Many traders in Vietnam use mobile apps to trade. Many brokers operate in this country, each offering their own platform. Before making a choice, it is important to evaluate apps to find the one that perfectly suits your goals and strategy. TU analysts compared Top 5 mobile apps. You will be able to choose the Best Forex Trading App in Vietnam for 2024, based on our assessments.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Eightcap has favorable working conditions due to a large choice of instruments, tight spreads, high leverage, and no withdrawal fees. Integration with popular trading platforms and basic deposit/withdrawal options greatly facilitates work with the broker and reduces the entry threshold. In addition to comfortable conditions and low financial costs, traders get free educational materials and special services for technical analysis. Some solutions, like Capitalise.ai, have no constructive counterparts. A relative disadvantage is the absence of opportunities for passive income. Also, the broker works only with CFDs, so other groups of trading instruments are not available.
TeleTrade is a broker for traders who value the variety of trading instruments and trade using their PC or a mobile app. The company is a good broker both for beginners and experienced traders.
ForexMart is a broker for those who value a wide range of trading instruments as well as quick support. This company is a good choice for both new and experienced traders who work from PCs and smartphones.
XBTFX provides access to a large number of CFDs on the most sought-after assets. The entry threshold is low, a demo is available, and the minimum deposit is only $10. Spreads on the Standard account are average for the market, while on ECN they are below the market average. The fee is less than that of this broker’s leading competitors. Passive income is available in all the main options, which is a big plus. The main disadvantages are that deposits and withdrawals are made only in cryptocurrencies and this broker does not disclose some trading information on its website.
Best Forex Trading App in Vietnam for 2024
| RoboForex | Eightcap | TeleTrade | ForexMart | XBTFX | |
|---|---|---|---|---|---|
|
Trading platform |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
MT4, MT5 |
MT4, MT5 |
MT4 |
cTrader, MetaTrader4, MetaTrader5 |
|
Min deposit |
$10 |
$100 |
$1 |
$1 |
$10 |
|
Leverage |
From 1:1 |
From 1:30 |
From 1:1 |
From 1:1 |
From 1:1 |
|
Trust management |
No |
No |
No |
No |
No |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
|
Spread |
From 0 points |
From 0 points |
From 0.8 points |
From 0 points |
From 0 points |
|
Level of margin call / stop out |
60% / 40% |
80% / 50% |
70% / 20% |
30% / 10% |
No |
|
Execution of orders |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
|
No deposit bonus |
No |
No |
No |
$150 |
No |
|
Cent accounts |
Yes |
No |
No |
Yes |
No |
1
Best Forex Apps in Vietnam - RoboForex
RoboForex is a brokerage company that was founded in 2009. RoboForex is a leading software developer in the Forex industry and one of the best Forex brokers based on client reviews.
RoboForex is recognized as a reliable partner by the most respected financial market experts. The company has won numerous prestigious awards. The RoboForex group of companies has an international license to provide services from FSC Belize (license No. 000138/437).
👍 Advantages of trading with RoboForex for traders in Vietnam:
•Availability of favorable trading conditions and a minimum deposit
•Unique investment program CopyFx
•Highest affiliate payments: up to 84% of the fee paid by the referral
•Market launch - STP and ECN
•Instant withdrawal of funds
•Minimum deposit - $10
👎 Disadvantages of RoboForex for traders in Vietnam:
•A small number of currency pairs - 36, for accounts: Pro, Pro-Cent, ECN, Prime
•Lack of tools when trading on the R StocksTrader platform
2
Best Forex Apps in Vietnam - Eightcap
Eightcap offers more than 800 trading instruments, namely CFDs [contract for (price) differences] on currency pairs, cryptocurrencies, indices, stocks, commodities, and precious metals. The broker has a minimum deposit of $100, a free demo account, and two live account types, which differ in trading costs. One account type has standard spreads without a fee, and the other has raw spreads that carry a brokerage fee. The maximum leverage is 1:500. Traders can use any strategy with minimal restrictions. Trading is carried out through MetaTrader 4, MetaTrader 5, and TradingView. Eightcap has two main features. First, the broker has a powerful training and analytical base. Second, the platform offers a number of unique tools, for example, Capitalise.ai, which provides automated trading with minimal risk. At the same time, there are no options for passive income, not even a referral program.
👍 Advantages of trading with Eightcap for traders in Vietnam:
•The broker is registered in the Bahamas and Seychelles, and is regulated by the Securities Commission of the Bahamas (SCB, SIA-F220), ASIC (391441), FCA (921296), CySEC (246/14). Also, it partners with many proprietary firms;
•Traders need to deposit only $100 to open a live account, and the broker imposes few trading limits on its clients;
•Hundreds of the most popular CFDs are available, and the pool is constantly expanding;
•Eightcap provides one of the most profitable trading costs with really tight spreads;
•Almost all options for depositing/withdrawing funds are available and the broker does not charge a withdrawal fee;
•The broker’s clients can work through any of the three top trading platforms, including mobile versions of the MetaTrader solutions;
•The company provides high-quality training, extensive analytics, and its own developments for automated trading.
👎 Disadvantages of Eightcap for traders in Vietnam:
•No joint accounts, copy trading, referral program, or other options for passive income;
•Eightcap has some regional restrictions. For example, some services are not available in Australia;
•The broker's technical support is efficient and competent, but it is not available on weekends.
3
Best Forex Apps in Vietnam - TeleTrade
TeleTrade was established in 1994. The company won 2018 Traders Union Awards as the Best Broker in Europe. The brokerage company is a member of the Association of Forex Dealers, a self-regulatory organization in the financial market. The company is also regulated by the Cyprus Securities and Exchange Commission (CySEC, 158/11). The European branch of TeleTrade has adopted the brand name Earn.
The broker provides access to trading various currency pairs, as well as metals, stocks, cryptocurrencies, indices, and energies.
👍 Advantages of trading with TeleTrade for traders in Vietnam:
•detailed analytical section;
•informative educational section.
👎 Disadvantages of TeleTrade for traders in Vietnam:
•no PAMM accounts or other money management options;
•a small range of trading instruments;
•few withdrawal options;
•support is available 24/5;
•withdrawals delayed;
•technical support responds slowly;
•sometimes it takes a long time to verify data.
4
Best Forex Apps in Vietnam - ForexMart
ForexMart is a company that operates globally, except for the United States, North Korea, Myanmar, Sudan, and Syria. The company is part of the TradoMart Ltd group. It was registered in 2015 in Cyprus, is regulated by the Cyprus Securities and Exchange Commission (CySEC, 266/15), and is a member of the European Securities and Markets Authority (ESMA). This broker provides clients with access to Forex currencies and other trading instruments such as futures contracts for stocks and precious metals.
Over the years, ForexMart has won many awards including “The Best New Broker in Europe 2016” from the International Financial Journal (IFM). A year earlier, ForexMart was named “The Most Promising Broker in Asia”, according to ShowFx World.
👍 Advantages of trading with ForexMart for traders in Vietnam:
•a diverse range of over 100 trading instruments. In addition to Forex currency, clients can use cryptocurrencies, as well as futures contracts for metals and stocks;
•the company’s official website contains a wealth of useful trading tips and educational materials.
•interesting partner programs for those looking to make extra money, as well as the option to invest in auto-copy trading.
👎 Disadvantages of ForexMart for traders in Vietnam:
•customer service is available 24/5;
•not suitable for scalping;
•few investment opportunities;
•no MT5 platform;
•a small set of analytical tools in comparison with some of its competitors;
•no PAMM accounts;
•not all trading advisors work stably.
5
Best Forex Apps in Vietnam - XBTFX
XBTFX is a CFD and cryptocurrency broker for BTC, ETH, XRP, LTC, BNB, and other altcoins. CFDs on more than 200 assets, such as currency pairs, cryptocurrencies, stocks, indices, commodities, and precious metals are available. There is a free demo account and two live account types, namely Standard and ECN. Clients can open an Islamic swap-free account upon request. The minimum deposit is $10. Spreads on the ECN account are raw starting from 1 pips. There are no trading fees on Standard and Islamic accounts, while on ECN, the fee is $3.5 per full lot. MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader are available to traders. The maximum leverage is 1:500. This broker offers good training with articles for novice traders and experienced market participants. Passive income options are a copy trading service, MAM and PAMM accounts, and a referral program.
👍 Advantages of trading with XBTFX for traders in Vietnam:
•This broker offers a wide pool of assets from different groups, which provides for diversifying risks and expanding profit potential;
•The demo account is free, while for trading on live account types a $10 deposit is required. Top trading platforms are available;
•This broker does not set restrictions on trading, thus scalping, hedging, use of advisors, and trading news are available;
•Traders’ costs are minimal with spreads starting from 1 pips (or from 0.01 pips on the ECN account);
•Educational materials are aimed at novice traders and experienced users;
•Several passive income options such as the copy trading service, joint accounts, and a referral program are available;
•Technical support works 24/7 and is available via call center and email.
👎 Disadvantages of XBTFX for traders in Vietnam:
•All trading instruments are CFDs;
•Deposits and withdrawals can be made only in cryptocurrencies, fiat currency is not available;
•This broker does not provide its services to residents of Belgium, Belarus, Russia, Iran, North Korea, Sudan, Yemen, etc.
Best Forex Trading App in Vietnam 2024: Education for Investors
When choosing the app, it is important to consider educational tools offered by brokers. TU analysts prepared a comparison of educational programs.
RoboForex - Education for Investors
Investment Education Online
A large training section has been created on the RoboForex website. Each trader will receive the necessary information for successful trading — from the basics of the Forex market to analytics, reviews of trading strategies, advisors, and indicators.
The company's specialists recommend opening a demo (practice) account and educating yourself by obtaining and later applying theoretical knowledge in practice by actually trading on the demo account, thereby combining theory and practice. Thus, you will gain valuable experience and the necessary skills to work on a real account.
Eightcap - Education for Investors
Investment Education Online
Some brokers try to help traders in researching trading on certain markets. This is an advantage because only successful traders constantly engage in self-learning, and not just blind trading alone. Studying materials by industry experts, reading specialized books, and attending webinars taught by experienced trainers provide useful knowledge, which is then applied in practice to create successful trading strategies. Eightcap refers to brokers that offer a comprehensive educational system and materials presented in different formats. Most of the basic information will be extremely useful for novice traders, while professional market participants can receive up-to-date analytics and unique expert materials.
In some reviews, traders note the absence of structured training and its narrow focus. Experts agree with this, but Eightcap provides a very significant amount of information for trading CFDs, which compares favorably with most of its competitors.
TeleTrade - Education for Investors
Investment Education Online
The TeleTrade website features a large educational section where every trader can find information for successful Forex trading and more. The broker provides information on the basics of analysis, trading strategies, and also offers educational courses, video tutorials. The company also holds webinars.
You can test the knowledge you gained on the TeleTrade website by using a demo account. The broker’s specialists believe it can give novice traders the experience and skills to trade on a live account.
To support traders, a separate analytical section has been created on the website with an economic calendar, news and market overview.
ForexMart - Education for Investors
Investment Education Online
The ForexMart website includes a multi-page education brochure titled “The 10 Behind Forex Trading”, which is published in the relevant section and available in an electronic version.
Note: The Presentation section also includes a wealth of useful information, such as a step-by-step guide for opening a trading account.
ForexMart suggests beginning with a demo account to put theoretical knowledge into practice. This provides novice traders with the confidence, skills, and experience needed to begin trading on the real market, while also lowering the risk of making mistakes. To support traders, there is up-to-date analytical information, which, as well as educational materials, can be found on the official website in the Tools tab. The analytical section includes Economic News, Market Analysis, and an economic calendar.
XBTFX - Education for Investors
Investment Education Online
Experienced traders are well aware that practice alone is not enough for success. It is necessary to learn trading methods and life hacks. The market is constantly changing, so it is extremely important to follow the current realities. Moreover, sometimes clients with practically no experience come to brokers. For this reason, some companies offer educational programs. It can be regular FAQs on the basics of trading, or full-fledged training courses. XBTFX, like many competitive platforms, is somewhere in the middle. This broker's website has several extensive and practically useful articles for both novice traders and professionals. The same block provides expert opinions and the latest news with integrated analytics.
The main disadvantage of XBTFX’s educational system is its small volume. But the articles cover almost all the most important topics, including risk management and the psychology of trading. So even experienced market participants can find a lot of useful things here.
Summary
In this review, you had an opportunity to learn about the features of 5 brokers, which traders in Vietnam choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Forex Trading App in Vietnam 2024.
| RoboForex | Eightcap | TeleTrade | ForexMart | XBTFX | |
|---|---|---|---|---|---|
|
Overall score |
8.61 |
7.69 |
7.19 |
6.23 |
5.92 |
|
Execution of orders |
8.95 |
7.9 |
3.21 |
2.93 |
2.77 |
|
Investment instruments |
8.2 |
8.5 |
6.7 |
6.91 |
5.55 |
|
Withdrawal speed |
9.71 |
7.6 |
7.79 |
8.14 |
9.69 |
|
Customer Support work |
9.17 |
7.2 |
8.41 |
5.98 |
5.95 |
|
Variety of instruments |
8.75 |
8.02 |
8.75 |
6.72 |
8.02 |
|
Trading platform |
6.86 |
6.9 |
8.29 |
6.7 |
3.53 |
|
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FAQ
Do all brokers offer mobile apps for iOS and Android?
Unfortunately no. Some companies focus only on one operating system. Before opening an account make sure that the broker offers the version for your operating system.
Do I need to pay for downloading the app?
Brokers do not charge a fee for downloading their mobile app. They are provided for free.
Can a platform function less effectively in the app than in the web version?
The platforms of reliable brokers with good apps work as smoothly as the web version. Therefore, there are almost no instances when the app runs poorly and the web version runs well. That may happen only in case of technical failures, which also happen rarely if the app is good.
Are there versions of the apps for tablets?
In some cases, Forex brokers develop separate versions of apps for smartphones, tablets and even for TV sets.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.