First: Look at the platform qualification.
A key criterion for investors to distinguish between genuine and fake crude oil investment platforms is the approval of the relevant government or the State Council.
Second: See if there are any restrictions on deposit and withdrawal methods.
According to the settlement time of several major banks, customers can deposit and withdraw money freely during the deposit and withdrawal period, and within a few minutes or even seconds, there is no limit and no delay. A formal crude oil investment platform will not be unable to withdraw gold. However, some platforms will access funds through Alipay and UnionPay. This kind of semi-custody is easily misunderstood as three-way custody of banks, but it is likely to be used by some illegal crude oil investment platforms, and eventually the funds will be transferred to the accounts of illegal platform companies, and the transaction safety of investors cannot be guaranteed.
Third: see if the funds are safe.
The most important guarantee for the safety of funds is the tripartite custody of banks. The formal crude oil investment platform implements tripartite custody of funds, with banks as the third party to guarantee investors' funds, and all customers' funds are supervised by contracted banks, and investors can check their own funds through bank accounts. The involvement of third-party banks can ensure the safety of customers' funds.
Fourth: See if the trading software is credible.
For trading system software, investors can log on to official website to download it. Generally, regular crude oil investment platforms have simulation disks, which are convenient for investors to conduct simulation operations, first learn to invest and accumulate operational experience, and then conduct actual combat to avoid risks. Investors can also make a better comparison to see if there is any illegal situation of maliciously manipulating prices and controlling customers' deposits and withdrawals in their trading software. Standardized trading software should be certified by the national information system security level protection, open and transparent, and customers can operate transparently without being affected by external forces. At the same time, the trading system is a closed system, and no unauthorized third-party system is allowed to access it.
Fifth: See if customers operate independently.
In crude oil investment and trading, employees should not exceed their authority. Regular crude oil exchanges and crude oil investment platforms will prohibit investors from trading operations and safeguard the independence of customers. Investors must have a sense of self-protection, and don't tell others their accounts and passwords at will, so as not to bring transaction losses.