Quicker bank deposit settlement
Quicker cash deposit settlement would be a useful feature. I understand moomoo wants to have the money cleared before allowing trades but robinhood has instant settlement for margin accounts.
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JanetS : Hi, Futu does offer instant buying power once your deposit is initiated. The up limit of instant buying power starts from 1000 and moves up alongside your net asset value.
JanetS : Also I am curious that what made you feel that there was no instant buying power. There must be something that we didn’t cover at certain touch points. I would love to hear your suggestions, thanks
Dadacai JanetS: If I’m not wrong, there is no instant buying power for options.
JanetS Dadacai: Got it, how about the other platforms? Are you able to trade options with instant buying power? For the risk control purpose, we currently restrict the instant buying power from trading options.
Dadacai JanetS: I’m not sure about other trading platforms but faster settlement of deposit would help for those trading options.
JanetS Dadacai: Understood thanks!