FXTRADING.com 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.
Analysis of the Main Features of FXTRADING.com in Vietnam
Traders Union analysts analyzed the key features of FXTRADING.com 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 FXTRADING.com 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 FXTRADING.com 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: |
Desktop MT4, Mobile MT4, Web Trader MT4, MT5
|
---|---|
📊 Accounts: |
Alpha Account, Standard Account
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💰 Account currency: |
AUD, USD, EUR, GBP, SGD, NZD, CAD
|
💵 Replenishment / Withdrawal: |
Xpay, PayTrust, Southeast Asia Local Bank Transfer and Spayz
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🚀 Minimum deposit: |
50$
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⚖️ Leverage: |
1:500
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💼 PAMM-accounts: |
Yes
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📈️ Min Order: |
0.01
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💱 Spread: |
Raw Spreads
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🔧 Instruments: |
Forex Currency Pairs, Commodities, CFDs on Indices, Spot Metals, Share CFDs, Energies, Crypto CFDs
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💹 Margin Call / Stop Out: |
100%/50%
|
🏛 Liquidity provider: |
No
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📱 Mobile trading: |
Mobile Platforms
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➕ Affiliate program: |
Yes
|
📋 Orders execution: |
Market execution
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⭐ Trading features: |
Web Trader; Crypto CFDs; Customer support 24/5.
|
🎁 Contests and bonuses: |
Yes
|
FXTRADING.com Commissions and Fees
Traders Union analysts analyzed commissions and fees charged by FXTRADING.com 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 broker compensates for non-trading fees on deposits and withdrawals. As a fee for performance of transactions with financial instruments, FXTRADING.com charges spread (Standard accounts) or spread + commission per lot (Pro accounts).
Account type | Spread (minimum value) | Withdrawal commission |
Standard | $10 | No |
Pro | $3.5 | No |
FAQs
Is FXTRADING.com legal in Vietnam?
Yes. FXTRADING.com operates legally in Vietnam. The broker holds the necessary licenses.
Can you learn trading with FXTRADING.com? Does the broker offer courses for traders from Vietnam?
Yes, FXTRADING.com offers good trading courses and a lot of educational information for clients from Vietnam.
Can FXTRADING.com be trusted? Has the broker been operating in Vietnam long?
FXTRADING.com has been operating in Vietnam quite long and has a good reputation. Therefore, traders can work with FXTRADING.com.
Is FXTRADING.com suitable for novice traders from Vietnam?
Yes. FXTRADING.com offers optimal trading conditions and good education for beginners from Vietnam.
How efficient is FXTRADING.com customer support in Vietnam?
FXTRADING.com offers a sufficient number of ways to contact customer support in Vietnam, and also provides support in the state language.
Has FXTRADING.com had any incidents involving theft of funds of clients from Vietnam?
No. FXTRADING.com provides reliable security of funds of clients from Vietnam.
Will I be able to file a lawsuit in Vietnam if FXTRADING.com violates my rights?
Yes. If FXTRADING.com violates your rights, you can file a complaint with the regulator of Vietnam, and then with a court.
Can FXTRADING.com clients from Vietnam use the broker’s mobile app?
Yes. The mobile app of FXTRADING.com is available for the clients from Vietnam.
Does FXTRADING.com provide Vietnam market analysis?
Analysis of Vietnam is featured in the information provided by FXTRADING.com.
How can I withdraw funds from my account at FXTRADING.com in Vietnam?
FXTRADING.com 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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
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.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!