Top 13 Forex Exchanges in Vietnam: A Detailed Guide Comparing the Leading Forex Trading Platforms

The foreign exchange market is increasingly attracting the attention of Vietnamese investors, but finding a suitable forex platform is not easy. With numerous trading platforms emerging, each claiming credibility, choosing one can easily lead to confusion. This article will help you compare 13 prominent forex platforms, so you can select the most suitable one for your trading needs.

Comparison Table of 13 Popular Forex Trading Platforms in Vietnam

13 Trusted Forex Platforms Chosen by Many Vietnamese Investors

1. Mitrade – Optimal Choice for Beginners

Mitrade stands out in the Vietnamese forex market thanks to its simplicity and user-friendliness. Licensed by ASIC and CIMA, this platform offers smooth trading with an easy-to-use interface, suitable for newcomers to financial investment.

With a maximum leverage of 1:200 and no commission fees, Mitrade allows you to trade over 300+ markets including forex, commodities, indices, international stocks, and cryptocurrencies. The platform supports both mobile apps (iOS, Android) and web, enabling you to trade anytime, anywhere.

Key advantages:

• No commission fees
• Competitive spreads with leverage up to 1:200
• Free demo account with 50,000 USD virtual capital
• Fast and reliable order execution
• Up to 100 USD bonus for new account opening

Registering only takes 3 simple steps: fill in personal information → deposit at least 50 USD → start trading on global markets.

2. Exness – Platform with Extremely High Leverage and No Deposit Requirement

Founded in 2008 and verified by FSA Seychelles, Exness is a familiar choice among Vietnamese forex investors. Known for its huge leverage up to 1:2000, allowing traders to start with a $0 account.

Exness offers over 130 financial instruments with ultra-fast order execution at just 0.01 seconds. Besides forex trading, you can trade cryptocurrencies, metals, and CFD stocks on MT4, MT5, or Exness Web Terminal.

Key advantages:

• Max leverage of 1:2000
• Accounts can start from $0
• Supports 103 currency pairs
• 24/7 free withdrawals
• Extremely fast order execution at 0.01 seconds

Note: Withdrawal processing time may be longer than some other platforms.

3. FBS – Popular Forex Platform with Low Spreads

FBS is well-known in Vietnam for its lowest spreads among standard forex brokers. Licensed by IFSC (Belize) and CySEC (Cyprus), with a minimum deposit starting at $1 .

FBS provides forex, indices, stocks, metals, and energy trading on MetaTrader 4, MetaTrader 5, and FBS Trader with maximum leverage of 1:3000.

Key advantages:

• Minimum deposit from $1
• Max leverage 1:3000
• Low spreads, among the lowest in the market
• Attractive ongoing promotions
• Supports deposits via Vietnamese banks

4. IC Markets – Perfect Choice for Scalpers

IC Markets is a Vietnamese forex broker favored by scalpers due to its advanced ECN order matching technology. Established in 2007 in Sydney with an ASIC license, IC Markets has a long-standing and reputable operation history.

ECN technology allows for extremely low spreads, with competitive commissions (around $3.5 per lot), ideal for scalping and day trading strategies.

Key advantages:

• Advanced ECN technology
• Very low spreads compared to regular brokers
• Competitive commissions
• Leverage of 1:500
• Super-fast order execution

5. FXTM (FXTM) – MT4/MT5 Platform with Multiple Account Types

FXTM is a reputable forex broker with over 9 years of experience, regulated by the Mauritius Financial Services Commission (MFSA). Owned by Alpari, a major name in forex.

FXTM features 7 different account types, allowing you to choose the most suitable. The MT5 platform offers 21 timeframes, nearly 100 real-time charts, over 80 technical indicators, and an integrated economic calendar.

Key advantages:

• Max leverage of 1:1000
• 7 account types to choose from
• Cent account for beginners
• Training programs and competitions with valuable prizes
• Deposit from $5

6. XM – Large Forex Broker with Famous Bonus Program

XM is the largest forex broker licensed by CySEC (Cyprus), offering over 1000 financial instruments on MT4 and MT5. XM is famous for its “Welcome Bonus” campaign widely advertised.

Known for fast order execution, XM currently does not support deposits via PayPal, which is a limitation that could be improved in the future.

Key advantages:

• Max leverage of 1:888
• Over 1000 trading instruments
• Account bonus $30 - Fast order execution
• Deposit from $30

$5 7. Nord FX – Reliable Forex Broker with Over 10 Years of Experience

Nord FX was established in 2008 and licensed by three top-tier organizations: CySEC, SEBI, VFSC. It is a trusted choice for many Vietnamese forex investors.

In addition to forex pairs, Nord FX offers 16 cryptocurrencies and a proprietary investment fund. With over 10 years of financial experience, the platform provides professional services and high convenience.

Key advantages:

• Max leverage of 1:1000
• Managed by three top-tier organizations
• 16 cryptocurrencies
• Deposit from ###- 33 forex pairs

$10 8. FXPro – UK Forex Broker with High Security

FXPro is a UK-based forex broker regulated by CySEC with CIF license number 078/07. It is one of the most reputable forex brokers worldwide with a lively marketing campaign.

Key advantages:

• Max leverage of 1:500
• Managed by CySEC
• 70+ currency pairs
• Minimum deposit ###- 250+ trading instruments

$100 9. HotForex – Large Forex Broker with Massive Trading Volume

Founded in 2007 and operating for over 13 years, HotForex is one of the largest forex brokers globally. It is tightly regulated by FCA, CySEC, DFSA, FSCA, and SFSA.

HotForex’s MT5 platform offers 21 timeframes, nearly 100 real-time charts, over 80 technical indicators, and an economic calendar, helping you analyze markets more effectively.

Key advantages:

• Max leverage of 1:1000
• Regulated by 5 authorities
• Deposit from ###- 50 currency pairs
• Strong fund security system

$5 10. Pepperstone – Australian Forex Broker with Low Spreads and Fast Withdrawals

Pepperstone was founded in 2010 in Australia, regulated by ASIC and FCA. Known for low spreads, quick deposit/withdrawal processes, and attentive customer support.

As an ASIC member, Pepperstone is supervised by top regulatory agencies, ensuring credibility and quality service.

Key advantages:

• Max leverage of 1:400
• Managed by ASIC and FCA
• Low spreads
• Fast deposits and withdrawals
• Minimum deposit ###

$200 11. Tickmill – New Forex Broker with Top-tier Quality

Although operating for less than 5 years, Tickmill has proven its credibility. Regulated and supervised by FCA ###UK(, ensuring that traders’ orders are sent to the real market rather than being held by the broker.

Extremely competitive spreads, especially on popular EUR/USD pairs, make Tickmill a good choice for many traders.

Key advantages:

• Max leverage of 1:500
• Managed by FCA
• Favorable spreads on EUR/USD
• Deposit from )- 62 currency pairs

$25 12. XTB – Polish Forex Broker with 17 Years of Experience

XTB was founded in 2002 in Poland, with 17 years of industry experience. Managed by FRN ###UK( and listed on the Warsaw Stock Exchange since 2016.

Orders on XTB are executed instantly at the best prices. Traders can receive rebates on each closed order, paid monthly. Customer support is available 24/7 with quick response and resolution.

Key advantages:

• Max leverage of 1:200
• 17 years of experience
• Very fast order execution
• Rebate on trading fees
• 24/7 support

) 13. Etoro – User-friendly Copy Trading Platform for Beginners

Etoro was founded in 2006 in Israel with a unique copy trading feature, making it easy for beginners to start. Its friendly, intuitive interface helps you get familiar quickly.

Etoro’s monitoring, calculation, and reporting system is highly visual, helping you manage your total assets easily. The platform’s order placement system is secure, minimizing risks.

Key advantages:

• Convenient copy trading function
• Friendly, easy-to-use interface
• Visual monitoring system
• 1500+ trading instruments
• Flexible leverage

Criteria for Choosing a Trustworthy Forex Broker for Vietnamese Investors

Choosing a reliable forex broker is a crucial decision that directly impacts your trading success. Here are essential criteria to consider.

Verify Licenses and Regulations

The first step is to verify the broker’s operating license. Reputable brokers must be licensed by top regulatory bodies such as ASIC ###Australia(, CySEC )Cyprus(, FCA )UK(, IFSC )Belize(.

Visit the official websites of these regulators to confirm license information. For example, if a broker claims to be regulated by ASIC, check the ASIC website and search for the company name to verify.

) Evaluate Trading Platform

The trading platform should:

• Be intuitive and user-friendly, even for beginners
• Have a stable mobile app ###iOS, Android(
• Offer fast order execution
• Provide comprehensive and accurate analysis tools

) Check Deposit and Withdrawal Fees

Compare:

• Minimum deposit amount
• Deposit fees ###if any(
• Withdrawal processing time
• Withdrawal fees
• Available payment methods

) Assess Customer Support Quality

A reputable forex broker must provide:

• 24/7 support via chat, email, phone
• Support staff speaking Vietnamese or English
• Quick response times
• Effective problem resolution

Determine if the broker is a Market Maker or a true STP/ECN broker

It is very important to confirm that the forex platform operates under an STP/ECN model ###sending orders directly to the real market(, rather than being a Market Maker )broker - broker holding orders(. Market Maker models have conflicts of interest because the broker has incentives to make you lose money.

Profiting from Forex Trading: Opportunity or Risk?

Forex trading is considered a high-profit investment method. Compared to the underlying stock market )which typically yields 10-20% annually(, the forex market allows you to achieve similar returns within weeks or even days.

However, high profits always come with high risks. You could lose your entire capital if you do not have proper risk management plans.

If you want to participate in forex trading, you should:

1. Acquire basic knowledge about the forex market
2. Learn how to analyze price trends
3. Always use stop loss to limit losses
4. Start with a demo account before trading with real money
5. Only trade with money you can afford to lose

Currently, the forex market is experiencing the most volatile price movements in the past 6 months. If you have an investment plan and are ready, don’t miss this opportunity. However, remember that knowledge, discipline, and risk management are the keys to success in trading.

Choosing the right Vietnamese forex platform is the first step. Next, acting with a plan and patience will determine your success or failure in the forex market.