OILTRADING 
Key features for oil traders.
Raw ECN Spreads
IC Markets' Raw Spread account offers true ECN pricing on USOIL, averaging 0.0–0.3 cents during peak liquidity. The commission is a flat $3.50 per lot per side ($7 round trip). During London-NY overlap, spreads regularly touch 0.0 cents — meaning you pay only the commission. At 0.0 cent spread + $7 commission, IC Markets is the cheapest ECN broker for oil in most conditions.
Fast Execution
Orders are executed from Equinix NY4, LD5, and TY3 data centers with average execution speed under 40ms. For oil traders who need to enter and exit quickly around OPEC announcements or EIA inventory data, this speed translates directly into better fills and less slippage compared to brokers on slower infrastructure.
cTrader + MT4/MT5
cTrader offers Level II pricing, advanced order types, and the fastest execution of the three platforms — ideal for scalping oil. MT5 is best for EAs and automated strategies with its built-in economic calendar. MT4 remains the most popular choice with the largest custom indicator library for oil-specific tools.
ASIC Regulated
IC Markets holds an Australian Financial Services License (AFSL 335692) from ASIC — one of the world's strictest regulators. Client funds are segregated at Westpac and National Australia Bank. This provides genuine protection: if IC Markets were to become insolvent, your funds would be held separately from company assets.
Deep ECN Liquidity
IC Markets aggregates pricing from 25+ liquidity providers including banks and non-bank market makers. This deep liquidity pool means tighter oil spreads, larger order sizes without market impact, and minimal slippage even during volatile events like EIA crude inventory releases or OPEC decisions.
No Dealing Desk
As a true ECN broker, IC Markets doesn't trade against you. Your oil orders are matched against the liquidity pool at the best available price. There's no dealing desk intervention, no requotes, and no conflict of interest. This transparency is particularly important for oil traders who need to trust that their fills are genuine during volatile market conditions.
Set up USOIL on IC Markets.
Open a Raw Spread account
Go to icmarkets.com and select "Raw Spread" as your account type for true ECN oil pricing. Choose cTrader for scalping or MT5 for swing trading. MT4 is also available if you prefer its indicator ecosystem. Complete the identity verification (usually approved within 24 hours). No minimum deposit required.
Fund your account
IC Markets accepts bank transfer, credit/debit card, PayPal, Skrill, Neteller, and crypto deposits. While there's no minimum deposit, we recommend starting with at least $500 for oil trading — this gives enough margin for proper position sizing at 1:500 leverage. Card and e-wallet deposits are instant.
Add USOIL to your watchlist
Open your platform, navigate to Market Watch (MT4/MT5) or Finder (cTrader). Search for "USOIL" or look under Metals/Commodities. Right-click and add to your watchlist. Open a chart, set your preferred timeframe (H1 or M15 for day trading). IC Markets' USOIL contract is 100 barrels per lot — 1 cent = $1.00 per 0.01 lot.
Configure your risk settings
Set your default lot size based on your account balance. For a $1,000 account trading oil at 1% risk: if the signal SL is 30 cents, each cent = $1.00 per 0.01 lot, so max 0.03 lots ($9 risk). Enable one-click trading for fast signal execution. Add economic calendar alerts in MT5 or cTrader to track EIA, FOMC, and OPEC dates.
OilSniper signals + IC Markets.
OilSniper provides exact price levels for every signal: entry price, stop-loss in cents, and up to three take-profit targets. When a signal fires, open IC Markets on your phone or desktop, place the trade at the specified entry, set your SL and TP in cents, and let the trade work.
IC Markets' 0.0 cent raw spreads mean you execute closest to our signal levels — only the $7 round-turn commission separates our published entry from your filled price. Combined with cTrader's one-tap trading, you can go from signal notification to live oil trade in under 10 seconds.
See OilSniper signals on IC Markets.
Watch how traders execute our alerts on cTrader and MT5 in real time.
IC Markets oil FAQ
What is the oil spread on IC Markets? +
Raw Spread: 0.0–0.3 cents average + $3.50/lot per side ($7 round turn). Standard account: from 3 cents, no commission. During London-NY overlap, raw spreads frequently touch 0.0 cents, meaning you pay only the commission.
What leverage does IC Markets offer for oil? +
Up to 1:500 on ASIC/FSA entities. CySEC entity caps at 1:20 under ESMA rules. Most experienced oil traders use 1:100–1:200 effective leverage for proper risk management regardless of the maximum available.
Which platform is best for oil on IC Markets? +
cTrader for scalping (best execution, Level II pricing, QuickTrade). MT5 for automated trading (robust EA support, economic calendar). MT4 for simplicity and the largest custom indicator library. All offer identical raw spreads.
Is IC Markets regulated and safe? +
Yes. ASIC (Australia), CySEC (Cyprus), and FSA (Seychelles) regulated. Client funds segregated at Westpac and NAB. Operating since 2007 with no major regulatory incidents. True ECN execution with no dealing desk.
Oil signals for IC Markets.
Exact entry, SL, TP in cents. Raw spread execution on cTrader or MT5. Download free.