Best Vietnam Forex Trading Brokers
Vietnam’s economy is widely regarded as one of the fastest-growing in Asia which has been bolstered by its bilateral trade agreement with the US. This agreement has provided a significant boost to the country’s economy, leading to further investment and growth in various sectors including the Forex Market.
Forex Trading Platform in Vietnam
Forex trading is legal in Vietnam, however, it is not yet properly regulated. So, it’s essential for Vietnamese citizens to do thorough research before embarking on Forex trading and choose reliable Trading Platform provided by well-regulated Broker.
- The forex market in Vietnam is not explicitly regulated. However, the State Bank of Vietnam (SBV) does have the authority to oversee and supervise financial institutions, including forex brokers.
- In most cases Vietnam traders may choose international Brokers and their offered platforms, so wide selection of International Platforms is available
- Despite the lack of explicit regulation, traders are advised to select reputable and trustworthy brokers that follow international best practices to ensure a safe and secure trading experience. It’s essential to conduct deep research before engaging in forex trading in Vietnam tominimize potential risks associated with Forex trading and scammers.
For more information on Forex Market visit Wikipedia.
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Forex Regulation in Vietnam
Although Vietnam is facing constant growth in various sectors, the financial sector still lingers and needs amendments. As for Forex trading in Vietnam – it is not regulated, yet it is not illegal either.
The financial sector in Vietnam is mainly overseen by the State Bank of Vietnam (SBV). The official website of the Bank of Vietnam is www.sbv.gov.vn
Here are some essential notes to consider regarding the regulation and trading of Forex in Vietnam:
- Back in 2014, the SBV announced forex trading was illegal in the country. This far Vietnamese legislation has not issued specific regulations for forex trading.
- The lack of explicit regulation has resulted in a less-restricted trading environment, offering flexibility for traders. So is it possible to indulge in forex trading using international brokers, so Vietnam traders have the opportunity to access reputable and trustworthy brokers, yet is necessary to choose those with good regulation and provide a secure trading environment
- The Vietnam Dong (VND) is a highly volatile currency, providing opportunities for traders to make profits from price movements.
- For those who have concerns about the lack of regulation in the Vietnam forex market, it is advisable to trade with brokers that are regulated by strict regulatory bodies such as FCA, ASIC, NFA, and others. While mainly Vietnam trader will open accounts under International Branches of the Regulated Brokers, so important to choose those with additional licenses too and avoid solely offshore based Forex Brokers.
Top 5 Best Forex Brokers in Vietnam
Our list of Vietnam brokers includes Regulated brokers only. Here we select Brokers that accept Vietnamese traders mainly via their international branches, but also hold top-tier licenses. We have researched those brokers accepting traders from Vietnam ranking them by category as best:
- HFM – Best Overall Broker in Vietnam 2023
- BlackBull Markets – Best Broker for Beginners in Vietnam 2023
- FP Markets – Lowest Spread Broker in Vietnam 2023
- Pepperstone –Best MT4 Broker in Vietnam 2023
- BDSwiss – Best for Scalping and EA Trading Vietnam 2023
How to choose Brokers in Vietnam?
Given that only international brokers operate in Vietnam, it’s advisable to avoid offshore brokers to minimize the risk of financial losses. So it’s important to choose a reliable broker as first, and consider the availability of a demo account and trading academy for beginners. It’s also recommended to choose a broker that offers customer support in Vietnamese language.
Which Broker Accepts Vietnam for Forex Trading?
Many International Brokers accept traders from Vietnam. Despite the lack of local regulation, trading is available and demanded in the country so mostly all International Brokers accept Vietnam Traders. It is advisable to choose a tightly regulated broker with a good reputation. Check some good brokers based on our research: Trading212 or IG, BDSwiss
What Is a Forex Spread in Vietnam?
The forex spread is the difference between the sell and buy rates when trading currencies. However, spreads might be narrow and wide and depend mostly on a number of factors like traded currency, economic situation, and Broker offering. Alike, based on our data and finds an average EURUSD spread of 1.2pips.
List of Forex Brokers Vietnam Trading
This is the Regulated Brokers List that consists of Brokers that accept clients from Vietnam mainly using International branches:
| Broker | Detail | Review Page |
|---|---|---|
 HFM | Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5, HFM Trading App
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA |  HFM Review |
 BlackBull Markets | Min. Deposit: 0 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: FMA, FSA |  BlackBull Markets Review |
 FP Markets | Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5, cTrader
Regulation: ASIC, CySEC, St. Vincent and the Grenadines, FSP |  FP Markets Review |
 Pepperstone | Min. Deposit: 200 US$
Max. Leverage: 1:30 to 1:400
Trading Platforms: MT4, MT5, cTrader, TradingView
Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN |  Pepperstone Review |
 BDSwiss | Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, BDSwiss Webtrader and App
Regulation: FSC, FSA |  BDSwiss Review |
 FBS | Min. Deposit: 1 US$
Max. Leverage: 1:3000
Trading Platforms: MT4, MT5, FBS trader
Regulation: CySEC, FSC, FSCA, ASIC | FBS Review |
 Eightcap | Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, TradingView
Regulation: ASIC, SCB | Eightcap Review |
 FXCC | Min. Deposit: No minimum deposit
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, SVG, FSA | FXCC Review |
 Orbex | Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4
Regulation: MFSC | Orbex Review |
 OctaFX | Min. Deposit: $25
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5
Regulation: CySEC | OctaFX Review |
 AvaTrade | Min. Deposit: $100
Max. Leverage: 1:30 | 1:400
Trading Platforms: MT4, MT5, WebTrader, AvatradeGO, AvaOptions, DupliTrade, ZuluTrade, AvaSocial, Capitalise.ai
Regulation: Bank of Ireland, ASIC, JFSA, FSCA, CySEC, BVI FSC, FRSA, ISA | AvaTrade Review |
 FXGT.com | Min. Deposit: $5
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT5, WebTrader, MT4
Regulation: FSCA, FSA, VFSC | FXGT.com Review |
 JustMarkets | Min. Deposit: $1
Max. Leverage: 1:30 | 1:3000
Trading Platforms: MT4, MT5
Regulation: FSCA, CySEC, FSA, FSC | JustMarkets Review |
 Exness | Min. Deposit: 10 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation: SFSA, CBCS, FSC, FSCA | Exness Review |
 XM | Min. Deposit: US$5
Max. Leverage: 1:30 to 1:888
Trading Platforms: MT4, MT5, XM WebTrader
Regulation: CySEC, ASIC, FSC, DFSA, FCA | XM Review |
 InstaForex | Min. Deposit: US$ 0
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5, WebTrader, MobileTrader
Regulation: CySEC, FSC BVI, FSC | InstaForex Review |
 CAPEX | Min. Deposit: US$100
Max. Leverage: 1:30 | 1:300
Trading Platforms: CAPEX WebTrader, MT5
Regulation: CySEC, FSCA, ADGM FSRA, FSA | CAPEX Review |
 Moneta Markets | Min. Deposit: US$50
Max. Leverage: 1:33 | 1:1000
Trading Platforms: MT4, MT5, Pro Trader, WebTrader
Regulation: FSCA, FSA, SVGFSA | Moneta Markets Review |
 HKEX | Min. Deposit: No minimum deposit
Max. Leverage: 10% | 100%
Trading Platforms: OTP-C Trading Platform, Stock Connect
Regulation: SFC | HKEX Review |
 VPFX | Min. Deposit: $100
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation: ASIC, Labuan FSA, DED, SVGFSA | VPFX Review |
 PRCBroker | Min. Deposit: $10,000
Max. Leverage: 1:30 | 1:100
Trading Platforms: MT4, MT5
Regulation: CySEC, VFSC | PRCBroker Review |
 Accuindex | Min. Deposit: $250
Max. Leverage: 1:30 | 1:400
Trading Platforms: MT4, MT5
Regulation: CySEC, FSC | Accuindex Review |