The ownership of a future contract

Beginner Questions
1

hi
this question make me laugh but anyway

one of the property of future contracts is ownership of assets

Ownership of assets

When you enter a futures contract, you’d have two options at the date of expiry:

  • Physical settlement – taking delivery of a commodity or ownership of underlying shares, currencies and bonds
  • Cash settlement – instead of taking delivery or ownership of the asset, you’d only transfer the amount in cash

but in fx future contracts we trade with leverage let assume I am trading gold future contract with the leverage of 1:10 so if the date of expiry arrives can I get my gold in the value without my margins in front of my house :laughing:

and another question is that is banks trading the same future contracts that retailers do because it’s not like CFD?

thank you