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What conditions need to be met to participate in domestic crude oil futures?
Energy Center: When opening a transaction code, the trader shall meet the requirements of available funds stipulated by the Energy Center. According to the Management Rules for the Suitability of Futures Traders of Shanghai International Energy Trading Center, if an enterprise customer applies for opening an energy center trading code, the available fund balance of the enterprise customer's margin account shall not be less than RMB 6,543,800+0,000 or equivalent foreign currency five working days before applying for the trading code. When an individual customer applies for opening an energy center transaction code, the balance of available funds in the margin account of the individual customer shall not be less than RMB 500,000 yuan or equivalent foreign currency 5 working days before applying for the transaction code. At the same time, corporate customers and individual customers also need to meet the requirements of knowledge test and trading experience.

How much margin is needed for buying and selling 1 crude oil futures contracts depends on marketing unit, crude oil futures price, margin ratio and other factors. Traders should judge various market risks and invest rationally according to their own risk tolerance. According to the current international crude oil price, the value of China's crude oil futures contract is about 350,000 yuan. If the exchange charges 5% margin and the members charge 7% margin, then investors who meet the requirements for opening an account and successfully open an account will have to pay a margin of about 24,000 yuan when they open a position 1 in crude oil futures trading.

In addition, the energy center also requires members to settle the minimum balance of the reserve. The minimum balance of clearing reserve for members of the futures company is 2 million yuan; The minimum balance of settlement reserve for members of non-futures companies is RMB 500,000. At the same time, in order to improve members' ability to resist risks, if members accept settlement entrusted by overseas brokerage institutions and other entities, the minimum balance of settlement reserve should be increased according to the number of settlement institutions. If a futures company participates in crude oil futures on behalf of domestic investors as a member of the energy center, the minimum balance of its settlement reserve is 2 million yuan. If the company also acts as a settlement agent for special overseas participants, the minimum balance of the company's settlement reserve is 4 million yuan. And so on.