The essential difference is that

1, the direct object of spot trading is the commodity itself, including samples, objects and pricing. The direct object of futures trading is futures contracts, not how many contracts to buy or sell.

2. Futures trading is also called T+D, and spot trading is called T+0, which means that futures trading cannot be delivered immediately, while spot trading can be bought one second and sold the next.

3. At present, domestic futures with leverage more than 5 times are called illegal futures, and the spot leverage is very high, which can reach 1: 100 and 1:500.

So the essential difference is: 1, the convenience of quick delivery of transactions, and 2, the small and large funds.