FUTU HK Help Center-Futures Paper Trading Rules
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Futures Paper Trading Rules

1. Futures paper trading involves four markets: the Hong Kong, the US, Japan futures, and Singapore markets. By tapping "Claim Now", you can open a virtual account for each market and will have an initial assets of 10 million HKD, 10 million USD, 10 million JPY, and 10 million USD in each account, respectively.

2. Trading rules: Only limit orders are supported; positions can be closed or reserved at the market price only.

3. Forced liquidation rules: When your account equity falls below the maintenance margin, forced liquidation will be triggered. The system will first close out your positions near expiry dates, and then positions with floating losses in descending order.

4. Delivery rules: Paper trading does not support physical delivery. You need to close out your positions before they expire. If your positions remain open after the last trading day, the system will automatically close them out.

5. Paper trading adopts the rules of order matching. The highest bid (best bid) and the lowest ask (best ask) are the best prices for matching. A buy order at a price higher than the best ask or a sell order at a price lower than the best bid satisfies the matching conditions and will be automatically queued for execution.

6. The paper trading system is not necessarily consistent with the real market. In case of any inconsistency, data in the paper trading system shall prevail.

7. If you hold stock futures contracts of a listed company which is delisted for any reason, you may no longer trade such contracts in later trading days, and the system will close out your positions at the last closing price.

8. Transaction fees deducted in the paper trading system are not real expensed. The paper trading system is free of charge, so please feel free to use it.