Funds on Hold
@moomoo Lily or anyone who has noticed and knows this question, can you explain to me what 'Funds on Hold' means ?.
My account already has amount of deposit from my first deposit, then I have traded and get $10 profit. And when I looked at my net assets, I just realized about the 'Funds on Hold', what 'Funds on Hold' means ?.
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Moomoo Lily : Hi, you can view the relevant information here: https://fastsupport.fututrade.com/en-us/topic153?lang=en-us&from_platform=&platform_langArea =
jiffy Pop : isn't it the most irritating!? I have same question with no satisfied answers from Cus.Ser.
71174873 OP jiffy Pop : Do you understand about Funds on Hold ?
sentsation : Usually need to wait a few days for them to finalise the funds into your account. Same goes for withdrawal
Mav Sim : the holding fund is for paying the trading fees. when you try to sell some shares, you will also realise there is holding funds for the transaction fees.
71174873 OP Mav Sim : Sorry, I have question
As an example :
- If my first deposit is $200, after that i'm buy shares and get profit $10.
Then Now, in my US Margin Account, the amounts of Net Assets is $210, with the following details:
- Funds on hold : $29
- Buying Power : $181
- Cash : $210
My question is, when the market close. How much estimate my final amounts of my Buying Power and my Cash ?. Will it be reduced later than it should be $210 ?.
jiffy Pop : GREAT question ! i too have would like to know .
71174873 OP jiffy Pop : Seems any hidden fee, the details of all fees should be shown and included when we want placing the order, so it does not interfere the calculations and confused our decisions when we must buy and or sell.
Dadacai 71174873 OP : When the funds are fully settled, you will have $210. In the meantime, if you need to buy anything, refer to the buying power.