Futu Minimum Deposit
What Is Minimum Deposit of Futu?
The minimum deposit required to open a live account with Futu is 10,000 HKD or 1,500 USD. This amount is relatively moderate compared to many other brokers, which often set higher thresholds. It allows a wider range of investors to access trading services without needing substantial capital upfront. Overall, this deposit level is considered reasonable, making Futu an attractive option for both new and experienced traders.
Does Futu Provide Deposit Bonus?
Futu does not offer any deposit bonuses, such as matching rewards for new users or promotional incentives. This means that traders looking for immediate bonuses when they deposit funds will not find such options with Futu. Instead, users are advised to focus on the platform’s overall trading fees and services to determine its value rather than expecting bonuses.
Futu Payment Options
Futu Deposit and Withdrawal
| Deposit and Withdrawal Method | Currency | Deposit and Withdrawal Fees | Processing Time |
|---|---|---|---|
| Bank Transfer | HKD, USD | Free | 1 business day |
| Cheque | HKD, USD | Free | 2 business days |
| Credit Card | HKD, USD | Free | 1 business day |
Does Futu Charge Deposit Fees?
Futu does not charge deposit fees for any payment methods. All deposit methods, including bank transfers and credit cards, are free of charge. This user-friendly fee policy enhances the overall trading experience, making it accessible for clients to fund their accounts without additional costs.
Does Futu Support Cryptos to Deposit?
Futu supports cryptocurrency deposits, allowing clients to deposit Bitcoin (BTC) and Ethereum (ETH). This feature enables users to engage with digital assets seamlessly, making Futu a suitable platform for those interested in both traditional and cryptocurrency investments.
Is It Easy to Deposit Money to Your Futu Account?
Futu offers a range of trading account types, including the Fund Account, US Margin Account, Hong Kong Margin Account, and Northbound Margin Account. Users typically select their account type based on their trading goals and capital, with varying minimum deposit requirements catering to both beginner and professional traders.
The deposit steps are simple and intuitive for most users, and mainstream payment methods require no additional documents. However, larger deposits for certain account types may necessitate further verification.
Which Futu Trading Account Is Right for You?
| Account Type | Minimum Deposit Requirement | Suitable User Type |
|---|---|---|
| Fund Account | 10,000 HKD / 1,500 USD | Beginner |
| US Margin Account | 10,000 HKD / 1,500 USD | Active Trader |
| Hong Kong Margin Account | 10,000 HKD / 1,500 USD | Professional Investor |
| Northbound Margin Account | 10,000 HKD / 1,500 USD | Intermediate to Advanced Trader |
Funding Your Account Step by Step
- Log in to your Futu account via the Futubull app or website.
- Navigate to the “Deposit” section in your account settings.
- Select your preferred bank transfer method and enter the deposit amount.
- Follow the prompts to complete the bank transfer; ensure you provide the correct account details.
- Wait for the deposit to be processed, which usually takes up to one working day.
- Check your account balance to confirm that the funds have been credited.
How to Withdraw from Futu
- Log in to Your Account: Open the Futubull app or website and log in using your credentials. Ensure your connection is secure for safety.
- Navigate to the Withdrawal Section: Once logged in, locate the ‘Funds’ or ‘Withdrawal’ section, usually found in the main menu or under your account settings.
- Choose Your Withdrawal Method: Select either bank transfer or cheque as your preferred method. Ensure that the withdrawal account matches the account used for trading.
- Enter the Amount: Specify the amount you wish to withdraw. Ensure that this amount complies with any minimum or maximum limits set by Futu.
- Submit Your Request: Review all details for accuracy and confirm the withdrawal request. If submitted before 15:00 HKT, the request will generally be processed the same business day.
FAQs
Q1: What is the minimum deposit for Futu?
A1: The minimum deposit required to open an account with Futu is 10,000 HKD or 1,500 USD. This amount is necessary to access the trading services offered by the broker.
Q2: How do I deposit funds into my Futu account?
A2: Futu accepts deposits exclusively via bank transfers, with no fees charged by the broker for this process. Deposits are generally processed within one working day, but third-party charges may apply.
Q3: What payment and withdrawal methods does Futu support?
A3: Futu allows withdrawals only to accounts that match the trading account owner’s name, using either bank transfers or cheques. There are no withdrawal fees, and processing can take up to two business days depending on the method.
Q4: Is my money safe with Futu?
A4: Yes, Futu is regulated by the Hong Kong Securities and Futures Commission (SFC), providing a level of security for your funds. Additionally, the broker employs secure trading practices to protect client investments.