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What is the difference between spot gold and gold futures?
1. The trading platform is different.

Gold futures belong to gold trading in China's domestic market, and the international gold price has an impact on futures gold, but futures gold may be controlled by large funds. Loco London gold belongs to international spot gold, which is uncontrollable, with high leverage ratio and less investment. The only need is to find a formal, legal and reputable platform.

2. Different delivery times and durations

Futures refer to standard contracts with limited delivery time. Futures gold: 9: 00-11:30+0: 30-3: 00 every morning from Monday to Friday.

However, there is generally no time limit for London gold delivery. It opens at 7 am on Monday and closes at 4 am on Saturday. London Gold Exchange is a 24-hand transaction in the form of T+0. The settlement time is 04: 00-06: 00 every day. Trading software cannot be traded, and it can be traded at other times.

3. The difference between market makers and exchanges

Futures trading generally requires centralized matchmaking trading in futures exchanges. Exchanges must be members to trade, and ordinary customers must trade through member agents.

The London Gold Exchange, which has the largest market volume and market transaction scale in the international gold market, does not centrally match exchanges, but a network of gold market makers consisting of five major gold market makers (internationally renowned banks) and a large number of gold merchants at the next level, providing a delayed delivery model for spot gold.

Extended data:

Matters needing attention in gold futures account:

1. Choose professional institutions in futures account.

2. The contents (including signature) of the account opening contract filled in by the account holder must be filled in by himself.

According to the latest regulations, account holders need to provide digital avatars.

4. Provide ID card and photocopy (reverse copy of new ID card)

References:

Baidu encyclopedia-gold futures