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Best International Online Forex Brokers In Vietnam For 2023
Explore our curated selection of reputable brokers for forex trading platform in India, rigorously tested with actual funds, all accessible within the Vietnam market.
XM
Beginner score 4.4/5
FP markets
Beginner score 4.4/5
FXTM
Beginner score 4.3/5
Xtream Forex
Beginner score 4.3/5
IQ options
Beginner score 4.3/5
IC market
Beginner score: 4.2/5
Discover the advantages of the premier brokers for forex trading platform in Vietnam, recently updated for the year 2024
Popularity Of The Best Online Forex Brokers In Vietnam
Curious about public opinions? Explore the brokers that garnered user preferences over the last 6 months on The Brokers Rating for the best forex trading platforms in Vietnam..
Popularity
Financial Market Regulation In Vietnam
Brokers and trading platforms catering to Indian citizens undergo strict regulation and oversight by the Securities and Exchange Board of India (SEBI), the nation’s financial markets regulator. SEBI, in conjunction with the Reserve Bank of India (RBI), issues licenses to these brokers and ensures their compliance with existing regulations.
SEBI has implemented comprehensive regulations to safeguard participants in financial markets, aiming to prevent manipulation. Despite these measures, unregulated and illicit platforms promising excessive profits are prevalent in India.
A crucial principle to bear in mind is that if an opportunity seems too good to be true, it often is. Overnight wealth through stock, forex, or CFD trading is unrealistic, and engaging with an unregulated or fraudulent broker can lead to the loss of invested funds.
All brokers highlighted in our premier list are registered with at least one top-tier regulator and hold licenses to operate in India.
Taxation Of Stock Trading In Vietnam
Profits derived from stock trading in India are subject to income tax, with the Indian tax authorities distinguishing between short-term and long-term capital gains. Short-term gains occur when shares are sold within 12 months of purchase, and the selling price exceeds the purchase price, attracting a 15% income tax rate.
On the other hand, if stocks are sold after 12 months with a capital gain surpassing Rs.1 lakh, a 10% long-term capital gains tax applies. This tax is applicable even to shares traded outside of India. In the case of intraday trading, where shares are bought and sold within the same trading day, the gains are treated as business income and taxed based on the trader’s income tax slab.
Now, let’s explore the top international online forex brokers and their forex profit calculators for Indian residents in 2023, starting with the champion, Exness.
Recommended for traders looking for broad market access and a professional trading environment.
Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero-commission stock trading.
Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service.
Recommended for investors and traders looking for a great trading platform and solid research.
Recommended for traders interested in algorithmic stock trading.
Recommended for experienced traders looking for an easy-to-use platform and a great user experience.
Recommended for options and futures traders focusing on us markets.
Recommended for forex traders who are familiar with the metatrader trading platforms.
Recommended for equity investors and cfd traders looking for easy-to-use trading platforms.
Recommended for forex traders who value a user-friendly platform and great research tools.
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How Did We Select The Best International Online Brokers In Vietnam In 2023?
Save valuable time on research! Our dedicated team has meticulously evaluated brokers using The Brokers Rating’s distinctive methodology.
- We carefully verified the broker’s regulatory status with a trusted authority.
- We conducted a comprehensive fee analysis, considering spreads, withdrawal fees, forex profit calculator, and commissions.
- Every facet of their services underwent thorough scrutiny and comparison.
- We took the initiative to open an account, conducting real-money tests on the platform’s charting, features, and usability.
FAQ
While there isn’t a fixed minimum deposit for trading stocks, bonds, forex, or CFDs in Vietnam, seasoned traders advise beginning with a minimum of $100 for optimal engagement.
Zerodha, a prominent discount broker in Vietnam, boasts low charges and provides free equity delivery trading. It proves to be an excellent option for novice investors. However, account opening is a gradual process and lacks complete digitization, while the product portfolio exclusively caters to the Vietnam market. It’s important to note that Zerodha clients do not benefit from investor protection coverage.
