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How to trade leveraged foreign exchange

How to trade leveraged forex?

If you’d like to trade leveraged forex, follow the three steps below: 

1. Activate Your Forex Account

To activate a forex account, you must have a US securities account first:

(1) Search for a currency pair symbol, such as “EURUSD” and enter the detailed quotes page; and

(2) Tap the Trade button in the bottom left corner to activate a forex account.

 

2. Fund Your Account 

You can fund your forex account by using either Cash Transfer or Currency Exchange. To withdraw cash from your forex account, you need to use Cash Transfer.

With Cash Transfer, you can transfer funds from your securities account to forex account instantly without any fees.

To do that, go to Accounts > Any Account > Transfers > Cash Transfer > Futu HK Cash Transfer, select a currency, and select your forex account for transfer-in or transfer-out.

With Currency Exchange, you can exchange a currency into USD and simultaneously transfer the cash into your forex account.

To do that, go to Accounts > Any Account > Transfers > Currency Exchange, select USD as the currency to exchange into, and select your leveraged forex account as the account to receive USD.

 

3. Place an order

Search for a currency pair symbol, enter the detailed quotes page, and tap Open or Close to place your order.