What conditions do you need to open an account for off-market US crude oil, and how much should you prepare?

The conditions for foreign crude oil to open an account in the United States are not high. Without the capital threshold of 500,000 yuan required by domestic crude oil futures accounts, small funds can also participate in investment. Here is an example of how much money to prepare:

Take the margin of international crude oil and American crude oil as an example: margin = contract price * contract volume/leverage ratio. The leverage of American crude oil on our platform is 100 times, and the primary contract quantity is 1000 barrels. Assume that the current price of crude oil in the United States is 45 dollars, and the first-hand margin required for trading is 45 *1000/100 = 450 dollars. If the minimum transaction volume is 1 lot and the position is 1/5, then the account can be kept at more than two thousand dollars (equivalent to more than ten thousand RMB). If you use the position of110, you can keep your account at $450.

If you want to open an account outside the US crude oil market, our domestic investors need to find an international trader platform to open an account online! The condition for opening an account for US crude oil is that the age is between 18-60 years old. Prepare your ID card, mobile phone number and email address, find a regular international dealer platform with an international financial supervision license, and then log in to official website. The international dealer you want to open an account, submit an account opening application.