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+0 trading system. You can open positions many times on the same day, but there is a delivery date, and you must deliver when it expires, otherwise you will be forced to close your position or deliver 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, different funds.

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

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

Third, the trading time is different.

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.