Cash settlement, doesn’t involve any mortgage lending. The clients must have sufficient funds for trading and settlement in future transactions.
It is also a kind of Cash account. The purpose of setting up this kind of account is for the clients who are trading frequently. There is no need to make settlement on T+2 days for every single trade, it will settle with the account balance and keep the balance rolling to next trading day.
It allows customer to purchase securities with margin financing. The loan in the account is collateralized by the securities and cash. If the value of the stock drops sufficiently, the account holder will be required to deposit more cash or sell a portion of the stock. Customer is not allowed to open margin account without cash account or custodian account in our company.
*Note: According to margin client agreement, we have the right to mortgage or otherwise dispose of the shares in its margin account.
*Note: If you would like change your corresponding address, please provide the address proof within latest 3 months as well.
Clients with registered email will activate the E-statement service automatically. When the electronic statements are available to be downloaded by clients, you will receive a notification email. Please click here to login in your account to check your E-statement.
Please note daily combined statements are available to be downloaded within 3 months after its initial issuance date and monthly statements are available to be downloaded with 2 years after its month of issuance.
You can download the statement, in additional statement fee will be charged if the clients with E-statement service require hardcopy of the daily and monthly statements.
Yes, you can choose to receive the hardcopy of daily and monthly statement by mail.
Staring from 1st Jan 2019, we will charge administration fee of HK$20/month for daily and monthly statement by mail. The relevant fee will be automatic deduction from the account on the last working day of the relevant month and not refundable.
*Note: the statement fee will be waived for clients who is over 60 years old.
FATCA is a US-made tax law that went into effect in 2014.
FATCA is designed to prevent US taxpayers from using offshore financial accounts to avoid complying with US tax obligations. Victory Securities Limited Company is legally responsible for identifying its clients and reporting their information to the IRS.
In support of the principle of reciprocity, governments around the world are introducing new data collection and reporting requirements for financial institutions, known as CRS. If it is assessed that you are obligated to pay taxes in Hong Kong, Victory Securities, as a licensed financial institution, is responsible for reporting your account information to the Hong Kong Inland Revenue Department.
***These data will be transmitted to tax authorities in other countries or regions.
No. The "Common Reporting Standard" standard has been incorporated into Hong Kong's Inland Revenue Ordinance.
Victory Securities has the legal responsibility to set up and use appropriate programs to collect the specified data, and then send it to the Hong Kong Inland Revenue Department. Don't worry if you have already declared all tax liabilities.
The Inland Revenue (Amendment) (No. 3) Ordinance 2016 (the "Amendment Ordinance") establishes the legal framework for Hong Kong to implement the new international standard for the automatic exchange of financial account data ("AEOI").
The first automatic data exchange will take place in 2018. For details, please refer to the website of the Hong Kong Inland Revenue Department: click here to browse
The result of the customer's risk tolerance evaluation is comprehensively determined by the scores of the two parts of investment ability and investment willingness.
Victory Securities will classify investors' risk tolerance from low to high into three types: high, medium, and low based on the assessment results of investors' risk tolerance.
To open an account online please click the below linkClick Here
Please confirm that the bank card is in your name, the bank card number and the bank name are entered correctly, and the card should be a debit card.
The ID card used in account opening must be the same as the ID card used on the previous page;
You can switch the debit card of other banks for verification. Debit cards of Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, China Construction Bank, China Merchants Bank, China Citic Bank, and other large banks are recommended.
You can delete the uploaded photos and upload again;
If the recognition error persists, you can call our customer service hotline (852) 2525 2437 or (86) 147 1501 7408 to contact customer service.
Once the application is submitted, we will conduct a compliance review, which usually takes 1-2 working days. After the approval is completed, the customer will receive an email account activation notification from Victory Securities. Please fill in the correct email address and mobile phone number.
Submit data for review first → Transfer HK$10,000 after receiving the approval completion email - to activate the account → Reply to the email with the transfer receipt → Receive the account number and password
According to the guidelines of the SFC (Securities and Futures Commission), who opens an account through online program must complete the following transfer procedures as required to formally complete the stock account opening procedure:
After we accept your account opening application, you have also activated the online transaction service and view the electronic statement function. We will email the account opening information and login password to your registered email within 1-2 working days. Please use your account number and password to log in to the trading system or check the online statement.
Note: Please note that the English letters in the account number are not case sensitive, and the password must be a combination of 8 Roman numerals. In order to protect your account security, please do not disclose the online trading platform to a third-party password.
Trading is conducted on Monday to Friday (excluding public holidays) at the following times:
【Continuous Trading Session】9:30-12:00 and 13:00-16:00
【Closing Auction Session】16:00-16:08
Due to different time periods, order types and limits are different. For detailed pre-opening mechanism, please visit HKEX Website
Except for public holidays and market closures due to inclement weather, the U.S. stock market generally trades from Monday to Friday, and the trading hours are as follows:
The continuous trading hours of US stocks are US Eastern Time (ET): Monday to Friday 9:30-16:00
US Summer Time (March to November): Hong Kong time 21:30-4:00
US Winter Time (November to March of the following year): Hong Kong Time 22:30-5:00
U.S. stocks are allowed to conduct pre- and post-market trading outside the continuous trading hours, and pre- and post-market orders will be submitted to the exchange for order matching.
Nasdaq has a special pre-market and after-market trading hours, and each brokerage has different requirements for the time period of pre-market and after-market transations. Victory Securities Trading Platform stipulates:
The market is closed on Saturdays, Sundays and public holidays.
Due to different time periods, order types and restrictions are different, it is recommended to contact the account manager for details
In order to fully protect the interests of clients, clients and authorized persons are required to fill in relevant authorization documents. Clients can download the "Authorization Letter-Appointment of Authorized Person" and provide the authorizer's ID card and a copy of the address proof within 3 months, and sign it under the witness of the company's licensee. After the application is approved, your authorized relatives and friends can issue transaction instructions on your behalf.
If you choose to authorize your account manager to execute orders on your behalf, your account will be defined as a "discretionary account ", and clients download the "Discretionary Account-Standing Authority" and sign it under the witness of two licensed persons. And only after obtaining the approval of the company’s management, the account manager can issue trading instructions on your behalf.
There are many reasons for this problem. You can see the main reason in the status of the order. Your order may not be accepted under the following circumstances:
If there is not enough credit, cash or purchasing power in your account or you have issued multiple buy orders, but still have not been executed.
These buy orders will be withheld the purchasing power from your account. You may consider canceling these buy orders before issuing a new order again.
Hong Kong market: Including equity securities, debt securities, unit trusts, exchange-traded funds and warrants listed on the Hong Kong Stock Exchange, as well as related derivative investment products such as futures indexes, bonds, and high-yield notes.
Other market: Victory Securities provides U.S. stocks, Shanghai, Shenzhen A, B shares and other local securities markets
(Including: Singapore, the United Kingdom, Europe, Southeast Asia, etc.) agency trading services.
If you are unable to modify or cancel the order via computer or communication equipment, please contact your account manager immediately or call our order hotline (852) 2525 2437, (86) 147 1501 7408 to contact client service, we are happy to help you provide assistance.
*there will be no additional charge for this service.
2FA (2-way factor authentication) refers to verifying the identity of a user through two factors of private information, personal belongings and physiological characteristics. It is an effective authentication mechanism to prevent hacker attacks.
The SFC issued on October 27, 2017, the "Guidelines for Reducing and Mitigating Hacker Intrusion Risks Related to Internet Trading" stated that two-factor authentication should be implemented for the login program of clients' Internet trading accounts, that is, through the information known to clients (such as Login password) and tools (such as mobile phones) owned by the client to verify the identity of the client. Using 2FA is not easy to obtain and crack, which can effectively reduce the risk of hacker intrusion.
Clients must use a two-factor authentication mechanism when logging in to the Victory Online trading account to ensure that their personal information or password will not be stolen. When logging in, clients need to enter another set of two-factor authentication code in addition to their login name and password:
New accounts opened in 2019 have begun to use the "Two-Factor Authentication Security Device - VIC Token" to receive two-factor authentication passwords by default in order to avoid regional and mobile phone restrictions and delays in receiving SMS.
If existing clients want to activate the "Two-Factor Authentication Security Device - VIC Token", please contact our client service department at (852) 2525 2437 or (86) 147 1501 7408 for arrangement.
Android system version: 4.4 or above
iOS version: 9 or above
Set automatic date and time
Fingerprint unlock function system requirements: Android 6.0 or above
Clients can follow the deposit guidelines below to complete the transaction and send the deposit receipt via the 「Victory Securities」 mobile APP or send to WhatsApp (5498 9438) or email to firstname.lastname@example.org for settlement procedures.
*In order to protect the interests of clients, we only accept checks or bank account transfers with the same name from the account holder, and do not accept third-party deposits!
For online users, please use "Victory Securities" Mobile App to upload the deposit certificate.
WhatsApp users please use your registered phone to send the bank deposit certificate to the company's settlement department WhatsApp +852 5498 9438 or send an email to email@example.com for relevant settlement procedures.
* If you submit the deposit certificate by other phone numbers or methods (email, fax, post), please sign a valid seal (namely the signature on the contract) on the deposit certificate before submitting.
We will need to check the account after receiving your transfer certificate. 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.
Clients can also log in to the "E-Statement Inquiry" section of the company's website to view the statement of the day and check the account status.
Clients can choose the settlement method when opening an account. Victory Securities provides two settlement methods
Starting from February 16, 2021, clients who open a stock trading account via non-face-to-face via mobile phones, if they apply for a withdrawal (withdrawal) of HK$30,000 or less, each transaction must be paid the handling fee is HKD50.
The following is the company's cut-off time. If clients have special withdrawal arrangements, please make fund withdrawal notice as soon as possible.
Clients need to notify their account manager or submit the "Fund Withdrawal" instruction through the online trading platform before 12:00 noon on the same day. The instruction will be processed on the same day, and the client will use the money on the next working day.
CHATS/ Overseas TT remittance
CHATS/ Overseas TT remittance is subject to a fee of HK$300 per transfer.
If clients need to make special withdrawals to other bank accounts other than those already registered, clients can download and fill in the "Withdrawal Instructions" application form on the company's website.
Cash cheque withdrawal
If the clients request to withdraw the balance in the account by cash check under certain circumstances, the maximum withdrawal limit is HKD 50,000, and the clients must bring the relevant documents to the company in person.
If clients need to withdraw funds to an unregistered Hong Kong bank account, clients can download and fill in the "Withdrawal Instructions" application form on the company website or fill in the "Change of Account Information Form" to update your personal information to add new bank information.
If the clients do not have a Hong Kong bank account, the clients can download it from the company website and fill in the "Withdrawal Instructions" application form and return it to the company. Withdrawal instructions will be processed as soon as possible according to client requirements.
The clients need to bring their physical stocks to our bank and sign on the transferor column on the back of the stocks or on the transfer paper.
When depositing stocks, clients must pay HK$5.00 physical stock transfer printing fee for each transfer letter.
Please note that the name on the stock certificate must be the same as that of your account. Any stock certificates deposited after 12:00 pm are processed in the next trading day only.
Note: Stocks can only be sold after the CCASS has finished the transfer. It normally takes around 10 working days.
The clients can fill and sign the Physical Share Withdrawal Notification and Return the form to our company. When the seal is verified, you can do it on your behalf. When the physical stock is ready. Our staff will notify clients to collect the stock via phone/email. Clients should collect the physical share personally.
If the client authorizes a third party to pick up the physical share, the original authorization letter and the ID card of the authorized person must be submitted for verification.
It takes about 3 working days from the application to the actual withdrawal of physical shares, excluding odd lots. The shares withdraw must be paid in cash.
Clients should notify their broker and fill in the transfer document. Follow these steps
The required information when transferring custody is as follows
Company Name: Victory Securities Co., Limited
CCASS participation No.: B01445
Contact Person： Mr. Ko Yuen San
TEL: +852 2523 1200
If the clients need to transfer the physical stock to his own name, he can register at the relevant registrar or go through the company's agent. If the company needs to handle it on behalf of the company, the client needs to pay the relevant handling fee. For the required fee, please refer to the 「Fees」for reference.
指喊價的升降單位。價位的高低隨股票的每股市價的不同而異。以上海證券交易所為例每股市價末滿100元 價位是0.10元，每股市價100-200元 價位是0.20元 每股市價200-300元 價位是0.30元，每股市價300-400元 價位是0.50元 每股市價400元以上 價位是1.00元
融資新股認購金額 X 利息 X 計息日