Victory Securities Information
Victory Securities, a licensed broker regulated in Hong Kong since 1971, offers a variety of investment products including stocks, futures, and even crypto. While it has user-friendly platforms and supports multiple languages, the fees is complex and there's no live chat support.
Pros and Cons
Is Victory Securities Legit?
Victory Securities is regulated by SFC with license number ABN091.
What Can I Trade on Victory Securities?
Victory Securities provides traditional financial services such as stocks, futures, insurance and asset management, and supports cryptocurrency trading.
Account Type
Victory Securities provides two account types for users to choose from.Personal Account is suitable for individual investors residing in Hong Kong or Mainland China. Company Account is designed for corporate entities, both Hong Kong and overseas companies. Virtual Asset (VA) Account is available to individual or corporate professional investors who have already opened a personal or company account. The documents required for each account opening are also different.
Victory Securities provides two ways to open an account online using the “VictoryX” mobile app and open an account by mail. Customers can choose the appropriate account opening method according to their own situation.
Victory Securities Fees
Trading Fees
The specific amount of commission of Victory Securities depends on the market, product and transaction type. For example, the commission for stock trading is usually 0.25% to 0.45% of the transaction amount, and the minimum fee varies from region to region.
Non-Trading Fees
There are additional fees associated with their services. These fees cover various aspects of account management, corporate actions, and specific transaction types. Some common examples include Transaction levies and taxes, clearing fees, custody fees and other service fees.
For more information, please refer to the following website: https://www.victorysec.com.hk/en/help/fee
Trading Platform
Deposit and Withdrawal
Deposit Options
Withdrawal Options
Customer Service
Victory Securities offers a variety of contact options for customer service, including phone numbers for different departments, email addresses specific to different inquiries, and a physical address in Hong Kong. They don't currently offer online chat or social media support. Customers can reach them in Simplified Chinese, Traditional Chinese, or English.
The Bottom Line
Victory Securities have a long history of operation and provides a variety of trading products. Their user-friendly platforms with Chinese and English support are a big plus. However, their fee structure can be complex and they lack live chat support. Victory Securities may be a suitable option for investors comfortable researching fees and who don't need the real-time assistance of live chat.
FAQs
Is Victory Securities a safe broker to use?
Yes, Victory Securities is regulated by the Securities and Futures Commission (SFC) in Hong Kong, which assures that the broker follows tight financial regulations and investor protection standards.
Is Victory Securities good for beginners?
No, their fee structure can be complex and they lack live chat support, which is not a good choice for beginners.
What trading platforms does Victory Securities offer?
Victory Securities offers several user-friendly trading platforms, including VictoryX mobile app, Victory Securities (Stock) for desktop, and VIC TOKEN for crypto trading.
