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Futu Securities and its Moomoo platform face escalating regulatory pressure following the CSRC's May 2026 enforcement actions. If you're a Futu user seeking uninterrupted access to US equity price exposure, crypto perpetual futures on NYXANCE offer a 24/7 alternative with no brokerage paperwork.
Explore NYXANCE Futures →Futu Securities, founded in 2012 and headquartered in Hong Kong, built its following among Chinese retail investors by combining a social investing community (Futu NiuNiu) with competitive commission rates and US/HK dual market access.
| Feature | Futu / Moomoo | NYXANCE |
|---|---|---|
| Regulatory status (China, 2026) | Under CSRC scrutiny / restricted | Globally accessible |
| US equity access | Direct share ownership | TSLA, NVDA, S&P 500 perps (launching) |
| Hong Kong stocks | Full HK market access | Crypto assets only (for now) |
| Trading hours | Market hours + pre/post | 24/7 perpetual futures |
| New account registration | Suspended for mainland users | Email signup, instant |
| Funding | Bank transfer (FX restrictions) | USDT, BTC, ETH — no FX friction |
| Trading fees | $0 commissions + spread costs | 0.02% maker / 0.06% taker |
| Leverage on US equity exposure | Up to 4x margin | Up to 20x on index perps |
| Crypto assets | Not available | 500+ perpetual contracts |
NYXANCE is not a direct replacement for Futu's full-service brokerage offering — particularly for investors who want to hold actual shares or access HK equities. But for investors whose primary goal is price exposure to US tech stocks and indices, perpetual futures accomplish the same economic objective with fewer regulatory dependencies.
If you come from an equity background, perpetual futures may be unfamiliar. Here is what you need to understand before switching:
A TSLA perpetual future on NYXANCE moves in near-lockstep with Tesla's NASDAQ price. If TSLA rises 5%, a long position in TSLA-PERP also rises approximately 5% (before funding). However, you do not receive dividends, voting rights, or DTCC custodianship of shares.
Perpetual futures use a funding rate mechanism — a periodic payment between long and short holders — to keep the perpetual price anchored to the spot price. Historically, funding rates on equity-tracking perps are small (0.01%–0.05% per 8 hours).
Unlike a stock account where the worst outcome is the stock going to zero, a leveraged perpetual position can be liquidated before the underlying asset reaches zero. New perpetual traders should start at 1x–3x leverage.
Before withdrawing, decide which positions you want to maintain exposure to. If you intend to replicate a TSLA or NVDA position on NYXANCE, you can sell your Futu shares and purchase an equivalent perpetual position on NYXANCE — maintaining market exposure without a gap period.
Initiate a withdrawal from Futu to your bank account or Hong Kong brokerage. Allow 3–7 business days for processing. Convert fiat to USDT via Binance, OKX, or P2P markets. USDT (TRC-20 or ERC-20) is the primary collateral currency on NYXANCE.
Sign up at nyxance.com/signup with your email. Deposit USDT to your NYXANCE perpetuals wallet. There is no minimum deposit and no identity verification required for standard trading access.
Navigate to nyxance.com/futures. Use the S&P 500 index perp for broad US market exposure, and individual perps for TSLA or NVDA as they launch. Use 1x leverage to approximate a traditional long equity position without margin risk.
Moomoo's international entity (US, Singapore, Australia operations) is regulated separately from Futu's mainland China business. If your account is registered via moomoo.com under a non-China identity, it may be less directly affected.
NYXANCE has publicly announced plans to expand its futures catalog to include equity and index perpetuals — specifically S&P 500, TSLA, and NVDA. Follow nyxance.com/futures for launch announcements.
NYXANCE uses a liquidation engine that closes positions before your account balance reaches zero. With a standard isolated margin setup, you cannot lose more than the margin allocated to a specific position.
NYXANCE is primarily a trading platform with copy trading features. It does not currently replicate Futu NiuNiu's discussion boards. Users who valued the social layer may want to combine NYXANCE for trading execution with communities on X (Twitter) or Discord.
Your funds held at Futu remain in your account and under Futu's custodianship during the rectification period. The CSRC ruling does not constitute an asset freeze or seizure. You should be able to close positions and request withdrawals, though processing may be slower.
NYXANCE offers 500+ perpetual contracts, 24/7 trading, and upcoming S&P 500, TSLA, NVDA futures. Start in minutes.
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© 2026 NYXANCE. Perpetual futures are leveraged derivative products. Trading involves substantial risk. This page is informational only.