First, the trading mechanism is different.

Futures crude oil: two-way trading, buy at any time, sell at any time. However, there is a delivery date, and it must be delivered at maturity, otherwise it will be forced to close the position or deliver it in kind.

Spot crude oil: two-way transaction, buy and sell at any time. But there is no delivery date that can be held indefinitely.

Second, the required margin is different.

The gap between the two is different. Generally speaking, the leverage of futures crude oil is greater than that of spot crude oil.

Third, the trading time is different.

Spot crude oil: 22-hour continuous trading;

Futures crude oil: four hours trading time.

Fourth, the increase limit is different.

Spot crude oil: no increase limit.

Futures crude oil: there are ups and downs.