Why choose Futu for investing in US and Hong Kong stocks? A big reveal on depositing, withdrawing, a

The US and Hong Kong stock markets have attracted many investors due to their large scale, many opportunities, and transparent regulation. Faced with numerous investment platforms, it is crucial to choose a safe, reliable, and comprehensive service platform. In this article, we will focus on why Futu is suitable for investing in US and Hong Kong stocks, as well as Futu’s deposit and withdrawal operations and account opening process, to help you better grasp investment opportunities.

Why choose Futu?

The reason why Futu has become a good choice for many investors in US and Hong Kong stocks is mainly reflected in the following advantages:

• Diversified investment products

Futu supports trading in US stocks, Hong Kong stocks, and ETFs, and provides options trading services to meet the needs of different investors. The platform also supports new stock subscription, facilitating customer engagement with new stock publishing.

• High security and compliance

Futu, as a licensed Financial Institution, is strictly regulated by the Hong Kong Securities Supervision Commission to ensure the platform’s legal compliance. Customer funds are protected by multiple protection measures, and investors can rest assured to deposit their funds on the platform without worrying about fund security issues.

• Low cost structure

Futu offers highly competitive transaction fees, significantly reducing investors’ transaction costs. The platform fees are transparent with no hidden fees, allowing investors to clearly understand their cost structure and use more funds for actual investment.

• Exceptional User Experience

Futu’s application interface is designed to be simple and easy to operate, allowing both beginners and veterans to quickly get started. The platform provides a variety of intelligent investment tools, including real-time market trends, in-depth market analysis, risk warnings, etc., to help investors make wiser investment decisions.

• Socialized investment community

Futu has created an active investor community where users can communicate with other investors and share investment experiences and strategies. The community function not only enriches users’ investment information sources, but also helps investors benefit from others’ experiences and improve the accuracy of investment decisions.

• Perfect Client Server

Futu provides 24/7 customer support to solve problems encountered by users during the investment process at any time. The platform supports multiple language services to help investors with different language backgrounds use the platform smoothly. Futu also provides rich educational resources and training courses to help investors continuously improve their investment capabilities.

Deposit and withdrawal methods of Futu

To conduct stock investment trading, it is important to understand how to deposit and withdraw funds. Below is an introduction to the deposit and withdrawal methods.

Deposit method

• e-DDA

Users can initiate e-DDA transfers through the Futu NiuNiu app. Select “Fund Management” in the app, click “Deposit”, select the e-DDA method, fill in the relevant bank account info, and authorize Futu to deduct the funds directly. The funds usually arrive within 5 minutes and are free.

• Bank-certificate transfer

Users can make electronic bank transfers through their personal bank accounts, and then notify Futu to receive payments through the Futu app or website. This method is suitable for transferring funds between users’ existing bank accounts and securities accounts. The arrival time is usually within 2 hours, and it may take 1-3 working days across banks. Futu does not charge fees, and banks may charge fees.

• FPS (Fast Payment System)

Users can initiate FPS transfers through electronic banking or ATM machines, and then notify the platform to receive the payment in the Futu app. This method also applies to fund transfers between bank accounts in Hong Kong, with a arrival time similar to bank securities transfers and free of charge.

Withdrawal method

• Bank-certificate transfer

It is a convenient way to withdraw funds, allowing users to directly transfer funds from their Futu Securities account to their bank account. It is usually used for large withdrawals and requires the bank to activate relevant services in advance without any procedures. Generally, the funds will be credited to the account within 1-2 working days after application.

• Bank telegraphic transfer

A withdrawal method suitable for cross-border fund transfer. Users can transfer funds from Futu Securities account to overseas bank account through this method. The telegraphic transfer fee is relatively high, and the funds are usually remitted within 1-2 working days after the withdrawal application.

A more convenient global multi-asset trading wallet - BiyaPay

• If you have investment needs in US and Hong Kong stocks, BiyaPay is also a good choice. It supports real-time exchange of digital currencies such as BTC and USDT with US dollars and Hong Kong dollars.
• Users can achieve real-time deposits and withdrawals through digital currency. They can directly invest in US and Hong Kong stocks on the platform, or bind offshore bank accounts to exchange USDT for US dollars and Hong Kong dollars through biyapay, remit to offshore bank accounts, and then deposit funds to securities firms. The funds can be credited on the same day with low fees and no limit on the amount.
• Not only supports trading in US and Hong Kong stocks, but also supports investing in digital currencies such as Bitcoin

Futu Account Opening Guide

After understanding the above content, we can open an account. Opening an account on Futu is very simple, and the entire process can be completed online.

Online account opening preparation

• Prepare identification documents (such as ID card, passport) and bank account info. Make sure these documents match your actual identity for verification.
• Users need to download the Futu NiuNiu app or visit the Futu official website to open an account.

Fill in personal information

• Create an account by entering your email and phone number, and set a secure password.
• Enter personal information such as name, date of birth, nationality and residential address to ensure consistency with identity documents.

Upload identification documents

• Upload a photo or scan of your ID document according to the page prompts. Hong Kong residents may need to provide additional proof of address, while non-Hong Kong residents may need to provide proof of nationality.

Select account type

• Users can choose the account type according to their investment needs, and also choose different trading market permissions (such as US stocks, Hong Kong stocks).

Complete identity verification (KYC).

• After completing all information submissions, Futu will conduct identity verification (KYC). This process may take 1-2 working days.
• After verification, your account will be activated and you can start depositing and trading.

Futu has become a favored US and Hong Kong stock investment platform for many investors due to its diversified investment products, convenient account opening process, and efficient deposit and withdrawal services. If you have investment needs, you can go to Futu to open an account and experience related services.