Oil is one of the most popular forms of commodities trading This is due to its demand across a wide range of industries, including plastics, chemicals, and agriculture. It is also an essential commodity for consumers around the world who need oil to power their mode of transportation.
Reasons to trade CFDs on oil
Investors worldwide trade oil CFDs for several reasons, including:
- Hedging against the volatility of the oil market
- Avoiding the complications of physically trading oil
- Entering large trades with minimal capital by trading with leverage
No minimum deposit, no commissions, and even tighter spreads
If you want to trade oil with leverage, we’re pleased to inform you that CFDs on two of the most traded oil markets –– Crude Oil Brent Cash and West Texas Intermediate Crude Oil Cash –– are available on our MetaTrader 5 platform.
Trading on Binary.com’s MT5 platform requires no minimum deposit and incurs no commissions. We’ve also recently revised our oil spreads so you can now trade with even tighter spreads.