Oil Trading Platforms – Trade Crude Oil Futures Online

The team at Live Oil Prices have hand picked the latest and best oil trading platforms which will allow novices to professionals to trade in the world of oil futures.

Trading Oil – A Quick Guide

Buying and selling oil contracts online through a trading broker works in the same way as buying and selling foreign currency pairs, although with different margins and leverage. This is a bonus as with all trading platforms, you will not only be able to trade in oil futures, you will also have access to trading on the FOREX marketplace (foreign exchange trading in currencies) and all depending on the platform, a range of other commodities too.

There are two main types of oil contracts which are traded on world markets, Brent crude oil and WTI crude oil. There are also two futures exchanges where oil contracts are traded, the ICE Futures Exchange and the NYMEX. Each oil trading platform may offer trading via the NYMEX, or the ICE exchange.

Who Trades Oil, and Why?

Trading in oil futures spans many industries, and as such, is affected by both high level geopolitical factors, as well as the trading activities of speculators. Players in the global oil trade range from entire economies, to large corporations, to traders on exchanges, down to the average person who wants to speculate and make money from buying and selling oil. The factors that may influence the price of oil are similar to that of any other market, in that they are affected by market forces. These can be political, financial, or even weather-related.

Try Before You Buy!

All of the oil trading platforms listed below offer new customers a free demo account where you can try their trading system free of charge, with no commitment at all. Trying out a system in advance is important, as the trading platforms vary from ultra simple, to cutting edge.

Oil Trading Platforms – Our Picks