Oil Zero Review – Scam or Legit?

Oil Zero is a new oil trading platform in the space today which has been gaining some attention from oil investors and day traders – but is it as safe as it claims to be? Are there any unique features that make it stand apart from the crowd? What are the downsides to using Oil Zero? These are all questions that investors ask before using the platform. 

This article aims to answer those, by reviewing each aspect of the Oil Zero platform carefully and then coming up with a final verdict. 

Oil Zero Summary

As one of the few options that offer oil trading, Oil Zero is already a sought-after avenue by a huge chunk of traders. However, before using the platform or considering being a part of it, one needs to be aware of the features it provides and some important components of the website. Here is some vital data:

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

What is Oil Zero?

Oil Zero is a digital platform that enables investors to trade oil and other energy products in a secure, user-friendly, and efficient manner. The platform is designed to cater to traders of all experience levels, offering a variety of features that facilitate a convenient trading experience for those interested in using price changes in oil to make money.

Oil Zero’s user-friendly interface is another key benefit of the platform. It claims to have real-time market data, advanced charting tools, and detailed analysis to keep users informed about market trends and price fluctuations. Although we were unable to verify most of these features ourselves users can supposedly also customize their trading experience through the creation of watchlists, setting alerts, and accessing a wide range of order types.

Oil Zero operates with a 2% commission, and boasts rapid customer service, providing prompt and reliable assistance whenever needed. However, to start trading on the platform, each user is required to make a minimum deposit of $250. As per the site, this deposit amount allows investors to get started with trading and gaining access to multiple energy sectors, including crude oil, natural gas, gasoline, and more. 

Who Owns Oil Zero?

There is no currently mention of the creators or operators of the Oil Zero website or platform.

While several people online do speculate that the platform may be backed by prominent Oil tycoons or celebrity investors, we found no information to verify this fact. Thus, while there may be rumors, we can conclude that no solid information about the creators of the Oil Zero platform has been provided by the platform.

Oil Zero also doesn’t appear to be affiliated with Oil Profit, another commodities trading platform. 

Oil Zero Pros and Cons

Now that you are familiar with what Oil Zero is, let’s briefly explore the most notable advantages and disadvantages of using the oil trading platform.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

How Does Oil Zero Work?

The actual operational structure of Oil Structure has not been made available on the platform, since the information on the website is fairly limited. However, joining the Oil Zero platform is a simple process. Users can register, deposit funds, and begin trading. These actions grant access to trading dashboards and other website features. 

Oil Zero reportedly offers a demo trading platform for risk-free experimentation and integrates with MetaTrader 4 (MT4) and Web Trader, popular web-based trading platforms, according to the website. These systems provide traders with access to trading tools, various chart patterns, and more. 

The Oil Zero proprietary trading platform can be accessed on several devices, while mobile users can access it via web browsing, even without a dedicated app. While oil trading may not be as volatile as cryptocurrency trading, the ability to access the trading platform from anywhere can still be advantageous. Although the limited information on the website makes it difficult to verify, Oil Zero appears to have several other appealing features.

On What Devices Can I Use Oil Zero?

Here are some of the devices through which one can access the platform and start trading in Oil from almost anywhere in the world: 

• Mobile via web-based browsing
• Desktop and Laptops 
• iPads and other tablets

Which Exchanges and Brokers Are Oil Zero Partnered With?

As such, Oil Zero has not mentioned any partner exchanges or brokers. Instead, it urges investors to connect the platform to their own broker to get a seamless trading experience. While this is not uncommon for platforms like Oil Zero, we would surely ask investors to be extremely cautious while connecting such a platform to your broker where you may have initially deposited funds.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

Can I Use Oil Zero In My Country?

Oil Zero is available in several countries except for the ones where oil trading has been completely banned by the regions’ respective governments. Moreover, according to reports it may also restricted in the US and the UK; but this can be solved by simply using a Virtual Private Network. Here is a list of the countries and details about the availability of Oil Zero:

Oil Zero Key Features

Despite being limited to oil trading, the Oil Zero platform has a set of features that make it stand out from the majority of its competition. The highlighted ones as per the website’s claims include:

Advanced Tools for Trading 

According to its claims, Oil Zero offers users advanced trading tools to strategically invest in assets. These tools include charting tools that incorporate multiple market indicators to help predict the asset’s price movements. The platform also reportedly provides easy access to these tools without any additional fees.

Customer Support

As per the website, users can get instant support through various means. While this is a good feature to boast of, one needs to note that customer support can only be availed by registered users who have already deposited the minimum amount of $250. 

Demo Account / Paper Trading 

Oil Zero supposedly offers a demo trading account that allows first-time users to paper trade and learn how the trading tools work before investing real money. The demo trading portion of the platform reportedly provides access to all the tools available for real trades, which can help users gain proficiency.

Instant Registration

​​Oil Zero reportedly offers a straightforward sign-up process that involves entering basic details such as name, email address, and phone number. After a simple verification process, users can start trading on the platform. Notably, there is no requirement for KYC (Know Your Customer) information, making Oil Zero accessible to users worldwide as an investment website.

Customizable Dashboard Options

As per the websites, Oil Zero allows users to customize their trading settings according to their risk tolerance and investment goals. Users can adjust settings such as stop-loss size and trading times to align with their objectives, ensuring that the platform trades in a manner that meets their specific needs.

Oil Zero Fees

The website states that there are no fees involved in using Oil Zero, but there is a 2% commission rate, which implies that users must surrender 2% of the traded sum for each transaction. Although the website claims that there are no other charges, it is advisable to conduct comprehensive research to ensure that there are no concealed fees or other costs.

Here is a table to give you a better idea of the fee structure of the platform. 

Is Oil Zero a Scam?

Oil Zero entices consumers with a variety of advantages when it comes to trading oil. It is important to note that, unlike many of its rivals, the validity of its claims cannot be easily confirmed. It may not be fully correct to say that Oil Zero is a wholly legitimate platform, despite the fact that it is not a counterfeit one. 

Because the website lacks crucial information and statistics, consumers may have doubts about the website’s openness and dependability, which are important considerations. The minimum deposit amount needed to access the network is also an important consideration because it is unclear where the money goes and whether users will actually get the access they were promised.  

This lack of transparency is a significant issue, as there is a dearth of user feedback or reviews available to provide insights into past trading experiences with Oil Zero.

See our guide to trading commodities for some Oil Zero alternatives.

Oil Zero Minimum Deposit

According to Oil Zero reviews $250 has to be deposited into the platform if the user wishes to gain access to the full set of features and facilities that Oil Zero has to provide, but this is used as principal capital to begin trading oil CFDs with rather than being collected as a fee. 

Oil Zero Celebrity Endorsements

Oil Zero has been rumored to have received backing from some popular entities and personalities. Some of the questions that users often end up asking are:

Did Oil Zero Appear on Dragon’s Den?

No, Oil Zero did not appear on Dragon’s Den in any season that was aired on television. Infact, there is no information about the creators of the platform. 

Does Elon Musk Endorse Oil Zero?

There is no evidence to back up the claim that Oil Zero is endorsed by Elon Musk. He has never publicly mentioned anything about the platform, which leads us to believe that this is false. 

Does Jeff Bezos or Amazon Endorse Oil Zero?

No. As per our research, neither former Amazon CEO Jeff Bezos nor Amazon itself as a company is affiliated with Oil Zero. 

Oil Zero Customer Support

Effective customer support is crucial for any service related to financial assets, such as oil markets. Oil Zero mentions having customer support services, but users are required to register and deposit the minimum amount before gaining access to it. According to reviews and articles online, the team can be contacted via email and live chat to address any account-related queries or issues.

How to Delete Oil Zero Account?

As per the website, one is simply expected to go to the main menu and look for the delete account option. The website will instruct them further as to how to go about the entire process. Alternatively, users can also get in touch with customer support to get their issues resolved. 

Oil Zero Review – The Verdict

We have conducted a thorough investigation and evaluation of the available information pertaining to Oil Zero. While the platform advertises itself as a reliable trading avenue, there is a lack of transparency and information available that raises concerns about its authenticity. Without credible feedback or reviews from trusted sources, it is difficult to verify the claims made by Oil Zero. Additionally, the absence of official social media handles further raises red flags for investors. 

Therefore, we recommend that users exercise caution and undertake extensive research before funding an Oil Zero account to begin trading. It is crucial to carefully evaluate the potential risks and consider all available options before making any investment decisions.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

Oil Zero FAQs