In terms of spot, due to the closure of a large number of informal spot trading platforms in China on 20 16, spot crude oil is generally traded in European and American markets. As the spot external market is not regulated by China laws, there are problems of high leverage and high risk. At the same time, most platforms are not legal agents under the guise of low cost and high income, so there is a risk of fraud or even absconding, which will hurt investors. So China has been cracking down on such platforms.
As far as futures are concerned, China's crude oil futures are being actively prepared and are expected to be listed soon. Now futures companies are also allowed to open crude oil futures accounts. Please consult the relevant futures company for details. It is suggested to choose a futures company with good qualification and high rating. After all, crude oil futures is also an investment product, with a large amount of funds and greater risks. Futures also have European and American markets, and the main variety is American crude oil.