okay...i just checked my passport actually ady expired lolz....but until now no one contact me about account restriction...seriously no plan to renew passport at this particular time haizzz

Futu 2Q results: https://ir.futuholdings.com/static-files/a3...3c-cab17af633ab

Alamak.. got a letter in my postbox that after review cimb will close my SG account.. by the time I received the letter already past the one month notice and account closed... Anyone else kena?

wow...got state reason?

First time heard it

Not for Futu SG, but your HK friends can stand a chance to win Audis and iPhones.

https://www.mpfinance.com/fin/instantf2.php...&issue=20210902

tiger broker does not hv this issue as they can use malaysia IC.

can share more why close ur SG account ?

They didn't say.

What happen to your money inside? Or you have zero balance?

Give them a call on Monday. Use idd codes for chepae rates. I use iDD maxis only cost like RM0.12/minute.

Write a cheque post to you via mail. I know a few others that also had their account closed at the same time. No reason provided. Have been meaning to call but my working hours are crazy busy.

just for info. in order to get free apple, need to also do 5 trades on top of deposit 2.7KSGD

I juz open using my ic as my passport expired.

My only thing confuse is the platform fee.as someone in this thread earlier claim kena 70sgd?

Can any sifu layout a tldr version.

Like if buy 1 x Facebook share. What is the total fees to be paid.

If it is too expensive then might just claim the free 1 apple share then cabut.

Your account approved? Previously forummers say IC rejected, must use passport.
If yours approved using your IC means they changed.

Select passport, when ask for photo juz use ic.


This 5 trade.. I can't buy us stock unless I convert my sgd to usd right?

Hmm trade 5 time look tricky as I really don't know the final charge say if I trade ocbc stock... 11.68x100

Seeem like the platform fee or what is real high as mentioned

https://www.mpfinance.com/fin/instantf2.php...&issue=20210914

New player coming to HK online brokerage market. MICT-backed Magpie coming to HK tomorrow, with permanent zero-commission trades, free stocks, free real-time snapshot. They will have their own app, targeting to grab at least 10,000 customers within one year.

During promotional period, new customer need to deposit 10k HKD, complete at least one trade to get 1 "free" Twitter stork worth 470 HKD. First 5000 customers to get an extra Burberry stock worth 200 HKD.

Also, those who complete specified "continuous" awards in global market, including maintaining at least 10k HKD for 60 days in account and trade for an extra 1 time will get an eBAY stock worth 550 HKD, invite 3 friends to open account and you get 2 Aston Martin stock worth 400 HKD, up to a maximum of 6 shares.

https://www.magpiesecurities.com/

This post has been edited by TOS: Sep 14 2021, 10:08 PM

https://www.mpfinance.com/fin/instantf2.php...&issue=20210930



Translate (My own translation, consult a linguistic expert for a professional translation):

The most difficult thing to endure isn't just retail brokerage firms undercutting each other's margin, but the online retail brokers backed by "northern tech/Internet giant", who in the past 5, 6 years use unlimited cash and resources to expand their business, take minimal fees, zero commissions and custodian fees, with widespread advertising and promotion, not counting the cost (of doing these) to grab market share. When they kill their competitors, become the market leader (grab huge market share), then only start to find ways to make money (profit) out of this group of customers. To this day, this sort of "I want everything" business strategy has proven its success. To be fair as this is business, such Chinese-style "First make it big, then make it strong" model isn't wrong, after all its is "the thin will has its meat eaten by the strong", a rule of capitalism. Without enough power, one awaits to be eliminated. Isn't this like the "Squid Game"? If the last opponent has big body size, strong and powerful, even with the same knife, regardless of whether one is chosen to attack or defend, what are the odds (of success)?

One senior who worked in a Chinese-backed brokerage firm, when talk about these "southbound" online brokerage, furiously says that the country (China in this case) should exercise the antitrust laws to teach these nouveau riche a lesson. He even predicted that as mainland China tightens its supervision and regulation of tech companies, their doomsday are near. Didn't I say I don't want to politicize everything? Don't forget when one wants to embrace the nation (China) and embrace the opportunities in the Greater Bay Area, one shall definitely face challenges from the Greater Bay Area. The future of brokerage firms? Either they manage to find revenue pillars from other sources from brokerage business like i-Access*, or they are about to face a "Squid Game" with great disparity in strengths among the players.

(*i-Access is one of the first HK online retail brokerage and popular among young Hongkongers decades ago. https://www.i-access.com/)

This post has been edited by TOS: Sep 30 2021, 08:12 PM

https://finance.mingpao.com/fin/instantf/20...%89%8b%e6%a9%9f

Now Futu HK gives "free" iPhone, not just AAPL stock

All you need to do is transfer in from another broker.

This post has been edited by TOS: Oct 4 2021, 10:19 PM

https://finance.mingpao.com/fin/instantf/20...%94%b3%e8%ab%8b

Futu set to file for IPO on HKEX this week or next week, targeting 1 billion USD in fund raising. Goldman Sachs and UBS to be underwriter/responsible for IPO.