There are similarities between futures trading and spot trading, for example, both are trading methods, both are real buying and selling, and both involve the transfer of commodity ownership. Of course, there are differences. Do you know the difference between spot trading and futures trading?

1, trading platform

Many spot trading places are established with the approval of the local commerce department or commerce bureau, and the legal person is an ordinary individual company. Even some spot exchanges have not been approved. There are five futures trading places approved by the State Council: Shanghai Futures Exchange, Dalian Commodity Futures Exchange, Zhengzhou Commodity Futures Exchange, China Financial Futures Exchange and Shanghai Energy Futures Exchange.

2. Capital security

The deposit and withdrawal of spot transactions use a third-party payment platform, and some of them are directly settled in personal accounts, so the security is not guaranteed. Futures trading is supervised by banks, and no one has the right to misappropriate investors' deposits, so the security is guaranteed;

3. Trading method

Spot trading adopts market maker trading and instant trading, and futures trading adopts matchmaking trading;

4. Settlement method

There is no warehouse settlement transaction for spot trading, and there is an independent warehouse settlement transaction for futures;

5. Transaction object

The trading software of spot trading is controlled by platform companies, and investors and platforms are gambling. Futures trading software is an independent third-party software, and the trading object is other domestic investors.

6. Trading mechanism

Spot and futures are leveraged, two-way, t+0 transactions. Compared with the leverage of spot trading, the leverage of futures trading is much higher and more prone to outbreak.

7. Trading hours

Spot trading 24 hours a day, futures are divided into white and late.