Forex Exchange Ranking: 13 Popular Forex Trading Platforms in Vietnam

The foreign exchange trading market is increasingly attracting investors in Vietnam. However, choosing a suitable trading platform is not an easy task as the number of platforms skyrockets. This article will help you explore the 13 highest-rated Forex platforms, from which you can find the best choice for your investment needs.

Comparing the Top 13 Forex Trading Platforms

To give you a clearer picture, below is a ranking table of forex platforms with key parameters:

13 Prominent Forex Trading Platforms in the Forex Platform Ranking

1. Mitrade - Optimal Solution for Beginners

Mitrade stands out in the forex platform ranking thanks to its user-friendly and easy-to-use interface. Licensed by ASIC & CIMA, this platform provides access to over 300+ diverse markets. From Forex, commodities, indices to cryptocurrencies, all are available.

A key advantage of Mitrade is no commission fees and leverage up to 200 times. The platform operates smoothly on mobile apps (iOS, Android) and web, allowing flexible trading anytime, anywhere.

Users can experience a demo account with $50,000 virtual funds, helping to hone skills without risk. New registration programs add up to $100 in bonuses.

Strengths of Mitrade:

• Simple, friendly trading platform
• No commission fees, leverage: 1:200
• Global trading, 24 hours/day, T+0
• Managed by ASIC - ensuring legality
• Full analytical tools: trend charts, economic calendar, strategies

2. Exness - Ultra-Fast Order Matching with High Leverage

Operating since 2008, Exness is authorized by Seychelles FSA. This platform is famous for its order matching speed of just 0.01 seconds and offers over 130 financial instruments.

Exness’s unique feature is allowing account opening with $0. Besides Forex, investors can trade cryptocurrencies, metals, CFD stocks on MT4, MT5 or Exness Web Terminal with full support for Windows, Mac, Linux, Android, and iOS.

Most payment methods are fee-free, and withdrawals are permitted 24/7. However, withdrawal processing times may be slightly longer compared to other platforms.

Strengths of Exness:

• Extremely high leverage: 1:2000
• Minimum account balance: $0
• 103 currency pairs available
• Ultra-fast order execution
• Multi-platform trading support

3. FBS - Popular Choice in the Vietnamese Market

FBS is a familiar name among Vietnamese traders thanks to its direct deposit via domestic banks and lowest competitive spreads.

Authorized by IFSC (Belize) and CySEC (Cyprus), FBS offers Forex, Indices, Stocks, Metals, and Energy trading on MetaTrader 4, MetaTrader 5 along with the FBS Trader app across multiple platforms (PC, Mac, Web, Android, iOS).

With maximum leverage of 1:3000 and minimum deposit of just $1, FBS is an ideal entry point for new forex traders. The platform often runs attractive promotional programs to support investors.

Strengths of FBS:

• Max leverage: 1:3000
• Minimum deposit: $1
• 37 supported currency pairs
• Low, competitive spreads
• Bank deposit via Vietnamese banks

4. IC Markets - For Professional Scalpers

IC Markets is the top choice for scalping traders (continuous trading). The platform ranks high due to its long-standing operation (since 2007) in Sydney with ASIC and AFSL licenses.

A special feature is the advanced ECN order matching technology, offering extremely low spreads (ECN accounts with only about $3.5 USD/lot/side). This is why IC Markets is favored by scalpers in the current forex platform ranking.

Minimum account balance is $200, maximum leverage 1:500, with over 90+ financial instruments available.

Strengths of IC Markets:

• ECN technology, ultra-low spreads
• Leverage: 1:500
• Minimum account: $200
• 60 currency pairs
• Suitable for scalping strategies

5. FXTM (FXTM) - Multi-Asset MT4/MT5 Platform

FXTM has become one of the most reputable Forex platforms worldwide after 9 years of operation. Managed by the Mauritius Financial Services Commission (license C113012295), FXTM is under the umbrella of Alpari - a major name in the industry.

The platform offers an environment with ideal trading conditions, low spreads, and competitive leverage. FXTM is notable for high-quality training programs and trading contests with attractive prizes.

Users can choose from seven different account types, including cent accounts for beginners. MT4/MT5 platforms support multi-asset trading with advanced analysis features.

Strengths of FXTM:

• Leverage: 1:1000
• Minimum deposit: $5
• 60 currency pairs, 180+ instruments
• Professional training programs
• Supports MT4/MT5

6. XM - Large Platform with Extensive Advertising

XM is the largest Forex broker licensed by CySEC (Cyprus). This platform offers over 1000 financial instruments including Forex, CFD stocks, commodities, indices, and precious metals.

XM is famous for its fast order execution. The “Welcome Bonus” program is widely advertised across media. However, XM does not support PayPal deposits, which may be a limitation for some investors.

Strengths of XM:

• Leverage: 1:888
• Minimum deposit: $5
• 55 currency pairs
• Over 100+ financial instruments
• High-speed order execution

$30 7. Nord FX - Multi-Nation Forex Platform

Nord FX was established in 2008 and licensed by three Tier III organizations: CySEC, SEBI, VFSC. The platform is trusted by many Vietnamese traders thanks to over 10 years of financial experience.

In addition to traditional Forex pairs, Nord FX also offers 16 crypto pairs and investment funds. Professional service and convenience are standout advantages.

With leverage of 1:1000 and a minimum deposit of $10, Nord FX suits various types of investors.

Strengths of Nord FX:

• Leverage: 1:1000
• Minimum deposit: $10
• 33 currency pairs
• Offers cryptocurrencies and investment funds
• Licenses from three international organizations

8. FXPro - Reliable UK-Based Broker

FXPro from the UK ranks highly in the global forex platform ranking. Managed by CySEC under CIF license 078/07, ensuring safety and investor protection.

FXPro is distinguished by its active marketing and widespread advertising campaigns. With leverage of 1:500, minimum deposit of $500, FXPro offers 70+ currency pairs and over 250+ financial instruments.

Strengths of FXPro:

• Leverage: 1:500
• Minimum deposit: $500 ###for professional segment(
• 70+ currency pairs
• 250+ financial instruments
• Ensured safety

) 9. HotForex - Massive Trading Volume

Founded in 2007, HotForex has operated for over 13 years and is one of the largest Forex brokers globally. Managed tightly by FCA, CySEC, DFSA, FSCA, and SFSA.

HotForex’s MT5 trading platform offers 21 timeframes, nearly 100 real-time charts, and over 80 technical indicators. These features help traders make easier trading decisions.

The platform has invested heavily in client fund security systems, providing peace of mind.

Strengths of HotForex:

• Leverage: 1:1000
• Minimum deposit: $5
• 50 currency pairs
• Over 100+ financial instruments
• Strong fund security system

10. Pepperstone - Australian Broker with Competitive Spreads

Founded in 2010 in Australia, Pepperstone is regulated by ASIC and FCA UK. Known for low spreads, fast deposits and withdrawals, and attentive customer support.

As an ASIC member, Pepperstone is under supervision from the regulatory authority, ensuring credibility and quality.

Strengths of Pepperstone:

• Leverage: 1:400
• Minimum deposit: $200
• 60 currency pairs
• Extremely low spreads
• 24/7 customer support

11. Tickmill - New Platform with Great Potential

Although only established about 5 years ago, Tickmill has proven itself on par with long-standing Forex brokers. Regulated and supervised by FCA ###UK(, ensuring trader orders are sent to the market rather than “holding orders.”

Extremely attractive spreads, especially on popular EUR/USD pairs. Offers 62 currency pairs with leverage of 1:500 and a minimum deposit of $25.

Strengths of Tickmill:

• Leverage: 1:500
• Minimum deposit: $25
• 62 currency pairs
• Very low spreads
• Managed by FCA

) 12. XTB ###X-TRADE( - Nearly 17 Years of Experience

XTB was founded in 2002 in Poland, with nearly 17 years of trading experience. Managed by FRN 522157 of the UK and listed on the Warsaw Stock Exchange since 2016.

Trade orders are executed instantly at the best prices. Investors can receive trading rebates on each closed order, paid monthly. Customer support is available 24/7 with quick response times.

Strengths of XTB:

• Leverage: 1:200
• Minimum deposit: $250
• 48 currency pairs
• Advanced technology platform
• Very fast order execution

) 13. Etoro - Convenient Copy Trading Function

Etoro was founded in Israel in 2006 and is famous for its copy trading feature. Its friendly interface allows even beginners to quickly get acquainted.

The system tracks, calculates, and reports visually, helping users easily manage assets. All information is continuously updated. The flexible leverage system allows profit amplification, with safety measures to limit risks.

Etoro offers 47 currency pairs and over 1500 diverse financial instruments.

Strengths of Etoro:

• Leverage: 1:20
• Minimum deposit: $200
• 47 currency pairs
• 1500+ financial instruments
• Unique copy trading function

Criteria for Choosing a Reputable Forex Broker: Practical Guide

When deciding to participate in forex trading, selecting a reputable Forex broker is a crucial step. Here are the criteria to consider:

1. Verify Licensing

The first step is to verify that the Forex broker is licensed by reputable regulatory bodies. You can visit the websites of agencies like ASIC, CySEC, FCA to check license information.

For example, Mitrade is regulated by ASIC, and you can confirm this via the ASIC official website. Applying this method to any broker before opening an account will help ensure that the platform is legally registered.

2. Ask Important Questions

Before choosing, research:

❓ What is the broker’s history and reputation? Is it trustworthy?

❓ Is the trading platform good? Is the interface intuitive? Is there a mobile app?

❓ How are the deposit and withdrawal processes? Are they quick and convenient? Are fees high?

❓ What are the commission costs? How are the spreads? Are there hidden fees?

❓ How is the customer support quality? Is response quick?

❓ Is the platform a bookmaker? This is important to ensure neutrality and fairness.

Forex Trading: Should You Do It or Not?

Forex trading is considered a potential investment method that can bring significant profits. To compare, if investing in underlying stocks yields only 10-20% annual returns, the forex market can achieve similar returns within weeks or even days.

However, high profits always come with higher risks. If you decide to engage in forex trading, equip yourself with basic market knowledge and learn how to analyze trends accurately.

Currently, the forex market is experiencing strong price volatility, the most intense in the past 6 months. If you choose to invest in forex, this is an opportunity not to be missed to start your trading journey with a reputable forex platform in the current forex platform ranking.