A universal account is a type of account offered by FUTU HK. With a universal account, you can trade securities, futures, and forex across various markets (such as Hong Kong, the US, China Stock Connect, and Japan) using multiple currencies.
All the images displayed are for reference only and do not constitute any investment advice.
You can upgrade one or multiple single-market accounts to a universal account, and trade all types of investment options across all markets. All current features will be retained, and you can enjoy enhanced functionality.
Yes. To access new features, all existing accounts will be upgraded by October 2024.
Account upgrades are scheduled for weekends from July to September.
Your account upgrade will be postponed until the following week if your account has any of the following: 1) assets in transit; 2) pending mutual fund shares and RSPs; or 3) pending transactions such as deposits, withdrawals, cash transfers, stock transfers, or option exercises.
Your account upgrade will take place in September if you have any of the following: 1) a stock incentive account; 2) multiple accounts exclusive to a single market; 3) an old fee plan; 4) a tiered fee plan; or 5) OpenAPI.
After the upgrade, the old account will no longer support order placing, trading, or other features. All records, including order history, fund details, and statements, will be retained and accessible by switching to the old account.
All the images displayed are for reference only and do not constitute any investment advice.
No, your cash account will remain as a cash account after the upgrade. Currently, unified buying power is only available for margin accounts.
Yes, the new account supports multi-currency settlement. Buying power for Hong Kong stocks, US stocks, JP stocks, and China A-Shares accounts is unified. Currently, the buying power for futures and leveraged forex has not been unified yet. Please stay tuned for future updates.
After the upgrade, the universal account will maintain the same fee schedule as your original Hong Kong/US/China A-Shares account. Any benefits tied to the old account, for example, the commission-free seed, will also be transferred to the new universal account.
With the new account, you can trade across currencies directly if you have enough buying power. If you incur a debt in a different currency, you'll need to clear it by exchanging currencies, or you'll be charged interest after settlement.
The margin interest rates remain the same. The deduction of margin interest will follow the original logic, deducting in the order of the corresponding currency: first in the local currency, then in HKD, and finally in USD.
