Oil is one of the many resources you can trade as a CFD online. This means you will take a chance on the price of oil rather than buying the underlying asset, so you won’t need to take delivery of a hundred barrels of oil to your front room.

[img]https://eodvn.com/best-online-brokers-for-oil-stock/[/img]

These are the best brokers based on their brokers’ performance, transparency, level of service, product, and conditions offered by the company, such as the spread on the oil price.

XTB
XTB is a CFD platform that ropes Forex, indices, commodities, stock CFDs, ETF CFDs, and cryptocurrencies. It supports 48 currency pairs with low-cost spreads for Forex and offers leverage of up to 200:1 for leverage accounts.

Advantages
The number one advantage of this is that you can choose between xStation 5 or MT4 trading platforms.
There is a collection of 3000+ trading instruments across six asset classes and low spreads.

Disadvantages
It has fewer forex pairs than some top competitors.

It has no steady support.

FXTM
FXTM is also known as ForexTime and started operations in 2011 from its de facto headquarters in Limassol, Cyprus. Since then, FXTM has achieved speedy attained global expansion, motivated mainly by its desire to serve exact local markets with solid FX demand.

Advantages
It is majorly controlled by leading regulators CySEC and FCA
FXTM as access to both MT4 and MT5
It also has a remarkable selection of analysis and news
It has a robust educational offering.
There is the availability of both ECN and standard accounts.

Disadvantages
It is not the lowest spread on the standard account

ETORO
EToro was legally known as RetailFX. EToro is the original online Broker for social trading that was founded in 2007 by the Assia siblings and their friend David Ring in Tel Aviv, Israel. Their Open book social trading platform changed the nature of the way new online traders can trade the financial markets. It creates a user-friendly environment and automatically allows traders to copy the trades of other traders’ strategies, making the markets accessible and easy to everyone, irrespective of their experience level.

Source: https://eodvn.com/best-online-brokers-for-oil-stock/