Account and Funding Information FAQs
How could I open a Power Overseas Futures account?
Please contact your broker, Taifook customer services representatives or staff at branches at 852 3583 3388 or cs@taifook.com.
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Who is the target user of Taifook Power Overseas Futures TWS?
Taifook Power Overseas Futures TWS is a separate e-trading platform established especially to the overseas futures traders with more than 3 years investment experience who understand the general practices and risks of trading futures products in overseas markets.
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What is the currency being used in Taifook Power Overseas Futures?
US Dollars will be used as primary settlement currency in Taifook Power Overseas Futures TWS accounts. If customers trade futures products in currencies other than US Dollars, the profit/loss portion will be deposited to the accounts in currencies used in those contracts respectively. Customers need to make instruction to exchange the other currencies into US Dollars for Taifook Power Overseas Futures TWS account settlement, payment and operation.
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How can I activate my Taifook Power Overseas Futures account and password?
The minimum deposit amount for opening a Taifook Power Overseas Futures TWS account is USD8,000. 5 working days upon the reception of account application forms and identification documents are needed to complete the account opening process. E-mails will be sent to the account openers with the inclusion of the account numbers and passwords. Account openers will then be contacted by person for the notification of "token". Account openers can use the passwords and tokens given to activate Power Overseas Futures TWS system. Customers can start trading 24 hours after the account activation.
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When can I start trading after depositing necessary fund into my Power Overseas Futures Accounts?
Each deposit and withdrawal request of Taifook Power Overseas Futures account is process through remittance between the banks in HK and USA, not by internal fund transfer. Customers are advised to make their requests between 9:30am to 2:00pm from Monday to Friday in order to ensure on time delivery.
For fund deposit: Customers have to deposit the fund to Taifook Power Overseas Futures accounts during the time as mentioned above. Customers shall notify us by sending the deposit slips by fax or e-mail upon the completion of such deposit. The fund will be available in the next working day.
For Fund withdrawal: Customers have to make the withdrawal request to their brokers or account managers during the time as mentioned above. Taifook will fulfill this request in the next working day by depositing the cheques into the bank accounts as specified by the customers.
*More time may actually be needed to proceed the remittance as there are time differences to manage fund transfers between the banks in HK and the banks in USA.
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How is the interest being calculated for margin trading?
Different futures contracts have different margin requirements. Taifook Power Overseas Futures TWS users shall go to get the updated margin requirements as well as the calculation methods.
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Is there any monthly minimum account balance to be maintained and number of trade to be conduct for Taifook Power Overseas Futures TWS users?
Customers shall maintain a minimum monthly cash balance of USD 2,000 in the account. Besides, customers shall complete at least one trade per month. Taifook will terminate the Power Overseas Futures TWS account should the customers fail to comply the aforementioned requirements.
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Can I transfer money between different Taifook accounts?
Taifook Power Overseas Futures accounts shall be operated separately to other accounts of Taifook Futures Company Limited. The fund deposited into Taifook Power Overseas Futures accounts could not be automatically transferred nor integrated to other Taifook Power Overseas Futures accounts.
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Is the margin requirement for Taifook Power Overseas Account the same as the other Taifook futures accounts?
In addition to the existing requirements for Taifook futures account, ie, margin requirements are different for different futures contracts, Taifook Power Overseas Futures TWS account holders can use the Intraday Margina and Overnight Margin to calculate the initial position and the margin level to be maintained for further trading. Customers are advised to go to for details.
Taifook Power Overseas Futures TWS does not offer the margin call services. Customers need to monitor their own margin level or the contract will be settled mandatory when the margin position reaches certain level. Customers have to consider the fund transfer issue in order to avoid delay in fund transferring to Taifook Power Overseas Futures TWS accounts. Customers are advised to deposit certain amount of spare fund in the account to avoid short position of margin level by setting limit order condition in advance.
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