Futures is a two-way transaction, which can be short or short. When the price rises, you can buy low and sell high, and when the price falls, you can sell high and make up low. You can make money by doing more, and you can also make money by shorting. Stocks can only be bought first and then sold, and prices can only be profitable if they rise. If there is a price drop in the market, you can only stop loss or bear the loss. Market trading opportunities are reduced by half.
2. The leverage ratio is different
Leveraged trading is the charm of futures investment. Futures trading does not need to pay all the funds. At present, domestic futures trading only needs to pay a certain percentage of margin to gain control over the total contract value, and the leverage ratio is generally around 10%. Stock trading is a major transaction. You need to pay the full amount to buy stocks, and you can't raise money or short them. So the use of funds is inefficient.
3. Different market transparency.
The futures market is relatively transparent. Transactions are concentrated on the exchange. What everyone trades is mainly the price of the underlying goods, and the "three publics" of the market are easily guaranteed. There is a need for a series of credit strengthening systems behind stock trading, and the information is easily distorted or leaked, and the transparency is poor, such as the financial audit, financial statements and the publication of major information of enterprises. If a link goes wrong, it may lead to a great loss of investment.
4. The transaction speed is different.
Futures is a "T+0" transaction, which can be bought and sold within one day. The transaction speed is fast, the capital use efficiency is high, and the risk can be stopped in time. Stock trading now adopts the trading mode of "T+ 1". Stocks bought on the same day will not be transferred to the account until the next trading day. In other words, you won't have the right to sell until the next trading day, which affects the efficiency of funds to a certain extent, and investors sometimes can't make timely adjustments when they encounter risk events.
5. The handling fee rate is different.
Futures trading costs are low, there is no stamp duty and other taxes, and the only cost is the transaction fee. At present, the procedures of the three domestic exchanges are about two ten thousandths or three ten thousandths, plus the additional fees of brokers, and the maximum unilateral handling fee is not more than one thousandth. Take sugar as an example, if the price fluctuates 1 point, it is possible to make money. The cost of stock trading is relatively high. The average customer's online unilateral transaction is above 2.5‰, and the transaction cost of written and telephone entrustment is higher.
The content of this article comes from: China Law Publishing House "General Knowledge Series of Legal Life"