 Demo Account✅ Yes
📊 Institutional AccountsNo
📊 Managed AccountsNo
📈 Maximum Leverage1:400
💰 Minimum Deposit$100 USD
Open an Account👉 Click Here

 

FP Markets Landing Page

 

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 Crude Oil Trading

 

FP Markets Pros and Cons

 

✅ Pros❌ Cons
Forex fees are lowStock CFD fees are high
Accounts can be opened fast and easyProduct portfolio are somewhat limited
Deposit and withdrawal processes are quickly executedWeb 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 Review ZAR

 

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 from0.8 Pips
4️⃣ MetaTrader 4✅ Yes
📌 Regulation and LicensesCySEC, FCA, ASIC
⏰ Support Hours24/5
🖥️ Trading PlatformsMetaTrader 4, IronFX Web, TradeCopier
💻 Account TypesStandard, Premium, VIP, Live Zero Fixed Spread
🪙 Base CurrenciesUSD, EUR, GBP, AUD, JPY, BTC, PLN, CZK
📉 Leverage1:1000
💷 Currency Pairs85+
💶 Inactivity Fee✅Yes
📊 Scalping✅Yes
💹 Hedging✅Yes
🚀 Open an Account👉 Click Here

 

IronFX Overview

 

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 Crude Oil Trading

 

IronFX Pros and Cons

 

✅Pros❌ Cons
Well-RegulatedHigh Withdrawal Fee
MetaTrader 4, IronFX’s own platform, and third-party solutionsDoes not offer cTrader or MetaTrader 5
Leverage of 1:1000Currency conversion fees apply
IronFX AcademyInactivity fee
Several Account TypesMixed 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 Review

 

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 from0.0 Pips
💸 CommissionSelected Accounts
📈 Leverage1:500
🆓 Demo Account✅ Yes
☪️ Islamic Account✅ Yes
🚀 Open an Account👉 Click Here

 

IC Markets Overview

 

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 Crude Oil Trading

 

IC Markets Pros and Cons

 

✅ Pros❌ Cons
Low Forex FeesLimited Product Selection
Easy Account OpeningSlow 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

 

ForexTime Review

 

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 Overview

 

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 Crude Oil Trading

 

FXTM Pros and Cons

 

✅ Pros❌ Cons
One of the best Forex Brokers worldwideWithdrawal fee
Regulated by the CySEC and several other Forex authoritiesHigh 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 Review

 

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
⚖️ RegulationFSCA, CySEC, FCA, DFSA, CMA, FSA
💳 Minimum deposit$0
💰 Maximum Leverage1:2000
🔘 Asset TypesForex, Indices, Metals, Energies, Shares, Commodities, Bonds, ETFs, DMA Stocks, and Cryptocurrencies
📊 Trading platformsMT4, MT5, HFM Trading App (Android & IOS)
💳 Supported lot0.01 - 500
💳 Demo☑️ Yes
📈Products OfferedFocus on Volatility 75 Index (VIX) CFD
👥Account TypesCent Account, Zero Account, Pro Plus Account, Pro Account, Premium Account
💻Trading PlatformsMT4, MT5, HFM Platform
📚Educational ResourcesWebinars, articles, tutorials
☎️Customer Support24 hours, 5 days a week
📍FocusPotentially suited for experienced traders due to the focus on the volatile VIX. Consider your trading experience and risk tolerance.
📌Important NoteThorough 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 Overview

 

HF Markets Crude Oil Trading

 

HF Markets allows investors to Trade Derivatives on Crude Oil and expand their investment portfolio

 

HF Markets Crude Oil Trading

 

HF Markets Pros and Cons

 

✅ Pros❌ Cons
FSCA Regulated US clients not accepted
Fast and easy account openingHigh bank withdrawal fees
Low trading feesInactivity 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.

 

 

 

4.8/5 - (26 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

February 7, 2023

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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