Example below shows you how BOOM's multi-currency account facilitates you in trading securities across markets at ease.

Mr. Wang from China opens an BOOM account for investing Hong Kong and U.S. stocks. He funds his account initially with RMB 1,000,000.

(The exchange rates for the example below: 1 CNY = 1.2 HKD; 1 USD = 7.8 HKD; 1 USD = 7 CNY)

1. Buy Hong Kong stocks even your account holds RMB only; no daily limit for converting RMB

Although Mr. Wang only holds RMB in his BOOM account, our multi-currency account is ready for him to trade in Hong Kong stock market. He then buys Hong Kong stocks that worth HKD 600,000 (worth app. RMB 500,000). 

🌟 Our currencies conversion feature is not subject to the daily limit of RMB 20,000 per day per person.

2. The sale proceeds will be kept in its own settlement currency; multiple currencies can be held simultaneously

The value of Mr. Wang's Hong Kong stocks holdings has increased 5% and he decides to lock the profit. He sells all the Hong Kong stocks holdings and receives HKD 630,000 value of sale proceeds.

🌟 The sale proceeds of Hong Kong stocks will be kept in HKD in the multi-currency account.

Before the Hong Kong market close, Mr. Wang notices that the European markets are performing well. He believes the market sentiment is good for the U.S. market, as such he decides to buy some U.S. stocks at that night.

🌟 Even the trades of Hong Kong stocks are not settled yet, the sale proceeds are already available in the account to buy U.S. stocks.

3.  Any currencies can be used to fund trades in all markets

Mr. Wang decides to invest in an U.S. stock and places an USD 100,000 buy order. Even there is no USD balance in his account and the HKD or RMB balance alone is not enough to convert USD 100,000, Mr. Wang is still able to place that U.S. stock buy order.

🌟 All currencies in the account can be converted into the required settlement currency for a buy order.