Alpari (UK) Vietnam Review 2024 - TU expert opinion
Is the Forex market legit in Vietnam?
Forex market has a great potential in Vietnam, but this type of activity is not regulated legislatively. The state bank did not approve trading transactions in the international Forex market out of fear that this type of activity could weaken the dong, the Vietnamese national currency.
Traders can register on the online platforms of international brokers, depositing USD to their accounts. However, trading in the Forex market in Vietnam is associated with significant risks, since brokerage companies operate illegally in this country.
How to Trade Forex in Vietnam
In order to trade currency assets you need to choose an international broker with a license of a European or U.S. regulator. Make sure that the broker supports users from Vietnam. The next step is registration of a personal account and verification. You can deposit funds to your account using international payment systems, as a bank may charge a high fee for bank transfers. Once the money is credited to your account, you can choose the trade and buy or sell currency.
Our Evaluation of Alpari (UK)
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Alpari (UK) is a reliable broker with the TU Overall Score of 7.01 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Alpari (UK) clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company.
The Alpari broker focuses on traders with all levels of experience and provides clients with reasonable conditions for both active trading and investment.
Attention! The company does not participate in the cashback program.
Detailed Review of Alpari (UK) in Vietnam
Alpari (UK) is a good choice for traders from Vietnam. The broker complies with all the requirements of the local regulator and offers attractive trading conditions for the clients.
The Alpari broker has been providing services in the foreign exchange market for over 20 years and during this time has managed to enlist customer support from more than 150 countries. The priority of the company is quality service for traders and providing comfortable conditions for trading using innovative technologies. The broker managed to develop its own mobile application for online trading, a cashback system, and establish a charitable foundation.
A few numbers about the Alpari broker which will help a trader to choose a reliable broker:
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over 20 years of experience in the foreign exchange market;
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the company has over 1 million clients;
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cooperates with traders from 150 countries;
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trade turnover in 2019 amounted to over $1 trillion;
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during its work, the broker has received more than 30 local and international awards.
Advantages of Alpari (UK) for trading in Vietnam
Traders Union analysts conducted a detailed analysis of Alpari (UK) for traders from Vietnam. The experts outlined the key benefits of the company for the clients from this country. The advantages of the broker are as follows:
a wide range of trading accounts for clients with different needs and experience in trading;
prompt and polite support service, which can be contacted round-the-clock during the workweek;
a mobile application that allows you to carry out trades via a smartphone or other gadget;
a large number of ways to replenish the deposit and to withdraw earnings;
availability of training courses for traders with different levels of experience in foreign exchange trading;
investment offers for passive trading.
Also, the broker allows traders to hedge orders, use trading robots, advisors, and trading signals.
Analysis of the Main Features of Alpari (UK) in Vietnam
Traders Union analysts analyzed the key features of Alpari (UK) for traders from Vietnam. TU uses its own evaluation method, assessing each block separately. Based on the results of the assessment, an overall score is given.
Trading conditions for Alpari (UK) traders from Vietnam
It is important to assess trading conditions before you decide to work with a specific company. Traders Union analysts have prepared a comparison of Alpari (UK) trading conditions for traders from Vietnam. The experts analyzed minimum deposit, trading platforms, leverage and other important information that could impact a trader's choice of a broker.
💻 Trading platform: |
MetaTrader 4, MetaTrader 5
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📊 Accounts: |
nano.mt4, standard.mt4, standard.mt5, ecn.mt4, pro.ecn.mt4, special.ecn.mt4, ecn.mt5
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💰 Account currency: |
USD and EUR
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💵 Replenishment / Withdrawal: |
Bank transfer, bank cards, internet banks, electronic payment systems, payment terminals
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🚀 Minimum deposit: |
From $1
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⚖️ Leverage: |
Up to 1:3000
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💼 PAMM-accounts: |
Yes
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📈️ Min Order: |
0.01 lot
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💱 Spread: |
from 0.2 pips
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🔧 Instruments: |
Currency pairs, metals, CFDs
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💹 Margin Call / Stop Out: |
50%, from 10%
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🏛 Liquidity provider: |
-
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📱 Mobile trading: |
Yes
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➕ Affiliate program: |
Yes
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📋 Orders execution: |
Instant execution, Market execution
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⭐ Trading features: |
Automatic trading and use of trading signals; Investment offers for passive trading; Prompt and polite support service.
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🎁 Contests and bonuses: |
Yes
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Alpari (UK) Commissions and Fees
Traders Union analysts analyzed commissions and fees charged by Alpari (UK) for traders from Vietnam. Within the framework of the analysis, all types of trading and non-trading fees traders are charged with were evaluated.
The experts at Traders Union have reviewed the trading conditions of Alpari for explicit and hidden commissions. No hidden trading fees were found, nor does the broker set a commission for the replenishment of a deposit or withdrawal of funds. Other commissions may be charged by a payment system under its rules. Users of pro.ecn.mt4 and ecn.mt5 accounts pay a commission of $1.6 per 1 lot and users of special.ecn.mt4 pay $6 per lot.
Account type | Spread (minimum value) | Withdrawal commission |
nano.mt4 | From $8 | No |
standard.mt4 | From $8 | No |
standard.mt5 | From $8 | No |
ecn.mt4 | From $8 | No |
pro.ecn.mt4 | From $8 | No |
special.ecn.mt4 | From $8 | No |
ecn.mt5 | From $8 | No |
There is a commission for the transfer of trading positions to the next day (swap). Also, TU has compared trading commissions at the Alpari broker with those of other Forex brokers. Each broker was assigned a level from low to high, based on the results of the assessment for this parameter.
FAQs
Is Alpari (UK) legal in Vietnam?
Yes. Alpari (UK) operates legally in Vietnam. The broker holds the necessary licenses.
Can you learn trading with Alpari (UK)? Does the broker offer courses for traders from Vietnam?
Yes, Alpari (UK) offers good trading courses and a lot of educational information for clients from Vietnam.
Can Alpari (UK) be trusted? Has the broker been operating in Vietnam long?
Alpari (UK) has been operating in Vietnam quite long and has a good reputation. Therefore, traders can work with Alpari (UK).
Is Alpari (UK) suitable for novice traders from Vietnam?
Yes. Alpari (UK) offers optimal trading conditions and good education for beginners from Vietnam.
How efficient is Alpari (UK) customer support in Vietnam?
Alpari (UK) offers a sufficient number of ways to contact customer support in Vietnam, and also provides support in the state language.
Has Alpari (UK) had any incidents involving theft of funds of clients from Vietnam?
No. Alpari (UK) provides reliable security of funds of clients from Vietnam.
Will I be able to file a lawsuit in Vietnam if Alpari (UK) violates my rights?
Yes. If Alpari (UK) violates your rights, you can file a complaint with the regulator of Vietnam, and then with a court.
Can Alpari (UK) clients from Vietnam use the broker’s mobile app?
Yes. The mobile app of Alpari (UK) is available for the clients from Vietnam.
Does Alpari (UK) provide Vietnam market analysis?
Analysis of Vietnam is featured in the information provided by Alpari (UK).
How can I withdraw funds from my account at Alpari (UK) in Vietnam?
Alpari (UK) supports bank transfers and debit/credit cards of the banks operating in Vietnam.
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.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.