Formal and legal trading institutions should be selected, and spot crude oil investment should be judged whether it is a scam:
First, it needs to be filed by the Ministry of Commerce, reviewed by the Provincial Finance Office and approved by the municipal government.
Second, there is bank fund custody, and there is no restriction on the freedom of withdrawal.
Third, there will be no irregularities such as transactions between regular exchanges and customers.
4. Regular customer operations of the exchange will prompt operational risks and will not conceal trading risks.
Every investment has its advantages and disadvantages. It is important to identify whether this kind of investment is suitable for you, such as spot crude oil. Many people get rich silently when they make money, and people who lose money will talk about scams and the like everywhere. I don't know that most of the loss-making fundamental crude oil comes from myself, so I hope every investor will assess the situation before entering the market and carefully identify whether they are suitable for this investment. The above is my personal opinion, I hope it will help you!