Oil CFDs (WTI Crude and Brent Crude) are popular instruments at both brokers. XM offers both WTI (OIL) and Brent (OILMn) with spreads averaging 4 cents on WTI. Exness provides WTI (USOIL) and Brent (UKOIL) with slightly tighter spreads averaging 3 cents on WTI. Leverage on oil reaches 1:66 at XM and 1:200 at Exness (for small accounts). Oil trading hours are slightly more restricted than forex at both brokers, closing during the daily settlement period. Exness has a marginal edge on oil spreads and significantly higher available leverage, making it the better choice for oil CFD traders.

For the full analysis, see our related comparison.

For the overall picture, check our complete XM vs Exness comparison, which covers regulation, spreads, platforms, and deposits in one place. Also see our beginner's guide if you are just starting out.

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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This website contains affiliate links — if you sign up through our links, we may receive a commission at no extra cost to you.