Victory Securities Forex Broker

Victory Securities Review SummaryFounded1971Registered Country/RegionHong KongRegulationSFCServicesWealth Management, Capital Market, Virtual Asset, Asset Management, Insurance, Brokerage Services, and Employee Stock Ownership Plan (ESOP)Trading PlatformVictoryX, VictorySecurities (Stock), VIC TOKEN, and Securities Trading (Desktop)Customer SupportPhone: +852 2523 1709, +86 147 1501 7408, +852 5498 9438Fax: +852 2810 7616Email: cs@victorysec.com.hkAddress: 11/F, Yardley Commercial Building, 3 Connaught Road West, Sheung Wan, Hong KongContact form, social media Founded in 1971, Victory Securities is a licensed broker regulated by SFC in Hong Kong. It offers a variety of services like Wealth Management, Capital Market, Virtual Asset, Asset Management, Insurance, Brokerage Services, and Employee Stock Ownership Plan (ESOP) via multiple trading platforms such as VictoryX, VictorySecurities (Stock), VIC TOKEN, and Securities Trading (Desktop).Pros and ConsProsConsRegulated by SFCComplex fee structureDiverse contact channelsNo live chat supportA wide range of servicesDiverse account typesMultiple platformsIs Victory Securities Legit?Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberThe Securities and Futures Commission (SFC)Victory Securities Company LimitedDealing in futures contractsABN091Services Victory Securities provides traditional financial services such as Wealth Management, Capital Market, Virtual Asset, Asset Management, Insurance, Brokerage Services, and Employee Stock Ownership Plan (ESOP).Account Type Victory Securities provides three account types for users. 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. Victory Securities provides two ways to open an account online using the “VictoryX” mobile app and open an account by mail.FeesTrading 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.ProductCommissionMinimum ChargeHong Kong Stocks0.25% (negotiable)HKD 100China (Shanghai/Shenzhen Connect)0.25%RMB 100Japan Stocks0.30% (online), 0.40% (telephone)JPY 3,500Singapore Stocks0.25%USD 40Taiwan Stocks0.30%NT$600Australia Stocks0.35%AUD 50South Korea Stocks0.30%KRW 20,000US Stocks0.25%USD 15Non-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.Fee CategoryAmountTransaction Levy0.0027% of transaction amountTrading Fee0.00565% of transaction amountStamp Duty0.1% of transaction amount (rounded up)CCASS Stock Settlement Fee0.005% of transaction amount (minimum HKD 6)AFRC Transaction Levy0.00015% of transaction amount For more information, please refer to the following website: https://www.victorysec.com.hk/en/help/feeTrading PlatformTrading PlatformSuitable forVictoryXIndividual investors seeking a comprehensive and user-friendly trading platform with advanced features.Victory Securities (Stock)Individual investors are primarily interested in trading stocks.VIC TOKENInvestors interested in trading cryptocurrencies.Securities Trading (Desktop)Individual investors who prefer a desktop-based trading platform.Deposit and WithdrawalDepositDeposit OptionMinDepositFeeProcessing TimeBank Transfer (online and offline)//The cut-off time on working days is 4:45 pm. Transfer certificate submitted after this time will be processed on the second working day.WithdrawalWithdrawal OptionMinWithdrawalFeeProcessing TimeBank Transfer (online and offline)$0Daily first withdrawal is free of charge, and subsequent withdrawals HKD$500 each.Applications submitted before 12:00 noon will be processed on the same day.Applications submitted after 12:00 noon will be arranged for processing on the next working day.Telegraphic Transfer/Interbank Transfer$0HKD/RMB: Daily first withdrawal $/RMB$300, and subsequent withdrawals $/RMB$800 each;Applications submitted before 12:00 noon will be processed on the same day.USD: Daily first withdrawal US$25, and subsequent withdrawals US$100 each.Applications submitted after 12:00 noon will be arranged for processing on the next working day.