Been trading oil for a while but my current broker keeps having execution issues during volatile sessions.
Need something with tight spreads and actually fills orders when the market moves fast. What platforms have worked well for you guys with oil trading specifically?
Pepperstone handles oil pretty well during volatile periods. Their execution stays consistent even when crude jumps around inventory announcements.
I switched after getting too many requotes during OPEC meetings with my previous broker. The spread does increase during news events but orders actually go through.
Their MT5 platform runs smooth and I haven’t had issues with slippage on oil positions during major market moves.
XM works fine for oil but spreads get ugly during news. Better than brokers that just reject orders though.
Oil requires brokers with strong liquidity. Many retail platforms fail during fast movements of WTI or Brent due to limited market access.
Choose brokers that provide DMA or ECN access for commodities. They may have higher commissions but will fulfill your orders during news events.
Try any platform during inventory data releases or OPEC announcements to determine which can manage real volume and which will freeze or requote you.
Test multiple brokers with small size during EIA releases.
IC Markets has been solid for my oil trades. Their raw spread account gives decent pricing on WTI and Brent, especially during the London session.
Had similar problems with execution delays until I switched there about 6 months ago. Now my orders actually fill during NFP releases and EIA inventory reports instead of getting stuck in limbo.
The spreads widen during high impact news but that’s normal. At least the platform doesn’t crash like my old broker used to do every time oil spiked 2% in five minutes.
One tip - avoid trading oil around 10:30 AM EST on Wednesdays. That’s when EIA data drops and even good brokers can get messy for a few minutes.