Crude oil broker - List of offers 2024

Crude Oil Broker - List of Forex Offers

Crude oil has been very popular among Forex traders for many years. Along with a clear drop in the price of this raw material search the web for this how to buy oil have become commonplace. In this article we will present the most popular option, i.e. the option of investing using CFDs.

Derivatives, which are contracts for exchange differences (CFD), provide traders with a spectrum of possibilities, including invest in assets other than currencies. It's also a way not to go to a regulated market with futures contracts where the margins are required significantly greater than with CFD. Statistics show that in the ranking of the popularity of "non-currency" instruments, oil is right behind the stock indices.

Oil in several varieties

"Black gold" comes in several varieties. The most popular are three: WTI, Brent i Ural. Each of them differs from each other in composition and quality. However, focusing only on investment aspects, the trader must know that WTI (or otherwise Light Sweet) is crude oil listed on the US stock exchange (mined on the Gulf of Mexico), and Brent, which is extracted in the North Sea, on the London Stock Exchange. The last type - Ural - is found in Russia and is the least popular due to its relatively low quality.

EVERYTHING ABOUT INVESTING IN OIL

Forex brokers most often offer trading on the two most popular types of oil - WTI and Brent. It's just that it should be remembered that CFDs are not a top-down standardized instrument. This means that the specification of the WTI CFD contract may differ from broker to broker - both the current price, the amount of fees and even the trading hours.

Crude Oil Brokers - Compare Offers

List of offers 2024

End	Cyprus, UK, Australia, Seychelles	Australia, Cyprus, Mauritius	Poland	UK, Cyprus	Cyprus, UK	Latvia	Denmark
Platform	Website	MT 4/5, cTrader	xStation	MT 4/5	MT 4/5, cTrader	JForex, *** MultiCharts	SaxoTrader GO/PRO
Min. Deposit	100$	200$	PLN 0 (recommended minimum PLN 2000)	PLN 100	PLN 500	PLN 100	2000$
Type of execution	MM	STP / ECN	MM	STP	NDD	ECN	STP, DMA, Market Maker, ECN
Instrument	WTI	Brent, WTI	Brent, WTI	Brent, WTI	Brent, WTI	Brent, WTI	Brent, WTI
Symbol	OIL	BRENT, WTI	OIL OIL.WTI	BRENT, WTI	BRENT WTI	BRENT.CMD / USD LIGHT.CMD / USD	OILUScont / WTI OILUKcont / BRENT
Min. Spread	5 pips	2 pips	3 pips	4 pips	4 pips	5 pips	3 pips
Point value for min. volume **	bd	1 USD	0,1 USD	0,1 USD	0,1 USD	1 USD	b / d
Deposit for min. volume ****	bd	44,4 USD	44 USD for 0.01 lot	4,4 USD	44 USD	44 USD	b / d
Trading hours	00:00 - 22:30	Brent: 02:00 - 23:00 TUE: 00:00 - 23:00	Brent: 02:00 - 23:00 TUE: 02:00 - 23:00	00:00 - 23:00	Brent: 02:00 - 23:00 TUE: 00:00 - 23:00	Brent: 02:00 - 23:00 TUE: 00:00 - 23:00	Brent: 02:00 - 23:00 TUE: 00:00 - 23:00
rolling	YES	NEVER	YES	NEVER	YES	YES	YES
SWAP	YES	YES	NEVER	YES	NEVER	NEVER	NEVER
Debit protection	YES	NEVER	YES	YES	YES	YES	YES
CREATE AN ACCOUNT	DEMO	DEMO	DEMO	DEMO	DEMO	DEMO	DEMO
	REAL	REAL	REAL	REAL	REAL	REAL	REAL

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. From 68% to 89% of retail investor accounts record monetary losses as a result of trading CFDs. Think about whether you understand how CFDs work and whether you can afford the high risk of losing your money.

1. * Spread depends on market conditions.
2. ** At an oil exchange rate of approx. $ 44 per barrel.
3. *** MultiCharts can be connected. The broker does not offer this platform as standard
4. **** Particular attention should be paid to differences in the amount of margin required.

Rolling contracts

Rolling contracts is in other words closing a position on an expiring futures contract and opening another position on a new futures contract. It is worth noting here that the prices of contracts for the next series are rarely identical to the expiring one. This causes that at the time of rolling most often a price gap arises on CFDs. In the case of Forex brokers, the difference resulting from the expiry and opening price of a series of contracts is included in the balance of positions as swap (even though it is not de facto).

Contango on oil

contango is the price difference that occurs when rolling contracts. In the case of oil contracts, this phenomenon is quite common. Depending on market expectations and the dynamics of exchange rate changes, it can be both a few cents difference and a few or even several (!) dollars.

An unusual situation occurs when investors believe so much in the increase in commodity prices that they are willing to buy contracts for subsequent months at higher prices than the currently recorded price. This was the case in 2016, when oil prices dropped to a record low of $ 30 per barrel.

Crude Oil - Current Chart