FUTU HK Help Center-Trading Rules
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Help Center Trading Ability FUTU MONEY PLUS Structured Products Trading Rules

Trading Rules

1. How to buy structured products

1.1 Requirements

Some structured products are available for subscription by retail clients, while others are limited to professional investors (PI) only. If you wish to subscribe to PI-exclusive products, you must first open a universal account with FUTU HK and get verified as a PI.

 

1.2 How to place orders for structured products

Select a product:

Choose your desired structured product from the product list on the Wealth page. If you don't find a suitable product, you can contact us or use the RFQ (Request for Quote) feature to customize a product.

Place an order:

Enter the nominal value you want, and tap Buy to submit the order.

  • For products from the product list, you can place multiple orders before the purchase cutoff time.
  • For products created using RFQ, only one order is allowed per request.

Confirm your order:

Wait for the issuer to confirm the transaction, usually within two trading days after submitting the order. Once confirmed, your holdings will be updated.

 

1.3 How can I calculate the order amount

Order Amount = Nominal Value * Issue Price
Note: Commission fees are included in the issue price.

 

1.4 Buying power

1) How can I check my buying power

The values behind Buy on Cash and Buy on Margin indicate your buying power.
Buy on Cash = cash buying power without using margin
Buy on Margin = maximum buying power after adding stock positions as collateral
If you have activated Unified Buying Power, your Cash Plus (MMF) holdings will go into your cash buying power and maximum buying power.

2) Can I buy structured products on margin

If your paying account is a margin account and the order amount exceeds your cash buying power, you'll be notified that margin will be used to cover the shortfall. If the order amount does not exceed your cash buying power, margin will not be used.

3) What are the interest charges if I use margin

• View Margin Rates
• When does the interest begin to accrue

A structured product transaction usually settles on the issue date. If the issue date falls on a non-trading day, settlement is advanced to the previous trading day. If you have a negative balance in your account after the transaction settles, interest will be accrued daily and settled monthly.

Example:
If you place a structured product buy order on the transaction day (T day), and the products are issued five days after the T day (T+5), interest will begin to accrue if you have a negative balance after the transaction settles on the T+5 day.

 

1.5 Max/min issuance amount

As required by the product issuer, to ensure product issuance, the total order amount shall reach the minimum issuance amount and shall not exceed the maximum issuance amount. Otherwise, the product won't be issued, your order will expire, and your funds frozen for the order will be released.

 

1.6 When can I view my positions after placing the order

Transactions are usually confirmed within two trading days. You can check your positions once the transaction has been confirmed. Before that, you can check the latest status of the order and the details.
Note: The actual confirmation time may vary depending on the issuer.

 

2. How to cancel orders for structured products

  • For products purchased from the product list, you can cancel your order at any time before the purchase cutoff time. The specific cutoff time can be found on the product details page.
  • For RFQ products, once the order is placed, it cannot be cancelled.

 

3. Early Redemption of Products

3.1 Conditions for Early Redemption

If the structured product has market-making activities, you can redeem the product before these activities end, subject to the specific arrangements in the product document.

 

3.2 How to Early Redeem Products

1) Visit the product position page and select the product you wish to redeem early.
2) On the holdings detail page, click "More" at the bottom right and choose "Early Redemption".
3) Enter the redemption nominal value and confirm.
4) After submitting the request, wait for the issuer's confirmation (usually within 2 trading days after the market-making activity day).

 

3.3 Charges for Early Redemption

A redemption fee applies for early redemption. For the specific amount, please refer to the transaction rules on the product details page.

 

3.4 Calculation of Redemption Amount

Redemption Amount = Redemption Nominal Value * Exercise Price
The exercise price is finalized by the issuer and may vary due to market fluctuations, potentially resulting in significant losses. Consider your financial situation and risk tolerance carefully before proceeding with early redemption.

 

3.5 When Redemption Funds Are Received

After placing a redemption order, the trade is typically confirmed and funds credited within 2 trading days following the market-making activity day (funds are expected to be withdrawable within 7 trading days after crediting). Trade confirmation and fund withdrawal timelines depend on the issuer and actual conditions.

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