First, the trading mechanism.

Futures crude oil: there is a short-selling mechanism, two-way trading can make a profit, and there are profit opportunities for both ups and downs. T+d trading system. If there is a delivery date, it must be delivered due, otherwise it will be forced to close the position or be delivered by things. At the same time, when the margin is insufficient, it will also be forced to close the position.

Spot crude oil: 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.

Second, trading funds.

Futures crude oil: margin trading, with leverage ranging from 8- 12.5 times.

Spot crude oil: margin trading, ranging from 20 to 33.3 times leverage.

Third, the trading time.

Futures crude oil: trading hours are: 9: 00 am to 165438+ 0: 30 pm to 1 0: 30 pm to 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. It's easy to miss the opportunity to get in and out.

Spot crude oil: following the opening hours in Europe and America, it is divided into daylight saving time and winter time. Due to the time difference, the current domestic trading hours are 07:00-05:00 and 05:00-07:00 Beijing time on each trading day, while the trading hours in Europe and America are 1 1 hour following the winter time from October, and the opening and closing delays are 1 hour. It can enter the market at any time, and the price continuity is superior to futures. The most active trading period is 20:00-02:00.

Fourth increase in restrictions

Futures crude oil: the daily price limit varies from 3% to 15% according to different futures varieties.

Spot crude oil: no increase limit