I’ve been trying out different platforms to invest in oil for a while, and honestly, there are quite interesting options depending on what you’re looking for. It’s not the same if you’re just starting out versus if you already have experience moving money in these markets.

What surprised me the most is that you can start investing in oil with very little capital on some of them. For example, Mitrade lets you get started with $20, which is quite accessible. The catch is that they operate with very tight spreads and zero commissions, so the cost of entering is low—but you have to stay alert to how the price moves.

If you’re more into technical analysis and you already know MetaTrader, Admiral Markets has everything integrated and it works quite well. But if you prefer something more social—where you can copy other traders’ strategies—eToro is the way to go. They have an active community, and it’s easier to learn by watching what others do.

For those who want to take it seriously with large volumes, Interactive Brokers is the path to follow. It’s the platform used by professional traders, but obviously it requires more experience and capital. Plus500 is also a good option if what you’re looking for is trading options on CFDs; they have fairly advanced risk tools.

The thing about investing in oil is that you have to choose between Brent and WTI. Brent is more sensitive to geopolitics and international conflicts, while WTI reacts more to US data. For beginners, honestly, both work similarly, so there isn’t much difference.

If I were choosing for someone who’s just starting out, I’d say Mitrade is the most straightforward way to invest in oil without overcomplicating things. But everything depends on how much time you have to analyze, how much money you manage, and whether you prefer complex tools or something simple. The important thing is that nowadays there are options for every type of profile.