The Best Forex Brokers For Vietnam

Despite the tricky forex market regulations in Vietnam, Vietnamese citizens can still get unlimited access to the forex market. And that is precisely what this review is about; showing you the best forex brokers to connect Vietnamese traders to the forex market.

The Best Forex Brokers For Vietnamese Traders

One of the essential things to consider when choosing the best brokers is the broker’s regulatory status. Interestingly, all the brokers on our list of “the best brokers in Vietnam” are licensed by the top regulatory authorities in the industry.

Without further ado, here is our list of the best forex brokers in Vietnam.

BrokerBest ForNumber Of Currency PairsAverage Spreads
Minimum Deposit
AvaTradeOverall Best50+ pairs0.9 pips$100
XMHighly trusted50+ pairs1.7 pips$5
IC MarketsFor every forex trader, regardless of trading skill61+ pairs0.77 pips$200
HF MarketsFor beginners50+ pairs1.3 pips$5
FXTM For when you simply want to trade forex60+ pairs1.5 pips$10
FP MarketsFor Its Educational Resources60+ pairs1.3 pips$100
eToroFor Copy Traders49 pairs1 pip$10
RoboForexVariety of trading instruments36+ pairs1.3 pips$10
Vantage MarketsFor the pros40+ pairs1.4 pips$200
EightcapFor Its Ease of Use40+ pairs1.2 pips$100


Overall Best

Key features
  • Over 50 forex currency pairs
  • $100 minimum deposit
  • 0.9 pips average spread on EURUSD
  • Demo account
  • Website:

With so many incredible features and trading tools, AvaTrade is a clear contender for one of the best forex brokers in Vietnam.

But don’t just take our word for it. Here are some things the broker does well:

Firstly, AvaTrade has a host of powerful trading platforms, including its proprietary AvatraderGo and AvaOptions. These trading platforms are feature-rich for traders who prefer to trade in style.

Secondly, the broker offers a wide range of trading instruments, such as stocks, CFDs, cryptocurrencies, etc. Traders who want to diversify their portfolios will see this as good news.

Thirdly, account types for various trader skills and preferences exist. For instance, the broker has retail, professional, Islamic, and MAM accounts.

The list could go on and on, but here’s the long and short of it: AvaTrade remains one of the best forex brokers for Vietnamese traders.

  • Great trading tools
  • Easy and fast account opening
  • Multiple financial instruments
  • Free deposit and withdrawal fees
  • High inactivity fees

XM Group

Highly trusted

Key features
  • $5 Minimum Deposit
  • Demo account
  • Over 1,000 trading instruments
  • 1.7 pips average spread on EURUSD
  • Website:

With a generous selection of over 1,000 trading instruments, XM is undoubtedly one of the best forex brokers in Vietnam. The online brokerage was launched in 2009 and has grown to become a leader among others, with millions of clients from over 190 countries.

Through its very minimal minimum deposit of only $5, XM Group literally opens its arms to welcome traders of all trading skills. And for beginners who may need help navigating the forex world, XM offers modest educational resources and a knowledgeable customer support team. Members of this support team all speak Vietnamese, and they can be reached via various contact channels.

These seemingly little things and many more that XM Group does well are what booked them a spot on this list of the best forex brokers in Vietnam.

  • Low initial deposit
  • Free deposits and withdrawals
  • Wide spreads

IC Markets

For every forex trader, regardless of trading skill

Key features
  • Over 2,250 trading instruments
  • $200 minimum deposit
  • 0.77 pips spread on EURUSD
  • Demo account
  • Website:

IC Markets is a reputable forex broker that has grown to become one of the world’s largest MT4 Forex CFD providers. The broker prides itself as “the largest trading platform in the world by Forex volume,” with a trading volume of $1.11 trillion in trading volume.

When you take a look under the hood, it is not surprising how the broker has achieved such a feat.

First off, the broker offers some of the best spreads with spreads starting from 0.6 pips on its standard account. Their other two accounts have an average of 0.1 pips on the EURUSD pair.

Do you prefer the Metatrader trading platforms? Or would you rather use cTrader?

With IC Markets, you can express your trading skills using any of those trading platforms. The broker offers each trading platform for every kind of device.

These features, and some more, make IC Markets one of the best forex brokers in Vietnam.

  • Advanced trading platforms
  • Ultra-Tight Variable Spreads & Low Commissions
  • No Fees For Deposits Or Withdrawals
  • Higher Minimum Deposit

HF Markets

For beginners

Key features
  • Over 1,200 trading instruments
  • Over 50 pairs
  • 1.3 average spread on EURUSD
  • Website:

HF Markets is another forex broker that gets down to earth with Vietnamese traders. How so? Vietnamese forex traders can have the entire HF markets website rendered in their language.

However, if that were all HF markets had going for them, they wouldn’t be on this list of the best forex brokers in Vietnam. So, why do we have HF Markets here?

Since its launch in 2010, HF Markets (HFM) has rapidly grown to become one of the leading forex brokers, with over 3,500,000 live accounts opened. The forex broker has won many brokerage awards internationally, having consistently offered top-of-the-chart trader services for their clients.

These qualities are spread around through the broker’s many trading accounts, trading platforms, charting tools, vast forex academy, and investment categories.

  • Advanced trading platforms
  • A good selection of learning resources
  • Free deposit and withdrawal fees
  • HF Markets’ copy trading program requires a minimum balance of €300 to copy other trading strategies


For when you simply want to trade forex

Key features
  • $10 minimum deposit
  • Over 60 currency pairs
  • 1.5 pips average spread on EURUSD
  • Demo account
  • Website:

FXTM is a leading global CFD and FX broker that was launched in 2011. Clients can trade multiple financial instruments across a wide range of asset classes through the online broker’s cutting-edge trading platforms, which are available in desktop, web, and mobile versions.

FXTM’s customer service is one standout feature of this broker. Many clients have applauded them for their prompt and relevant responses. But this was only made possible by the broker’s global network of offices, which spans Europe, Africa, Asia, and Latin America.

Another thing FXTM has going for it is its modest investment in forex education. Although we have to admit it is not best-in-class, it is just enough to get beginners going on the forex journey.

  • Responsive customer support team
  • Relatively low minimum deposit.
  • Inactivity and withdrawal fees

FP Markets

 For Its Educational Resources

Key features

FP Markets is an Australian multi-asset broker that was founded in 2005. The company has a daily trading volume of over one billion dollars and clients from over 80 countries. That alone is enough proof that the broker is doing something right.

Since its inception, the forex broker has built an enviable reputation by adhering to stringent regulations imposed by leading regulatory bodies such as the Australian Securities and Investments Commission (ASIC).

It’s pretty sad, though, that FP markets do not offer a proprietary trading platform or any of the modern trading platforms. However, what the broker lacks in that aspect, it makes up for it with its exciting array of trading tools, such as Autochartist, PAMM and MAM accounts, forex calendar, and more.

And finally, FP Markets offers a wide selection of trading instruments that range from shares to commodities and ETFs. All of these make it easy for clients to diversify their trading portfolios.

  • Well-regulated and trustworthy
  • Extensive educational resources
  • FP Markets’ Iress platform is more suited for shares trading rather forex trading


For Copytraders

Key features
  • $10 minimum deposit
  • Demo account
  • 49 forex pairs
  • 1 pip average EURUD spread
  • Website:

eToro is an industry-leading forex broker. Because they are regulated in many different jurisdictions around the world, traders can be sure that their investments and safe, and they can fully focus on their trading activities.

But where the broker shines the brightest is its social trading platform, which allows you to copy the trading signals of other users automatically.

However, if you would rather do your trading yourself, eToro has an excellent set of analytical tools that can help traders of all skill levels make great investment and trading decisions in stocks and cryptocurrencies, and forex.

  • The proprietary platform is relatively easy to use.
  • Advanced Copy Trading platform
  • Large social trading community
  • $10 inactivity fee after 12 months


Variety of trading instruments

Key features
  • $10 minimum deposits
  • 36 currency pairs
  • Over 1,200 trading instruments
  • 1.3 pips average on EURUSD
  • Website:

Headquartered in Belize, RoboForex is an award-winning brokerage firm that has been operating since 2009. The broker is regulated by the International Financial Services Commission (IFSC number 000138/210).

RoboForex has earned a good reputation over the years as a well-regulated broker (the RoboMarkets group is also regulated by CySEC), with 3 million live accounts opened since inception. The broker offers over 1200 different trading instruments from eight different asset classes. Traders can use cutting-edge trading platforms such as MT4, MT5, cTrader, and others.

  • Knowledgeable customer support team
  • Multiple trading platforms
  • Well-regulated and trustworthy
  • No visible educational resources on the website.

Vantage Markets

Markets For the pros

Key features

Vantage Markets is a global Forex broker specializing in multiple asset classes including CFDs on forex, indices, commodities, exchange-traded funds (ETFs), and stocks. The broker has been in business since 2009, providing clients with swift execution and highly competitive spreads.

Perhaps, the first thing that’ll endear Vietnamese forex traders to Vantage Markets is that the broker has a rendition of their website in the Vietnamese language. Nothing beats speaking to a trader in the language he or she best understands.

To help customers make the most of the opportunities presented by online CFD trading, the company provides them with a wide range of trading tools, drawing tools, analysis tools, market analysis, and educational materials.

Although Vantage offers the MT4 and MT5 trading platforms, the forex broker takes things further with its proprietary Vantage app. With this app, traders can easily monitor their trades, do some quick research, and even get some complex analysis in, all while on the move.

In addition, the broker also offers ProTrader by TradingView, for advanced charting functionalities.

  • Fast and free withdrawals
  • Advanced trading platforms
  • Relatively high minimum deposit


Markets For the pros

Key features
  • Over 40 forex currency pairs.
  • $100 minimum deposit.
  • Average spread of 1.2 pips on EURUSD
  • Demo account
  • Website:

Launched in Melbourne, Australia, in 2009, Eightcap is a regulated broker that provides traders with online trading across a modest of trading instruments.

This forex broker doesn’t offer you the most currency pairs to trade. However, it allows traders to all major pairs with many minor and cross pairs. Bottom line: Eightcap offers just enough forex pairs for any serious trader to work with.

In addition, Eightcap offers multiple account funding options without charging traders for using them. The broker also doesn’t charge for withdrawals.

However, a potentially huge downside to using Eightcap is that their demo account expired after 30 days.

  • TradingView integration for professional charting
  • Low commission fees and commission-free accounts
  • No inactivity fees
  • The demo account expires after 30 days
  • Could improve educational material

Other Comparisons

This section contains how the best forex brokers in Vietnam on our list fare when pitted against one another on certain factors.

Funding Options

AvaTradeXMIC MarketsHF MarketsFXTMFP MarketseToroRoboForexVantage MarketsEightcap
Minimum Deposit$100$5$200$5$10$100$50$10$200$100
Bank Wire FundingYesYesYesYesYesYesYesYesYesYes
Debit/Credit FundingYesYesYesYesYesYesYesYesYesYes
Check FundingNoNoNoNoNoNoNoNoNoNo
Paypal FundingNoNoYesNoNoYesYesNoNoYes
Payoneer FundingNoNoNoNoNoNoNoNoNoNo
Skrill FundingYesYesYesYesYesYesYesYesYesYes
Neteller FundingYesYesYesNoYesYesYesYesYesYes
China Union Pay FundingNoYesYesNoNoYesNoYesYesYes
Klarna FundingNoNoNoNoNoNoYesNoNoNo
Deposit FeesFreeFreeFreeFreeFreeFreeFreeFreeFreeFree
Inactivity Fees$50 tri-monthly$5 monthlyFreeFree$5 monthlyFree$10 monthlyFreeFreeFree

Withdrawal Fees

AvaTradeXMIC MarketsHF MarketsFXTMFP MarketseToroRoboForexVantage MarketsEightcap
Bank WireFreeFreeFreeFree$30Free$5FreeFreeFree
OthersFreeFreeFreeFree0.5% – 2%Varies$5FreeFreeFree

Trading Platform

AvaTradeXMIC MarketsHF MarketsFXTMFP MarketseToroRoboForexVantage MarketsEightcap
Proprietary PlatformYesYesNoYesNoNoYesYesYesNo
Desktop PlatformYesYesYesYesYesYesNoYesYesYes
Web PlatformYesYesYesYesYesYesYesYesYesYes
Mobile PlatformYesYesYesYesYesYesYesYesYesYes
Metatrader 4 (MT4)YesYesYesYesYesYesNoYesYesYes
Metatrader 5 (MT5)YesYesYesYesYesYesNoYesYesYes
Automated TradingYesYesYesYesYesYesYesNoYesYes
Demo AccountYesYesYesYesYesYesYesYesYesYes
Social/Copy TradingYesYesYesYesYesYesYesYesYesNo


AvaTradeXMIC MarketsHF MarketsFXTMFP MarketseToroRoboForexVantage MarketsEightcap
Market GlossaryNoNoNoNoYesYesNoNoNoNo
Physical EventsNoNoNoYesNoYesYesNoNoNo
Blogposts and ArticlesYesNoNoYesYesNoNoNoYesYes

What You Need to Know About Trading Forex In Vietnam

Hopefully, that list of the best forex brokers in Vietnam is enough to help you make an informed decision about your choice of broker. However, there are more things involved concerning forex trading in Vietnam.

Here’s where we shed more light on them.

Is Forex Trading In Vietnam Legal?

It is illegal for a forex broker to operate in Vietnam. The presiding bank in the country, the State Bank of Vietnam, made forex floor trading illegal in 2014. Since then, forex brokers have been unable to operate from within the country. But Vietnamese forex traders have alternatives offshore.

International forex brokers are the entities Vietnamese forex traders rely on to get access to the forex market.

How To Choose A Forex Broker In Vietnam

Here are some things you may need to consider before choosing a broker in Vietnam:

1. Regulation

As we mentioned earlier, forex brokers are not allowed to operate in Vietnam, and Vietnamese forex traders can only access the markets through international brokers. As a result, some scrupulous forex brokers have tried to penetrate the Vietnamese market and rip innocent traders off their hard-earned monies. This is why you must be careful.

For any broker that tries to sell itself to you, make sure you find out if reputable regulatory bodies in other countries regulate it. These reputable regulatory bodies include FCA, SFC, CFTC, JFSA, IIROC, FMA, FINMA, MAS, CBI, and others.

2. Spreads, fees, and commissions

The three common ways brokers make their money are through spreads, fees, and commissions. And while all brokers are open about their spreads, and sometimes commissions, the fees are where some play downright dirty.

So, for any broker you choose to trade with, ensure that you are familiar with all the broker fees and spread structure, and whatever commissions they intend to claim. Approach the broker cautiously until you know them all and are sure you can live with them.

3. Trading tools

The trading tools department is where most brokers try to outdo themselves, which is good news for the trader.


Because the more trading tools the broker provides, the more tools you can call upon to make your trading decisions.

You should also know that “more” doesn’t always translate to “merrier.” Some brokers only offer a few trading tools, which are very powerful.

Who Are The Best Forex Brokers For Vietnam?

The best forex brokers for Vietnam are: