Best Oil Trading App Australia 2026: 7 Apps for WTI & Brent CFDs
The best oil trading app in Australia depends on what you want to trade, how actively you trade and which mobile features matter most.
For Australian traders who want exposure to crude oil without buying, storing or taking delivery of physical barrels, oil CFDs are one of the most accessible options. CFDs allow traders to speculate on whether benchmarks such as West Texas Intermediate (WTI) or Brent crude will rise or fall.
A good oil trading app should offer more than a simple buy and sell button. Australian traders should consider ASIC regulation, WTI and Brent availability, spreads, overnight financing, charting tools, risk-management features, demo accounts and AUD funding options.
Best Oil Trading Apps Australia at a Glance
| Oil Trading App | Best For | Oil Markets | Mobile Trading | Australian Regulation |
|---|---|---|---|---|
| Mitrade | Oil CFDs and straightforward mobile trading | WTI, Brent | Yes | ASIC |
| Plus500 | Simple CFD trading | Oil CFDs | Yes | ASIC |
| CMC Markets | Advanced charting and broad commodity access | WTI, Brent | Yes | ASIC |
| Pepperstone | Active traders and multiple platforms | WTI, Brent | Yes | ASIC |
| IG | Broad oil and commodity coverage | WTI, Brent | Yes | ASIC |
| eToro | Multi-asset and social trading | Oil CFDs | Yes | ASIC |
| Capital.com | Mobile-first CFD trading | Crude oil, Brent | Yes | ASIC |
7 Best Oil Trading Apps in Australia 2026
1. Mitrade
(Trustpilot)● Easy access to WTI and Brent CFDs
● Designed for mobile and online trading
● Demo account available
● CFDs are leveraged and high risk
● You do not own physical oil
Mitrade is our top pick for traders looking for a relatively straightforward way to access oil CFDs from a mobile device.
The platform offers exposure to WTI and Brent crude oil CFDs, allowing Australian traders to speculate on both rising and falling oil prices without taking ownership of physical oil. Mitrade's Australian entity operates under AFSL 398528.
Why choose Mitrade for oil trading?
WTI and Brent crude oil CFDs
Mobile trading access
Long and short positions
Demo trading available
Risk-management tools
AUD funding options
ASIC-regulated Australian entity
Multiple asset classes available from the same account
For traders who primarily want to monitor oil prices, open positions and manage trades from their phone, the simpler interface can be an advantage.
Mitrade also provides educational material covering WTI, Brent and oil CFD trading, which can be useful for newer traders who are still learning how crude oil markets work.
Best for: Australian traders looking for a simple oil CFD trading app with access to WTI and Brent.
“Trade WTI & Brent Oil CFDs on Mobile. Fast AUD funding via PayID. ”
2. Plus500
(Trustpilot)● Simple mobile interface
● Oil and other commodity exposure
● Demo trading functionality
● CFD trading involves leverage and significant risk
● Costs vary by instrument and position
Plus500 is widely known for its proprietary CFD trading platform and straightforward mobile experience. It is particularly relevant for traders who prefer to keep their trading activity inside one dedicated application.
The platform offers commodity CFDs, including oil-related markets, while its Australian operations are subject to local regulatory requirements.
Why choose Plus500?
The main attraction is simplicity. Traders can search for instruments, monitor prices, review charts and manage positions without having to switch between multiple third-party platforms.
Best for: Beginners who prioritise a simple mobile trading experience.
3. CMC Markets
(Trustpilot)● WTI and Brent access
● Advanced charting
● Established Australian presence
Cons:
● Large platform range can feel complex to beginners
● Costs vary by market
CMC Markets is a strong choice for traders who want broader commodity coverage and more sophisticated charting tools.
Its Australian platform provides access to a large range of commodity CFDs, including WTI and Brent crude oil, alongside metals, agricultural commodities and other markets. Independent Australian comparisons also currently place CMC strongly for commodity breadth.
Why choose CMC Markets?
CMC is particularly attractive if oil is only one part of your trading strategy. Instead of maintaining separate accounts for oil, gold, indices and other CFDs, you can access multiple markets through one platform.
Best for: Experienced traders who want advanced analysis and broad commodity market access.
4. Pepperstone
(Trustpilot)● WTI and Brent CFDs
● Multiple trading platforms
● Strong charting and technical-analysis options
● Multiple platforms may be confusing for beginners
● Overnight funding can apply
Pepperstone is another major Australian CFD broker and is particularly attractive to active traders who want a choice of trading platforms.
Its commodity offering includes Brent crude and WTI crude, as well as other energy markets. Pepperstone also supports its own mobile platform alongside TradingView, MetaTrader 4, MetaTrader 5 and cTrader.
For Australian retail clients, commodity CFD leverage is subject to ASIC's product intervention rules, including a 10:1 maximum leverage ratio for commodities other than gold.
Best for: Active oil traders who want advanced platforms and technical-analysis tools.
5. IG
(Trustpilot)● WTI and Brent access
● Mobile and web platforms
● Advanced risk-management tools
● Platform can be more complex for beginners
● Costs vary depending on the instrument and position
IG is one of the better-known CFD providers in Australia and offers a broad selection of oil and commodity markets.
Its Australian oil offering includes Brent and US crude, while traders can access positions through IG's web and mobile platforms. IG also provides risk-management tools and different ways to access oil markets.
Why choose IG?
IG can be attractive to traders who want to combine oil trading with exposure to indices, shares, forex and other commodities.
Its oil platform also supports risk-management features such as stop orders, while its mobile app provides access to charts, market information and position management.
Best for: Traders who want oil alongside a broad range of global markets.
6. eToro
(Trustpilot)● User-friendly interface
● Social and copy-trading features
● Demo account
● CFD costs can include overnight fees
● Social features may encourage frequent trading
eToro takes a different approach from traditional CFD platforms by combining trading with social and multi-asset features.
Australian users can access commodity CFDs, including oil, while the platform also provides social features and a broader multi-asset environment. eToro's Australian materials specifically identify oil as one of the commodity CFD markets available on its platform.
Oil positions can incur overnight costs, and eToro publishes current CFD spread and financing information that traders should check before opening a position.
Best for: Traders who want oil exposure alongside social and multi-asset trading features.
7. Capital.com
(Trustpilot)● Strong mobile interface
● WTI/crude and Brent access
● Large CFD market selection
● Large product range can be overwhelming
● CFD trading involves leverage
Capital.com is another strong option for Australian traders who want to trade commodities from a mobile device.
Its Australian platform currently lists Crude Oil and Brent Oil among its commodity markets, with more than 5,500 CFD instruments across shares, indices, forex and commodities.
Its mobile app includes price alerts, stop-losses, take-profits, watchlists and chart-based trade management.
Best for: Mobile-first traders who want a large selection of CFD markets.
* The availability of specific instruments, spreads, fees and trading conditions can change, so always check the broker's current Australian product documentation before opening a position.
How We Ranked the Best Oil Trading Apps
WTI vs Brent: Which Oil Can You Trade?
WTI and Brent are the two benchmarks Australian traders are most likely to encounter on an oil trading app.
WTI tends to be particularly sensitive to US production, inventories and domestic energy developments. Brent has a more global reference role and can react strongly to OPEC decisions, Middle East tensions and disruptions to international shipping routes.
How to Trade Oil CFDs in Australia
If you believe oil prices will rise, you can consider a long position.
If you believe prices will fall, a CFD may allow you to take a short position.
Oil Trading App vs Buying Physical Oil
An oil CFD is very different from owning physical oil.
For retail traders, CFDs are generally about speculating on price movements, not taking ownership of barrels of crude.
This distinction is important because an oil CFD does not give you ownership of the underlying commodity.
Final Verdict
Oil can provide significant trading opportunities, but it can also move sharply in response to geopolitical events, supply disruptions, inventory data and changes in global economic expectations.
If you have decided that CFD trading is appropriate for your circumstances, the next step is to choose a regulated platform and understand its product terms.
With Mitrade, Australian traders can access WTI and Brent crude oil CFDs through the same account used for other financial markets. Mitrade's Australian entity is regulated by ASIC under AFSL 398528.
* CFDs are leveraged products and carry a high risk of loss. You do not own the underlying asset when trading a CFD. Leverage can magnify both profits and losses, and CFD trading may not be suitable for everyone.
You might be interested in…
1. Can I trade oil on my phone in Australia?
Yes. Many ASIC-regulated CFD providers offer mobile apps that allow Australian traders to monitor and trade oil CFDs, subject to account eligibility and product availability.
2. What is the best app for WTI trading?
Mitrade, Pepperstone, IG, CMC Markets and other major CFD platforms provide access to WTI or US crude markets. Check the current product specifications before trading.
3. Is oil CFD trading legal in Australia?
Yes, CFD trading is legal in Australia, but it is subject to ASIC regulation and product intervention rules. Retail leverage limits and other protections apply.
4. What is the maximum leverage for oil CFDs in Australia?
For Australian retail clients, commodity CFDs other than gold are subject to a 10:1 maximum leverage ratio under ASIC's product intervention rules.
5. Can I short oil in Australia?
Yes. CFDs can allow traders to take short positions on oil, meaning they can potentially benefit from falling prices. However, losses can also increase quickly when markets move against a leveraged position.
6. What moves oil prices?
Major drivers include OPEC+ production decisions, US inventory data, global demand, China's economy, geopolitical risks, supply disruptions, the US dollar and broader economic expectations.
Disclaimer: The content presented above, whether from a third party or not, is considered as general advice only. CFD trading involves significant risk of loss. Past performance does not guarantee future results. This article serves informational purposes only and does not constitute financial advice. Consider your risk tolerance before trading.
