Best Forex Brokers in Vietnam
Scam Forex Brokers in Vietnam
5 CFD Trading Platforms in Vietnam
The 5 best CFD Forex Brokers in Vietnam revealed. We have explored and tested several prominent CFD brokers for forex trading in Vietnam to identify the 5 best.
This is a complete guide to the 5 best CFD Forex Brokers in Vietnam.
In this in-depth guide you’ll learn:
- What CFD trading is
- What are the 5 best CFD Forex brokers in Vietnam
- How CFD trading works
- How to choose a CFD Forex broker in Vietnam
- Who the best Forex brokers are in Vietnam
And lots more…
So, if you’re ready to go “all in” with 5 best CFD Forex Brokers in in Vietnam…
Let’s dive right in…
- Lesche Duvenage
CFD Trading Platforms in Vietnam
| 🥇 Broker | 👉 Open Account | ✔️ CFD Trading Platform Broker? | 💰 Minimum Deposit? | 💸 Allows Vietnam Dong Account? |
| Exness | 👉 Open Account | Yes | USD 10 / 244450 VND | Yes |
| XM | 👉 Open Account | Yes | USD 5 / 122225 VND | No |
| AvaTrade | 👉 Open Account | Yes | USD 100 / 2444503 VND | No |
| HFM | 👉 Open Account | Yes | USD 0 / 0 VND | No |
| Pepperstone | 👉 Open Account | Yes | 0 USD / 0 VND | No |
Top 10 Forex Brokers
Broker
Rating
Regulators
Min Deposit
Leverage
Website
Top 10 Forex Brokers
Broker
Rating
Min Deposit
Leverage
What is CFD trading?
CFD trading is a popular type of trading in which you can speculate on the price fluctuations of various financial markets such as stocks, indices, currencies, and commodities without owning the underlying asset.
5 CFD Trading Platforms in Vietnam
- Exness – Top Mobile App in Vietnam
- XM – Overall, Best CFD Trading Platform
- AvaTrade – Top Broker for Beginner Traders
- HFM – Best ECN Broker
- Pepperstone – Top MetaTrader 4/MT4 Broker
1. Exness
Overview
Exness offers an average spread of 0.0 pips, with commissions starting at a low rate of $0.1 per lot, per side.
Exness offers a range of services to cater to the needs of its clients, including the provision of infinite leverage and the accommodation of Muslim clients through the availability of a dedicated account.
Additionally, Exness provides the convenience of a complimentary demo account and the possibility for clients to choose an Islamic account. The trading platforms that are provided with support are MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Exness.
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
Exness provides a trading platform that places emphasis on the security and user-friendliness aspects for traders in Vietnam. This platform is accessible on both the MT4 and MT5 platforms.
Furthermore, consumers are provided with the opportunity to access advantageous trading circumstances, which are distinguished by narrower spreads and the provision of Electronic Communication Network (ECN) accounts.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
| ⚖️ SBV Regulation | No |
| ✔️Trading Accounts | Standard Account Standard Cent Account Raw Spread Account Zero Account Pro Account |
| 💳 Minimum deposit (VND) | $10 / 244450 VND |
| 📈 Trading Platforms | MetaTrader 4 MetaTrader 5 Exness Terminal Exness Trader app |
| 📈 Trading Assets | Forex Metals Crypto Energies Indices Stocks |
| 👥 Social Media Platforms | Instagram YouTube |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Exness offers complimentary hosting services for virtual private servers (VPS). | Novice traders have a scarcity of teaching resources. |
| Furthermore, Exness is subjected to rigorous regulation by multiple recognised organisations. | The range of trading instruments offered by the broker is rather restricted in comparison to its competitors. |
| Exness provides leverage rates that are competitive within the currency market. | |
| In addition, Exness offers customer service support that is available 24 hours a day. This guarantees the continuous accessibility of support for traders in Vietnam. |
2. XM
Overview
Since its establishment in 2009, XM has offered a diverse selection of trading opportunities encompassing foreign currency, commodities, indices, and stock trading. Trading Point of Financial Instruments Pty Ltd. initiated its extensive operating endeavours in the year 2015.
The primary aim of XM is to deliver outstanding and personalised service to each trader in Vietnam. XM offers MetaTrader 4 and 5 as two extensively employed trading platforms.
Overall Rating
- 4.8/5
Min Deposit
USD 5 / 122225 VND
Regulators
IFSC, CySec, ASIC, FCA
Trading Desk
Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform
Crypto
Yes
Total Pairs
57
Islamic Account
Yes
Trading Fees
No (Just spread)
Account Activation
24 Hours
Trading Point of Financial Instruments Ltd. (Cyprus) provides a variety of trading accounts, such as the Shares Account, XM Ultra-Low Account, Standard Account, and Micro Account. The brokerage firm provides its clients with the opportunity to open an Islamic Account.
XM offers trading conditions characterised by a spread of zero pips and a commission structure that starts at a rate of $1 per share. XM offers a variety of account options, including a demo account, an Islamic account, and a normal account, which has a maximum leverage ratio of 1:888.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSCA, IFSC, ASIC, CySEC, DFSA |
| ⚖️ SBV Regulation | No |
| ✔️Trading Accounts | Standard Account Live Account, Base Account, Demo Account, Islamic Account |
| 💳 Minimum deposit (VND) | USD 5 / 122225 VND |
| 📈 Trading Platforms | MetaTrader 4 MetaTrader 5 |
| 📈 Trading Assets | Forex Precious Metals Stock CFDs Indices Individual Shares Cryptocurrency Energies Commodities |
| 👥 Social Media Platforms | Facebook YouTube |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| XM is a reputable online brokerage firm that boasts a substantial membership base of over 5 million individuals. The company has garnered a well-established reputation for conducting its operations inside a resilient regulatory framework. | Clients situated in the United States, Canada, Israel, and Iran are not accepted by XM |
| Investors might find solace in the fact that the platform prioritises safety and implements measures to protect customer assets. | XM does not provide accounts with fixed spreads. |
| Negative balance protection provides a safeguard for investors in retail accounts by mitigating the potential financial losses resulting from market swings. | Retail investor accounts may incur a fee for inactivity. |
| Vietnamese traders have the ability to choose from a variety of account settings and trading interfaces that have been specifically created to cater to the distinct needs of the consumers. | |
| Since its establishment in 2009, XM has garnered several significant accolades, hence substantiating its value within the industry as a whole. | |
| In order to enhance the customer experience, XM has implemented a policy of not imposing any charges for depositing or withdrawing funds. |
3. AvaTrade
Overview
AvaTrade’s Vietnamese customers benefit from a low average spread of 0.9 pips on the EUR/USD currency pair and the lack of commission fees, making the trading market more competitive.
Users of AvaTrade can choose between a demo account and an Islamic account. Retail accounts have a maximum leverage ratio of 1:30, whereas Professional accounts can go as high as 1:400.
Overall Rating
- 4.9/5
Min Deposit
USD 100 / 2444503 VND
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, ISA
Trading Desk
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Traders can choose from a wide variety of financial instruments on AvaTrade. Currency pairs, commodities (including digital currencies), stocks, indices, metals, energy, options, exchange-traded funds, collateralized debt obligations, exchange-traded notes, and other bond and stock market vehicles are all included here.
Over 1,250 products are available for trading on a variety of desktop platforms and mobile apps.
Unique Features
| Feature | Information |
| ⚖️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA |
| ⚖️ SBV Regulation | No |
| ✔️Trading Accounts | Retail Account, Professional Account |
| 💳 Minimum deposit (VND) | 2444503 VND or $100 |
| 📈 Trading Platforms | AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade |
| 📈 Trading Assets | Forex Precious Metals Stock CFDs Indices Individual Shares Cryptocurrency Energies Commodities |
| 👥 Social Media Platforms | Instagram YouTube |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| AvaTrade offers a comprehensive selection of more than 1,250 trading instruments across various financial markets. | AvaTrade does not offer variable spreads |
| The company has demonstrated its adherence to regulatory standards in several jurisdictions. | There are only two account options available for selection: a retail account and a business account. |
| Sophisticated investors have access to a diverse range of potent trading tools. | A monthly fee is assessed for accounts that are not active. |
| AvaTrade gives Vietnamese traders competitive trading conditions, as well as the option to open an Islamic account and a demo account for the purpose of familiarising themselves with the platform before to engaging in real money trading. | There could be charges related to the process of converting currencies. |
| Since its establishment, AvaTrade has been the recipient of multiple accolades, thereby garnering the admiration and endorsement of its clientele. | There could be charges related to the process of converting currencies. |
| AvaTrade offer a wide array of social trading choices and trading tactics that are accessible to traders in Vietnam. |
4. HFM
Overview
HFM is a financial organisation that caters to Vietnamese traders by offering a 0-pip spread and a round-turn commission in the range of $6-8.
Trading with a maximum leverage ratio of 1:1000 is permitted at HFM. There are also demo accounts and Islamic accounts available. The HF App is compatible with MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Overall Rating
- 4.8/5
Min Deposit
USD 0 / 0 VND
Regulators
FSCA, CySEC, DFSA, FSA, CMA
Trading Desk
MT4, MT5, HFM Platform (Android & IOS)
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
As a CFD broker, HFM gives its customers the chance to trade in commodities and foreign exchange (FX).
Full-auto trading platforms of any size or qualities can take advantage of HFM’s deep liquidity pools to carry out traders’ chosen trading tactics. The wide variety of spreads and liquidity providers makes this possible.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| ⚖️ SBV Regulation | No |
| ✔️Trading Accounts | Micro Account, Premium Account, HFcopy Account, Zero Spread Account, Auto Account |
| 💳 Minimum deposit (VND) | USD 0 / 0 VND |
| 📈 Trading Platforms | MetaTrader 4 MetaTrader 5 |
| 📈 Trading Assets | Forex, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs |
| 👥 Social Media Platforms | Facebook Telegram YouTube |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| The minimum spread for the EUR/USD currency pair is only 0.9 pips, making it a very competitive offering to Vietnamese traders. | There are limited local withdrawal and deposit options available to Vietnamese traders on HFM. |
| Traders of all experience levels could potentially gain from honing their skills on a simulated trading platform. | |
| With HFM, traders in Vietnam have easy access to the desktop, mobile, and web-based versions of the MetaTrader 4 and 5 platforms, allowing them to trade in a wide variety of assets. |
5. Pepperstone
Overview
When it comes to online trading brokers, Pepperstone is widely considered to be among the best. The company serves clients in more than 170 countries and processes daily transactions totalling $8.3 billion.
Overall Rating
- 4.9/5
Min Deposit
0 USD / 0 VND
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader and TradeView
Crypto
Yes
Total Pairs
60+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
This platform gives traders access to global markets by employing cutting-edge technology to offer competitive spreads and low latency, enabling high-speed execution, and providing award-winning customer service.
Numerous awards have been bestowed upon the broker throughout the years in recognition of its superior trading conditions, outstanding client service, and cutting-edge technology.
Unique Features
| Feature | Information |
| 📈 VND-based Account? | No |
| 📊 Minimum Spread | From 0.0 pips |
| 💳 Vietnam Deposits/Withdrawals | No |
| ⚖️ SBV Regulation | No |
| 📊 Account Types | Standard Account Razor Account Professional Account Demo Account Islamic Account |
| ⚖️ Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
| 📈 Maximum Leverage per region | • Australia – 1:30 • Bahamas – 1:200 • Cyprus – 1:30 • Dubai – 1:30 • Germany – 1:30 • Botswana – 1:400 • United Kingdom – 1:30 |
| 💸 Commissions | None |
| ✅ Margin Close-Out (%) | 50% |
| 🔨 Trading Instruments offered | 1,200+ |
| 💻 Trading Platforms offered | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Pepperstone Markets is the go-to platform for Contracts for Difference (CFD) and FX trading. | Additional fees apply to the Islamic Account, and there are restrictions on trading with accounts denominated in the Vietnamese Dong (VND). |
| When it comes to protecting client funds and advocating for their best interests as investors, Pepperstone has strict protocols in place. | As part of the conversion process to an Islamic Account, traders must show proof of their place of residence due to geographical constraints. |
| Pepperstone Markets accepts Vietnamese traders, and they can use a variety of Vietnamese-friendly deposit and withdrawal methods. | |
| Pepperstone Markets is under the watchful eye of regulators in more than one country. | |
| You can take advantage of favourable market conditions and use a trading platform from any device with a trading account. | |
| Account holders are protected against potential financial loss due to negative balances in retail accounts because to the safeguards in place. | |
| Traders can participate in the market through a variety of channels, including social trading, and a comprehensive affiliate system guarantees the growth of a powerful and efficient network of affiliates. |
How CFD trading works
Buying and selling CFDs is similar to other financial market operations. The first step in trading CFDs is selecting a broker that caters to individual investors. Check out our list of highly recommended CFD brokers to help you make an informed decision.
You can access the platform once you’ve signed up for an account, either through a CFD trading app or directly on the provider’s website. Obviously, you’ll have to wire money to your account.
Similar to a stock trading platform, the platform provides access to analytical tools and market data. You’ll be able to see the CFD tickets, the closing price, the buy and sell prices, and more on the platform.
You can open a position in any CFD you like by clicking on the one you want to trade. If you think the price of the underlying asset will go up, buy a CFD (called “going long”), and if you think it will go down, sell (called “going short”).
A note on CFDs and leverage
Leverage, which allows you to gain access to a greater position size with a lower investment, is a major perk of CFD trading.
CFD leverage can vary widely from broker to broker, trading instrument to trading instrument, and region to region.
Therefore, with a tiny initial investment, you have the same opportunity for gain (or loss) as with a much greater position size. However, caution is necessary when using CFD leverage because it can increase both losses and gains.
CFD trading explained for Vietnamese traders
Trading contracts for difference (CFDs) is a common way to speculate on the price movements of different financial markets like stocks, indices, currencies, and commodities without having to actually own the underlying asset, which can be difficult and expensive.
Investors can speculate on the up or down movement of asset prices through CFD trading without having to actually purchase the asset.
Advantages of trading CFDs
Trade can be made on a wide variety of products. Most CFD providers will allow you to trade Vietnamese equities, for instance, using CFDs.
Only a select few stockbrokers in Vietnam allow investors to purchase actual Vietnamese shares. Access to CFDs is more readily available through brokers than is access to the Vietnamese stock exchange.
Leverage is the second positive aspect. Betting on the stock will provide you significantly better chances than owning the stock itself. It is highly recommended that you thoroughly grasp the risks associated with leveraged CFD transactions before making any investments.
How to choose the best CFD Forex Broker in Vietnam
Vietnamese traders must evaluate the following components of a CFD Forex broker to decide whether the broker is suited to their unique trading objectives and/or needs.
Regulations and Licenses
This is the first important component that traders must thoroughly evaluate. Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others. Vietnamese traders must beware when dealing with brokers that only have offshore regulations such as FSA, SVG BVI, FSC, and others.
Account Features
Account Features include leverage trading and margin requirement, commissions and spreads, initial deposit, additional features on retail investor accounts, and so on.
Deposits and Withdrawals
Vietnamese traders must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits among other trading and non-trading fees.
Range of Markets
The range of markets offered refers to the number and range of tradable instruments that the broker offers. Vietnamese traders must consider what they wish to trade and what is available.
Customer Support
Customer Support is another crucial factor and Vietnamese traders must check the availability of support (trading hours), the quality of support, and the promptness with which the customer support team responds to queries.
Trading Platform
A trading platform is the Vietnamese trader’s portal to the financial markets. Traders must ensure that the trading platform has the necessary technical indicators, fundamental analysis, technical analysis, economic calendar, charting, newsfeed, and other tools they may need.
Education and Research
Education and Research come in handy to both novice traders and experienced investors. Education includes some of the following:
- eBooks
- Trading guides
- Trading knowledge on leveraged products
- A risk warning on complex instruments
- Educational videos
Research can include some of the following:
- Trading tools
- Commentary
- Status of International Markets
- Price movements
- Market sentiments
- Whether there is a volatile market
- Exchange Rates
- Expert opinions and several other resources can help experienced traders make informed trading decisions.
The Best Forex Brokers in Vietnam
In this article, we have listed the best brokers that offer CFD trading to Vietnamese traders. We have further identified the brokers that offer additional services and solutions to Vietnamese traders.
Best MetaTrader 4 / MT4 Forex Broker
Overall Rating
- 4.7/5
Min Deposit
USD 5 / 122225 VND
Regulators
FSC
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
48
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, Alpari is the best MT4 Forex broker in Vietnam. Alpari is a safe option for investors because it is a dependable market maker. Trading times at Alpari are guaranteed to be under a millisecond. Currently, Alpari has more than two million active users.
Best MetaTrader 5 / MT5 Forex Broker
Overall Rating
- 4.9/5
Min Deposit
USD 100 / 2444503 VND
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, ISA
Trading Desk
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, AvaTrade is the best MT5 Forex broker in Vietnam. AvaTrade is one of the most secure CFD and FX brokers in the world since it keeps its customers’ funds in segregated accounts with the top institutions in each jurisdiction.
Best Forex Broker for beginners
Overall Rating
- 4.8/5
Min Deposit
USD 10 / 244450 VND
Regulators
CySec, FCA
Trading Desk
No Trading Desk
Crypto
Yes
Total Pairs
47
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, eToro is the best Forex broker for beginners in Vietnam. Some of the educational tools provided by eToro include practize accounts, updated pricing and analysis, the eToro Academy, and eToro Plus.
Best Low Minimum Deposit Forex Broker
Overall Rating
- 4.9/5
Min Deposit
USD 0
Regulators
ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA
Trading Desk
MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Crypto
Yes
Total Pairs
45
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, Oanda is the best low minimum deposit Forex broker for traders in Vietnam. All levels of currency traders can take advantage of Oanda’s advanced trading platform.
Best ECN Forex Broker
Overall Rating
- 4.8/5
Min Deposit
USD 5 / 122225 VND
Regulators
IFSC, CySec, ASIC, FCA
Trading Desk
Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform
Crypto
Yes
Total Pairs
57
Islamic Account
Yes
Trading Fees
No (Just spread)
Account Activation
24 Hours
Overall, XM is the best ECN forex broker in Vietnam. Prioritizing security, support, funding, and costs while choosing an online trading platform is essential. XM completely satisfies these criteria.
Best Islamic / Swap-Free Forex Broker
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 2444503 VND
Regulators
CySEC, FCA, FSA, FSCA, Labuan FSA
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, Tickmill is the best Islamic / Swap-Free forex broker in Vietnam. Tickmill is a dependable and straightforward broker worthy of the trust of Vietnam’s trading community. This broker is great for a wide range of traders due to its flexible account options, low spreads, and cheap pricing. Tickmill has been certified for use in several places and is translated into many different languages.
Best Forex Trading App
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
Overall, Exness offers the best trading app for traders in Vietnam. Candlestick charts, technical indicators, and even mathematical calculators are all available in the Exness Trader app, providing a solid foundation for any Vietnamese trader.
Best Forex Rebates Broker
Overall Rating
- 4.6/5
Min Deposit
USD 100 (recommended amount USD 1000) / 2444503 VND
Regulators
FCA, CySEC, FSCA, SCB
Trading Desk
MT4
Crypto
Yes
Total Pairs
70
Islamic Account
Yes
Trading Fees
High
Account Activation
24 Hours
Overall, FxPro is the Best Forex Rebates Broker in Vietnam. Located in the United Kingdom, FxPro is a brokerage firm that focuses on providing STP and ECN services to its customers.
Monthly forex cashback refunds of up to 30% may be made available to retail traders as direct transfers into their trading accounts.
Best Lowest Spread Forex Broker
Overall Rating
- 4.9/5
Min Deposit
0 USD / 0 VND
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader and TradeView
Crypto
Yes
Total Pairs
60+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, Pepperstone is the best lowest spread forex broker in Vietnam. Pepperstone’s US dollar euro spreads range from zero to thirty-three basis points. Pepperstone Markets has a long history of success and is among the best trading brokers. Pepperstone’s vast variety of assets, fast transaction executions, and inexpensive trading costs have helped it gain market share.
Best Nasdaq 100 Forex Broker
Overall Rating Min Deposit USD 0 / 0 VND Regulators IGRs Trading Desk MetaTrader 4 Crypto Yes Total Pairs 80 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Overall, IG is the best Nasdaq 100 forex broker in Vietnam. IG is in the top 20 in Vietnam because of its cutting-edge trading tools, wide selection of products, and advantageous market circumstances. IG, a multi-regulated, multi-asset platform, is one of the most reliable online brokers in Vietnam.
Best Volatility 75 / VIX 75 Forex Broker
Overall Rating
- 4.7/5
Min Deposit
USD 200 / 4889007 VND
Regulators
ASIC, CySEC, FSA, SCB
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, IC Markets is the best Volatility 75 / VIX 75 forex broker in Vietnam. IC Markets is well-respected in the industry due to its many regulatory approvals. Vietnamese traders now have access to all global financial markets via IC Markets’ cutting-edge trading platforms.
Best NDD Forex Broker
Overall Rating
- 4.7/5
Min Deposit
USD 10 / 244450 VND
Regulators
FSC, FSA, FSCA
Trading Desk
MetaTrader 4
MetaTrader 5
Crypto
Yes
Total Pairs
83
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, BDSwiss is the best NDD forex broker in Vietnam. When it comes to social media BDSwiss is in a league of its own. BDSwiss is a major supplier and CFD/forex broker around the world, with over 16,000 affiliate accounts and €20 billion in FX trading each month.
Best STP Forex Broker
Overall Rating
- 4.6/5
Min Deposit
USD 25 / 611125 VND
Regulators
FCA UK
Trading Desk
None
Crypto
Yes
Total Pairs
28
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, OctaFX is the best STP forex broker in Vietnam. More than 28 awards have been bestowed for OctaFX. 97.5% of orders are executed without a slip on OctaFX thanks to the adoption of STP (Straight Through Processing) and ECN models, which help to keep trading expenses low.
Best Sign-up Bonus Broker
Overall Rating
- 4.8/5
Min Deposit
USD 0 / 0 VND
Regulators
FSCA, CySEC, DFSA, FSA, CMA
Trading Desk
MT4, MT5, HFM Platform (Android & IOS)
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, HFM is the best sign-up bonus broker in Vietnam. HFM’s trading platform is the best of its kind because of its low price and good quality. The HFM website caters to both novice and seasoned forex traders by allowing them to choose from a variety of account types and asset markets.
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Conclusion
Overall, when thorough research is done a CFD forex broker has the potential to offer Vietnamese traders substantial gains. Traders should have a solid trading strategy and risk management strategy in place before using a CFD trading platform.
Frequently Asked Questions
How much money do you need to trade CFDs?
All Vietnamese traders can day trade in the CFD market if they so choose because it is not constrained by these limitations. Even though the typical minimum deposit requirements are $2,000 and $5,000, accounts can frequently be opened for as little as $10.
Do professional traders trade CFDs?
With CFDs, you run the danger of losing more than you invest while also having the potential to leverage your money to generate gains over your initial outlay. CFD trading is frequently used by experienced market traders, but newcomers are welcome to start with it.
Is CFD trading good for beginners?
For new traders, CFD trading may be appealing, but there is a high risk involved. Beginner traders should first confirm that they are familiar with the fundamentals of CFD trading, such as leverage, margin, and stop-loss orders. Selecting a reliable and licenced CFD broker is also essential.
When should I sell a CFD?
You will “buy” (go long) if you believe the asset’s price will increase, and you will “sell” (go short) if you believe the price will decrease. Your prediction’s outcome will determine whether you turn a profit or a loss.
Do you pay tax on CFDs?
Since you do not own the underlying asset, spread betting and trading contracts for difference (CFDs) are exempt from stamp duty. When trading CFDs, you must, however, pay capital gains tax on your winnings. Learn about our CFD trading fees.
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the financial markets are volatile that could shift and change at any given time, even if the information supplied is correct at the time of going live.
