Best Vietcombank Transfer Brokers 2023
A Vietcombank transfer is an emerging payment solution among Asian merchants and brokers. The payment system is run by a multi-sector commercial bank that facilitates straightforward deposits and withdrawals. This review delves into using a Vietcombank transfer for funding and emptying trading accounts, from fee structures to other key details. We also list the top brokers that accept Vietcombank transfer deposits.
Vietcombank Transfer Brokers
These are the 3 best brokers that accept Vietcombank Transfer deposits and withdrawals:
#1 - RoboForex
RoboForex is a global broker launched in 2009. The firm offers more than 12,000 instruments spanning 9 asset classes with trades from 0.01 lots and spreads from 0 pips. The broker's advanced copy trading tool is also home to thousands of active traders.
"RoboForex is a good pick for traders looking for a wide range of markets with welcome bonuses and loyalty promotions."
- DayTrading Review Team
- Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto, Crypto Indices, ETFs
- Regulator: FSC
- Platforms: MT4, MT5
- Min. Deposit: $10
- Min. Trade: 0.01 Lots
- Leverage: 1:2000
Payment Methods
RoboForex accepts these 24 payment methods for deposits and withdrawals:
- ADVcash
- Alipay
- AstroPay
- Bitcoin Payments
- Cashu
- FasaPay
- Giropay
- MoneyGram
- Neteller
- POLi
- Perfect Money
- QIWI
- Rapid Transfer
- SafeCharge
- Skrill
- Sofort
- Trustly
- Vietcombank Transfer
- Visa
- WeChat Pay
- Wire Transfer
- Yandex Money
- ecoPayz
- iDeal
CFD Trading
Trade a huge selection of CFDs with more than 12,000 assets and very high leverage up to 1:2000. Micro lot trading is also available with access to interbank liquidity providers for low fees.
Forex Trading
Trade over 30 currency pairs with tight spreads from 0 pips. Forex traders have a choice of leading platforms including MT4, MT5 and an in-house web trader. The CopyFX system also lets you mirror experienced currency traders with a $100 minimum investment.
Stocks Trading
Buy real stock equities or trade via CFDs - with DMA to the NASDAQ. Thousands of shares are available and you can use the free robot builder to automate strategies.
Crypto Trading
Trade over 30 leading cryptos against the USD and EUR. Digital currencies are available on the user-friendly R StockTrader platform. New users can start trading cryptos in three easy steps.
Pros
- Two free withdrawals each month
- Automated trading permitted with user-friendly robot builders
- VPS server for 24/7 uninterrupted trading
Cons
- Demo account expires after 90 days
- Average range of currencies
- Instruments and fees vary between platforms
#2 - Alpari
Alpari is an offshore multi-asset broker that offers traders a wide range of forex trading opportunities as well as stock, index and commodity CFDs. The broker's fix contracts also offer fixed costs with payouts known upfront. Trading takes place on the MetaTrader 4 and MetaTrader 5 platforms, plus the brand's mobile app. Alpari offers tight spreads on ECN accounts and commission-free spreads from 1.2 pips on standard accounts.
"Alpari will suit short-term binary options traders with a low $5 deposit and welcome bonus. Forex traders also get very high leverage with tight spreads while the broker's PAMM service will appeal to hands-off investors."
- DayTrading Review Team
- Instruments: CFD, Forex, Stocks, Crypto, Commodities
- Regulator: FSC, SEBI, JFSA
- Platforms: MT4
- Min. Deposit: $5
- Min. Trade: 0.01 Lots
- Leverage: 1:400
Payment Methods
Alpari accepts these 21 payment methods for deposits and withdrawals:
- ADVcash
- Bitcoin Payments
- Credit Card
- Diners Club
- EasyPay
- Ethereum Payments
- FasaPay
- Flutterwave
- GlobePay
- Maestro
- Mastercard
- Neteller
- PayRedeem
- Perfect Money
- RBK Money
- Skrill
- UnionPay
- Vietcombank Transfer
- WebMoney
- Wire Transfer
- Yandex Money
CFD Trading
Alpari offers CFDs on 60+ forex pairs, hundreds of global stocks, 11 stocks indices and spot metals and energies. Trading takes place via the MT4 or MT5 platforms, and the broker provides strategy and copy trading support as well as educational resources and 24/5 multilingual customer service.
Forex Trading
Alpari traders can access 60+ currency pairs and crosses via CFDs on the MT4 and MT5 platforms. The broker offers very competitive pricing, especially on the ECN Pro account which is commission free. Significant leverage up to 1:1000 is available.
Stocks Trading
Alpari traders can speculate on the price movements of hundreds of global shares and 21 indices through highly leveraged CFDs. Leading blue-chip stocks are available including Microsoft, Alibaba and Apple, while major indices include the SPX500 and UK100.
Crypto Trading
Alpari offers a solid selection of popular crypto tokens paired with the USD. Spreads are competitive, starting at 1 and users can analyze the digital asset markets with the leading MetaTrader platforms, including on the weekends.
Pros
- Excellent choice of funding options with no fees
- High leverage up to 1:1000
- Low or no commission and tight spreads on ECN accounts
Cons
- Not available in the US
- Limited selection of non-forex assets
- Weak market research and analysis tools
#3 - IQ Option
IQ Option is a trusted broker with multi-asset trading on its user-friendly proprietary platform. The broker provides trading on forex, stocks, cryptos, indices, commodities and ETFs with competitive fees and a good suite of extra features and educational content. You can also open an account with just $10.
"IQ Option is a good broker for beginners with a slick platform and low minimum investment. New users can also open an account in three easy steps."
- DayTrading Review Team
- Instruments: CFD, Forex, Crypto, Stocks, Digital Options
- Platforms: Own
- Min. Deposit: $10
- Min. Trade: 0.001 Lots
- Leverage: 1:500
Payment Methods
IQ Option accepts these 14 payment methods for deposits and withdrawals:
- ADVcash
- Alipay
- Boleto
- Credit Card
- GlobePay
- Maestro
- MoneyGram
- Perfect Money
- QIWI
- Skrill
- Sofort
- Vietcombank Transfer
- Wire Transfer
- Yandex Money
CFD Trading
IQ Option deals primarily in CFDs, which are available on stocks, forex, cryptocurrencies and several other markets. The leverage available is in line with EU restrictions, to a maximum of 1:30 on major forex pairs but with less available on more volatile assets. Trades are commission-free with floating spreads and clients can use the award-winning platform.
Forex Trading
IQ Option offers CFD trading on 24 forex assets, including major pairs and some minors. EU traders can access a maximum of 1:30 leverage in line with local regulations. The broker offers commission-free trades but spreads are on the high side so the brand does not excel in this area.
Stocks Trading
185+ stocks are available to IQ Option traders via CFDs, meaning that the underlying equities will not be physically owned. Instead, traders can speculate on price movements with up to 1:5 leverage. IQ Option also offers useful stock collections, from the largest US companies to AI stocks and Warren Buffet's favorites.
Crypto Trading
IQ Option is a leading crypto broker. They offer multipliers and a huge range of digital currency markets, including Bitcoin, Ethereum, and Cardano. Leverage of up to 1:2 is available with a variable spread and no commission. Newer traders will also rate the intuitive trading software.
Pros
- iOS & Android compatible app
- Access to IQ Option community
- User-friendly platform for beginners
Cons
- €10 inactivity fee after 90 days
- No MetaTrader 4 integration
What Is Vietcombank Transfer?
Vietcombank, whose full commercial name is Joint Stock Commercial Bank for Foreign Trade of Vietnam, was established in 1963. Today, it is an established bank providing its customers with a wide range of financial amenities, including card services, e-banking, remittance payment support and credit. The company is one of the biggest commercial banks in Vietnam, with more than 600 branches and office locations. The bank was listed on the Ho Chi Minh City Stock Exchange in 2009 after a successful IPO raising more than $650 million.
Primarily aimed at Vietnamese customers, a Vietcombank transfer can be made for both domestic and overseas transactions with relatively low fees, making it a suitable account funding method for traders.
Fees
A Vietcombank transfer incurs no fees to or from other Vietcombank accounts. Fees and commissions only apply for bank transfers to alternative banks, card payments and cheques. These are notably more expensive than for other online transfer companies such as WeChat Pay, Venmo and TransferWise.
Note, brokers accepting a Vietcombank transfer for deposits and withdrawals may have their own processing rates or even cover the bank’s charges for payments. It is also worth checking for separate withdrawal fees. An overview of fees is provided below.
Domestic Vietcombank Transfer Fees
Domestic Outward remittance
- From a beneficiary account at Vietcombank – no fee
- Foreign currency trading account deposit – 0.03% charge (minimum $1, maximum $70)
- VND trading account deposit under 500 million VND – 0.025% charge (minimum 9000 VND, maximum 125,000 VND)
- VND trading account deposit over 500 million VND – 0.027% charge (minimum 135,000 VND, maximum 975,000 VND)
Domestic Inward remittance
- To a beneficiary account at Vietcombank – no fee
- From other banks – 0.03% fee (minimum 10,000 VND, maximum 1,000,000 VND)
International Vietcombank Transfer Fees
International Outward Remittance
- Cheque – $1 supply fee per sheet, 0.1% service fee
- MoneyGram – fees vary by transaction time, speed corridor pricing, promotions and currency
- Swift – 0.2% charge (minimum $5, maximum $200) plus a fee from an overseas bank ($10 for USD, $40 for JPY and EUR and $20 for other currencies)
International Inward Remittance
- Swift – 0.05% charge (minimum $2, maximum $70)
- Cheque – $2 sending for collection fee per sheet, 0.05% service fee
- MoneyGram – fees vary by transaction time, speed corridor pricing, promotions, and currency
Other Fees
- Investigation of cheque payment – 20,000 VND
- Investigation of inward remittance – no charge
- Investigation/amendments/cancellation of outward remittance – 30,000 VND per transaction
Speed
Customers can execute a Vietcombank transfer 24 hours a day, 7 days a week. These will be processed instantly, though funds may not reach their destination until the next day, depending on request time and beneficiaries being inside or outside the Vietcombank system.
Brokers that accept a Vietcombank transfer through wire transfers or credit/debit cards may have their own processing timelines. This can cause delays in funds reaching or leaving trading accounts. IQ Option processes Vietcombank withdrawals within the same day if the request is received within working hours.
It is good to see that clients can clarify their money transfer status by contacting the customer service phone number or by visiting a counter.
Security
As a large commercial bank, Vietcombank makes safety a priority, implementing high-level online security features for safe and correct transactions to and from trading accounts. Account login is secured via password inscription and both anti-fraud and know your customer (KYC) checks are implemented at account setup and for every transfer. This includes full name and proof of residency.
A one-time password (OTP) is also required for every Vietcombank transfer to mitigate the possibility of theft. This is sent via SMS or through a mobile application. Five incorrect password attempts will lock your account and require additional KYC verification.
Data is encrypted to industry-standard levels via SSL certification. Transport Layer Security (TLS) can be enabled when implementing transactions.
How To Make Vietcombank Transfer Deposits & Withdrawals
To make a Vietcombank transfer payment, locate the bank’s logo within your online trading account portal, follow the on-screen instructions and enter the deposit amount. Minimum and maximum payment limits, daily transfer amounts and processing times may differ from broker to broker. Available receiving currencies to a Vietcombank account include EUR, USD, JPY and VND, reducing the chance of high exchange rate charges.
Pros Of Using Vietcombank Transfer For Traders
- Additional features – The Vietcombank transfer system comes with tools like an exchange rate calculator and interest rate details, helping you understand the impact on your trading profits.
- Convenient – Register for all banking services online in under 1 minute with virtual Know Your Customer (KYC) compliance. You can also select an account number similar to your phone number.
- Vietcombank internet and mobile banking – Traders can make a Vietcombank transfer through the internet or a fully serviced mobile app, with transaction status and live exchange rate information provided so you can fund your trading account on the move.
- Customer service – Vietcombank can be contacted 24/7 via a telephone number, great for issues with online broker deposits or transfer limits. There is also a comprehensive FAQ section on the payment provider’s website.
- Credit & debit card available – Apply for a Vietcombank credit or debit card as an additional payment method for either domestic or international transfers. Co-branded supported cards include American Express, VISA and MasterCard.
Cons Of Using Vietcombank Transfer For Traders
- Transaction limit – Restriction rules apply, including a 100,000,000 VND monthly transaction limit per customer. This may constrain large-volume traders.
- Country exclusions – The payment solution is primarily available to Vietnamese individuals and traders. This rules out global traders being able to use the method. With that said, international brokerages can still accept a Vietcombank transfer.
- Fees – Although a relatively low-cost payment method, traders may be charged for both deposits and withdrawals. Charges will vary from broker to broker but these can cut into profits. See details on the international and domestic wire Vietcombank transfer fee structure above for more information.
Final Word On Vietcombank Transfers
Vietcombank offers a fast and secure payment solution that operates across global merchants. The mobile app, 24-hour customer service and credit & debit cards make this a viable option for your trading account requirements. On the downside, services are limited to Vietnamese residents and traders only. Be sure to fully understand the fees associated with making a Vietcombank transfer before you initiate a payment.
FAQ
Does Vietcombank Have A Customer Contact Number?
Yes, Vietcombank has a 24-hour customer helpline number. Call 1900 54 54 13 for issues, transfer status or help to find branch opening hours.
Are Vietcombank Payments Safe?
All Vietcombank transfer payments require one-time password encryption with industry-standard SSL certification. Always double-check payment transfer details before submitting.
What Is The Vietcombank Swift Code?
A swift code is a standard format for Business Identifier Codes (BIC) used to identify financial institutions globally. Vietcombank’s swift code is BFTVVNVX.
What Is The Vietcombank Transfer Rate To Deposit A Trading Account?
Vietcombank transfer rates vary by broker. Some established platforms may cover applicable charges associated with the payment method. Check the terms and conditions before depositing into a live trading account.
Where Can I Find The Nearest Vietcombank ATM Near Me To Withdraw Funds?
Visit the bank’s website to find your nearest ATM by town/city or district. Alternatively, contact their customer services team.