The problem of sulfur corrosion has seriously affected the safe and stable operation of the power transformers. Currently, adding passivators into the transformer oil is the most effective method to suppress the problem. However, no explicit provisions have been made for the optimum concentration of the specific passivators. In this paper, the transformer oils with different corrosive sulfurs and different aging degrees were used to study the protective performance of three different passivators. By comparing the copper surface, the optimum concentrations for each passivators were acquired. Moreover, by testing the breakdown voltage, dielectric loss factor, volume resistivity, and moisture content of the insulating oil after adding passivators with the optimal concentration, the effect of three passivators on the oil quality was obtained. Results show that the three passivators have different protective performance on different types of corrosive sulfurs. Irgamet 39 has a better protective effect at lower concentrations than the other two. The protective effect of all three passivators on dodecyl mercaptan is poor, and a new type of passivator capable of protecting against dodecyl mercaptan needs to be developed. Moreover, the three passivators have different protection performance on the transformer oils with different aging degrees. The protective performance is poor especially for the oils with longer running years or passivators with lower concentrations. Among the three passivators, Irgamet 39 had the smallest impact on the oil quality, followed by T571 and then TTA. The above research can provide some references for guiding the passivator addition in actual projects and preventing the occurrence of sulfur corrosion failures.