Low spread brokers trading crude oil
If you are looking for opportunities for crude oil price movements, it is best to trade with a quality crude oil commodity spread broker.。
If you are looking for opportunities for crude oil price movements, it is best to trade with a quality crude oil commodity broker.。
One of the most controversial financial assets in the market may be crude oil。Despite talk of ending the use of fossil fuels and switching to green energy, demand for crude remains high.。So, some experts don't think this commodity will disappear anytime soon。Arguments around assets can cause oil prices to rise or fall, and price fluctuations create excellent profit opportunities for traders, especially in the CFD market。
In general, there are many types of crude oil to watch, but Brent and WTI are the two main types of crude oil that receive the most attention in the world.。Brent crude is extracted from the North Sea, while WTI crude is extracted in the United States (mainly Texas)。Currently, Brent crude accounts for two-thirds of global crude pricing.。In addition to understanding the differences between Brent and WTI, it is also important to decide how to trade them。In this case, crude oil can be traded as futures, spot or even CFDs。
Where to trade crude oil
In addition to ensuring low spreads, a good crude oil trading broker should have other excellent qualities in leverage, platform and order execution。Of the many brokers who claim to be the best, only a few really stand out.。Here are some of them:
1. IC Markets
IC Markets is a good choice when it comes to the best brokers with good trading conditions。This Australian broker offers a flexible and simple way to get investment in some of the world's most popular commodities, including energy such as crude oil。IC Markets allows traders to open long and short positions in WTI and Brent crude through popular platforms such as MetaTrader 4, 5 and cTrader。
Currently, the spread between Brent crude oil futures and WTI futures is from 0.From 020, the average is 0.027 points。Traders also enjoy high leverage of up to 1: 500 with average execution speeds of less than 40 milliseconds。They offer free low-latency collocated VPS to ensure no re-quotes。
IC Markets International Capital Markets Pty Ltd.) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。
On the other hand, non-Australian traders who open accounts with the broker are registered under the Seychelles-based IC Markets SEY and are regulated by the Seychelles Financial Services Authority (SFSA).。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。
IC MarketsClassified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。
IC Markets "minimum deposits are at a moderate level compared to other ASIC-regulated brokers, as each customer has a deposit of $200.。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。
For payment methods, IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。
Due to the trading technology of IC Markets equipped with highly centralized servers and extremely low latency (especially on cTrader), the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。
In summary, IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。
2. FP Markets
FP Markets provides 1: 500 leverage for its commodity trading, including crude oil。The point difference of WTI is 0.04 points, while the minimum spread of Brent crude oil is 0.03 points, making FP Markets an excellent broker for low spread crude oil trading。
FP Markets offers one of the best platforms for beginners: MetaTrader 4 (MT4) for desktop, iOS, Android and Mac devices。They also offer an EA for traders who want to try out automated commodity trading。
Maintaining an overnight position will not result in overnight / rollover fees reducing your income, so you don't have to worry about。FP Markets offers the most competitive swap rates in the industry by introducing swap points in the form of real-time swap rate listings on the MT4 and MT5 platforms。For example:
- ACWI: long position is -5.00, the short position is -2.50。
ADAUSD: long position at -20.00, with a short position of -20.00。
AGG: long position is -5.00, the short position is -2.50。
3. AvaTrade
AvaTrade is another broker that can consider trading low spread crude oil with a minimum spread of 0.03 points, leverage up to 1: 100。AvaTrade is a good choice for commodity traders who are very busy and prefer mobile trading。
As we all know, they have one of the best mobile trading tools, called AvaTraderGo, which allows traders to execute trades whether they are on business, in the office or on holidays.。For better security, traders can use AvaProtect, a unique feature that can compensate traders for position losses。
Avatrade is one of the most comprehensive brokers, supporting almost all trading styles。Avatrade not only allows hedging, scalping and expert advisors (EA), but also completes its services through one cancellation of another order (OCO) and automated trading in many variants of automated trading systems.。
Founded in 2006, AvaTrade's primary mission is to allow people to trade with confidence.。If traders are still confused about the best broker to support traders trading, AvaTrade may be the trader's choice, as it has been evaluated and recognized for some of the industry's most outstanding financial and technical achievements for its clients.。
In 2019, the Dublin-based broker acquired Daytrading."Best Forex Broker 2019" by com。In addition, the company has been honored as "Best Forex Broker," "Best Bitcoin CFD Trading Provider of the Year" and "Best Alliance Program in Europe."。
In addition, for more liquid traders, AvaTrade offers a number of platforms that allow traders to trade using laptops and mobile phones。The availability of the free Autochartist tool in the platform is the best support for both novice and experienced traders, as it makes it easier for them to find trading opportunities without having to look at the chart all day。
Autochartist free signals available in gold accounts, platinum accounts and AVA Select。By opening an account with AvaTrade, traders do not have to pay for the full Autochartist service。Autochartist itself is a market scanning tool that can detect trading signals from various technical perspectives.。
Traders can access AvaTrade on multiple platforms such as AvaTradeGO, MetaTrader 4, MetaTrader 5, Automated Trading, Mac Trading, Web Trading, Mobile Trading and AvaOptions。
On the regulatory side, AvaTrade has a large number of credible licenses that guarantee security even with deposits as high as $10,000.。AvaTrade uses a separate account system, subject to the Central Bank of Ireland (No..C53877), ASIC Australia (No.406684), Japan JFSA (No.1662) and South Africa (FSP 45984) regulatory。
In the event of extreme market volatility, will traders suddenly lose more than their deposits??AvaTrade explicitly answers no because traders have negative balance protection。
AvaTrade has a minimum deposit of $100 and offers different leverage depending on the trading instrument; whether it is Forex (30: 1 start), Indices (20: 1 start), Commodities (5: 1 start), ETFs (5: 1 start) or Cryptocurrencies (2: 1 start)。
AvaTrade is committed to maintaining a set of customer-related values。As a result, the company offers the best trading experience with multilingual customer service and the most advanced and user-friendly trading platform.。
New traders can also learn Forex trading in the "Education" tab of the official AvaTrade website。Traders will find tons of articles, video tutorials and more tools to help them every step of the way。This is an important requirement as the forex market can be a bit unbearable and even scary at times, so traders need to make sure they are fully prepared before they start trading in a live account。
AvaTrade offers a variety of account types, as well as Islamic trading accounts specifically for Muslim traders.。The Islamic account type is similar to the regular account type with one key difference; it does not charge any special fees or interest (no overnight interest), which is in line with the financial principles of Islamic law。
Traders can choose AvaTrade as an ideal option if they are confident in forex trading。The minimum deposit and the various platforms offered are suitable for beginners trying Forex trading for the first time。
4. OctaFX
OctaFX is one of the lowest trading spreads for crude oil。WTI crude oil spread from 0.From 6 o'clock。However, Brent spreads were relatively high, from 1.Start at 1: 00。That being said, they are still excellent brokers for crude oil trading。They do not charge round-trip commissions for trading commodities and offer leverage of up to 1: 200 to amplify a trader's purchasing power.。
OctaFX is one of the most famous brokers in the world and has won many awards for its very comfortable trading atmosphere and close-to-client service。OctaFX was founded in 2011 and is headquartered in Nicosia Strovolou 47, Kyros Tower。
OctaFX has received authoritative awards including "Best ECN / STP 2019" and "Best Broker in Asia 2019" from FX Daily Info; the Best Broker in Asia 2018 from Global Banking and Finance Review Magazine; and the Best Forex Broker and Best Trading Conditions 2018 from European CEO Magazine.。
For traders in most countries, OctaFX is licensed by Octa Markets Incorporated and registered in Saint Vincent and the Grenadines.。The broker also offers various facilities, such as live chat in Indonesian and WhatsApp support services, and deposits and withdrawals can be made through various local banks.。OctaFX does not charge a commission for every deposit and withdrawal made by a trader。
OctaFX offers different types of accounts that use market execution (STP / ECN) and 0.Floating spread of 2 points。All accounts of the OctaFX broker allow the use of various forex strategies, including scalping, hedging and trading with an EA。
There is also a fixed exchange rate discount when opening a Micro MT4 account.。All deposits made in IDR will be calculated at the exchange rate of US $1 = Rs 10,000 and will be credited to the trader's account balance。In addition, Muslim traders who want to avoid overnight interest can also use a no overnight interest account。
OctaFX trading is also suitable for novice traders。Because OctaFX offers low spreads, from 0.0 points to start floating, the required initial deposit is also very low, only $25。Account currencies are USD and EUR。
OctaFX gives 50% bonus every time a trader makes a deposit。and OctaFX's opening opportunities increase, deposit bonuses can be withdrawn on terms and conditions。
If traders are still confused about calculating profits, the OctaFX platform provides a trading calculator for each account type, where traders simply enter the currency pair being traded, the amount of leverage, the number of lots, and the type of currency used in the account。
With the Autochartist function, the opportunity to make a profit is also increasing。Traders are quickly notified when a trade shows a profit signal。Trend prediction accuracy reached 83%。
Traders do not need to worry about the security of the broker's funds, OctaFX uses segregated accounts and protects personal data and online financial transactions through SSL technology, which is adjusted according to international accounting standards and regulations.。
Another advantage offered by OctaFX is the Trade & Win program。Opening an account with OctaFX will give you the opportunity to collect lots, which can be accumulated into a variety of attractive prizes. Traders only need to open a real account on MetaTrader4 or MetaTrader5 through OctaFX to redeem the prizes for this promotion. Prizes include T-shirts, Android smart watches, smartphones and laptops。
OctaFX often has bonuses and other promotions, the broker runs weekly trading competitions on demo accounts and offers real bonuses that can be used for trading。
One of the prize contests is the OctaFX Champion-MT4 Demo Contest, with four winners per period and a total prize of $1,000.。
5. Admirals
Admirals crude spreads from 0.From $05, leverage up to 1: 500。Traders can execute orders from the MetaTrader platform, accessible from both PC and mobile devices, and also allow mobile trading using the Admirals mobile app。In addition, the ASIC-regulated broker uses a negative balance policy to protect traders from losses caused by extreme volatility.。
Advantages of Crude Oil Trading
Now, the real question is, is the crude oil deal really that troublesome?In fact, crude oil is one of the best assets to diversify a trader's portfolio。One of the reasons is that crude oil has a unique position in the financial market. It is a key resource for vehicles, airplanes, heating and electricity。Due to the global economy's dependence on crude oil, the commodity is widely traded and is one of the most liquid products on the financial markets.。Traders can benefit from trading crude oil in a number of ways, including:
1.Better trade opportunities
Due to fluctuating prices, crude oil offers better opportunities。If traders can make the most of it, they can get a decent return even if the investment is much lower than usual。In fact, many successful traders make thousands of dollars from trading crude oil。Some people may prefer to trade crude oil futures with contracts so they can speculate on prices, whether they rise or fall。However, trading in crude oil requires the right skills, an understanding of the crude oil price market and its movements, and the ability to deal with risk。
2.High demand, limited supply
At present, the supply of crude oil is very limited, and not all countries can produce their own crude oil to meet their needs.。At present, there is no substitute for crude oil.。Despite the availability of renewable energy, it has not yet reached its full potential。This situation is good for crude oil investors, as prices are likely to remain at current levels.。With the right strategy, traders can take full advantage of this situation。
3.Liquidity and Leverage
Crude oil is considered a highly liquid trading asset, meaning it is easily converted into cash。The crude oil market is very active, with a large number of transactions taking place almost every day.。Moreover, crude oil CFDs are a leveraged financial product, meaning that traders can expand their trading capacity with minimal capital。
4.Convenient transactions
Although the first step in trading crude oil can be a bit complicated, due to its high liquidity, it is still one of the easiest assets to trade compared to any other financial product。The key is to understand the underlying factors driving oil prices。Once traders get the hang of it, it will be easier to understand price movements。Obviously, having a good broker and enough knowledge helps make trading easier。
Conclusion
More affordable crude oil trading through brokers that offer low spread crude oil trading services。While trading in crude oil itself is easy, it does require a good understanding of the fundamentals of the commodity。First, traders should understand the movement of crude oil in order to develop the best strategy。Another thing is that they have to be able to learn long-term charts。This can help traders understand the historical price of crude oil and thus perceive the trend pattern of crude oil price movements。
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