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Brokers with Crude prices

  • #41
  • Apr 4, 2012 8:27am Apr 4, 2012 8:27am
Quoting Black Fox
Deltastock has it.

Thanks will have a look.
  • #42
  • Apr 4, 2012 8:40am Apr 4, 2012 8:40am
Quoting Black Fox
Deltastock has it.
Just spoke to the live chat guy , he gave me a couple of live quotes , first was 3 point spread second was 6 point spread a couple of minutes later , I can't operate with 6 point spreads and the market is pretty quiet and settled in a range for the last 3 hours , what would it be when it was busy ?

Thanks anyway.
  • #43
  • Apr 4, 2012 10:39am Apr 4, 2012 10:39am
I think you'll have a hard time finding retail broker with better spread.
There is no commission so Deltastock adds a mark-up to the spread.
On the other hand, LMAX has a four points spread but you pay commissions.

BTW Deltastock has recently added LMAX as a new liquidity provider.
:: everything is awesome ::
  • #44
  • Sep 5, 2014 12:43pm Sep 5, 2014 12:43pm
Hi,

Can anyone recommend any good Oil contract providers for their respective regions please, along with any insights as to why you feel they are good/bad/indifferent?

The obvious one is spread or round trip costs as a start. An ability to trial on demo would be an advantage.

Any feedback welcome.

HP
In life you get 3 types of people, those who can count and those who can't.
  • #45
  • Sep 17, 2014 2:03am Sep 17, 2014 2:03am
Interactive Brokers are great for trading Oil futures.

IC Markets good for WTI they offer decent spreads down to 4 cents NY session.

I have used both.
  • #46
  • Sep 24, 2014 5:25pm Sep 24, 2014 5:25pm
I'm trading XBRUSD and XTIUSD with Pepperstone. Spread as I write these are 0.5 and 0.3 respectively. Execution is fast and reliable, even on news.
"See the ball. Hit the ball."
  • #47
  • Mar 8, 2015 9:14am Mar 8, 2015 9:14am
i want to try trade in crude oil. mainly WTI. i have found some brokers providing WTI cfds or future. in maximum cases they are using 1000 barrels as contract and minimum trade size .1 or 100 barrels.

i want to get a broker that provide minimum trade size is 10 barrels. please help
  • #48
  • Mar 9, 2015 3:37pm Mar 9, 2015 3:37pm
Enrichers private limited regulated by PMEX.
XM
  • #49
  • Mar 11, 2015 12:42am Mar 11, 2015 12:42am
Hi guys,

Tickmill has introduced crude oil on its platform. On an ECN account the spread is currently 0,4.

It seems to me quite ok. (EU is generaly 0,2). Could anyone check at its broker platform and tells me how much he gets ?

Thanks,
  • #50
  • Mar 12, 2015 2:32am Mar 12, 2015 2:32am
Quoting stefcio2002
Hi guys, Tickmill has introduced crude oil on its platform. On an ECN account the spread is currently 0,4. It seems to me quite ok. (EU is generaly 0,2). Could anyone check at its broker platform and tells me how much he gets ? Thanks,
Can't you find them on MyFxbook?
  • #51
  • Edited 4:44am Mar 12, 2015 2:53am | Edited 4:44am
Quoting stefcio2002
Hi guys, Tickmill has introduced crude oil on its platform. On an ECN account the spread is currently 0,4. It seems to me quite ok. (EU is generaly 0,2). Could anyone check at its broker platform and tells me how much he gets ? Thanks,
0.04 is okay for a retail broker on WTI crude

but trading crude on retail is very expensive full stop, on 1 contract 0.04 = $40 spread

on a futures account the spread would be 0.01 = $10 plus commissions round trip =$4 so total cost would be $14

so on 3 contracts you have $120 spread v $45 spread etc...

but as I said 0.4 ok for retail - the ECN thing does not apply for crude as you will be trading a CFD or similar derivative

Personally I would be more concerned about the bucket shop broker you have chosen... registered in the Seychelles says it all..

but even more importantly...... are they really an ECN? read section 14 of the contract they are acting as a market maker for FX
  • #52
  • Mar 12, 2015 10:10pm Mar 12, 2015 10:10pm
Quoting MaxDoom
{quote} 0.04 is okay for a retail broker on WTI crude but trading crude on retail is very expensive full stop, on 1 contract 0.04 = $40 spread on a futures account the spread would be 0.01 = $10 plus commissions round trip =$4 so total cost would be $14 so on 3 contracts you have $120 spread v $45 spread etc... but as I said 0.4 ok for retail - the ECN thing does not apply for crude as you will be trading a CFD or similar derivative Personally I would be more concerned about the bucket shop broker you have chosen... registered in the Seychelles...
+1


There is no real ECN in retail FX or CFD's. When one of these brokers says ECN, it's a marketing ploy geared towards naive traders. 4 pips is horrible for crude, and as MaxDoom said you should be more concerned with them being a bucket shop - they're definitely a bucket shop. Regulated brokers will do 2-3 pips on the CFD - no buckets included.

In futures, you sometimes don't pay the spread as the dealing rate is based on the trading price which will sometimes let you buy at the bid, or sell at the ask. Round turn with some futures brokers is 3-5 dollars on 1 contract - sometimes a bit less.

To be clear, the OP said 0.4 - which would be great (minus the bucket shop thing) But they're actually 4.0 wide on the spread.

FYI - I am an Oil Junkie.
  • #53
  • Mar 13, 2015 7:15pm Mar 13, 2015 7:15pm
Quoting tin6tin9
i want to try trade in crude oil. mainly WTI. i have found some brokers providing WTI cfds or future. in maximum cases they are using 1000 barrels as contract and minimum trade size .1 or 100 barrels. i want to get a broker that provide minimum trade size is 10 barrels. please help
Take a look at FX Choice. Just opened an account to trade Brent & WTI.
  • #54
  • Mar 14, 2015 8:25am Mar 14, 2015 8:25am
you can probably look at cmc markets. They have notional based CFDs on wti and brent so you can take exposure as per your risk limits. Spread/Platform looks good too.
  • #55
  • Mar 14, 2015 10:32am Mar 14, 2015 10:32am
OANDA... I dont understand this barrel purchasing scheme, but you buy "units" in fx and trade them at leverage, anywhere from 1:20 to 1:50. You could probably get away with a minimum trade of $50 or less but what what would be point eh..
  • #56
  • Mar 14, 2015 10:33am Mar 14, 2015 10:33am
www.oanda.com
  • #57
  • Mar 14, 2015 10:35am Mar 14, 2015 10:35am
very safe big name broker world wide, follows all rules, 24 hour live support chat during trading hours
www.oanda.com
  • #58
  • Apr 12, 2015 2:46am Apr 12, 2015 2:46am
Quoting leebsurag
{quote} Can't you find them on MyFxbook?
been try to pull the spread comparison, but seem myfxbook didn't provide crude oil comparison yet, on all brokers including tickmill. but the spread are valid, checking on my trading platform. but the seem the minimum lot size are start 1 lot (but the value are same as 0.01 lot at normal currency). and based on my reading seem crude oil, and WTI (CFD) are quite different, but I can't tell much about it... been ask at crude oil thread but only general information I had, for now I'll try to compare both price, and try to figure out what the difference actually. but so far that's quite good spread for oil price trading.
  • #59
  • Jul 5, 2015 12:25am Jul 5, 2015 12:25am
Quoting tin6tin9
i want to try trade in crude oil. mainly WTI. i have found some brokers providing WTI cfds or future. in maximum cases they are using 1000 barrels as contract and minimum trade size .1 or 100 barrels. i want to get a broker that provide minimum trade size is 10 barrels. please help
I trade with FXCM, VOL down to 1 unit. think that's 1 cent or 10 cents a cent. spread normally 5 cents.
  • #60
  • Jul 7, 2015 5:38pm Jul 7, 2015 5:38pm
Quoting tin6tin9
i want to try trade in crude oil. mainly WTI. i have found some brokers providing WTI cfds or future. in maximum cases they are using 1000 barrels as contract and minimum trade size .1 or 100 barrels. i want to get a broker that provide minimum trade size is 10 barrels. please help
Quoting LuKa12
{quote} I trade with FXCM, VOL down to 1 unit. think that's 1 cent or 10 cents a cent. spread normally 5 cents.
Hi Tin6tin9,

As LuKa12 mentioned, FXCM offers micro lot trading in WTI through our USOil CFD. The contract size is 10 barrels, so you're risking 10 cents per tick.
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