Best Broker for Oil

[iaroslav]

Hey guys, which broker do you think is best for oil trading? I have been offered 8$/contract commission by my bank but i think that is way too much. How much is a reasonable amount to pay for commisions?

 

[davesona]

Try Open E Cry, fast and reliable.

 

[dbox]

iaroslav,

We offer Oil for 1.53 - 3.21 per contract (range is due to platform selection and volume).

Best regards,

 

[£10kLoser]

Surely the commission is only part of the story? What about the spread? If the commission is $10 a contract with a spread of 1 cent (often the case with FXPro) that's better than free with a 3 pip spread. Standard spread is around 5 cents so the spread is a far bigger issue than commision.

 

[gedward3]

Surely the commission is only part of the story? What about the spread? If the commission is $10 a contract with a spread of 1 cent (often the case with FXPro) that's better than free with a 3 pip spread. Standard spread is around 5 cents so the spread is a far bigger issue than commision.

10k,

Their talking direct access futures where you can bid/offer inside the spread
and therefore sometimes avoid paying a spread and just paying a round
turn commission eg $5.


Ged

 

[everyonerich]

bloomberg

 

[Papa Lazarou]

Do you have a clearing account at an FCM and just looking for execution? or do you need clearing services too?