Brokers With VND Accounts
VND trading accounts operate in the Vietnamese Dong. This means all deposits, trades and fees are processed and displayed in VND, making it easier for traders from Vietnam to manage their investing accounts.
Below is a list of the top-rated brokers with VND accounts in 2024. This guide also explains how to choose between VND brokers and check whether a trading platform accepts the Vietnamese Dong.
Brokers With VND Accounts
These are the 3 best brokers that offer accounts with VND as the base currency:
-
1
Exness
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$100.01 Lots1:2000FSA, CySEC, FCA, FSCA, FSC, CBCS, CNMVCFDs, Forex, Stocks, Indices, Commodities, CryptoExness Trade App, MT4, MT5, TradingCentralWire Transfer, Credit Card, Visa, Mastercard, Bitcoin Payments, BoletoUSD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR -
2
Quotex30% Deposit Bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$10$1Digital Options on Stocks, Indices, Forex, Commodities, CryptosWeb Platform, Mobile AppCredit Card, Visa, Mastercard, Perfect Money, Bitcoin Payments, Wire Transfer, Ethereum Payments, Maestro, Debit CardUSD, EUR, GBP, INR, JPY, MYR, IDR, RUB, BRL, NGN, THB, VND, UAH -
3
JustMarkets$30 No Deposit Bonus
$10.01 Lots1:3000CySEC, FSA, VFSCForex, CFDs, indices, shares, commodities, cryptocurrencies, futuresMT4, MT5Visa, Mastercard, Credit Card, Perfect Money, Sticpay, FasaPay, Wire Transfer, Debit Card, Bitcoin Payments, Airtm, Ethereum PaymentsUSD, EUR, GBP, ZAR, MYR, IDR, THB, VND, KWD
Here is a short summary of why we think each broker belongs in this top list:
- Exness - Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 800,000 clients, several awards and reputable licensing, the broker has maintained its position as a highly respected global brand. Active day traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.
- Quotex - Quotex has been a top binary options broker since 2019, offering over 400 binaries across currencies, commodities, stocks, and crypto. With contracts spanning 5 seconds to 4 hours, short-term traders enjoy flexibility while payouts that exceed 95%, offer high potential returns. Continuously adapting to trader demands, Quotex provides a user-friendly platform for trading binaries.
- JustMarkets - JustMarkets is a multi-asset broker with both CySEC-regulated and offshore branches. Offering ultra-low spreads, copy-trading services, 170+ tradeable instruments and MetaTrader support, JustMarkets has a lot to offer both beginner and experienced traders.
Brokers With VND Accounts Comparison
| Broker | Minimum Deposit | Instruments | Platforms |
|---|---|---|---|
|
|
$10 | CFDs, Forex, Stocks, Indices, Commodities, Crypto | Exness Trade App, MT4, MT5, TradingCentral |
|
|
$10 | Digital Options on Stocks, Indices, Forex, Commodities, Cryptos | Web Platform, Mobile App |
|
|
$1 | Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures | MT4, MT5 |
Exness
"Exness remains an accessible broker for all experience levels, though experienced day traders will particularly appreciate the ultra-low commission rates, fast withdrawals and high-quality charting software."
Tobias Robinson, Reviewer
Exness Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
| Regulator | FSA, CySEC, FCA, FSCA, FSC, CBCS, CNMV |
| Platforms | Exness Trade App, MT4, MT5, TradingCentral |
| Minimum Deposit | $10 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:2000 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR |
Pros
- Top-tier licensing with the FCA and CySEC and a strong reputation with over 10 years in business
- There's excellent 24/7 multilingual customer support via telephone, email and live chat
- Experienced strategy providers can open social trading accounts, with monthly commissions up to 50%
Cons
- There are several regional restrictions for retail traders including the USA, Europe and the UK
- Unlike most competitors, Exness doesn't provide its own education section
- There are no promotional deals or loyalty schemes for high-volume day traders
Quotex
"Quotex is best for making short-term trades on popular markets. The payouts up to 98% are above average and enhancements to the platform have ensured it's easy to use for beginners. That said, the lack of regulatory oversight, limited education and weak support are key drawbacks."
Quotex Quick Facts
| Bonus Offer | 30% Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | Digital Options on Stocks, Indices, Forex, Commodities, Cryptos |
| Platforms | Web Platform, Mobile App |
| Minimum Deposit | $10 |
| Minimum Trade | $1 |
| Account Currencies | USD, EUR, GBP, INR, JPY, MYR, IDR, RUB, BRL, NGN, THB, VND, UAH |
Pros
- Quotex maintains its position as an excellent choice for short-term binary trading with turbo contracts from 5 seconds
- The $10 starting deposit and $1 minimum stake make Quotex.io accessible to beginners
- The platform continues to delivers a superb trading environment with strong charting tools for technical traders
Cons
- Despite advertised payouts of up to 98%, testing shows average payouts trail best-in-class broker Pocket Option
- There is no copy trading, which could support new traders looking to learn from experienced investors
- Quotex is unregulated, which means traders may receive limited safeguards
JustMarkets
"With some of the most affordable pricing in the game and access to the powerful MT4 and MT5 platforms, JustMarkets is a good choice for any investor."
JustMarkets Quick Facts
| Bonus Offer | $30 No Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures |
| Regulator | CySEC, FSA, VFSC |
| Platforms | MT4, MT5 |
| Minimum Deposit | $1 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:3000 |
| Account Currencies | USD, EUR, GBP, ZAR, MYR, IDR, THB, VND, KWD |
Pros
- Tight spreads from 0 pips
- Fast order executions from 0.01 seconds
- Low minimum deposit
Cons
- Non-forex asset list is light with just 65 stocks plus a handful of indices and commodities
- Limited availability with clients not accepted from the US, UK, Japan, Germany and other countries
How VND Accounts Work
An account’s base currency is the currency with which you can make deposits, withdrawals, and trades. All trading accounts have one or multiple base currencies, the most popular being USD, EUR, or GBP. A VND trading account is a profile where the Vietnamese Dong is the base currency.
VND trading accounts allow Vietnamese investors to avoid otherwise costly conversion fees, making online trading more accessible. Brokers with VND accounts also tend to accept local bank transfers through NAPAS (National Payment Corporation of Vietnam). The result is fast and low-cost account funding.
Traders can usually select their account base currency at the registration stage. Clients will be asked to input their country of residency, for example Vietnam, and select the account currency, for instance VND.
VND Currency Explained
The Vietnamese Dong was introduced in Northern Vietnam to replace the French Indochinese Piastre in 1946 and became used throughout the whole of Vietnam by 1978 following the unification of the country.
The currency was revaluated in 1985, where 1 new VND was equivalent to 10 old VND which caused inflation lasting almost a decade. More recently, the Vietnamese Dong has been known as one of the least valued currencies, holding the title until March 2007 when the Zimbabwean financial crisis led to the Zimbabwean Dollar being the least valued.
The Vietnamese Dong is not directly pegged to any other currency, but it is influenced by a variety of economic factors, including supply and demand in the foreign exchange market and the monetary policy of the State Bank of Vietnam.
The Vietnamese Dong is not a particularly widely traded currency. It is an exotic currency and is not as liquid as other currencies. As a result, not all forex brokers offer trading in the VND.
Benefits Of Brokers With VND Accounts
Trading with VND accounts offers several advantages:
- Convenience: VND accounts allow Vietnamese traders to make deposits and withdrawals and manage their trading accounts in their local currency without paying conversion fees.
- Speed: Deposits and withdrawals being made through a local bank transfer usually take less time than international bank wires. Account holders can also often use other popular local and regional deposit methods, such as Netbanx Asia.
- Regulation: Brokers with VND accounts are more likely to be regulated by a local financial regulator such as the State Bank of Vietnam (SBV) or the Ministry of Finance (MOF). Alternatively, they may hold a license with well-known financial authorities in the region, such as the MAS (Monetary Authority of Singapore).
How To Check A Broker Offers VND Accounts
To determine if a broker offers Vietnamese Dong (VND) trading accounts:
- Head to our list of the top brokers with VND accounts.
- Check the deposit and withdrawal section of a broker’s website. Often, accepted currencies are listed by payment method in this area. Also look for information about local payment solutions, such as transfers from Vietcombank and VietinBank. If the broker accepts local deposit options, it may be a sign that they also offer VND trading accounts.
- Check the new account registration section. Brokers often list their base account currencies in a drop-down list.
- If you are unable to find the information on the broker’s website, try contacting their customer service team. Live chat is often the quickest way to get a response.
Comparing Brokers With VND Accounts
Prospective traders should consider several key areas when comparing VND trading accounts:
- Low fees and commissions: The best brokers offer competitive spreads and commissions. This includes sub 1-pip spreads on major forex pairs. Note, exotic currencies like the VND often have wider spreads. Also check for overnight holding fees if trading CFDs.
- Platforms and tools: The best VND brokers offer intuitive platforms with technical and fundamental analysis tools, trading signals, and customizable charts. Also check for additional services like copy trading, which is a good way for beginners to learn about online trading from profitable traders.
- Account types: Leading brokers with VND accounts will offer different profiles to suit different trading styles and requirements. This might include cent or mini accounts for beginners and VIP profiles for active traders, who benefit from reduced fees in return for regular, large deposits.
- Deposit and withdrawal options: Look for local wire transfer options and e-wallet support with low to zero fees. Also check for any minimum and maximum transfer limits when making a payment in Vietnamese Dong. The best brokers also now accept Bitcoin payments.
- Regulation and security: Signing up with a regulated broker is always advisable. Licensed brokerages usually provide various safety measures, including negative balance protection and segregated client funds. Most brokers aren’t regulated by the State Bank of Vietnam (SBV), however some VND trading firms do hold a license with the Monetary Authority of Singapore (MAS).
Final Word On VND Trading Accounts
Brokers with VND accounts allow traders to trade and hold funds in Vietnamese Dong. This can reduce barriers to entry for budding traders from Vietnam, removing currency conversion fees and protecting profit margins. VND trading accounts are also more likely to come with localized customer support.
To get started, head to our list of the best brokers with VND accounts in 2024.
FAQs
How Do VND Trading Accounts Work?
A VND account is a trading profile that offers Vietnamese Dong as the base currency. This means traders can manage their accounts in VND, including making deposits and withdrawals.
SuperForex and Quotex are among the top brokers with VND trading accounts.
What Are The Benefits Of Brokers With VND Trading Accounts?
VND trading accounts offer several benefits, including lower fees due to no currency conversions, more convenient payment solutions for Vietnamese traders, plus local or regional regulatory oversight.
How Do I Fund My VND Trading Account?
To fund your VND trading account, head to the broker’s cashier portal. Choose from the list of supported deposit options and follow the on-screen instructions. You will need to enter the deposit amount and may need to verify the payment through a one-time passcode or alternative security measure.
Can I Withdraw My Trading Profits In VND?
Brokers with VND accounts allow traders to withdraw profits in Vietnamese Dong. Simply select Vietnamese Dong as the base currency when you register for an account and request a withdrawal using one of the broker’s supported payment methods.
Are VND Trading Accounts Suitable For Everyone?
VND trading accounts are best suited to Vietnamese clients or active forex traders. Other investors may find it easier to manage their trading activity in another currency, such as the USD or EUR.