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The 10 Best Forex Brokers in Vietnam revealed. We have rated and reviewed the best Forex Brokers accepting Vietnamese Traders.
This is a complete listing of The 10 Best Forex Brokers in Vietnam. In this in-depth write-up you will learn:
- A list of the 10 Best Forex Brokers in Vietnam
- Pros and Cons of Forex in Vietnam.
- Is Forex Trading Legal in Vietnam?
and much, much more!
| 🔍Forex Broker | 🎁Sign Up Here | 💵Minimum Deposit | 💴Minimum Deposit (VND) |
| 🥇Exness | 👉 Click Here | 10 USD | 246150 VND |
| 🥈AvaTrade | 👉 Click Here | 100 USD | 2461500 VND |
| 🥉FXPIG | 👉 Click Here | 200 USD | 4923000 VND |
| 🏅HFM | 👉 Click Here | 100 USD | 2461500 VND |
| 🏆XM | 👉 Click Here | 5 USD | 123075 VND |
| 🎖️FXTM | 👉 Click Here | 200 USD | 4923000 VND |
| 🥇FXCM | 👉 Click Here | 50 USD | 1230750 VND |
| 🥈Saxo Bank | 👉 Click Here | 0 USD | 0 VND |
| 🥉FP Markets | 👉 Click Here | 50 USD | 1230750 VND |
| 🏆HYCM | 👉 Click Here | 20 USD | 492300 VND |
🏆 10 Best Rated Forex Brokers
Broker
Rating
Regulators
Platforms
Min Deposit
Max Leverage
Crypto
Official Site
🥇
4.7/5
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
MT4, MT5, Avatrade Social
USD 100
400:1
Yes
4
4.8/5
AUSTRAC, BAFIN, CIMA, ESCA, CySEC, FSC, FMA, MAS, TFG, VFSC
MT4, MT5, MultiBank-Plus
USD 50
1:500
Yes
5
4.9/5
CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine
MT4, MT5, HFM App, HFM Copy Trading
USD 0
2000:1
Yes
8
4.9/5
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
MT4, MT5, cTrader, Tradingview, Pepperstone Platform
USD 10
400:1
Yes
🏆 10 Best Rated Forex Brokers
Broker
Min Deposit
Max Leverage
Official Site
🏆 10 Best Rated Forex Brokers
Broker
Rating
Regulators
Platforms
Min Deposit
Max Leverage
Crypto
Official Site
🥇
4.7/5
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
MT4, MT5, Avatrade Social
USD 100
400:1
Yes
5
4.9/5
CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine
MT4, MT5, HFM App, HFM Copy Trading
USD 0
2000:1
Yes
7
4.9/5
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
MT4, MT5, cTrader, Tradingview, Pepperstone Platform
USD 10
400:1
Yes
🏆 10 Best Rated Forex Brokers
Broker
Min Deposit
Max Leverage
Official Site
🏆 10 Best Rated Forex Brokers
Broker
Rating
Regulators
Platforms
Min Deposit
Max Leverage
Crypto
Official Site
🥇
4.7/5
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
MT4, MT5, Avatrade Social
USD 100
400:1
Yes
5
4.9/5
CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine
MT4, MT5, HFM App, HFM Copy Trading
USD 0
2000:1
Yes
7
4.9/5
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
MT4, MT5, cTrader, Tradingview, Pepperstone Platform
USD 10
400:1
Yes
🏆 10 Best Rated Forex Brokers
Broker
Min Deposit
Max Leverage
Official Site
🏆 10 Best Rated Forex Brokers
Broker
Rating
Regulators
Platforms
Min Deposit
Max Leverage
Crypto
Official Site
🥇
4.7/5
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
MT4, MT5, Avatrade Social
USD 100
400:1
Yes
5
4.9/5
CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine
MT4, MT5, HFM App, HFM Copy Trading
USD 0
2000:1
Yes
7
4.9/5
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
MT4, MT5, cTrader, Tradingview, Pepperstone Platform
USD 10
400:1
Yes
🏆 10 Best Rated Forex Brokers
Broker
Min Deposit
Max Leverage
Official Site
🏆 10 Best Rated Forex Brokers
Broker
Rating
Regulators
Platforms
Min Deposit
Max Leverage
Crypto
Official Site
🥇
4.7/5
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
MT4, MT5, Avatrade Social
USD 100
400:1
Yes
5
4.9/5
CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine
MT4, MT5, HFM App, HFM Copy Trading
USD 0
2000:1
Yes
7
4.9/5
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
MT4, MT5, cTrader, Tradingview, Pepperstone Platform
USD 10
400:1
Yes
🏆 10 Best Rated Forex Brokers
Broker
Min Deposit
Max Leverage
Official Site
10 Best Forex Brokers in Vietnam (2025)
- ☑️Exness – Overall, Best Broker in Vietnam
- ☑️AvaTrade – Highly-Regulated Forex Broker
- ☑️FXPIG – Transparent and supportive broker for long-term business
- ☑️HFM – High Vietnamese Trust Score
- ☑️XM – Best Online Trading Experience
- ☑️FXTM – Low VND Minimum Deposit
- ☑️FXCM – Excellent Overall Offering
- ☑️Saxo Bank – Award-Winning Vietnamese Broker
- ☑️FP Markets – Lowest Overall Costs in VND
- ☑️HYCM – Globally Regulated Forex Broker
1. Exness
Overall, Exness is regulated by two tier-1 regulators, two tier-2 regulators, and four tier-3 regulators respectively. It has a high trust score of 97 out of 100 and is considered low-risk. Exness offers 4 retail trading accounts.
| 🔍Broker | 🥇Exness |
| 🔢Year Founded | 2008 |
| 👤Amount of Staff | 1,200+ |
| 👥Amount of Active Traders | Over 400,000 |
| 📌Publicly Traded | None |
| 📈Regulation | FSA CBCS FSC FSC BVI FSCA CySEC FCA CMA |
| 🌎Country of Regulation | UK Cyprus South Africa Seychelles Curaçao |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative Balance Protection | ✅Yes |
| 💙Investor Protection Schemes | ✅Yes as per regulatory requirements |
| ➡️Institutional Accounts | None |
| 🫴🏻Managed Accounts | None |
| 💴Minor Account Currencies | ✅Yes |
| 💵Minimum Deposit | $10 |
| ⏰Average Deposit/Withdrawal Processing Time | Instant for most payment methods |
| 💳Fund Withdrawal Fee | None |
| ✏️Spreads from | 0.0 pips on Raw Spread accounts |
| 💶Commissions | From $3.5 per lot on Raw Spread accounts |
| 🔢Number of Base Currencies Supported | Over 80 |
| 💷Swap Fees | ✅Yes, swap-free options available for certain accounts |
| ⬆️Leverage | Up to 1:2000 (unlimited for certain conditions) |
| 📉Margin Requirements | Variable based on leverage and instruments |
| ☪️Islamic Account (Swap-Free) | ✅Yes, available upon request |
| 🆓Demo Account | ✅Yes |
| ⏰Order Execution Time | 0.01 seconds on average |
| 🖥️VPS Hosting | ✅Yes available for free on meeting certain criteria |
| 📈CFDs-Total Offered | Over 100 |
| 👉CFD Stock Indices | ✅Yes |
| 📉CFD Commodities | ✅Yes |
| 📊CFD Shares | ✅Yes |
| 💴Deposit Options | Bank transfer Credit/debit cards e-wallets Cryptocurrencies |
| 💳Withdrawal Options | Bank transfer Credit/debit cards e-wallets Cryptocurrencies |
| 📊Trading Platforms | MetaTrader 4 MetaTrader 5 Exness Web Terminal |
| 🍎OS Compatibility | Windows Mac iOS Android |
| 🔩Forex Trading Tools | Technical analysis tools Trading calculators VPS |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes, 24/7 |
| 💻Customer Support Email Address | support@exness.com |
| ☎️Customer Support Contact Number | Varies by region, generally available on their website |
| 📱Social Media Platforms | Facebook YouTube |
| ⚙️Languages Supported on Website | Multiple, including English Chinese Arabic Russian, etc. |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes online courses available |
| 🖥️Webinars | ✅Yes |
| 📖Educational Resources | Articles videos e-books trading guides |
| 🤝Affiliate Program | ✅Yes |
| 👤Amount of Partners | Thousands |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | None |
| 🎀Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes Cent accounts available |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.9/5
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Platform
MT4, MT5, Web Terminal, Trader App
Crypto
Yes
Total Pairs
100+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅Pros | ❌Cons |
| Secure login offered | HIgh Minimum Deposit |
| 1:500 leverage available | Off shore broker |
Frequently Asked Questions
What types of accounts does Exness offer?
Exness offers various account types including Standard, Raw Spread, Zero, and Pro accounts, catering to different trading preferences.
What is the minimum deposit required at Exness?
The minimum deposit for Standard accounts is typically $10, while for Pro accounts, the minimum deposit may vary depending on the payment method.
What leverage does Exness provide?
Exness offers dynamic leverage, which can go up to 1:2000 or even higher depending on the account type and the client’s region.
What trading platforms are available with Exness?
Exness supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and their proprietary WebTerminal.
Overall Rating
- 4.9/5
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Platform
MT4, MT5, Web Terminal, Trader App
Crypto
Yes
Total Pairs
100+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
Exness is a well-regarded broker offering a variety of account types, competitive leverage, and flexible deposit and withdrawal options. Exness caters to both beginner and experienced traders.
2. AvaTrade
Overall, Avatrade can be summarised as a safe and trustworthy broker with a user-friendly copy trading platform. Avatrade is licensed by the FSCA. Avatrade offers 0% commission on trades and has an overall trust rating score of 94 out of 99.
| 🔍Broker | 🥇AvaTrade |
| 🔢Year Founded | 2006 |
| 👤Amount of staff | 200+ |
| 👥Amount of active traders | Over 300,000 |
| 📌Publicly Traded | None |
| 📈Regulation | Central Bank of Ireland (CBI) Australian Securities and Investments Commission (ASIC) Financial Sector Conduct Authority (FSCA) Financial Services Agency (FSA) Japan Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority (FSRA), and more. |
| 🌎Country of regulation | Ireland Australia Japan UAE South Africa British Virgin Islands |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative balance protection | ✅Yes |
| 💙Investor Protection Schemes | Compensation scheme for eligible clients under certain jurisdictions |
| ➡️Institutional Accounts | ✅Yes |
| 🫴🏻Managed Accounts | None |
| 💴Minor account currencies | USD EUR GBP AUD JPY CHF ZAR, and more |
| 💵Minimum Deposit | $100 |
| ⏰Average deposit/withdrawal processing time | Deposits: Instant Withdrawals: 1-3 business days |
| 💳Fund Withdrawal Fee | No fees on most payment methods, but some charges may apply depending on the method used |
| ✏️Spreads from | 0.9 pips (EUR/USD) |
| 💷Commissions | No commissions on most trades; spreads apply |
| 🔟Number of base currencies supported | 10+ |
| 💶Swap Fees | ✅Yes Swap-free accounts available for Islamic traders |
| ⬆️Leverage | Up to 1:400 depending on jurisdiction |
| 📉Margin requirements | Varies based on asset and leverage used |
| ☪️Islamic account (swap-free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | Fast execution generally less than 1 second |
| 🖥️VPS Hosting | ✅Yes for qualifying accounts |
| 👉CFDs-Total Offered | 1000+ |
| 📈CFD Stock Indices | 30+ |
| 📉CFD Commodities | 20+ |
| 📊CFD Shares | 600+ |
| 💵Deposit Options | Credit/Debit Card Bank Transfer PayPal Skrill Neteller WebMoney, and more |
| 💳Withdrawal Options | Credit/Debit Card Bank Transfer PayPal Skrill Neteller WebMoney, and more |
| 📊Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) AvaTradeGO WebTrader AvaOptions |
| 🍎OS Compatibility | Windows MacOS iOS Android |
| 🔩Forex trading tools | Autochartist Trading Central Economic Calendar AvaProtect, and more |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live chat availability | ✅Yes |
| 💻Customer Support Email address | support@avatrade.com |
| ☎️Customer Support Contact Number | Varies by region accessible through the website |
| 📱Social media Platforms | Facebook YouTube |
| ⚙️Languages supported on FBS Website | Multiple languages including English Spanish French Italian Arabic, and more |
| 🎓Education and Research | ✅Yes |
| ✏️Forex course | ✅Yes (AvaAcademy) |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | eBooks Videos Tutorials Blog Market Analysis |
| 🤝Affiliate program | ✅Yes |
| 👥Amount of partners | Thousands globally |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes Various sponsorships including the Manchester City Football Club) |
| 🎀Rebate program | ✅Yes |
| 💰Cent or Micro Accounts | None Offers Standard and Professional Accounts |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.8/5
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, ISA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅Pros | ❌Cons |
| Regulated by multiple authorities | AvaTrade does not offer managed accounts, |
| Offers a wide variety of financial instruments | Spreads can be higher |
| Provides leverage up to 1:400 | Cryptocurrency trading might not be available |
| Access to popular platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5) | Withdrawal fees can vary depending on the payment method |
| Offers swap-free Islamic accounts | The account setup process and trading conditions can be complex for beginners |
| Provides VPS hosting options | Direct stock trading is not available |
Frequently Asked Questions
What is the minimum deposit for AvaTrade?
The minimum deposit at AvaTrade is $100.
What trading platforms does AvaTrade support?
AvaTrade supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaOptions, AvaTradeGO, and AvaSocial.
Does AvaTrade offer an Islamic (swap-free) account?
Yes, AvaTrade offers Islamic (swap-free) accounts for traders who adhere to Sharia law.
Does AvaTrade provide customer support?
Yes, AvaTrade provides multilingual customer support via live chat, phone, and email.
Overall Rating
- 4.8/5
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, ISA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
AvaTrade provides a comprehensive trading experience. The availability of Islamic accounts, a user-friendly mobile app, and strong customer support further enhance its appeal, though regional differences in leverage and promotions may apply.
3. FXPIG
Overall, FXPIG is the go-to choice if you are looking for a transparent and supportive broker for long-term business. With top-notch execution, customer support, and competitive pricing, FXPIG will always stand out among the crowd.
| 🔍Broker | 🥇FXPIG |
| 🔢Year Founded | 2010 |
| 👤Amount of staff | Not publicly disclosed |
| 👥Amount of active traders | Not publicly disclosed |
| 📌Publicly Traded | None |
| 📈Regulation | VFSC (Vanuatu Financial Services Commission) |
| 🌎Country of regulation | Vanuatu |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative balance protection | ✅Yes |
| 💙Investor Protection Schemes | N/A |
| ➡️Institutional Accounts | ✅Yes |
| 🫴🏻Managed Accounts | ✅Yes |
| 💴Minor account currencies | USD EUR JPY AUD |
| 💵Minimum Deposit | $200 |
| ⏰Average deposit/withdrawal processing time | Deposit: Instant; Withdrawal: 1-2 business days |
| 💳Fund Withdrawal Fee | Varies depending on method |
| ✏️Spreads from | 0.0 pips |
| 💷Commissions | $2.50 per side on standard accounts |
| 🔢Number of base currencies supported | Multiple (USD, EUR, JPY, AUD) |
| 💸Swap Fees | Applicable unless Islamic account |
| ⬆️Leverage | Up to 1:500 |
| 📈Margin requirements | Based on account type and leverage used |
| ☪️Islamic account (swap-free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | 100-150 milliseconds |
| 🖥️VPS Hosting | ✅Yes (Free for qualifying clients) |
| 👉CFDs-Total Offered | 250+ |
| 📉CFD Stock Indices | Available |
| 📈CFD Commodities | Available |
| 📊CFD Shares | Available |
| 💶Deposit Options | Bank Wire, Credit Card, Neteller, Skrill, Bitcoin |
| 💳Withdrawal Options | Bank Wire, Credit Card, Neteller, Skrill, Bitcoin |
| 📊Trading Platforms | MetaTrader 4 (MT4), cTrader |
| 🍎OS Compatibility | Windows, macOS, iOS, Android |
| 🪛Forex trading tools | Indicators, trading signals, copy trading |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live chat availability | ✅Yes |
| 💻Customer Support Email address | support@fxpig.com |
| ☎️Customer Support Contact Number | Not publicly listed |
| 📱Social media Platforms | Twitter, Facebook, |
| ⚙️Languages supported on website | English |
| 🎓Education and Research | ✅Yes |
| ✏️Forex course | None |
| 💻Webinars | None |
| 📖Educational Resources | Basic guides |
| 🤝Affiliate program | ✅Yes |
| 👥Amount of partners | Not publicly disclosed |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | None |
| 🎀Rebate program | ✅Yes |
| 💰Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.2/5
Min Deposit
USD 200
Regulators
VFSC
Trading Platform
MT4, MT5, cTrader
Crypto
Yes
Total Pairs
80+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅Pros | ❌Cons |
| Segregates client funds | Not FCA Regulated |
Frequently Asked Questions
What account types does FXPIG offer?
FXPIG offers different account types, including ECN, Hybrid, and FIX API accounts, each with different trading conditions and commission structures.
What is the minimum deposit required to open an account at FXPIG?
The minimum deposit required is $200.
Does FXPIG offer a demo account?
Yes, FXPIG provides a demo account for traders to practice and test strategies.
What trading platforms does FXPIG support?
FXPIG supports MetaTrader 4 (MT4) and cTrader platforms.
Overall Rating
- 4.2/5
Min Deposit
USD 200
Regulators
VFSC
Trading Platform
MT4, MT5, cTrader
Crypto
Yes
Total Pairs
80+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
FXPIG is a regulated forex broker offering a variety of account types, competitive trading conditions, and access to popular trading platforms like MetaTrader 4 and cTrader. It caters to a wide range of traders with features like high leverage (up to 1:500), Islamic (swap-free) accounts, and VPS hosting.
4. HFM
Overall, HFM can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads on 100+ trading instruments. It is regulated by one tier-1 regulator (highest trust) and three tier-2 regulators (medium trust). It has a trust score of 95% out of 100.
| 🔍Broker | 🥇HFM |
| 🔢Year Founded | 2010 |
| 👤Amount of Staff | 200+ |
| 👥Amount of Active Traders | 2.5 million+ |
| 📌Publicly Traded | None |
| 📈Regulation | FSCA DFSA FSA FCA FSC CMA |
| 🌎Country of Regulation | UK South Africa UAE Seychelles |
| 🗂️Account Segregation | ✅Yes |
| ➡️Negative Balance Protection | ✅Yes |
| 📌Investor Protection Schemes | ✅Yes |
| 🎉Institutional Accounts | ✅Yes |
| 👤Managed Accounts | ✅Yes (PAMM/MAM accounts) |
| 💵Minor Account Currencies | USD EUR GBP JPY AUD ZAR |
| 💶Minimum Deposit | 0 USD |
| ⏱️Average Deposit/Withdrawal Processing Time | 1 - 3 business days |
| 💴Fund Withdrawal Fee | None, but third-party fees may apply |
| ✏️Spreads | 0.0 pips |
| 💷Commissions | From $6 per lot (round turn) |
| 🔢Number of Base Currencies Supported | 12 |
| 💵Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:1000 |
| 📉Margin Requirements | Varies by instrument |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏰Order Execution Time | < 30ms |
| 🖥️VPS Hosting | ✅Yes |
| 📈CFDs - Total Offered | 1,200+ |
| 📊CFD Stock Indices | 20+ |
| ✏️CFD Commodities | 20+ |
| 👉CFD Shares | 950+ |
| 💳Deposit Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies Local Payment Methods |
| 💴Withdrawal Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies Local Payment Methods |
| 📊Trading Platforms | MetaTrader 4 MetaTrader 5 HF App |
| 🍎OS Compatibility | Windows macOS iOS Android |
| 🔩Forex Trading Tools | Autochartist Trading Central VPS HFcopy |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | support@hfm.com |
| ☎️Customer Support Contact Number | +44 203 097 5796 |
| 📱Social Media Platforms | Facebook YouTube |
| ⚙️Languages Supported on Website | Multiple languages, including English, Chinese, Spanish, Arabic |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 🖥️Webinars | ✅Yes |
| 📖Educational Resources | Articles Video Tutorials eBooks Market Analysis |
| 🤝Affiliate Program | ✅Yes |
| 🫶IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes |
| 🎀Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.8/5
Min Deposit
USD 0
Regulators
FSCA, DFSA, FCA, CMA, FSA
Trading Platform
MT4, MT5, HFM APP
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅ Pros | ❌ Cons |
| Regulated by Multiple Authorities | Limited to Non-Listed |
| Variety of Account Types | Inconsistent Fees |
| High Leverage Options | Limited Research Tools |
| Competitive Spreads | High Spreads on Some Accounts |
| Low Minimum Deposit | Varied Trading Conditions |
| Educational Resources Available | Fee Structure Complexity |
Frequently Asked Questions
Does HFM offer an Islamic (swap-free) account?
Yes, HFM offers swap-free accounts for clients who follow Sharia law.
What leverage does HFM provide?
Leverage on HFM can go up to 1:1000, depending on the account type and regulatory region.
Are there any bonus programs or promotions at HFM?
Yes, HFM offers various promotions and bonus programs such as deposit bonuses and trading contests.
What are the spreads like at HFM?
Spreads on HFM start from 0.0 pips on Zero Spread accounts and from 1.0 pips on Premium accounts.
Overall Rating
- 4.8/5
Min Deposit
USD 0
Regulators
FSCA, DFSA, FCA, CMA, FSA
Trading Platform
MT4, MT5, HFM APP
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
HFM provides excellent customer support, a variety of educational resources, and secure trading platforms like MT4 and MT5. Whether you’re a beginner or an experienced trader, HFM’s diverse offerings and solid regulatory framework make it a reputable choice in the forex trading industry.
5. XM
Overall, XM.com is considered a trustworthy broker with average risk with spreads as low as 0.6 pips and an above-average trust score of 84 out of 99. XM Group is not a publicly traded company but is authorized by two tier-1 regulators (high trust).
| 🔍Broker | 🥇XM |
| 🔢Year Founded | 2009 |
| 👤Amount of Staff | 600+ |
| 👥Amount of Active Traders | 5,000,000+ |
| 📌Publicly Traded | None |
| 📈Regulation | CySEC (Cyprus) ASIC (Australia) IFSC (Belize) FCA (UK) |
| 🌎Country of Regulation | Cyprus Australia Belize UK |
| 🗂️Account Segregation | ✅Yes |
| ➡️Negative Balance Protection | ✅Yes |
| 💙Investor Protection Schemes | ✅Yes, up to €20,000 under CySEC |
| ➡️Institutional Accounts | None |
| 🫴🏻Managed Accounts | None |
| 💴Minor Account Currencies | USD EUR GBP JPY CHF AUD HUF PLN |
| 💵Minimum Deposit | $5 |
| ⏰Average Deposit/Withdrawal Processing Time | Within 24 hours |
| 💷Fund Withdrawal Fee | None, but third-party fees may apply |
| ✏️Spreads | 0.6 pips |
| 💶Commissions | Zero on Standard and Micro accounts commission on Zero accounts |
| 🔢Number of Base Currencies Supported | 11 |
| 💸Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:1000 |
| 📉Margin Requirements | Varies by instrument and account type |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | < 1 second |
| 🖥️VPS Hosting | ✅Yes (free for eligible accounts) |
| 📍CFDs - Total Offered | 1,000+ |
| 📈CFD Stock Indices | 30+ |
| ➡️CFD Commodities | 15+ |
| 📊CFD Shares | 1,200+ |
| 💳Deposit Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies |
| 💴Withdrawal Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies |
| 💡Trading Platforms | MetaTrader 4 MetaTrader 5 XM WebTrader |
| 🍎OS Compatibility | Windows macOS iOS Android |
| 🔩Forex Trading Tools | Autochartist Trading Signals VPS |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | support@xm.com |
| ☎️Customer Support Contact Number | +357 25029933 |
| 📱Social Media Platforms | Facebook YouTube |
| ⚙️Languages Supported on Website | 30+ languages |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | Articles Video Tutorials Market Analysis |
| 🤝Affiliate Program | ✅Yes |
| 👥Amount of Partners | Not publicly disclosed |
| 🫶IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes (various events and teams) |
| 🫰🏻Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes (Micro accounts available) |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.9/5
Min Deposit
USD 5
Regulators
FSC
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low stock CFD and withdrawal fees | Limited product portfolio |
| Easy and fast account opening | No investor protection for non-EU clients |
Frequently Asked Questions
What is the minimum deposit required at XM?
The minimum deposit at XM starts from as low as $5 for the Micro and Standard accounts.
Does XM offer an Islamic (swap-free) account?
Yes, XM provides Islamic accounts that are swap-free and compliant with Sharia law.
What leverage does XM offer?
The leverage at XM can go up to 1:1000, depending on the account type and regulatory restrictions.
Does XM offer customer support?
Yes, XM offers 24/5 multilingual customer support through live chat, email, and phone.
Overall Rating
- 4.9/5
Min Deposit
USD 5
Regulators
FSC
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
Our Verdict
The broker is known for fast execution speeds, excellent customer support, and attractive promotions, although bonus offerings may be subject to regional regulations. XM’s regulatory oversight from multiple authorities adds an extra layer of security and reliability for traders worldwide.
6. FXTM
Overall, FXTM can be summarized as a trustworthy broker that provides Contracts for Difference (CFDs) and trading facilities on shares, forex, commodities, cryptocurrencies, ETFs, options, and indices to a global market.
| 🔍Broker | 🥇FXTM |
| 🔢Year Founded | 2011 |
| 👤Amount of Staff | Over 800 |
| 👥Amount of Active Traders | Over 4 million |
| 📌Publicly Traded | None |
| 📈Regulation | FCA CySEC FSC |
| 🌎Country of Regulation | UK Cyprus South Africa Mauritius |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative Balance Protection | ✅Yes |
| 💙Investor Protection Schemes | ✅Yes (varies by regulatory entity) |
| ➡️Institutional Accounts | ✅Yes |
| 🫴🏻Managed Accounts | None |
| 💴Minor Account Currencies | USD EUR GBP NGN |
| 💵Minimum Deposit | $10 for Cent Accounts |
| ⏰Average Deposit/Withdrawal Processing Time | Instant - 24 hours |
| 💳Fund Withdrawal Fee | None (but third-party fees may apply) |
| ✏️Spreads from | 0.0 pips |
| 💶Commissions | $0 - $4 per lot depending on account type |
| 4️⃣Number of Base Currencies Supported | 4 |
| 💷Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:2000 |
| 📉Margin Requirements | Based on leverage |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏰Order Execution Time | 0.05 seconds (Average) |
| 🖥️VPS Hosting | ✅Yes (Free with conditions) |
| 📈CFDs-Total Offered | Over 250 |
| 👉CFD Stock Indices | ✅Yes |
| 📉CFD Commodities | ✅Yes |
| 📊CFD Shares | ✅Yes |
| 💴Deposit Options | Bank transfer Credit/debit cards e-wallets (Skrill Neteller, etc.) |
| 💳Withdrawal Options | Bank transfer Credit/debit cards e-wallets (Skrill Neteller, etc.) |
| 📊Trading Platforms | MetaTrader 4 MetaTrader 5 FXTM Trader App |
| 🍎OS Compatibility | Windows macOS iOS Android |
| 🔩Forex Trading Tools | Forex calculators VPS Trading signals Market analysis tools |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | support@fxtm.com |
| ☎️Customer Support Contact Number | +44 203 734 1098 |
| 📱Social Media Platforms | Facebook YouTube |
| ⚙️Languages Supported on Website | 16+ |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | Articles tutorials eBooks Video tutorials |
| 🤝Affiliate Program | ✅Yes |
| 👤Amount of Partners | Over 1,000 |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | No notable current sponsorships |
| 🎀Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes (Cent Account) |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.6/5
Min Deposit
USD 200
Regulators
FSC, CMA, CMA, SCA
Trading Platform
MT4, MT5, FXTM App
Crypto
Yes
Total Pairs
63+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅ Pros | ❌ Cons |
| Excellent Customer Service | High Stock CFD Fees |
| Great Educational Tools | Inactivity Fee |
| No Deposit Fee | No Price Alert |
Frequently Asked Questions
What trading platforms does FXTM support?
FXTM supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both of which are popular trading platforms.
What is the maximum leverage available with FXTM?
Leverage at FXTM can go as high as 1:2000, depending on the account type and the regulatory jurisdiction.
Does FXTM offer bonuses or promotions?
FXTM periodically offers bonuses and promotions, though these are subject to regional regulations and availability.
Is a demo account available with FXTM?
Yes, FXTM offers a free demo account to practice trading with virtual funds.
Overall Rating
- 4.6/5
Min Deposit
USD 200
Regulators
FSC, CMA, CMA, SCA
Trading Platform
MT4, MT5, FXTM App
Crypto
Yes
Total Pairs
63+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
With competitive spreads, high-leverage options, and a strong focus on educational resources, FXTM caters to both beginner and advanced traders.
7. FXCM
Overall, FXCM is considered a low-risk and can be summarised as trustworthy and reliable. In terms of trading conditions, FXCM offers a user-friendly trading environment with low spreads and high leverage. The company has an overall trust score of 92 out of 99.
| 🔍Broke | 🥇FXCM |
| 🔢Year Founded | 1999 |
| 👤Amount of Staff | Over 600 |
| 👥Amount of Active Traders | Over 130,000 worldwide |
| 📌Publicly Traded | None |
| 📉Regulation | FCA, ASIC, FSCA, CySEC |
| 🌎Country of Regulation | United Kingdom, Australia, South Africa, among others |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative Balance Protection | ✅Yes (only for retail clients under FCA and ASIC regulation) |
| 💙Investor Protection Schemes | FSCS (UK) |
| ➡️Institutional Accounts | ✅Yes |
| 🫴🏻Managed Accounts | ✅Yes (through FXCM Prime) |
| 💴Minor Account Currencies | EUR, GBP, AUD, JPY, CAD, CHF |
| 💵Minimum Deposit | $50 for most account types |
| ⏰Average Deposit/Withdrawal Time | 1-3 business days |
| 💳Fund Withdrawal Fee | Varies by method |
| ✏️Spreads From | 1.3 pips (EUR/USD) |
| 💷Commissions | ✅Yes, depending on the account type |
| 5️⃣Number of Base Currencies Supported | 5 |
| 💸Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:400 (depending on the region) |
| 📈Margin Requirements | Varies by asset class and region |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | Less than 1 second |
| 🖥️VPS Hosting | ✅Yes, for eligible clients |
| 👉CFDs - Total Offered | Over 300 |
| 📈CFD Stock Indices | ✅Yes |
| 📉CFD Commodities | ✅Yes |
| 📊CFD Shares | ✅Yes |
| 💶Deposit Options | Credit/Debit cards, Bank Transfer, Skrill, Neteller, UnionPay, etc. |
| 💳Withdrawal Options | Bank Transfer, Credit/Debit cards, Skrill, Neteller, etc. |
| 📊Trading Platforms | Trading Station, MetaTrader 4 (MT4), NinjaTrader, ZuluTrade |
| 🍎OS Compatibility | Windows, Mac, iOS, Android |
| 🪛Forex Trading Tools | Trading signals, market analysis, research tools, automated trading options |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | info@fxcm.com |
| ☎️Customer Support Contact Number | Varies by region |
| 📱Social Media Platforms | Facebook, Twitter, LinkedIn, YouTube |
| ⚙️Languages Supported on Website | English, French, German, Italian, Chinese, Japanese, Arabic, Spanish, and more |
| 🎓Education ans Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | Articles, videos, tutorials, webinars, trading guides |
| 🤝Affiliate Program | ✅Yes |
| 👥Amount of Partners | Not specified |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | No notable sponsorships currently |
| 🎀Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.6/5
Min Deposit
USD 50
Regulators
FCA, ASIC, FSCA, CySEC
Trading Platform
MT4
Crypto
Yes
Total Pairs
42
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅ Pros | ❌ Cons |
| User Friendly | Limited Product Portfolio |
| Good Technical Tools | High Fees |
Frequently Asked Questions
What is the minimum deposit at FXCM?
The minimum deposit varies depending on the account type, but it is generally around $50 for Standard accounts.
What deposit and withdrawal methods does FXCM support?
FXCM supports multiple methods including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller.
Does FXCM offer educational resources?
Yes, FXCM offers a range of educational materials including webinars, articles, videos, and trading guides.
Does FXCM offer educational resources?
Yes, FXCM offers a range of educational materials including webinars, articles, videos, and trading guides.
Overall Rating
- 4.6/5
Min Deposit
USD 50
Regulators
FCA, ASIC, FSCA, CySEC
Trading Platform
MT4
Crypto
Yes
Total Pairs
42
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
With competitive spreads, a user-friendly demo account, and access to multiple trading instruments, FXCM provides a reliable trading environment.
8. Saxo Bank
Overall, Saxo Bank can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads. Saxo Bank has an overall trust score of 80 out of 99. Offers traders 60,000+ instruments on selected accounts
| 🔍Broker | 🥇Saxo Bank |
| 🔢Year Founded | 1992 |
| 👤Amount of Staff | Over 2,000 |
| 👥Amount of Active Traders | 820,000+ clients worldwide |
| 📌Publicly Traded | None |
| 📉Regulation | FSA FCA |
| 🌎Country of Regulation | Multi-jurisdictional Denmark UK Australia Singapore, etc.) |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative Balance Protection | ✅Yes (for retail clients in the EU and UK) |
| 💙Investor Protection Schemes | ✅Yes (dependent on jurisdiction, e.g., FSCS in the UK) |
| ➡️Institutional Accounts | ✅Yes |
| 🫴🏻Managed Accounts | ✅Yes |
| 💴Minor Account Currencies | ✅Yes |
| 💵Minimum Deposit | $2,000 for Classic Account; higher for Platinum and VIP Accounts |
| ⏰Average Deposit/Withdrawal Processing Time | 1-5 business days depending on the method |
| 💳Fund Withdrawal Fee | No withdrawal fees for bank transfers; charges may apply for other methods |
| ✏️Spreads from | 0.4 pips on major pairs |
| 💷Commissions | Commissions apply depending on the account type and instruments |
| 🔢Number of Base Currencies Supported | 20+ including USD EUR GBP JPY, etc. |
| 💶Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:30 for retail clients in the EU; up to 1:200 for professional clients |
| 📉Margin Requirements | Based on leverage and account type |
| ☪️Islamic Account (Swap-free) | ✅Yes, available upon request |
| 🆓Demo Account | ✅Yes |
| ⏰Order Execution Time | Typically less than 0.1 seconds |
| 🖥️VPS Hosting | None |
| 👉CFDs-Total Offered | 9,000+ |
| 📈CFD Stock Indices | 28+ |
| 📉CFD Commodities | 19+ |
| 📊CFD Shares | 8,800+ |
| 💵Deposit Options | Bank transfer Credit/debit card etc. |
| 💳Withdrawal Options | Bank transfer |
| 📊Trading Platforms | SaxoTraderGO SaxoTraderPRO MetaTrader 4 (MT4) |
| 🍎OS Compatibility | Windows MacOS iOS Android |
| 🔩Forex Trading Tools | Advanced charting news feed technical analysis tools market insights |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | info@saxobank.com |
| ☎️Customer Support Contact Number | Varies by regional office |
| 📱Social Media Platforms | Facebook YouTube |
| ⚙️Languages Supported on Website | 30+ |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | Articles videos e-books research reports |
| 🤝Affiliate Program | ✅Yes |
| 👥Amount of Partners | Not specified |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes |
| 🎀Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.7/5
Min Deposit
USD 0
Regulators
MAS, FCA
Trading Platform
SaxoTraderGO, SaxoTraderPRO
Crypto
Yes
Total Pairs
190
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| Pros | Cons |
| High Regulation and Security | Limited Regulation in Some Regions |
| Wide Range of Trading Instruments | Higher Spreads on Certain Accounts |
| User-Friendly Trading Platforms | No U.S. Clients |
| Great Educational Resources | Limited Research Tools |
| Multiple Account Types | Slower response times |
Frequently Asked Questions
What trading platforms does Saxo Bank offer?
Saxo Bank offers its proprietary platforms, SaxoTraderGO and SaxoTraderPRO, which provide advanced trading tools for desktop and mobile devices.
Does Saxo Bank offer demo accounts?
Yes, Saxo Bank provides a demo account for users to practice trading with virtual funds before committing to real capital.
Does Saxo Bank offer Islamic accounts?
No, Saxo Bank does not currently offer Islamic (swap-free) accounts.
Does Saxo Bank have a mobile trading app?
Yes, Saxo Bank offers a mobile trading app through its SaxoTraderGO platform, which is available for both iOS and Android devices.
Overall Rating
- 4.7/5
Min Deposit
USD 0
Regulators
MAS, FCA
Trading Platform
SaxoTraderGO, SaxoTraderPRO
Crypto
Yes
Total Pairs
190
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
Saxo Bank is a reliable choice for those seeking a sophisticated trading environment with a strong focus on security and regulatory compliance.
9. FP Markets
Overall, FP Markets can be summarised as a safe broker that provides competitive spreads on Contracts for Difference (CFDs). It offers 8000+ tradable symbols with a trust score of 94 out of 100. FP Markets is fully regulated by one tier-1 regulator (highest trust score in the industry).
| 🔍Broker | 🥇FP Markets |
| 🔢Year Founded | 2005 |
| 👥Amount of Staff | Over 200 |
| 👤Amount of Active Traders | 60,000+ |
| 📍Publicly Traded | None |
| 📈Regulation | ASIC (Australia) CySEC (Cyprus) FSCA (South Africa) |
| 🌎Country of Regulation | Australia Cyprus South Africa |
| 🗂️Account Segregation | ✅Yes |
| 📌Negative Balance Protection | ✅Yes |
| 🚩Investor Protection Schemes | ✅Yes (CySEC) |
| 🖋️Account Types and Features | Standard Raw ECN VIP accounts available |
| 🎉Institutional Accounts | ✅Yes |
| 👤Managed Accounts | None |
| 💵Minor Account Currencies | EUR USD GBP AUD CAD CHF JPY NZD SGD HKD |
| 💴Minimum Deposit | $100 |
| ⏱️Average Deposit/Withdrawal Processing Time | Instant - 1 business day |
| 💸Fund Withdrawal Fee | None |
| ✏️Spreads | 0.0 pips |
| 💷Commissions | From $3 per side (Raw account) |
| 🔢Number of Base Currencies Supported | 10 |
| 💶Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:500 |
| 📉Margin Requirements | Varies by instrument and account type |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏰Order Execution Time | < 40ms |
| ➡️VPS Hosting | ✅Yes (for eligible accounts) |
| 🫴🏻CFDs - Total Offered | 10,000+ |
| 📊CFD Stock Indices | 23+ |
| 💡CFD Commodities | 12+ |
| 👉CFD Shares | 2,000+ |
| 💳Deposit Options | Bank transfer Credit/Debit card PayPal Neteller Skrill Fasapay and more |
| 💳Withdrawal Options | Bank transfer Credit/Debit card PayPal Neteller Skrill Fasapay and more |
| 🛎️Trading Platforms | MetaTrader 4 MetaTrader 5 IRESS,WebTrader Mobile Apps |
| 💻OS Compatibility | Windows macOS iOS Android |
| 🔩Forex Trading Tools | Autochartist VPS Trading Central Myfxbook |
| 🤝Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 🖥️Customer Support Email Address | support@fpmarkets.com |
| ☎️Customer Support Contact Number | +61 2 8252 6800 |
| 📱Social Media Platforms | Facebook YouTube |
| ⚙️Languages Supported on Website | 10+ including English Spanish Chinese Arabic |
| 📖Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 💻Webinars | ✅Yes |
| 🎓Educational Resources | ✅Yes (articles, videos, eBooks, market analysis) |
| 🤝Affiliate Program | ✅Yes |
| 👥Amount of Partners | Thousands worldwide |
| 👍IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes, involved in sports sponsorships |
| 💴Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes (Micro Accounts) |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.9/5
Min Deposit
AUD 100
Regulators
ASIC, CySEC, FSCA, FSA, FSC, CMA
Trading Platform
MT4, MT5, Iress, WebTrader, cTrader, TradingView, Mobile App
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅ Pros | ❌ Cons |
| FP Markets is regulated in several regions | There are limited instruments offered |
| MetaTrader, cTrader, and IRESS are available | research tools are not extensive |
| Tight Spreads | Withdrawal fees apply |
| There are low forex fees | No sign-up or no-deposit bonus |
Frequently Asked Questions
What types of accounts does FP Markets offer?
FP Markets offers Standard and Raw ECN accounts for both MetaTrader 4 and MetaTrader 5 platforms.
What are the spreads like at FP Markets?
Spreads start from 0.0 pips on Raw ECN accounts and from 1.0 pips on Standard accounts.
What are the deposit and withdrawal methods available at FP Markets?
FP Markets supports various deposit and withdrawal options, including bank transfers, credit/debit cards, and e-wallets like Neteller and Skrill.
Does FP Markets provide educational resources?
Yes, FP Markets offers a range of educational resources including webinars, eBooks, and trading tutorials.
Overall Rating
- 4.9/5
Min Deposit
AUD 100
Regulators
ASIC, CySEC, FSCA, FSA, FSC, CMA
Trading Platform
MT4, MT5, Iress, WebTrader, cTrader, TradingView, Mobile App
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
FP Markets is suitable for both beginner and experienced traders looking for a reliable and well-regulated forex broker with diverse account options and trading platforms.
10. HYCM
Overall, HYCM can be summarized as a trustworthy broker that offers excellent customer support, a wide selection of market instruments, and technologically advanced programs to assist traders with maximizing funds and developing trading skills.
| 🔍Broker | 🥇HYCM |
| 🔢Year Founded | 1977 |
| 👤Amount of staff | 100+ |
| 👥Amount of active traders | Not publicly disclosed |
| 📌Publicly Traded | None |
| 📈Regulation | FCA |
| 🌎Country of regulation | UK |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative balance protection | ✅Yes |
| 💙Investor Protection Schemes | ✅Yes (UK and EU) |
| ➡️Institutional Accounts | ✅Yes |
| 🫴🏻Managed Accounts | ✅Yes |
| 💴Minor account currencies | ✅Yes |
| 💵Minimum Deposit | $100 |
| ⏰Average deposit/withdrawal processing time | 1-3 business days |
| 💳Fund Withdrawal Fee | None |
| ✏️Spreads from | 0.2 pips (for fixed spreads) |
| 💷Commissions | Variable, depends on account type |
| 🔢Number of base currencies supported | 16 |
| 💸Swap Fees | ✅Yes (depends on account type and market conditions) |
| ⬆️Leverage | Up to 1:500 |
| 📉Margin requirements | Variable |
| ☪️Islamic account (swap-free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | 1-2 seconds (depends on market conditions) |
| 🖥️VPS Hosting | Available |
| 🫴🏻CFDs-Total Offered | 150+ |
| 📈CFD Stock Indices | ✅Yes |
| 📉CFD Commodities | ✅Yes |
| 📊CFD Shares | ✅Yes |
| 💶Deposit Options | Bank Transfer Credit/Debit Cards, E-wallets |
| 💳Withdrawal Options | Bank Transfer, Credit/Debit Cards, E-wallets |
| 📊Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| 🍎OS Compatibility | Windows, MacOS, Android, iOS |
| 🪛Forex trading tools | Trading signals, market analysis tools |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live chat availability | ✅Yes |
| 💻Customer Support Email address | info@hycm.com |
| ☎️Customer Support Contact Number | +44 (0) 207 071 5215 |
| 📱Social media Platforms | Facebook, Twitter, |
| ⚙️Languages supported on HYCM Website | English, Arabic, Chinese, Russian |
| 🎓Education and Research | ✅Yes |
| ✏️Forex course | ✅Yes |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | Articles, video tutorials, trading guides |
| 🤝Affiliate program | ✅Yes |
| 👥Amount of partners | Not publicly disclosed |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | None |
| 🎀Rebate program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.5/5
Min Deposit
USD 20
Regulators
FCA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
69
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅Pros | ❌Cons |
| Segregates client funds | Doesn’t offer VPS |
| Established in 1977 | Inactivity Fee |
| Regulated by FCA | Limited range of instruments |
| Minimum deposit from $1 | Not ASIC Regulated |
Frequently Asked Questions
Does HYCM offer a demo account?
Yes, HYCM provides a free demo account for traders to practice without risking real money.
What is the average deposit and withdrawal processing time at HYCM?
Deposits are generally processed instantly, while withdrawals typically take 1-3 business days.
What are the spreads like at HYCM?
Spreads start from 1.0 pips, depending on the account type and trading conditions.
What are the customer support options at HYCM?
HYCM offers customer support via live chat, email, and phone.
Overall Rating
- 4.5/5
Min Deposit
USD 20
Regulators
FCA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
69
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
HYCM provides a range of account types, competitive trading conditions, strong regulatory oversight, and comprehensive support and educational resources, making it a solid choice for many traders.
Is Forex Trading Legal in Vietnam?
Yes, forex trading is legal in Vietnam. However, the regulatory framework for forex trading in Vietnam is relatively strict, and the industry is overseen by the State Bank of Vietnam (SBV).
Traders should be cautious and ensure that any forex broker they choose is properly licensed and regulated by relevant authorities. Many international brokers operate in Vietnam, but it is important to select those that comply with Vietnamese regulations.
Overall, while forex trading is legal, traders need to comply with local regulations and ensure that they are dealing with reputable and licensed brokers.
Conclusion
Now it is your turn to participate:
- Which Vietnamese broker from this list do you intend to test out?
- What was the determining factor in your decision to engage with a particular broker?
- Was it because of the VND ₫ minimum deposit or the Pros and Cons?
Regardless, please share your thoughts in the comments below.
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Frequently Asked Questions
Is there a demo account available with Exness?
Yes, Exness offers a free demo account that allows traders to practice and familiarize themselves with the platform and market conditions.
Does AvaTrade offer a mobile trading app?
Yes, AvaTrade offers the AvaTradeGO app, which is available on both iOS and Android devices.
Does FXPIG offer Islamic (swap-free) accounts?
Yes, FXPIG offers Islamic accounts that are swap-free for clients who adhere to Sharia law.
Does HFM offer a demo account?
Yes, HFM provides a free demo account with virtual funds for traders to practice their strategies.
What are the deposit and withdrawal options at XM?
XM supports several payment methods, including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller.
Does FXTM offer customer support?
Yes, FXTM provides 24/7 multilingual customer support via live chat, phone, and email.
Does FXCM offer leverage?
Yes, FXCM offers leverage, with ratios depending on the region and account type, but it can go up to 1:400 in some regions.
Does Saxo Bank have an affiliate or IB program?
Yes, Saxo Bank offers both affiliate and Introducing Broker (IB) programs, allowing partners to earn commissions by referring new clients.
Does FP Markets offer customer support?
Yes, FP Markets provides 24/5 customer support via live chat, phone, and email.
Does HYCM have a rebate program?
HYCM offers a rebate program for qualifying accounts.
Is forex trading legal in Vietnam?
Yes. Forex Trading is 100% legal in Vietnam.
Which is the most used forex broker in Vietnam?
According to research, FXCM is the most popular broker choice in Vietnam.
How many forex traders are currently active in Vietnam?
The rough estimate is approximately 10,000 active Vietnamese traders per month.
Can you make money with forex trading in Vietnam?
Yes. However, according to research, approximately 75% of all traders lose money due to a wide number of factors.
Who regulates Forex Trading in Vietnam?
Forex trading in Vietnam falls under the regulatory authority of the Government of Vietnam by the regulations of Foreign Exchange Management.
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