To open a spot crude oil account, you need to provide the photo of the front and back of the ID card, the photo of the bank card for opening the account and the agreement.
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The specific process of opening a spot crude oil account is as follows:
(1) The customer goes to the member unit to fill in the “Customer Survey Form”;
(2) Member units open customer trading accounts for customers who meet the account opening conditions;
(3) The client signs the Risk Disclosure and Client Agreement;
(4) A natural person client opens a personal bank account at the transaction reserve clearing bank designated by the CFETS, and signs a transaction reserve depository agreement;
(5) Institutional clients open an institutional clearing account at the transaction reserve clearing bank designated by the CFETS, and sign a transaction reserve depository agreement;
(6) The client is familiar with the relevant rules and management methods of the CFETS, and participates in the simulated transaction after reaching the number of days and transactions required by the CFETS, before signing.
(7) After the account opening is completed, the password is changed, and the contract is bound and the deposit is made.