FUTU HK Help Center-Fund buying power
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Help Center Trading Ability FUTU MONEY PLUS Funds Fund buying power

Fund buying power

1. What is fund buying power

Fund buying power is the money in your account that is available for fund subscriptions.

When you subscribe to Cash Plus (MMF) or fund portfolios which include Cash Plus (MMF) ,

  • If your account is a margin account and auto-redemption is enabled, frozen funds from pending orders can also be used to purchase money market funds. In this case:
    • Available Amount = Withdrawable Amount in the Payment Account + Frozen Funds from Pending Orders
  • In other situations where your account is a cash account, or auto-redemption is not enabled, the available amount is calculated as follows:
    • Available Amount = Withdrawable Amount in the Payment Account

When you subscribe to other types of funds,

Available amount (Buy on Cash) = cash buying power of your margin account

Available amount (Buy on Margin) = maximum buying power of your margin account

 

2. How can I use margin to buy funds?

1)  general buying

If the order amount exceeds the cash purchasing power, the system will ask you whether to use margin or not; if the order amount does not exceed the cash purchasing power, it will only use the cash to purchase.

2) RSP/reservation

If the payment method you select is Order on Margin, then on the payment day, if the order amount exceeds the cash purchasing power, the system will automatically use margin to purchase; if the order amount does not exceed the cash purchasing power, it will only use the cash to purchase.

 

3. How to calculate the interest for buying funds on margin?

1) interest rate

The interest rate for buying funds on margin is the same as those for buying stocks on margin. And the interest will be calculated based on the amount owed on the account after settlement. For more information, please visit here.

2) settlement

The fund of buying funds will be settled on T+2 (T is the corresponding securities trading day).

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