In China, oil speculation is as legal as stock trading. At present, Beijing Petroleum Exchange and Xinhua Commodity Exchange are both established with the support of the government. All the transactions of these exchanges and their members are strictly supervised by the supervision machine, and the funds are mainly kept by third parties, which is highly secure. You may wonder why so many people fall into the trap of oil speculation if the exchange is legal. There is no denying that there is a black platform. After all, the domestic financial market is not perfect, but there are also anti-fraud methods. According to the actual situation, there are several points to distinguish between black platforms.

Method 1: Look at the platform itself. According to relevant documents of the State Council, formal crude oil trading places have the approval of relevant government departments at the provincial level (including municipalities directly under the central government and some cities with separate plans). A simple judgment trick: the formal crude oil trading place itself does not participate in trading behavior, but only provides a fair, open and just third-party platform. There will be no investment consulting information in official website, but more announcement information and risk warning. If you see many guiding articles and trading strategies on a trading platform, including the policies of the Federal Reserve, you should be careful at this time. Probably a "pheasant platform".

Method 2: Look at fund custody. The trading funds of the formal crude oil investment platform are all deposited by commercial banks, which is equivalent to the third-party depository of securities. Be careful without this. You can also search the website for more information about the trading platform. If there are authoritative media reports and official news releases, the safety factor will be greatly improved.

Method 3: Select member companies.

Just as the stock exchange does not directly open accounts for retail investors, the regular crude oil exchange does not directly open accounts for investors, but through its subordinate member units. If something goes wrong, the exchange has management responsibility for its members, and it needs to bear joint and several liability, and there is also a punishment mechanism inside. It is safer to choose member companies for the fair. Investors can check whether a crude oil investment company is formal by inquiring about the member information of the trading center and calling the center for consultation.