8 Best Forex Brokers in Vietnam for 2024

Founded in 2008, Exness offers an excellent range of products and services for traders in Vietnam. Regulated by the FSA Seychelles, CBCS, BVI FSC, and others, the broker offers over 230 commission-free financial CFD instruments available from the MT4, MT5, and Exness Terminal trading platforms.

Regional Features:

• Entity for Vietnamese Clients: Exness BV, regulated by the Central Bank of Curaçao and Sint Maarten (CBCS).
• Leverage: up to 1:2000 on forex pairs.
• Vietnamese Payment Options: Vietnamese Internet Banking, bank card, Skrill, Neteller, Perfect Money, and cryptos.
• Vietnamese version of the website with customer support during local working hours in Vietnam.

Exness features the proprietary Exness Terminal, equipped with one-click trading, numerous order types, over 88 technical indicators, and built-in sentiment analysis to gauge market positions. This platform aids in identifying market trends and offers the choice to trade on MT4/MT5 platforms as well.

The broker also provides the Trading Central MT4 plugin, which delivers real-time market research tools and trading signals across a broad range of markets. Trading Central WebTV offers real-time news reports, which are beneficial for fundamental traders.

During our live fee test, I found that the spread for EUR/USD during the London and New York trading sessions averaged 0.9 pips, which is better than the 1.3 pip industry average. With competitive spreads, zero commissions, multiple platforms, and tools, Exness stands out as a top broker to consider for trading in Vietnam.

If you have some experience trading the forex market but are looking to take your trading to the next level, then TMGM could be a good option for you. Established in 2013, the broker is authorized and regulated by ASIC, VFSC, and FMA New Zealand, offering a good range of advanced trading platforms and tools and an ECN execution model.

Regional Features:

• Entity for Vietnamese Clients: Trademax Global Limited regulated by the Vanuatu Financial Services Commission (VFSC).
• Leverage: up to 1:500 on forex pairs and 1:50 on other markets.
• Vietnamese payment Options: Online Banking Vietnam, Neteller, Skrill, UnionPay, RMB, FasaPay, credit/debit cards, and more.
• A Vietnamese version of the website with customer support during local working hours in Vietnam by phone or email.
• Bonuses and promotions for Vietnamese clients: earnings per transaction to access rewards such as an iPad or Macbook.

As an advanced trader myself, I found that the option to use the MT4 and IRESS trading platforms was great. The IRESS platform enables you to trade with direct market access (DMA) and access live floor prices and true market depth. There is a steep learning curve, but the platform comes with a lot of customizations and tools.

Most advanced retail traders may be more comfortable with the MT4 platform. I enjoy the MetaTrader marketplace which can be accessed from the platform, as it enables you to purchase customized trading indicators and algorithmic trading robots.

TMGM also provides its clients with the TMGM Market Sentiment Tool. This is a Trading Central tool that analyses the market sentiment for a wide range of instruments from social media, blogs, and news articles.

Both the Classic and Edge trading accounts offer up to 1:500 leverage and are based on an ECN execution model which provides access to raw interbank pricing and fast execution, making TMGM an option to consider for advanced traders.

Established in 2019, Errante is authorized and regulated by CySEC and the FSA Seychelles. Offering a diverse portfolio, it provides 150 tradable instruments across four distinct trading accounts. Traders have access to three leading platforms: MT4, MT5, and cTrader. The platform also facilitates social trading, allowing users to effortlessly monitor and replicate the strategies of successful traders or to become signal providers themselves, earning performance fees.

Regional Features:

• Entity for Vietnamese Clients: Errante Securities (Seychelles) Limited, regulated by the FSA Seychelles.
• Leverage up to 1:500 on forex pairs.
• Vietnamese Payment Options: International Bank Transfer, Visa/Mastercard, Neteller, Skrill, SticPay, Perfect Money.
• A translated Vietnamese version of the website

Errante’s copy trading feature offers a straightforward start-up process. Once an account is opened, users can easily explore the performance of various traders within the Errante community. Key performance metrics include average weekly and monthly returns, return deviation, volatility ratio, Sharpe ratio, and recovery factor, along with a graphical representation of equity and returns. The platform enables effortless copying of traders with a single click, while also allowing users to customize their stop loss and risk levels.

The platform provides access to a range of financial CFD instruments, encompassing forex, stocks, indices, commodities, and cryptocurrencies. All these are available on the MT4, MT5, and cTrader platforms, renowned for their superior charting tools and automated trading features.

In our live evaluation of the Errante Standard Account, the spread for EUR/USD was observed to average 1.5 pips during peak trading hours in the London and New York sessions. This is slightly above the industry average of 1.0 pips for commission-free accounts. However, Errante offers lower spreads in other account types, albeit with higher minimum deposit requirements.

Founded in 2012, JustMarkets is authorized and regulated by the FSA Seychelles, FSCA, CySEC, and FSC Mauritius. It offers seven different account types, combining commission-free, raw-spread, and swap-free features. The selection of instruments includes over 200 CFD that can be traded on the MT4 and MT5 trading platforms.

Regional Features:

• Traders in Vietnam can open an account with Just Global Markets Ltd, which is authorized and regulated by the FSA Seychelles.
• Leverage up to 1:3000 on forex pairs.
• Vietnamese payment methods: Bank Transfer, Visa/Mastercard, Sticpay, and Momo.
• A translated Vietnamese version of the website.

JustMarket offers a Standard, Pro, and Raw Spread account with MT5. MT4 account options include Standard Cent, Standard, Pro, and Raw Spread. I determined that the Standard accounts are most suited to beginner traders and are commission-free with a minimum deposit of $10. The Raw Spread account is designed for more advanced traders with a higher minimum deposit of $100, a commission per trade, but lower spreads.

After opening a live Pro Account, we found the spread for EUR/USD averaged 0.85 pips during the London and New York trading sessions, beating the 1.08 pips industry average. The Raw Spread account offers spreads from 0.0 pips with a commission of $3 per lot, per side, beating the $3.50 industry average.

The MT4 and MT5 platforms cater to advanced traders. In contrast, the web trading platform, while offering more features than the mobile app, remains user-friendly. It offers over 150 technical analysis and drawing tools, 21 timeframes, and 9 chart types. JustMarkets also offers copy trading from MT4/MT5 signals. Here, you can view the performances of different traders and copy their trades directly into your own account.

Founded in 2019 and headquartered in Seychelles, FXGT.com operates globally through three different entities. The broker offers diverse account types and a range of useful trading tools.

Regional Features:

• Entity for Vietnamese Clients: GT Global Ltd, regulated by the FSA Seychelles.
• Leverage: up to 1:1000.
• Vietnamese Payment Options: Instant local bank transfer and cryptos, including BTC, ETH, ADA, XRP, and USDT.
• A Vietnamese version of the website is available.
• Bonuses and Promotions for Vietnamese Vlients: 50% welcome bonus, 25% unlimited loyalty bonus, 30 USD no deposit bonus.

FXGT provides MetaTrader 4 and 5, along with an advanced MT5 toolkit, that allows traders to analyze price trends, implement superior risk management strategies, and more with enhanced freedom.

Traders in Vietnam can trade over 150+ tradable instruments with FXGT. This includes traditional asset classes such as forex, stocks, indices, and commodities, as well as a wide range of cryptocurrencies, synthetic cryptos, NFTs, and DeFi tokens.

Our live fee test showed the spread for BTC/USD averaged $5.52, beating the industry average. There are five different crypto accounts, but the full suite of crypto products is only available on the FXGT Pro Account.

This offers zero commission trading on all 150+ tradable instruments and zero overnight swap fees for its crypto markets. Accounts can be funded in cryptos, including BTC, ETH, ADA, USDT, and XRP.

If you want to trade with a well-established broker that provides excellent trading experience for traders in Vietnam, then IC Markets could be a good option for you. Launched in 2007, IC Markets is authorized and regulated by ASIC, CySEC, SCB, and the FSA Seychelles providing access to raw spread, low-fee, zero requote trading accounts from the MT4, MT5, and cTrader trading platforms.

Regional Features:

• Entity for Vietnamese Clients: Raw Trading Ltd regulated by the FSA of Seychelles.
• Leverage: up to 1:500 on forex pairs.
• Vietnamese Payment Options: Vietnamese Internet Banking, RapidPay, PayPal, Netller, Skrill, credit/debit cards, and more.
• A Vietnamese version of the website with customer support during local working hours in Vietnam.

IC Markets has long established itself as the ‘go-to’ broker for serious, high frequency, and high volume forex traders. I was seriously impressed with the broker’s fees in which you can access raw spread interbank market pricing, zero requotes, and limitations on trading strategies.

However, every account, platform, and service is easily accessible and suitable for advanced and beginner traders. The account options and fees for Vietnamese traders depend on whether you trade from MetaTrader or cTrader trading platforms, as detailed below:

• Standard Account (MT4/MT5): Zero commission. Spreads from 0.6 pips.
• MetaTrader Raw Spread account: Commission of $3.50 per lot, per side with spreads from 0.0 pips.
• cTrader Raw Spread account: Commission of $3.00 per lot, per side with spreads from 0.0 pips.

During the course of our live fee test, I found that the spread for EUR/USD during the London and New York session on a Standard Account averaged 0.6 pips. From my experience, this is very competitive for a commission-free account.

In our broker rating review, we found the average spread for EUR/USD on a commission-free trading account to be 1.0 pip. I determined that the commission of $3.00 on the cTrader Raw Spread and $3.50 on the MetaTrader Raw Spread accounts are in line with the industry average.

I was also impressed with the fact that there are no order distance restrictions. This means you can place an order as close to the market price as you wish highlighting how fast the speed of execution is with IC Markets.

With access to a range of the world’s best forex trading platforms, trading accounts with competitive fees, high forex leverage of up to 1:500, and 24/7 customer support, IC Markets is the best overall broker for traders in Vietnam.

Established in 2020, Moneta Markets has entities authorized and regulated by the FSA Seychelles, FSCA, and one unregulated entity based in St. Lucia. It offers a good range of account types, including a commission-free Direct account and two ECN accounts called Prime and Ultra, which have low spreads and competitive commissions.

Regional Features:

• Entity for Vietnamese Clients: Moneta Markets Ltd, based in St. Lucia, unregulated
• Leverage: up to 1:1000 on forex pairs.
• Vietnamese Payment Options: International Bank Transfer, Visa/Mastercard, FasaPay, JCB, Sticpay
• A translated Vietnamese version of the website

During our live test, I found that Moneta Markets provides a good range of account types for all types of traders in Vietnam. This includes:

• Direct STP. Zero commission – Spreads from 1.2 pips – USD 50 minimum deposit.
• Prime ECN. USD 3 commission per lot, per side – Spreads from 0.0 pips – USD 200 minimum deposit.
• Ultra ECN. USD 1 commission per lot, per side – Spreads from 0.0 pips – USD 20,000 minimum deposit.

The Prime ECN account seems to offer the best balance between low fees and minimum deposit. In fact, during our live fee test on the Prime ECN account, we found the spread for EUR/USD during the London and New York sessions averaged 0.15 pips. The commission of USD 3 per lot per side is also better than the industry average of USD 3.50.

I also found that each account type offers up to 1:1000 leverage and access to trade from the MT4 and Pro Trader Web platform, powered by TradingView. With more than 1,000 tradable instruments covering forex, indices, commodities, shares, cryptos, and bonds, Moneta Markets provides a good range of markets available for traders in Vietnam.

If you’re searching for a broker that provides the best MT4 platform support, tools, and additional plugins, then BDSwiss could be a good choice for you. Established in 2012 in Zurich and regulated by the FSC Mauritius and FSA Seychelles, the broker offers a wide range of markets from the MT4 platform with extra plugins and tools from AutoChartist and Trading Central.

Regional Features:

• Entity for Vietnamese Clients: BDS Markets regulated by the FSC of Mauritius.
• Leverage: up to 1:500.
• Vietnamese Payment Options: Online Banking Vietnam, Thuderx Pay, Astropay, credit/debit cards, and more.
• A Vietnamese version of the website with customer support during local working hours in Vietnam.
• Bonuses and Promotions for Vietnamese Clients: a 10% cashback bonus, a loyalty program, and a refer-a-friend program.

From our live trading test, I found that you can trade from the MT4 and MT5 trading platforms, alongside the BDSwiss Web Trader and BDSwiss Mobile App. The best feature I was most impressed with is the fact that all of these platforms are synced with one another. This means you can trade and manage the same positions whether on the MT4 or BDSwiss web platform which makes trading on the move a lot easier.

The MT4 trading platform is considered to be the ‘go-to’ for forex traders. You can trade multiple asset classes from different timeframes while accessing more than 80+ inbuilt technical indicators and an economic calendar. You can also access the MetaTrader marketplace and download customized indicators or algorithmic trading robots.

I also found that you can access even more features to support your MT4 trading. This includes access to a VPS service, AutoChartist, and Trading Central. I personally love to use AutoChartist as it identifies technical analysis patterns automatically which speeds up the analytical process.