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- The required minimum deposit is low compared to other forex brokers.
- Investors have up to 8 different trading account options.
- Provides strong support opportunities for new investors and FO (First-time Offering) investors.
- Offers various attractive bonus and reward programs.
- User-friendly interface and easy to navigate.
- A wide range of technical analysis tools available for investors.
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- Diverse financial instruments for trading operations.
- Offers popular platforms such as MT4 and MT5, along with its own WebTrader.
- Demo account available for practice before trading with real money.
- Provides educational materials such as market analysis, economic calendar, and training courses.
- 24/7 customer service via live chat, email, and phone.
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- Low forex fees
- Easy and quick account opening
- Free deposits and withdrawals
- Offers both standard and average spread accounts
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- Minimum deposit only $1
- Infinite leverage
- Extremely fast withdrawals, even on Saturdays and Sundays
- No overnight fees when trading cryptocurrencies and gold (very rare among brokers)
- Enthusiastic customer support
- Simple and easy registration process
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- Regulated by reputable financial authorities
- Competitive spreads
- Multiple trading platforms
- Rich and free educational resources
What is Forex?
Forex (abbreviation of Foreign Exchange), also known as the foreign exchange market, is the place where currency trading and exchanging activities between countries take place. It is the largest financial market in the world, with a daily trading volume reaching trillions of USD.
So, what is a Forex broker? Nowadays, reputable Forex brokers provide services on online platforms compatible with computers and phones to ensure maximum convenience for investors. Additionally, they support fast order matching and ensure good market liquidity.
Choosing a reputable Forex broker plays an important role in helping investors minimize risks, save costs, and achieve the highest investment efficiency. Below is a list of 10 trusted Forex brokers that many Vietnamese traders trust and highly rate for their credibility, licensing, and trading platforms:
- Exness – Most popular in Vietnam, fast withdrawals, good support
- XM – Licensed by ASIC, FCA, suitable for beginners
- IC Markets – Standard ECN broker, low cost, fast order execution
- XTB – Listed on stock exchange, powerful xStation platform
- FBS – Low minimum deposit, Cent account for beginners
- Pepperstone – Low spreads, regulated by ASIC and FCA
- Tickmill – ECN broker, competitive fees, Vietnamese support
- FXTM (ForexTime) – Copy Trade accounts, user-friendly platform
- HotForex (HFM) – Global reputation, high leverage, rich learning resources
- FxPro – Long-established broker, licensed by FCA & CySEC, suitable for intermediate and professional traders
Criteria for Choosing a Reputable Forex Broker
The review by Topforexviet is researched and conducted by financial expert Phạm Hồng Hải, who has over 10 years of experience in Forex trading and financial investment. Mr. Hải and the Topforexviet expert team commit to providing objective evaluations based on important criteria to ensure accuracy and transparency such as:
- Licensing: A reputable Forex broker must be licensed by leading financial authorities such as FCA, CySEC, ASIC, IFSC, or FSC. These licenses ensure transparency and legality of the broker, protecting investors’ rights.
- Operating history: Brokers with a long track record are generally more reliable as they have endured many market challenges and fluctuations. New brokers often carry more risk.
- Trading platform: Brokers need to provide stable and user-friendly platforms like MT4, MT5, or cTrader, along with free analytical tools to support effective trading strategies.
- Trading costs: Investors should choose brokers with low spreads, competitive commissions, and swap fees to optimize long-term profits.
- Deposit/withdrawal capabilities: Brokers must support multiple payment methods such as Internet Banking, Visa/Mastercard, Skrill, Neteller. The deposit/withdrawal process must be fast, secure, and reasonably priced.
- Customer service: Support teams should operate 24/5 or 24/7, preferably with local language support to quickly and accurately resolve inquiries.
- Risk insurance and order execution speed: Brokers should have insurance funds to minimize losses in emergencies. Fast and accurate order execution without “re-quotes” optimizes the trading experience for investors.
You can clearly see how the Topforexviet team evaluates reputable Forex brokers through the published evaluation process.
Top 10 Most Trusted Forex Brokers Investors Cannot Miss
A smart Forex investor will choose brokers based on various criteria. Below is Topforexviet’s review to help investors have a detailed overview of the leading Forex brokers today.
Exness
Exness is a prominent name when mentioning the most reputable and popular Forex brokers today. With nearly 20 years of experience in the international financial market, Exness has firmly established its position and achieved many impressive accomplishments in Forex trading.
Exness’s headquarters is located in Cyprus and is strictly regulated by the Cyprus Securities and Exchange Commission (CySEC) – one of the world’s leading financial regulators.
Besides that, this Forex broker has won many impressive awards such as:
- Best Trade Execution Award: This award confirms Exness’s ability to execute orders quickly and accurately, optimizing profits and minimizing risks for traders.
- Best Order Management Award: Exness ensures customer trades are processed smoothly and precisely.
- Best Mini Broker Award: Demonstrates excellence in providing small-scale investment services for customers.
- Best Trade Execution Award affirms Exness’s important position in the Forex market
Exness continues to assert its leading position with over 2 million registrations globally. Notably, in January 2023 alone, this broker achieved an impressive total trading volume of 2,822 trillion USD and attracted more than 414,502 active users – a clear testament to its superior appeal and reputation in the international financial market.
Currently, Exness offers a variety of account types suitable for different trading needs:
- Standard and Standard Cent: Suitable for beginners, helping traders trade with low costs.
- Raw Spread, Pro, and Zero: These are three professional account types with distinct advantages, providing effective trading experiences for experienced investors.
A highlight of Exness is its simple and fast account registration process, flexible deposit/withdrawal methods, supporting diverse payment gateways with extremely low transaction fees.
Investors prioritize choosing Exness for trading
FXCM
FXCM is a long-established Forex broker, founded in 1999 with headquarters in London. FXCM operates under the regulation of reputable financial organizations such as FCA (UK) and ASIC (Australia), providing safety and trust for investors.
FXCM offers a variety of account types suitable for all users, including Standard and ECN, along with powerful trading platforms like MT4, MT5, and its proprietary Trading Station. FXCM’s order execution speed is fast and stable, meeting trading needs from basic to advanced levels.
FXCM’s strengths also include low spread trading fees, commission-free options on some accounts, and support for EA (Expert Advisors) tools allowing traders to automate strategies.
Below are some awards FXCM has received:
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- International Business Award: Most trusted trading platform in the Middle East 2023.
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- ADVFN International Finance Awards 2022: Best commission-free broker.
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- TradingView Broker Award Social Champion 2021.
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- PERSONAL WEALTH 2021 BEST FX PLATFORM.
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- TradingView Broker Award Social Champion 2020.
FXCM is a reputable broker for impressive investment profits
XM
With over 10 years of experience in the Forex market, XM has asserted its position and won the trust of many traders. The broker is licensed by top financial organizations such as CySEC, IFSC, ASIC, FCA.
XM offers various account types suitable for investors such as Micro, Standard, XM Ultra Low, and Share. The broker supports MT4/MT5 trading software with fast order execution speed, extremely low Spread and Swap fees, maximizing benefits for traders.
Additionally, XM allows quick deposits and withdrawals via Internet Banking, Visa, and Mastercard. Although it does not have an office in Vietnam, XM still supports traders with a Vietnamese-speaking call center.
XM is a reputable broker with a collection of over 80 prestigious awards from leading organizations. Some notable recent titles include:
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- Global Forex Broker of the Year 2024 – CFI.co
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- Global Customer Service Excellence 2024 – CFI.co
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- Best FX Service Provider 2024 – City of London Wealth Management Awards
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- Best Forex Customer Service 2023 – World Finance Forex
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- Best Forex Broker Europe 2023 – World Finance Forex
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- Best Forex Broker Oceania 2023 – World Finance Forex
These awards not only affirm the quality of services but also prove XM’s outstanding position in the international market.
The reputable forex broker XM trusted by many investors
FxPro
FxPro is a globally renowned Forex broker with over 15 years of operation, licensed by reputable financial authorities such as FCA, CySEC, and FSCA. This ensures safety and transparency for all investor transactions.
FxPro offers a variety of account types such as Standard and ECN along with advanced trading platforms MT4, MT5, and cTrader. With fast execution speeds, FxPro also supports no re-quotes, suitable for both new and professional traders.
FxPro’s highlights include low spreads, zero commission on certain accounts, and high liquidity. Additionally, FxPro provides many market analysis tools and useful educational resources to help traders optimize their investment strategies.
FxPro has established a leading position in the financial industry with over 115 prestigious awards. Recently, the broker has been honored with impressive accolades such as:
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- Best Regulated Forex Broker 2024
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- Best Stock CFD Broker in Europe 2024 – FxEmpire
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- Best Forex Provider 2024 – Online Money Awards
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- Best CFD Provider 2024 – City of London Wealth Management Awards
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- Best Online Broker (MENA) 2024 – BrokersView
This list not only reflects FxPro’s excellent service quality but also demonstrates trust and recognition from the global financial community.
eToro
eToro has been operating since 2007, connecting over 335 million traders across 140 countries, and is well-known for financial services such as stocks and equities. The broker is licensed by reputable agencies like FCA (UK), CySEC (Cyprus), and ASIC (Australia).
eToro supports fast and free deposit/withdrawal services, along with professional consulting via live chat or hotline. With its experience and high reputation, eToro is the top choice of many investors worldwide.
With more than 17 years of experience in financial brokerage, eToro has achieved remarkable accomplishments. Most recently, the platform was honored with the “Best Trading Platform 2024” award by Forbes – a testament to its transparency and optimal investment policies.
Other notable milestones in eToro’s development include:
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- 2011: Winner of Finovate Europe Best of Show.
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- 2013: Launched mobile apps on both Android and iOS.
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- 2007–2013: Raised 31.5 million USD in investment capital.
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- 2014: Attracted an additional 27 million USD from Russian and Chinese investors.
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- 2018: Announced the nonprofit project GoodDollar, aiming to reduce global wealth inequality.
Although eToro has achieved many milestones, its awards are not as prominent compared to some competitors. Topforexviet recommends investors to read more eToro broker reviews for a comprehensive and objective perspective.
Many investors trust the reputable broker eToro
IC Markets
IC Markets is a reputable and long-established Australian forex broker, protected by the ASIC financial authority to ensure investor safety. The broker offers diverse trading products with modern technology platforms like cTrader, supporting free analysis tools such as Autochartist and Trading Central.
IC Markets provides three main account types: Standard, Raw Spread (MT4/MT5), and Raw Spread (cTrader) with ultra-low spreads, sometimes even zero.
IC Markets has earned multiple awards from reputable financial organizations, reflecting their commitment to providing high-quality services. Some notable awards achieved by IC Markets include:
- MetaTrader 4 Trading Platform Award: IC Markets offers MetaTrader 4, one of the most popular trading platforms worldwide, which has received many awards for its features and superior performance.
- Top World’s Largest Brokers by FX Volume: According to Finance Magnates, IC Markets is ranked among the largest brokers globally by forex trading volume.
XTB Broker
XTB entered the Forex market in 2002 and was the first foreign exchange and CFD broker in Poland. XTB is also one of the few brokers listed on the Warsaw Stock Exchange since 2016, confirming its transparency and credibility.
With over 16 years of experience, XTB has established a solid presence in the European market and is licensed by leading financial authorities. The broker offers two main account types: Standard and Pro, with a minimum deposit starting from just 1 USD.XTB supports flexible deposits/withdrawals via methods such as Visa, Skrill, and NganLuong, providing convenience for traders.
XTB has made its mark with numerous prestigious awards, affirming its position in the international financial industry. Some notable achievements include:
- Best Broker in Europe 2005 – Money Market Magazine
- Fx Cuffs Award 2017
- Best Financial Educator
- Best xStation 5 Trading Platform Provider
- Best CFD Provider
- Best CFDs Broker 2019 – Broker Chooser Magazine
- Best Islamic Forex Broker 2018
- XTB was also honored by Financial Times (FT1000) as one of the fastest-growing Fintech companies in Europe.
These awards clearly demonstrate XTB’s transparency, credibility, and continuous efforts to provide a safe, attractive, and professional investment environment for users worldwide.
FXTM
FXTM is one of the reputable brokers licensed by FCA, IFSC, and CySEC, ensuring investor safety.
The broker offers popular account types such as ECN and Standard, with attractive fees including low spreads and commission of only $4/lot. FXTM also supports EA (Expert Advisors) trading, allowing traders to follow strategies from professional investors.
In addition, FXTM optimizes order execution speed and frequently launches attractive promotions and incentives to attract global investors.
With over 12 years of experience in the financial industry, FXTM has continuously strived and earned more than 25 awards, affirming its position in the market. Recent notable awards include:
- Best Trading Experience 2021 – World Finance
- Best Forex Education Provider Nigeria 2021 – World Business Outlook
- Best Online Leveraged Trading Specialists 2021 – Global Business Awards
- Best Online Trading Platform Nigeria 2021 – World Business Outlook
- Most Trusted Broker Nigeria 2021 – World Business Outlook
These awards are mostly granted by reputable regulatory bodies and global financial committees, recognizing FXTM’s superior service quality and trading policies.
Impressive investment opportunities at FXTM
AvaTrade
AvaTrade is one of the reputable and popular online brokers providing global financial trading services. Established in 2006, AvaTrade operates in many countries and serves millions of clients worldwide. The broker stands out by offering diverse trading instruments including Forex, stocks, commodities, indices, cryptocurrencies, and derivatives.
AvaTrade is focusing on strong development in the Asian market while maintaining its presence in Europe under supervision of reputable authorities such as the Japan Financial Services Agency (JFSA) and Australian Securities and Investments Commission (ASIC). The broker holds important licenses, including:
- ASIC License (No: 406684)
- FSA License (No: 2010401081157)
AvaTrade enables investors to access powerful trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and AvaTradeGO – its proprietary mobile app, allowing users to trade anytime, anywhere. The broker also provides market research tools, educational resources, and tutorials for beginners.
AvaTrade has won several prestigious awards in the financial industry, reflecting its commitment to quality service and innovation. Some notable awards include:
- Best Forex Trading App Europe 2024 – FX Empire
- Best Forex Broker Colombia 2024 – FX SCOUTS
- Best Online Trading Platform Australia 2024 – Digital Trophy
- Best Affiliate Program 2024 – Pan Finance Awards
AvaTrade creates many trading opportunities for investors
FBS
FBS is an online broker established in 2009, specializing in Forex, commodities, indices, and cryptocurrencies trading. It supports popular platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with technical analysis tools and educational materials for both new and experienced traders.
FBS offers flexible leverage, competitive trading fees, and 24/7 customer support. The broker is regulated in multiple countries, providing a safe and transparent trading environment.
In 2021 and 2022, FBS proudly received 9 major awards from reputable organizations, including:
- Best Forex Broker Thailand 2022
- Most Innovative Trading Platform Asia 2022
- Best IB Program Asia 2022
- Best Customer Service Broker Global 2022
- Best Forex Broker Thailand 2021
- Best Trading Broker – South East Asia 2021
- Best Trading Platform Asia 2021
- Best Mobile Trading Platform – Asia 2021
- Best Trading Broker – South East Asia 2021
These awards not only recognize FBS’s service quality but also confirm its strong position in the financial market.
FBS offers a unique Forex trading experience for investors
Conclusion
Choosing a reputable Forex broker is a crucial factor to help investors optimize profits and minimize risks. Investors need to carefully evaluate criteria such as operating licenses, trading costs, execution speed, and customer service quality before deciding to trade. With the above list of trusted Forex brokers, you can find the broker that best fits your needs and investment strategy.
