Trading mechanism;
Futures gold: there is a short-selling mechanism, two-way trading can make a profit, and there are profit opportunities for both ups and downs. T+0 trading system. You can open positions many times on the same day, but there is a delivery date, and you must deliver them at maturity, otherwise you will be forced to close your positions or deliver them in kind. At the same time, when the margin is insufficient, it will also be forced to close the position.
Spot gold: there is a short-selling mechanism, two-way trading can make a profit, and there are profit opportunities for both ups and downs. T+0 trading system. You can open and close positions many times on the same day, without delivery restrictions, and you can hold them indefinitely. However, when the margin is insufficient, it will be forced to close the position.
Trading funds;
Futures gold: margin trading. With 10% capital, you can do 100% transactions, and the capital is enlarged by 10 times.
Spot gold: margin trading. It varies according to the magnification of gold companies, but most of them can be operated to 100% gold with 1% capital, and the magnification is 100 times. Take manual calculation as an example. 1 standard hand = 100 ounces, and some platforms can make 0. 1 hand. However, spot gold is not formal enough on a global scale.
Trading time;
Futures gold: trading time: 9: 00 am ~165438+0: 30 pm1:30 pm ~ 3:00 pm. Due to the short trading time, it is not in line with the international gold price, and the phenomenon of gap is frequent. Investors can't enter the market in the early stage.
Spot gold: Due to the time difference, domestic transactions can be conducted from 8: 00 am on Saturday to 3: 00 am on Saturday. That is, all-day trading can be entered at any time in the market. Price continuity is better than futures. The most active trading period is between 8.00 and 24.00.
Raise the limit;
Futures gold: according to different futures varieties, the daily price limit ranges from 3% to 15%.
Spot gold: no increase limit.
Account name threshold;
Futures gold: starting at a minimum of 30,000 yuan.
Spot gold: The standard warehouse account of a general platform is US$ 5,000, equivalent to RMB above 3 yuan. Some platforms can open mini warehouses, generally around US$ 65,438+0,000.