BrokAIr Reviews

Futu Review

"Futu has revolutionized the online brokerage industry by offering advanced features at a fraction of the cost of traditional brokerages. But is the quality of their services up to par?"

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Futu: An Overview

Futu is an online broker founded in 2018 by CEO Leaf Hua Li and co-founder/CTO Calvin Hui. Headquartered in Hong Kong, Futu provides online brokerage services to customers in multiple countries including the United States, Hong Kong, Singapore, and Malaysia. The company is known for its low commission fees, easy-to-use trading platform, and excellent customer service.

Pros

Futu has many advantages that make it a popular choice among online brokers. These include:

Cons

Despite its many advantages, there are some drawbacks to using Futu as an online broker. These include:

Public Opinion

Most reviews of Futu are positive. Customers appreciate the company's low fees, user-friendly platform, and excellent customer service. However, some customers have expressed frustration with the limited number of countries supported and lack of advanced tools for experienced traders.

Newsworthy Events

Futu has had several newsworthy events since its founding in 2018. In October 2020, Futu filed for a US initial public offering (IPO). In November 2020, the company announced that it had raised $90 million in its Series D funding round. In December 2020, the company announced that it had acquired 8 Securities Ltd., a Hong Kong-based digital wealth management platform. In January 2021, the company announced that it had completed its acquisition of 8 Securities Ltd. and would be launching a new brokerage service in Singapore.