Futong Account Type

　　Futong offers several types of trading accounts designed to cater to different investor needs and risk tolerances. The primary account types include:

• 　　Standard Trading Account: This account provides access to standard lots of currency, each worth $100,000. It typically requires a minimum balance of $2,000 to $10,000 and allows for significant potential gains and losses due to leverage (commonly 100:1).

• 　　Mini Trading Account: Designed for beginners or those with limited funds, this account allows transactions using mini lots, each worth $10,000. Most brokers require a minimum deposit of $250 to $500 for this account type, offering higher leverage (up to 400:1) and lower risk compared to standard accounts.

• 　　Managed Trading Account: In this account, the capital remains with the investor, but a professional portfolio manager makes the trading decisions. This account typically requires a minimum investment of $2,000 for pooled funds and $10,000 for individual accounts, and it incurs additional management fees.

  　　

　　

Futong Broker Account Opening Process

　　Opening an account with Futong is a straightforward process that can be completed online. Here are the steps to follow:

• 　　Enter Your Phone Number: Start the registration process by entering your phone number on the Futong platform.

• 　　Get Verification Code: Click the ‘get verification code’ button and enter the code sent to your phone.

• 　　Complete the Online Form: Fill out the required personal information, including your name, date of birth, and employment status. Prepare identification documents, such as your HKID card and proof of address.

• 　　Choose the Account Type: Select the type of account you wish to open (Standard, Mini, or Managed).

• 　　Identity Verification: You can verify your identity through one of three methods: online account opening, in-person appointment, or submitting a cheque.

• 　　Fund Your Account: After successful verification, you may need to deposit a minimum amount (e.g., HK$10,000 for standard accounts) to activate your trading capabilities.

• 　　Start Trading: Once your account is funded, you can begin trading using the Futong trading platform.

　　For more detailed information, visit Futong's official website.