There are several main differences between futures and spot.

First, the trading mechanism is different. Commodities are T+0, which makes trading flexible and convenient. Stocks are T+ 1, and the traditional trading mechanism is slow. Futures and gold spot are T+0, which makes trading flexible and convenient.

Second, the profit model is different. Commodities are two-way transactions, with ups and downs. Stocks are one-way transactions. Only when the stock goes up can it be profitable. Futures and gold spot are also two-way transactions, with ups and downs.

Third, the trading margin is different. The margin of bulk commodities is 20%, the price fluctuates reasonably, the risk is moderate, the capital utilization rate is 5 times, and the stock 100%, the capital utilization rate is low and the risk is moderate. The trading margin of futures is 5- 10%, which is risky, the capital utilization ratio is 10 times, and the leverage ratio of gold spot is listed.

Fourth, the security of funds is different. Commodities, stocks and futures are all supervised by the third party of the bank, and the funds are safe and transparent, while the cash funds of gold are remitted abroad, so the safety factor is low and there is no guarantee;

5. Suitable for but different from customers, with low commodity threshold, suitable for mass customers to participate in investment. Although stocks have a low threshold, their returns are slow, the general trend is difficult to grasp, the futures threshold is high, and the price fluctuation space is large, which is difficult for investors to grasp, while spot gold needs strong technical analysis ability and risk tolerance;

6. With different rates of return, there are great opportunities for commodity investment, and limited funds can get greater returns, while stock investment opportunities are limited. Few people make profits in a bear market, and futures have big returns and big risks. But futures and gold spot are not suitable for ordinary investors.