Rating Index
Pros
Transparent pricing model with no commission fees for trading Hong Kong stocks and ETFs, along with free market data.
User-friendly proprietary trading platform available on desktop, browser, and mobile devices.
Access to pre-IPO trading hours, providing unique investment opportunities.
Cons
Forex trading is not available, limiting options for currency traders.
Limited payment methods, as the broker does not support popular e-wallets like Skrill, Neteller, or PayPal.
No access to widely-used trading platforms like MT4 or MT5, which may deter experienced traders.
Futu Securities broker Accounts
Futu Securities Account Type
Futu Securities offers various account types tailored to meet the needs of different investors. The primary account types include:
Cash Account: This account allows users to trade with their deposited funds without the ability to borrow money. It's ideal for conservative investors who prefer to use their own capital for trading.
Margin Account: This account enables investors to borrow funds from Futu Securities to trade, amplifying their buying power. It is suitable for more experienced traders looking to leverage their investments.
Futu MoneyPlus Account: This account provides access to money market funds, stock funds, and bond funds, allowing users to earn interest on idle cash while waiting to invest.
Futu A-Share Account: Specifically for trading in mainland Chinas stock market, this account allows users to invest in A-shares.
Futu International Account: This account enables trading in various global markets, including the US and Hong Kong stock exchanges.
Visit the Futu Securities Website: Go to the official Futu Securities website.
Click on 'Open Account': Find and click the "Open Account" button on the website.
Select Your Tax Residency: Choose your country of tax residency from the options provided.
Fill in Personal Information: Complete the registration form with your legal name, address, date of birth, and other required details.
Identity Verification: Choose from three methods for identity verification:
- Online Verification: Upload a photo of your ID and proof of address.
- In-Person Appointment: Schedule a meeting with Futu staff to verify your identity.
- Submit a Cheque: Provide a cheque as part of the verification process.
Initial Deposit: After your account is verified, deposit a minimum of HK$10,000 to fund your account.
Start Trading: Once the funds are deposited, you can begin trading on the Futu platform.
Futu Securities Broker Account Opening Process
Opening an account with Futu Securities is a straightforward process that can be completed online. Here are the steps:
For promotional offers, new users can enter a specific promo code during the account opening process to receive additional rewards.
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