Trade oil CFDs and spread bets with zero commission*

Trade WTI and Brent crude oil with FXCM. Go long or short on oil markets, access flexible position sizes, and trade from powerful platforms built for active commodity traders.

  • Choose spot or futures-based oil markets, where available
  • Dedicated 24/5 customer support
  • Go long or short with leverage1
  • Trade from Trading Station, TradingView or MT4

Over 25 years
in the markets.

Regulated and trusted by traders worldwide since 1999, FXCM is one of UK's most established brokers. We've built our platforms, products and support around what traders actually need.

Access key oil markets

Trade the world's most watched oil benchmarks from one FXCM account.

US flag

US oil

Trade WTI crude oil, one of the most widely followed oil benchmarks. WTI is commonly used as a reference price for US crude oil markets.

Spot oil

Trade spot oil products designed to reflect the current price of WTI or Brent crude, without a fixed contract expiry.
UK flag

UK oil

Trade Brent crude oil, a global benchmark for oil pricing. Brent is sourced from the North Sea and widely used across international energy markets.

Why trade oil with FXCM?

Trade rising and falling markets

Go long if you think oil prices may rise, or short if you think they may fall. Market movements against your position can result in losses.

Use leverage

Oil CFDs and spread bets are traded on margin, so you can open a position with a fraction of the full trade value. Leverage can amplify both profits and losses.

Choose spot or expiring contracts

Trade spot oil products, where available, or futures-based oil CFDs such as USOil and UKOil. Futures-based oil CFDs have expiry dates, while spot oil products do not expire.

Trade with competitive spreads

Oil trading costs are built into the spread. Target spreads vary by instrument and are subject to market conditions.

Trade oil alongside other markets

Access oil, gold, silver, natural gas, indices, shares CFDs/spread bets, and forex from the same FXCM account.

Choose your trading platform

Trading Station

FXCM's proprietary platform for desktop, web, and mobile. Built for chart traders, with advanced order types, indicators, market data, and custom layouts.

TradingView

Connect your FXCM account to TradingView and trade directly from advanced charts with 100+ indicators, alerts, and analysis tools.

MetaTrader 4

Use MT4 for forex and CFD trading, including expert advisors, micro lots, mobile trading, and familiar charting tools.

Start trading oil in three steps

Step 1

Open your account

Register online and complete a quick verification. 
Step 2

Fund your account

Log in and deposit using card, bank transfer or Apple/Google Pay.
Step 3

Place your trade

Set your trade size, stop loss and take profit, then click buy or sell

Not ready to trade live?

Practise with £50,000 in virtual funds on a free demo account, then move your best strategies to a live account when you're confident.

FAQs

What is oil CFD trading and spread betting?

Oil CFD trading and spread betting lets you speculate on the price movement of oil without owning or taking delivery of the physical commodity. Your profit or loss is based on the difference between your opening and closing price.

What oil markets can I trade with FXCM?

FXCM offers access to oil CFD and spread bet products linked to WTI and Brent crude oil, such as USOil, UKOil, USOilSpot, and UKOilSpot, depending on availability.

What is the difference between USOil and UKOil?

USOil is linked to WTI crude oil, a key US oil benchmark. UKOil is linked to Brent crude oil, a major global oil benchmark.

Do oil CFDs expire?

Some oil CFDs are based on futures contracts and have expiry dates. Spot oil products, such as USOilSpot and UKOilSpot, do not expire. Always check the product guide before trading.

Are there financing costs?

USOil and UKOil futures-based CFDs have no financing cost. Spot oil products may have financing or rollover costs if held overnight.

Is FXCM regulated by the FCA?

Yes. Stratos Markets Limited (trading as FXCM) is authorised and regulated by the Financial Conduct Authority. Registration number 217689. All retail client funds are held in segregated accounts.

Ready to trade oil?

Access WTI and Brent crude oil, powerful trading platforms, flexible position sizes, and 24/5 support with FXCM.

Need Customer Support?

Disclosure
1

Leverage: Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.

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Other fees may apply. See rate card