Top Forex brokers in Vietnam: trading CFDs, Gold, Cryptocurrencies and Binary options - TopForex.Trade

Top Forex brokers in Vietnam: trading CFDs, Gold, Cryptocurrencies and Binary options

Forex trading in Vietnam: expert analysis of the financial markets, leading Forex brokers offering trading in CFDs, oil, currency pairs, Bitcoin, Ethereum and other Cryptocurrencies with Copy Trading and Forex bonuses up to $5000 on the first deposit. An overview of the best Binary options trading platforms in Vietnam.

The economy of Vietnam: general information

vietnam forex brokers

Vietnam is an ambitious country with great potential for economic development, demonstrating one of the highest economic growths in Southeast Asia in recent decades.

The country is home to about 90 million people, making it roughly the 14th most populous state on Earth. The country is also surrounded by other economic centers in the region, including China to the north, Cambodia to the southwest, and Malaysia to the southeast. Although the country was divided into North and South, in 1975 it was reunited with its capital in Hanoi.

Decades of wars in the 20th century greatly harmed the country, literally and figuratively. However, socialism survived, but the approach to the economy changed due to the inefficiency of exclusively planned economic management. Elements of a market economy came to the country, meaning that the government began to develop its private sector. Since 1992, enterprises began to be taken out of state control, which attracted the first investments in the country.

Large investments are being made in the textile industry and other labor-intensive industries. Vietnam is becoming a major manufacturing center like China. But in addition, there are more IT and business start-ups in Vietnam, and these start-ups are also attracting significant investment from abroad.

It is easier for investors to put money into Vietnam as the stock market moved into the ranks of developing and is not yet fed up with private investors. But besides markets, there are numerous financial instruments where a trader or investor can work quite effectively. 

All in all, the developing market, increasing access to information and technology as well as desire to get away from manual labor motivated people of Vietnam to get to online trading of various financial instruments and the Forex market. International brokers, in turn, are always ready to cooperate and provide the best trading conditions and Forex bonuses for local traders.

 

Forex market of Vietnam

Vietnam Forex

Vietnam – a country with great potential – in recent years has attracted the interest of experienced traders and inspired newcomers to explore new markets. Forex trading conferences have been held in places like Thailand, Malaysia, the Philippines, Singapore, and recently Vietnam was added to the list. However, many potential traders are hesitating, wondering if Forex trading in Vietnam is legal or not. 

No hesitation is needed. In Vietnam, there is no specific legislation governing Forex trading. In this regard, it provides an opportunity and encourages Vietnamese traders to use the services of international Forex brokers.

Brokers mentioned in this article for decades provide trading services worldwide and are regulated by the most reputable regulatory organizations such as CySEC, IFSC, ASIC, and several others. Besides, each of them has millions of registered users, which means that they can be successfully partnered with.

 

Popular online trading instruments in Vietnam

Vietnam_trading Instruments

No matter what kind of trader you are, in Vietnam you can make a profit using a variety of financial instruments. 

Currency pairs

The Vietnamese dong (VND) exchange rate is set by the Vietnamese central bank on a daily basis, which means it is fixed without fluctuation. However, the VND is pegged to the US dollar and therefore traders in Vietnam watch the US dollar move against other major currencies as well as East Asian currencies. In fact, international brokers offer traders from Vietnam over 50 currency pairs to choose from.

XM Group provides some of the most favorable trading conditions for more than 55 currency pairs that include major pairs like USD/EUR or EUR/YEN, crosses, and exotics. Besides, XM Group offers different trading instruments including commodities, stocks, indices, metals, and Cryptocurrencies. 

Together with it, the broker provides a multi-layer bonus system, offering new traders an automatic bonus equal to 100% of their deposit, up to $5000.

98
Min. deposit
5$
Min. Spread
0.6
Bonus
Max. leverage
1:1000
Used by
5000000+
Trading platforms
MetaTrader 5
MetaTrader 4
Web trader
Deposit methods
Bitcoin, Sofort, UnionPay, Neteller, Wire, Skrill
Regulated by
FCA
CySEC
IFSC
ASIC
98
Min. deposit
5$
Max. leverage
1:1000
Bonus
Used by
5000000+
Min. Spread
0.6
Trading platforms
MetaTrader 5
MetaTrader 4
Web trader
Deposit methods
Bitcoin, Sofort, UnionPay, Neteller, Wire, Skrill
Regulated by
FCA
CySEC
IFSC
ASIC

 

Commodities

One of the significant successes of the Vietnamese “Doi Moi” model was the steady growth of market infrastructure. Main trading commodities are oil, steel, and iron.

HF Markets – before rebranding known as HotForex is authorized by the CySEC and the FCA (Europe), the FSCA (South Africa), the DIFC (Dubai), and the FSA broker that has one of the best conditions for commodity deals. In particular, it offers low transaction costs and flexible leverage on Forex Gold trading. You can find more information about this trading instrument in our article. 

HF Markets maintains safe trading capabilities and delivers various solutions including Zero Spread trading, Islamic Accounts, Forex bonuses on your first deposit of up to $5000, cash rebates of up to $8000 with cumulative total amount of Forex bonuses you can earn up to $50,000. Traders can expect a wide range of tradable instruments, minimal trading fees, user-friendly trading platforms, educational content and advanced trading tools. It is truly a well-known reliable Forex broker offering services in Vietnam.

96
Min. deposit
5$
Min. Spread
0.1
Bonus
Max. leverage
1:1000
Used by
3500000+
Trading platforms
Own Platform
MetaTrader 5
MetaTrader 4
Web trader
Deposit methods
-
Regulated by
FCA
DFSA
FSCA of South Africa
FSA UK
SVGFSA
96
Min. deposit
5$
Max. leverage
1:1000
Bonus
Used by
3500000+
Min. Spread
0.1
Trading platforms
Own Platform
MetaTrader 5
MetaTrader 4
Web trader
Deposit methods
-
Regulated by
FCA
DFSA
FSCA of South Africa
FSA UK
SVGFSA

 

Equities

Trading in stocks and shares has quadrupled over the past year in Vietnam. Reliable international Forex brokers give local traders the opportunity to use this trading instrument. The main recommendation is to find a trusted broker with suitable conditions that work with Vietnamese traders.

 

CFDs

The retail Forex and CFD industry has grown exponentially over the last decade since CFD allows speculating on the price of an asset without actually owning it. The industry is rapidly expanding in emerging markets such as Southeast Asia and Africa, particularly Vietnam, where demand for investment products in global markets, Forex, and commodities are constantly growing. 

OANDA‘s list of financial instruments consists of CFDs on indices, commodities and bonds. The broker gives access to two types of trading platforms: fxTrode (Oanda’s personal development) and MetaTrader 4. Both of these platforms are available in three types: desktop, mobile and Web.

In addition to CFDs, traders can choose from a variety of instruments such as Forex: more than 70 currency pairs; metals: Gold and Silver; commodities: Oil, Natural Gas, Copper, Wheat; indices – 16 in total and Bonds.

Globally, OANDA offers three account types: demo, Standard and Advanced Trader, which makes the broker a fine fit for both new and seasoned trades. Moreover, it requires no minimum deposit to open an account with OANDA, but new traders who’ll top up their accounts get a welcome bonus of up to $1000.

97
Min. deposit
-
Min. Spread
0.8
Bonus
Max. leverage
1:200
Used by
-
Trading platforms
Own Platform
MetaTrader 5
MetaTrader 4
Web trader
Deposit methods
UnionPay, PayPal, Credit/Debit Cards, Wire
Regulated by
IIROC
MAS
FCA
CFTC
ASIC
97
Min. deposit
-
Max. leverage
1:200
Bonus
Used by
-
Min. Spread
0.8
Trading platforms
Own Platform
MetaTrader 5
MetaTrader 4
Web trader
Deposit methods
UnionPay, PayPal, Credit/Debit Cards, Wire
Regulated by
IIROC
MAS
FCA
CFTC
ASIC

 

Cryptocurrency trading in Vietnam

Over the past few years, Vietnam has seen a surge in Cryptocurrency trading. This may be an exciting new playground for traders and brokers. The possession of Cryptocurrency is not prohibited, so it’s gaining more and more popularity among Vietnamese traders, who choose Bitcoin, Ethereum or Dogecoin over more traditional assets. In addition to “standard” Cryptocurrencies such as Bitcoin and Ethereum, other rarer Pi-coin is gaining popularity in Vietnam.

Analyzing the Cryptocurrency market in Vietnam, it can be seen that more than 5.9 million people, or 6.1% of the total population of Vietnam, currently own Cryptocurrency. And the number is constantly growing since more and more people want to grab opportunities provided by the new growing market. 

Can Vietnam become a global Crypto hub? This is possible in many ways. Vietnam ranked second in the world in terms of the cost of retail and all Cryptocurrency transactions on the network, ahead of the likes of the United States, China, and Russia. In addition, access to Cryptocurrency websites and trading platforms ranked among the top five in the world.

But what about Crypto trading in Vietnam? More than half of Vietnamese expressed interest in investing in Cryptocurrencies in the future, and 31% said they would use Cryptocurrencies for online payments. 

AvaTrade will be one of the perfect choices for you, as it is a one of the most trusted brokers. You will have access to more than 1250 assets, including Cryptocurrencies and 24/7 multilingual support all over the globe.

In addition to the traditional trading instruments such as Forex, AvaTrade offers Cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Ripple, Dash, Litecoin, Bitcoin Gold, and EOS. While most brokers prefer to avoid Cryptocurrencies and others normally offer Bitcoin and Ethereum, AvaTrade goes the extra mile and provides you with the entire range of these digital assets.

AvaTrade has a very formidable regulatory base and is licensed by such institutions as IIROC, BVIFSC, FSCA, ASIC, ADGM, FSA and FFAJ. It also offers such useful platforms and features as AvaSocial and AvaTrade Protection. The first platform is the Copy Trading platform that enables you to copy the performance of successful traders you choose and gain with them the way they trade. Second one provides reimbursement for losing trades at the end of the month in exchange for a hedging cost you pay to access this tool.

97
Min. deposit
50$
Min. Spread
0.1
Bonus
Max. leverage
1:400
Used by
350000+
Trading platforms
Web Platform
ZuluTrade
MetaTrader 5
MetaTrader 4
Deposit methods
Bitcoin, Sofort, UnionPay, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
ISA
ADGM
FFA of Japan
FSA of Japan
FSCA of South Africa
Central Bank of Ireland
CySEC
FSC of BVI
ASIC
97
Min. deposit
50$
Max. leverage
1:400
Bonus
Used by
350000+
Min. Spread
0.1
Trading platforms
Web Platform
ZuluTrade
MetaTrader 5
MetaTrader 4
Deposit methods
Bitcoin, Sofort, UnionPay, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
ISA
ADGM
FFA of Japan
FSA of Japan
FSCA of South Africa
Central Bank of Ireland
CySEC
FSC of BVI
ASIC

 

Forex trading with Islamic accounts in Vietnam

According to the most recent census, there are 66,000 Muslims in Vietnam. Although the Muslim community is only 1% of Vietnam’s population, the Vietnamese respect the Muslim community with positive opinion due to the tolerant approach. All of the above makes it important to consider Islamic accounts.

AvaTrade is a reputable broker on our list that fully tailors their Islamic Forex accounts to the individual client. As an Islamic account holder, you can expect zero rollover fees (overnight fees) or daily swaps. Instead, you will be charged administration fees when trading Forex. This means that you can still stay true to the laws of Islamic finance.

AvaTrade provides its clients with detailed educational materials and product knowledge. Its portfolio of assets currently exceeds 1250, including currency pairs, Cryptocurrencies, stocks, indices, and commodities. AvaTrade offers beginners a demo account that will allow trading up to $100,000.

97
Min. deposit
50$
Min. Spread
0.1
Bonus
Max. leverage
1:400
Used by
350000+
Trading platforms
Web Platform
ZuluTrade
MetaTrader 5
MetaTrader 4
Deposit methods
Bitcoin, Sofort, UnionPay, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
ISA
ADGM
FFA of Japan
FSA of Japan
FSCA of South Africa
Central Bank of Ireland
CySEC
FSC of BVI
ASIC
97
Min. deposit
50$
Max. leverage
1:400
Bonus
Used by
350000+
Min. Spread
0.1
Trading platforms
Web Platform
ZuluTrade
MetaTrader 5
MetaTrader 4
Deposit methods
Bitcoin, Sofort, UnionPay, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
ISA
ADGM
FFA of Japan
FSA of Japan
FSCA of South Africa
Central Bank of Ireland
CySEC
FSC of BVI
ASIC

 

How to start Forex trading in Vietnam?

If you use international, you will probably search for the best choice and the right trading methods. Here are some tips to start  Forex trading in Vietnam:

Speedy Internet connection

Nowadays, it is possible to trade Forex from almost any device with a stable Internet connection, whether it is a mobile phone or a computer. 

A reliable Broker

 You need to find a reliable, regulated broker for your trading: the right one will oversee all trading processes to run smoothly.

Top-up your account balance

Once you have a fully functional account, you’re good to deposit your trading funds. You can do it through a variety of methods, including bank cards, transfers, electronic wallets, etc.

Practice and place your first deal

When your deposit clears, you can officially begin trading by placing your first order through your broker. By doing so, you can also manage risk by expanding your approach.

With some brokers you can trade on your own, while with others you can use the Copy Trading feature, which gives you the opportunity to earn some passive income. It is ideal for beginners as you can follow professional traders and simply mirror their movements. This will completely cover your experience gap and save you a lot of time if you don’t want to trade 24/7.

NAGA Markets, a trustful broker that originated from Germany, is in the market to introduce users to all possible benefits of Copy Trading. NAGA Autocopy is an innovative feature that lets you automatically copy leading traders on the platform and learn from their experience.

Moreover, it offers a wide choice of trade instruments and educational materials to make trading more effective and secure. The last point is guaranteed by several reputable regulative bodies, those rules NAGA has to follow such as FCA and CySEC.

96
Min. deposit
250$
Min. Spread
0.7
Bonus
Max. leverage
1:1000
Used by
1000000+
Trading platforms
Web Platform
MetaTrader 5
MetaTrader 4
Deposit methods
Maestro, GiroPay, iDEAL, PayPal, Credit/Debit Cards, Skrill
Regulated by
FCA
CySEC
96
Min. deposit
250$
Max. leverage
1:1000
Bonus
Used by
1000000+
Min. Spread
0.7
Trading platforms
Web Platform
MetaTrader 5
MetaTrader 4
Deposit methods
Maestro, GiroPay, iDEAL, PayPal, Credit/Debit Cards, Skrill
Regulated by
FCA
CySEC

 

Top Binary options Brokers in Vietnam

Many new traders prefer to start their trading careers with Binary options since they are easier to understand than the Forex market in general. Binary options trading mechanism sets only one goal: to predict whether the price of an asset will go up or down. Mastering them takes relatively less time, and trading demands a device as simple as a mobile phone.

As a trader, you can make a living with Binary options or combine them with other forms of trading to create a diversified investment portfolio for yourself. However, sometimes choosing a reliable Binary options broker is a difficult task not only for beginners. 

ExpertOption in Vietnam

ExpertOption is one of the largest Binary options brokers and is very popular among traders. ExpertOption has its own developed app that is simple and convenient to use. Being a relatively young broker, it has over 70 million registered users and works with more than 20 payment systems. ExpertOption provides clients the opportunity to invest in rising and falling markets. With the broker, you can trade Binary options, Forex, Stocks, Commodities, and Cryptocurrencies.

Pro-tip: Top up your account within the first hour after registration to get a 100% bonus on your deposit. 

93
Min. deposit
10$
Min. Spread
0.01
Bonus
Max. leverage
1:100
Used by
70000000+
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
OrangePay, FasaPay, JCB, M-Pesa, UnionPay, Yandex Money, QIWI, Perfect Money, WebMoney, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
VFSC
SVGFSA
93
Min. deposit
10$
Max. leverage
1:100
Bonus
Used by
70000000+
Min. Spread
0.01
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
OrangePay, FasaPay, JCB, M-Pesa, UnionPay, Yandex Money, QIWI, Perfect Money, WebMoney, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
VFSC
SVGFSA

 

IQ Option in Vietnam

IQ Option is one of the brokers that has managed to attract millions of traders from all over the world in a short period of time. The main reason for this is their innovations and a huge choice of trading instruments, including Forex, Cryptocurrencies, or equities. One of them is Binary options with a minimum investment of $10 to access. The period may be set from one minute to one month, and the potential return may be as high as 95% on a correct prediction. In addition to that, IQ Option doesn’t charge brokerage fees on this service. 

95
Min. deposit
10$
Min. Spread
0.5
Bonus
Max. leverage
1:1000
Used by
48000000+
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
UnionPay, Boleto, WeChat Pay, Jeton, AstroPay, Yandex Money, QIWI, Perfect Money, AdvCash, ClickPay, WebMoney, Klarna, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
CySEC
95
Min. deposit
10$
Max. leverage
1:1000
Bonus
Used by
48000000+
Min. Spread
0.5
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
UnionPay, Boleto, WeChat Pay, Jeton, AstroPay, Yandex Money, QIWI, Perfect Money, AdvCash, ClickPay, WebMoney, Klarna, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
CySEC

 

Top Forex Brokers in Vietnam

The financial market in Vietnam has been operating since the beginning of the new millennium. For many decades, it has gone through stages of crisis and recovery, but in recent years it has shown steady growth.

The entry of the largest international brokers into the Vietnamese market is another proof that Forex trading is becoming more and more popular. Moreover, experts recommend investing in both short and long positions. We will help you choose a qualified broker that has millions of users around the world.

OANDA in Vietnam

OANDA – a reputable US-originated broker with millions of clients around the world and long history of operations – for more than 2 decades of work earned itself a stellar reputation among users, compiling with a slew of global regulators at the same time.

The broker is an excellent choice for new traders, since there are demo accounts available together with detailed educational materials and market insights, and no minimum deposit requirement. With minimal commissions and spreads, a variety of trading instruments including Forex, Indices, Commodities and Crypto including Bitcoin and Ether, advanced trading platforms and mobile apps, there are also Forex bonuses of up to $1000 on your first deposit.

The XM Group in Vietnam

XM Group is a popular Forex broker in Vietnam. XM comes as an ‘all-inclusive’ broker that combines the vastness of trading instruments and platform choice with attractive trading conditions. XM Group has been providing remote trading services on global financial markets since 2009.

The XM brand is one of the most secure and protected among brokerage companies. It holds most of the world’s most prestigious financial licenses, including CySEC; IFSC; ASIC and FCA.

It also offers a multi-level Forex bonus program: mainly, there are three bonus types complementing each with free VPS and zero-fee deposits and withdrawals. The broker offers a 100% automatic entry bonus of up to $5000 and a transparent referral program: you get $35 for each friend that joins XM as your referral.

 

AvaTrade in Vietnam

AvaTrade is one of the most well-known Forex brokers in the world. For more than 11 years, AvaTrade has become one of the leading online trading platforms, as evidenced by a growing number of positive customer reviews. The main goal of AvaTrade is to provide the highest quality services to all traders without exception.

With AvaTrade, clients can enjoy access to more than 1250 assets including currency pairs, Cryptocurrencies, stocks, indices, and commodities, the ability to trade on a computer, smartphones, or tablets and security of their funds since it’s stored in segregated accounts. 

 

NAGA Markets in Vietnam

NAGA is one of the top-rated brokers and one of the leading social investing platforms in Vietnam. Naga is a fully licensed and regulated broker with over 950 trading instruments and assets.

It also allows every user to trade like a pro, even if they are new to the trade. NAGA has made this possible with a special automatic copying feature. NAGA AutoCopy is an innovative feature that allows you to automatically follow top traders on the platform and learn from their experiences.

All in all, NAGA shows us a company that is based on strong technology and advanced trade innovation. Thus, when trading with NAGA, you will find huge investment opportunities, whether you are a beginner or a professional trader, and social trading will help you succeed.

 

HF Markets in Vietnam

HF Markets is an award-winning Straight-Through Commodity and Forex Broker (STP Broker) that provides trading services and facilities to both retail and institutional clients. HF Markets is preferred by traders from all over the world as it has a policy of providing the best trading conditions to its clients.

HF Markets offers a powerful solution to trade CFDs and Forex, also with costs built into the tight spread. Being a fully regulated broker in various jurisdictions, HF Markets maintains safe trading capabilities and delivers various solutions including Zero Spread trading, Islamic Accounts, and cumulative Forex bonuses up to $8000.

HF Markets also offers Gold trading with low transaction costs and flexible leverage. You can open a live trading account and start trading gold with this broker.

 

By registering and confirming an account with several of the TOP brokers in Vietnam, you can not only compare trading platforms to find the most fitting one but also maximize the Forex bonuses you receive. It will allow you to conduct more tests of various trading strategies and set the way to become a real pro-trader.

 

Top Forex brokers in Vietnam - FAQ

There is no specific legislation governing Forex trading, but it is not a problem: you can safely trade Forex in Vietnam. Just choose an international broker that is regulated by the most reputable regulatory organizations such as CySEC, IFSC, ASIC. The reputable global brokers we mentioned in the article accept traders from Vietnam.
As Vietnam has a large Muslim population, it generates demand for Forex Islamic accounts. So far, we've covered everything there is to know about Islamic Forex brokers and what metrics are important when choosing one. So trading and still following Sharia law is more than just “possible” there. Some brokers we mentioned in the article provide Muslim traders with Islamic accounts, including a swap-free one with a fixed fee instead of a swap.
The Vietnamese financial and Forex markets attract attention with a close-knit trading community, which includes even Muslim traders. Brokers are really interested in increasing the number of their users, so they have various attractive offers for this. One of them is the trading bonus program. Read our article to find out how to get a deposit bonus of up to $5000.
International Forex brokers, which have proven their reliability with time and millions of clients around the world, are the most popular in Vietnam as well. In our article, we recommend only regulated brokers that provide many advanced trading tools, including Copy Trading, transparent bonus programs for different types of trader activities (for example, accruing up to $5,000 on your first deposit), as well as the possibility of cryptocurrency and binary options trading.
The possession of Cryptocurrency is allowed in Vietnam. Therefore, investments in Crypto are also very much encouraged. You just need to choose a broker based outside the country which can offer you different types of Cryptocurrencies. Top Crypto brokers listed in this article will help you become a successful trader.