What is currency exchange?
Currency exchange refers to the mutual conversion between multiple currencies in a securities account, in order to facilitate the conversion of funds between Hong Kong stocks and U.S. stocks.
How to exchange currency?
Step 1. Click on "Portfolio" > Tap "Exchange"
Step 2. Select the currency you'd like to exchange to and from
Step 3. Enter the amount you'd like to exchange
Step 4. Tap "Submit"
How do you calculate the exchangeable amount?
When exchanging currency, the system will automatically calculate the current exchangeable amount. Factors that affect the calculation include status of deposit and withdrawal, stock purchase and sale, transaction fees, settlement etc. Please note the available amount for currency exchange can only be processed after settlement is processed. 10,000 Hong Kong dollar shares, but the funds need to wait until the T+2 (that is, the next two working days) exchange settlement is completed before currency exchange.”
What does it cost to exchange currency?
There is no service fee for currency exchanges.
How is the currency exchange rate calculated?
Since currency exchange rates change in real time, currency exchanges are subject to the exchange rate at the time of actual conversion.
When will the money available and withdrawable after exchange?
The money can be used for trading immediately after the exchange, exchanged reversely and withdraw in two business days (T+2) after the exchange.
The above timelines shall be subject to postponement in case of holidays.
Maximum exchangeable amount
HKD to USD: 1 million HKD per day,
USD to HKD: 150,000 USD per day.
If you intend to exchange more than the maximum exchangeable amount, please contact customer service.