The object of margin trading is generally stocks.

Financing is to borrow more money than one's own principal to buy stocks in order to get higher returns when the stock price rises in the future; Securities lending is to lend out the stocks that you don't own first, and then sell them first, so as to buy them back at a low level and write them off, thus earning the price difference.

There are many kinds of futures trading targets, but they are all margin trading, in other words, they are all delivered with money.

Open a position when you are bearish and freeze a certain margin. At the closing, if the price is lower than the opening price, the difference will generate profit, and vice versa.

When bullish, open more positions and freeze a certain margin. At the closing, if the price is higher than the opening price, the difference will generate profit, and vice versa.

The difference between futures and margin financing and securities lending;

Time limit:

The subject of futures trading is time-limited. For example, the contract for the next quarter must be settled at the end of the next quarter. After delivery, the contract cannot be traded. If you want to continue the transaction, you must change the contract regularly. The term is mobile position.

Different lever sizes:

General futures are ten times leveraged, usually much higher than margin financing and securities lending.

Other differences:

The price of money. Interest must be paid for financing, and futures positions have no interest.

In terms of risk control, both are applicable. Just because futures are more leveraged and riskier.