Forex brokers don’t always allow Vietnamese traders, and therefore, FXEmpire has put together a list of the best forex brokers for Vietnamese traders. The brokers that make this list will offer local payment support, reliable regulation, and Vietnamese language access as well.
I made sure to only choose brokers on this list that have a high level of trust in the industry and are well-regulated. The ability to contact the customer support team in Vietnamese is also taken into account, and the withdrawal and deposit methods will need to be accessible to Vietnamese citizens as well.
Beyond the Vietnam-specific aspects, I also took care to make sure that the usual factors are thought of in our list, including the spreads, low fees, feature-rich trading platforms, and transparent commissions.
Our team of experts has identified each broker’s strengths and weaknesses using FXEmpire’s comprehensive methodology.
Now let’s take a closer look at the selected brokers.
Exness is a heavily-regulated broker, with 12 entities around the world being overseen by some of the better industry watchdogs, and has over 17 years of industry experience. The platforms available include MT4, MT5, and the proprietary Exness Terminal. Exness offers access to trading of commodities, cryptocurrencies, forex, indices, and stocks. There are over 230 tradable markets for traders to choose from.
Key Features:
While testing Exness, I used a Standard account. This features low variable spreads and no commissions. The floating spreads can widen at certain times, and I saw the EUR/USD pair typically hang around a 0.8 pip spread during the New York / London overlap session.
The minimum deposit is just $10, and the leverage is unlimited for accounts that are less than $5K. I found this interesting because the right trader could, at least in theory, build their account up rapidly in that environment. Needless to say, there are extreme risks involved as well if you are not cautious.
The proprietary Exness terminal was very user-friendly, and I found myself right at home using it. The platform has over 150 indicators, meaning that you will have plenty of technical analysis potential using it. The platform also gives you access to Trading Central and its trading signals.
RoboForex is registered in Belize and offers access to forex, metals, indices, energy markets, cryptocurrencies, and stocks. It offers MT4, MT5, R Trader, R Mobile Trader, and R Webtrader. RoboForex is best known for its excellent research team.
Key Features:
When I tested RoboForex, I used the ECN model. The ECN model has variable and tight spreads, with 1:500 leverage. The commissions were just $2 per side, per lot, better than almost anywhere else I have traded. (It should be noted that it is quoted at $20 per million on the website.)
The minimum deposit is just $10, and the leverage can be up to 1:2000 in certain account types. This allows some traders to build their accounts quickly, but it can also be very dangerous for those who are not experienced.
RoboForex has been in business for 16 years and has long been known for the excellent market research that the team provides. The list of markets that are analyzed daily is extensive and timely.
Vantage is an Australian broker that has been operating since 2009. It operates globally and is regulated by several authorities, including ASIC and the FCA UK. Traders from Vietnam will be assigned to its global entity regulated by FSC Mauritius.
The broker offers its own web platform and mobile app, as well as the retail favorites MT4, MT5, and TradingView. It also has a strong trading signal provider and three different account types to choose from.
Key Features:
For Vantage, I used the Standard account to test the broker, which meant no commissions. Spreads were tight, with some markets being as little as 1.0 pips, and the margin call level automatically being 50%, and the stop out level being 20%, this allows for tighter risk control in this account.
The minimum deposit is $50. Vantage offers access to forex, indices, energy markets, shares, metals, soft commodities, ETFs, and bonds. This means you will almost always be able to find an opportunity in the markets. In fact, Vantage boasts over 1,000 instruments for trading. Leverage can be as high as 1:500.
Vantage offers an Academy for education, and I found it solid. The $0 deposit fees also made this an easy choice. Also, the broker has solid financial analysis, allowing newer traders to see what professionals think about market events and moves, which will help those trying to understand the big picture.
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:
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.
JustMarkets is registered with several entities around the world, including in the Seychelles, British Virgin Islands, Mauritius, Cyprus, and others. JustMarkets offers MT4 and MT5 platforms, as well as the JustMarkets Trading App, ensuring that traders get the most testing environments for execution.
JustMarkets offers forex, commodities, stocks, and indices for their traders, and also has an education area that offers new traders knowledge on how to navigate the markets as a whole. I found the area informative, and there were even daily forecasts available for their clients. I tested the Standard account, which has no commissions, and spreads as low as 0.3 pips. You can choose from Standard, Standard Cent, Pro, Raw Spread, plus two dedicated accounts for copy trading – Standard and Pro. JustMarkets allows up to 1:3000 leverage as well.
Key Features:
While testing JustMarkets, I used the Standard account, with its no commissions and wide range of assets, I felt it was the logical choice for my style of trading. I used the MT5 platform and found execution speed similar to most brokers. It is worth noting that the “Standard Cent” account doesn’t include stock CFDs.
The minimum deposit is just $10, and the leverage is a whopping 1:3000 for some markets. While this allows traders a way to quickly build their account, it is worth noting that this kind of leverage can also cause a lot of damage quickly.
I found that JustMarkets had a particularly robust set of exotic currency pairs, something that I tend to trade a lot. The ability to trade such varied currencies with the extra leverage could be a major factor for those looking to trade here.
ATFX is regulated by many of the largest financial authorities in the world, including ASIC, FCA, FSCA, CMA, and CySEC, just to name a few. This helps traders recognize the safety of funds that are found here.
However, it is the app they have that is a real winner. While offering the standard desktop platforms such as MT4 and MT5, the company is known more for its excellent trading application. The educational and analysis found on the site also make ATFX a strong candidate for traders to choose.
Key Features:
The ATFX App is very intuitive and mobile-friendly. This allows access to markets on the go and allows traders to control MT4 or MT5 on their phone. Deposits and withdrawals can be done easily from the platform as well.
ATFX offers forex, metals, oils, indices, and crypto markets. I chose to test ATFX with a small MT4 account and found execution quite strong. The platform allows access to over 40 forex pairs and has tight spreads. When I tested the mobile app, it seemed to be just as fast as the desktop version.
There is no minimum amount to open an account at ATFX, which opens the barrier to entry for many traders around the world. The leverage offered is up to 1:500, in line with many other brokers out there.
IC Markets has been known for its wide range of markets for years, and is also known for having incredibly tight spreads. Offering over 2200 assets, the broker has performed quite well over the years, offering liquidity that is difficult to match.
IC Markets offers MT4, MT5, cTrader, and TradingView platforms to access the markets, which should all be fairly recognizable to most traders.
Key Features:
Using the Standard account to test IC Markets, I had no commissions and good spreads, as low as 0.8 pips during New York trading. This is a little tighter than the industry average of 1.0 pips for commission-free accounts, so it was a bonus to be with this broker.
The leverage was 1:1000, at its global entity, strong enough for many professional traders. It is also a highly respected broker and even has its own prop firm. The firm has a lot of Web TV content for traders to learn, and the spreads remained low, no matter the time of day.
IG was founded in 1974, making it one of the longest-running brokers in the world for retail clients. Long considered one of the forerunners of CFD trading, it makes sense that traders will look to this place for entry into the markets. It is highly regulated by all of the major bodies you would expect.
IG offers its own IG Online Trading Platform, MetaTrader 4, MetaTrader 5, TradingView, ProRealTime, and L2 Dealer. This means that you are going to find a platform you prefer over the others.
Key Features:
While testing IG, I used ProRealTime, as I find it one of the best platforms in the world. This platform is a favorite of mine for its flexibility and its overall “feel” of being intuitive.
IG offers over 17,000 markets. This allows the trader to continue to focus on the global markets at large, instead of being “forced into a box” when it comes to what is available. The ProRealTime platform is excellent, and I found the customization a big reason to stick with using it.
Leverage is capped at up to 1:200, but honestly, that is more than enough for the average trader. The broker also offers unique assets as well, such as thematic baskets of stocks, knock-out options, and more.
The forex and CFD analysts and editors at FXEmpire bring together seasoned trading professionals and experienced financial journalists. Many of our experts have been featured in leading publications such as Investopedia and Forbes, and all of them combine strong industry credentials with hands-on trading experience.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later, Dan gained insight into the forex industry during his time as a Series 3 licensed futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Christopher Lewis is an experienced trader and technical analyst specializing on currencies, indices, and commodities. He also has been working as a proprietary trader for institutional accounts. Chris has been an FXEmpire analyst since the site's early days and shares his trading insights on his own blog, The Trader Guy. His sharp, practical understanding of the trading industry means he knows forex and CFD brokers inside-out, so you can trust his guidance on how they work and which one to choose.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.