Common comparison error
A futures contract is not a binary option: profit and loss vary with price, and margin, liquidation, expiry, and delivery or cash-settlement rules apply.
GlossaryProducts & contracts
Futures contract
An agreement tied to a future settlement or delivery price. Futures use different margin, loss, and holding-period mechanics from binary options.
Practical use
How to verify Futures contract
Read Futures contract together with Derivative, Binary option, CFD. The comparison must preserve the exact rule, value, state, and evidence described below.
A neutral example
A Bitcoin futures position uses margin, a contract multiplier, daily mark-to-market, and a fixed expiry; a perpetual version instead uses funding and no scheduled maturity. Neither has a binary fixed payout.
Evidence path
Where to verify Futures contract
Use the source that governs the exact contract, account, entity, or platform state. A general definition cannot replace current broker terms.