Futures, as its name implies, is a commodity with a time limit, that is, at some point in the future, traders must make physical delivery or hedge with reverse contracts. The second feature of futures is a fixed contract, that is, all contract elements such as the quantity and quality of trading varieties are fixed, and the only variable in the contract is the price. The third feature of futures is to use margin to participate in trading, that is, traders do not need to pay all the contract amount, but only a part of the contract amount, generally 5%- 10%. The deposit is not what we usually understand as "advance payment" or "deposit". In the futures market, margin is an economic guarantee for traders to bear the risk of market price fluctuation.

The similarities between margin foreign exchange trading and futures are fixed contracts and margin system, but this definitely does not mean that margin foreign exchange is futures foreign exchange (futures foreign exchange is another kind of trading), because it does not have the essential characteristics of futures: maturity.

There is also a huge difference between margin foreign exchange trading and futures, that is, futures trading is established by futures exchanges, that is, all traders, whether speculators or hedgers, must participate in trading through members of futures exchanges; On the other hand, margin foreign exchange is different. It has no fixed exchange, but trades between banks. The so-called foreign exchange brokerage company is just an intermediary. This difference seems insignificant, but it can directly affect speculators' trading behavior: futures varieties are unique at any time; However, different banks or brokerage companies may give different quotations to customers in foreign exchange transactions. Although these quotations are not too different, they are enough to have an impact on traders.

There is no essential difference between the market analysis and trading strategy of margin foreign exchange trading and stock futures, and the main difference lies in fund management.