Futures is an investment permitted by the state, so when a futures company is established, it not only has a business license, but also a franchise license. There is a standardized trading place, and the trading platform is connected with the exchange and subject to the supervision of the CSRC; Because the spot platform is not allowed by the state, it is just a spot company opened by some companies in some places, without a franchise license, which is not standardized. Kanpan software is the platform's own electronic disk, and criminals often manipulate the price of the electronic disk.
Futures have a time limit and cannot hold positions all the time; There is no time limit for the spot, as long as it does not explode, it can be held all the time.
The target of futures trading is the physical object in the spot, and physical delivery can be considered at maturity, but the spot is generally not eligible to take the goods. It's just speculation to make the difference.
Futures is a matchmaking transaction, and many counterparties are empty. Opening multiple positions in one hand means that other investors in the market become empty opponents, on the contrary, the transaction is brokered by the exchange; Spot investors are trading with the platform. The platform will knock you down if it wants to knock you down, and it will lift you up if it wants to lift you up. It is not determined by the market at all.
The leverage of futures is generally between 5- 15 times; Spot leverage can generally be tens to hundreds of times.
Low futures commission and low transaction cost; Spot handling fee is high.
The purpose of futures is to hedge the risk of price fluctuation for entities and traders. Later, in order to enhance liquidity, individual investors (retail investors) were introduced as opponents. In addition to speculation, futures can also be hedged and arbitrage. Spot is purely a price change to earn the difference, not a casino.
After the central government issued a document on 20 16, most deceptive spot platforms were forced to shut down. With the development of the futures market, individual investors now tend to choose a more standardized futures market for investment. When investors choose investment products, remember to choose a legal and compliant platform.