Best Binary Brokers in Vietnam

Top 5 binary brokers in Vietnam

1 QUOTEX

QUOTEX Review

Open an account

Your capital is at risk.

QUOTEX is a broker specializing in binary options trading. The company was established in 2019. Its clients can trade currencies, metals, oil, cryptocurrencies, stock indices and earn a profit of up to 90% of the value of the option. QUOTEX has developed a proprietary trading platform which is easily customized, supports 29 technical indicators and allows investments from USD 10. The broker’s team provides support 24/7. Personal and payment information of the clients are protected with two-factor authentication.

2 Pocket Option

Pocket Option Review

Open an account

Your capital is at risk.

The Pocket Option broker is part of Gembell Limited holding, which was founded by a group of professionals seasoned in trading and investment activities. The company is mass-market requirements-based, therefore, it provides quality services to binary options trading in the OTC market access. The broker strives to make the trading process as simple, clear, and convenient as possible. For this reason, Pocket Option has developed a unique trading platform to ensure stable trading for traders and investors.

Pocket Option trading conditions are classic for the binary options market. You can trade currency pairs, stocks, commodities, and cryptocurrencies using a web platform, designed with the inherent characteristics of working with options in mind. The minimum initial deposit for all accounts is $50, but hereinafter the balance should be from $100 to $50,000 (depending on the profile). The Pocket Option minimum deposit is $1.

3 Deriv

Deriv Review

Open an account

Your capital is at risk.

Deriv is a brokerage company that started its activities in 1999. Deriv's mission is to make trading accessible. For this reason, the company has low minimum deposit requirements, but high-quality working conditions. DTrader is one of the broker's several proprietary trading platforms. Two others are DBot and DMT5. Deriv offers its clients to trade Forex assets, stocks, indices (including synthetic ones), CFDs, commodities, and options. Deriv is an international broker licensed and regulated by the following bodies: Vanuatu Financial Services Commission (VFSC, 14556), Malta and Labuan Financial Services Authority (MFSA, 71479 and Labuan FSA, MB/18/0024), BVI FSC (SIBA/L/18/1114). The rights of traders are guarded by the Financial Commission, of which Derive is also a member.

4 Binarium

Binarium Review

Open an account

Your capital is at risk.

Established in 2012, Binarium is a binary options broker that provides services to international clients. The platform's creators ensured that it was simple to use to allow novice traders a smooth experience.

Binarium head offices are situated in Saint Vincent and the Grenadines. It's ideal for beginners who wish to develop their trading careers, starting with binary options that are easier to master than foreign exchange.

The broker also uses European banks to hold the client's funds, meaning they are separate from the broker account.

5 Binomo

Binomo Review

Binomo is a broker for those who treasure quality and reliability. The impressive range of trading instruments is an advantage. Binomo is a proper broker for both novice and professional traders who work on a PC or prefer to trade on a mobile device.

Binomo is one of the top volatile arbitrage websites. It also includes broker and related services, like training, analytics, and client support. This high-tech service allows clients to objectively assess the real market situation and deduce the level of risk. Binomo is regulated by the Financial Commission, an independent organization on dispute settlement that specializes in financial markets. Since 2018, the broker has been a member of the “A” category of the International Financial Commission. This is a guarantee of quality, reliability, safety, and protection of the trader.

Is binary trading legal in Vietnam?

While Vietnam does not have a specific licensing system for binary options brokers, the State Bank of Vietnam (SBV) plays a crucial role in establishing a regulatory framework to maintain a secure investment environment for traders. To ensure safety, Vietnamese citizens are advised to opt for brokers operating under the supervision of stringent licensing authorities. This additional layer of oversight helps provide a higher level of protection for traders in Vietnam.

Are international binary brokers legit in Vietnam?

International binary brokers are legitimate in Vietnam, but it's essential for Vietnamese traders to exercise caution and select international brokers that are regulated by well-known and reputable authorities. Brokers regulated by established regulatory bodies such as the UK's Financial Conduct Authority (FCA), Australia's Australian Securities and Investments Commission (ASIC), the European Union's Markets in Financial Instruments Directive (MiFID), the United States' Commodity Futures Trading Commission (CFTC), or Cyprus's Cyprus Securities and Exchange Commission (CySEC) are advised. These regulatory bodies impose strict standards on brokers, providing a level of oversight and protection for traders. However, traders should thoroughly research and verify the credentials of any international broker they consider to ensure they are dealing with a reputable and regulated entity.

How to choose a binary broker in Vietnam?

Selecting a binary broker in Vietnam is crucial for a successful trading experience. Here are five tips to consider when making your choice, according to TU experts:

• 1

  Regulation: Ensure the broker is regulated by a reputable authority. Look for licenses from organizations like the UK's Financial Conduct Authority (FCA), Australia's Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC). Regulation provides a level of security and accountability

• 2

  Reputation: Research the broker's reputation through online reviews, forums, and feedback from other traders. A broker with a positive track record and good client feedback is more likely to be trustworthy

• 3

  Trading platform: Evaluate the broker's trading platform. It should be user-friendly, stable, and offer the features you need for your trading strategy. Test the platform's demo account to ensure it suits your preferences

• 4

  Asset options: Check the variety of assets available for trading. A broker offering a wide range of assets, including currency pairs, commodities, stocks, and indices, provides more opportunities for diversification

• 5

  Customer support: Assess the quality of customer support. Reliable customer support is essential in case you encounter issues or have questions. Prompt and responsive support can make your trading experience smoother

Do I pay trading taxes in Vietnam?

Yes, any profits you make from trading binary options are subject to tax in Vietnam. Capital gains from trading are generally considered taxable income, but the tax rates and regulations can vary depending on trading duration and volume.

How much can I earn in binary trading?

The potential earnings in binary trading vary widely based on factors such as your initial investment, the chosen trading strategy, market conditions, and your skill level. While it's possible to make significant profits, it's equally possible to incur substantial losses. Binary trading is speculative and high-risk, so there's no fixed or guaranteed amount you can earn. It's essential to approach binary trading with caution, use risk management strategies, and only invest what you can afford to lose. Gaining experience and education in trading can improve your chances of making profits, but it's not a guaranteed income source.

Tips for Successful Binary Options Trading in Vietnam

Binary options trading involves high risk and the potential for substantial losses. Success in trading often requires patience, discipline, and continuous learning. Here are 5 tips for successful binary options trading in Vietnam, highlighted by TU analysts:

• 1

  Education and research: Start by gaining a solid understanding of binary options and the financial markets. Continuously educate yourself about trading strategies, market analysis, and risk management. Knowledge is your best ally in trading

• 2

  Choose a reputable broker: Select a regulated and reputable binary options broker. Look for one with a user-friendly trading platform, a variety of assets, and responsive customer support. Ensure the broker aligns with your trading goals and risk tolerance

• 3

  Risk management: Implement strict risk management strategies, including setting stop-loss orders and determining the amount you're willing to risk on each trade. Avoid investing more than you can afford to lose

• 4

  Diversify your assets: Don't put all your capital into a single asset or trade. Diversify your investments across various assets to spread risk and improve your chances of success

• 5

  Practice with a demo account: Many brokers offer demo accounts that allow you to practice trading without risking real money. Use this opportunity to refine your strategies and gain experience before trading with real funds