10 Best Forex Brokers for Energy Trading
The 10 Best Forex Brokers for Energy Trading revealed. The quest for traders to find suitable forex brokers specializing in commodities like gas and oil can be daunting. There are so many options and we have taken the time to sift through the options to identify the 10 Best Energy Forex Brokers.
In this in-depth guide, you’ll learn:
- Why Should You Trade Energy Commodities?
- Who Are The 10 Best Forex Brokers for Energy Trading?
- Exploring Energy Commodities: Oil, Gas, and Others
- Tips for Successful Energy Trading in Forex
- Our Conclusion on The 10 Best Forex Brokers for Energy Trading
- Popular FAQs about The 10 Best Forex Brokers for Energy Trading
And lots more…
So, if you’re ready to go “all in” with The 10 Best Forex Brokers for Energy Trading…
Let’s dive right in…
🏆 10 Best Forex Brokers
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> |
| 4 |  | Read Review | SFSA, FSCA, CySec* | USD 5 | Visit Broker >> |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> |
| 6 |  | Read Review | FCA, FINMA, FSA, ASIC | USD 0 | Visit Broker >> |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> |
| 8 |  | Read Review | Not Regulated | 0.001 BTC | Visit Broker >> |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> |
| 10 |  | Read Review | CySEC,MISA, FSCA | USD 20 | Visit Broker >> |
Why Should You Trade Energy Commodities?
Energies trading offers retail and institutional traders the opportunity to tap into the lifeblood of the global economy. These resources are essential for several industries, including transport, daily life, and more.
The supply and demand of energies ensure near-constant volatility directly linked to geopolitical events, environmental policies, and technological advancements. These factors ensure traders can easily capitalize on price fluctuations in the energy market.
In addition, energies are typically an ideal way for traders to diversify their portfolios beyond trading forex, stocks, and other financial instruments. However, energy trading requires a fundamental understanding of global markets and the factors that drive energy prices.
Therefore, energy trading should be approached carefully, and traders must identify a suitable broker to align with their personal trading strategies and objectives.
10 Best Forex Brokers for Energy Trading (2024*)
- ☑️Pepperstone – Low-cost MetaTrader platform experience.
- ☑️Tickmill – Voted multi-asset platform Broker.
- ☑️HFM – Best trading services.
- ☑️Octa – The Best Global financial market.
- ☑️RoboForex – Best trading platform.
- ☑️AvaTrade – Award-winning FCA-regulated trading platform.
- ☑️Exness – Award-winning Broker in 2024*
- ☑️GO Markets – Offers multiple trading account types.
- ☑️easyMarkets – Low-cost MetaTrader platform experience.
- ☑️eToro – Best customer service.
Best Forex Brokers for Energy Trading
| 👥 Brokers | 👉 Open Account | 💰 Minimum Deposit | ⚖️ Maximum Leverage on Energies | ✔️ Starting spread |
| 1. Pepperstone | 👉 Open Account | $200 | 1:200 | 0.0 pips |
| 2. Tickmill | 👉 Open Account | $100 | 1:100 (FSA, LFSA, FSCA, DFSA) | From 0.0 pips |
| 3. HFM | 👉 Open Account | $0 | 1:200 | 0.0 pips |
| 4.Octa | 👉 Open Account | $25 | 1:50 | From 0.6 pips |
| 5. RoboForex | 👉 Open Account | $10 | 1:20 | From 0.0 pips |
| 6. AvaTrade | 👉 Open Account | $100 | 1:200 | 0.9 pips EUR/USD |
| 7. Exness | 👉 Open Account | $10 | 1:2000 | 0.0 pips EUR/USD |
| 8. GO Markets | 👉 Open Account | $200 | 1:30 | From 0.0 pips |
| 9. easyMarkets | 👉 Open Account | $25 | 1:20 | 0.5 pips EUR/USD |
| 10. eToro | 👉 Open Account | $10 | 1:10 | 1 pip |
10 Best Forex Brokers for Energy Trading
Pepperstone
Overview
Pepperstone is one of the best brokers for energy trades, especially for traders who want competitive pricing. With Pepperstone, traders can easily start trading energies with spreads from 0.5 pips on Gas, perfect for scalpers and algorithmic traders.
Pepperstone offers leverage of up to 1:200 on energies and applies negative balance protection on all retail accounts, ensuring traders do not lose more than their invested amount.
Unique Features
| Feature | Information |
| ⚖️ Minimum Commission per Trade | From AU$7 |
| 💻 Decimal Pricing | 5th decimal pricing after the comma |
| 💵 Minimum Spread | Variable, from 0.0 pips EUR/USD |
| 💸 Minimum Deposit | 200 AUD |
| 📱 Margin Call | 90% |
| 📊 Stop-Out | 20% |
| 👉 Open Account | 👉 Open Account |
Energies Trading Conditions and Information
| 📍 Spreads on Oil | Gas – from 8 pips Brent Crude – 2.5 pips WTI Cash – 2.5 pips |
| 📍 Spreads on Gas | From 0.5 pips |
| 📍 Maximum Leverage on Energies | 1:200 |
| 📍 Energy Commodities Available | 5 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Pepperstone is well-regulated by several entities | Pepperstone requires a high minimum deposit |
| Traders can participate in several energy markets | Traders can still lose their invested funds regardless of negative balance protection |
| Pepperstone offers transparent trading conditions | |
| Traders can use leverage of up to 1:200 on energies |
Tickmill
Overview
Tickmill offers an enticing proposition for all energy traders, with spreads from 0.001 pips on gas and 0.04 pips on oil. Tickmill offers leverage of up to 1:100 to traders who register through the FSA, LFSA, FSCA, or DFSA entities, ensuring that traders can maximize their profit potential.
Furthermore, traders can choose from three flexible account types that offer competitive trading conditions. Tickmill supports using MetaTrader 4 and 5 across devices and its native app.
Unique Features
| Feature | Information |
| ⚖️ Minimum Commission per Trade | $1 per side, per standard lot traded |
| 💻 Decimal Pricing | 5th decimal pricing after the comma |
| 💵 Minimum Spread | From 0.0 pips |
| 💸 Minimum Deposit | 100 USD |
| 📱 Margin Call | 100% |
| 📊 Stop-Out | 30% |
| 👉 Open Account | 👉 Open Account |
Energies Trading Conditions and Information
| 📍 Spreads on Oil | Brent – 0.04 pips Crude Oil – 0.04 pips |
| 📍 Spreads on Gas | 0.001 pips |
| 📍 Maximum Leverage on Energies | 1:100 (FSA, LFSA, FSCA, DFSA) |
| 📍 Energy Commodities Available | 3 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Tickmill offers leverage of up to 1:100 on energies | There are limited energy instruments |
| Traders can expect tight spreads on energies | Spreads can widen drastically in volatile markets |
| There are powerful trading platforms offered for energy trading | |
| Tickmill offers several risk management tools to safeguard traders |
HFM
Overview
HFM lowers the barriers to entry in energy markets by not setting a minimum deposit when traders register a trading account. Once registered, traders can deposit a low minimum of 5 USD using credit/debit cards to get started in energy trading.
With HFM, traders can trade Oil energies with competitive spreads from 0.04 pips on UK Brent, making this instrument ideal for scalpers.
Unique Features
| Feature | Information |
| ⚖️ Minimum Commission per Trade | From $6 per round turn on Forex |
| 💻 Decimal Pricing | 5th decimal pricing after the comma |
| 💵 Minimum Spread | 0.0 pips |
| 💸 Minimum Deposit | 0 USD |
| 📱 Margin Call | Between 40% to 50% |
| 📊 Stop-Out | Between 10% and 20% |
| 👉 Open Account | 👉 Open Account |
Energies Trading Conditions and Information
| 📍 Spreads on Oil | UK Brent – 0.04 pips US Crude – 0.09 pips |
| 📍 Spreads on Gas | - |
| 📍 Maximum Leverage on Energies | 1:200 |
| 📍 Energy Commodities Available | 2 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| There is no deposit minimum when registering an account | HFM offers limited deposit and withdrawal methods |
| Traders can expect competitive energy spreads from 0.04 pips | HFM does not offer gas or heating oil |
| HFM is a well-regulated broker with a good reputation | |
| Traders can use powerful tools and platforms to trade energies |
Octa
Overview
Octa is a flexible option for energy traders, with varying lot sizes and robust margin and stop-out levels. With spreads from 0.6 pips, traders can easily gain entry into energy markets. Furthermore, Octa offers leverage of up to 1:50 with the benefit that negative balance protection applies.
Unique Features
| Feature | Information |
| ⚖️ Minimum Commission per Trade | None |
| 💻 Decimal Pricing | 5th decimal pricing after the comma |
| 💵 Minimum Spread | From 0.6 pips |
| 💸 Minimum Deposit | 25 USD |
| 📱 Margin Call | 25% |
| 📊 Stop-Out | 15% |
| 👉 Open Account | 👉 Open Account |
Energies Trading Conditions and Information
| 📍 Spreads on Oil | Brent – 0.7 pips Brent Crude Daily Expiration – 0.7 pips WTI Crude Oil – 0.7 pips WTI Crude Daily Expiration – 0.6 pips |
| 📍 Spreads on Gas | 1.8 pips |
| 📍 Maximum Leverage on Energies | 1:50 |
| 📍 Energy Commodities Available | 5 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Octa is regulated in several regions | Octa offers limited retail accounts |
| Traders can expect negative balance protection on accounts | Typical spreads are marked up and can widen in volatile markets |
| Octa has a low minimum deposit | |
| There are a few energies trading options |
RoboForex
Overview
RoboForex offers traders a choice between several flexible accounts to trade energies. Furthermore, traders can start trading with a low minimum deposit of 10 USD. In addition, the spreads on oil are competitively tight, and traders can use leverage of up to 1:20 on energies.
Energy trading with RoboForex can occur across several powerful trading platforms. RoboForex offers education, market analysis, and other tools and resources for energy traders to refine and improve their trading strategies.
Unique Features
| Feature | Information |
| ⚖️ Minimum Commission per Trade | 10 USD per million traded |
| 💻 Decimal Pricing | 5th decimal pricing after the comma |
| 💵 Minimum Spread | From 0.0 pips |
| 💸 Minimum Deposit | 10 USD |
| 📱 Margin Call | 40% to 60% |
| 📊 Stop-Out | 10% to 40% |
| 👉 Open Account | 👉 Open Account |
Energies Trading Conditions and Information
| 📍 Spreads on Oil | Brent Crude – 1.7 pips Light Crude Oil – 1.7 pips |
| 📍 Spreads on Gas | - |
| 📍 Maximum Leverage on Energies | 1:20 |
| 📍 Energy Commodities Available | 2 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| There are versatile trading conditions across accounts | RoboForex does not have Tier-1 regulation |
| Traders have flexibility in terms of position sizes | There are limited energy instruments |
| RoboForex applies for negative balance protection |
AvaTrade
Overview
AvaTrade is one of the best brokers regarding comprehensive spread offerings, especially for traders who want over-the-market prices on oil and gas. With AvaTrade, traders can trade 4 energy instruments using leverage of up to 1:200.
Furthermore, AvaTrade offers comprehensive education and several trading tools to help beginners and professionals navigate the volatile energy markets.
Unique Features
| Feature | Information |
| ⚖️ Minimum Commission per Trade | None; only the spread is charged |
| 💻 Decimal Pricing | 5th decimal pricing after the comma |
| 💵 Minimum Spread | 0.9 pips EUR/USD |
| 💸 Minimum Deposit | 100 USD |
| 📱 Margin Call | 50% on Retail 25% on AvaOptions Accounts |
| 📊 Stop-Out | 10% |
| 👉 Open Account | 👉 Open Account |
Energies Trading Conditions and Information
| 📍 Spreads on Oil | From $0.03 over the market on Crude Oil |
| 📍 Spreads on Gas | From $0.006 over market |
| 📍 Maximum Leverage on Energies | 1:200 |
| 📍 Energy Commodities Available | 4 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| AvaTrade is a well-known and trusted broker | AvaTrade applies inactivity fees |
| Traders get competitive pricing on energies | There are limited retail accounts |
| Traders can use leverage of up to 1:200 | |
| AvaTrade offers comprehensive education |
Exness
Overview
Exness is notable for its high leverage ratios on energies, allowing traders to open larger positions and increase their profit potential. In addition, Exness applies negative balance protection to all retail accounts, ensuring traders do not lose more than their invested funds.
While the spreads on gas are much higher than those of competitors, traders can expect tight spreads on Crude Oil, starting from 1 pip. Exness offers several helpful tools and features that allow traders to refine their trading strategies for the energy markets.
Unique Features
| Feature | Information |
| ⚖️ Minimum Commission per Trade | From $0.1 per side, per lot |
| 💻 Decimal Pricing | 5th decimal pricing after the comma |
| 💵 Minimum Spread | 0.0 pips EUR/USD |
| 💸 Minimum Deposit | Depends on the payment system |
| 📱 Margin Call | 60% |
| 📊 Stop-Out | 0% |
| 👉 Open Account | 👉 Open Account |
Energies Trading Conditions and Information
| 📍 Spreads on Oil | Brent Crude Oil – 5.8 pips Crude Oil – 1 pip |
| 📍 Spreads on Gas | 17.9 pips |
| 📍 Maximum Leverage on Energies | 1:2000 |
| 📍 Energy Commodities Available | 3 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Exness offers unlimited position sizes | Exness offers a limited range of tradable instruments |
| Traders can use leverage of up to 1:2000 | Spreads on gas are wider than that charged by competitors |
| There are several risk management tools offered | |
| Exness offers flexible account types that offer access to several markets |
GO Markets
Overview
GO Markets’ trading conditions regarding energy trading are flexible and competitive compared to other brokers. Furthermore, GO Markets caters to traders who are cautious of margin calls by providing larger stop-out levels.
GO Markets offers 6 energy instruments with variable spreads that depend on market conditions and the trading account used.
Unique Features
| Feature | Information |
| ⚖️ Minimum Commission per Trade | From US$2.50 |
| 💻 Decimal Pricing | 5th decimal pricing after the comma |
| 💵 Minimum Spread | From 0.0 pips |
| 💸 Minimum Deposit | 200 AUD |
| 📱 Margin Call | 80% |
| 📊 Stop-Out | 50% |
| 👉 Open Account | 👉 Open Account |
Energies Trading Conditions and Information
| 📍 Spreads on Oil | Brent Crude Oil – variable US Oil Futures – Variable UK Oil Futures – Variable |
| 📍 Spreads on Gas | Variable |
| 📍 Maximum Leverage on Energies | 1:30 |
| 📍 Energy Commodities Available | 5 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| GO Markets is a large and reputable broker | GO Markets does not publish spreads for energies on the website |
| 5 energy instruments can be traded | Leverage on commodities can be limited |
| GO Markets offers some of the best risk management tools and features | |
| Traders can trade energies using powerful trading platforms |
easyMarkets
Overview
easyMarkets is known for its beginner-friendly trading environment. easyMarkets offers a flexible choice between energies, with tight spreads from 1.1 pips when traders use MetaTrader 5. easyMarkets is reputable and known for safeguarding traders in volatile markets.
Unique Features
| Feature | Information |
| ⚖️ Minimum Commission per Trade | None; only the spread is charged |
| 💻 Decimal Pricing | 5th decimal pricing after the comma |
| 💵 Minimum Spread | 0.5 pips EUR/USD |
| 💸 Minimum Deposit | 25 USD |
| 📱 Margin Call | 70% |
| 📊 Stop-Out | 30% |
| 👉 Open Account | 👉 Open Account |
Energies Trading Conditions and Information
| 📍 Spreads on Oil | Oil/USD – from 1.1 pips MT5 BRT/USD – from 1.1 pips MT5 Heating Oil – from 3 pips MT5 |
| 📍 Spreads on Gas | From 10 pips MT5 |
| 📍 Maximum Leverage on Energies | 1:20 |
| 📍 Energy Commodities Available | 4+ |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| easyMarkets is well-regulated by top entities | Spreads of energies can widen quickly in volatile markets |
| The spreads on energies are competitive | easyMarkets’ spreads are marked up |
| Traders can expect commission-free trading with easyMarkets | |
| There is a low minimum deposit requirement |
eToro
Overview
eToro is the best social trading broker and platform and a flexible option for energy trading. Traders can access the eToro website and web trading platform to view live spreads on all energy markets.
Furthermore, traders can expect competitive trading conditions and commission-free trading from eToro. eToro allows several trading strategies and their conditions are ideal for various traders regardless of their skill level.
Unique Features
| Feature | Information |
| ⚖️ Minimum Commission per Trade | None; only the spread is charged |
| 💻 Decimal Pricing | 5th decimal pricing after the comma |
| 💵 Minimum Spread | 0.5 pips EUR/USD |
| 💸 Minimum Deposit | From 10 USD |
| 📱 Margin Call | 70% |
| 📊 Stop-Out | 30% |
| 👉 Open Account | 👉 Open Account |
Energies Trading Conditions and Information
| 📍 Spreads on Oil | Oil – variable Euro Oil – variable CL.MAY24 – variable Heating Oil - variable |
| 📍 Spreads on Gas | Variable |
| 📍 Maximum Leverage on Energies | 1:10 |
| 📍 Energy Commodities Available | 6 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| eToro is strictly regulated by several entities | The minimum deposit can be high for some regions |
| The eToro platform is award-winning and feature-rich | eToro’s spreads are marked up and can widen in volatile markets |
| Traders do not pay commission fees on trades | |
| There are several energy instruments offered |
Exploring Energy Commodities: Oil, Gas, and Others
The energy industry is a tapestry of commodities that keep the world’s wheels turning. At its heart, oil and natural gas dominate trade discussions and shape economic policy.
When we talk about oil in trading, we typically refer to the benchmarks such as Brent Crude and WTI. These energies serve worldwide price norms, with values influenced by geopolitical stability, technical developments, and supply and demand adjustments.
Natural gas is a cleaner alternative to other fossil fuels. Natural gas has a trading dynamic that is impacted by seasonal demand, production levels, and storage records, particularly in nations where it is the predominant source of heating or energy.
Beyond these energy giants, the energy commodity family also includes heating oil, ethanol, and electricity futures, each with their market forces.
Ethanol, intimately linked to agricultural output and policy changes in green energy, adds another layer of complication.
On the other hand, electricity futures let traders speculate on future power costs and demand, which are impacted by various factors ranging from weather forecasting to industrial growth rates.
Trading energy commodities entails knowing the physical components and managing the complexities of market sentiment, regulatory changes, and technology advancements that can disrupt or improve supply systems.
Overall, as renewable energy sources like solar and wind power gain popularity worldwide as a solution to the environmental impact of conventional energies and usage, traders can consider associated commodities and how they will affect the traditional energy balance.
Tips for Successful Energy Trading in Forex
Traders who want to venture into energy trading must know that navigating this market involves insight, disciplined strategies, and a deep understanding of how variables that influence energy prices interact. To help traders, we provide a few tips on how to navigate this market effectively:
- The Organization of Petroleum Exporting Countries (OPEC) substantially influences oil prices. Decisions taken during OPEC meetings might cause price volatility, which traders can exploit.
- Natural gas fees can change dramatically depending on weather conditions, especially in areas that rely on it for heating and cooling. Staying ahead of weather forecasts and recognizing seasonal trends might help you make smart trading decisions.
- Geopolitical events have a significant impact on energy prices. Whether Middle Eastern tensions affect oil supply or American fracking rules influence natural gas output, traders must remain updated on global news.
- Energy traders must use charts and technical indicators to navigate energy markets. Whether studying trends or predicting possible breakouts, a trader’s ability to read and comprehend charts may make a big difference.
- Volatility in energy commodities may be both beneficial and detrimental. Traders must use effective risk management strategies such as stop-loss orders to hedge against market volatility and avoid over-leveraging.
- Use the economic calendar offered by your energy broker. Economic calendars can show reports and events that could affect oil and gas prices.
- Use a combination of technical and fundamental analysis to help make informed decisions and make sense of market fluctuations.
- Leverage can help traders open larger positions and boost profitability. However, because the energy markets are so volatile, traders must use leverage cautiously.
- Because the energy markets are so volatile, traders must ensure they can adapt to different conditions.
Conclusion
In our experience, the energy markets can be extremely lucrative to retail and professional traders. Furthermore, most forex brokers offer energy instruments that can be traded.
When evaluating energy brokers to find the best, traders must consider the broker’s regulations, trading conditions, leverage options, customer support, tools and education, and risk management tools for safeguarding capital.
Energy trading can offer traders an ideal way to diversify their overall portfolio. However, traders must ensure they have the knowledge and tools to navigate this volatile market.
Frequently Asked Questions
Can I trade energy options or futures using a forex broker?
Yes, you can. Many brokers specialize in this sector, offering oil, natural gas, and other commodities contracts.
Do forex brokers offer research and analysis on the energy markets?
Yes, most brokers provide outstanding market analysis and commentary, fundamental analysis, and technical tools ideal for energy trading.
Is the trading platform important for energy trading?
Yes, it is. A robust and feature-rich trading platform should offer comprehensive charting capabilities, technical indicators for commodity research, and simple order execution.
What makes a forex broker suitable for energy trading?
A suitable energy trading broker should provide diverse energy-related assets (oil, natural gas, etc.), competitive spreads, dependable platforms, and educational materials on the energy market.
Is there demo trading for energy products?
Yes, many reputable brokers typically provide demo accounts, an important tool to experience trading energy commodities in a risk-free environment. They are also ideal for traders who want to test their trading strategies in simulated environments.
What educational resources do forex brokers offer concerning energy trading?
The best brokers provide substantial instructional materials on energy markets, including seminars, market research papers, and trading techniques tailored to these assets.
Top 4 Brokers
