1, the basic economic function is different: the basic function of the futures market is how to find risks in advance, predict risks and find suitable prices, while the basic function of the securities market is investment risk, how to determine the size of risks and then determine investment and allocate investment shares.

2. The market structure is different: the futures market has only fixed trading places, and there is no classification of futures trading places, while the securities market is divided into primary market and circulation market.

3. Different margin provisions: Before futures trading, it is not necessary to pay the full amount stipulated by the exchange, but only a part of the margin, while securities trading is different. If you want to complete the transaction, you must pay the full amount.