What Account Types and Fees Does Futu Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Fund Account |
Investors focused on mutual funds |
Designed primarily for mutual fund trading |
Suitable for individuals looking to invest in pooled funds |
| US Margin Account |
Traders interested in US stocks |
Allows margin financing for enhanced trading potential |
Minimum deposit required; designed for active traders |
| Hong Kong Margin Account |
Investors trading Hong Kong stocks |
Equipped for margin trading of local assets |
Requires sufficient funds for margin activities |
| Northbound Margin Account |
Investors accessing mainland Chinese stocks |
Facilitates trading via the Stock Connect program |
Eligibility may depend on regulatory requirements |
Account Opening Process
To open an account with Futu, follow these steps: visit the Futu website and click on the “sign up” button to begin the registration process. Fill out the registration form with personal information such as your full name, contact details, date of birth, and nationality. Complete the application form by providing additional details like employment status, financial information, and investment experience. Submit supporting documents for identity verification, including proof of address and identification. Once your account is approved, you can deposit funds to start trading. It is important to note that you can upgrade your account to a professional account in the future if desired.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
Tight spreads for major pairs available |
| CFDs (Stocks, Indices) |
Varies |
0.0049 USD per share for US stocks |
Commission applies to specific equity trades |
| Cryptocurrencies |
Varies |
0.1% |
Variable depending on market conditions |
Other Fees
Futu may charge various fees including deposit and withdrawal fees, although there are no direct withdrawal fees. Clients should be aware of possible inactivity fees, platform usage fees, overnight interest (swap rates), and currency conversion fees. It is important to review all potential charges associated with the account to maintain a clear understanding of the overall cost of trading.
