Forex trading has expanded rapidly in Asia since numerous people have found its exponential profits to be appealing. But trading forex is best done via legit platforms. So we decided to review the best forex brokers in Vietnam.
We explored what the top Vietnamese forex brokers provide, including their fees and advantages, as well as their regulatory bodies. Our guide also features a simple step-by-step process for starting to trade with the best forex broker in Vietnam and what we consider when choosing regulated forex brokers.
The Best Forex Brokers in Vietnam
After searching the market, we shortlisted the best forex brokers for beginners in Vietnam.
- Capital.com – Overall the Best Forex Broker in Vietnam
- eToro – Second Best Forex Trading Platform in Vietnam
- Libertex – Best Forex Trading App in Vietnam
- AvaTrade – Popular Broker Offering MT4 and MT5
- Tickmill – Regulated Broker Offering Low Spreads
- Pepperstone – International Broker Providing a Social Platform
- Vantage FX – Platform Offering Spreads from 0 Pips
- FXCM – Forex Broker With 0% Commissions
- IG – Trading Platform for Beginners and Advanced Traders
Your capital is at risk. 78.91% of retail investor accounts lose money when trading CFDs with this provider.
Best Forex Brokers in Vietnam Reviewed
Our comparison of the best forex brokers in Vietnam showed us that Capital.com stands out from the rest.
1. Capital.com – Overall the Best Forex Broker in Vietnam
This platform also offers one of the lowest fees in the industry. The most popular currency pair, EUR/USD, has a 0.6 pip spread. Traders need to deposit only $20 to start on Capital.com and overnight fees apply to certain currencies. Fees don’t apply to deposits, and inactive traders aren’t charged a fee. Funding an account is available via bank wire, debit/credit cards, Apple Pay, Paypal and more. Traders don’t incur withdrawal fees.
The great thing about Capital.com is that it provides traders with regular live updates and price alerts. That’s crucial for beginners wanting to see potential setups. Webinars are also available as tutorial content, and traders have 24/7 access to support if they have any queries. Forex traders using this platform can trade at 30:1 leverage.
A key aspect for us while determining the best forex brokers in Vietnam was regulations. It’s crucial for a broker to be regulated so that a financial authority is watching over them to ensure they are managing client funds well. So we were pleased to see that Capital.com is regulated by CySEC, FCA FSA, ASIC and NBRB.
Besides forex, Capital.com enables traders access to commodities, securities, indices, ETFs and to buy Bitcoin in Vietnam.
| Number of Currency Pairs | 138 |
| Spread for EUR/USD | 0.6 pips |
| Minimum Deposit | $20 |
| Features | 30:1 leverage, 24/7 support, free educational material |
What We Like
Your capital is at risk. 78.91% of retail investor accounts lose money when trading CFDs with this provider.
2. eToro – Second Best Forex Trading Platform in Vietnam
One of the top forex brokers in Vietnam is eToro. It’s a platform ideal for traders of all levels, and it’s available as a demo account. That’s perfect for beginners to get a hang of it before going live, and pro traders can test it out to see how the advanced indicators can improve their strategies. But eToro also designed one of the best forex trading apps in Vietnam. It contains all the best features found on the desktop, but it’s designed conveniently for a mobile screen.
An initial deposit of $50 is required to start trading. Vietnamese forex traders can use bank wire, cards, Paypal, Webmoney, Skrill, Neteller and numerous other payment options. Funding a USD account is free. Otherwise, the platform charges up to 150 pips for conversion costs for other currencies deposited.
Traders can choose from 49 currency pairs, and they don’t have to worry about commissions because it’s non-applicable. Trading EUR/USD means that traders will have to pay a spread of 1 pip and withdrawing profits is charged at $5. The only other cost that traders should note is the inactivity fee. Traders are charged $10 monthly if they are inactive for 12 months. Also, eToro charges overnight fees for certain currencies. The platform offers leverage of up to 30x on major pairs.
Beginner traders will find the CopyTrading feature to be a great tool. It enables them to see the trades that professionals are taking. They can copy those trades and profit if the trades work out. That tool can provide beginners with some insight into technical analysis, and the feature is social, enabling traders to swap trading strategies. The best part about CopyTrading is that it’s free.
| Number of Currency Pairs | 49 |
| Spread of EUR/USD | 1 pip |
| Minimum Deposit | $50 |
| Features | 30x leverage, CopyTrading, Various markets |
What We Like
Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.
3. Libertex – Best Forex Trading App in Vietnam
Traders who like options will enjoy Libertex. This broker has ensured it caters to just about every trader by being an MT4 forex broker and MT5 forex broker. On top of that, Libertex has one of the best forex apps in Vietnam. Traders can try out the free demo account to get started. If that wasn’t enough, Libertex also included educational content. So beginners can check out the 3-hour course about trading and the platform.
Libertex offers a large range of cross and exotic pairs amongst the 45 currency pairs. The great thing about starting with this platform is that it offers a welcome bonus. Traders funding their accounts will be entitled to 100% of their bonus in their accounts. What’s even better is that traders can withdraw that bonus or use it as an addition for trading.
Traders wishing to take advantage of the bonus need to deposit at least $100. Besides the bonus, traders can also be part of the loyalty program. It allows them access to VIP manager support and trades from professionals. Otherwise, a minimum deposit is $10. Deposits don’t come with any fees. Regarding forex trading fees, Libertex doesn’t charge a spread, but it charges a commission, usually averaging 0.008%. Inactive traders will incur a $5 fee for 6 months of inactivity if the account is $10,000 or below.
Other benefits of using this platform are that traders receive trade signals, up-to-date news and access to stocks, precious metals, ETFs and commodities. We found Libertex to be one of the best crypto exchanges in Vietnam.
| Number of Currency Pairs | 45 + |
| Spread for EUR/USD | 0—charges commission usually 0.008% |
| Minimum Deposit | $10, $100 to claim a welcome bonus |
| Features | VIP manager support, real-time news, 3 platforms |
What We Like
Your capital is at risk. 70.8% of retail investor accounts lose money when trading CFDs with this provider.
4. AvaTrade – Popular Broker Offering MT4 and MT5
Besides having access to more than 35 currency pairs, AvaTrade enables beginners and advanced traders to take advantage of its MetaTrader 4 and MetaTrader 5 platforms. Beginners will appreciate that the platform offers free educational material such as videos and guides, and traders can also access the FX-based Vanilla options.
The platform enables traders to fund their accounts via debit/credit cards, bank wire, Skrill, Neteller and Webmoney. Traders need to fund their accounts with at least $100. No need to worry about commissions, but trading a popular pair EUR/USD comes with a 0.9 pip spread.
A feature suitable for advanced traders is opening larger positions than their accounts, which AvaTrade enables with a 400:1 leverage. Traders who aren’t active for 3 months are charged $50, and a $100 administrative fee applies to traders inactive for 12 months.
Beginners will find two great features on this platform valuable: ZuluTrade and DupliTrade. ZuluTrade automatically opens trades in an investor’s account when recommended by a pro trader. DupliTrade enables beginners to follow the trades of professionals and copy them.
| Number of Currency Pairs | 35+ |
| Spread for EUR/USD | 0.9 pips |
| Minimum Deposit | $100 |
| Features | ZuluTrade, DupliTrade, free education material |
What We Like
5. Tickmill – Regulated Broker Offering Low Spreads
Trading with Tickmill means having access to 62 currency pairs, including minors and exotics. Tickmill is one of the best forex brokers with low spreads offering several platforms such as MT4, MT5, MetaTrader for Mac and MetaTrader WebTrader Platform. It’s suitable for beginners, and the platform offers webinars and an ebook about trading.
The nice thing about starting out with Tickmill is that the platform offers a $30 bonus. Traders are required to make a minimum deposit of $100. Payment options include bank wire, cards, Skrill, Sticpay, Neteller, UnionPay and Webmoney. Traders who deposit more than $5,000 will not incur any deposit fees. Withdrawals are free, but they need to be at least $25.
A minimum deposit for a classic and pro account applies. A VIP account requires a minimum deposit of $50,000. Using a classic account means incurring a spread starting from 1.6 pips, but the pro and VIP accounts offer pairs starting from 0 pips. A typical EUR/USD spread is 0.1 pips, making Tickmill one of the cheapest forex brokers.
Tickmill offers 1:500 maximum leverage for trading forex and is one of the best forex trading apps in Vietnam.
| Number of Currency Pairs | 62 |
| Spread for EUR/USD | 0.1 pips |
| Minimum Deposit | $100 |
| Features | Free tutorial content, 3 different accounts, various platforms |
What We Like
6. Pepperstone – International Broker Providing a Social Platform
A key reason that makes Pepperstone one of the best forex brokers in Vietnam is that it’s heavily regulated. That should give traders a certain level of security to know that several financial authorities have stipulated regulations that Pepperstone must abide by. Pepperstone is regulated by BaFin, ASIC, CMA, CySEC, DFSA, FCA and SCB.
Traders will be glad to know that Pepperstone offers several platforms such as cTrader, MT4 and MT5. The platform offers 60 currency pairs, offering a good range of minors and exotics. Traders can opt for a Razor account, offering 0.2 pip spreads. The standard account averages the EUR/USD pair at 0.77 pips. Opting for trading CFD on forex via the Razor account incurs commissions only. Traders should take note that swaps are also applicable.
Pepperstone offers 30:1 leverage, which is more suitable for pro traders. Beginners shouldn’t risk opening large positions. Instead, beginners can take smaller positions and access 24/5 support from Pepperstone, as well as 18 hours on weekends. Beginners can also take advantage of free educational material such as webinars and other content.
To get started, Vietnamese traders need to deposit at least $140. Pepperstone offers various payment methods such as bank transfer, debit/credit cards, Neteller, Paypal, BPay and Skrill.
| Number of Currency Pairs | 60 |
| Spread for EUR/USD | 0.77 pips |
| Minimum Deposit | $140 |
| Features | Social trading, market analysis, Razor account |
What We Like
7. Vantage FX – Platform Offering Spreads from 0 Pips
Vantage Markets enables traders to test its platform with a free demo account before going live. Traders have several platform choices such as the Vantage app, Metatrader 4, Metatrader 5, Protrader and Webtrader. Unlike many brokers, Vantage Markets provides an unlimited demo account for live account holders.
This platform even allows traders to choose from three different accounts: standard, raw and pro. The accounts mostly differ in the required minimum deposit, spreads and commissions. As an example, a standard account requires a minimum deposit of only $200, includes spreads from 1 pip and doesn’t include commissions. A raw account offers spreads from 0 pips, requires a minimum of $500 deposit and charges a commission from $3 per lot per side. All three accounts offer leverage up to 500:1.
This broker doesn’t charge deposit fees and enables traders to deposit funds via bank wire, debit/credit cards, Skrill, Neteller, UnionPay and Boleto. Investors in Vietnam using Neteller for deposits will be charged 4.9% + USD 0.29 when they withdraw. Vintage offers swap-free trading.
An abundance of educational material is available from this broker. It even offers a trading academy, as well as educational webinars, market analysis by professionals and trading signals.
| Number of Currency Pairs | 40+ |
| Spread of EUR/USD | From 1 pip on a standard account |
| Minimum Deposit | $200 |
| Features | ZuluTrade, MyFXBook Autotrade, DupliTrade |
What We Like
8. FXCM – Forex Broker With 0% Commissions
FXCM provides one of the best forex trading platforms. Apart from offering a demo account, Forex Capital Markets provides a welcome bonus of up to $300. All that traders have to do is deposit at least $50 and FXCM will take care of the rest. The promotion works on tiers. Traders who deposit $50 will get a $25 bonus. A $5,000 deposit earns a $300 welcome bonus.
Traders can begin with a demo account but then switch to the app or a desktop live account. FXCM is a zero-commission trading platform and even offers a competition for cash prizes on demo accounts. FXCM is one of the regulated forex brokers in Vietnam that provides a secure Metatrader 4 platform and educational content, such as how to buy stocks in Vietnam.
One of the major benefits of trading with FXCM is that it offers free expert advisors and free virtual private server access. Trades can customize their experience by downloading indicators and watch lists, as well as tools such as Real Volume, Trader Sentiment and Market Depth.
| Number of Currency Pairs | 40 |
| Spread of EUR/USD | 0.78 pips |
| Minimum Deposit | $50 |
| Features | Welcome bonus, expert advisors, trading competitions |
What We Like
9. IG – Trading Platform for Beginners and Advanced Traders
IG has made forex trading simple for traders of all skill levels and has made it convenient by splitting its platform between beginners and expert traders. For beginners, IG offers educational content, market analysis by experts, a demo account and trading ideas. Expert traders are offered tight spreads, can choose their ideal trading platform and even access weekend trades.
Traders can select various platforms such as the progressive web app, ProRealTime, MetaTrader 4 and L2 Dealer. IG also provides trading signals, alerts and algorithmic trading. This broker definitely offers one of the best forex indicators for MT4. A wide range of educational content such as managing risk and trading psychology.
Any other help traders need can be accessed by the 24-hour support center, which is unavailable only from 6 a.m. to 4 p.m. on Saturdays. IG provides one of the best forex trading apps in Vietnam.
The average EUR/USD spread on IG is 1.13 pips. This broker doesn’t require a minimum deposit for bank wires, but at least $300 is required for a card payment. Traders can fund their accounts via wire, debit/credit cards, Paypal and HKD FPS. The minimum amount a trader can withdraw to a card is $150. Debit and credit card withdrawals are free.
| Number of Currency Pairs | 40 |
| Spread of EUR/USD | 1.13 pips |
| Minimum Deposit | $300 for credit cards |
| Features | Various platforms, trading alerts, weekend trading |
What We Like
Top Vietnamese Forex Trading Platforms Compared
We compared the best forex trading platforms in Vietnam and compiled the details in the table below:
| Number of pairs | Spread for EUR/USD | Minimum Deposit | Non-Trading Fees | Minimum Lot Size | Top 3 Features | |
| Capital.com | 138 | 0.6 pips | $20 | $0 | 1 | Leverage, 24/7 support, free educational material |
| eToro | 49 | 1 pip | $50 | $10 monthly after 12 months of inactivity | 0.01 | CopyTrading, numerous currencies, 30x leverage |
| Libertex | 45 + | 0—charges commission usually 0.008% | $10 | $5 per month | 0.01 | Trade alerts, VIP manager support, real-time news |
| AvaTrade | 35+ | 0.9 pips | $100 | $50 after 3 months of inactivity | 0.01 | DupliTrade, ZuluTrade, free education material |
| Tickmill | 62 | 0.1 pips | $100 | $0 | 0.01 | 3 different accounts, various platforms, free tutorial content |
| Pepperstone | 60 | 0.77 pips | $140 | $0 | 0.01 | Education content, market analysis, social trading |
| Vantage | 40+ | From 1 pip on a standard account | $200 | $0 | 0.01 | Different accounts, various platforms, educational tools |
| FXCM | 40 | 0.78 pips | $50 | $50 annually after the first year of inactivity | 0.01 | Deposit bonus, market analysis, educational material |
| IG | 40 | 1.13 pips | $300 for cards | $18 monthly after 24 months of inactivity | 0.01 | CopyTrading, educational content, contests |
How We Select the Best Forex Brokers in Vietnam
When choosing the best broker for forex trading in Vietnam, we looked at several key aspects.
Regulation
It’s vital that a broker is regulated by financial institutions – the more, the better. That gives traders a certain level of security that a broker will face harsh penalties if it engages in funds mismanagement.
Range of Pairs
Most traders prefer a large selection of pairs. Majors, minors and a few exotic pairs. Most brokers offer more than 30 currency pairs, which should satisfy most traders.
Fees
The fees a broker charges are a make or break. If they’re too high, they can significantly reduce profits and increase losses. All fees should be transparent, and they should definitely not be excessive.
Tools & Analysis
A trading platform should be simple enough so that beginners can use it, but it should also contain all the necessary tools advanced traders need.
Minimum Deposit
If a broker charges a low minimum deposit, it enables many traders to begin trading. Some traders don’t have a lot of money and others don’t want to risk large sums. That’s the reason a low minimum deposit broker is preferable.
Demo Account
Before going live, some traders wish to test a platform to see if it’s convenient and contains all the necessary tools for technical analysis. It also enables beginners to get a feel for financial markets and the fees charged.
Mobile App
Traders who are on the go enjoy having access to a platform wherever they are. Brokers offering a mobile app of their platform should provide all the key features available on the desktop version but in a format suitable for a mobile screen.
Payment Methods
Brokers need to make account funding as simple as possible for traders. By offering numerous payment options, they lower the barriers of entry to forex. And some traders enjoy comparing payment fees and then opting for the cheapest option.
Customer Service
Support should be available around the clock, especially on business days. Some brokers even offer support on weekends. Feedback should be prompt and address the trader’s concerns so that delays are kept to a minimum.
Best Forex Signals Vietnam
Traders looking for the best Vietnamese forex trading platform will most likely be interested in receiving signals, especially beginner traders. We found that Learn 2 Trade provides the best forex signals in Vietnam. Signing up for this channel means being part of a community that consists of more than 70,000 members.
Learn 2 Trade sends up to 5 profitable signals per day via Telegram. The best part is that these signals are free. A premium plan is also available with a 30-day money-back guarantee. It provides entry, profit and stop loss levels, as well as a risk/reward ratio. The setups have a 76% success rate, and even a crypto signals channel is available.
Your capital is at risk. There is no guarantee that you will make money when using this signal provider.
How to Start Forex Trading in Vietnam
Capital.com is the best Vietnamese forex trading platform, so we provided a step-by-step guide on how to buy EUR/USD.
Step 1: Open an Account
Log onto Capital.com and fill in an email and a password.
Step 2: Verify Account
Users need to verify their accounts by uploading a government-issued ID or passport.
Step 3: Fund Account
Click ‘Fund Account’, then choose the preferred payment option before entering the amount to fund.
Step 4: Choose a Currency Pair
Type ‘EUR/USD’ in the search box, then click ‘Buy’ if the sentiment is bullish.
Step 5: Buy the Currency
Enter the lot size and then at the bottom, click ‘Place Limit Order’.
Conclusion
After comparing the best forex brokers in Vietnam, we found Capital.com to be the best. Not only is this platform highly regulated, but it also offers 138 currency pairs. Trading EUR/USD costs 0.6 pips.
Opening an account and placing a trade is simple, and only $20 is required to be funded. Capital.com doesn’t charge deposit, withdrawal or inactivity fees.
Your capital is at risk. 78.91% of retail investor accounts lose money when trading CFDs with this provider.