Go toWatchlistand click on the stock you want. Alternatively search for the symbol of the stock you want using the magnifying glass. ClickTrade ClickTypeto select type of order. Pls note that market orders require you to have funds that are 1.5 times the current market value (price x qty) to ensure the buy order will be successful. Inputpriceandquantity Select theSessionandTime-in-Force.
You can check thefeesapplicable by clicking on the highlighted icon.
Note: The fee structure your account enjoys including any waivers can be viewed atAccounts>More>MyFees
Unlock Tradeby clicking on the lock icon and keying in your trading password (NOT the same as your login password. Your trading password can be managed atMe>Settings>Password & Security. Press Buy/Sell as appropriate.
Method 2:
Accounts>QuickTrade ClickTypeto select type of order. Inputpriceandquantity Select theSessionandTime-in-Force.
You can check thefeesapplicable by clicking on the highlighted icon.
Unlock Tradeby clicking on the lock icon and keying in your trading password (NOT the same as your login password. Your trading password can be managed atMe>Settings>Password & Security.Press Buy/Sell as appropriate
Dadacai
OP
:
The risk with using margin is you can lose more than what you put in. If you do not wish to trade using margin, just buy with the cash you have in your account. When you place a trade, there will be indicators as to how many units you can buy on cash and on margin.
bubbleberrygum
Dadacai
OP
:
Mmm yes I read fr the link u provided above that margin can have a x2 leverage rate for example. But what I wanna clear up is that hmmm....if we transfer cash btw sgd and usd accts, isn’t it considered cash? As in since u said Futu accounts are margin accts. Sorry for asking, still getting familiar with these =)
bubbleberrygum
:
Does it mean we don’t need any brokerage firm to help sell off our stocks already and can just use Futu for this purpose? The fees would be the platform and commission charges yes?
Dadacai
OPbubbleberrygum
:
Currency exchange moves your cash from one market account to another. Margin is activated only if you buy above the amount of cash you have in the account for that market. Eg, when buying US stocks, it will deduct from USD in the US account and not the SGD in the SG account.
bubbleberrygum
:
Understand. So the fees are those listed like Platform, commission and settlement yes? By the way, thx again for responding to our qns always. Must not be easy being so active here
bubbleberrygum : May I ask what does margin acct mean?
Dadacai OP bubbleberrygum : Hi, the account you open with Futu is a margin account. Except for Singapore stocks, you have access to margin (borrow money from the brokerage to trade) subject to minimum maintenance margin. https://support.futusg.com/en-us/category11025/h5
Dadacai OP : The risk with using margin is you can lose more than what you put in. If you do not wish to trade using margin, just buy with the cash you have in your account. When you place a trade, there will be indicators as to how many units you can buy on cash and on margin.
bubbleberrygum Dadacai OP : Mmm so for eg, the aapl share if sold, will be to our margin accounts?
Dadacai OP bubbleberrygum : It will appear in the US margin account.
bubbleberrygum Dadacai OP : Mmm yes I read fr the link u provided above that margin can have a x2 leverage rate for example. But what I wanna clear up is that hmmm....if we transfer cash btw sgd and usd accts, isn’t it considered cash? As in since u said Futu accounts are margin accts. Sorry for asking, still getting familiar with these =)
bubbleberrygum : Does it mean we don’t need any brokerage firm to help sell off our stocks already and can just use Futu for this purpose? The fees would be the platform and commission charges yes?
bubbleberrygum : Good day night to you too!
Dadacai OP bubbleberrygum : Currency exchange moves your cash from one market account to another. Margin is activated only if you buy above the amount of cash you have in the account for that market. Eg, when buying US stocks, it will deduct from USD in the US account and not the SGD in the SG account.
bubbleberrygum : Understand. So the fees are those listed like Platform, commission and settlement yes? By the way, thx again for responding to our qns always. Must not be easy being so active here
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