What Account Types and Fees Does Victory Securities Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Personal Account |
Individual investors residing in Hong Kong or Mainland China |
Access to a variety of trading options and tools |
Ideal for retail traders looking to invest in various markets |
| Company Account |
Corporate entities, both Hong Kong and overseas companies |
Customizable services tailored for business needs |
Requires corporate documentation and verification |
| Virtual Asset (VA) Account |
Individual or corporate professional investors |
Access to cryptocurrency trading and related services |
Must hold a Personal or Company Account to qualify |
Account Opening Process
To open an account with Victory Securities, follow these steps:
1. Submit personal information, including name, contact details, and nationality.
2. Provide employment information, detailing your occupation and employer.
3. Share financial information, including your income and trading experience.
4. Complete identity verification by submitting a government-issued ID and proof of address (e.g., utility bill).
5. Enjoy flexibility as you can upgrade to a professional account later if eligible.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive rates for popular currencies |
| CFDs (Stocks) |
Variable |
0.25% – 0.45% of transaction amount |
Minimum fee may vary by region |
| CFDs (Indices) |
1.5 |
$0 (ECN: $2/lot) |
Access to major global indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility |
Other Fees
Additional fees associated with Victory Securities include:
– Deposit/Withdrawal Fees: Daily first withdrawal USD 25, subsequent withdrawals USD 100 each.
– Inactivity Fees: Fees may apply after a certain period of inactivity.
– Platform Usage Fees: No specific fees indicated, but check for service fees.
– Overnight Interest (Swap Rates): Applicable for overnight positions.
– Currency Conversion Fees: May apply when trading in different currencies.
