Compared with the opening of general investment accounts such as funds and stocks, the conditions and requirements for crude oil futures accounts are relatively high, as follows:
First, you need to open a commodity futures account, which can be handled online. There is no capital threshold requirement for such accounts;
Second, it is necessary to meet the capital verification requirements of 500,000 yuan in five consecutive transactions;
Third, you need to take the futures association exam, reaching 80 points or more;
Fourth, there must be ten firm offers or twenty simulated futures trading records.
The above four points are hard conditions. Investors who have records of 50 commodity futures trading days in a year can apply for futures account rights of crude oil directly through online channels without verification.
The above is an introduction to the requirements for opening a domestic crude oil futures account, and I hope it will help you.