Exchange Rate: The exchange rate shown on the subscription page is for reference only. The actual exchange rate will be determined in real-time after the deposit has been made.

Subscription Amount: The subscription amount is based on the actual currency exchange amount.

Example

If you subscribe to a USD fund using your bank account with a subscription amount of $100:

Deposit Amount = Subscription Amount * Current Exchange Rate = $100 * 7.8089 = HK$780.89

When processing the auto currency exchange request, the exchange rate might be fluctuated within a short time, the deposited amount of HK$780.89 will be converted to US$100.14 or US$99. Therefore, the order will be adjusted to US$100.14 or US$99 accordingly.

Note

1) If account net assets are below maintenance margin, no deposit will be initiated.

2) If account net assets fall below maintenance margin after a successful deposit, the purchase will not proceed. Instead, the deposited funds will remain in the account and serve as margin. To proceed with the purchase, place the order again when account net assets are above maintenance margin.

2. Day T

Day T refers to the trading day when fund companies process investors' subscriptions, redemptions, and other requests. Day T varies across funds because fund companies have self-determined cut-off times.

Assume a fund company's cut-off time is 12:00.

● If an investor submits a subscription/redemption before 12:00 on Monday, the order will be processed on Monday (T).

● If an investor a subscription/redemption after 14:00 on Monday, the order will be processed on Tuesday (T+1).

● If an investor a subscription/redemption after 14:00 on Friday, the order will be processed next Monday (T+1).

3. Redemption

You can redeem the funds via the following steps:

1. Go to Brokerage Account page

2. Click the fund to enter the Position Details page and click the Redeem button

3. Fill in the redemption units

For bond funds and equity funds, investors can only apply for redemptions until the units are confirmed. It normally takes five business days to post the amount into your account after the redemption (time may vary across different funds). The posted amount can be used to trade stocks, subscribe to IPOs or funds, or make a withdrawal.

For cash withdrawable time after the redemption, please check the trading rules on the Detailed Quotes page.

4. Redeemed amount

It normally takes five business days to post the amount into your account after the redemption. You can check the redemption progress by clicking the Transactions icon on the Fund Management page.

5. NAV

The trend chart displayed on the Detailed Quotes page indicates the fund's net asset value trend in a given period. Therefore, investors can assess the fund's volatility, historical performance, etc., based on the chart. The chart, along with the NAV, is updated at the end of every trading day.

6. Estimated arrival of new gains

Gains will be generated once the units are confirmed and will be distributed after 21:00 HKT/SGT every trading day. Please refer to the actual arrival time of gains.

Gains will be accumulated and distributed on the next trading day of weekends, holidays, and other non-trading days.

For details about the estimated arrival of new gains, you can check:

● Timeline on the Subscription Completed page after you submit a subscription

● Trading rules on the Detailed Quotes page

● The Revenue Detail page

7. Restrictions

Subscription: There is a minimum investment amount.

Redemption: For bond and equity funds, investors can only apply for redemption when the units are confirmed.

8. Fees

Fund companies will charge a certain amount of money as the management fee. The fee will be deducted from the fund's net asset value. There is no need for investors to make extra payment.

9. Cancellation

After submitting a subscription or redemption, you can cancel it before the fund company begins processing your order.

Cancellation allowed: before 11:30 on day T

Types allowed: bond funds, equity funds, and balanced funds

You can cancel your orders via the app by clicking Brokerage account > Transactions > the order you'd like to cancel > Cancel order.

Examples:

● If you submit a subscription at 11:00 on a trading day, you can cancel the order before 11:30 on the same day. The order will be processed by the fund company after 11:30 and cannot be canceled since then.

● If you submit a subscription at 12:30 on a trading day, you can cancel the order before 11:30 on the next trading day.

● Orders cannot be canceled if they are submitted between 11:30 and 12:00 on a trading day.

10. Definition of Vulnerable Customer

Customers who fulfill one or more of the following criteria, are considered as vulnerable customers and restrictions will be imposed when subscribing to a product;

(i) above 75 years old

(ii) level of education below primary 6

(iii) above 65 years and level of education below secondary 6

For the Vulnerable Customer, it will only be classified as Conservative, Steady or Balanced investor, and is prohibited to subscribe any Complex products or products with lock-up period over than 1 year.

11. Product Risk Rating and Client Categorization Methodology

Futu Securities conducts a comprehensive suitability assessment on customers before they enter into transactions. This assessment is based on customer and product risks and considers factors such as customers' investment objectives, investment horizon, investor type, knowledge of derivatives, and portfolio concentration. For more information on product risk rating and customer risk profiling methods, please visit this link.

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Overview

1. Subscription
2. Day T
3. Redemption
4. Redeemed amount
5. NAV
6. Estimated arrival of new gains
7. Restrictions
8. Fees
9. Cancellation
10. Definition of Vulnerable Customer
11. Product Risk Rating and Client Categorization Methodology

Discussing

關稅風暴暫離高壓區！市場能否迎來反彈？

當地時間4月22日，美國總統特朗普公開承認美國目前對中國出口商品的關稅過高，預計稅率將大幅降低；美國財政部長貝森特也表示中美雙方關稅戰將很快降溫。4月25日，特朗普表示將爲不同國家設定「公平的」關稅稅率。特朗普此次對華關稅態度的轉變，能否平息市場恐慌情緒？關稅拉鋸戰最終結局如何？ Show More

Food流油

Apr 14 07:43

"Leaving the Group - Raising Taxes - Tweeting: The 'Money Making Strategy' of the Most Wild Gemini in Contemporary Times"

It's said that Trump is a walking drama machine, raising tariffs today and praising China tomorrow, making stock investors feel like they are on a roller coaster every day. But if you have seen hisThe Art of Trade, and then take another look at hisGemini horoscope—Wow! This guy's approach is simply the business version of "Empresses in the Palace", with every step marked by the four big characters "I want to make money".
The main core strategy in the book "The Art of Trade" is the combination of business thinking and the art of gaming.
Its core logic can be summarized into the following five dimensions:
1. The underlying logic of "creating momentum" and "the combination of reality and illusion".
The book emphasizes "always let the other party make the first offer" and "exaggerate demand to gain leverage."This strategy is often seen in tariff policies and trade negotiations.
[Example]
By imposing tariffs on various countries to create pressure, opponents are forced to the negotiation table, and then an agreement is reached through phased concessions.
II. Practical Application of the "Big Negotiation" Strategy
First, he scared everyone quite a bit, and then he gave a little reward.Imagine you are bargaining in a vegetable market, and Trump's approach is to first raise a loudspeaker and shout: "This pile of cabbage must be sold to me for 100 yuan today!" When the vendor is stunned, he suddenly rubs his hands and says: "But seeing that you are not having an easy time, let's settle for 80 yuan~"
[Example]
1. In 2018, tariffs were imposed on CN commodities, turning the global stock market into a green wilderness. Just when everyone was about to collapse, he suddenly signed a first-phase agreement and triumphantly tweeted: "No one understands deals better than I do!"
2. On April 2, 2025, ...

Trading

1. Subscription