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?

Overall, Exness is a solid choice for oil trading. Exness consistently delivers tight spreads and fast execution 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 education.

❌ 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.

Admirals Summary

Admirals, formerly known as Admiral Markets, is a globally regulated trading broker offering a wide range of leveraged CFD products and physical investing in stocks and ETFs. Regulated in the UAE, UK, Cyprus, Australia, Jordan, South Africa, Seychelles, and Estonia, Admirals is known for its strong regulatory framework and high international presence. With over 20 years in the industry, the broker supports trading across forex, indices, commodities, bonds, cryptocurrencies, and thousands of global stocks and ETFs, providing traders with flexibility and access to over 8,000 instruments.

Users can trade on MetaTrader 4 and MetaTrader 5, both supported by Admirals’ enhanced MetaTrader Supreme Edition. Alternatively, Admirals have their own proprietary web and mobile platforms. The broker also emphasizes education and analysis, offering in-depth resources such as webinars, trading tutorials, and premium market insights. We found that Admirals provides multiple account types, competitive spreads, and a balanced mix of tools aimed at both beginner and advanced traders. Multilingual 24/5 customer support and a focus on security and user experience is another reason why we rate Admirals highly.

Why trade oil with Admirals?

Admirals offer a flexible approach to oil trading. Clients can either trade US Crude oil, Brent Oil or US Natural Gas all via CFDs. For UAE traders, the platform supports convenient funding methods like bank transfers, Visa/MasterCard payments, and e-wallets such as Neteller, Skrill, and PayPal—with no additional transfer fees. These features, combined with access to key energy markets, make Admirals a practical and accessible choice for oil trading in the region.

Oil trading with Admirals: Pros and cons

✅ Global regulation. Licensed in UAE, UK, Cyprus, Australia, Jordan, Seychelles, South Africa, and Estonia.

✅ Educational resources. Comprehensive webinars, tutorials, premium research content.

✅ Multiple platforms. Offers MT4, MT5 and the Admirals platform/app.

✅ Flexible funding methods. Supports bank transfers, credit/debit cards, and e-wallets.

❌ Low leverage. For retail clients, leverage is capped at 1:30.

❌ Inactivity fee. Monthly fee of €10 is charged after 24 months of account inactivity.

❌ Mobile app limitations: The Admirals app, while functional, lacks some advanced features.

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.

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

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

✅ 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 cannot deposit via cryptocurrency with XM