Best Forex Brokers in Vietnam

Following our in-depth review and ranking process, here are the best forex brokers in Vietnam;

Best Forex Brokers in Vietnam

  1. IC Markets
  2. Exness
  3. XTB
  4. Admirals
  5. FXTM

1. IC Markets

IC Markets

IC Markets is a global leading 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 a wide variety of global markets including forex, stocks, commodities, indices, cryptocurrencies, bonds and futures, with over 2037+ instruments to trade.

IC Markets offers an excellent trading solution suitable for beginners, professional traders, active traders, high volume traders, scalpers and algorithmic traders. It also provides adequate support for all trading styles and strategies such as scalping, hedging, algorithmic trading etc.

In addition, IC Market clients can access a plethora of top-notch trading services such as; ultra-low spreads from 0.0 pips, fast trade executions, deep liquidity, advanced trading platforms & tools, transparent pricing, low trading fees, and a 24/7 customer support service.

IC Markets Overview

BrokerIC Markets
Regulation ASIC, FSA, CYSEC
Forex Pairs61
Trading PlatformsMetaTrader 4, MetaTrader 5, cTrader
Minimum Deposit$200 (or currency equivalent.)
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesAUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF.
Payment MethodsBank Wire Transfer, Credit and debit cards, Paypal, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Rapidpay, Thai internet banking, Vietnamese internet banking.

Pros

  • Hassle-free account registration process.
  • Strong regulatory framework.
  • Over 180,000+ clients across 190 countries worldwide.
  • Strong global presence and reputation among traders.
  • Deep liquidity.
  • Negative balance protection.
  • Client’s funds are segregated.
  • Industry-standard trading platforms in web, mobile and desktop versions.
  • Provides support for algorithmic.
  • Over 61 currency pairs to trade including major, minor and exotic currency pairs.
  • Flexible leverage from 1:1 to 1:500.
  • Low latency and ultra-fast trade execution.
  • Supports all trading styles and strategies.
  • Low spreads (starting from 0.6 pips) with zero commissions on the standard account.
  • Ultra-low spreads from 0.0 pips on IC Markets’ Raw Spread accounts.
  • Multiple fast and secure payment methods, with fast deposit and withdrawal processing times.
  • Demo account with unlimited usage duration.
  • No inactivity fee.
  • Dedicated and friendly multi-lingual customer support service available 24 hours a day, 7 days a week.

Cons

  • Product offering is limited to CFDs.
  • No proprietary trading platform.

2. Exness

Exness

Exness is a global, award-winning retail forex & CFD provider established in 2008, by Nymstar Limited; a global brand best known for its partnership with Real Madrid.

It offers a variety of global markets including forex, indices, metals, cryptocurrencies, energies and stocks, with over 200+ instruments to trade.

Exness offers a highly reliable and outstanding brokerage service suitable for both beginner and professional retail traders. It provides traders with different account options, coupled with great trading conditions and technologies, which creates room for a tailored trading experience, as well as support for all trading styles and strategies.

Other great trading services clients can enjoy include deep, liquidity, industry-standard trading platforms, low forex trading cost, ultra-low forex spreads from 0.0 pips, multiple fast & secure payment methods and a multi-lingual customer support team, available 24/7.

Exness Overview

BrokerExness
Regulation FCA (United Kingdom), CySEC (Cyprus), FSA (Seychelles), CBCS, FSC(BVI), FSCA (South Africa)
Forex Pairs107
Trading PlatformsMetatrader 4, Metatrader 5
Minimum Deposit$1
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:Infinity
Account CurrenciesAUD, USD, GBP, EUR, SGD, CAD
Payment MethodsBank 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 100+ currency pairs, including major, minor and exotic currency pairs.
  • Multiple tailored account types.
  • Low forex trading cost.
  • Offers the highest forex leverage in the industry.
  • Consistent ultra-low spreads from 0.0 pips.
  • Multiple fast and secure deposit and withdrawal methods.
  • Transparent fee structure with no hidden charges.
  • No deposit and withdrawal fee.
  • Friendly and multi-lingual customer support team, available 24/7.

Cons

  • Limited instrument offering compared to other competitors.

3. XTB

XTB

XTB (X-Trade) is one of the largest stock exchange-listed brokers in the world, owned and operated by XXZW Investment Group SA. XTB offers CFDs across a wide range of global markets including Forex, Commodities, Indices, Stock and ETFs, with over 2100+ instruments to trade.

XTB offers an outstanding brokerage solution for beginners and professionals and also provides support for all types of trading styles and strategies. XTB also also provides clients with an extensive list of excellent brokerage services such as low-cost trading, consistently tight spreads, deep liquidity, clients account protection, excellent education and research offering, an extensive list of secure deposit and withdrawal methods, a wonderful customer support service and lots more.

XTB Overview

BrokerX-Trade Brokers (XTB)
Regulation FCA, CySEC, PFSA, KNF, and IFSC
Forex Pairs57 Currency Pairs
Trading PlatformsxStation 5, MetaTrader 4, xStation Mobile
Minimum Deposit$0
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesUSD, EUR, GBP, HUF, PLN
Payment MethodsBank Wire Transfer, Credit/Debit Cards, Paypal, Skrill, Neteller, PaySafe, SafetyPay, Paydoo, PayU, ECOMMPAY, BlueCash, Blik, Sofort

Pros

  • Strong regulatory framework.
  • Over 15 years of industry experience.
  • Deep liquidity.
  • Negative Balance Protection.
  • Listed on the stock exchange.
  • Global coverage with over 15 offices across the globe.
  • 353,000+ Clients worldwide.
  • Beginner Friendly.
  • Multiple fast and secure deposit and withdrawal methods.
  • Fast deposit and withdrawal processing time.
  • Industry-standard trading platforms in web, mobile and desktop versions.
  • Ultra-low forex trading fee.
  • Consistently low spreads from 0.5 pips.
  • Extensive library of educational materials including videos, webinars and courses suitable for both beginners and experienced investors.
  • Great bonuses.
  • Fast and high-quality customer support.

Cons

  • Limited account base currency options.

4. Admirals

Admirals

Admirals (formerly known as Admiral Markets) is a leading Forex and CFD service provider established and operated by the Admiral Group. It offers over 8000+ instruments across a wide variety of global markets including forex and CFDs on commodities, indices, stocks, ETFs and bonds.

Admiral offers a great trading solution suitable for beginner and professional retail traders. It offers different account types, giving traders the ability to choose an account type that best suits their trading style or needs. Also, traders can enjoy a number of great trading services, including deep liquidity, support for all trading styles and strategies, consistently low spreads from 0.0 pips, excellent educational offering, great research offering, multiple fast & secure payment methods, and an excellent customer support service.

Admirals Overview

BrokerAdmirals
Regulation FCA (United Kingdom), EFSA (Estonia), JSC (Jordan), CySEC (Cyprus), AFSL (Australia)
Forex Pairs50 Currency Pairs
Trading PlatformsMetaTrader Web Trader, MetaTrader 4, MetaTrader 5
Minimum Deposit$100 or currency equivalent.
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesEUR, USD, AUD, BGN, CHF, CZK, GBP, HRK, HUF, NOK, PLN, RON, RUB, SEK, CNY, SGD, CLP, IDR, MYR, THB, VND
Payment MethodsBank Transfer, Credit/ Debit Cards, Paypal, Klarna, Skrill, Neteller, SafetyPay, Przelewy, iBank & BankLink, iDeal

Pros

  • Strong regulatory framework.
  • Beginner friendly.
  • Deep liquidity.
  • Negative balance protection.
  • Client’s funds are segregated.
  • Low latency and fast order execution.
  • Industry-standard trading platforms in web, mobile and desktop versions.
  • Advanced mobile apps with extensive functionalities.
  • Tailored account types with great trading conditions.
  • Supports all trading styles and strategies.
  • Wide range of asset classes.
  • Competitive spreads and low commissions.
  • A wide selection of fast and secure payment methods.
  • Transparent fee structure with no hidden charges
  • Offers Islamic swap-free account.
  • Impressive educational and research offering including; Forex & CFD webinars, traders glossary, courses and e-books.
  • Great market research and analytics offering.
  • Friendly and multi-lingual customer service.

Cons

  • Demo account available for only 30 days.
  • Basic mobile trading app.

5. FXTM

FXTM

FXTM is a multi-award-winning forex and CFD provider established by the FXTM group; a global leader in the online trading industry. FXTM offers forex trading and CFD trading across a variety of global markets including indices, stocks, commodities and cryptocurrencies with over 200+ instruments to trade.

FXTM offers great trading solutions suitable for newbie and professional retail traders, and also provides support for all trading styles and strategies such as scalping, hedging, algorithmic trading etc.

It also offers a number of other great trading solutions such as; ultra-low spreads from 0.0 pips, low financing, different tailored account types, deep liquidity, negative balance protection, multiple fast and secure payment methods, quality educational offering and great customer support service.

FXTM Overview

BrokerFXTM
Regulation FCA (United Kingdom), CySEC (Cyprus/ Europe), FSC (Mauritius), IFSC (Belize/ International), FSCA (South Africa)
Forex Pairs63
Trading PlatformsMetaTrader 4
Minimum Deposit$50
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:2000
Account CurrenciesEUR, GBP, USD, NGN
Payment MethodsBank Wire Transfer, Credit/ Debit Cards (MasterCard, VISA, Maestro), Skrill, Neteller, Bitcoin, Google Pay, JCB Card, M-Pesa, Perfect Money, QIWI, UnionPay, Webmoney, WeChat Pay, Western Union, WorldPay, Yandex Money

Pros

  • Strong regulatory framework.
  • Hasle-free account registration process.
  • Multiple tailored account types.
  • Deep liquidity.
  • Fast trade execution.
  • Negative balance protection.
  • Support all trading styles and strategies.
  • Flexible and high leverage from 1:1 to 1:2000.
  • Multiple fast and secure payment methods.
  • Low financing fee.
  • Ultra-low spreads from 0.0 pips.
  • Over 60+ currency pairs including major, minor and exotic pairs.
  • No deposit fee.
  • Negative balance protection.
  • Quality educational offering.
  • Great customer support service.

Cons

  • Limited product offering.
  • Limited instrument offering compared to other competitors.
  • Withdrawal fee charged for bank and card payments.
  • Trading platform limited to only Metatrader 4.
  • Inactivity fee charged (after 6 months).

FAQs