Plus500 Summary

Plus500 was founded in 2008 and is publicly listed on the London Stock Exchange as part of the FTSE 250 index. The trading platform gives traders access to more than 2,800 instruments across forex, stocks, indices, commodities, crypto, options and ETFs. It offers a user-friendly platform designed internally by Plus500 with commission-free trading available. Plus500 is regulated in multiple jurisdictions, including the UAE under both the SCA and DFSA.

Why trade oil with Plus500?

Trading oil with Plus500 means access to a wide selection of energy instruments, including crude oil, Brent oil, and heating oil. This breadth allows traders to diversify their exposure across different oil benchmarks and energy products, tailoring strategies to global market trends and sector-specific movements. With competitive leverage available, positions can be scaled more flexibly while risk is managed through features such as stop orders and negative balance protection.

Beyond market access, Plus500 enhances the trading experience with its +Insights tool, which provides real-time data and sentiment analysis to help traders stay informed about developments affecting oil prices. Combined with dedicated professional support and strong regulatory oversight — including authorization by the SCA in the UAE — traders can approach oil markets on Plus500’s platform with both confidence and clarity.

Oil trading with Plus500: Pros and cons

✅ High leverage. Access leverage up to 1:300

✅ Trading academy. Gain access to Plus500’s academy focused on oil trading education.

✅ Regulated in UAE. Plus500 is regulated by the SCA and DFSA.

❌ Deposit and withdrawals. Plus500’s deposit and withdrawal options are limited.

❌ No phone support. Plus500 cannot be reached via telephone support.

Exness Summary

Exness is a globally recognized forex and CFD broker known for having tight spreads, lightning-fast execution, and remarkably transparent trading conditions. Founded in 2008, Exness has earned the trust of millions of traders through its offering of robust platforms like MetaTrader 4 and MetaTrader 5, and its own proprietary trading platform. Exness is also well-known for having almost-instant withdrawals, 24/7 customer support, and no hidden fees.

What sets Exness apart is its dynamic and unlimited leverage, low minimum deposit, and commission-free trading options, making it an excellent choice for both beginners and experienced traders. They have multiple regulatory licenses—including CySEC and the FSCA, promising a secure and compliant trading environment.

Why trade oil with Exness?

We rate Exness as our top pick for oil trading. While many brokers claim tight spreads and fast execution, Exness consistently delivers all these across multiple oil products, including UK OIL, US OIL, and a variety of oil stocks. This extensive selection offers oil traders flexibility to trade oil prices though the markets that suit their strategies, no matter whether they’re looking to trade the commodities through their spot price or indirectly through stocks.

Spreads with Exness remain low and stable, even during high-impact news events like NFP, CPI or FOMC. As the oil market is known for its volatility, this high level of consistency adds a layer of predictability that traders appreciate. Combine this with lightning-fast millisecond execution speeds, it ensures that traders can react quickly to market moves without a delay.

Another feature that’s worth highlighting is Stop Out Protection—a mechanism designed to protect oil traders from unnecessary stop outs during brief volatility in the oil markets. For those navigating leveraged oil trades, this protection can be the difference between maintaining or losing a position prematurely. US and UK oil products are available with a fixed leverage of 1:200.

Traders also have access to swap-free oil trading options, making Exness a viable choice for oil traders who follow Islamic finance principles. Additionally, we found that funds are accessible without long hold-ups, allowing for smooth, delay-free withdrawals.

Oil trading with Exness: Pros and cons

✅ Ultra-tight, stable spreads. Competitive spreads even during volatile news events.

✅ Many ways to trade oil. Oil can be traded via spot UK and US oil, or through oil-related stock CFDs.

✅ Multiple trading platforms. Oil trading supported on MT4, MT5, Exness Web Terminal, and Exness App 

✅ Regulated in multiple jurisdictions. Adds credibility and high level of trader protection.

❌ Limited educational resources. Not as strong as other brokers when it comes to beginner training or in-depth trading guides.

❌ Less markets than most. Exness does not offer as many markets as other brokers.

❌ High cost for social trading. Minimum of $500 to copy-trade, $2,000 to be a strategy provider.

Equiti Summary

Equiti is a UAE-regulated forex and commodity broker that’s rapidly gaining ground in the Middle East and beyond, offering traders access to global markets through a locally trusted platform. Licensed by the UAE’s SCA and other big names like the UK’s FCA and Jordan’s JSC, Equiti blends regional reliability with international standards. This makes Equiti a compelling choice for traders who want a local experience with global reach.

Equiti provides access to a range of instruments including oil & other commodities, forex, indices, global stocks, local UAE stocks, ETFs and cryptocurrencies, all tradable through MetaTrader 4, 5, and Equiti’s own web and mobile platforms. The broker supports both retail and pro accounts. A standout strength for Equiti is its localized support, especially for oil traders in the UAE and GCC. With dedicated Arabic and English-speaking service teams, plus offices in Dubai and Amman, Equiti stands out for its regional accessibility in the Arab world.

Why trade oil with Equiti?

Equiti stands as a reliable and locally regulated oil broker in the UAE, offering a secure and transparent way to access the global oil markets. Here at chooseabroker.ae, we recommend Equiti to traders looking for a broker that blends regional trust with A-grade tools and infrastructure.

With Equiti, you get access to UK and US oil via spot and futures CFDs. Oil traders can also access leading oil stocks and ETFs to access the oil market indirectly. With this, Equiti offers traders ample opportunity to diversify across different oil markets.

Oil traders can benefit from leverage up to 1:200 with Equiti, depending on account type and jurisdiction. This gives oil traders the flexibility to amplify their exposure responsibly. Equiti also provides rolling oil futures that are swap-free, come with fixed spreads, and no expiry dates. Such options could be attractive to traders looking for an alternative to traditional spot oil markets with clearer cost structures.

Costs are kept competitive with tight spreads starting from 0.022 pips on Equiti’s Standard account and no sign-up fees or unnecessary commissions. Plus, Equiti uses direct market access (DMA) and straight-through processing (STP), with no dealing desk interference. In short, this means Equiti does not trade against their clients, so there is no conflict of interest between you and the broker.

Another strong point is Equiti’s educational ecosystem, which includes a good size library of guides, videos, and tutorials designed to help traders at all levels build confidence and knowledge. This is reinforced by partnerships with the likes of Acuity Trading, giving clients access to daily trading ideas, sentiment analysis, market overviews, and real-time news.

Oil trading with Equiti: Pros and cons

✅ Regulated in the UAE. Equiti is licensed by the SCA.

✅ Multiple oil products available. Wide range oil stocks and ETFs, plus UK and US oil.

✅ Low trading costs. Tight spreads from 0.022 pips on oil.

✅ Swap-free rolling oil futures. No expiry dates, and an alternative to traditional spot oil.

✅ DMA and STP execution. No dealing desk interference.

✅ Strong educational tools. Tutorials, webinars, and daily oil market insights from Acuity.

❌ Trading conditions vary. Features and leverage will vary depending on location.

❌ Inactivity fee. Accounts are charged a monthly fee after 180 days of no trading activity.

❌ 1% e-wallet fee. Deposits and withdrawals via e-wallets incur a 1% fee.

XM Summary

XM is a globally recognized forex and CFD broker. They combine user-friendly platforms, and multilingual support tailored to oil traders of all experience levels. This has made them a leading name in the industry. Regulated across several jurisdictions, XM has built a reputation for transparency, educational outreach, and extremely solid client protection policies. XM is also regulated locally by the Dubai Financial Services Authority (DFSA).

Traders at XM can access over 1,000 instruments, including oil, forex, indices, stocks, and cryptocurrencies, with the flexibility to trade on MetaTrader 4, MetaTrader 5 or the XM App. With account types targeted for both beginners and advanced traders, XM’s appeal lies in its reliable spreads and very low minimum deposits. Whether you’re starting out with a demo or diving straight into live oil  markets, XM gives you a balanced mix of accessibility, regulation, and trading power—making it a reliable option for serious oil traders and the #4 option on our list for best oil brokers.

Why trade oil with XM?

XM shines as a solid choice for oil traders valuing high leverage, a broad selection of pairs, and strong educational support. XM’s oil offering is a thoughtful mix of flexibility, platform reliability, and client protection still makes it a broker worth considering—particularly if you’re looking for multilingual learning tools and local UAE support in English and Arabic.

XM offers access to multiple oil CFD products, including spot Crude and Brent oil, or a range of oil-related stocks to access the oil markets indirectly. All oil trading is done via CFDs. This is where traders speculate on the price of oil without actually owning the underlying asset physically. For those seeking higher exposure, with XM, you can get high leverage up to 1:200. Though availability may vary depending on your jurisdiction and oil market of choice.

Where XM earns extra points is its dedicated focus on trader education. Their in-house team of analysts and over 70 instructors provide in-depth market analysis, webinars, and tutorials—creating a trading environment centered around learning. This commitment to oil trading education makes XM appealing to traders who want to improve their understanding of oil markets while trading in real time.

The XM Standard Account offers accessible conditions for oil trading, with floating spreads starting from 0.03 pips, no re-quotes, and fast execution. With a minimum deposit of just $5, traders can open up to 200 simultaneous positions and trade in micro-lot sizes.Accounts can be funded in USD, EUR, GBP, JPY, CHF, SGD, and AUD, a solid range of options.

Oil trading with XM: Pros and cons

✅ High leverage available. Oil traders can access leverage up to 1:200

✅Competitive spreads. Starting from 0.03 pips on Crude, XM’s oil pricing is competitive.

✅ Broad selection of oil products. Trade Brent or Crude as CFDs or trade via oil stocks.

✅ Strong educational resources. In-depth market analysis, webinars, and over 70 instructors focused on the oil markets.

✅ Trading competitions. XM regularly holds trading competitions.

✅ Segregated client funds. All XM entities keep client funds separated.

✅ Local support for UAE traders. English and Arabic-speaking support available 24/5.

✅ Swap-free accounts. No swap account available for oil traders who want Sharia-compliant solutions.

✅ Regulated in multiple jurisdictions. Licensed by top-tier regulators including the DFSA, FCA, ASIC, IFSC, and CySEC.

❌ Leverage varies by region. 1:200 maximum leverage may not be available to oil traders in all jurisdictions.

❌ Inactivity fee: $15 fee imposed after 1 year of inactivity, then a $5 monthly fee if the account stays inactive.

❌ No proprietary desktop platform. XM does not have a proprietary trading platform for desktop.

❌ No crypto deposits. You can not deposit via cryptocurrency with XM