In this article, we will talk about 5 best Forex Brokers for traders in Vietnam.
While the State Bank of Vietnam (SBV) oversees the financial market, no domestic forex brokers are licensed by the SBV. Therefore, we recommend considering international brokers regulated by reputable global authorities for fair, efficient, and transparent trading.
Beyond regulatory compliance, we’ve also taken into account customer support, fees, trading platforms, speed of trade execution, and other key factors to identify the best forex brokers for traders in Vietnam.
The following are 5 Best forex brokers in Vietnam.
1. Exness Broker
Assets Available | 5 Asset Classes – Forex, Commodities, Stocks, Indices and Cryptocurrency. |
Regulated By | FSA, CySEC, FCA, FSCA, FSC, FCS, CMA |
No. Of Trading Platforms | 3 Trading Platforms – MetaTrader 4, MetaTrader 5 and Exness trader app |
Leverage | Up to 1:2000 |
Spreads | From 0.0 pips |
Commission | From 0% |
Min Deposit | $10 |
Demo Account | Yes |
Education Provided | Educational videos and articles |
Methods of Payment | Bank cards, global electronic payment systems, and local payment methods |
Open Account |
The Exness broker is a great broker for traders in Vietnam. The Exness broker was founded in 2008 and is headquartered in Cyprus.
This broker is regulated by several financial authorities, including the Central Bank of Curaçao and Sint Maarten (CBCS).
Exness broker offers four main account types for live trading. These are standard account, pro account, zero account, and raw spread account.
The commission and spreads vary based on your account type. For Standard and Pro accounts, there’s no commission at all. The spreads start from 0.2 pips for Standard and 0.1 pip for Pro.
If you’re using the Zero or Raw Spread accounts, spreads kick off at 0 pips. The Zero account charges a commission starting at $0.05 per side per lot, while the Raw Spread account can go up to $3.50 per side per lot.
The Exness broker provide traders with 3 main trading platforms. These are the MetaTrader 4, MetaTrader 5 and Exness trader app.
This broker provides a maximum leverage of 1:2000 depending on financial instrument you are trading.
For customer support, Exness has you covered around the clock. You can reach out to them 24/7 via phone, email, or live chat, ensuring help is always just a call or click away.
To start trading with the Exness broker, you only need a minimum deposit of $10 which is applicable for only for the standard account. To trade with other account types, you require a minimum deposit of $200.
If you are interested in learning more about the Exness broker, check our full review here or watch the video below.
2. Fusion Markets
Assets Available | 5 Asset Classes – Forex, Crypto, Stocks, Commodities, Indices. |
Regulated By | ASIC, VFSC |
No. Of Trading Platforms | 4 Trading Platforms – TradingView, MT4, MT5, cTrader |
Leverage | Up to 1:500 |
Spreads | From 0.0 pips |
Commission | From $0 |
Min Deposit | $0 |
Demo Account | Yes |
Education Provided | Educational Blog |
Methods of Payment | Credit/Debit Cards, Bank Wire Transfer, Neteller, Skrill, PayPal, etc. |
Open Account |
Fusion Markets is another top pick for traders in Vietnam. Founded in 2017 and based in Melbourne, Australia, they’ve quickly gained a solid reputation for their low fees.
The Fusion Markets broker is regulated by several regulators, including the Australian Securities and Investment Commission (ASIC).
This broker provides traders with 4 different account types. These are the zero account, classic account, demo account and the fusion pro account. For the zero account, the spreads start from 0.0 pips and the commission charged is $2.25 per side. For the classic account, the spreads start from 0.9 pips and no commission is charged.
The Fusion Markets broker offers traders 4 main trading platforms. These are TradingView, MetaTrader 4, MetaTrader 5, and cTrader trading platform.
When it comes to customer support, the Fusion markets broker provides traders with 24/7 customer support. Traders can contact the Fusion markets customer support through email, phone and live chat.
This broker provides a leverage of up to 1:500 depending on the financial instrument you are trading.
To start trading with the Fusion markets broker, you don’t require a minimum deposit. If you are interested in learning more about the Fusion Markets broker, check our full review here or watch the video below.
3. BlackBull Markets
Assets Available | 6 Asset Classes – Forex, Commodities, Equities, Indices, Metals and Cryptocurrencies. |
Regulated By | FMA, FSA |
No. Of Trading Platforms | 6 main trading platforms – TradingView, MetaTrader 4, MetaTrader 5, cTrader, BlackBull CopyTrader and BlackBull Invest |
Leverage | Up to 1:500 |
Spreads | From 0.0 pips (depends on account type) |
Commission | From 0% (depends on account type) |
Min Deposit | $0 |
Demo Account | Yes |
Education Provided | Provides basic education including trading tutorials, webinars, etc |
Methods of Payment | Visa, Mastercard, Bank Transfer, Airtm, Crypto, Neteller, Skrill, HexoPay, AMEX, SEPA, Poll, PaymentAsia, Help2Pay, FXPay, FasaPay, China Union pay, Boleto, Beeteller, AstroPay |
Open Account |
BlackBull Markets is another great choice for traders in Vietnam. Established in 2014 and based in Auckland, New Zealand, they’ve built a solid reputation for their reliability and excellent trading conditions.
The BlackBull markets broker is regulated by several financial authorities, including the top tier Financial Markets Authority (FMA).
The BlackBull markets broker provides traders with a range of trading platforms, including our favourite trading platform, the TradingView trading platform.
In addition to the TradingView trading platform, the BlackBull markets broker provide other trading platforms as well. These are the MetaTrader 4 & 5 trading platforms, cTrader, BlackBull copy trader and BlackBull invest.
The BlackBull markets broker provide traders with 3 main account types. These are ECN standard account, ECN prime account and the ECN Institutional account.
For the ECN standard account, the spreads start from 0.8 pips and no commission is charged. For the ECN prime account the spreads starts from 0.1 pips and the commission charged is $6 per lot. For the ECN institutional account, the spreads start from 0.0 pips and the commission charged is $4 per lot.
When it comes to customer service, the BlackBull markets broker provides 24/7 customer support. You can contact the BlackBull markets broker through, phone, email and live chat.
The BlackBull markets broker provide traders with a leverage of up to 1:500.
To start trading with the BlackBull markets broker, you don’t require a minimum deposit. If you are interested in learning more about the BlackBull Markets broker, check our full review here or watch the video below.
4. AvaTrade
Assets Available | 7 Asset Classes – Forex, Crypto, Stocks, Commodities, Indices, ETFs, bonds. |
Regulated By | ASIC, FSCA, FSA, ADGM, FRSA, ISA, CySEC, CBI |
No. Of Trading Platforms | 8 Trading Platforms – TradingView, MT4, MT5, AvaOptions, AvaSocial, DupliTrade and ZuluTrade |
Leverage | Up to 1:400 |
Spreads | Around 0.9 for Majors |
Commission | 0% |
Min Deposit | $100 |
Demo Account | Yes |
Education Provided | Trading courses provided |
Methods of Payment | Credit/Debit Cards, Bank Wire Transfer, Neteller, Skrill, WebMoney, PayPal |
Open Account |
AvaTrade is another great broker that provides brokerage services to traders in Vietnam. AvaTrade broker was founded in Dublin, Ireland in 2006.
AvaTrade boasts a massive global customer base of 400,000, who generate over two million trades every month.
The AvaTrade broker offers traders with 8 different trading platforms. Including the popular MetaTrader 4 and MetaTrader 5 trading platforms.
AvaTrade also offers a mobile trading platform call the AvaTrade Go for traders who prefer mobile trading.
AvaTrade offers 24/5 customer support, making sure help is available when you need it. You can reach their support team via email, phone, or WhatsApp. Simple, straightforward, and effective.
The AvaTrade broker provides traders with 2 main account types. These are the retail trader account and professional trader accounts.
For the retail account, the AvaTrade broker does not charge a commission and the spreads are around 0.9 pips for the Major currency pairs.
The maximum leverage provided by the AvaTrade broker is up to 1:400 for traders in Vietnam.
To start trading with the AvaTrade broker, you require a minimum deposit of $100. If you are interested in learning more about the AvaTrade broker, check our full review here or watch the video below.
5. Pepperstone
Assets Available | 6 Asset Classes – Forex, Commodities, Indices, Shares, ETFs, Cryptocurrency. |
Regulated By | ASIC, FCA, CySEC, DFSA, CMA, SCB, and BaFin |
No. Of Trading Platforms | 5 Trading Platforms – TradingView, MT4, MT5, Pepperstone trading platform, cTrader. |
Leverage | Up to 1:500 |
Spreads | From 0.0 pips |
Commission | From 0% |
Min Deposit | $0 |
Demo Account | Yes |
Education Provided | Guide for beginners |
Methods of Payment | Visa, Mastercard, Bank transfer, BPay, PayPal, Neteller, Skrill |
Open Account |
The Pepperstone broker is also another great broker for traders in Vietnam. This broker was founded in 2010 in Melbourne, Australia.
The Pepperstone broker is regulated by several financial regulators, including the Australian Securities and Investment Commission (ASIC).
Pepperstone provides traders with a variety of account types. The two primary options are the Standard account and the Razor account. Beyond these, they also offer Islamic, Professional, and Premium accounts to cater to different trading needs.
The Pepperstone broker offers traders 5 main trading platforms. These are MetaTrader 4, MetaTrader 5, TradingView, cTrader and the Pepperstone trading platform.
This broker provides traders with 24/7 customer support. Traders can contact the Pepperstone broker through email, phone, WhatsApp and live chat.
For retail clients, the maximum leverage provided by this broker is up to 1:30. For professional clients, the maximum leverage provided is up to 1:500.
To start trading with the Pepperstone broker, traders do not require a minimum deposit, but the Pepperstone broker recommends a deposit of $200.
Our Evaluation Methodology
We assess brokers through a comprehensive rating system that involves examining more than 100 data points across key categories. Our approach includes the following:
- Trust and Regulation – We verify each broker’s regulatory status and licenses to ensure they operate under the supervision of credible financial authorities, ideally tier 1 regulators.
- Cost Analysis – We scrutinise trading fees and compare them against industry standards by setting up and trading within live accounts.
- Platform Performance – We evaluate the trading platforms’ functionality, user interface, and available tools by conducting hands-on testing.
- Instrument Availability – We assess the diversity and range of tradable assets offered by each broker.
- Customer Service – We test the accessibility and competence of customer support by reaching out via various channels.
- Transaction Methods – We review the deposit and withdrawal options, focusing on fees and processing times.
- Account Variety – We analyze the different account types, considering their features, minimum deposit requirements, and execution methods.
- Educational Resources – We examine the quality and breadth of educational materials provided to help traders improve their knowledge and skills.
Conclusion
In this article, we talked about 5 different brokers that are great for traders in Vietnam. All these brokers are regulated and provide great features for traders in Vietnam.
