PU Prime
Visit brokerBest brokers to trade Oil in Australia in 2026
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Discover our selection of brokers in Australia offering Crude Oil trading.
Among brokers for Oil trading in Australia, the FXStreet Team highlights PU Prime as one of the most notable options in 2026. It offers multiple trading platforms, competitive Oil spreads and flexible Oil leverage. Fusion Markets offers Oil CFD trading with competitive trading conditions, and FXT pairs it with a long track record in the market. Each broker featured in this article operates an Australian Securities and Investments Commission (ASIC)-regulated entity. Australian traders should still confirm which legal entity will hold their account, as protections and trading conditions can differ between entities within the same broker group. Australia is a net importer of refined fuel, and the Australian Dollar is widely followed as a commodity-linked currency. Oil trading is available to Australian traders through brokers regulated by the Australian Securities and Investments Commission (ASIC). Oil trading lets a trader speculate on the price of Crude Oil without buying or storing physical barrels. It is one of the most actively traded commodity markets, and it is driven by global supply and demand. The price of Crude responds to changes in supply and demand, including OPEC+ output decisions, US production levels and global economic growth. Geopolitical events and weekly US inventory data can also cause sharp short-term moves. Oil is closely connected to the foreign exchange market. Crude is priced in US Dollars, so the two often move in opposite directions, and currencies such as the Canadian Dollar and Norwegian Krone are known as petrocurrencies because they track Oil prices.
Which assets do the best Oil trading brokers in Australia offer?
Besides Oil, all these brokers offer a range of other assets, so a trader can trade Crude alongside other markets. Crude Oil is traded through two main benchmarks, Brent Crude from the North Sea and West Texas Intermediate (WTI) from the United States, which together set the price for most Oil around the world. Retail traders access these benchmarks through Oil CFDs, the most common route, or through futures, options, exchange-traded funds and shares in Oil companies. Oil is one instrument within the broader commodities asset class, and a broker that offers Oil typically also covers other energy and commodity markets. The comparison table below breaks down the asset classes each broker offers.
Broker name
Instruments
PU Prime
Forex (Major & Minor Pairs), Exotic Pairs, Indices, Future Indices, Stocks, Share CFDs, US Stocks, Regional Stocks, ETFs / ETNs, US ETFs, Commodities, Energy & Oil, Precious Metals, Gold, Silver, Cryptocurrencies, Bonds
Fusion Markets
Forex (Major & Minor Pairs), Indices, Share CFDs, Commodities, Energy & Oil, Precious Metals, Gold, Silver, Cryptocurrencies
FXT
Forex (Major & Minor Pairs), Exotic Pairs, Indices, Stocks, Share CFDs, US Stocks, Regional Stocks, Commodities, Energy & Oil, Precious Metals, Gold, Silver, Cryptocurrencies
Capital.com
Forex (Major & Minor Pairs), Indices, Stocks, Share CFDs, US Stocks, US ETFs, Commodities, Energy & Oil, Precious Metals, Gold, Silver, Cryptocurrencies, Interest Rates
The data shows that the four brokers combine Oil with a wider set of markets. PU Prime offers exotic Forex pairs, future indices, ETFs and bonds alongside energies, precious metals, including Gold and Silver, and cryptocurrencies. Fusion Markets focuses on Forex, indices, share CFDs, commodities, like energies or precious metals (Gold and Silver), and cryptocurrencies. FXT sits between these, matching PU Prime on exotic Forex pairs and regional shares but without ETFs or bonds.
How much leverage offer these top brokers for Oil interested traders in Australia?
Leverage sets the ratio of borrowed capital a broker makes available relative to a trader's own funds. Leverage controls how much exposure a trader can take relative to the funds in the account, and it works the same for Oil CFDs as for other instruments. In Australia, retail leverage is capped by the regulator, which limits the size of position a trader can open relative to their deposit. Oil CFDs can track either the spot price, which rolls over with no expiry, or a futures contract that settles on a set date. Because Oil is volatile and CFDs are leveraged, regulators cap retail leverage in several major markets, which limits the size of position a trader can open relative to their deposit. Use the table below to compare leverage description, max leverage for retail traders and max leverage for professional traders across the four brokers.
Broker name
Leverage
Max Professional Leverage
Max Retail Leverage
PU Prime
ASIC, with leverage on Forex trading capped at 30:1.
1:1000
1:1000
Fusion Markets
Max Leverage (Retail) is 1:500 for VFSC/FSA clients, and is 1:30 for ASIC clients
1:500
1:500
FXT
Maximum leverage depends on your client type and where you’re regulated. Retail (ASIC regulated): up to 1:30 on Forex and 1:20 on CFDs. Professional (wholesale): you can access up to 1:2000 overall (dynamic for Forex and Gold, starting at 500:1 and scalable with balance tiers, and you can apply to increase it). By instrument, Forex pairs can be up to 1:2000, Gold up to 1:500, and other assets have lower caps (e.g., indices up to 1:200, crypto up to 1:100).
1:2000
1:2000
Capital.com
FCA, CySEC and ASIC 1:30, SCB up to 1:200 except Crypto 1:20
1:500
1:30
The data shows that leverage terms vary widely across these brokers. PU Prime lists maximum leverage of 1:1000 for both retail and professional traders, while Fusion Markets shows 1:500 for both categories. FXT displays the highest figures in the table, with maximum leverage of 1:2000 for retail and professional clients, alongside a description that ties specific caps to client type, regulation and instrument. Capital.com shows the lowest retail maximum at 1:30 and a professional maximum of 1:500, with its description distinguishing between different regulators and a higher cap of up to 1:200 under the Securities Commission of the Bahamas (SCB) in the Bahamas.
Are spreads low at these best brokers that offer Oil trading?
Spreads state the difference between the buy and sell price a broker quotes on an instrument. The spread is a cost built into every trade, and it applies to Oil CFDs just as it does to other instruments. For a trader who trades Crude often, the spread is one of the main costs that shapes net returns. Use the table below to compare spreads.
Broker name
Spreads
Raw Spreads
PU Prime
spreads from 1.3 pips
RAW spread + 2 USD per lot Spreads from 0.0 pips
Commission $2 per lot, per round turn
Fusion Markets
spreads from 0.9 pips
RAW spread + 4.5 USD per lot $4.50 per lot per round turn
FXT
spreads from 0.0 pips
-
Capital.com
spreads from 0.3 pips
-
The data shows that spreads and raw spread pricing vary across these four brokers. FXT lists the tightest quoted spreads, starting from 0.0 pips, while PU Prime shows the widest, starting from 1.3 pips. Capital.com and Fusion Markets sit between these two, with spreads from 0.3 pips and 0.9 pips respectively. On raw spread accounts, PU Prime offers raw spreads from 0.0 pips with a commission of 2 United States Dollars per lot per round turn, whereas Fusion Markets prices raw spreads with a commission of 4.5 United States dollars per lot per round turn.
How well-regulated are these top brokers?
Regulation indicates the licences a broker holds and the authorities that oversee it. In Australia, these brokers are authorised by the Australian Securities and Investments Commission (ASIC), a top-tier regulator, which oversees how client funds are handled. Before a trader can open an Oil CFD position, the broker is required to verify the trader's identity, a step that regulated firms must complete before accepting deposits. This check is part of the oversight that a regulated broker operates under, and it applies to every account the broker opens. Use the table below to compare regulation across the four brokers.
Broker name
Regulation
PU Prime
ASIC, CMA, FSA, FSC, FSCA
Fusion Markets
ASIC, FSA, VFSC
FXT
ASIC, VFSC
Capital.com
ASIC, FCA, SCB
The table shows that all these broker groups operate an ASIC-regulated entity for Australian clients. PU Prime has the broadest regulatory profile, combining the ASIC authorisation with the Capital Markets Authority (CMA) in the United Arab Emirates, the Financial Services Authority (FSA) in Seychelles, the Financial Services Commission (FSC) in Mauritius and the Financial Sector Conduct Authority (FSCA) in South Africa. Fusion Markets and FXT each pair the mentioned ASIC in Australia with the Vanuatu Financial Services Commission (VFSC) in Vanuatu, adding Fusion Markets the FSA in Seychelles. Capital.com combines ASIC with the Financial Conduct Authority (FCA) in the United Kingdom and the Securities Commission of The Bahamas (SCB) in The Bahamas.
Which platforms are available at the best brokers to trade Oil in Australia?
Trading platforms determine the software environment through which traders place orders and manage positions. The platform a trader uses to trade Oil is separate from the instrument itself, and it should suit the trader's preferred way of working. A desktop, web or mobile setup each supports a different routine, so the platform matters as much as the market being traded. The table below breaks down trading platforms for each broker.
Broker name
Trading platforms
PU Prime
MetaTrader 4 (MT4), MetaTrader 5 (MT5), MT4 WebTerminal, MT5 WebTrader, Mobile App, Web Platform, Mirror Trader, MAM/PAMM, PU Prime App, PU Social, PU Web Trader
Fusion Markets
MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView
FXT
MetaTrader 4 (MT4), MetaTrader 5 (MT5), Mobile App, Web Platform, Autocopy, MAM/PAMM, FXT WebTrader
Capital.com
MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView
The comparison shows that all four brokers support MetaTrader 4 and MetaTrader 5. Fusion Markets and Capital.com add TradingView, while Fusion Markets also offers cTrader. PU Prime provides PU Prime App, PU Social and PU Web Trader alongside MT4 and MT5 web terminals, a mobile app, a web platform and Mirror Trader. FXT offers its own FXT WebTrader, plus a mobile app, web platform and Autocopy.
What is the minimum deposit at the top brokers for Oil trading in Australia?
Minimum deposit states the smallest amount a trader can use to open and fund an account. The minimum deposit is the first figure a trader encounters when opening an account to trade Oil, and a low minimum means trading can begin without a large upfront commitment. This matters for anyone testing a broker with a first deposit. The table below breaks down minimum deposits.
Broker name
Min. deposit
PU Prime
20
Fusion Markets
0
FXT
0
Capital.com
10
The comparison shows that minimum deposit requirements vary across the four brokers. Fusion Markets and FXT both list a minimum deposit of 0, indicating that traders can open and fund an account without a stated upfront amount. Capital.com sits in the middle of the range with a minimum deposit of 10. PU Prime has the highest stated threshold in this group, with a minimum deposit of 20.
What account types do these best brokers for Oil trading offer?
Account types define the tiers of trading accounts a broker offers, each with its own conditions. The account tier a trader opens determines how much is needed to start and what trading costs apply, since each tier carries its own pricing structure. Some tiers charge a commission in exchange for tighter spreads, while others fold the cost into a wider spread with no separate commission. The tier a trader selects also sets the minimum deposit and the conditions for funding the account. Use the table below to compare account types across the four brokers.
Broker name
Account types
PU Prime
Standard, Prime, ECN, Cent
Fusion Markets
Classic Account, Zero Account
FXT
Standard, Standard Pro, Standard Plus, Raw Spread, Zero, Partner / IB commission
Capital.com
Retail, Profesional
The data shows that these brokers offer a range of account types. PU Prime lists four accounts: Standard, Prime, ECN and Cent. Fusion Markets offers two options, Classic Account and Zero Account. FXT has Standard, Standard Pro, Standard Plus, Raw Spread, Zero and Partner / IB commission accounts. Capital.com provides two accounts, Retail and Profesional.
Which payment methods do these top brokers available in Australia support?
Payment methods cover the ways traders can deposit funds into and withdraw funds from a trading account. A broker that offers Oil CFDs still needs to be funded, so the payment methods a broker supports matter for traders who want to deposit and withdraw. Traders should check which methods are available, since some brokers accept certain methods for deposits but not for withdrawals. Use the table below to compare payment methods across these brokers.
Broker name
Payment methods
PU Prime
Visa, Mastercard, UnionPay, Debit/Credit Card, Bank Transfer, International Bank Transfer, Local Bank Transfer, FPX Bank Transfer, Skrill, Neteller, Apple Pay, Perfect Money, FasaPay, PagSmile, SticPay, ZotaPay, TCPay, xPay
Fusion Markets
Visa, Mastercard, Debit/Credit Card, Bank Transfer, Wire Transfer, SEPA, SWIFT, International Bank Transfer, Local Bank Transfer, Instant Bank Transfer, FPX Bank Transfer, Interac, Osko, PayID, PayPal, Skrill, Neteller, Apple Pay, DANA, FasaPay, GCash, OVO, Bitcoin, USDT, Cryptocurrency, Pix, iDEAL, DragonPay, THB QR Payment, QR Code / QRIS, PagSmile, ZotaPay, xPay, Virtual Account, Internet Banking
FXT
Visa, Mastercard, UnionPay, Debit/Credit Card, Bank Transfer, International Bank Transfer, Local Bank Transfer, PayPal, Skrill, Neteller, Alipay, Google Pay, Apple Pay, Bitcoin, USDT, Cryptocurrency
Capital.com
Visa, Mastercard, Maestro, Debit/Credit Card, Bank Transfer, Wire Transfer, SEPA, SWIFT, International Bank Transfer, Local Bank Transfer, PayPal, Skrill, Neteller, Google Pay, Apple Pay, USDT, TrustPay, EPS, PayRetailers, P2P
The data shows that all four brokers support card payments through Visa and Mastercard, with Capital.com also offering Maestro. Bank transfers are available at each broker, with several variants such as international and local bank transfer, and Fusion Markets additionally listing wire transfer, SEPA, SWIFT, instant bank transfer and internet banking. PayPal, Skrill and Neteller are supported by Fusion Markets, FXT and Capital.com, while PU Prime does not list PayPal but offers Perfect Money, FasaPay, PagSmile, SticPay, ZotaPay, TCPay and xPay. Fusion Markets and FXT both list Bitcoin, USDT and cryptocurrency, whereas Capital.com lists USDT but not Bitcoin, and PU Prime does not show any cryptocurrencies. Fusion Markets has the broadest range of payment methods overall, including regional options such as Interac, Osko, PayID, GCash, OVO, Pix, iDEAL, DragonPay, THB QR Payment, QR Code / QRIS and multiple local solutions.
PU Prime
PU Prime
| Regulated by | ASIC, CMA, FSA, FSC, FSCA |
| Currencies accepted for deposits/withdrawals | AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, USD |
| Trading platforms allowed | MetaTrader 4 (MT4), MetaTrader 5 (MT5), MT4 WebTerminal, MT5 WebTrader, Mobile App, Web Platform, Mirror Trader, MAM/PAMM, PU Prime App, PU Social, PU Web Trader |
| Customer service languages available | arabic, bulgarian, german, spanish, persian, french, hindi, indonesian, italian, japanese, korean, latvian, malay, dutch, polish, portuguese, romanian, russian, thai, tagalog, vietnamese, chinese |
Fusion Markets
Fusion Markets
| Regulated by | ASIC, FSA, VFSC |
| Currencies accepted for deposits/withdrawals | AUD, CAD, CHF, CZK, DKK, EUR, GBP, HUF, JPY, NOK, SEK, SGD, THB, USD |
| Trading platforms allowed | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
| Customer service languages available | english, spanish, indonesian, thai, vietnamese, chinese |
FXT
FXT
| Regulated by | ASIC, VFSC |
| Currencies accepted for deposits/withdrawals | AUD, CAD, EUR, GBP, HKD, JPY, SGD, USD |
| Trading platforms allowed | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Mobile App, Web Platform, Autocopy, MAM/PAMM, FXT WebTrader |
| Customer service languages available | english, japanese, korean, vietnamese, chinese |
Capital.com
Capital.com
| Regulated by | ASIC, FCA, SCB |
| Currencies accepted for deposits/withdrawals | AED, CHF, EUR, GBP, USD |
| Trading platforms allowed | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView |
| Customer service languages available | arabic, english, spanish, french, italian, dutch, polish, portuguese, russian, chinese |
Forex Brokers FAQs
Is trading Oil with an Australian broker safe and properly regulated?
In Australia, retail Oil trading is typically offered via CFDs or futures with brokers licensed by the Australian Securities and Investments Commission (ASIC). As long as the broker holds an active Australian Financial Services (AFS) licence and segregates client funds, you are operating within the local regulatory framework, but you still carry normal market and leverage risk.
How are spreads, swaps and other fees charged when I trade Oil?
Brokers usually apply a variable spread on Oil CFDs plus overnight financing (swap) charges if you hold positions past the New York close. Some account types may also include a commission per lot instead of wider spreads, so you should compare the all‑in cost (spread, swaps, commissions and any currency conversion fees) through the broker’s product disclosure statement (PDS).
What is the difference between WTI and Brent when I trade Oil?
WTI (West Texas Intermediate) and Brent are two benchmark crude grades that often trade at slightly different prices due to quality and regional supply factors. Most Australian brokers quote both as separate CFD symbols, and you can choose which to trade based on liquidity, spread and how closely each benchmark aligns with the news or strategy you follow.
How do I actually get started trading Oil from Australia?
You open a margin trading account with an ASIC‑regulated broker that offers Oil CFDs or futures, complete ID verification and then fund the account via a supported payment method. Once set up, you select the Oil product (for example, a spot CFD or a specific futures‑linked contract), choose your position size and leverage, and place orders through the broker’s platform or mobile app.
Are there different account types for trading Oil, and which should I choose?
Most Australian brokers offer at least one standard account and sometimes a lower‑spread, commission-based account that can be more cost‑effective for active Oil traders. Your choice typically comes down to trade size and frequency—higher‑volume traders often prefer tighter spreads with a commission, while occasional traders may be fine with an all‑spread model.
Do I pay tax in Australia on profits from trading Oil?
Profits from trading Oil CFDs or futures are generally taxable for Australian residents, usually either as capital gains or ordinary income depending on your circumstances. Because tax treatment can be complex and depend on whether you are considered an investor or running a trading business, it is sensible to keep detailed records and speak with a qualified tax adviser.
Is Oil trading suitable for beginners, or is it too risky?
Oil is more volatile than many major Forex pairs, and leverage can amplify both profits and losses, so it is not an ideal first market without preparation. New traders in Australia should start with a demo account, use low leverage and small position sizes, and have a clear risk plan before trading Oil with real money.
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Our Editorial Process
Our editorial team personally tests each broker with real accounts. We evaluate spreads, execution speed, customer support, and withdrawal times over a 3-month period. Every broker on this list has been independently verified by at least two members of our research team to ensure accuracy and fairness in our recommendations.