(Note: At present, there is no formal and legal online spot trading platform supervised by the exchange in China)
Spot deferred trading refers to the payment of a certain percentage of deposit (deposit) now, and it is scheduled to pick up or pay in kind at some time in the future, represented by gold TD and silver TD listed and traded in Shanghai Gold Exchange.
(Spot deferred trading is a trading mode combining futures and spot; Individuals of gold TD and silver TD listed and traded on Shanghai Gold Exchange can participate in trading and delivery, and can apply for physical gold withdrawal at any time).
Futures trading is a kind of contract that can hold the corresponding spot for forward delivery by paying a certain percentage of margin, and you can choose to hedge your position at any time before the contract expires.
(Futures trading, individuals cannot participate in the trading of futures contracts in the delivery month)