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75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.

The State Bank of Vietnam (NHNN) is the central bank of Vietnam and works to support monetary stability, implement fiscal policies, support institutions’ stability and supervise financial institutions.

While the NHNN banned Floor Foreign Exchange Trading in 2014 to regulate the levels of risk traders were exposed to, it has yet to regulate forex trading with international brokers or restrict the way that they operate in the country.

Best Forex Brokers in Vietnam 2023

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Broker
Overall Rating
Official Site
Min. Deposit
Max. Leverage
Cost of Trading
Platforms
Beginner Friendly
Regulators
Compare
AvaTrade
4.49 /5
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76% of retail CFD accounts lose money
GBP 10030:1USD 9MT4, MT5, Avatrade Social, AvaOptionsExcellentASIC Regulated BrokersFinancial Services Conduct AuthorityCySEC Regulated BrokersFinancial Services AgencyCentral Bank of IrelandFinancial Regulatory Services Authority
Tickmill
4.48 /5
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72% of retail CFD accounts lose money
GBP 10030:1USD 4MT4, MT5ExcellentCySEC Regulated BrokersFCA Regulated Forex BrokersLabuan Financial Services AuthorityFinancial Services Conduct AuthorityThe Seychelles Financial Services AuthorityDFSA Regulated Forex Brokers
XM
4.35 /5
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75.33% of retail CFD accounts lose money
GBP 530:1USD 7MT4, MT5ExcellentCySEC Regulated BrokersASIC Regulated BrokersDFSA Regulated Forex BrokersInternational Financial Services CommissionFinancial Services Conduct Authority
Pepperstone
4.61 /5
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75.8% of retail CFD accounts lose money
GBP 030:1USD 6MT4, MT5, cTraderExcellentFCA Regulated Forex BrokersASIC Regulated BrokersCySEC Regulated Brokers
XTB
4.29 /5
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82% of retail CFD accounts lose money
GBP 030:1USD 7xStation5ExcellentCySEC Regulated BrokersFCA Regulated Forex BrokersDFSA Regulated Forex BrokersInternational Financial Services CommissionKomisja Nadzoru Finansowego
FBS
4.23 /5
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76% of retail CFD accounts lose money
EUR 130:1USD 7MT4, MT5ExcellentCySEC Regulated BrokersASIC Regulated BrokersFinancial Services Conduct AuthorityInternational Financial Services Commission
easyMarkets
3.92 /5
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74% of retail CFD accounts lose money
GBP 2530:1USD 18MT4, MT5StandardCySEC Regulated BrokersASIC Regulated BrokersThe Seychelles Financial Services AuthorityBritish Virgin Islands Financial Services Commission
Vantage FX
4.35 /5
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of retail CFD accounts lose money
USD 5030:1USD 6MT4, ProTraderExcellentFCA Regulated Forex BrokersFinancial Services Conduct AuthorityASIC Regulated BrokersCayman Islands Monetary AuthorityVanuatu
FXCM
4.18 /5
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70% of retail CFD accounts lose money
GBP 5030:1USD 13MT4, TradeStationStandardFCA Regulated Forex BrokersASIC Regulated BrokersFinancial Services Conduct AuthorityCySEC Regulated BrokersBermuda Monetary Authority
IC Markets
4.36 /5
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77% of retail CFD accounts lose money
GBP 20030:1USD 8MT4, MT5, cTraderExcellentCySEC Regulated BrokersASIC Regulated BrokersThe Seychelles Financial Services AuthoritySecurities Commission of the Bahamas
HYCM
4.02 /5
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74% of retail CFD accounts lose money
GBP 10030:1USD 12MT4, MT5StandardCySEC Regulated BrokersFCA Regulated Forex BrokersDFSA Regulated Forex BrokersFinansinspektionenBundesanstalt für FinanzdienstleistungsaufsichtCayman Islands Monetary AuthorityFinancial Services Authority – St. Vincent & the Grenadines
IG
4.69 /5
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70% of retail CFD accounts lose money
GBP 030:1USD 6MT4, L2 Dealer, ProRealTimeExcellentFCA Regulated Forex BrokersASIC Regulated BrokersBundesanstalt für FinanzdienstleistungsaufsichtFinansinspektionen
FP Markets
4.30 /5
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79% of retail CFD accounts lose money
GBP 5030:1USD 7MT4, MT5, cTrader, IRESSExcellentASIC Regulated BrokersCySEC Regulated BrokersFinancial Services Conduct Authority
Admiral Markets
4.18 /5
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76% of retail CFD accounts lose money
GBP 25030:1USD 8MT4, MT5, MT SupremeExcellentASIC Regulated BrokersCySEC Regulated BrokersFCA Regulated Forex BrokersFinancial Services Conduct AuthorityJordan Securities Commission
BDSwiss
4.32 /5
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N/A of retail CFD accounts lose money
GBP 100500:1USD 15MT4, MT5ExcellentFinancial Services CommissionThe Seychelles Financial Services Authority
Trade.com
3.42 /5
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71.36% of retail CFD accounts lose money
GBP 10030:1USD 19MT4, MT5, SirixStandardCySEC Regulated BrokersFCA Regulated Forex BrokersFinancial Services Conduct Authority
IronFX
3.54 /5
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75.35% of retail CFD accounts lose money
GBP 5030:1USD 22MT4StandardCySEC Regulated BrokersFCA Regulated Forex BrokersASIC Regulated BrokersFinancial Services Conduct Authority

Forex Risk Disclaimer

Trading Forex and CFDs is not suitable for all investors as it carries a high degree of risk to your capital: 75-90% of retail investors lose money trading these products. Forex and CFD transactions involve high risk due to the following factors: Leverage, market volatility, slippage arising from a lack of liquidity, inadequate trading knowledge or experience, and a lack of regulatory protection. Traders should not deposit any money that is not considered disposable income. Regardless of how much research you have done or how confident you are in your trade, there is always a substantial risk of loss. (Learn more about these risks from the UK’s regulator, the FCA, or the Australian regulator, ASIC).

Our Rating & Review Methodology

Our State of the Market Report and Directory of CFD Brokers to Avoid are the result of extensive research on over 180 Forex brokers. These resources help traders find the best Forex brokers – and steer them away from the worst ones. These resources have been compiled using over 200 data points on each broker and over 3000 hours of research. Our team conducts all research independently: Testing brokers, gathering information from broker representatives and sifting through legal documents. Learn more about how we rank brokers

Editorial Team

 

Chris Cammack
Head of Content

Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.

 

Alison Heyerdahl
Senior Financial Writer

Alison joined the team as a writer in 2021. She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers, and she now has over eight years experience in research and content development. She has tested and reviewed 100+ brokers and has a great understanding of the Forex trading world.

 

Ida Hermansen
Financial Writer

Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.

 

Others Also Visit

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AvaTrade
4.49 /5
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Tickmill
4.48 /5
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XM
4.35 /5
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Pepperstone
4.61 /5
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XTB
4.29 /5
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