Best Forex Brokers in Vietnam
Scam Forex Brokers in Vietnam
Exness Review
Overall, Exness is considered low risk, with an overall Trust Score of 97 out of 100. Exness is licensed by one Tier-1 Regulator (high trust), three Tier-2 Regulators (average trust), and four Tier-3 Regulators (low trust). Exness offers Vietnamese traders five retail trading accounts: Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, and Pro Account.
- Lesche Duvenage
Jump to:
Overview
Regulation and Safety of Funds
Awards and Recognition
Account Types and Features
Account Registration
Broker Comparison
Trading Platforms
Range of Markets
Fees
Deposit and Withdrawels
Education and Research
Bonuses and Promotions
Affiliate Programs
Customer Support
Social Responsibility
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.9/5
Min Deposit
$10 / 244450 VND
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
Exness is a highly suitable and reputable option for traders hailing from Vietnam. The broker has demonstrated its commitment to adhering to all the necessary regulations set forth by the local governing bodies, ensuring a secure and compliant trading environment for Vietnamese traders.
Overall, with a focus on meeting local requirements, Exness has become a preferred platform for individuals seeking a reliable trading experience.
Distribution of Traders
Currently has the largest market share in these countries:
➡️ Thailand – 42.9%
➡️ Vietnam – 24.7%
➡️ India – 11.7%
➡️ South Africa – 9.6%
➡️ Saudi Arabia – 0.96%
Popularity among traders
Even with a market share of less than 5% in Vietnam, they are still one of the most active forex brokers in Africa, making it one of the Top 20 forex brokers for Vietnam traders.
Does Exness have a local office in Vietnam?
No, Exness does not have a local office in Vietnam but offers customer support in Vietnamese.
Is Exness regulated in Vietnam?
No, Exness is not regulated by the SBV in Vietnam. However, Exness is regulated by FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, and CMA.
At a Glance
| 🏛 Headquartered | Cyprus |
| 🌎 Global Offices | South Africa, Cyprus, United Kingdom, Seychelles, Kenya |
| 🏛 Local Market Regulators in Vietnam | The State Bank of Vietnam (SBV) |
| 💳 Foreign Direct Investment in Vietnam | 22.40 Billion USD (Dec 2022) |
| 💰 Foreign Exchange Reserves in Vietnam | 85,801 million USD (Feb 2023) |
| ✔️ Local office in Hanoi? | No |
| 👨⚖️ Governor of SEC in Vietnam | SBV Governor, Nguyen Thi Hong |
| ✔️ Accepts Vietnamese Traders? | Yes |
| 📊 Year Founded | 2008 |
| 📞 Vietnam Office Contact Number | None |
| 📱 Social Media Platforms | Facebook YouTube |
| ⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
| 1️⃣ Tier-1 Licenses | Financial Conduct Authority (FCA) |
| 2️⃣ Tier-2 Licenses | Cyprus Securities and Exchange Commission (CySEC) Financial Sector Conduct Authority (FSCA) Capital Markets Authority (CMA) |
| 3️⃣ Tier-3 Licenses | Financial Services Authority (FSA) Seychelles Financial Services Commission of the British Virgin Islands (FSC BVI) Financial Services Commission (FSC) Mauritius Central Bank of Curaçao and Sint Maarten (CBCS) |
| 🪪 License Number | Seychelles – SD025 Curaçao – 0003LSI British Virgin Islands – SIBA/L/20/1133 Mauritius – GB20025294 South Africa – FSP 51024 Cyprus – 178/12 United Kingdom – 730729 Kenya – 162 (Tadenex Limited) |
| ⚖️SBV Regulation | No |
| ✔️ Regional Restrictions | USA, American Samoa, Baker Island, Guam, Howland Island, Kingman Reef, Marshall Islands, Northern Mariana Islands, Puerto Rico, Midway Islands, Wake Island, Palmyra Atoll, Jarvis Island, Johnston Atoll, Navassa Island, Martinique, US Virgin Islands, and the United States Minor Outlying Islands, Canada, Curaçao, Cuba, Sint Maarten, Falkland Islands, Uruguay, Australia, New Zealand, Vanuatu, North Korea, Malaysia, Singapore, Aland Islands, Andorra, Austria, Belarus, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Italy, Ireland, Kosovo, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Norway, Netherlands, Poland, Portugal, Romania, Russia, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom, Vatican City, Seychelles, Sudan, South Sudan, Réunion, Iraq, Iran, Israel, Syria, Yemen, Palestinian Territory |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 5 |
| ✔️ PAMM Accounts | None |
| 💻 Liquidity Providers | ADS Securities, FXCM PRO, and others |
| ✔️ Affiliate Program | Yes |
| 📱 Order Execution | Market |
| 📊 Starting spread | 0.0 pips EUR/USD |
| 📉 Minimum Commission per Trade | From $0.1 per side, per lot |
| 💰 Decimal Pricing | 5th decimal pricing after the comma |
| 📞 Margin Call | 60% |
| 🛑 Stop-Out | 0% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | Unlimited |
| ✅ Crypto trading offered? | Yes |
| ✔️ Offers a VND Account? | Yes |
| 📉 Dedicated Vietnamese Account Manager? | No |
| 📈 Maximum Leverage | Unlimited |
| 📊 Leverage Restrictions for Vietnam? | Yes, according to the account balance |
| 💳 Minimum Deposit (VDN) | 2, 44450 VND ($10) |
| ✔️ Vietnam Dong Deposits Allowed? | All |
| 📊 Active Vietnam Trader Stats | 90 million+ |
| 👥 Active Vietnam-based Exness customers | Unknown |
| 🔁 Vietnam Daily Forex Turnover | 9.9 billion USD (2019) |
| 💰 Deposit and Withdrawal Options | BinancePay Bitcoin Debit Card Credit Card Internet Banking Skrill Neteller Perfect Money SticPay USD Coin (ERC20) USD Coin (TRC20) Tether (USDT ERC20) Tether (USDT TRC20) WebMoney Mybux Ozow SnapScan |
| 💻 Minimum Withdrawal Time | Instant |
| ⏰ Maximum Estimated Withdrawal Time | Up to 72 hours |
| 💳 Instant Deposits and Instant Withdrawals? | Yes |
| 🏛 Segregated Accounts with Vietnamese Banks? | No |
| 📱 Trading Platforms | MetaTrader 4 MetaTrader 5 Exness Terminal Exness Trader app |
| 💻 Tradable Assets | Forex Metals Crypto Energies Indices Stocks |
| ✔️ Offers USD/VND currency pair? | No |
| 📊 USD/VND Average Spread | None |
| ✅ Offers Vietnamese Stocks and CFDs | No |
| 💻 Languages supported on the Website | English, French, Vietnamese, Portuguese, Spanish, Vietnamese, Arabic, Thai, Chinese (Simplified), Japanese, Korean, Urdu, Bengali, Hindi |
| ☎️ Customer Support Languages | Multilingual |
| 👥 Copy Trading Support | Yes |
| ⏰ Customer Service Hours | 24/7 |
| 📞 Vietnam-based customer support? | No |
| 💸 Bonuses and Promotions for Vietnamese? | No |
| 📚 Education for Vietnamese beginner traders | Yes |
| 📱 Proprietary trading software | Yes |
| 🤝 Most Successful Trader in Vietnam | Most Successful unknown, but the top traders include Dao Thi Kim Ngan, Tran Minh Tuan, Pham Quoc Dat, etc. |
| ✔️ Is the broker a safe broker for Vietnam Traders? | Yes |
| 🎖 Rating for Exness Vietnam | 8/10 |
| 🥇 Trust score for Exness Vietnamese | 97% |
| 👉 Open Account | 👉 Open Account |
Regulation and Safety of Funds
Regulation in Vietnam
Exness is not currently regulated by the State Bank of Vietnam (SBV). However, Exness’ global regulations are listed in the table below.
Global Regulations
| 📱Registered Entity | 🌎Country of Registration | ✔️Registration Number | 🔎Regulatory Entity | 📊Tier | 💳License Number/Ref |
| Nymstar Limited | Seychelles | 8423606-1 | FSA | 3 | SD025 |
| Exness B.V. | Saint Maarten | 148698(0) | CBCS | 3 | 0003LSI |
| Exness VG Limited | British Virgin Islands | 2032226 | FSC BVI | 3 | SIBA/L/20/1133 |
| Tortelo Limited | Mauritius | 176967 | FSC | 3 | GB20025294 |
| Vlerizo (Pty) Ltd | South Africa | 51024 | FSCA | 2 | FSP 51024 |
| Exness (CY) Ltd | Cyprus | HE 293057 | CySEC | 2 | 178/12 |
| Exness (UK) Ltd | United Kingdom | 0886148 | FCA | 1 | FSR 730729 |
| Tadenex Limited | Kenya | – | CMA | 2 | 162 |
Client Fund Security and Safety Features
Security while Trading
- Employee Training: All Exness employees receive regular security training. This ensures they understand the significance of protecting customer data and are outfitted with the knowledge necessary to prevent potential security breaches.
- High-Security Standards: Exness’ security standards exceed those of PCI DSS. This protects traders and ensures that transaction standards remain unquestioned, making deposits and withdrawals expeditious and uninterrupted.
- Network Monitoring and Access Control: Continuous monitoring of the network aids in the early detection of any suspicious activity. In addition, strict access controls prevent unauthorized access to sensitive data.
- Certifications: Exness has passed an independent audit confirming its compliance with the PCI Data Security Standard. This certification provides additional assurance to traders regarding the broker’s commitment to information security.
- Data Encryption: Exness utilizes encryption techniques to safeguard sensitive data during transmission and storage. This ensures the confidentiality and security of traders’ personal and financial information against potential breaches.
- Cybersecurity Team: Exness possesses a substantial team of cybersecurity experts who frequently collaborate with IT professionals from various industries. This proactive approach guarantees that the organization is always one step advance of potential security threats.
- PCI DSS Compliance: This is a top priority for Exness. This standard is required for all organizations storing, processing, or transmitting cardholder data. It encompasses technical and operational practices to improve the security of cardholder data. When traders deposit or withdraw using Exness, the process adheres to PCI DSS standards, ensuring the highest level of security.
- Regular Vulnerability Assessments: Exness conducts regular vulnerability assessments to identify and address potential security flaws. This preventative measure guarantees the platform’s continued security against evolving cyber threats.
When will Exness be regulated in Vietnam?
Because the SBV does not directly regulate the forex market or the international brokers in Vietnam, it is not likely that Exness will be licensed by SBV.
Is Exness illegal because it is not regulated in Vietnam?
No, Exness is not illegal in Vietnam, despite not being licensed by SBV. Furthermore, Exness is regulated by several top regulatory entities worldwide, ensuring Vietnamese traders are safe to use its services.
Awards and Recognition
Exness received the following recent awards and recognition:
- Global Broker of the Year in 2023, awarded during the Forex Traders Summit.
- Most Innovative Broker of the Year in 2023, awarded during the Traders Summit.
Has Exness received any awards for its services as a broker?
Yes, they have received several awards and recognition for their services as a broker. Over the years, the broker has been acknowledged by various industry-leading organizations and publications for its achievements in different areas, including trading conditions, customer service, and technological innovation.
Regulatory Compliance: As a regulated broker, the broker must comply with strict regulatory requirements related to capital adequacy, risk management, and client protection. Regular audits and oversight by the regulatory authorities help ensure that these standards are upheld.
What are some of the notable awards and recognition received by Exness?
Best Forex Broker, the broker has been honored with awards for being the best forex broker, recognizing its excellence in providing forex trading services and conditions.
The broker has been recognized for its outstanding customer support and dedication to meeting clients’ needs.
The broker has received awards for its innovative trading technology and platform solutions, providing traders with advanced and user-friendly tools.
How to open an Account with Exness in Vietnam
To register an account Traders can follow these steps:
Step 1. Visit the Website
Start by going to the home page and clicking on Start Trading. The website will take you to the Registration page, where you will be required to provide your General and Personal Information.
Step 2. Create an Account
Start by going to the home page and filling out the information in the New Account Section.
After you have filled out the necessary information, you must choose the kind of trading account with which you want to register by clicking on Open New Real Account and then choosing the trading account type. Enter your email address. Create a password for your account following the guidelines shown.
Enter a partner code (optional), which will link your account to a partner in the Partnership program.
Tick the box declaring you are not a citizen or resident of the US, if this applies to you.
Click Continue once you have provided all the required information.
Congratulations, you have successfully registered a new Account and will be taken to your new Personal Area.
Please keep in mind that it may take up to 24 hours to validate the papers. Once your account has been authenticated, you will get an email confirming your registration.
Account Types and Features
They provide two kinds of live trading accounts: Standard Accounts and Professional Accounts. Each of these two categories provides account choices that are suited to various degrees of expertise and kinds of traders based on their trading demands and trading styles.
Live trading accounts include the following:
➡️ Standard Account
➡️ Standard Cent Account
➡️ Raw Spread Account
➡️ Zero Account
➡️ Pro Account
| 💻Live Account | 📉Minimum Dep. | 👉 Open Account | 📈Average Spread | 💸Commissions |
| ➡️ Standard | 2, 44450 VND / $10 | 👉 Click Here | 0.3 pips | None |
| ➡️ Standard Cent | 2, 44450 VND / $10 | 👉 Click Here | 0.3 pips | None |
| ➡️ Raw Spread | 1, 2222518 VND / $500 | 👉 Click Here | 0.0 pips | $3.5 |
| ➡️ Zero | 1, 2222518 VND / $500 | 👉 Click Here | 0.0 pips | $0.1 |
| ➡️ Pro | 1, 2222518 VND / $500 | 👉 Click Here | 0.1 pips | None |
Live Trading Accounts
Standard Account
The Standard Account, Exness’ basic trading solution, is excellent for traders looking for a direct and commission-free trading environment. This fundamental option appeals to a wide range of trading profiles, with marked-up spreads as the principal pricing mechanism.
Standard Cent Account
The Standard Cent Account has been designed to assist new traders with limited financial resources. With an affordable entry point of roughly $10 (or an equivalent in EUC, GBC, CHC, AUC, or CAC), this account provides an enticing entryway for newbies to enter the trading world.
Furthermore, the Cent account provides traders with an expanded range of leverage options and a lower minimum transaction requirement. This combination enables traders to investigate and test alternative trading concepts and methods.
Raw Spread Account
The Raw Spread Account is designed to fulfil the specialized demands of scalpers, day traders, and algorithmic traders. This account distinguishes itself by offering small and competitive spreads, which correspond to the fast-paced nature of various trading methods.
Furthermore, using this account, Vietnamese traders can implement their ideas effectively and profit from quick, short-term trading opportunities.
Zero Account
Exness’ Zero Account improves trading dependability with its unwavering no-requote policy. This account distinguishes itself from comparable products from other brokers by delivering a remarkable combination of incredibly competitive costs and spreads.
Vietnamese traders that emphasize little slippage and tight spreads stand to benefit significantly from the Zero Requote Account’s unique characteristics.
Pro Account
The Exness Pro Account is a premium option designed specifically for savvy Vietnamese traders with a comprehensive understanding of financial markets.
This account offers a variety of customized trading conditions and incentives, giving professionals a significant competitive advantage in their trading endeavours.
The Exness Professional Account, designed specifically to meet the needs of experienced Vietnamese traders, enables them to execute complex trading strategies with pinpoint accuracy, allowing them to outperform their competitors in the market.
Furthermore, Vietnamese traders can improve their trading performance and achieve their financial goals with unrivalled precision with the help of a comprehensive set of tools and sophisticated features.
The Exness Professional Account surpasses conventional offerings by providing an elevated level of service and support to satisfy the unique requirements of seasoned Vietnamese traders.
Through this account, traders can take advantage of conditions tailored to their trading preferences and risk tolerance, enhancing their trading voyage and fostering comprehensive success in the dynamic financial markets.
Base Account Currencies
When Vietnam traders register a live trading account, they can choose from an impressive range of base currencies.
AED, AUD, ARS, AZN, BDT, BHD, BND, BRL, BYR, CAD, CHF, CLP, CNY, COP, CZK, DKK, DZD, EUR, GEL, GBP, GHS, HKD, HUF, IDR, ILS, INR, JOD, JPY, KES, KRW, KWD, KZT, LBP, LKR, MAD, MXN, MYR, NGN, NOK, NZD, OMR, PHP, PKR, PLN, QAR, RON, RUR, SAR, SEK, SGD, SYP, THB, TND, TRY, TWD, UGX, USD, UAH, UZS, VND and ZAR
Demo Account
Traders can engage in trial attempts and acquire confidence by utilizing an Exness demo account. This demo account, accessible via the “Demo” page inside the “My Accounts” section, has a virtual currency balance of USD 10,000.
This virtual environment allows traders to explore the mechanics of trading without the risk associated with real money. As a result, the Exness Practice Account provides a haven for traders to practice actual trading operations, develop their approaches, and increase their expertise.
Islamic Account
Exness offers swap-free trading accounts to individuals residing in Islamic nations adhering to Sharia law. The Standard, Pro, Raw Spread, Zero, and Standard Cent accounts within this framework operate without incorporating swap credits or debits.
There are two levels of swap-free status, with the Extended Swap-free option extending the exemption from overnight swaps to a broader range of trading symbols.
However, Vietnamese traders must recognize that swap-related fees can still apply to alternative financial instruments. Exness monitors trading activities with vigilance to prevent improper use of the swap-free status.
Furthermore, this meticulous monitoring ensures the offering’s integrity and the maintenance of its intended principles.
Can I open a VND Account with Exness?
Yes, you can register any live trading accounts, except Standard Cent, with VND as your account base currency.
Can I pay the Exness minimum deposit in VND?
Yes, Exness allows all currencies because the minimum deposit is converted to the trader’s account base currency.
Exness Vs Pepperstone Vs JustMarkets – Broker Comparison
| Exness | Pepperstone | JustMarkets | |
| ⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB | FSA |
| 📱 Trading Platform | MetaTrader 4 MetaTrader 5 Exness App Exness Terminal | MetaTrader 4 MetaTrader 5 cTrader TradingView Myfxbook DupliTrade | MetaTrader 5 MetaTrader 4 JustMarkets App |
| 💰 Withdrawal Fee | No | No | None |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | $10 / 2, 44450 | $0 / 0 VND | $10 / 2, 44450 |
| 📊 Leverage | Unlimited | 1:400 | Up to 1:3000 |
| 📊 Spread | Variable, from 0.0 pips | Variable, from 0.0 pips | From 0.0 pips |
| 💰 Commissions | From $0.1 per side, per lot | From AU$7 | $3 units per lot/side |
| ✴️ Margin Call/Stop-Out | 60%/0% | 90%/20% | 40%/20% |
| 💻 Order Execution | Market | Market | Market |
| 💳 No-Deposit Bonus | No | No | Yes |
| 📊 Cent Accounts | Yes | No | Yes |
| 📈 Account Types | Standard Account Standard Cent Account Raw Spread Account Zero Account Pro Account | Standard Account Razor Account | MetaTrader 4 Standard Cent Account MetaTrader 4 Standard Account MetaTrader 4 Pro Account MetaTrader 4 Raw Spread Account MetaTrader 5 Standard Account MetaTrader 5 Pro Account MetaTrader 5 Raw Spread Account |
| ⚖️ SBV Regulation | No | No | No |
| 💳 VND Deposits | Yes | No | Yes |
| 📊 Vietnam Dong Account | Yes | No | No |
| 👥 Customer Service Hours | 24/7 | 24/5 | 24/5 |
| 📊 Retail Investor Accounts | 5 | 2 | 7 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 📉 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | Unlimited | 100 lots | 100 lots |
| 💰 Minimum Withdrawal Time | Instant | 1 business day | Instant |
| 📊 Maximum Estimated Withdrawal Time | Up to 72 hours | Up to 7 business days | 10 bank days |
| 💸 Instant Deposits and Instant Withdrawals? | Yes | No | Yes |
Trading Platforms
The broker offers Vietnamese Traders a choice between these trading platforms:
➡️ MetaTrader 4 on mobile, desktop, and web terminals
➡️ MetaTrader 5 on mobile, desktop, and web terminals
➡️ Exness App
➡️ Web Terminal
Desktop Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
MetaTrader 4
MetaTrader 4 (MT4) is a trading platform offered by Exness for trading currency pairs and other financial instruments via contract for differences (CFDs). Here are some of the key features that Vietnamese traders can expect:
- Trade CFDs have six pending orders categories and two execution types: Instant Execution and Market Execution.
- The platform provides 30 built-in technical indicators and 23 analytical objects for effective market analysis.
- Traders can automate their trading and analytical operations using Expert Advisors (EAs).
- All communications between the server and the MT4 platform are encrypted with 128-bit keys to protect sensitive data.
MetaTrader 5
MetaTrader 5 (MT5) is an advanced variant of the MT4 platform that provides traders with additional timeframes, order types, and tools. Here are a few features that Vietnamese traders can expect from Exness’ MT5:
- MT5 provides more timeframes than MT4, enabling a more comprehensive analysis.
- Traders can directly remain current on major economic events through the platform’s economic calendar.
- MT5 offers more order types, allowing traders to execute their strategies flexibly.
- Depth of Market provides information regarding the current market conditions, enabling traders to make informed decisions.
Terminal
Exness’ web terminal is user-friendly and is perfect for beginners who want to start trading forex. In addition, the straightforward and uncomplicated design of Exness facilitates effortless navigation and productive instrument exploration.
The Exness Terminal includes TradingView displays with various indicators and drawing tools, allowing traders to conduct effective market analysis.
In addition, traders can easily establish stop levels based on percentages, account currency, or price, augmenting the system’s overall usability and efficacy.
Exness App
The Exness App is a mobile trading platform designed specifically for traders on the go, with some of these key features:
- The Exness app is designed for novice and seasoned traders alike.
- Traders can receive market data and news in real time.
- Traders can expect enhanced security features to guarantee the safety of trading and fund transfers.
- Vietnamese traders can trade multiple financial instruments, including forex, commodities, and indices.
Can I use the Exness app on my Android tablet?
Yes, you can. Exness’ app is available on Android and iOS devices.
Can I use charting on MetaTrader 5 mobile?
Yes, MetaTrader 5 mobile supports charting, allowing you to analyze market trends and make informed trading decisions directly from your mobile device.
Range of Markets
Vietnam Traders can expect the following range of markets:
➡️ Forex Major Pairs
➡️ Forex Minor Pairs
➡️ Forex Exotic Pairs
➡️ Metals
➡️ Cryptocurrencies
➡️ Energies
➡️ Precious Metals
➡️ Stocks
➡️ Indices
Financial Instruments and Leverage offered
| 🔨 Instrument | 📱 Number of Assets Offered | 📈 Max Leverage Offered |
| Forex | 100 | Equity 0 – 999: Unlimited 0 – 4,999: 1:2000 5,000 – 29,999: 1:1000 30,000+: 1:500 |
| Precious Metals | 4 | Equity 0 – 999: Unlimited 0 – 4,999: 1:2000 5,000 – 29,999: 1:1000 30,000+: 1:500 |
| Indices | 11 | 1:400 (US30, US50, USTEC) 1:200 All other Indices |
| Stocks | 100+ | 1:20 |
| Cryptocurrency | 27 | 1:25 |
| Energies | 2 | 1:200 |
Broker Comparison for a Range of Markets
| 🥇 Exness | 🏅 Pepperstone | 🥉 JustMarkets | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | Yes | No |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | No | Yes | Yes |
| ➡️️ Options | No | No | No |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | No | No | No |
What is the spread of Bitcoin with Exness?
The spread is typically 193 pips on the Zero Account, but can change according to the market conditions when you trade.
Can I trade VND CFDs with Exness?
No, Exness does not offer any Vietnamese forex pairs or CFDs.
Trading and Non-Trading Fees
Spreads
Variations in spreads imposed on traders depend on the specific account type, with each account specifically designed to meet the needs of specific trader profiles.
Following is a breakdown of typical spreads for a variety of financial instruments based on the respective account types:
| 💰 EUR/USD | 💰 XAGUSD | 💰 BTC/USD | 💰 US Oil | 💰 AAPL | 💰 USTEC | |
| ➡️ Standard Account | 1 pip | 3.8 pips | 496 pips | 9.5 pips | 0.9 pips | 55 pips |
| ➡️ Standard Cent Account | 1 pip | 3.8 pips | – | – | – | – |
| ➡️ Raw Spread Account | 0 pips | 1.9 pips | 193 pips | 4.4 pips | 0.5 pips | 10 pips |
| ➡️ Zero Account | 0 pips | 0.1 pips | 193 pips | 2.3 pips | 0.3 pips | 8.5 pips |
| ➡️ Pro Account | 0.6 pips | 2.4 pips | 310 pips | 5.9 pips | 0.6 pips | 34 pips |
Commissions
A flat rate commission is imposed on some accounts to guarantee that the broker is compensated for the services provided in facilitating the deal. In this case, the commissions are levied on the following accounts:
➡️ Raw Spread Account – Up to $3.50 per side, per lot
➡️ Zero Account – From $0.1 per side, per lot
Overnight Fees, Rollovers, or Swaps
While holding positions overnight, traders may expect to incur expenses that vary based on a range of factors, including the financial instrument being held, the length of time spent holding it, the size of the position, and the interbank rates at the time.
The following are some examples of typical overnight fees that Vietnam traders should expect:
➡️ EUR/USD – a long swap of -0.63356 pips and a short swap of 0.14698 pips
➡️ XAG/USD – a log swap of -0.0857 pips and a short swap of -0.0597 pips
➡️ US OIL – a long swap of 0.65 pips and a short swap of -3.9 pips
Deposit and Withdrawal Fees
There are no fees associated with deposits or withdrawals. However, payment providers could impose fees that Exness is not liable for and must be paid by traders.
Inactivity Fees
There are no fees charged on any inactive accounts.
Currency Conversion Fees
Traders incur currency conversion fees whenever they conduct transactions in a currency other than their account’s primary currency. Notably, the availability of a VND-denominated Exness account eliminates these fees for traders. funds in BWP, they could face currency conversion funds.
Does Exness charge fixed or variable spreads?
Exness charges variable or floating spreads, which means the spreads will change according to the account type, instrument, and market conditions.
How does Exness calculate overnight fees on instruments?
Exness’ formula for calculating overnight fees is: Swap Interest = Lots x Contract Size × Pips × Short or Long Swap × Total Days.
Deposits and Withdrawals
offers Vietnamese traders the following deposit and withdrawal methods:
- BinancePay
- Bitcoin
- Debit Card
- Credit Card
- Internet Banking
- Skrill
- Neteller
- Perfect Money
- SticPay
- USD Coin (ERC20)
- USD Coin (TRC20)
- Tether (USDT ERC20)
- Tether (USDT TRC20)
- WebMoney
- Mybux
- Ozow
- SnapScan
Comparison: Deposit and Withdrawals
| 🥇 Exness | 🏅 Pepperstone | 🥉 JustMarkets | |
| Minimum Withdrawal Time | Instant | 1 business day | Instant |
| Maximum Estimated Withdrawal Time | Up to 72 hours | Up to 7 business days | 10 bank days |
| Instant Deposits and Instant Withdrawals? | Yes | No | Yes |
Payment Method, Minimum Deposit and Withdrawal, and Processing Times
| 💰 Payment Method | 🔁 Deposit Processing | 💳 Withdrawal Processing | 💸 Min Deposit | 📉 Min Withdrawal |
| BinancePay | 30 minutes | 30 Minutes | $10 | $1 |
| Bitcoin | Up to 72 hours | Up to 72 hours | $10 | $10 |
| Debit Card | Instant | Up to 72 hours | $10 | $3 |
| Credit Card | Instant | Up to 72 hours | $10 | $3 |
| Internet Banking | Instant | Up to 72 hours | $10 | $4 |
| Skrill | Instant | Instant | $10 | $10 |
| Neteller | Instant | Instant | $10 | $4 |
| Perfect Money | Instant | Instant | $50 | $2 |
| SticPay | 30 minutes | 30 Minutes | $10 | $1 |
| USD Coin (ERC20) | 24 hours | 24 hours | $10 | $100 |
| USD Coin (TRC20) | 24 hours | 24 hours | $10 | $10 |
| Tether (USDT ERC20) | 24 hours | 24 hours | $10 | $100 |
| Tether (USDT TRC20) | 24 hours | 24 hours | $10 | $10 |
| Tether (USDT OMNI) | 24 hours | Up to 72 hours | $10 | $100 |
| WebMoney | None | Instant | None | $1 |
| Ozow | Instant | None | $10 | None |
| SnapScan | 30 Minutes | – | $10 | – |
How fast are Exness withdrawals?
Most withdrawals are processed within a few seconds.
Can Vietnamese traders deposit from/withdraw to local banks with Exness?
Yes, Vietnamese traders can deposit from their local bank account and withdraw their funds back to that source.
How to Deposit Funds
Step 1. Log In
Head over to Exness’ official website and log in to your Personal Area. If you don’t have an account yet, you can create a new account first.
Step 2. Deposit
Once you’re logged in, click “Deposit” on the side menu.
Step 3. Preferred Payment
Choose your preferred payment method.
Step 4. Enter Your Information
Enter your account number in Exness, currency, and deposit amount. Once you’re done, click “Next”.
Step 5. Confirm Payment
Double-check the deposit details and click “Confirm Payment”.
Your browser will be redirected to your payment provider. Follow the instructions on the screen and accept the payment request (this may be different for each payment method). After that, your funds will be processed and reflected in your account as soon as possible.
Does Exness charge any fees for depositing funds into my trading account?
Generally does not charge fees for depositing funds into trading accounts.
How long do Exness Deposits take?
Deposits using banking cards, internet banking, and many payment gateways are processed instantly. However, other methods like BinancePay, Bitcoin, other crypto, and payment gateways can take up to 72 hours.
Fund Withdrawal Process
Step 1. Log In
Head over to Exness’ official website and log in to your Personal Area. If you don’t have an account yet, you can create a new account first.
Step 2. Withdraw
Click the “Withdraw” button on the side menu on the left side.
Step 3. Payment Methods
Choose from the available payment methods.
Step 4. Click Next
Enter your account number in Exness, currency, and withdrawal amount in USD. Then, click “Next”.
Step 5. Confirm Payment
Check the details of your withdrawal request and enter the code received by SMS. Click “Confirm Payment”.
Enter the credentials of your target account such as bank name and account name, and complete the transaction. Your funds will be transferred as soon as possible.
Does Exness have bank accounts in Vietnam where funds are kept?
No, Exness does not have segregated accounts with banks in Vietnam but keeps these funds in segregated accounts with other top-tier banks worldwide.
What should I do if my Exness withdrawal takes longer than expected?
If you have withdrawal issues, you can contact Exness directly. Exness’ Vietnamese support is online on live chat 24/7 to help.
Education and Research
Exness offers the following Educational Materials to Vietnamese traders:
- Exness Academy
- Webinars
- Educational Videos
- Articles
Research and Trading Tool Comparison
| 🥇 Exness | 🏅 Pepperstone | 🥉 JustMarkets | |
| ➡️ Economic Calendar | Yes | Yes | Yes |
| ➡️ VPS | Yes | Yes | Yes |
| ➡️ AutoChartist | No | Yes | No |
| ➡️ Trading View | Yes | Yes | No |
| ➡️ Trading Central | Yes | No | No |
| ➡️ Market Analysis | Yes | Yes | Yes |
| ➡️ News Feed | Yes | Yes | Yes |
| ➡️ Blog | Yes | Yes | Yes |
Exness also offers Vietnamese traders the following additional Research and Trading Tools:
- Analytical Tools
- Trader’s Calculator
- Economic Calendar
- Currency Converter
- Tick History
- Trading Central WebTV
Does Exness have a demo account?
Yes, Exness has a demo account that is available for 21 days.
Does Exness have tools for trading VIX?
Yes, Exness offers analytical tools, calculators, and several other tools to help Vietnamese traders trade VIX. However, traders must note that Exness does not offer VIX.
Top 10 Forex Brokers
Broker
Rating
Regulators
Min Deposit
Leverage
Website
Top 10 Forex Brokers
Broker
Rating
Min Deposit
Leverage
Bonuses and Promotions
Exness does not currently offer any bonuses or promotions to Vietnam traders.
Does Exness have a deposit bonus?
No, Exness does not have a deposit bonus.
Does Exness have a referral commission?
Yes, Exness offers referral commissions of up to $1,850 under its affiliate program per user who becomes an active client on the platform.
How to open an Affiliate Account with Exness
To register an Affiliate Account, Vietnamese traders can follow these steps:
➡️ Navigate to the official website and hover over the “More” tab at the top of the toolbar.
➡️ Select “Partnership Program” from the list of options.
➡️ Click on the “Start Now” banner.
➡️ Complete the registration if you have not yet registered for the client area, or sign in.
➡️ Complete the Affiliation registration form and submit it for review.
➡️ Once your application is completed you can access the comprehensive affiliate package that Exness offers.
Affiliate Program Features
The broker is an industry leader in terms of appealing and regularly scheduled payouts. The broker provides its partners compensation of up to $1,770 for each referred customer that becomes an active client.
Exness pays for both initial deposits (CPA) and leads (CPL), with CPA, defined as follows:
➡️ The broker pays up to $1,770 based on the platform, the referrer’s place of residence, and the amount of their initial deposit with a $10 minimum.
➡️ Exness welcomes traffic from more than 40 countries globally
➡️ The broker provides regular monthly payouts and extra incentives for the greatest overall performance.
The CPL plan provides the following benefits:
➡️ Up to $25 per registration, based on the referred user’s country of residence and the platform they employ.
➡️ The payout will rise according to the registration rate.
➡️ Exness welcomes visitors from more than 40 countries worldwide.
➡️ There are solid and consistent monthly payouts.
➡️ Optional bonuses are available for the greatest overall performance.
➡️Vietnam must note that they need to contact the Exness Affiliate Department to pick this plan.
How long until my Exness affiliate account is approved?
Your affiliate account should be approved within a day or two, depending on when you applied.
Does Exness have a sub-affiliate program?
Yes, Exness has a sub-affiliate program that rewards participants up to $45 for each referral registration.
Customer Support
Traders joining Exness will find that the broker has award-winning, dedicated, and prompt customer support through several communication channels.
| Customer Support | Exness’ Customer Support |
| ⏰ Operating Hours | 24/7 |
| 🗣 Support Languages | Multilingual |
| 🗯 Live Chat | Yes |
| 📧 Email Address | [email protected] |
| ☎️ Telephonic Support | Yes |
| 📞 Local Support in Vietnam? | 5/5 |
Is Exness based in Vietnam?
No, Exness is based in Cyprus with offices in South Africa, the United Kingdom, and Seychelles.
How quickly does Exness live chat answer?
Exness live chat is quick to respond, with responses taking less than 5 minutes.
Corporate Social Responsibility
Exness exhibits its commitment to corporate social responsibility (CSR) by making financial and in-kind contributions to local non-profit groups that address various social and humanitarian challenges. These projects reflect Exness’ purpose of encouraging constructive social change.
Exness’ CSR approach emphasizes inclusivity and diversity, building an equitable work environment internally while expanding programs that encourage diversity, equality, and employee well-being. This dedication extends beyond Exness’ borders, affecting the communities in which it operates.
Exness demonstrates its commitment to social responsibility by focusing its CSR efforts on education, environmental sustainability, community support, and inclusivity. These efforts seek to create a more compassionate and long-term environment for all.
Our Verdict
In our experience, With its global presence and offerings tailored to Vietnamese traders, Exness has unquestionably carved out a niche in the highly competitive world of forex trading.
The platform’s commitment to transparency is commendable, as evidenced by its transparent fee structures and real-time data.
Furthermore, according to our research, Exness’ integration with MetaTrader 4 and MetaTrader 5, two of the most renowned trading platforms, ensures that both novice and seasoned traders enjoy a seamless trading experience.
However, Exness has limitations, as do all other platforms. While it offers a multitude of instruments, traders searching for a broader selection of assets may find it somewhat limiting.
In addition, the platform’s emphasis on forex may not appeal to investors seeking various investment opportunities.
The platform’s comprehensive security measures, user-friendly interface, and devoted customer service make it a trustworthy option for Vietnamese traders.
In addition, Exness offers a balanced combination of tools and resources to help you navigate the financial markets, whether you are a novice trader or a seasoned investor.
Before committing fully, we recommend conducting your own investigation and perhaps beginning with a demo account to get a feel for the platform.
You might also like: AvaTrade Review
You might also like: AAAFx Review
You might also like: FXCM Review
You might also like: FxPro Review
You might also like: XTB Review
Pros and Cons
| ✔️ Pros | ❌ Cons |
| The broker has a global presence and has authorization and regulation with market regulators around the globe | There is a limited selection of tradable instruments and only a few asset classes |
| Offers instant withdrawals and deposits | There are only a few funding options offered |
| Vietnam traders have a choice between several dynamic account types | |
| Client fund safety is guaranteed and there is investor protection offered | |
| Offers 24/7 customer support that is both prompt and helpful | |
| There are tight and variable spreads offered with competitive commissions |
Conclusion
Our Review Methodology
For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker.
Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements.
Frequently Asked Questions
How do I sign up for an Exness account?
Visit the Exness homepage, click the ‘Open an Account’ option, and fill out the required information.
How reliable is Exness as a broker?
Exness is well-known for its dependability, transparency, and respect for regulatory requirements.
What are Exness’ margin requirements?
Exness has different margin requirements depending on the trading instrument and account type.
Is Exness Safe or a Scam?
Exness is a safe broker with Tier-1, 2, and 3 regulations and a trust score of 97%.
Does Exness have VIX 75?
No, Exness does not currently offer Vietnamese traders access to the Volatility 75 index.
Can I use Expert Advisors on Exness?
Yes, you can use Expert Advisors with Exness to automate your trading.
Is Exness regulated?
Yes, Exness is regulated. The FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, and CMA regulate Exness, making it a safe broker even though Exness is not regulated in Vietnam.
How long does it take to withdraw from Exness?
Withdrawals with Exness are from instant or up to 72 hours, depending on the withdrawal method.
Does Exness offer any educational resources?
While Exness provides some instructional tools, traders can also access external reviews and lessons to help them understand the market better.
Does Exness have Nasdaq 100?
Yes, Exness has Nasdaq 100 as a CFD on Indices.
Is it possible to withdraw money from Exness?
Yes, Exness offers traders a variety of withdrawal alternatives, assuring flexibility and ease.
What is the minimum deposit required to trade on Exness?
The minimum deposit for each account type varies. However, some accounts can be opened for as low as $10.
Addendum/Disclosure:
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.
Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all Vietnamese investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.
