Currency Exchange FAQ: How do I buy US/HK/CN shares with SGD (or your home currency if you are in other countries)?

Also known as: Why is there a prompt that buying power is insufficient and I will be buying on margin when I have cash in my account? / How do I purchase SGX listed stocks denominated in foreign currencies?

*** Max Qty to Buy (Cash) does not show the amount of funds you have but the max number of shares that can be purchased with your cash at the price input in the order form.

For example, if you have $2000 cash and the stock price is $2, you can only buy slightly fewer than 1000 shares after factoring in commission/platform/GST/regulatory fees and the fact that the lot size is a multiple of 100 for SGX-listed stocks.

1)For those who only have 1 Futu Universal Account (eg moomoo Singapore users)

You must have the local currency for the stock you wish to buy before placing a Buy order or you will be using margin. For example, to buy shares in the US stock exchanges, you need USD. To buy shares in the SGX, you need SGD. Click here for information about margin trading Margin Trading-moomoo Help Center

If you have funds in a different currency in your Universal Account, you can go to Accounts > More> Currency Exchange to convert it to the required currency. There is no additional fee apart from the quoted exchange rate.

Currency Exchange FAQ: How do I buy US/HK/CN shares with SGD (or your home currency if you are in other countries)?

2) For those of you who have US Margin Account and HK Margin Accounts (eg moomoo US users)

You must have the local currency for the stock you wish to buy before placing a Buy order or you will be using margin. For example, to buy shares in the HK stock exchanges, you need HKD. Click here for information about margin trading Margin Trading-moomoo Help Center

If you have funds in a different currency in your US Margin Account, you can go to Accounts > More/All Functions > Currency Exchange to convert it to the required currency. There is no additional fee apart from the quoted exchange rate. Make sure you select the correct destination account to hold the converted currency (i.e. HK Margin Account for HKD). If you selected the wrong destination account (HKD is in your US Margin Account), you can go to Accounts > More/All Functions > Cash Transfer to transfer the HKD from your US Margin Account to HK Margin Account.

For more information on currency exchange, see Currency exchange FAQ-moomoo Help Center

For information on how to place a buy/sell order, see FAQ: How to place a Buy or Sell Order?

How to Contact Customer Service: https://www.moomoo.com/community/feed/106193669259270?lang_code=2

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