6 Best Forex Brokers in Vietnam
Last Update: March 14th, 2024
The 6 Best Forex brokers in Vietnam revealed. We have explored and tested several prominent brokers to identify the 6 best.
In this in-depth guide you’ll learn:
- Who is the Best Suited Broker for Beginner Vietnamese Traders?
- Vietnamese Dong Accounts and how they work.
- Pros and cons of each broker
- Popular FAQs about the best Forex brokers in Vietnam
And lots more…
Let’s dive right in…
🏆 10 Best Forex Brokers
Broker Review Regulators Min Deposit Website 🥇 
Read Review ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA USD 100 Visit Broker >> 🥈 
Read Review FMA, FSA USD 50 Visit Broker >> 🥉 
Read Review FSCA, CySEC, DFSA, FSA, CMA USD 0 Visit Broker >> 4 
Read Review SFSA, FSCA, CySec* USD 5 Visit Broker >> 5 
Read Review FCA, CySEC, FSCA, SCB USD 100 Visit Broker >> 6 
Read Review FCA, FINMA, FSA, ASIC USD 0 Visit Broker >> 7 
Read Review CySEC, FCA, FSA, FSCA, Labuan FSA USD 100 Visit Broker >> 8 
Read Review Not Regulated 0.001 BTC Visit Broker >> 9 
Read Review ASIC, CySEC, FSCA, CMA USD 100 Visit Broker >> 10 
Read Review CySEC,MISA, FSCA USD 20 Visit Broker >>
What is a Forex broker in Vietnam?
Forex brokers in Vietnam offer a range of trading services, catering to diverse investor needs. These brokers facilitate currency trading with various platforms and tools, adhering to Vietnamese regulatory guidelines. They provide access to global markets, educational resources, and customer support in Vietnamese, empowering traders to participate in the foreign exchange market confidently.
6 Best Forex Brokers in Vietnam (2024*)
- ☑️Pepperstone – Best Forex Broker in Vietnam.
- ☑️AvaTrade – Award-Winning Broker in Asia.
- ☑️FXCM – Excellent Offering in Vietnam.
- ☑️XTB – Lowest Costs in VND.
- ☑️Exness – Best Broker in Vietnam.
- ☑️Tickmill – High Vietnamese Trust Score.
6 Best Forex Brokers in Vietnam
| 👥 Brokers | 👉 Open Account | 💰 Minimum Deposit | ⚖️ Regulators | 📈 Minimum Spread |
| 1. Pepperstone | 👉 Open Account | Equivalent to AU$200 | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB | From 0.0 pips |
| 2. AvaTrade | 👉 Open Account | VND 2,463,500 or USD100 | Central Bank of Japan (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA | From 0.0 pips |
| 3. FXCM | 👉 Open Account | 1.2 million VND ($50) | FCA, ASIC, CySEC, FSCA | From 0.0 pips |
| 4. XTB | 👉 Open Account | There is no specific minimum deposit required | FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, IFSC | 0.0 pips |
| 5. Exness | 👉 Open Account | Based on chosen regional deposit method | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA | 0.0 pips EUR/USD |
| 6.Tickmill | 👉 Open Account | VND 123,175 or $5 | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA | From 0.0 pips |
The 6 Best Forex Brokers in Vietnam
Read on to discover our top picks for the 6 best Forex brokers in Vietnam.
Pepperstone
Overview
Pepperstone provides access to a diverse range of markets and instruments, allowing algorithmic traders in Vietnam to implement their strategies across various asset classes, including forex, commodities, indices, and cryptocurrencies.
Pepperstone’s low latency execution and reliable trade execution infrastructure ensure that algorithmic traders can execute their strategies swiftly and efficiently, crucial for capitalizing on short-term trading opportunities in fast-moving markets.
Pepperstone’s commitment to regulatory compliance and client fund security instills trust among algorithmic traders, offering them peace of mind as they engage in automated trading activities.
Overall, Pepperstone’s comprehensive suite of tools, advanced platforms, market access, and reliability make it a highly suitable option for algorithmic traders seeking to operate in Vietnam’s forex market.
Unique Features
| Feature | Information |
| ⚖️ Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
| 💻 Account Types | Standard Account Razor Account Professional Account Demo Account Islamic Account |
| 💵 Minimum Spread | From 0.0 pips |
| 💸 Minimum Deposit | Equivalent to AU$200 |
| 📱 Platforms Supported | MetaTrader 4 MetaTrader 5 cTrader TradingView Myfxbook Duplitrade |
| 📈 Range of Markets | Forex Indices Shares Commodities Cryptocurrencies Futures Options |
| 📊 Demo Account | Yes |
| ✴️ Social Trading Offered | LinkedIn YouTube |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Pepperstone provides traders with competitive spreads, commencing at 0.0 pips, which effectively reduces the expenses associated with conducting transactions. | In comparison to alternative brokers, Pepperstone's account categories may be relatively limited, which could potentially restrict the options available to traders with specific requirements. |
| By ensuring that orders are executed in a timely manner, the broker reduces slippage and improves the overall efficacy of the trading process. | Despite the sophisticated functionalities provided by MetaTrader platforms, traders who favour alternative trading platforms may discover that the scope of those alternatives to be somewhat restricted. |
| Pepperstone affords its clientele a wide array of trading opportunities by providing an extensive selection of financial instruments, such as indices, cryptocurrencies, foreign exchange, and commodities. | Although Pepperstone provides an extensive selection of trading instruments, certain niche assets or markets may be inaccessible to certain traders via this broker. |
| Traders have the privilege of utilizing the MetaTrader 4 and MetaTrader 5 platforms, which are recognized on an international level for their advanced functionalities, customizable user interfaces, and automated trading capabilities. | |
| Pepperstone ensures the protection of client funds and the maintenance of a secure trading environment through strict adherence to regulatory obligations. |
Trust Score
Pepperstone has a high trust score of 92%
AvaTrade
Overview
AvaTrade offers user-friendly trading platforms and interfaces, including the popular MetaTrader 4 platform, which simplifies the trading process and facilitates easy navigation for beginners.
These resources empower novice traders to learn and improve their trading skills effectively.
AvaTrade offers a demo account option, allowing novice traders in Vietnam to practice trading in a risk-free environment using virtual funds, thus gaining valuable experience without risking real money.
AvaTrade’s customer support team is readily available to assist novice traders with any questions or concerns they may have, providing them with guidance and support as they navigate the forex market for the first time.
AvaTrade’s combination of user-friendly platforms, educational resources, demo accounts, and customer support makes it a highly suitable option for novice traders in Vietnam looking to enter the world of forex trading with confidence.
Unique Features
| Feature | Information |
| ⚖️ Regulation | Central Bank of Japan (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA |
| 💻 Account Types | Retail Account, Professional Account |
| 💵 Minimum Spread | From 0.0 pips |
| 💸 Minimum Deposit | VND 2,463,500 or USD100 |
| 📱 Platforms Supported | AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade |
| 📈 Range of Markets | Forex Stocks Commodities Cryptocurrencies Treasuries Bonds Indices Exchange-Traded Funds (ETFs) Options Contracts for Difference (CFDs) Precious Metals |
| 📊 Demo Account | Yes |
| ✴️ Social Trading Offered | Instagram YouTube |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| AvaTrade provides an extensive social trading platform that enables users to establish connections with seasoned traders and follow them, thereby promoting the exchange of knowledge and inspired ideation. | AvaTrade's research tools may appear limited in comparison to those provided by certain alternative brokers, which could restrict the extent of analysis accessible to traders. |
| AvaTrade offers an extensive selection of tradable assets, including cryptocurrencies, equities, commodities, and foreign exchange, thereby providing numerous opportunities for portfolio diversification. | Opening an account with AvaTrade necessitates a comparatively substantial minimum deposit, potentially impeding certain traders, especially those operating with limited capital. |
| The platform is accessible to traders of all skill levels, from novices to seasoned professionals, due to its intuitive interface. | Although AvaTrade does provide cryptocurrency trading, in comparison to specialized cryptocurrency exchanges, the selection of available cryptocurrencies may be more limited. |
| AvaTrade provides a wide array of educational materials, such as webinars, tutorials, and market analysis, which equip traders with the understanding and knowledge necessary to make well-informed trading choices. | Depending on market conditions, AvaTrade's margins may fluctuate, which could result in increased trading expenses during periods of high volatility. |
Trust Score
AvaTrade has a high trust score of 96%
FXCM
Overview
FXCM offers competitive pricing with tight spreads and low commissions, which is crucial for active traders aiming to maximize their profits through frequent trading.
FXCM’s fast and reliable trade execution ensures that active traders can swiftly capitalize on market opportunities without encountering significant delays or slippage, which is vital in fast-paced trading environments.
FXCM provides access to a wide range of markets, including forex, indices, commodities, and cryptocurrencies, allowing active traders in Vietnam to diversify their trading strategies and explore various asset classes.
FXCM offers advanced trading platforms like MetaTrader 4 and NinjaTrader, equipped with a suite of tools and features tailored to the needs of active traders, enabling them to execute their trading strategies effectively and efficiently.
FXCM’s competitive pricing, fast execution, market access, and advanced trading platforms make it a compelling choice for active traders seeking to operate in Vietnam’s dynamic financial markets.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FCA, ASIC, CySEC, FSCA |
| 💻 Account Types | Standard Account Active Trader Account Islamic Account Demo Account |
| 💵 Minimum Spread | From 0.0 pips |
| 💸 Minimum Deposit | 1.2 million VND ($50) |
| 📱 Platforms Supported | Trading Station MetaTrader 4 NinjaTrader ZuluTrade Capitalise AI TradingView Pro QuantConnect MotiveWave AgenaTrader Sierra Chart SeerTrading NeuroShell Trader |
| 📈 Range of Markets | Forex Stocks Commodities Cryptocurrencies Treasuries Bonds Indices Exchange-Traded Funds (ETFs) Options Contracts for Difference (CFDs) Precious Metals |
| 📊 Demo Account | Yes |
| ✴️ Social Trading Offered | LinkedIn YouTube |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| By offering a vast selection of trading assets, including forex pairs, indices, commodities, and cryptocurrencies, FXCM provides traders with an extensive array of investment opportunities. | FXCM's research tools and analysis may appear to be relatively limited to some traders. |
| The broker provides clients with competitive spreads, potentially resulting in decreased trading expenses and increased profitability. | FXCM offers customer support; however, there may be fluctuations in the quality and promptness of their assistance, which could potentially irritate some customers. |
| Through a partnership with ZuluTrade, FXCM enables users to engage in social trading by replicating and following the strategies employed by seasoned traders. | Occasional reports have surfaced regarding technical issues or platform instability on the FXCM trading platform, potentially impeding the trading activities of users. |
| FXCM provides a diverse selection of educational materials, including market insights, webinars, and seminars, to assist traders in enhancing their trading performance. | Traders who require immediate access to their assets may find the withdrawal process at FXCM to be subject to potential delays or complications, as reported by some. |
| FXCM provides clients with a secure and reliable trading environment, as it is regulated by reputable organizations including the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the United Kingdom. | Some FXCM trading products are subject to leverage restrictions mandated by regulation, potentially constraining the trading flexibility of certain clients. |
Trust Score
FXCM has a trust score of 95%
XTB
Overview
XTB offers user-friendly trading platforms and interfaces, making it accessible to traders of all experience levels, including beginners in the Vietnamese market.
XTB’s customer support team is readily available to assist retail traders in Vietnam with any queries or concerns they may have, providing them with guidance and support throughout their trading journey.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, IFSC |
| 💻 Account Types | Standard Account Swap-free Account Islamic Account Professional Account |
| 💵 Minimum Spread | From 0.5 pips |
| 💸 Minimum Deposit | There is no specific minimum deposit required |
| 📱 Platforms Supported | xStation 5 xStation Mobile |
| 📈 Range of Markets | Forex Indices Commodities Stock CFDs ETF CFDs Cryptocurrencies |
| 📊 Demo Account | Yes |
| ✴️ Social Trading Offered | Facebook YouTube |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| XTB offers access to award-winning trading platforms like xStation 5, known for its user-friendly interface, advanced charting tools, and customizable features. | Compared to some other brokers, XTB's research tools and analysis may be perceived as somewhat limited. |
| XTB provides extensive educational resources including webinars, tutorials, and market analysis, aiding traders in enhancing their trading knowledge and skills. | XTB may have fewer account types available compared to some other brokers, potentially limiting options for traders with specific needs. |
| XTB operates under the regulation of top-tier authorities like the FCA in the UK and CySEC in Cyprus, providing traders with a sense of security and trust. | XTB may offer fewer promotional bonuses or incentives compared to some competitors, which could be a drawback for traders seeking additional benefits. |
| XTB offers access to a diverse range of markets including forex, indices, commodities, cryptocurrencies, and more, allowing traders to diversify their portfolios. | While XTB offers access to a wide range of markets, some traders may find the selection of available assets within each market category to be somewhat limited. |
| XTB offers competitive spreads and low commissions, ensuring cost-effective trading for its clients. | Although competitive, XTB's spreads are variable, meaning they may widen during periods of high volatility, potentially impacting trading costs. |
Trust Score
XTB has a trust score of 95%
Exness
Overview
Exness provides competitive pricing with tight spreads and low commissions, ensuring that high-volume traders can execute their trades cost-effectively, thereby optimizing their profits.
Exness offers a range of trading instruments across various asset classes, providing high-volume traders in Vietnam with ample opportunities to diversify their portfolios and explore different markets, enhancing their trading flexibility and potential returns.
Exness’s combination of high leverage, competitive pricing, reliable execution, and diverse market offerings makes it an attractive option for high-volume traders in Vietnam.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
| 💻 Account Types | Standard Account Standard Cent Account Raw Spread Account Zero Account Pro Account |
| 💵 Minimum Spread | From 0.0 pips |
| 💸 Minimum Deposit | Based on chosen regional deposit method |
| 📱 Platforms Supported | MetaTrader 4 MetaTrader 5 Exness Terminal Exness Trade app |
| 📈 Range of Markets | Forex Metals Crypto Energies Indices Stocks |
| 📊 Demo Account | Yes |
| ✴️ Social Trading Offered | Instagram YouTube |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Traders with Exness are given the capability to modify leverage in alignment with their trading strategy and risk tolerance. | Some analysts argue that although the platform is highly flexible, its trading tools and functionalities are inferior in comparison to those of alternative specialized platforms. |
| Traders may establish a demo account to gain firsthand experience with virtual funds prior to engaging in real investments. | Customer support representatives, notwithstanding their genuine intention to aid, might experience intermittent periods of unavailability. This may result in responses that differ in both scope and calibre. |
| Exness has received recognition for its commitment to complete transparency with respect to all trading conditions, expenses, and spreads. | Certain traders may be dissuaded from utilizing the user interface (UI) due to its prospective complexity and sophistication, which sets it apart from their competitors. |
| At Exness, neither deposits nor withdrawals are subject to any fees. | Potential clients in search of a more extensive selection of investment prospects may be dissuaded from utilizing Exness on account of its singular focus on FX and CFDs. |
| Options for local withdrawals and deposits are available. | A considerable degree of leverage increases the likelihood of sustaining considerable losses. |
| Exness offers MetaTrader customers Expert Advisors (EAs) that are expressly developed for traders in the form of trading automation tools. | Despite the exhaustive character of market analysis and insights, they might not be sufficient for specific traders. |
Trust Score
Exness has a trust score of 97%
Tickmill
Overview
Tickmill offers professional account options with enhanced features, including lower spreads, higher leverage, and priority customer support, catering to the advanced trading requirements of professional traders.
Tickmill provides access to deep liquidity from top-tier liquidity providers, ensuring that professional traders can execute large trades efficiently without encountering significant slippage or liquidity issues.
Tickmill’s combination of professional account options, deep liquidity, advanced trading platforms, and regulatory compliance makes it a highly suitable choice for professional traders seeking to operate in Vietnam’s financial markets with confidence and success.
Unique Features
Feature Information ⚖️ Regulation Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA 💻 Account Types Pro Account, Classic Account, VIP Account 💵 Minimum Spread From 0.0 pips 💸 Minimum Deposit Based on chosen regional deposit method 📱 Platforms Supported MetaTrader 4, MetaTrader 5 📈 Range of Markets Forex, Stock Indices, Energies, Precious Metals, Bonds, Cryptocurrencies 📊 Demo Account Yes ✴️ Social Trading Offered Facebook
Twitter
LinkedIn
YouTube
Instagram
Telegram👉 Open Account 👉 Open Account
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Tickmill's favourable standing in the industry as a provider of market-leading spreads empowers investors to execute investments at a diminished expense. | Although Tickmill provides essential research tools, its limited access to more advanced resources may hinder traders' ability to conduct comprehensive studies. |
| Tickmill's expeditious execution rates effectively mitigate slippage concerns and guarantee punctual order processing. |
Trust Score
Tickmill has a trust score of 82%
Conclusion
With access to diverse markets, advanced platforms, and regulatory compliance, international brokers empower Vietnamese traders to participate confidently in the global Forex market, fostering growth and innovation in the industry.
Frequently Asked Questions
Is Forex trading suitable for everyone in Vietnam?
Forex trading involves inherent risks and may not be suitable for everyone.
How do I develop a Forex trading strategy?
A Forex trading strategy should be based on thorough analysis, clear objectives, and risk management principles.
What is technical analysis in Forex trading?
Technical analysis involves analyzing past market data, primarily price and volume.
What is fundamental analysis in Forex trading?
Fundamental analysis involves analyzing economic indicators.
How can I learn Forex trading in Vietnam?
Traders in Vietnam can learn Forex trading through online courses, tutorials, webinars, books, and demo accounts provided by Forex brokers.
Top 4 Brokers
