Best Forex Brokers in Vietnam 2023

Best forex brokers in Vietnam deal with retail investors and large institutional clients. However, the country has yet to have any local broker. Hence, traders need to rely on offshore brokers, which we have mentioned in the forex brokers list in Vietnam. Brokers take positions on either the buying or selling side of a trade and earn commissions for each transaction on behalf of their clients. Brokers also provide risk management services, such as stop-loss orders and margin trading, in addition to automated trading services for their clients.

This article will go through the ways to find the best Vietnam forex brokers based on our comprehensive research.

Best Forex Brokers in Vietnam List:

• FP Markets
• FxPro
• IC Markets
• FBS Markets
• XM
• BlackBull Markets
• HF Markets
• Axi
• Oanda
• Pepperstone

RANK	VISIT BROKER	REGULATION We only list licensed brokers that comply with the requirements of prominent regulatory agencies.	MIN DEPOSIT The minimum amount you need to deposit in order to start trading.	DEPOSIT BONUS	RATING	MAX LEVERAGE Leverage refers to the ratio of securities you can buy for a given payment. The higher the leverage ratio, the higher your buying power (and the higher the risk). For example, a leverage ratio of 500:1 means you can purchase 500 securities, but only pay the equivalent of 1 security valuation. The leverage ratio offered can vary depending on the experience level of the trader.	PAYMENT SYSTEM	SUPPORT	START TRADING
1		ASIC, CySEC, FSP	$100	No Bonus	99 Read Review	1:500		Telephone: +44 28 2544 7780	Open an Account More Information
Pros Excellent education tools Low forex fees Fast account opening Easy funding methods Cons No bonuses Platforms & Devices READ FULL REVIEW
2		FCA, CySEC, FSCA, SCB	$100	No Bonus	94 Read Review	1:100		Telephone: +44 (0) 203 151 5550	Open an Account More Information
Pros Excellent customer service Free deposit and withdrawal Negative balance protection Wide range of platform Cons Inactivity fee High Trading Fees for some CFDs Platforms & Devices READ FULL REVIEW
3		ASIC, CySEC, FSA, SCB	$200	No Bonus	92 Read Review	1:500		Telephone: +248 467 19 76	Open an Account More Information
Pros Low forex fees Fast order execution Analytical training materials 90+ instruments Cons Slow live chat support Non-EU traders don’t get investor protection Platforms & Devices READ FULL REVIEW
4		ASIC, CySEC	$1	100%	91 Read Review	1:3000		Telephone: +35 7251 23212	Open an Account More Information
Pros No withdrawal fee Low stock and stock index CFD fees Negative balance protection No inactivity fee Cons Average forex CFD fees No PAMM accounts Platforms & Devices READ FULL REVIEW
5		ASIC, CySEC, FSC	$5	Up to $5000	90 Read Review	1:1000		Telephone: +501 223-6696	Open an Account More Information
Pros Low withdrawal fees Great educational tools Wide range of leverage Multilingual customer support Cons Non-EU traders don’t get investor protection Lack of weekend customer support Platforms & Devices READ FULL REVIEW
6		FSA	$0	No Bonus	90 Read Review	1:500		Telephone:	Open an Account More Information
Pros 9 base currencies 24/7 technical service Direct market access VPS, FIX API, copy trading Superior trading conditions Cons No negative balance protection Withdrawal fees Platforms & Devices READ FULL REVIEW
7		FCA, DFSA, FSCA, FSA, CMA	$5	100%	88 Read Review	1:1000		Telephone: +44-2030978571	Open an Account More Information
Pros Low spread Controlled by several regulators Numerous deposit and withdrawal Favorable trading conditions Cons Few account currencies Only USD or EUR as base currencies Platforms & Devices READ FULL REVIEW
8		ASIC, FCA	$0	No Bonus	85 Read Review	1:500		Telephone: +61 2 9965 5830	Open an Account More Information
Pros Automatic insurance coverage Low entry threshold Fully digital account opening Low forex fees Cons Limited research tools Only forex and CFD trading Platforms & Devices READ FULL REVIEW
9		CFTC, FCA, ASIC, FSA, MFSA	$0	up to $1000	78 Read Review	1:50		Telephone: 1 212 858 7690	Open an Account More Information
Pros Outstanding research tools Excellent trading platforms Accepts U.S. clients Superior research offerings Cons No account protection for U.S. clients Monthly inactivity fee Platforms & Devices READ FULL REVIEW
10		FCA, ASIC, DFSA	$200	No Bonus	75 Read Review	1:30		Telephone: +1786 628 1209	Open an Account More Information
Pros Digital account opening process Seamless deposit and withdrawal Attractive trading conditions No inactivity fee Cons No cent account Few analytical materials Platforms & Devices READ FULL REVIEW

Can You Trade Forex in Vietnam?

Newbies mostly ask this question. The answer is yes. But it is recommended that you trade via regulated forex brokers in Vietnam who are regulated by foreign regulators such as FCA, CySEC, ASIC, etc. The reason is that these foreign regulators will supervise and regulate all the activities of the forex brokers in countries according to their regulations. Hence, they need to follow the rules when providing service in other countries too.

Why Should Choose a Good Forex Broker for Your Trading?

Choosing the right forex broker for your trading is important and should be considered as carefully as you would when choosing a partner. A good forex broker will provide both conveniences to trade and security in your trades at all times. Not only that, but they also offer personalized account settings tailored to your needs.

Things to Look for When Choosing Best Forex Brokers for Beginners in Vietnam

Trading forex with a broker is not as simple as it's allowed to be. It involves the interaction between a certain number of traders and the result of their trading decisions. What should you expect from your broker? Let's take a look at some necessary features to find the best one for you.

Commissions

One of the main issues when trading online is the fact that you have to pay a considerable amount of commission for every trade. Some Vietnam forex brokers list charge as much as 5-10% for every trade that you make. In order to avoid unnecessary costs, it's important to understand how your forex broker calculates their commissions. There are two main ways in which a broker can calculate your commission: either by charging a fixed fee per single trade or by charging a larger sum for the total amount of trades per month.

Transaction Limits 

It's true that trading with a big forex volume might sometimes mean that you get lower dealing rates than when trading smaller volumes. Best Vietnam forex brokers will offer their clients higher-quality service while also avoiding trading limits. It is important to understand that a trader's position can be affected by him or her when the amount of their trading volume is too high.

This is why it is quite crucial for you to make the right choices when choosing an online forex broker. If you are planning to trade with very high volumes, make sure that you will be able to keep them under your control.

Trading Platforms

A good forex brokerage is going to make you feel at home when it comes to their trading platform. The platform needs to have all the necessary features that you are looking for, so you can use them without any problems.

Payment Methods

When trading forex, your broker needs to offer you all the necessary payment methods that can help you receive your funds. This is why the forex broker needs to have a large number of offered payment methods so that clients will be able to easily claim their winnings and make withdrawals without any inconvenience. It's quite important to make sure that your forex broker of choice offers you the most popular payment methods.

Leverage

Leverage is one of the most important factors when it comes to trading forex. Being able to use a lot of money in a position can mean that your profits will be significant if you make good trades and avoid losing them whenever possible.

Being able to go without a great amount of money in your account also means being able to trade without any major issues. This is why it's worth making sure that you get a great broker when it comes to using leverage.

Available Currencies

It's also important to make sure that your online forex broker is going to offer a wide range of currencies for you to trade with. Not all currency pairs are treated equally, and this is why it's important for you to be able to trade with dozens of different ones. This is why it's always a great idea to see the number of different currencies that a forex broker has on their list because not all brokers have the same amount of them on their platform.

Minimum Deposit

The second last thing you should consider before choosing a forex broker is the minimum deposit required. It's not a requirement for trading with forex, but having a lot of money in your account can be risky for you and for your trading account.

It's advisable to look for an online forex broker in Vietnam who will offer you the option to trade with small amounts and pay attention to their leverage policy. A highly leveraged position can lead to financial loss if it's not used correctly. This is why it's important to know how much leverage you are able to use in different markets and how much money you should invest if you want to try larger leverage.

Customer Service

Last but not least, it's important to make sure that your online forex broker is going to have great customer service for you to contact whenever necessary. Try to get in touch with customer service representatives and see how they are going to respond. Do they answer your questions within a short period? Are they polite when answering your questions? Also, don't be curt with them. Remember that customer support agents can tell if you are rude to them or not, which will affect your trading experience negatively. If a broker offers you great customer service, this is definitely a plus for that particular broker.

Final Words

Forex trading in Vietnam can be a very profitable business. However, before you start looking for the right broker for yourself, it's important to find out what sort of forex strategies are more profitable and which ones aren't. And the best forex brokers in Vietnam can get these for you.

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