The difference between forex futures trading and forward foreign exchange transactions: ① forex futures trading is conducted in a certain trading place, and forward foreign exchange transactions are generally realized by financial institutions such as banks through over-the-counter transactions. (2) As forex futures trading is conducted in a certain trading place, trading can only be conducted among exchange members, and non-exchange members must entrust their members to buy and sell foreign exchange futures contracts. Forward foreign exchange transactions do not have the above restrictions. (3) Foreign exchange futures contracts are standardized contracts, and forward foreign exchange transactions are negotiated by both parties according to their own needs. ④ Both parties in forex futures trading must pay the deposit, and whether to pay the deposit for forward foreign exchange transactions depends on the credit relationship between the two parties. ⑤ The settlement institution shall be responsible for the settlement in forex futures trading. If there is no settlement institution for forward foreign exchange transactions, both parties shall make their own settlement on the agreed settlement date.