Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Futu

Hong Kong|10-15 years|
Regulated in Hong Kong|Dealing in futures contracts & Leveraged foreign exchange trading|Suspicious Scope of Business|Medium potential risk|

https://www.futu5.com/en

Website

Rating Index

Influence

Influence

C

Influence index NO.1

United States 3.02

Surpassed 33.60% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

(+852)-2523 3588
pr@futunn.com
https://www.futu5.com/en
https://www.facebook.com/futuhk?fref=ts

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

(+852)-2523 3588

Chinese (Simplified)

400-870-1818

Broker Information

More

Company Name

富途证券

Company Abbreviation

Futu

Platform registered country and region

Hong Kong

Company website
Facebook

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts
Previous Detection : 2024-03-29
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Users who viewed Futu also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

FBS

8.75
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

VT Markets

8.63
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

FXCM

9.46
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website
Pyramid scheme complaint
Expose

Futu · Company Summary

BASIC INFORMATION

Futu is a recognized fintech unicorn and one of Asias top-ranking online brokers. It provides a fully digital service and advanced wealth management options to clients residing in China. Futu Securities International (Hong Kong) Limited is a technology corporation, running a fully digitized brokerage with a secure trading platform. Founded in 2012, the financial company has developed leading investment services.

REGULATORY INFROMATION: LICENSE

Futu Securities International is registered by Hong Kongs Securities and Futures Commission (SFC), CE number AZT137.

MARKETS

Futu offers clients worldwide investing and trading opportunities from Hong Kong, mainland China, and US markets in the following securities:

· IPOs

· ETFs

· Stocks

· CBBCs

· iBonds

· Options

· Warrants

COMMISSIONS

Futus fee structure offers zero-commission trading periods on US and Hong Kong stocks and shares. Below is a full breakdown of standard commission charges.

· US Stocks: 0.0049 USD per share

· US Options: 0.65 USD per contract

· US Futures: 2 USD per contract per side

· IPO Subscriptions (Cash): 50 HKD per order

· Chinese Stocks: 0.03% x transaction amount, minimum 3.00 CNH per order

· Hong Kong Stocks: 0.04% x transaction amount, minimum 3.00 HKD per order

· Hong Kong Options: 0.2% x transaction amount, minimum 3.00 HKD per order

· IPO Subscriptions (Futu Financing): the annual interest rate of HK stock margin (ave. 6.8% per year)

The annual margin rate for financing is a flat rate of 6.8% for Hong Kong stocks, 4.8% for US stocks and 8.8% for China A-shares. This is comparable to Moomoo and Webull rates, though less competitive than many other brokers both inside and outside of China.

Futu brokerage fees can be either fixed, at a flat rate of 15 HKD per order, or tiered, with the price falling from 30 HKD per order with increasing trading volume.

Clients may also incur other charges, including regulatory fees, exchange settlements, trading activity costs and stamp duty.

LEVERAGE

Leverage is available to all of Futus retail clients, though only with a minimum account value of $2,500. Leverage is capped at 1:2 for long positions and 1:1.67 for short positions.

ACCOUNT TYPES

There are four different types of Futu accounts, each geared for different trading preferences:

· Fund Account

· US Margin Account

· Hong Kong Margin Account

· Northbound Margin Account

PAYMENT METHODS

Deposits

Futu only accepts bank transfers as a funding method, with cash, e-wallet and joint account transfers not supported. There are no broker deposit fees, though third-party payment charges may apply. While processing times vary by bank, Futu aims to approve fund settlements within one working day. ICBC (Asia) accounts are recommended as the fastest deposit processing method.

Futu has an initial minimum deposit requirement of 10,000 HKD/1,500 USD.

Withdrawals

Futu Securities International does not charge a withdrawal fee. Clients must withdraw to an account matching the trading account owner and can be done either through cheque or bank transfer. The capital to be withdrawn must first be settled with the exchange, which can take two business days for Hong Kong and US stocks.

Processing times vary with third-party bank timings, although the broker will action the request in the same business day if received before 15:00 HKT. Withdrawals can be requested through the Futubull app

TRADING PLATFORMS

The broker only offers a proprietary digital platform terminal, Futubull, which is free for download to desktop devices running on Windows and Mac.

ACCEPTED COUNTRIES

Futu only accepts traders from China, Hong Kong

TRADING HOURS

Futu follows standard local office hours but supports trading 24-hours a day between Monday and Friday. However, different instruments may have specific opening and closing times, often dependent on their respective exchanges trading hours.

CUSTOMER SUPPORT

Futu brokerages customer service team can be contacted via the email address, phone number or postal address below. No live chat option is available, meaning clients cannot get immediate answers to their questions.

· Email: BD@futunn.com

· Telephone: (+852) 2523 3588

· Address: Unit C1-2, 13F, United Centre, No.95 Queensway, Admiralty, HK

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

3

Comments

Write a review

Rangrate
more than one year
I'm a user of Futu Forex trading, and I must say, two aspects stand out for me - the instant responsiveness of their support team and their commission system. Whenever I reach out, I get immediate assistance, and that level of service is crucial for me. 'm a user of Futu Forex trading, and I must say, two aspects stand out for me - the instant responsiveness of their support team and their commission system. Whenever I reach out, I get immediate assistance, and that level of service is crucial for me. The commission system is another highlight. I've introduced seven friends to Futu, and each time one of them completes the account registration and deposits funds, I receive a commission bonus. It's a fantastic incentive, and the fact that seven of my friends have given positive feedback after joining speaks volumes about the overall satisfaction with the platform.
2024-02-01 10:25
Reply
0
0
FX1390406838
more than one year
As a regulated securities company, I feel confident in the safety and security of my investments. The user interface is clean and intuitive, making it easy to navigate and execute trades. Plus, their customer service team is always responsive and helpful whenever I have a question or concern. Overall, I highly recommend Futu5 to anyone looking for a reliable and user-friendly platform for their investing needs.
2023-03-24 17:33
Reply
0
0
L21748
more than one year
My account balances are still here, around 2,000 HKD, but they shut down their website and my account… I cannot contact their staff! I know I am scammed, yet not resigned to let the thing end here…
2023-02-15 09:22
Reply
0
0
2
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com