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    Futu Securities Review & Welcome Offer: Trading HK & US Stocks with Low Fees

    All Posts » Start Investing
    Last updated: Jul 19, 2024•  3 min read

    語言: 廣東話

    Table of ContentsTable of Contents
    • Futu Securities Fees & Features

    • Futu Online Account Opening Process

    • 100% online account opening & identity verification

    • Make an appointment to verify your identity

    • Trading of Hong Kong stocks, US stocks, and new shares

    • Futu MoneyPlus Fund

    • Stock quote, analysis, practical information

    • Discover the Best Investment Account Fees and offers

    Futu Securities Fees & Features

    HK Market
    US Market
    Robo Advisors
    logo
    Futubull
    Other Fee
    N/A
    Avg. Trade Cost
    HKD 15
    Welcome Offer: Welcome Offer: Enjoy up to HK$2,100 welcome offer Register a new account on or before 31st October 2024 by using Planto exclusive promo code “PLANTO” can enjoy the below rewards: 1) Planto exclusive offer : Enter promo code “PLANTO” BEFORE account opening can enjoy HK$300 flight ticket cash coupon 2) Lifetime commission-free for HK stocks and US stock LV2 real-time streaming quotation services 3) Open an account, deposit a total of HK$10,000 or above into the Futu HK account. Maintain 60 days daily average asset* of HK$10,000 or above to receive : Alibaba (NYSE:BABA) - 1 share or HK$400 supermarket e-voucher or HK$600-equivalent BTC 4) Open an account, deposit a total of HK$80,000 or above into the Futu HK account. Maintain 60 days daily average asset* of HK$80,000 or above to receive : Nvidia (NYSE:NVDA) – 1 share or HK$1,000 equivalent BTC Redemption procedures : Download Futu app; Register an account and go to Activity Centre; Enter “PLANTO” in redemption centre before account opening. Detailed procedures can refer to review article All rewards can be stacked. As of the closing price on 1 Oct 2024, Alibaba (NYSE: BABA) stock price was US$112.74/share As of the closing price on 1 Oct 2024, Nvidia (NYSE: NVDA) stock price was US$117/share Asset calculation method: Sum of the everyday assets/60 days; Including Cash/ Stocks/ Funds/ Options/ Futures Investment involves risks. The fund price may move up or down. Investor should thoroughly study the funds' offering documents and other related documents (including risk disclosure statements). Terms and Conditions apply
    See more
    See more
    logo
    Tiger Brokers
    Other Fee
    0
    Avg. Trade Cost
    HKD 0
    Welcome Offer: Successfully open an account through Planto’s exclusive link then complete certain tasks until 11th October 2024 to enjoy up to HK$2,300 worth of reward: - Exclusive HK$400 supermarket vouchers from Planto after depositing HK$10,000 , plus: 1. Time-limited Commission-Free Rewards -0 Commission for HK stock trading (Lifetime) -0 Platform fee for HK stock trading (until 11th October 2024) -NYSE Arca Level 2 Deep Quote streaming for US stocks (until 11th October 2024) -0 Commission for US stock option trading (until 11th October 2024) -US Stock Option Lv1 Real-time Quotes (until 11th October 2024) - 365-day A-share commission-free voucher (available by opening an account before October 31, 2024) 2. New clients account opening awards, fund more for 45 consecutive days to get more (please refer to T&Cs for detailed qualifications) - Net deposit* HK$10,000 or US$1,500 or above : to activate HK$300 stock voucher (3x HK$100 vouchers) and 3-month free HK Stock Lv1 streaming quote - Net deposit* HK$50,000 or above : to activate HK$600 stock vouchers (6x HK$100 vouchers) - Net deposit* HK$100,000 or above : to activate HK$1,200 stock vouchers (12x HK$100 vouchers) 3. Complete 5 non-forex trades with each trade amounting to or exceeding HK$100 within 60 days after successful account opening (applicable to both Hong Kong and US stocks) : to activate HK$700 stock voucher (7x HK$100 vouchers) * Net deposit = deposit amount - withdrawal amount, excluding the part of asset increase or decrease due to normal transactions. ^Daily cumulative net deposits = (from the account opening date) cumulative deposit amount - (from the account opening date) cumulative withdrawal amount, excluding asset fluctuations caused by normal trading activities * Offers are subject to terms and conditions
    See more
    See more
    logo
    Webull
    Other Fee
    0
    Avg. Trade Cost
    Welcome Offer: New customers who successfully open a Webull account through the Planto website's link can enjoy Apple shares worth up to HK$1,688! - Successfully open an account, deposit HK$10,000, and maintain the funds for 60 days to receive Apple stocks worth HK$600. - Successfully open an account, deposit HK$80,000, complete 10 buy trades, and maintain the funds for 60 days to receive an additional HK$1,088 worth of Apple stocks. - New users can enjoy 90 days of 0 platform fees for Hong Kong and US stocks upon opening an account. - Trade 50 or more option contracts to enjoy 0 commission and 0 platform fees on option trading.
    logo
    Longbridge
    Other Fee
    0
    Avg. Trade Cost
    HK$0
    Welcome Offer: On or before 31 October 2024, apply via Planto by using promo code「614701」, successfully open an account and deposit HK$10,000 to receive : 1) Planto exclusive HK$200 supermarket coupon 2) Extra HK$100 cash rebate 3) Life-time commission free for HK and US stock 4) APR 6% offer for deposit 5) Deposit HK$10,000 for 60 days with 4 tradings : NVDA.US - 1 share OR deposit HK$60,000 for 60 days with 4 tradings : AAPL.US - 1 share New customers who transfer the stock to LongBridge and meet designated requirement can get either 1) AirPods 4 ; or 2) an iPad mini 6 ; or 3) iPhone 16 Pro Max Terms and conditions apply
    See more
    See more
    logo
    Interactive Brokers
    Other Fee
    0
    Avg. Trade Cost
    Welcome Offer: Earn up to 4.83% annual interest rate on positive settled cash balance for accounts with total NAV of US$100,000 or higher. (Accounts with NAV of less than US$100,000 receive interest at rates proportional to the size of the account. Interest rate if for reference only, it may change any time according to market condition)
    See more
    See more

    Futu Securities, which was invested into by the Internet giant Tencent (0700.HK), is one of the most popular investment brokerages in Hong Kong with more than 600,000 users for its mobile app “Futu Niuniu”. The main advantages include cheaper transaction fees, a simple-to-use app, easy to trade Hong Kong stocks, US stocks and rich market research capabilities.

    To help you more, we went through the account opening process and the user experience of buying and selling stocks and money market funds!

    Futu Online Account Opening Process

    The website is Chinese only but it’s easy enough to navigate

    Image
    1. Enter your phone number
    2. Click the ‘get verification code’ button
    3. Enter the verification code
    4. Click open account

    Once you’ve done this, you can actually just switch to the Futu app and login with your phone number and continue the account opening process there. The steps include:

    1. Login to your account (via phone number)
    2. Prepare your HKID card and address proof (screenshots or pictures of the card or proof is fine!)
    3. Fill in some simple information such as name, date of birth, employment status, etc. Buying U.S. stocks involves U.S. taxation, so you must declare whether you are a U.S. citizen
    4. For identity verification, you can choose from three methods: online account opening, in-person appointment, or by submitting a cheque

    and that’s it! The Planto team tested two account opening methods – doing it completely online and by making an appointment. Either way works and you can have your account open and ready to invest within 1-2 days.

    100% online account opening & identity verification

    This is the easiest way to open a Futu account. Fill out the information online and select “Open an account online”, use your mobile phone or computer to upload your ID card and address proof photo, then bind your bank account and deposit HK $ 10,000 to the Futu account shown on the screen. The sooner you do this, the quicker you can start investing!

    Make an appointment to verify your identity

    After filling in the information online and choosing “Make an appointment”, you can choose to meet with Futu staff and present your identification documents on the spot. Users can choose the time and place for the meeting. The Planto team submitted an online application on November 6 and successfully made an appointment to verify their identity at the Hong Kong MTR Station two days later.

    Although it is “offline” account opening, in practice, the Futu staff only uses an iPad to take pictures and upload documents for applicants, which is almost the same as online account opening. The main benefit of meeting and opening an account is that you can open an account without having to deposit the HK$ 10,000 immediately when you open an account.

    Trading of Hong Kong stocks, US stocks, and new shares

    Futu has iPhone, Android, Windows and Mac versions of the app, which can be used to invest in Hong Kong stocks, US stocks and A shares. The buying and selling procedures are similar to those of the bank’s system. Select the stock, number of shares you want to buy, and order instructions and then you just wait for the order to be executed!

    (Fun fact: Futu’s trading system claims to complete Hong Kong stock trading orders in 0.0037 seconds – although this probably won’t matter for most investors)

    If you invest in US stocks, you can deposit US dollars into your account or exchange it via the Futu app directly. If investing in A shares, you’ll need to have RMB in the Futu A-share account. In addition, you can also subscribe to IPO stocks in HK and US although this would not be advisable for beginner investors!

    Futu MoneyPlus Fund

    Futu MoneyPlus includes money market funds, stock funds and bond funds. The money market funds are particularly interesting: while you’re waiting to invest (whether it’s for research or waiting for the right time), you can put your idle funds in the money market funds and get an annualized return of nearly 2%, withdrawable at any time. Due to the low risk and stable returns of the money fund, you could almost consider it as a high-interest savings account.

    Image

    Bond funds are low to medium risk, with greater volatility than money market funds, but also higher returns. As for equity funds, the potential risks and returns are both higher.

    Stock quote, analysis, practical information

    Another selling point of the Futu Niuniu app is that it can provide very rich market information, including real-time quotes, valuation trends, corporate financial analysis and forecast, financial news reports, stock market basics and other information about Hong Kong and US stocks. There’s also a community where you can discuss ideas with other fellow-minded investors!

    Image

    Having said that, most of the research information is displayed in Simplified Chinese – if you can’t read Chinese, then it may not be that useful for you!

    Luckily, this doesn’t impact the actual experience of buying and selling securities so if you’re looking for a low-cost broker, Futu can be a great choice (whether you speak Chinese or not)!.

    Discover the Best Investment Account Fees and offers

    HK Market
    US Market
    Robo Advisors
    logo
    Futubull
    Other Fee
    N/A
    Avg. Trade Cost
    HKD 15
    Welcome Offer: Welcome Offer: Enjoy up to HK$2,100 welcome offer Register a new account on or before 31st October 2024 by using Planto exclusive promo code “PLANTO” can enjoy the below rewards: 1) Planto exclusive offer : Enter promo code “PLANTO” BEFORE account opening can enjoy HK$300 flight ticket cash coupon 2) Lifetime commission-free for HK stocks and US stock LV2 real-time streaming quotation services 3) Open an account, deposit a total of HK$10,000 or above into the Futu HK account. Maintain 60 days daily average asset* of HK$10,000 or above to receive : Alibaba (NYSE:BABA) - 1 share or HK$400 supermarket e-voucher or HK$600-equivalent BTC 4) Open an account, deposit a total of HK$80,000 or above into the Futu HK account. Maintain 60 days daily average asset* of HK$80,000 or above to receive : Nvidia (NYSE:NVDA) – 1 share or HK$1,000 equivalent BTC Redemption procedures : Download Futu app; Register an account and go to Activity Centre; Enter “PLANTO” in redemption centre before account opening. Detailed procedures can refer to review article All rewards can be stacked. As of the closing price on 1 Oct 2024, Alibaba (NYSE: BABA) stock price was US$112.74/share As of the closing price on 1 Oct 2024, Nvidia (NYSE: NVDA) stock price was US$117/share Asset calculation method: Sum of the everyday assets/60 days; Including Cash/ Stocks/ Funds/ Options/ Futures Investment involves risks. The fund price may move up or down. Investor should thoroughly study the funds' offering documents and other related documents (including risk disclosure statements). Terms and Conditions apply
    See more
    See more
    logo
    Tiger Brokers
    Other Fee
    0
    Avg. Trade Cost
    HKD 0
    Welcome Offer: Successfully open an account through Planto’s exclusive link then complete certain tasks until 11th October 2024 to enjoy up to HK$2,300 worth of reward: - Exclusive HK$400 supermarket vouchers from Planto after depositing HK$10,000 , plus: 1. Time-limited Commission-Free Rewards -0 Commission for HK stock trading (Lifetime) -0 Platform fee for HK stock trading (until 11th October 2024) -NYSE Arca Level 2 Deep Quote streaming for US stocks (until 11th October 2024) -0 Commission for US stock option trading (until 11th October 2024) -US Stock Option Lv1 Real-time Quotes (until 11th October 2024) - 365-day A-share commission-free voucher (available by opening an account before October 31, 2024) 2. New clients account opening awards, fund more for 45 consecutive days to get more (please refer to T&Cs for detailed qualifications) - Net deposit* HK$10,000 or US$1,500 or above : to activate HK$300 stock voucher (3x HK$100 vouchers) and 3-month free HK Stock Lv1 streaming quote - Net deposit* HK$50,000 or above : to activate HK$600 stock vouchers (6x HK$100 vouchers) - Net deposit* HK$100,000 or above : to activate HK$1,200 stock vouchers (12x HK$100 vouchers) 3. Complete 5 non-forex trades with each trade amounting to or exceeding HK$100 within 60 days after successful account opening (applicable to both Hong Kong and US stocks) : to activate HK$700 stock voucher (7x HK$100 vouchers) * Net deposit = deposit amount - withdrawal amount, excluding the part of asset increase or decrease due to normal transactions. ^Daily cumulative net deposits = (from the account opening date) cumulative deposit amount - (from the account opening date) cumulative withdrawal amount, excluding asset fluctuations caused by normal trading activities * Offers are subject to terms and conditions
    See more
    See more
    logo
    Webull
    Other Fee
    0
    Avg. Trade Cost
    Welcome Offer: New customers who successfully open a Webull account through the Planto website's link can enjoy Apple shares worth up to HK$1,688! - Successfully open an account, deposit HK$10,000, and maintain the funds for 60 days to receive Apple stocks worth HK$600. - Successfully open an account, deposit HK$80,000, complete 10 buy trades, and maintain the funds for 60 days to receive an additional HK$1,088 worth of Apple stocks. - New users can enjoy 90 days of 0 platform fees for Hong Kong and US stocks upon opening an account. - Trade 50 or more option contracts to enjoy 0 commission and 0 platform fees on option trading.
    logo
    Longbridge
    Other Fee
    0
    Avg. Trade Cost
    HK$0
    Welcome Offer: On or before 31 October 2024, apply via Planto by using promo code「614701」, successfully open an account and deposit HK$10,000 to receive : 1) Planto exclusive HK$200 supermarket coupon 2) Extra HK$100 cash rebate 3) Life-time commission free for HK and US stock 4) APR 6% offer for deposit 5) Deposit HK$10,000 for 60 days with 4 tradings : NVDA.US - 1 share OR deposit HK$60,000 for 60 days with 4 tradings : AAPL.US - 1 share New customers who transfer the stock to LongBridge and meet designated requirement can get either 1) AirPods 4 ; or 2) an iPad mini 6 ; or 3) iPhone 16 Pro Max Terms and conditions apply
    See more
    See more
    logo
    Interactive Brokers
    Other Fee
    0
    Avg. Trade Cost
    Welcome Offer: Earn up to 4.83% annual interest rate on positive settled cash balance for accounts with total NAV of US$100,000 or higher. (Accounts with NAV of less than US$100,000 receive interest at rates proportional to the size of the account. Interest rate if for reference only, it may change any time according to market condition)
    See more
    See more

    Important information:

    Investment involves risks. This information is intended to be educational and is not tailored to the investment needs of any specific investor. This information does not constitute investment advice and should not be used as the basis for any investment decision nor should it be treated as a recommendation for any investment or action. Past performance is no guarantee of future results. The value of investments and the income from them can go down as well as up, so you may not get back what you invest.

    #Investing 101
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    Table of ContentsTable of Contents
    • Futu Securities Fees & Features

    • Futu Online Account Opening Process

    • 100% online account opening & identity verification

    • Make an appointment to verify your identity

    • Trading of Hong Kong stocks, US stocks, and new shares

    • Futu MoneyPlus Fund

    • Stock quote, analysis, practical information

    • Discover the Best Investment Account Fees and offers
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