Planto logo
  • App & Content
      App & Content
      Business Solutions
      Corporate
  •  | 
    Planto logo
     | 
    Sidebar hamburger menu
    Futu Securities Review: Trading HK & US Stocks with Low Fees

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

    All Posts » Start Investing
    Last updated: Aug 7, 2020•  3 min read

    語言: 廣東話

    Table of ContentsTable of Contents

    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 Securities Fees & Features

    HK Market
    US Market
    Robo Advisors
    Webull
    Other Fee
    N/A
    Avg. Trade Cost
    HKD 10
    Welcome Offer: During the promotion period, new customers who apply via Planto, successfully open a Webull account, and complete some simple tasks can enjoy rewards valued up to HK$1,000: - Successfully open an account, deposit HK$10,000, and retain it for 60 days to receive a HK$1,000 supermarket voucher. (Complete Planto reward redemption to receive the offer) Terms and conditions apply.
    See more
    See more
    Webull
    Other Fee
    N/A
    Avg. Trade Cost
    HKD 0
    Welcome Offer: During the promotion period, new customers who apply via Planto, successfully open a Webull account, and complete some simple tasks can enjoy rewards valued up to HK$1,000: - Successfully open an account, deposit HK$10,000, and retain it for 60 days to receive a HK$1,000 supermarket voucher. (Complete Planto reward redemption to receive the offer) Terms and conditions apply.
    See more
    See more
    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 30th June 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 30th September 2024) - NYSE Arca Level 2 Deep Quote streaming for US stocks (until 30th September 2024) - 0 Commission for US stock option trading (until 30th September 2024) - US Stock Option Lv1 Real-time Quotes (until 30th September 2024) 2. New clients account opening awards, fund more for 45 consecutive days to get more (please refer to T&Cs for detailed quolifications) - 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
    See more
    See more
    LONGBRIDGE
    Other Fee
    N/A
    Avg. Trade Cost
    HKD 15
    Welcome Offer: On or before 30 June 2024, apply via Planto, successfully open an account and deposit HK$10,000 to receive up to HK$2,000 worth of rewards: Planto exclusive HK$200 supermarket coupon Choose from one of the below 2 offers : A. Up to HK$1,500 * Up to 41% APR for deposit (Limited to HK$20,000 maximum for 60 days to enjoy interest approximately HK$1,366) [Usual APR is 5% while new clients can enjoy extra 30%] * Total worth of HK$200 stocks cash coupon (HK$100 x 2) B. Total worth up to HK$1,800 * Total worth of HK$800 stocks cash coupon * Total worth of HK$1,000 cash rebate (upon 15 tradings) Terms and conditions
    See more
    See more
    LONGBRIDGE
    Other Fee
    N/A
    Avg. Trade Cost
    HKD 8
    Welcome Offer: On or before 30 June 2024, apply via Planto, successfully open an account and deposit HK$10,000 to receive up to HK$2,000 worth of rewards: Planto exclusive HK$200 supermarket coupon Choose from one of the below 2 offers : A. Up to HK$1,500 * Up to 41% APR for deposit (Limited to HK$20,000 maximum for 60 days to enjoy interest approximately HK$1,366) [Usual APR is 5% while new clients can enjoy extra 30%] * Total worth of HK$200 stocks cash coupon (HK$100 x 2) B. Total worth up to HK$1,800 * Total worth of HK$800 stocks cash coupon * Total worth of HK$1,000 cash rebate (upon 15 tradings) Terms and conditions
    See more
    See more
    Futubull
    Other Fee
    N/A
    Avg. Trade Cost
    HKD 15
    Welcome Offer: Enjoy up to HK$2,200 welcome offer Register a new account on or before 30th June 2024 through Planto and receive an exclusive HKD 200 cash coupon (directly deposited into Futu account) 1. 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 2. 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 : TSM (NYSE:TSM) – 1 share Additional rewards: Register a new account together with a friend can enjoy lifetime 0 commission for HK stock and additional HK$200 supermarket e-voucher You need to deposit and maintain HK$80,000 in order to stack the first and second award As of the closing price on 15 May 2024, Alibaba (NYSE: BABA) stock price was US$80.99/share As of the closing price on 15 May 2024, TSM (NYSE: TSM) stock price was US$155.58/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).
    See more
    See more
    Futubull
    Other Fee
    N/A
    Avg. Trade Cost
    HKD 15.5
    Welcome Offer: Enjoy up to HK$2,200 welcome offer Register a new account on or before 30th June 2024 through Planto and receive an exclusive HKD 200 cash coupon (directly deposited into Futu account) 1. 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 2. 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 : TSM (NYSE:TSM) – 1 share Additional rewards: Register a new account together with a friend can enjoy lifetime 0 commission for HK stock and additional HK$200 supermarket e-voucher You need to deposit and maintain HK$80,000 in order to stack the first and second award As of the closing price on 15 May 2024, Alibaba (NYSE: BABA) stock price was US$80.99/share As of the closing price on 15 May 2024, TSM (NYSE: TSM) stock price was US$155.58/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).
    See more
    See more
    Saxo Hong Kong
    Other Fee
    N/A
    Avg. Trade Cost
    0.05%
    (min. HKD 18)
    Welcome Offer: Enjoy up to 4.27%* on cash deposits amount US$10,000 or higher *the interest rate figure is for reference, it could change with the market condition
    See more
    See more
    Saxo Hong Kong
    Other Fee
    N/A
    Avg. Trade Cost
    From HKD 0.039 / share
    (min. from HKD 23)
    Welcome Offer: Enjoy up to 4.27%* on cash deposits amount US$10,000 or higher *the interest rate figure is for reference, it could change with the market condition
    See more
    See more
    uSMART Securities
    Other Fee
    N/A
    Avg. Trade Cost
    HKD 8
    Welcome Offer: April special offer, Open an account with uSmart to earn: • 2024 promotion : US$1.5 transaction fee per trade for US stock, 0 commission and platform fee for HK stock • Real-time streaming quotation for HK stocks (Terms and conditions apply)• Lifetime free U.S. stock commission (only for standard accounts) • HK$20 cash coupons X8 #For HK stocks, you can enjoy 0 commission and platform fee by trading the designated 16 ETF. For US stocks, you can enjoy US$1.5 transaction fee per trade when the value of each trading of main board stocks equals or higher than US$100.
    See more
    See more
    Interactive Brokers
    Other Fee
    N/A
    Avg. Trade Cost
    0.05% of Trade Value
    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
    Interactive Brokers
    Other Fee
    N/A
    Avg. Trade Cost
    US$0.005 / share
    (min. from US$0.35)
    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
    Syfe
    Account Funding Requirements
    HKD 10,000
    Fees
    0.35%-0.65% AUM
    See more
    See more
    Stashaway
    Account Funding Requirements
    HKD 10,000
    Fees
    0.2%-0.8% AUM
    Welcome Offer: New customers who successfully open a StashAway account via Planto’s link can enjoy 3 months of free management for up to HK$50,000.
    See more
    See more
    Aqumon
    Account Funding Requirements
    HKD 10,000
    Fees
    0.5%-0.8% AUM
    See more
    See more

    Futu Online Account Opening Process

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

    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.

    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!

    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)!.

    Next steps:

    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
    Share:
    Share via FacebookShare via TwitterShare via WhatsAppShare via LinkedInShare via URL
    Share via FacebookShare via TwitterShare via WhatsAppShare via LinkedInShare via URL
    Track. Plan. Get advice.Making your finances easier
    Follow us on social for more useful news!
    Instagram
    @planto.hk
    Facebook
    @Planto.HK
    LinkedIn

    Subscribe to Planto Newsletter & Stay Updated!

    Hong Kong’s Latest Financial Insights & Offers 🎁

    Try Planto App for Free

    Over 200,000 Downloads in HK

    About UsToolsSecurity DetailsHelp CenterBlogPrivacy PolicyTerms & ConditionsGoogle API Disclosure
    22/F, 3 Lockhart Road, Wan Chai, Hong KongPlanto Limited © 2024