Looking for a compliant brokerage in Hong Kong where you can trade both Hong Kong stocks and directly trade Bitcoin (BTC) and Ethereum (ETH)? You might have heard of Victory Securities, a firm with over 50 years of history, but still have questions about its security, fees, and user experience. Don’t worry, this article provides the most comprehensive review of Victory Securities, covering everything from its company background, core advantages, and fee structure to the latest account opening bonuses. We’ll address all your concerns and help you decide if it’s the right investment platform for you.
Key Highlights at a Glance:
Victory Securities is not a new face in the market. Founded in 1971, it is one of Hong Kong’s oldest comprehensive, fully-licensed securities firms. This means it has weathered multiple market cycles of bulls and bears and remains standing, which is a testament to its strength. More importantly, its parent company, Victory Securities (Holdings) Limited, was listed on the GEM of the Hong Kong Stock Exchange in 2018 under the stock code 8540.HK. As a publicly listed company, its financial status and operations must be transparent and are subject to strict public and regulatory scrutiny, providing an extra layer of confidence for investors.
In the investment world, especially when dealing with emerging virtual assets, compliance is a non-negotiable lifeline. Victory Securities is a licensed corporation (Central Entity No. ADF342) under the Hong Kong Securities and Futures Commission (SFC), holding licenses for Type 1, 2, 4, and 9 regulated activities.
Notably, Victory Securities is at the forefront of the virtual asset space. It was one of the first to receive SFC approval to offer virtual asset trading and advisory services to retail investors. This means every cryptocurrency transaction you make on Victory Securities is under the protection of Hong Kong’s top financial regulator, offering a level of security that is worlds apart from many offshore or ambiguously regulated crypto exchanges. Investors can refer to the SFC’s list of licensed virtual asset trading platforms to confirm a platform’s compliance status.
Among numerous brokerages, Victory Securities has successfully built a bridge between traditional finance and the emerging world of virtual assets with its forward-thinking strategy.
For many modern investors, asset allocation is no longer limited to traditional stocks and bonds. Cryptocurrency has become an indispensable part. However, this used to mean frequently switching between a traditional brokerage app and a crypto exchange app, with cumbersome fund transfers.
The “Victory Trade” app by Victory Securities completely solves this pain point. It achieves true “stock and crypto integration,” allowing you to:
This seamless integration significantly enhances investment efficiency and convenience, making it the company’s most compelling core competency.
As mentioned earlier, compliance is the biggest advantage of trading virtual assets with Victory Securities. Currently, the platform primarily supports Bitcoin (BTC) and Ethereum (ETH), which have the largest market caps and best liquidity. While the selection of coins is not as extensive as dedicated crypto exchanges, it is sufficient for most mainstream investors. When you trade these virtual assets on Victory Securities, you get not just price exposure but also the peace of mind that comes with SFC regulation. For investors new to cryptocurrency, we recommend reading our Complete Beginner’s Guide to Crypto Investing to build a more comprehensive understanding.
Fund security is the top concern for all investors. Victory Securities employs multiple safeguards in this area:
Together, these measures create a relatively secure trading environment, allowing investors to focus more on their investment decisions.
Trading costs are a key factor affecting investment returns. Below is a detailed breakdown of the various fees for trading Hong Kong stocks and virtual assets on Victory Securities.
The fee structure for Hong Kong stock trading at Victory Securities is similar to that of other mainstream Hong Kong brokerages, mainly consisting of a trading commission and a platform fee.
| Item | Fee Details | Remarks |
|---|---|---|
| Trading Commission | Online Trading: 0.08% | Minimum charge HK$88 |
| Platform Fee | HK$15 per order | Charged per executed order |
| Third-Party Charges | Stamp duty, transaction levy, etc. | Collected by the Hong Kong government and regulatory bodies |
*The fees above are for reference only. Please refer to the official Victory Securities website for the latest fee schedule.
For virtual asset trading, Victory Securities’ fees are relatively straightforward but may be higher compared to pure crypto exchanges. This is the “premium” paid for its compliance, security, and convenience.
| Item | Online Trading Fee | Offline (Manual) Trading Fee |
|---|---|---|
| BTC, ETH | 0.5% | 0.8% |
Expert Tip: This fee rate may not be the most cost-effective for high-volume or frequent traders. However, for investors who prioritize security and compliance and want to manage all their assets on a single platform, it is a reasonable cost.
Victory Securities supports multiple deposit and withdrawal methods, including:
Withdrawals to local Hong Kong bank accounts are typically free, but processing times and specific rules should be checked on the official website.
The online account opening process at Victory Securities is quite convenient and can be completed in as little as 15 minutes.
Before you begin, please prepare the following documents:
Applicants must be at least 18 years old and meet the relevant customer due diligence requirements.
After submitting your application, it typically takes 1-3 business days for review. You will receive an email and SMS notification upon successful account opening.
To attract new clients, Victory Securities often launches very attractive account opening offers. For example, during a promotional period, you might receive a Bitcoin (BTC) reward for successfully opening an account and depositing a specified amount of funds!
How to claim?
These offers are a great opportunity to reduce your initial investment costs, so don’t miss out.
After a comprehensive review, we can draw a clear profile of Victory Securities. Let’s start with a quick recap of its pros and cons.
| Pros |
|---|
| Extremely High Compliance and Security: Strictly regulated by the SFC, publicly listed background, and comprehensive asset protection. |
| Convenience of Integrated Trading: Seamlessly manage Hong Kong stocks and mainstream cryptocurrencies within a single app for a unique experience. |
| Long-Established and Reputable: Over 50 years of operational history inspires trust. |
| Cons |
| Relatively High Trading Costs: Its commissions and fees for both stocks and virtual assets are not the most competitive on the market. |
| Limited Variety of Virtual Assets: Currently only supports a few major coins like BTC and ETH, making it unsuitable for investors looking for a wide range of altcoins. |
Overall Assessment：
Victory Securities is best suited for investors who highly prioritize asset security and compliance and wish to invest in both traditional financial products and mainstream virtual assets on a single platform. If you fall into one of the following categories, Victory Securities would be an ideal choice for you:
Conversely, if you are a day trader who is extremely sensitive to trading costs, or a seasoned crypto enthusiast keen on discovering various emerging altcoins, there may be other platforms on the market that are better suited for you.
In conclusion, the evaluation of Victory Securities is positive. It has found an excellent balance between compliance and innovation. The value it offers goes far beyond trading itself, providing a sense of security and convenience in a market full of uncertainty.
Absolutely legal and compliant. Victory Securities is one of the first licensed brokerages approved by the Hong Kong Securities and Futures Commission (SFC) to offer virtual asset trading services to retail investors. All trading activities are strictly regulated by the SFC, ensuring legality and investor protection.
The “Victory Trade” app features a modern and intuitive design. Its core advantage is the integration of stock and virtual asset trading in a single, clear, and easy-to-use interface. Users accustomed to traditional brokerage apps will find it very easy to get started. However, compared to some apps from specialized crypto exchanges, its charting functions and trading tools may be relatively basic.
The security of client assets is protected by a dual-layer system. First, clients’ funds and securities (including virtual assets) are held in segregated custody accounts, completely separate from the company’s assets, and would not be affected by the company’s bankruptcy. Second, for the securities portion, eligible clients are also protected by the Investor Compensation Fund (ICC), with a maximum compensation of up to HK$500,000.
Frankly, Victory Securities’ fees (especially the commission on Hong Kong stocks and fees for virtual assets) are on the higher side compared to zero-commission online brokerages or major crypto exchanges. This is mainly due to its business model, compliance costs, and the value of the integrated “stock and crypto” services it provides. Choosing Victory Securities is more like paying for top-tier security, compliance, and convenience.
