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 5 best brokers that offer accounts with VND as the base currency:

Brokers With VND Accounts Comparison

Brokers With VND Accounts Comparison
Broker Minimum Deposit Instruments Platforms Visit
Exness logo
$10 CFDs, Forex, Stocks, Indices, Commodities, Crypto Exness Trade App, MT4, MT5, TradingCentral Visit
Quotex logo
$10 Digital Options on Stocks, Indices, Forex, Commodities, Cryptos Web Platform, Mobile App Visit
SuperForex logo
$1 CFDs, Forex, Stocks, Cryptos, Commodities MT4 Visit
JustMarkets logo
$1 Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures MT4, MT5 Visit
FP Markets logo
$100 CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto MT4, MT5, cTrader, TradingView, AutoChartist, TradingCentral Visit

#1 - Exness

Why We Chose Exness

Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 260,000 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.

"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."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto
  • Regulator: FSA, CySEC, FCA, FSCA, FSC, CBCS
  • Platforms: Exness Trade App, MT4, MT5, TradingCentral
  • Min. Deposit: $10
  • Min. Trade: 0.01 Lots
  • Leverage: 1:2000

Pros

  • Highly competitive spreads are available from 0.1 pips and low commissions from $3.50 per side
  • Unlike many other brands, Exness doesn't charge any account maintenance or inactivity fees
  • Exness is the first brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes

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

#2 - Quotex

Why We Chose 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.

"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."

- DayTrading Review Team
  • Instruments: Digital Options on Stocks, Indices, Forex, Commodities, Cryptos
  • Platforms: Web Platform, Mobile App
  • Min. Deposit: $10
  • Min. Trade: $1

Pros

  • Quotex maintains its position as an excellent choice for short-term binary trading with turbo contracts from 5 seconds
  • The platform continues to delivers a superb trading environment with strong charting tools for technical traders
  • Daily signals are useful for finding opportunities, especially for newer traders

Cons

  • Quotex trails industry leaders when it comes to education and market research
  • Quotex is unregulated, which means traders may receive limited safeguards
  • There is no copy trading, which could support new traders looking to learn from experienced investors

#3 - SuperForex

Why We Chose SuperForex

Established in 2013, SuperForex is an offshore CFD and forex broker offering highly leveraged trades on 400+ instruments via the popular MetaTrader 4 platform. The broker has gained clients in over 150 countries and is regulated by the Belize IFSC. With a range of STP/ECN account types, including swap-free, micro and zero spread, this broker continues to suit traders with different styles and setups. SuperForex also offers a range of welcome bonuses and trading contests.

"SuperForex will suit experienced traders looking for high leverage rates and premium membership packages. The broker also continues to stand out for its wide selection of beginner-friendly accounts, although the lack of top-tier regulation is a notable drawback."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Cryptos, Commodities
  • Regulator: IFSC
  • Platforms: MT4
  • Min. Deposit: $1
  • Min. Trade: 0.01 Lots
  • Leverage: 1:2000

Pros

  • Traders can receive 5% annual interest on their account equity - a great way to earn passive income
  • You can get free access to the Pattern Graphix expert advisor software for MT4, a price pattern analysis tool which can help you save time
  • There’s a decent range of educational resources including video tutorials, guides and seminars

Cons

  • The 0.5-pip minimum spreads in the standard ECN accounts are not as tight as some of the cheapest ECN brokers, such as Pepperstone
  • The Belize IFSC is not considered a top-tier regulatory provider, so clients may receive fewer financial safeguards

#4 - JustMarkets

Why We Chose 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.

"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."

- DayTrading Review Team
  • Instruments: Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures
  • Regulator: CySEC, FSA, VFSC
  • Platforms: MT4, MT5
  • Min. Deposit: $1
  • Min. Trade: 0.01 Lots
  • Leverage: 1:3000

Pros

  • Trustworthy and regulated by CySEC
  • MetaTrader 4 integration
  • Fast order executions from 0.01 seconds

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

#5 - FP Markets

Why We Chose FP Markets

FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist.

"We recommend FP Markets for forex and stock traders with 70+ currency pairs and an impressive 10,000+ stocks available as CFDs."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
  • Regulator: ASIC, CySEC, ESMA
  • Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, TradingCentral
  • Min. Deposit: $100
  • Min. Trade: 0.01 Lots
  • Leverage: 1:30 (UK), 1:500 (Global)

Pros

  • Tight spreads available on both the standard and raw spread account
  • Regulated and reputable broker with ASIC and CySEC oversight
  • Bespoke copy trading platform

Cons

  • $55 subscription fee on IRESS accounts
  • Does not accept US customers
  • Withdrawal fees for some payment types

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.

Which brokers have VND trading accounts?

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:

How To Check A Broker Offers VND Accounts

To determine if a broker offers Vietnamese Dong (VND) trading accounts:

Comparing Brokers With VND Accounts

Prospective traders should consider several key areas when comparing VND trading accounts:

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.