If you’re searching for the best forex brokers in Vietnam, you’re in the right place because we have ranked the best forex brokers in Vietnam for you.
With this comprehensive guide, we aim to help you choose a broker that meets your trading needs, leaving you to focus on what matters, which is profitability in the forex markets.
Ranking Methodology – While ranking the brokers, some of the critical factors which we took into consideration include; regulatory compliance, trading fees (spreads, commissions, and overnight fees), non-trading fees, base currencies offered, payment methods, product offering, execution model, execution speed, assets, trading platforms, research, education, and customer support service.
Table of Contents
Best Forex Brokers in Vietnam
Following our in-depth broker review and ranking methodology, here are the best forex brokers in Vietnam;
- IC Markets
- Pepperstone
- Admirals
- Exness
- XM
1. IC Markets
IC Markets is a leading global online broker and one of the world’s largest forex providers by trade volume, with over 29 Billion USD in FX trades processed daily. It offers CFDs on various global markets, including forex, stocks, commodities, indices, cryptocurrencies, bonds, and futures, with over 2250+ instruments to trade.
With IC Markets, you can enjoy a plethora of top-notch trading services, including transparent pricing, low trading & non-trading fees, consistent ultra-low spreads from 0.0 pips, fast trade executions, low slippage, deep liquidity, advanced trading platforms & tools, and 24/7 customer support service.
IC Market’s ease of use, and excellent trading conditions, make it a suitable broker for traders of all experience levels. IC Markets also provides adequate support for various trading strategies, such as hedging, scalping, and algorithmic trading. Likewise, Its unique trading conditions, such as ultra-low trading fees, fast execution, and deep liquidity, make it an excellent choice for active and high-volume traders.
IC Markets Overview
| Broker | IC Markets |
|---|---|
| Regulation | ASIC, FSA, and CySEC. |
| Forex Pairs | 61 Currency Pairs |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| Minimum Deposit | $200 or currency equivalent. |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF. |
| Payment Methods | Credit and debit cards, Paypal, Neteller, Neteller VIP, Skrill, UnionPay, Wire Transfer, Bpay, FasaPay, Broker to Broker, POLI, Rapidpay, Thai internet banking, Vietnamese internet banking |
| Trading Tools | Virtual Private Server (VPS), Trading Servers, MT4 Advanced Trading Tools |
Pros
- Quick account setup.
- Strong regulatory framework.
- Over 180,000+ clients across 190 countries worldwide.
- Multiple industry standard trading platforms in web, mobile and desktop versions.
- Deep liquidity.
- Over 61 currency pairs to trade, including major, minor and exotic currency pairs.
- High leverage (up to 1:500).
- Fast trade execution.
- Supports all trading styles and strategies.
- Offers swap-free account.
- Low trading fees across all account types.
- Ultra-low spreads from 0.0 pips on IC Markets’ Raw Spread accounts.
- Multiple fast and secure payment methods.
- The demo account has an unlimited usage duration.
- No inactivity fee is charged.
- Excellent customer support service.
Cons
- Its product offering is limited to forex and CFDs.
- No proprietary trading platform is offered.
2. Pepperstone
Pepperstone is a global award-winning online broker established in 2010 by Pepperstone Group. It offers spread betting and CFDs across various international markets, including forex, indices, commodities, shares, and cryptocurrencies, with over 1200+ instruments to trade.
With Pepperstone, you can enjoy cutting-edge brokerage solutions such as low trading fees, deep liquidity, spreads from 0.0 pips, industry trading platforms, social trading, copy trading, ultra-fast execution, an Active Trader program, research, education, and an awarding-winning customer support team.
Pepperstone’s outstanding and flexible trading solutions make it a good fit for all levels of traders, including novice, intermediate and professional traders. It also provides adequate support with multiple industry-standard terminals, tools, and excellent trading conditions, ideally suited for scalping, algorithmic trading, copy trading, and social trading.
Clients also have the option to choose from two account types, which are the Standard and Razor account. The critical difference between these account types is how fees are charged.
The Standard account has a one pip mark on the raw spread (from 0.0pips) with no commissions charged. The simplicity of this account type makes it a good fit for beginners and casual traders.
The Razor account, on the other hand, offers access to consistent raw spreads from 0.0 pips with a small commission charge applied. The lower cost setup traditionally seen in this account type makes it ideally suited for traders with particular trading styles, like algorithmic trading and scalping.
Pepperstone Overview
| Broker | Pepperstone |
|---|---|
| Regulation | ASIC, FCA, and DFSA. |
| Forex Pairs | 61 |
| Trading Platforms | MetaTrader4, Metatrader5 and cTrader and Duplitrade. |
| Minimum Deposit | $0 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | AUS, USD, SGD, HKD, JPY, NZD, EUR, CHF, GBP |
| Payment Methods | Bank Wire Transfer, Credit/ Debit Cards, Neteller, Skrill, PayPal, and Poli. |
| Trading Tools | Smart Trader Tools, cTrade Automate, Autochartist, API, Virtual Private Server (VPS), DupliTrade. |
Pros
- Strong regulatory framework.
- Great for beginners.
- Easy account registration process.
- Deep liquidity.
- Fast order execution.
- Multiple account base currencies.
- Supports all trading styles and strategies.
- Over 61 currency pairs, including major, minor and exotic pairs.
- Multiple fast and secure payment methods.
- Multiple industry standard trading platforms in web, mobile and desktop versions.
- Great for algorithmic traders.
- Low forex trading fee.
- Ultra-low spreads on major currency pairs from 0.0 pips on the Razor account.
- Active Trader Program for high-volume traders, with cash rebates that are paid daily.
- No inactivity fee is charged.
Cons
- The demo account duration is limited to only 30 days.
- Only CFDs are offered.
3. Admirals
Admirals is a leading forex and CFD provider established in 2001 by the Admiral Group. It offers over 8000+ instruments across various global markets, including forex, commodities, indices, stocks, ETFs, and bonds.
Along with access to over 8000+ instruments, traders can also enjoy several other exceptional trading services such as deep liquidity, superior order execution, industry-standard trading platforms, competitive spreads from 0.0 pips, multiple fast & secure payment methods, impressive educational and research offerings, and an excellent customer support service.
Admirals is a suitable broker for both beginner and professional traders. It is also ideal for traders who enjoy using the MetaTrader trading terminal and all that it offers because it offers multiple MetaTrader-themed account types, which enables traders to choose a MetaTrader account type that best suits their trading needs.
Admirals Overview
| Broker | Admirals |
|---|---|
| Regulation | FCA, EFSA, JSC, CySEC and AFSL. |
| Forex Pairs | 50 Currency Pairs |
| Trading Platforms | MetaTrader Web Trader, MetaTrader 4, MetaTrader 5 |
| Minimum Deposit | $100 or currency equivalent. |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | EUR, USD, AUD, BGN, CHF, CZK, GBP, HRK, HUF, NOK, PLN, RON, RUB, SEK, CNY, SGD, CLP, IDR, MYR, THB, VND |
| Payment Methods | Bank Transfer, Credit/ Debit Cards, Paypal, Klarna, Skrill, Neteller, SafetyPay, Przelewy, iBank & BankLink, iDeal |
| Trading Tools | MetaTrader Supreme Edition, StereoTrader, Virtual Private Server, Parallels for Mac |
Pros
- Strong regulatory framework.
- Great for beginners.
- Deep liquidity.
- Industry-standard trading platforms in web, mobile and desktop versions.
- Multiple account types with excellent trading conditions.
- Wide range of asset classes.
- Competitive spreads and low commissions.
- Supports all trading styles and strategies.
- Multiple fast and secure payment methods.
- Fast order execution.
- Transparent fee structure with no hidden charges.
- Offers Isalmic swap-free account.
- Outstanding education offering.
- Excellent customer support service.
Cons
- The demo account is available for only 30 days.
4. Exness
Exness is a global, award-winning online broker established in 2008 by Nymstar Limited, a global brand popularly known for its partnership with Real Madrid. It has a huge client base of over 350,000+ active traders and is known to be one of the largest forex brokers in the world, with a massive monthly trade volume of over $2.7 Trillion.
With Exness, you can trade CFDs across various global markets, including forex, indices, metals, cryptocurrencies, energies, and stocks, with over 1200+ instruments to trade.
Some of the outstanding brokerage service traders can enjoy with Exness includes deep liquidity, fast trade execution, industry-standard trading platforms, high leverage (up to 1:3000), low forex trading fee, multiple fast & secure payment methods, instant fund withdrawal, free VPS hosting and excellent customer support service.
Exness is great for beginners and professional traders. It also offers a range of account types with excellent trading conditions, which makes it easy for traders to find an account that suits their trading style or needs.
Exness Overview
| Broker | Exness |
|---|---|
| Regulation | FCA (United Kingdom), CySEC (Cyprus), FSA (Seychelles), CBCS, FSC(BVI), FSCA (South Africa) |
| Forex Pairs | 120+ |
| Trading Platforms | Metatrader 4, Metatrader 5 |
| Minimum Deposit | $1 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:Infinity |
| Account Currencies | AUD, USD, GBP, EUR, SGD, CAD |
| Payment Methods | Bank Wire Transfer, Credit/ Debit Cards, Skrill, Neteller, WebMoney, PerfectMoney, Bitcoin, Tether |
Pros
- Strong regulatory framework.
- Deep liquidity.
- Negative balance protection
- Hassle-free account opening process.
- Multiple industry standard trading platforms in web, mobile, and desktop versions.
- Over 120+ currency pairs, including major, minor and exotic currency pairs.
- High leverage (up to 1:3000).
- Multiple tailored account types.
- Low forex trading cost.
- Offers the highest forex leverage in the industry.
- Multiple fast and secure payment methods.
- Offers instant withdrawals.
- Excellent customer support service.
Cons
- Its product offering is limited to CFD trading only.
5. XM
XM is a multi-award-winning online broker established in 2009 by Trading Point Holding. It is also one of the world’s biggest forex providers (by trade volume) and has an enormous client base of over 5 million traders across 190 countries worldwide.
XM offers CFDs across various global markets, including forex, stocks, commodities, equity indices, precious metals, energies, and shares, with over 1000+ instruments to trade.
Some significant advantages of trading with XM include deep liquidity, fast order execution, low minimum deposit (from $5), multiple fast & secure payment methods, industry-standard trading platforms, quality education & research offering, and excellent customer support service.
Along with adequate support and excellent trading conditions, XM provides traders with a flexible trading ecosystem where traders of all levels can thrive. This is due to its tailored accounts offering, which comes with slight differences in structures, such as pricing and contract sizes.
XM Overview
| Broker | XM |
|---|---|
| Regulation | CySEC, DFSA, ASIC, IFSC, FCA, BaFin, CNMV, MNB, CONSOB, ACPR, FIN-FSA, KNF, AFM, and FI. |
| Forex Pairs | 55 Currency Pairs. |
| Trading Platforms | MetaTrader 4, MetaTrader 5 |
| Minimum Deposit | $5 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:888 |
| Account Currencies | USD, EUR, GBP, JPY, CHF,AUD, HUF, PLN, RUB, SGD, ZAR |
| Payment Methods | Wire Transfer, Internet Banking, Local Bank Transfer, Credit/ Debit Cards, Neteller, Neteller VIP, Skrill, UnionPay, RapidPay, POLI |
| Trading Tools | Virtual Private Server (VPS) |
Pros
- Strong regulatory framework.
- Easy account registration process.
- Deep liquidity.
- Fast order execution.
- Multiple tailored account types.
- Offers swap-free accounts.
- Low minimum deposit (from $5).
- Industry-standard trading platforms in web, mobile and desktop versions.
- Supports all trading styles and strategies.
- Provides support for Expert Advisors (EAs).
- Offers 11 account base currencies.
- Multiple fast and secure payment methods.
- Quality education & research offering.
- Ultra-low spreads from 0.0 pips on the Zero account.
- Excellent customer support service.
Cons
- No proprietary trading platform.
- Its product offering is limited to CFDs.
FAQs
Can you trade forex in Vietnam?
Yes, you’re legally allowed to trade forex in Vietnam