This guide is for forex oil in the UAE and GCC who are looking for the best oil broker to trade with. Oil trading via CFDs has grown massively in popularity in the UAE and globally, leading to hundreds of oil trading brokers now operating in the region. Having such a wide choice of online oil trading brokers can make it hard to differentiate and choose the right one.
To make things easier, we have researched and analyzed more than 125 oil brokers available for traders, narrowing it down to 4 of the top oil brokers, based on our evaluation.
A global CFD broker with broad international regulation, including in the UAE from the SCA and DFSA.
A world-leading broker offering forex along with CFDs on stocks, indices, crypto and commodities at competitive prices.
A well-known broker offering thousands of CFDs and real stocks. Excellent for advanced tools and education.
Recommended for MT4/MT5 traders looking for low average spreads along with top educational and analysis material.
Traders looking for solid educational support, UAE share trading, and detailed trading tools.
Minimum deposit
$100
Average forex spreads
1.4 pips
Demo account
Mobile trading
Time to open account
1 day
Forex trading options
70+ currency pairs
Full review
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.
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.
✅ 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.
Recommended for traders looking for some of the lowest industry spreads across multiple markets, unlimited leverage and advanced trading research.
Minimum deposit
$10
Average forex spreads
1 pip (EURUSD)
Demo account
Mobile trading
Time to open account
1 day
Forex trading options
Forex, stocks, indices, commodities, crypto
Full review
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.
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.
✅ 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.
Recommended for investors looking to invest in fractional shares from just $0.02 per share on US stocks, with the ability to receive dividends and the option to reinvest.
Minimum deposit
$250
Average forex spreads
0.8 pips
Demo account
Mobile trading
Time to open account
2-3 days
Forex trading options
Forex, stocks, indices, commodities, ETFs, bonds
Full review
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.
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.
✅ 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.
Recommended for MT4/MT5 traders looking for some the lowest average spreads along with top educational and analysis material.
Minimum deposit
$5
Average forex spreads
0.6 pips
Demo account
Mobile trading
Time to open account
1 day
Forex trading options
Forex, stocks, stock indices, thematic indices, commodities, crypto
Full review
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.
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.
✅ 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
Looking for the best oil brokers to trade with? Check out our in-depth broker reviews and choose the right one today.
Choosing the best oil broker requires careful consideration of regulation, trading conditions, fees, and customer support. A well-regulated and reputable broker will provide a secure trading environment, competitive spreads, and access to global markets. For traders in Dubai and wider region, the top brokers for oil trading offer:
If you’re ready to start trading oil, explore our expert reviews and compare the best brokers for oil trading to find the perfect platform for your needs.
Not all oil CFD brokers in Dubai offer the same trading conditions. Here are some key factors to consider when selecting the best broker for oil trading in the UAE:
By focusing on these factors, you can confidently select the best broker for oil trading that matches your trading style and needs.
Yes, oil trading is fully legal in Dubai and the UAE. However, while it’s legal for individuals to trade oil via CFDs, offering trading brokerage services or managing funds on behalf of others without a proper license is illegal. Always ensure you trade with a fully regulated oil CFD broker in Dubai to protect your funds.
Brokers offering commodity trading on oil that operate in Dubai and the UAE must comply with strict regulations set by financial authorities such as:
Choosing a regulated oil CFD broker licensed by any of the above ensures your funds are protected, and you are trading in a secure and legally compliant environment.
Getting started with oil trading in Dubai is straightforward if you follow these key steps:
Following these steps will help you trade profitably and safely with the best oil brokers online Dubai.
Yes, UAE residents can register with international brokers for oil trading, but it’s crucial to make sure the broker you choose is regulated in respected jurisdictions (like the UK’s FCA or Australia’s ASIC). Keep in mind, choosing a locally regulated broker under SCA, DFSA or ADGM’s FSRA provides more protection for local oil CFD traders and will align better with UAE financial regulations.
No, oil CFD trading is not taxable in the UAE. While many other countries will require traders to report capital gains or trading income, Dubai and the wider UAE have no personal income tax, making it a tax-efficient location to trade oil instruments freely.
Trading involves risk to your capital. As a general rule, you should only trade in financial products that you are familiar with and understand the risk associated with them. The risk warning described in each financial product below is not exhaustive, you should carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior making any investment.