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:

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
JustMarkets logo
$1 Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures MT4, MT5 Visit

#1 - Exness

Why We Chose 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.

"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
  • Minimum Deposit: $10
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:2000

#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
  • Minimum Deposit: $10
  • Minimum Trade: $1

#3 - 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
  • Minimum Deposit: $1
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:3000

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.