2. Delivery method: Commodity delivery is the main method for forward trading, and commodity delivery will not be used for futures trading.

3. The margin system is different: the forward trade will pay a certain margin, and there is no uniform ratio, while the futures trade will pay the margin according to the prescribed ratio.

4. Different trading places: there is no fixed place for forward trading and it is traded in the OTC market, while futures trading has a fixed place and it is traded in the exchange.

5. Different contract specifications: Forward transactions are non-standardized contracts, and the transaction matters are agreed by both parties. Futures contract is a standardized contract, and the contract has unified provisions on everything except price.