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Futu

8.2 / 10 Overall Score

Website: https://www.futuhk.com/en/
Jurisdiction: Hong Kong
Operating Since: 10-15 years
Regulatory Status: N/A

Score Breakdown

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Regulation
Business
Risk Control
Software

Company & Contact

Legal Name: 富途证券
Phone: 85225233588
Email: pr@futunn.com
Address: —

License Info: [{"监管状态": "HK Regulated", "牌照信息": "Hong Kong Futures & leveraged FX"}]

In-Depth Broker Review

What’s inside: Company overview, account types, and deposit & withdrawal guidance.

Company Profile
Account Types
Deposit & Withdrawal

Broker Details

# Futu Company: Corporate, Regulatory, and Organizational Overview

## 1. Company Overview

Futu company is an advanced technology firm that specializes in providing a fully digitized brokerage platform and wealth management services. The company operates under the brand name "Futu" and offers a range of financial services, including stock trading, margin financing, and wealth management through its proprietary platforms, Futubull and Moomoo. Founded in 2012, Futu company has rapidly established itself as a leading online broker, primarily serving the emerging affluent population in China and other international markets.

Futu Holdings Limited is publicly traded on the Nasdaq under the ticker symbol FUTU and is recognized as a fintech unicorn. The company is headquartered in Sheung Wan, Hong Kong, and has expanded its operations to various regions, including the United States, Singapore, and mainland China.

## 2. Corporate Development

Futu company has experienced significant growth since its inception, marked by key milestones such as its initial public offering (IPO) on March 8, 2019. This move allowed Futu to raise capital and expand its services further. Over the years, Futu has diversified its product offerings and enhanced its technology infrastructure to improve user experience and operational efficiency. The company has also received numerous awards for its innovative services and technology, solidifying its reputation within the fintech sector.

## 3. Corporate Structure and Subsidiaries

Futu company operates through various subsidiaries, including Futu Securities International (Hong Kong) Limited, which is the primary entity responsible for its brokerage services. The company has also established branches in other regions, such as the United States and Singapore, to cater to a broader client base. The leadership team is headed by CEO Leaf Hua Li, who has been with the company since its founding. The organizational structure includes key departments focused on technology development, customer service, and regulatory compliance.

## 4. Regulation and Compliance

Futu company is regulated by the Securities and Futures Commission (SFC) of Hong Kong, holding license number AZT 137. This regulatory framework ensures that Futu adheres to stringent compliance and transparency measures. The company protects client funds through segregation policies and is a member of the Securities Investor Protection Corporation (SIPC) in the United States, which provides additional security for client investments. Futu is also compliant with various international regulatory standards, enhancing its credibility in the global market.

## 5. Global Presence and Market Coverage

Futu company primarily serves markets in Hong Kong, mainland China, and the United States, with plans for further expansion into other regions. The company has established local branches and representative offices to enhance its service delivery in these markets. Futu focuses on providing investment services to individual investors, particularly targeting the growing affluent demographic in Asia.

## 6. Financial and Operational Data

As of the latest available information, Futu company employs over 3,200 people and has a user base exceeding 22 million across its platforms. The company reported significant revenue growth, with total revenues reaching approximately HKD 2.6 billion (USD 331 million) in its latest quarterly earnings. Futu has made substantial investments in technology and infrastructure to support its digital brokerage services, ensuring a robust platform for its users.

## 7. Reputation and Industry Standing

Futu company is well-regarded within the financial community, receiving positive reviews for its user-friendly platforms and innovative services. It has established partnerships with major financial institutions, including a strategic collaboration with Nasdaq, which enhances its market offerings. Analyst ratings indicate a favorable perception of the company's growth potential and operational integrity.

## 8. Summary

Futu company has emerged as a significant player in the fintech and online brokerage sectors, characterized by its innovative digital platforms and strong regulatory compliance. With a solid operational foundation and a commitment to enhancing the investing experience for its clients, Futu continues to expand its market presence and maintain its reputation for integrity and reliability in the financial services industry.

Account Types

# Futu Account Types

Futu offers several account types designed to cater to different trading preferences. Below are the available account types:

| Account Type                | Minimum Deposit       | Leverage Limits                | Trading Instruments Available                                | Base Currencies Supported | Unique Features                     |
|-----------------------------|-----------------------|--------------------------------|-------------------------------------------------------------|---------------------------|-------------------------------------|
| Fund Account                 | $1,500                | Not specified                  | Stocks, ETFs, IPOs, CBBCs, I Bonds, Options, Warrants      | Not specified             | Standard account for general trading |
| US Margin Account            | $2,500                | Up to 1:2 for long positions; 1:1.67 for short positions | Stocks, Options, Futures                                     | USD                       | Margin trading support              |
| Hong Kong Margin Account     | $2,500                | Up to 1:2                      | Stocks, Options                                             | HKD                       | Margin trading support              |
| Northbound Margin Account    | $2,500                | Up to 1:2                      | Stocks, Options                                             | CNY                       | Margin trading support              |

# Futu Broker Account Opening Process

To open an account with Futu broker, follow these steps:

1. **Visit the Account Registration Page**: Go to the Futu website or download the Futu mobile app to begin the registration process.
   
2. **Complete the Registration Form**: Fill out the required personal information including name, address, email, and phone number.

3. **KYC/Identity Verification**: Provide necessary documents for identity verification. This may include a government-issued ID and proof of address.

4. **Initial Funding**: Make the minimum deposit of $1,500 through bank transfer. Other funding methods may not be available.

5. **Approval Time**: Wait for account approval, which typically takes one to two business days.

6. **Access Trading Platforms**: Once approved, you can access the Futu trading platform, including the proprietary desktop and mobile applications.

7. **Optional Steps for Additional Accounts**: If you wish to open a margin account, ensure you meet the minimum deposit requirement of $2,500.

8. **Start Trading**: Begin trading once your account is funded and set up.

Deposit & Withdrawal

# Futu Deposit & Withdrawal Guide 2025: Methods, Limits, and Processing Times Explained

## Part 1: Futu Minimum Deposit Requirements

### Futu Minimum Deposit Explained

Futu requires a minimum deposit of **$1,500 USD** or **10,000 HKD** to open an account. This amount is applicable across all account types and is aimed at ensuring that users have sufficient capital for trading activities.

### Account-Type Comparison

Futu offers several account types, including:
- **Fund Account**
- **US Margin Account**
- **Hong Kong Margin Account**
- **Northbound Margin Account**

Each account type caters to different trading preferences and regulatory requirements.

### Regional Differences

The minimum deposit requirement is consistent across regions where Futu operates, including Hong Kong and the US. However, the currency used may vary based on the user's location.

### Advantages
1. **Low Minimum Deposit**: Compared to many brokers, Futu's minimum deposit is relatively low, making it accessible for new traders.
2. **Diverse Account Types**: Various account types provide flexibility to cater to different trading strategies.
3. **No Deposit Fees**: Futu does not charge fees for deposits, allowing traders to fund their accounts without additional costs.
4. **Transparent Fee Structure**: The absence of hidden fees enhances user trust and satisfaction.

### Disadvantages
1. **Limited Payment Methods**: Futu only accepts bank transfers, which may be inconvenient for some users.
2. **No E-wallet Support**: Popular e-wallets like PayPal or Skrill are not accepted, limiting options for funding.
3. **High Minimum for Margin Accounts**: The minimum deposit for margin accounts can be a barrier for smaller traders.
4. **No Demo Account**: The lack of a demo account can hinder new traders from practicing before committing real funds.

### Competitor Comparison

Compared to competitors like **Moomoo** and **Tiger Brokers**, which have similar minimum deposits, Futu's offerings are more limited in terms of payment methods and account types, potentially making it less appealing for users seeking more flexibility.

---

## Part 2: Futu Deposit Methods

### Futu Deposit Methods Comprehensive Guide

Futu primarily supports the following deposit methods:

1. **Bank Transfer**
   - **Processing Time**: Typically within one working day.
   - **Fees**: No broker fees, but third-party charges may apply.
   - **Availability**: Available for all users.
   - **Limits**: Minimum deposit of $1,500 USD / 10,000 HKD.
   - **Pros**: 
     - No deposit fees from Futu.
     - Widely accepted method.
   - **Cons**: 
     - Processing times can vary by bank.
     - Not instant.

2. **Cheque**
   - **Processing Time**: Processing can take up to one working day after the cheque is deposited.
   - **Fees**: No fees charged by Futu.
   - **Availability**: Available for users who prefer traditional banking methods.
   - **Limits**: Same as bank transfer.
   - **Pros**: 
     - No fees.
     - Familiar method for many users.
   - **Cons**: 
     - Slower processing time compared to bank transfers.
     - Requires physical handling.

### Supported Currencies and Recommended Methods

Futu supports deposits in **HKD** and **USD**. The recommended method for the fastest processing is through **ICBC (Asia)** accounts, which are known to have quicker fund settlement times.

---

## Part 3: Futu Deposit Process

### Futu Deposit Steps Explained

1. **Log into Your Account**: Access your Futu account through the FutuBull app or website.
2. **Navigate to the Deposit Section**: Go to the 'Accounts' tab and select 'Transfers' then 'Deposit'.
3. **Select Deposit Method**: Choose either bank transfer or cheque.
4. **Enter Deposit Amount**: Input the amount you wish to deposit, ensuring it meets the minimum requirement.
5. **Confirm and Submit**: Review the details and confirm the deposit.

### Mobile vs Web Differences

The deposit process is similar on both mobile and web platforms, with minor variations in navigation. The mobile app may provide a more streamlined interface for quick deposits.

### KYC Notes and Common Issues with Solutions

Futu requires users to complete KYC (Know Your Customer) verification before making deposits. Common issues include mismatched account names and insufficient documentation. Ensure that the name on your bank account matches your Futu account to avoid delays.

### Typical Fund Crediting Times

Deposits via bank transfer are typically credited within **one working day**, while cheque deposits may take longer, depending on bank processing times.

---

## Part 4: Futu Withdrawal Methods

### Futu Withdrawal Methods Overview

Futu offers the following withdrawal channels:

1. **Bank Transfer**
   - **Processing Time**: Typically within 1-2 business days.
   - **Fees**: No withdrawal fees charged by Futu; however, banks may impose fees.
   - **Currencies**: HKD and USD.
   - **Limits**: Minimum withdrawal of $1,500 USD / 10,000 HKD.
   - **Pros**: 
     - No fees from Futu.
     - Reliable transfer method.
   - **Cons**: 
     - May take longer due to bank processing times.

2. **Cheque**
   - **Processing Time**: Withdrawal requests can take up to two business days to process.
   - **Fees**: No fees charged by Futu.
   - **Currencies**: HKD and USD.
   - **Limits**: Same as bank transfer.
   - **Pros**: 
     - No fees.
     - Familiar method for many users.
   - **Cons**: 
     - Slower than electronic transfers.
     - Requires physical handling.

### Recommended Options by Cost and Speed

For the fastest and most cost-effective withdrawals, bank transfers are recommended, as they do not incur fees from Futu and generally process faster than cheque withdrawals.

---

## Part 5: Futu Withdrawal Process

### Futu Withdrawal Steps Explained

1. **Log into Your Account**: Access your Futu account through the FutuBull app or website.
2. **Navigate to the Withdrawal Section**: Go to the 'Accounts' tab and select 'Transfers' then 'Withdraw'.
3. **Select Withdrawal Method**: Choose either bank transfer or cheque.
4. **Enter Withdrawal Amount**: Input the amount you wish to withdraw, ensuring it meets the minimum requirement.
5. **Confirm and Submit**: Review the details and confirm the withdrawal.

### ID Verification Requirements

To complete the withdrawal process, ensure that your Futu account is verified with valid identification that matches the name on your bank account.

### Expected Fund Arrival Time

Funds from bank transfers are typically available within **1-2 business days**, while cheque withdrawals may take longer depending on processing times.

### Typical Delay Reasons and Fixes

Delays may occur due to:
- Mismatched account names: Ensure the name on your bank account matches your Futu account.
- Bank processing times: Check with your bank for any delays.
- Withdrawal amount exceeding limits: Ensure your withdrawal meets the minimum requirements.

---

## FAQs – Futu Deposits & Withdrawals

### What is the minimum deposit for Futu?
The minimum deposit for Futu is **$1,500 USD** or **10,000 HKD**.

### How long do withdrawals take?
Withdrawals typically take **1-2 business days** to process.

### Are there fees for deposits or withdrawals?
Futu does not charge fees for deposits or withdrawals, but third-party banks may impose their own fees.

### Can the same method be used for both?
Yes, the same method (bank transfer or cheque) can be used for both deposits and withdrawals.

### Are crypto or local methods supported?
Futu does not currently support cryptocurrency deposits or withdrawals. Local payment methods are limited to bank transfers and cheques only.

Disclaimer: This card is for informational purposes only and does not constitute investment advice. Always verify details with official disclosures and regulators.

Futu

Futu

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