1, the difference between spot asphalt and futures asphalt: First, the trading time is different, the spot generally has 22 hours trading, while the futures only has 9 hours trading time. Second, futures have price limits, but there is no spot. Domestic futures are not in line with international standards, and the trading hours of international futures are different. Spot is in line with international standards, and spot margin is lower than futures margin. Futures is a contract system, that is, delivery at maturity. There is a contract expiration date, which stipulates that delivery must be made at maturity. There is no spot, as long as the account has enough funds, it can be held all the time.

2. The leverage ratio of spot to asphalt is higher than that of futures. Leverage ratio can enlarge investors' funds to operate, and only need to pay the deposit. With the same specifications, the funds operated by different levers are different. Take silver as an example. If it is 3,000 yuan per kilogram now, 100 kg, it will be 300,000 yuan in one hand. Divided by the leverage ratio, it is the funds needed for operation. Futures are generally about 5 times leverage, which is 60 thousand yuan. The fluctuation of a point is to earn 100 yuan. Now the highest spot rate on the market is 50 times, that is, 6000 yuan is used in one hand, and a point is also 100 yuan. It may be no different for customers with large funds, but ordinary investors are recommended to do spot.

3. The futures market is more stable than the spot market, because the spot platforms are chaotic now, and investors' losses are also very serious, mainly because most platforms are not investor-centric, and choosing a good financial management project and operating platform is the key.