Generally speaking, the platform is not specified. Some member companies and agents will generally set no threshold, but the more funds, the lower the risk, because spot crude oil is a margin trading system with leverage. The minimum investment only needs to meet the quantity of operators. But crude oil products involve many specifications. And the specifications supported by each platform are different. Some companies support 1T, 5T, 15T, 20T, 100T and so on.

Calculation formula:

International unit of spot crude oil quotation: RMB/barrel.

The lowest trading unit of spot crude oil; 1 hand (100 barrel)

For example, if you buy 1 spot crude oil at the price of 300 yuan/barrel, then the required investment is 300 yuan/barrel×100 barrel×1.5% = 450 yuan.

450 yuan is the threshold of minimum capital.

Extension of related knowledge points:

Spot crude oil, also known as international spot crude oil, is a contract transaction based on the principle of capital leverage. Different from what we usually say, it requires to complete the delivery procedures within 1 ~ 2 working days after the transaction, but some investors do not actually deliver the crude oil after the transaction, but just close their positions at maturity to earn the difference profit.