Best Forex Brokers in Vietnam for 2024

Last updated Jul 4, 2024

We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the Top 10 Forex brokers in Vietnam based on our analysis:

  1. 1
    Roboforex Logo
    Roboforex - Best Forex broker in Vietnam - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts.
  2. 2
    FxPro Logo
    FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools.
  3. 3
    AMarkets Logo
    AMarkets - A wide range of trading assets. Extensive analytical capabilities using modern tools and trading robots. No commissions on many operations.
  4. 4
    Deriv Logo
    Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure.
  5. 5
    Admirals Logo
    Admirals - Low trading fees. Wide range of payment methods. Extensive analytical resources.
  6. 6
    FXOpen Logo
    FXOpen - Wide range of trading assets. Low spreads and commissions. Support for various trading platforms.
  7. 7
    HF Markets Logo
    HF Markets - Regulated by reputable financial authorities. Wide selection of trading assets. A variety of educational materials and analytical reviews.
  8. 8
    FBS Logo
    FBS - Regulated by major international organizations. Low spreads and commissions. Wide range of trading assets.
  9. 9
    Libertex Logo
    Libertex - Regulated Broker. Tight spreads and attractive trading conditions. Wide selection of trading assets.
  10. 10
    Grand Capital Logo
    Grand Capital - Diversity of trading account types. Tight spreads. A wide range of trading assets.

The Forex market in Vietnam is experiencing significant expansion, driven by several reputable brokers providing diverse trading platforms and benefits. Our team has diligently researched and curated a comprehensive list of the Best Forex Brokers in Vietnam, specifically tailored for beginners. This list is crafted to assist you in selecting a broker that aligns with your trading preferences, ensuring the safety and integrity of your investments.

List of the Best Forex Brokers in Vietnam in 2024

1
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2009
Minimum Deposit
$10
2
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2006
Minimum Deposit
$100
3
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2007
Minimum Deposit
$100
4
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2020
Minimum Deposit
$1
5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2001
Minimum Deposit
$1
6
Register58-60% of retail investors lose money when trading CFDs with this broker
Foundation Year2004
Minimum Deposit
$1
7
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2009
Minimum Deposit
$1
8
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2007
Minimum Deposit
$5
9
Register74.91% of retail investors lose money when trading CFDs with this broker
Foundation Year1996
Minimum Deposit
$10
10
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2006
Minimum Deposit
$10

Our team has meticulously evaluated numerous companies to identify the most reliable and user-friendly platforms for Forex trading in Vietnam. This page offers comprehensive reviews of the top Vietnamese Forex brokers, aimed at helping you make an informed decision. Each review provides an in-depth analysis of a broker, enriched with genuine feedback from Forex traders who have firsthand experience with their services. Whether you are new to the Forex market or seeking the ideal partner to navigate the financial markets, our detailed reviews will help you avoid common pitfalls and guide you toward the best online trading platform that aligns with your financial goals in 2024.

1. RoboForex

Roboforex Logo
1
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesStocksETFPrecious MetalsEnergy CarriersSoft CommoditiesFutures
Trading Platforms
MetaTrader 5MetaTrader 4R WebTraderR MobileTraderR StocksTrader
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип AdvCash
Логотип Perfect Money
Логотип Касса24
Логотип SEPA
Логотип Visa
Логотип Mastercard
Логотип JCB
compare Roboforex trading accounts

RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.

Pros and Cons of Roboforex

Pros

  1. A variety of trading platforms.
  2. Over 12,000 trading assets.
  3. Different types of trading accounts.
  4. Competent 24/7 customer support.
  5. Loyalty programs and bonus offers for clients.
  6. Low spreads and fees.

Cons

  1. Regulation in an offshore jurisdiction.
  2. Beginner traders may find a lack of educational materials.

2. FxPro

FxPro Logo
2
4.4/5
FxPro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4FxPro EdgeMetaTrader 5cTrader
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип Perfect Money
Логотип Swift
Логотип SEPA
Логотип Visa
Логотип Mastercard
Логотип Maestro
Логотип UnionPay
compare FxPro trading accounts

FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.

Pros and Cons of FxPro

Pros

  1. Various trading platforms.
  2. A diverse range of available markets and products.
  3. Multiple analytics tools.
  4. Extensive educational materials.

Cons

  1. An inactivity fee.
  2. Absence of cent accounts and services for copying trades.

3. AMarkets

AMarkets Logo
3
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksBondsPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 5MetaTrader 4
Deposit/withdrawal:
Логотип Perfect Money
Логотип Neteller
Логотип FasaPay
Логотип Bank Transfer
Логотип Система быстрых платежей (СБП)
Логотип Visa
Логотип Mastercard
Логотип Мир
Логотип HUMO
compare AMarkets trading accounts

AMarkets is a versatile broker offering a full range of services in the Forex market. It enables independent trading and investing funds in copy trading with equal success.

Traders can access several accounts with low spreads, permitted scalping, and fast trade execution. Up-to-date analytics, valuable services, and rapid fund withdrawal support a stable technical platform.

Investors who are not keen on engaging in independent trading can still achieve significant profits by copying the trades of successful traders. Building a portfolio is time-efficient and offers the possibility of passive income.

Pros and Cons of AMarkets

Pros

  1. A wide range of trading assets.
  2. Extensive analytical capabilities using modern tools and trading robots.
  3. No commissions on many operations.
  4. Convenience and simplicity of opening an account and managing it.

Cons

  1. Not the most extensive educational materials.
  2. On some assets, spreads are higher than those of competing Forex brokers.

4. Deriv

Deriv Logo
4
4.3/5
Deriv review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksETFPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 5Deriv XcTrader
Deposit/withdrawal:
Логотип FasaPay
Логотип Perfect Money
Логотип Skrill
Логотип Neteller
Логотип WebMoney
Логотип PaySafeCard
Логотип Jeton
Логотип SticPay
Логотип Airtm
Логотип Boleto
Логотип Paylivre
Логотип OnlineNaira
Логотип Beyonic
Логотип AstroPay
Логотип 1foryou
Логотип AdvCash
Логотип Swift
Логотип Visa
Логотип Mastercard
Логотип Maestro
Логотип Diners Club
Логотип JCB
Логотип PayTrust88
Логотип Help2pay
Логотип DragonPhoenix
Логотип ZingPay
Логотип Ngan Luong
Логотип Trustly
compare Deriv trading accounts

Deriv is an appealing choice for a wide array of traders, particularly those who are just beginning or are at an intermediate level. Its user-friendly approach, diverse platforms, and low-cost structure make it ideal for individuals seeking a straightforward trading experience. While it may not fully satisfy the needs of highly advanced traders due to some limitations in educational and analytical resources, Deriv's overall offering is solid, making it a reliable and accessible broker for most trading requirements.

Pros and Cons of Deriv

Pros

  1. Simple and fast account opening process.
  2. A wide variety of account types cater to different trading needs.
  3. Low commission structure.
  4. A wide range of trading platforms.
  5. High-quality technical support with fast and effective responses.

Cons

  1. Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
  2. Educational materials are confined to a blog and lack comprehensive learning resources.

5. Admirals

Admirals Logo
5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesPrecious MetalsEnergy CarriersSoft CommoditiesCryptocurrencyStocksETF
Trading Platforms
MetaTrader 4MetaTrader 5
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип Perfect Money
Логотип Swift
Логотип Visa
Логотип Mastercard
compare Admirals trading accounts

The broker Admirals is suitable for a broad spectrum of traders. With its strict regulation, various account types, and a competent set of educational and analytical materials, this broker provides high-quality services for novice and experienced traders.

Beginners seeking detailed educational resources and support will undoubtedly appreciate this broker. Experienced traders will also find it beneficial due to competitive trading commissions, abundant tools for analysis and trading, and the convenience of the depositing and withdrawal process.

Pros and Cons of Admirals

Pros

  1. Low trading fees.
  2. Wide range of payment methods.
  3. Extensive analytical resources.
  4. A rich collection of educational materials.

Cons

  1. Inactivity fee.
  2. Some users complain about the intrusiveness of the support service.

6. FXOpen

FXOpen Logo
6
Register58-60% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Regulators:
Trading Assets
ForexPrecious MetalsIndicesStocksETFCryptocurrencyEnergy Carriers
Trading Platforms
MetaTrader 4MetaTrader 5TickTraderTradingView
Deposit/withdrawal:
Логотип WebMoney
Логотип AdvCash
Логотип FasaPay
Логотип Visa
Логотип Mastercard
Логотип JCB
Логотип Discover
compare FXOpen trading accounts

FXOpen is a highly regulated broker with licenses from leading international bodies, which guarantees the safety of investments and compliance with strict standards. The broker offers a wide range of trading instruments, allowing traders to diversify their portfolios. Low spreads and commissions make FXOpen an attractive choice for those looking for a cost-effective trading environment. The availability of various platforms gives traders the flexibility to choose a trading instrument.

FXOpen is ideal for experienced traders who can analyze the market independently and make informed trading decisions without significant educational support. The broker is especially attractive to those who seek variety in trading tools and prefer to use advanced trading platforms.

Pros and Cons of FXOpen

Pros

  1. Wide range of trading assets.
  2. Low spreads and commissions.
  3. Support for various trading platforms.

Cons

  1. Lack of educational materials.

7. HF Markets

HF Markets Logo
7
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexStocksIndicesBondsETFCryptocurrencyPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4MetaTrader 5WebTrader
Deposit/withdrawal:
Логотип Skrill
Логотип Perfect Money
Логотип FasaPay
Логотип BitPay
Логотип Bank Transfer
Логотип Visa
Логотип Mastercard
compare HF Markets trading accounts

HF Markets is a reliable and appealing Forex broker, offering a wide selection of trading assets, a variety of account types, and access to the popular trading platforms MetaTrader 4 and MetaTrader 5. With its regulation and industry experience, the company has earned a reputation as a dependable partner for traders of varying experience levels.

HF Markets is recommended for those seeking a trustworthy and vetted broker with favorable trading conditions and customer support.

Pros and Cons of HF Markets

Pros

  1. Regulated by reputable financial authorities.
  2. Wide selection of trading assets.
  3. A variety of educational materials and analytical reviews.

Cons

  1. There is no alternative to MetaTrader.
  2. High swaps and wide spreads.

8. FBS

FBS Logo
8
4.3/5
FBS review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesStocksCryptocurrencyPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 4MetaTrader 5FBS Trader
Deposit/withdrawal:
Логотип Neteller
Логотип Skrill
Логотип Perfect Money
Логотип SticPay
Логотип Visa
Логотип Mastercard
Логотип Maestro
compare FBS trading accounts

FBS is a reliable choice for traders who value a secure and regulated trading environment, complemented by a robust selection of educational resources and trading tools. It is particularly well-suited for those new to trading or looking to expand their knowledge and experienced traders focusing on a diverse range of assets. Despite its limitations in account types and currency options, FBS's strengths in providing competitive trading conditions and comprehensive support make it a commendable broker for a broad spectrum of traders.

Pros and Cons of FBS

Pros

  1. Regulated by major international organizations.
  2. Low spreads and commissions.
  3. Wide range of trading assets.
  4. Extensive database of educational materials and analytical tools.
  5. Support for various trading platforms.

Cons

  1. Limited choice of trading accounts.
  2. Limited choice of account currency.

9. Libertex

Libertex Logo
9
Register74.91% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexStocksCryptocurrencyETFPrecious MetalsEnergy CarriersSoft CommoditiesIndicesBonds
Trading Platforms
LibertexMetaTrader 4MetaTrader 5
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип Jeton
Логотип WebMoney
Логотип VLoad
Логотип Bank Transfer
Логотип Visa
Логотип Mastercard
Логотип Maestro
compare Libertex trading accounts

Libertex is an established broker offering various trading instruments and educational resources. With zero commission on deposits and various analytical tools, this broker can appeal to novice and experienced traders.

Pros and Cons of Libertex

Pros

  1. Regulated Broker.
  2. Tight spreads and attractive trading conditions.
  3. Wide selection of trading assets.
  4. Rich selection of educational materials and analytics.

Cons

  1. High swaps and inactivity fee.
  2. No email address provided for support contact and no chat on the website.

10. Grand Capital

Grand Capital Logo
10
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesETFStocksBondsPrecious MetalsEnergy CarriersSoft CommoditiesCryptocurrency
Trading Platforms
MetaTrader 4WebTraderMetaTrader 5
Deposit/withdrawal:
Логотип Perfect Money
Логотип PayRedeem
Логотип Credit and Debit Cards
compare Grand Capital trading accounts

Grand Capital is a broker that offers a wide range of trading instruments and account types, making it an attractive choice for traders with different strategies and experience. Narrow spreads, especially on major currency pairs, ensure competitive trading conditions and the availability of educational materials that support novice and experienced traders in their development. The 24/7 multi-lingual support ensures that assistance is promptly provided.

Grand Capital will suit traders who appreciate a variety of trading tools and account types, as well as those who actively utilize educational resources to enhance their skills. The broker will be especially attractive for those who prefer to use MetaTrader platforms and are not concerned about the potential risks of the lack of strict regulation.

Pros and Cons of Grand Capital

Pros

  1. Diversity of trading account types.
  2. Tight spreads.
  3. A wide range of trading assets.
  4. Multilingual support 7 days a week, 24 hours a day.

Cons

  1. It is not regulated by leading financial regulators.
  2. High swaps.
  3. Lack of MetaTrader alternatives.

Regulation of Forex Brokers in Vietnam

Forex trading in Vietnam is legal and widely accessible. However, it is important to note that Forex brokers in Vietnam are regulated by the State Securities Commission of Vietnam (SSC), which is responsible for overseeing and enforcing rules for Forex trading. This regulatory body plays a crucial role in establishing a secure and transparent trading environment for investors.

To verify a broker's authorization, traders can use resources provided by the State Securities Commission of Vietnam to check if a Forex broker is regulated and authorized to operate within the region. Additionally, many brokers display their regulatory status on their websites, making it easier for traders to confirm their legitimacy.

How to Choose a Forex Broker in Vietnam?

Finding the right Forex broker is crucial to achieving success in the global currency markets. For traders in Vietnam, several critical factors must be considered to ensure the broker aligns with their trading preferences and needs. The ideal broker should enhance your trading experience and efficiency. Here are important considerations when selecting a Forex broker in Vietnam:

  1. Regulatory Compliance. Verify that the broker is regulated by reputable authorities such as the SSC, FCA, CySEC, or ASIC. This ensures the broker's trustworthiness and adherence to fair trading standards.

  2. Account Types. Choose a broker that offers various account types suitable for your level of experience and investment goals. Whether you are a novice or a seasoned trader, the broker should provide options that cater to your specific requirements.

  3. Trading Platforms. The quality and usability of trading platforms are essential. Opt for a broker that provides intuitive and robust platforms that can enhance your trading activities. Make sure the platform includes all the necessary tools and features for your trading strategy.

  4. Trading Conditions. Evaluate the broker’s trading conditions, including spreads, fees, minimum deposit requirements, and the range of available instruments. Ensure these conditions are favorable and align with your trading strategies.

  5. Customer Support. Examine the quality of customer support, paying attention to their responsiveness and efficiency. The broker should offer multiple communication channels, such as live chat, email, and phone support, to promptly address any inquiries or issues.

Making an informed choice involves carefully considering these factors. Starting with a demo account can be beneficial, allowing you to assess the broker's services and suitability for your trading style without risking real money.

How We Compiled the List of Top Forex Brokers in Vietnam

Our process for identifying the best Forex trading platforms in Vietnam was conducted with meticulous precision and a comprehensive set of criteria:

  1. We began by creating a list of brokers of Forex that met our predefined benchmarks. Each broker was rigorously evaluated through a detailed assessment methodology to impartially analyze their services and operational efficiency.

  2. We prioritized brokers regulated by respected financial authorities such as the SSC, FCA, ASIC, and CySEC. This ensures the brokers operate with transparency and adhere to strict financial standards.

  3. Brokers were assessed based on their trading conditions, including spreads, fees, minimum deposits, and the range of trading instruments available. We also evaluated the quality and usability of their trading platforms, with a preference for those offering popular platforms like MetaTrader 4 and MetaTrader 5, as well as proprietary platforms with advanced features.

  4. The quality of customer support was a crucial factor, focusing on the availability of support in relevant languages and accessible communication channels. Additionally, we considered brokers that offer localized services, such as websites and educational resources tailored to the needs of traders in Vietnam.

  5. Genuine feedback from traders who have used these brokers firsthand was incorporated to provide a well-rounded view of each broker's strengths and weaknesses. This includes aspects like ease of use, customer service experiences, and overall satisfaction.

By following this thorough evaluation process, we ensured that our list of top Forex brokers in Vietnam is reliable and trustworthy, helping traders make informed decisions in the dynamic Forex market.

Conclusion

Choosing the right online broker is critical to success in the Forex market. The broker's trustworthiness, adherence to regulatory standards, favorable trading conditions, and customer support effectiveness are vital factors to consider. Our meticulously curated list of the 10 best Forex brokers in Vietnam is designed to assist you in making this crucial decision. This list includes detailed information and insights from comprehensive research and genuine user reviews. We aim to provide essential guidance to help you select the best broker that aligns with your individual trading needs, setting the stage for financial success and proficient Forex trading in Vietnam.

FAQ

Yes, Forex trading is legal in Vietnam. However, it is important to ensure that you are trading with a broker that is regulated by the appropriate authorities.

How is Forex trading regulated in Vietnam?

Forex trading in Vietnam is regulated by the State Securities Commission of Vietnam (SSC), which oversees and enforces rules to ensure a secure and transparent trading environment.

What are the best Forex brokers in Vietnam?

According to our analysis, the top 3 Forex brokers in Vietnam are RoboForex, FxPro, and AMarkets. These brokers offer competitive trading conditions and provide excellent customer support.

Which Forex broker is suitable for beginners in Vietnam?

For beginners, it is recommended to choose a broker that offers user-friendly platforms, educational resources, and low minimum deposit requirements. Brokers like RoboForex, Libertex, and FBS are often recommended for new traders.

How do I open a Forex account in Vietnam?

To open a Forex account in Vietnam, you need to select a broker, complete their registration process, submit the required identification documents, and deposit funds into your trading account.

Do I need to pay taxes on Forex trading in Vietnam?

Yes, profits from Forex trading are taxable in Vietnam. It is advisable to consult with a local tax professional to understand the specific tax obligations.

Can I trade Forex without a broker in Vietnam?

No, you cannot trade Forex without a broker. Brokers provide the necessary platform and access to the Forex market.

Can I trade VND (Vietnamese dong) with a Forex broker?

Yes, some Forex brokers offer trading pairs that include the Vietnamese dong (VND). Check with your broker to see if they offer VND trading pairs.

How can I verify if a Forex broker is regulated in Vietnam?

You can verify if a Forex broker is regulated by checking the State Securities Commission of Vietnam (SSC) website or by looking for regulatory information on the broker’s official website.

What is the best Forex trading platform in Vietnam?

The best Forex trading platforms in Vietnam include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and proprietary platforms offered by reputable brokers. These platforms are known for their reliability, advanced features, and user-friendly interfaces. For a detailed review of brokers offering MetaTrader 5, you can check our MetaTrader 5 brokers review.

Can I trade with offshore-regulated brokers in Vietnam?

Yes, you can trade with offshore Forex brokers in Vietnam. However, it is crucial to ensure that the broker is regulated by a reputable authority like the FCA, ASIC, or CySEC.

What is negative balance protection in Forex trading?

Negative balance protection ensures that traders cannot lose more money than they have deposited in their trading account, providing an additional layer of security.

How can I verify that my broker has negative balance protection?

You can verify if your broker offers negative balance protection by checking their terms and conditions or by contacting their customer support for confirmation.

What is a compensation scheme in Forex trading?

A compensation scheme is a system that protects traders' funds in the event that a broker becomes insolvent. It ensures that traders can recover their funds up to a certain limit.

How can I verify that my broker is a member of the compensation scheme?

You can verify if your broker is a member of a compensation scheme by checking the broker’s regulatory status and looking for information about compensation schemes on their official website.

What is a segregated fund in Forex trading?

A segregated fund is an account where client funds are kept separate from the broker’s own funds. This practice ensures that client funds are protected in case the broker faces financial difficulties.

How to verify if the broker offers a segregated fund?

You can verify if a broker offers segregated funds by checking their terms and conditions or by contacting their customer support for confirmation.

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

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