Spot crude oil has only been developed in China for a few years, but the development trend is amazing. Therefore, many criminals use the name of spot crude oil investment to defraud.

Because there are many platforms in the market now, the forest is big, there are all kinds of birds, and there are some platforms that fish in troubled waters, so some people are deceived. But this is not entirely a scam. Now banks have paper crude oil, and the China Securities Regulatory Commission is about to launch crude oil futures. This has a long history abroad, but it has only recently emerged in our country. Newbies should keep their eyes open and choose a reliable and formal platform.

Nowadays, crude oil scams generally occur on small platforms, usually using two methods:

First, funds do not flow into the market, and orders are placed and the volatility and trend of the market are controlled through the background. Through slight differences and delays, the customer's operation malfunctions, resulting in losses, in order to achieve the purpose of profit;

Second, inductive operations. Causing losses to customers by intentionally making mistakes or intentionally influencing the customer's judgment and execution.

Third, false investment and illegal fund-raising. In this way, people are promised high returns to attract funds, and after the funds accumulate to a certain amount, they run away with the money.

Generally, to determine whether it is a scam, you can start from the following aspects:

1. Whether there is a formal approval document from the government. Generally, there will be a formal approval document from the local governments at all levels and publicized.

2. Whether there is a formal trading license. In addition to the government approval, the formal platform also has a trading license, which is supervised by the financial department;

3. The industrial and commercial department Whether the registration information can be found can be found on the website of the Industrial and Commercial Bureau of the place of registration;

4. Are the funds in third-party custody? Generally, financial investment funds are in third-party custody;

5. What is the scale and whether the operation is formal? The organizational structure and operating model of the formal platform industry and commerce are very strict and formal. They are generally large-scale and well-known in the industry.