During the Intraday Hours (as defined below), the initial margin will be lowered to a level equal to the maintenance margin ("intraday margin"), the clients may save at least 10%-15% of their purchasing power. Margin requirements are subject to change at any time without prior notice in response to changes in exchange or regulatory requirements. Therefore, clients should pay attention to the latest margin requirements on relevant pages.

Trading hours available for intraday margin ("Intraday Hours")

Eastern Time: Monday to Friday, 9:30 a.m. - 3:30 p.m.
Beijing Time: 9:30 p.m. - 3:30 a.m. during Daylight Saving Time (March to November)
Beijing Time: 10:30 p.m. - 4:30 a.m. during Standard Time (November to March)

Note: If the exchange closes early due to emergencies (such as bad weather), Futu will revert to the initial margin 15 minutes before the exchange closes or otherwise in advance based on the current situation. In any case, Futu has the right to execute "forced liquidation" immediately once the client's account equity falls below the maintenance margin requirement.

Application Rules

During the Intraday Hours, the intraday margin applies;
Outside the Intraday Hours, the original initial margin applies.

How to Participate

If you want to participate in this Program, please click here to apply. Futu will review your application based on your financial position, investment experience, credit record, and other factors. Normally, the review will be completed within approximately 1-3 business days. Once your application is approved, your margin requirements will be updated.

Risk of Margin Trading

The risk of loss in financing a transaction by deposit of collateral is significant. You may sustain losses in excess of your cash and any other assets deposited as collateral with the licensed or registered person. Market conditions may make it impossible to execute contingent orders, such as “stop-loss” or “stop-limit” orders, so as to limit your losses. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. You should, therefore, carefully consider whether such a financing arrangement is suitable in light of your own financial position and investment objectives.

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Overview

Eligible US Securities
Offer
Trading hours available for intraday margin ("Intraday Hours")
Application Rules
How to Participate
Risk of Margin Trading

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北水狂掃港股！近期如何操作？

71%

29%

看好！繼續加倉

我恐高，逢高減倉

16K votes

年頭旺到年尾

Feb 27 16:09

Review on February 27...

$Hang Seng Index (800000.HK)$ $HSI Futures Current Contract (HSIcurrent.HK)$ The day before yesterday's review mentioned that the estimated previous top of 23,700 was not the peak. Yesterday it immediately broke through, and the increase was unexpectedly close to 1,000 points, as the short-term trading underestimated the extent of the rise. Therefore, many positions were previously entered in a bearish way, but in the end, the bears exited with stop losses at the close.

Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.

Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.

Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
Support and resistance can be referenced based on spot prices.
Support levels are 23150, 23250, 2...