CFDs are complex financial instruments and carry a high level of risk due to leverage. A significant proportion of retail investors incur losses when trading leveraged products such as CFDs. You should carefully consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your capital.
A futures contract is a standardized agreement to buy or sell an asset at a fixed price on a future date. Unlike forwards (which are negotiated privately between parties), futures are traded on regulated exchanges. A clearinghouse ensures that both parties fulfill their obligations, eliminating counterparty risk.