Brent Crude Oil Spread Betting
Where Can I Spread Bet on Brent Crude Oil? |
Investors are currently able to speculate commission free and with no brokers' fees on Brent Crude Oil with an account from these spread betting firms:
Advert:
Brent Crude Oil Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Brent Crude Oil with
Financial Spreads.
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Where Can I Spread Bet on Brent Crude Oil for Free? |
Investing in the financial markets always has risks, but if you would like to try a Demo Account, where you can trial spread trading and look at candlestick charts, please see below.
When looking at which trading option might work for you, also remember that in the UK spread trading is currently tax free*, i.e. there is no capital gains tax, stamp duty or income tax.
If you're trying to find a free spread trading platform then keep in mind that you can take a position on Brent Crude Oil without having to pay any brokers' fees or commissions with providers such as:
If you are interested in a completely free Practice Account / Demo Account where users can try out online spread betting, and markets such as the FTSE 100, gold, GBP/USD and Brent Crude Oil, then it's worth taking a quick look at:
All of the above spread trading firms currently offer a free Test Account that lets investors apply a range of orders, use professional level charts and try out new theories.
Where Can I Find Live Spread Betting Prices and Charts for Brent Crude Oil? |
The live contracts for difference chart below will give readers a helpful look at the crude oil market.
The chart above is from Plus 500 and normally tracks the US Crude Oil futures contract (not the Brent crude oil market).
If you would like to access live spread betting charts/prices for both Brent crude oil and US crude oil, one option is to use a financial spread betting account. CleanFinancial.com readers should note that spread betting accounts are normally dependent on credit and status checks.
If your new account is approved, you can log on and access the real-time prices and charts. On most platforms, this will be free. The catch is that you are likely to receive the occasional sales call or letter from your financial spread betting firm.
Of course, if you want to trade then, before you start, remember that financial spread betting and contracts for difference do carry a high degree of risk to your capital and you may lose more than your initial deposit.
Professional Charts for Brent Crude Oil |
Though the charting packages can differ from provider to provider, to help your trading analysis, most charts usually have useful tools and features such as:
- A broad variety of intervals e.g. 3 minutes, 2 hours, 1 month etc
- Different displays e.g. line, bar and candlestick charts
- Drawing features e.g. trendlines, Fibonacci time zones, arcs and fans
- Technical indicators and overlays e.g. Bollinger Bands, RSI etc
The charts from Capital Spreads also come with more advanced aspects, including:
- BackTesting and Analysis functions
- Customised email alerts when a market hits a certain level
FinancialSpreads commodity market candle chart
The online spread betting brokers in the list below provide their account holders with real-time trading prices and charts:
How to Spread Bet on Brent Crude Oil? |
As with a variety of financial markets, it is possible to spread bet on commodities, such as Brent Crude Oil, to rise or fall.
If you were to look at the CapitalSpreads spread betting site, they are showing the Brent Crude Oil July Futures market at $110.48 - $110.53. This means you could spread trade on Brent Crude Oil:
 Finishing higher than $110.53, or
 Finishing lower than $110.48
On the closing date for this 'July' market, 13-Jun-12.
Whilst financial spread betting on Brent Crude Oil you trade in £x per $0.01. Therefore, if you choose to risk £2 per $0.01 and Brent Crude Oil moves $0.25 then that would change your P&L by £50. £2 per $0.01 x $0.25 = £50.
Brent Crude Oil Futures - Commodity Spread Betting Example |
If you consider the above spread of $110.48 - $110.53 and assume:
then you may decide that you want to go long of the market at $110.53 for a stake of £1 per $0.01.
So, you gain £1 for every $0.01 that Brent Crude Oil moves above $110.53. Nevertheless, it also means that you will make a loss of £1 for every $0.01 that the Brent Crude Oil market moves lower than $110.53.
Considering this from another angle, if you ‘Buy’ a spread bet then your P&L is calculated by taking the difference between the settlement price of the market and the initial price you bought the market at. You then multiply that price difference by the stake.
With that in mind, if, on the expiry date, Brent Crude Oil closed at $111.77, then:
P&L = (Closing Price - Opening Price) x stake
P&L = ($111.77 - $110.53) x £1 per $0.01
P&L = $1.24 x £1 per $0.01
P&L = £124 profit
Speculating on commodity markets, whether by spread betting or not, may not go to plan. In the above example, you wanted the commodity to increase. Naturally, the commodity might decrease.
If Brent Crude Oil fell, closing lower at $109.42, then you would end up losing on this market.
P&L = (Closing Price - Opening Price) x stake
P&L = ($109.42 - $110.53) x £1 per $0.01
P&L = -$1.11 x £1 per $0.01
P&L = -£111 loss
Note: Brent Crude Oil July Futures spread betting price accurate as of 16-May-12.
Advert:
Brent Crude Oil Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Brent Crude Oil with
Financial Spreads.
|
Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'Brent Crude Oil Spread Betting' by DB, updated 08-May-13
For related pages also see:
Brent Crude Oil Spread Betting, updated 08-May-13
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