How to open an account faster on Futu? How to open an account and deposit money on Futu?

I remember when I first started investing, like most beginners, I felt a headache about choosing a suitable trading platform. A friend recommended me to try Futu Securities, saying that it was easy to operate and had low transaction fees. So, I decided to give it a try. At the beginning of registration, although it seemed simple, filling out the form, verifying, depositing… every step was a bit confusing for me.

Finally, after some twists and turns, I successfully completed the account opening and deposit, and smoothly entered the investment world. Looking back, I found that as long as you understand the correct process, everything is not complicated. Today, I will share with you how to quickly open an account and deposit funds on Futu, so that you can easily start from scratch.

How to open an account at Futu?

For those who are just starting to invest, choosing a suitable trading platform and successfully opening an account is the first step towards investment. Futu Securities’ online account opening process is very convenient. You don’t need to go to a physical branch in person, you can open an account directly through your mobile phone or computer, which is time-saving and efficient.

Before opening an account, everyone needs to prepare some basic materials. Usually, the following items are necessary:

Firstly, everyone needs to provide their resident ID card, which is necessary. In addition, mobile phone number and email address are also essential, as they will be used to receive verification codes and account notifications. If a friend recommends it, you can also fill in the account opening invitation code, which can also enjoy some discounts or benefits.

Finally, in order to verify identity, everyone also needs to provide a stock certificate, which is necessary.

The specific process of opening an account is very simple. You only need to register through the Futu App or official website, enter basic information, and then start identity verification. After uploading your ID, Futu will perform facial recognition to confirm your identity and ensure the security of the account. Then, upload the address proof document, and Futu will review it. After passing, you can officially activate the account.

It is worth mentioning that the account opening speed of Futu platform is quite fast. Usually, it only takes a few working days to complete the review. After the review is passed, everyone can start the deposit and withdrawal of funds by binding their personal bank account.

After everything is completed, you can easily invest in international markets such as Hong Kong and US stocks on the Futu platform.

How to deposit money on Futu?

Futu provides various convenient deposit methods for everyone, each suitable for different needs. You can choose the most suitable one according to your own situation.

E-DDA (Electronic Direct Debit Authorization) is one of the fast deposit methods provided by Futu.

Through the Futu APP, you only need to set up e-DDA authorization once for the first time, and then complete each deposit with one click. The operation is very simple, just select “Deposit Funds” in the APP, then select e-DDA as the deposit method, and follow the prompts to complete the authorization and fund transfer.

The funds usually arrive very quickly, usually within 5 minutes, which is very suitable for users who urgently need to transfer funds quickly. Moreover, using the e-DDA method to deposit funds will not charge any handling fees, which is simply fast and cost-effective.

For users with bank accounts in Hong Kong, bank-securities transfer is another convenient way to deposit funds.

This method is especially suitable for investors who need to deposit funds frequently. You only need to open the bank-securities transfer function in the bank, then select the “bank-securities transfer” option in the Futu APP, enter the transfer amount, and the funds can be directly transferred from the bank account to the Futu Securities account.

Funds can usually be credited within a few minutes, with a very short waiting time. Like e-DDA, there are no fees for bank-securities transfers, making it very suitable for users who frequently deposit funds.

In addition, FPS (FPS) is also a very convenient electronic payment method, especially suitable for investors who are used to using local Payment Instruments in Hong Kong.

Through FPS, you can choose the deposit method in the Futu APP, and then complete the payment in your own Hong Kong bank APP. The funds will be quickly transferred to the Futu account. The funds usually arrive within a few minutes, and this method does not charge any handling fees.

The advantage of this method is that it supports instant payment, meeting everyone’s need for funds to be credited in a short period of time.

BiyaPay - A more convenient global multi-asset wallet

Besides Futu Securities, there are also some more convenient trading platforms in the market, among which BiyaPay is a noteworthy choice.

One significant advantage of BiyaPay is that it provides full stack deposit and withdrawal services, helping investors quickly and conveniently complete cross-border transfers and asset conversions. This greatly enhances the flexibility of investing in US and Hong Kong stocks. For example, you can recharge digital currency to the platform, quickly exchange it for US dollars or Hong Kong dollars, withdraw funds to your personal bank account, and directly deposit funds into other securities firms such as Futu Securities for investment. BiyaPay supports same-day withdrawals, same-day arrival, and no limit on the amount, which is particularly convenient for digital currency users, facilitating fund flow and asset allocation.

In addition, the BiyaPay platform has also been authorized by the US Securities Supervision Commission to open a US stock investment business. You can directly search for the stock codes of US and Hong Kong stocks on the platform and make purchases, which is very convenient.

Registering for BiyaPay is also very simple. Just download the BiyaPay app and register a new account, then upload your ID card or passport as required, and complete the identity authentication through facial recognition. The whole process is very fast, just enter your email address, receive and enter the verification code, set the password, and you can complete the registration in a few seconds, easily starting your journey of investing in US and Hong Kong stocks.

Through this introduction, have you learned about the relevant process of opening and depositing funds at Futu? In fact, it is not complicated. You can try it yourself. I wish you all a smooth start on your investment journey!