Trading Rules
U.S. stock market trading sessions
Pre-market and after-hours trading quote update period
Do U.S. stocks support day trade
Is there a limit on price fluctuations for US stocks
Minimum trading unit for U.S. stocks
What is off market orders
Why the sell order price of U.S. stocks is lower than the best ask price, but can not be traded
What is the settlement rule for U.S. stocks
Extended trading risks
Other Notes on Placing US Stock Orders
What is penny stock
US Stock MV and P/L Calculation
Why use pre and post-market prices to calculate the market capitalization and profits and losses of stocks during respective period
Why my stock is banned from trading during pre-market trading session
Arrangement for delay or failure of trading system
Why should the placement of market orders be restricted
Withholding Tax on Publicly Traded Partnerships (PTP) Securities and Trading Arrangements
U.S. market overnight trading
Risk and Important Information relating to Trading in Over-the-counter ("OTC") Securities or Derivatives
US Stock Moving to T+1 Settlement
Order Type
US Stock Option
US Index Option
ETF
Stock Yield Program
Fractional shares trading in the US stock market
Dividend Reinvestment Plan
Notes on placing orders for US stocks include but are not limited to:
1. A limit order to open a position will be rejected by Futu’s risk management system if the order price deviates from the market price by more than 40%;
2. For a very small number of stocks, a fixed price is needed before an order can be placed, such as an integer multiple of 0.05 or 0.5;
3. Orders that meet Futu's risk management rules will be submitted to the clearing brokers, but they may be rejected if they do not meet the risk management rules of these clearing brokers due to some common reasons, including that the price deviates too much, trading is not available temporarily, or the corresponding stock code cannot be found;
4. The clearing brokers define an order amount of less than 100 shares as an odd lot;
5. An order submitted by a client may be submitted to a non-traditional exchange;
6. In order to execute transaction instructions, Futu will send them to the clearing brokers (including but not limited to the members of our Group).