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TOP 5 REPUTABLE

List of reputable Forex trading platforms

The top 5 platforms for trading gold and CFDs worldwide are

Foreign exchange (forex) and CFDs (Contracts for Difference) investment channels are both appealing and challenging, filled with potential risks. To engage in forex and CFD trading, you'll need an online broker. It's vital to choose a trustworthy forex broker for success in the global currency market. As a currency trader or investor, you may have specific requirements related to platforms, tools, or research needs. Understanding your investment style can help identify the best forex broker for you.

As experienced traders, we recognize the significance of selecting a reputable forex trading platform. After extensive research, we've identified the most noteworthy forex trading platforms and provided relevant information. Our aim is to assist newcomers to the market, saving them time and helping them get started with confidence by understanding policies, features, and finding a platform that suits their financial situation.
Risk Warning:

Trading Forex and Contracts for Difference (CFDs) with leverage carries a high level of risk and may not be suitable for all investors.

Please ensure that you fully understand the risks and exercise prudent fund management, as you can lose all of your invested capital. For more information, carefully read the Risk Warning, Terms and Conditions, and Privacy Policy of each exchange you register with.

As traders, after our experiences and research on various trading platforms, we can only provide you with the objective information below. We do not intend to advise you to participate in any specific exchange but recommend that you thoroughly acquire knowledge, trading skills, and take responsibility for your decisions before entering this market.

"Many new investors have lost a significant amount of money due to choosing fraudulent trading platforms. This is why it's essential to carefully consider all information and select a reputable and suitable trading platform before entering the market"

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THE STOIC MINDSET IN CRYPTO TRADING, FOREX TRADING

Advantages:

Advanced technology with many supporting applications
Professional and fast customer support team
Low and stable spreads
Fast order execution
Minimal slippage
Quick and reputable deposits/withdrawals
Good liquidity
Holds a major CySEC license in Europe

Disadvantages:

Frequent email notifications

Overview:

LiteFinance, established in 2005 and headquartered in Cyprus, is regulated by CySEC. They also have a branch in the Marshall Islands, known for its flexible regulatory environment. LiteFinance is a leading brokerage firm with traders from various levels worldwide and is listed among the top 100 companies by World Finance. With over half a million traders, LiteFinance serves clients in many countries, offering four different account types for trading. Website: LiteFinance-vi.com.

Cent Account:

With a minimum deposit of $10, traders can open a Cent Account. This account is designed for newcomers, those who are just starting or have traded in demo accounts to gain more confidence in their trading psychology. The Cent Account minimizes trading risks by counting deposits in cents. It offers a maximum leverage of 1:1000 and a minimum lot size of 0.01. Additionally, this account includes a 30% deposit bonus and can be denominated in USD, EUR, CHF, or RUB.

Classic Account:

Designed for experienced traders who employ tested and proven trading strategies. The Classic Account features competitive floating spreads starting at 1.8 pips and offers a maximum leverage of up to 1:1000. It requires a minimum deposit of $50, and there are no commission fees.

ECN Account:

The ECN (Electronic Communication Network) Account aims to provide transparency and protect clients from trading fee risks. It utilizes unique electronic technology for Forex trading without broker intervention.

PAMM Account:

The PAMM account is designed for managing funds in Forex trading. It combines the advantages of both management and investment, offering transparency, security, and convenience. This provides an opportunity for both investors and managers to earn substantial profits. The minimum deposit is $200, and the maximum leverage is 1:200. There are no commissions.

Promotions:

LiteFinance runs rewarding promotions. Although the Republic of Cyprus recently banned bonuses and promotions, LiteFinance's branches in the Marshall Islands and other countries still offer them. Traders with demo accounts can participate in monthly contests. The Rebate affiliate program provides stable income, offering up to $15 per trade by referred clients and 10% of your sub-partner's profit.

Investment Products:

LiteFinance allows trading in around 60 currency pairs, precious metals, and crude oil. Additionally, they offer major cryptocurrencies, global stock market indices, and CFDs on top stocks from NYSE, NASDAQ, XETRA, and the Russian stock market.

Commissions and Fees:

You can deposit funds through credit cards or various online payment methods, including LiteFinance Card, Skrill, Neteller, Carte Bleue, Dankort, PostePay, Qiwi, and China Union Pay. Bank transfers are also accepted.











Bonus Policy for Customers – Bonuses from 10% to 100%:

100% Bonus Program:

LiteFinance offers a 100% bonus policy for deposits ranging from $5000 and above. This program supports increased leverage but does not support margin calls or stop-outs.

10% - 30% Bonus Program:

Supports margin call protection for clients.
10% Bonus for capital between $1000 and $2000.
20% Bonus for capital between $2000 and $5000.
30% Bonus for capital between $5000 and $10000.

Free Swap Program at LiteFinance

LiteFinance introduces an enticing Free Swap program for its clients. This program ranges from a minimum duration of one month to a maximum of six months, depending on the deposit amount:

Deposit $1,000 for a 1-month Free Swap.
Deposit $3,000 for a 3-month Free Swap.
Deposit $5,000 or more for a 6-month Free Swap.
This initiative positions LiteFinance as a forward-thinking forex broker, catering to traders looking for flexible trading conditions.

Research and Trading Options

LiteFinance stands out for its diverse range of trading accounts, lucrative rewards, and promotions, along with multiple platform choices for trading. The website is exceptionally user-friendly, offering a wealth of information for browsing traders.

Traders can explore a variety of assets including individual stocks as CFDs, major cryptocurrencies, precious metals, and crude oil, demonstrating LiteFinance's commitment to providing extensive trading options.

Platforms and Tools

MetaTrader 4 (MT4):

LiteFinance equips its clients with the highly popular MetaTrader 4 trading terminal, known for its stability and wide acceptance among traders. MT4 offers various financial tools (Forex, currencies, stocks, precious metals, and CFDs on stock indices) from a single trading account. Traders have access to live Forex news, historical data management, and the ability to create multiple charts.

MetaTrader 5 (MT5):

For those seeking advanced trading platforms, MetaTrader 5 is an excellent option. MT5 features faster processing speeds, a robust MQL-5 programming environment, enhanced security and data encryption, advanced technical analysis, and the flexibility of stop-limit buy and sell orders.

Mobile Trading

LiteFinance enhances the trading experience by offering the MetaTrader 4 and MetaTrader 5 platforms on various devices, including iPhone, iPad, Multi-Terminal, and all Android devices. This broad compatibility ensures that traders can access their accounts and trade from anywhere, at any time.

LiteFinance provides its clients with free Forex mobile applications, available for download and installation on both Android and iOS devices. These applications are a gateway to numerous features including:

Daily analyses and trading signals or strategies directly on your tablet or smartphone.
The applications are available in over 20 languages, ensuring a wide reach and accessibility.
Constant updates and improvements to the apps ensure that traders are equipped with the latest tools and features for effective trading.

The integration of these applications with mobile devices underscores LiteFinance's commitment to offering convenient and accessible trading solutions to its global clientele.












Community Reviews and Ratings

LiteFinance has long been highly regarded in both domestic and international trading forums, with notable mentions on platforms like ForexFactory and Wikifx. Key highlights include:

LiteFinance consistently ranks among the top reputable Forex trading platforms on ForexFactory forum.

This recognition reflects the trust and reliability that LiteFinance has built within the trading community.

SocialTrading Platform: A Hub for Global Traders

LiteFinance's SocialTrading platform is a revolutionary copy trading platform offering four distinct ways to engage in copy trading. This platform brings together traders from around the world, forming a community where individuals can connect and collectively profit from the Forex market. Key features include:

Interaction with other community members: Share your trading thoughts and achievements in the Newsfeed.

Copy successful trades directly into your account or share them with others through LiteFinance's copy trading system.

Share your knowledge and experience in your Newsfeed, attracting new followers. Encourage them to copy your trades, thereby earning commission from their profits.

LiteFinance's copy trading system offers high earning potential and confidence in daily trading decisions, making it an attractive option for both new and experienced traders.



A reputable platform with a longstanding reputation, operating in the forex trading industry since 2005

Register with LiteForex

LITEFOREX

LiteFinance's Awards in 2020: A Year of Triumph

The year 2020 marked a particularly successful period for LiteFinance, as the broker not only garnered significant attention from the trading community but also won prestigious awards that highlighted its growth and operational excellence. Notable awards include:

Best ECN Broker Award: LiteFinance, recognized by major websites and forums like Investing.com, World Finance, ForexFactory, and Top10ForexGlobal, holds top-tier global licenses. Its ECN platform consistently meets client demands while proving its high-quality services and international market standards.

Best Copy Trading Platform Award: LiteFinance boasts a modern trading platform with advanced Copy Trade technology, supported by a team of experienced Master Traders. This award recognizes the platform's innovative approach and effectiveness in copy trading.

Best Retail Forex Trading Platform Award: LiteFinance prides itself on offering high liquidity, microsecond order execution, stable transaction fees, low spread expansion fees, swift deposits and withdrawals, diverse payment gateways, and enthusiastic 24/7 support.
Conclusion: LiteFinance – A Pillar of Stability and Transparency in Forex Trading

LiteFinance stands as one of the longest-operating Forex brokers in the industry, with its stability and transparency being key to its ongoing success. The broker's long history in the market not only adds to its credibility but also provides a sense of security for traders who choose to invest with them.

The extensive list of accounts and the diversity of rewards and promotions make trading with LiteFinance an appealing and dynamic experience. This variety caters to a wide range of trading preferences and strategies, offering something for every type of trader.

In summary, LiteFinance's combination of long-standing industry presence, varied trading options, and a proven track record of awards and community recognition, positions it as a top choice for anyone looking to engage in Forex trading.

EXNESS

This platform has emerged as a popular destination for global forex traders and investors, boasting a robust community of nearly 150,000 active members. It's a preferred choice for professionals in the forex trading world.

REGISTER WITH EXNESS

Exness, a trading platform based in Russia, was established in 2008, operated by a team of experts in information technology and finance. Not long after its inception, Exness moved its headquarters from Russia to Cyprus.

As of now, Exness is ranked as one of the top reputable forex platforms globally, attracting nearly 150,000 investors. An important highlight is Exness's association with Real Madrid during the Euro 2021 season, where the renowned football team served as a media partner for the platform.

Key Advantages of the Exness Platform

Exness has achieved noteworthy success in providing seamless trading experiences to its clients, earning significant recognition for its accomplishments.
Although Exness is a reputable forex platform, it still has some drawbacksp:

Drawbacks of the Exness Platform

Variable Spreads during News Releases

Spread, the difference between the Ask and Bid prices of an asset, is a crucial fee charged by platforms to traders for executing orders and plays a significant role in profitability. At Exness, traders enjoy low spreads starting from 0.0 pips for Zero and Raw Spread accounts. However, during news release times, traders face changing spread levels for various account types. This directly impacts their profit margins. For instance, orders might close unexpectedly if spreads widen, preventing traders from achieving their desired price targets. Addressing this issue could further enhance Exness's attractiveness due to its competitive spread offerings.

Operating Time Zone GMT + 0

Another aspect is the operating time zone. Exness operates in GMT + 0, differing from many platforms using GMT + 2, a common trading time zone.

Limitations in Stop Loss and Take Profit Orders

Exness imposes limitations on the maximum allowable loss and profit margins. Traders are restricted to setting these orders at the platform's minimum prescribed levels. For instance, the minimum default for take profit orders is set at 2 pips (20 points), which can be restrictive for scalping traders who typically aim for 1-2 pips. This limitation can be a significant hindrance for such trading styles.

Limited Bonus Programs

Exness does not offer welcome bonuses for new members, focusing instead on their minimum deposit requirements, commission-free options, and attractive spreads.

However, Exness does offer a rebate program, providing up to $16 per standard lot traded. This offer is available for new clients based on their trading volume. This is less appealing compared to other forex platforms that offer welcome bonuses or funds for new account registrations to enhance the trading experience.

Frequently Asked Questions

Is Exness a Good Forex Broker?

Exness offers a leading range of market coverage with 107 currency pairs. The pricing environment can be competitive, depending on the type of account chosen, and research and education are excellent. The MT4/MT5 trading platform lacks necessary upgrades and shows some red flags. Each trader needs to conclude whether the overall service constitutes a good Forex broker.

Exness has a high degree of strategic specificity, especially aligning with the "style" of Asian traders, including those from Vietnam. Exness understands the trader's psyche, offering exactly what they want and need. Therefore, despite many other prominent brokers, Exness remains the number one choice in the Vietnamese market, dominating and being the perfect choice for novice traders.

Is Exness Regulated?

Exness's retail operations are regulated by the Financial Services Authority (FSA) of Seychelles. The UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC) regulate the business-to-business sector, but this can change as both are up for renewal. Exness voluntarily withdrew from the retail sector in 2019 after renewing both licenses.

How Long Does Exness Withdrawal Take?

Withdrawal processing times range from instant to 72 hours. Additional time may be required for the funds to reach their destination. Typically, the receiving account is credited within business hours.

Is Exness Regulated in South Africa?

No, the Seychelles FSA is the sole regulator of all retail operations.

Is Exness Trustworthy?

Despite Exness's efforts to be transparent after voluntarily leaving the EU and UK regulatory environment for all retail operations, there are still some red flags, diminishing the overall trustworthiness of this broker.

Basic Information about Exness:

Exploring Exness' Licensing

Exness Vietnam, established in 2008 and initially headquartered in Russia, has rapidly grown to become the world's largest retail forex platform since 2015. By May last year, the total trading volume on the platform reached an impressive $395 billion. This figure significantly surpasses its main competitor, Forex.com, whose monthly trading volume is $500 billion, of which only $300 billion is in forex and the rest in commodity trading. The high trading volume is a testament to Exness Vietnam's credibility, as most traders opt for this platform. To understand more about Exness' reputation, one can simply inquire with experienced traders, many of whom are likely trading here.

Transparency of Exness Vietnam

Exness Vietnam is known for its transparency. Their website provides comprehensive information, including trading volumes, the number of active clients, client deposits, and the company's funds. This level of transparency is unparalleled in the industry and is crucial for traders to assess the financial health of the platform to ensure the safety of their trades.

Exploring Exness Financial Reports

For those seeking a commission-free trading platform, Exness Vietnam is an excellent choice. They offer four types of accounts: three standard accounts and an ECN account. The standard accounts at Exness Vietnam are commission-free, including:

+ Standard Cent Account
+ Standard Account
+ Pro Account

Traders only need to pay for the spreads in these standard accounts, and Exness Vietnam boasts some of the lowest spreads in the industry, starting from a minimum of 0.1 pip. The Pro Account offers the lowest spreads but requires a minimum deposit of $2000. The other accounts may have slightly higher spreads but do not have a minimum deposit requirement.

Comparison of spreads across various platforms shows that Exness Vietnam's spreads are the lowest among the major currency pairs, usually below 1 pip and ranging between 0.5 to 0.8 pip in stable conditions. This is outstanding compared to other platforms which charge around 1.7 pips. Even the spreads for cryptocurrencies at Exness Vietnam are the lowest, charging around $3/coin for Bitcoin trades, $0.01 for Ripple, and $0.5 for ETH, excluding spread widening during market news events.

Additionally, Exness Vietnam does not charge fees for cryptocurrency transactions. Swap is a part of the spread, making their crypto spreads some of the best in the market.

ECN Accounts at EXNESS

Known as the Zero account, EXNESS’s ECN account stands out for its near-zero spreads and competitively low commission fees. While the broker charges a commission of only $3.5 per lot, this fee is about 50-90% lower than other ECN brokers who typically charge between $3 and $5 per trade lot (one side). Moreover, the Exness Zero account offers incredibly low spreads, with EUR/USD at 0 and USD/JPY at 0.1 pip, a rate that is hard to compete with.

With a minimum deposit requirement of just $1, Exness is accessible to all traders. This broker, focusing particularly on Asian traders, allows a maximum leverage of 1:2000. The Pro account offers the best trading conditions for most traders, with a minimum spread without commission starting from 0.6 pips. However, there are concerns regarding the real execution of trades as Exness records using client funds for generating revenue. Despite no evidence of wrongdoing, red flags suggest the potential for a simulated trading environment, with client losses benefiting this market maker directly. The infrastructure for oversight exists, but the lack of support for interbank wires adds to the concerns.

Pure forex traders have access to 107 top market currency pairs, but the trading platforms MT4/MT5 are of a newer version. Without third-party add-ons, they lack a competitive edge. Exness excels in internal research and education, while its in-house VPS hosting supports automated trading solutions. Exness offers a mix of excellent services with questionable practices. Traders need to weigh the positives against the negatives and decide if the overall package is acceptable, but the risks are apparent.

If these criteria meet your needs and aspirations, then Exness could be your next trading destination and a trustworthy platform to join the market.

The platform offers low spreads, catering to a diverse range of traders

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Features of Exness Trading Platform

1. Historical Background
Established in 2008, Exness boasts a long-standing history in the trading industry.

2. Operational Licenses
It holds licenses from several prestigious global authorities, including FCA and CYSEC, ensuring regulated and secure operations.

3. Minimum Deposit
Exness stands out with an exceptionally low minimum deposit requirement of just 1 USD, making it highly accessible. It also offers Cent accounts for beginner traders.

4. Withdrawal Process
Both deposit and withdrawal processes are swift, with transactions being completed within minutes.

5. Overnight Fees
Offers a swap-free option (overnight fees) for gold trading on both Buy and Sell orders.

6. Customer Support
Exness prides itself on a dedicated, professional, and attentive customer support team, available 24/7 to assist clients."

CLICK HERE

The platform boasts exceptionally fast trade execution speeds and has been recognized with numerous trading awards in recent years

KVB Prime is a brand name of the KVB Prime Group, established in 2001 in Manchester, UK. The KVB Prime platform is owned and operated by KVB Prime (UK) Limited.

KVB Prime (UK) Limited is licensed and regulated by the Financial Conduct Authority (FCA) of the United Kingdom, under license number 622574. The FCA is one of the world's most prestigious regulatory bodies in the forex industry, known for its stringent licensing conditions and tight regulatory controls. The FCA ensures fairness in the financial market and protects the interests of investors.
Advantages

Low spreads on ECN accounts.
Low minimum deposit requirement (Prime account).
Supports Internet banking with many Vietnamese banks.
No deposit or withdrawal fees.
24/5 live chat support, including Vietnamese language support, with enthusiastic staff.

Disadvantages

Limited range of trading products.
Trading platform on the app is not yet fully developed.
Moderate leverage ratio.
Higher spreads on Prime accounts.
The website provides limited information.
KVB Prime offers a diverse range of financial products, catering to clients worldwide. Its offerings include trading systems and forex services, liquidity solutions, corporate treasury management platforms, business insurance, and integrated technology systems.

Unlike other trading platforms, KVB PRIME provides a moderate range of trading products, including forex, indices, metals, and crude oil. The quantity of each type is not extensive, and the platform does not meet all the trading product needs of traders. Specifically, financial assets such as stocks, cryptocurrencies, or commodities like coffee, wheat, etc., have not yet been included in this forex platform.

Forex: 30 currency pairs, only including major and cross pairs, without any exotic pairs.

Indices: A limited number, with 6 stock indices including 2 from the Chinese market (China300 and ChinaA50), and 4 from European (DAX), American (DOW), Hong Kong (HSI), and Japanese (NIKKEI) markets for investors to choose from.

Metals: Only includes gold and silver.

Crude Oil: Includes US oil (WTI) and UK oil (Brent).

And here are the main points KVB PRIME declares:

KVB PRIME - Leading Forex Trading Broker

KVB PRIME specializes in providing online trading services for a variety of products such as currency pairs, indices, and commodities.

Account Safety

All client investment funds are stored separately in leading international banks globally and are audited by regulatory authorities.

Trading Technology

Access to trading platforms including MT4, KVB Web, and App.

Regulatory Body

Regulated by the Financial Services Authority, KVB PRIME strictly adheres to regulatory requirements and commits to treating all customers fairly.

With information provided by KVB PRIME, along with what we have gathered and experienced from this platform, the SmartBuy Team would like to share detailed reviews about the trading conditions at KVB PRIME below, to help new traders get a clearer view and make the best decision in choosing a trading platform.

In 2014, KVB PRIME expanded its market to Southeast Asia with the KVB PRIME trading platform, managed by KVB PRIME Limited, a subsidiary of the KVB PRIME Group. This company was established in Samoa.

Apart from the prestigious financial service operation licenses from the group, KVB PRIME Limited has not yet announced any other licenses from agencies in Samoa or globally.

The official website of KVB PRIME Samoa is kvbprime.com. 

Operating since 2014, notably, KVB PRIME Samoa (KVB PRIME) has also won several prestigious awards such as the Best Trading Experience 2019, Best Forex Broker Asia 2017.

Check the license of KVB Prime on the FCA's website.

KVB PRIME offers investors two types of accounts: Prime and ECN.

Prime Account: This account is ideal for new investors with limited capital and experience, facilitating trading in smaller volumes. It does not require a minimum deposit and allows investors to experience all the basic trading conditions of a standard account.

ECN Account: Tailored for professional investors with significant capital, this account is designed for trading in larger volumes. It offers special privileges like favorable spread differences and exclusive customer service features that are not available with the Prime account.

A comparison of these two accounts is as follows:
About the Trading Platform
KVB PRIME offers trading capabilities through accounts on their website, app, and currently provides the widely popular MT4 trading platform software. This software is the most extensively used in the market today. With its user-friendly interface and comprehensive range of features for both basic and advanced trading, MT4 delivers an excellent user experience.

Features of KVB PRIME MT4 Software
Three Types of Price Charts: Offers versatility in market analysis.
Nine Timeframes: Ranging from 1 minute to 1 month, catering to various trading strategies.
Four Types of Pending Orders: Enhances trade execution flexibility.
Over 50 Technical Indicators and Chart Analysis Tools: For comprehensive market analysis.
Daily Economic News Feed: Keeps traders informed about market-moving events.
Automated Trading Robots (EAs) and Strategy Testing: Allows for automated trading and strategy verification.
Integration with MQL5 Community: Access to a range of services from this platform.
Compatibility with Computers and Mobile Devices, including iPads: Ensures trading can be managed anytime, anywhere.

App-Based Platform

While KVB PRIME is introducing a dedicated trading app for its clients, the KVB PRIME phone application is still under development. Therefore, currently, investors can only trade on the MT4 software or the MT4 mobile app.


Leverage, Commission Fees, and Spreads

Leverage

KVB PRIME offers moderate leverage options, with a maximum of 1:400. Investors can choose from three different leverage ratios: 1:25, 1:100, or 1:200.

Commission Fees

KVB PRIME has not disclosed any specific commission fees for its products or account types.

Spreads

Spreads are low on ECN accounts.
Conversely, the Prime account has a relatively higher spread difference.
The lowest spread (in pips) for some of the major currency pairs varies across the two account types.
This comprehensive overview of KVB PRIME's trading platform, leverage, commission fees, and spreads provides a clear picture for potential and current investors. As always, traders are advised to conduct their own research and consider their trading needs and strategies before choosing a platform.
About Deposit and Withdrawal Methods
KVB PRIME currently supports various deposit and withdrawal methods such as Payment Asia, NganLuong, and Internet Banking.

The minimum deposit amount is $1 (for ECN accounts, it's $2,000 for the first time, subsequent times minimum $1). KVB PRIME does not charge a deposit fee, but fees may be incurred from the investor's bank.

Withdrawing money is free of charge, and it takes 1-3 business days for the funds to reach the account. The minimum withdrawal amount is $100. If withdrawing less than $100, one must wait until the 10th of each month. If the 10th falls on a holiday or a non-working day, it will be postponed to the next working day.

Bonus Program
Currently, KVB PRIME is offering a deposit bonus program for new clients up to $5,000, under the condition that the total cumulative deposit must be $500 or more. The higher the cumulative deposit, the larger the bonus. This Bonus money can only be withdrawn when the investor meets the trading volume requirements within 6 months. While the bonus program seems attractive, actually receiving the money is still a challenge for small traders with limited capital.
Image: KVBPrime Image Recognition System

KVBPrime Office in Vietnam
A beautiful and luxurious office is located in the Bitexco building, Ho Chi Minh City. The entire 57th floor is dedicated to its operations, with a corner office offering a stunning 360° view, like something out of a dream. This location serves as a convergence point for IBs and KVBPrime members from all over the country. It is a place for meetings and exchange of experiences among everyone and with the experienced support specialists of KVBPrime.

The KVBPrime office is designed to be luxurious and professional, with a breathtaking 360-degree view in the Bitexco Financial Tower.

This is also a factor that scores points for KVBPrime among Vietnamese traders, being a pioneer in investing in a formal location for the convergence and connection of traders. KVBPrime is also the first platform to communicate offline about forex trading, a move that shows KVB PRIME's commitment to a long-term brand foundation, creating additional trust for new investors.

REGISTER WITH KVBPRIME

Brand Identity of KVBPrime

In an effort to enhance its marketing and brand promotion activities, KVBPrime is currently offering a range of incentives for both its Introducing Brokers (IBs) and trading account holders. KVBPrime has also established a professional brand image, crafting a distinct and recognizable visual identity for itself.

This initiative not only strengthens KVBPrime's market presence but also aligns with its goal to be a prominent and respected player in the Forex trading industry. The focus on a strong and professional brand identity is crucial in building trust and credibility among traders and partners.
Launched in 2009, XM is a part of Trading Point Holdings Ltd, with its main regulatory body being CYSEC – the official license provider, working in conjunction with the European Union to ensure transparent operations and anti-money laundering compliance. Currently, XM serves over 2.5 million clients from 196 different countries, supports 30 languages, alongside 16 comprehensive trading softwares and 25 safe payment methods, backed by the support of 450 experts with years of experience in the finance industry.

XM offers a wide range of products for clients to choose from, including Forex, CFD contracts, stock indices, commodities, stocks, precious metals, and energy. All transactions are transparent, from spreads to commission fees, without any hidden charges, and orders are executed incredibly fast, in less than one second. Therefore, XM is highly favored and chosen by Japanese traders, who are known for being demanding and stringent, with high service requirements.

Basic Information about XM:

Established in: 2009
- XM is regulated by: CySEC, ASIC (Australia) and IFSC (Belize)
-  Minimum deposit: $5
-  XM trading products: Forex currencies, stocks, indices, commodities, precious metals, energy
-  Maximum leverage: 1:888
- Trading platforms: MetaTrader 4 & MetaTrader 5, Web Trader, compatible with iOS and Android operating systems

There are two types of Forex platforms: one operates illegally, and the other is regulated (at least) by a global financial organization. Each of these financial institutions has its specific regulations, so the larger the organization, the more stringent the requirements. XM meets these criteria! Let's consider other factors as well.

XM is a reputable Forex trading platform licensed by several of the world's largest financial institutions, including:

+ CySEC (Cyprus Securities and Exchange Commission) in Cyprus with license number 120/10.
+ ASIC (Australian Securities and Investments Commission) in Australia with license number 443670.
I+ FSC (International Financial Services Commission) with license number IFSC/60/354/TS/18.

XM is one of the world's leading Forex trading platforms, licensed by the largest financial institutions today such as FCA, CYSEC, ASIC, IFSC, suitable for beginners with the lowest capital participation.

REGISTER WITH XM

XM Trading Platform

Advantages of XM Broker

Possesses numerous licenses from reputable organizations.
Integrates Forex and CFD trading within a single trading account.
Offers dedicated accounts for traders who prefer trading in stocks.
No commission fees (except for stock accounts).
Low minimum deposit requirement.
Suitable for traders who prefer hedging.
Fast and convenient withdrawal process.
XM covers all transfer fees.
Continuous promotions.
Provides professional TRADING SIGNALS twice a day.

Disadvantages of XM Broker

Does not offer cryptocurrency trading.
Stock trading products do not have leverage, and the deposit fees are high.
Key Features of XM's MT4 Software
Integration of over 1000 products including Forex, CFDs, and Futures
Synchronization with 8 different trading software
Spreads starting from as low as 0.6 pips
Technical analysis tools with over 50 indicators and charting tools
Provides 3 types of charts (line chart, bar chart, and candlestick chart)
Allows hedging (placing counteracting orders in opposite directions)
Supports EA, available indicators, and customization
Comprehensive technical analysis tools with over 50 indicators and charting tools
Customizable indicators and various timeframes
Ensures complete and secure data storage

XM's MT5 Software

The MT5 software, an upgrade from MT4, is developed by the parent company Metaquotes. MT5 offers investors the capability to trade a multi-layered product range from forex (currency trading), CFDs (Contract for Difference) to stocks, stock indices, precious metals, energy, and commodities.

Moreover, being an enhancement of MT4, MT5 includes optimized features like advanced charting tools, flexibility in algorithmic trading (automated trading), as well as the ability to trade in specialized markets such as stocks.

Notably, in addition to the traditional four types of orders like buy limit, buy stop, sell limit, sell stop, MT5 also includes two additional pending order types: buy stop limit and sell stop limit, which help increase the probability of success in trading.

Furthermore, with the use of MQL5, MT5 allows traders to program trading robots and set up personalized indicators that match their trading styles.

Another significant advantage of MT5 over MT4 is that it supports CFD stock trading. Therefore, traders planning to trade this product must open an account using the MT5 software.

XM's MT5 Features

Allows trading of over 1000 products, including stock CFDs, stock index CFDs, forex, precious metal CFDs, and energy CFDs

Synchronization trading across 7 software
Spreads starting from as low as 0.6 pips
Provides over 80 technical analysis objects
Market depth of the latest quotes
Ability to display over 100 charts simultaneously
Supports various order types: market orders, pending orders (buy limit, buy stop, sell limit, sell stop, buy stop limit, sell stop limit), stop and trailing stop
Over 80 technical indicators and more than 40 analytical objects
Ideal for those who prefer Hedging at XM
Hedging, which involves placing counteracting orders including both Buy and Sell at the same time, is widely used by many traders. However, we advise that if you do not have extensive trading experience, it is best to trade in line with the trend to avoid high risks.

XM is perhaps the best platform currently supporting hedging. Thanks to the “Close by” order type, which allows traders to simultaneously close two opposite orders of a product at the same time, helping to save on the spread cost. Note that the two orders must be closed simultaneously, such as a buy order must be closed with a sell order, or vice versa, to use “close by.”

Besides “close by”, XM also offers another order type, compatible with both MT4 and MT5 software, known as “Multiple close by,” allowing traders to close multiple opposite orders at the same time.

For example, if you have two opposing orders, you can use one of the orders to close the others, thus potentially saving or losing a significant amount of spread fee.

XM's Multiterminal MT4

Multiterminal is an application for traders who want to manage multiple MT4 accounts from one software with a single login and password. XM's Multiterminal software supports the following key features:

Supports up to 128 trading accounts
Supports multiple order types
3 allocation methods
Real-time management and execution

Types of Trading Accounts at XM

XM offers 4 main types of accounts: Micro account, Standard account, Ultra Low account, and Share account (stock account).
Account Mechanism Separation, Ensuring Liquidity for Client Payments
Subject to management by ASIC, one of the leading financial regulatory centers and the current overseer of the Australian stock market, KVB PRIME adheres to stringent requirements regarding safety policies in the form of segregated accounts. This implies that KVB PRIME must maintain two accounts, one solely dedicated to holding margin deposits, completely independent from the funds used for trading operations.

This mechanism ensures capital safety, mitigating the risks of forex brokers using margin deposits for personal endeavors, or sometimes even counter-trading against their own clients.

As a result, clients' investment funds are safeguarded through fiduciary trust, protected from disappearing even in the event of XM's bankruptcy. This is also a crucial criterion for choosing a reliable forex broker for trading.

Insurance Mechanism in Case of Broker Bankruptcy

With licensing from CySEC, XM falls under the regulation of the EU's financial authority, thus obligating it to adhere to the EU's Financial Instruments Directive 2014/65 / EU or MiFID II and the EU's Anti-Money Laundering Directive to protect traders under the Investor Compensation Fund (CIF) with a maximum insurance of €20,000.

A minimum capital of €750,000 (as stipulated by CySEC) or 1 million USD (as per ASIC regulations) is required.

Currently, XM is operated by XM Global Limited, also the entity ensuring capital safety and client protection as per current regulations.

Furthermore, as a licensed Securities Service Provider, XM must meet stringent financial requirements, including maintaining sufficient working capital to pay clients, handle potential fluctuations in forex trading orders, and cover all other expenses.

Independent auditors annually audit the company's financial reports.

Due to such stringent requirements, the more licenses a broker possesses, the stronger its financial capability, credibility, and ability to comply with legal standards, ensuring client rights are protected.

However, it is noteworthy that XM's operations in Vietnam are regulated by IFSC, which is the weakest of the three licenses XM holds.

Therefore, fundamentally, the protection of Vietnamese traders' rights might not be as robust as under the other two regulatory bodies.

Nevertheless, for a broker to be licensed by ASIC or CySEC, they must exert significant effort. For instance, FBS, despite its popularity in Vietnam, took 8 years to obtain CySEC licensing.

Thus, traders can place their trust in the broker's credibility. They cannot afford to harm their reputation, built not over days or months, but years.

Therefore, you can be confident in trading with XM given its ongoing development.

XM Trading Platform

One of XM's advantages is its provision of both MT4 and MT5 trading platforms, offering numerous options compatible with Windows and Mac OS operating systems, as well as Webtrader.

Significantly, XM has also developed MT4 and MT5 software compatible with iPad, iPhone, Android, and Android Tablets.

MT4 Software Provided by XM

MT4 is the most popular software used by almost every forex trading broker. It is favored for its user-friendliness, ease of use, and support for automated trading through allowing traders to write orders or use automated trading robots.

For most traders, MT4 is the first choice when it comes to forex or CFD trading (contract for difference on financial products).
XM Promotional Programs
As mentioned earlier, XM is highly generous in promoting its marketing campaigns as well as various bonus programs. Some of the most noteworthy programs currently offered by XM include:

$30 Trading Bonus on XM Account Registration
This program is applicable to customers who are registering an XM account for the first time. Simply by having an authenticated account, the account will automatically be credited with $30 USD without the need to deposit any money or any other requirements.

Therefore, to receive the $30 USD for trading practice or platform testing, you just need to:

Register an XM account

Then proceed to verify the account in the member area by submitting documents proving address and identity.
Click on the "Claim Bonus" button.
Complete the SMS confirmation procedure as instructed on the screen.
Once these procedures are completed and if the XM account is successfully verified, the money will be automatically credited for you to try trading. To withdraw funds, XM also lays out very simple requirements such as:

- A minimum trading volume of 0.1 standard lots.
- A minimum of 5 trading orders.
XM's 15% Welcome Bonus
As the name suggests, once you deposit funds within 24 hours, your account will receive an additional 15% based on the amount you deposit. Also, the maximum bonus amount is 500 USD.

Please note, the 15% bonus is not withdrawable; it is only used to increase the free margin of your account, thus helping you to manage risk better. Furthermore, XM Ultra Low accounts and XM Shares Accounts are not eligible for the deposit bonus.

XM's 10th Anniversary Promotion

This is a prize draw promotion by XM in celebration of their 10th anniversary. You simply need to have a verified real MT4/MT5 trading account at XM with a minimum balance of 500$ (or an equivalent amount) to receive a lucky draw ticket. The program will last until August 2020.
Free VPS on XM Platform

If you maintain a minimum balance of $500 or more and trade at least 2 standard lots (or 200 micro lots) each month, you are eligible for a free VPS.

Additionally, if you do not meet the above requirements, you will be charged $28 per month for using the VPS.

Deposits and Withdrawals at XM

Currently, deposit and withdrawal transactions on the XM platform are processed 24/7 through various electronic payment gateways such as Neteller, Skrill, Visa, Master Card, and Ngan Luong.

About the Trading Platform

The biggest advantage of XM is that it covers all the deposit/withdrawal fees for all payment gateways such as Neteller, Skrill, Visa, and Mastercard.

For example, if you deposit 100 USD via Skrill and withdraw 100 USD later, you will receive the full 100 USD in your Skrill account, as XM pays all transaction fees for both ways.

This is something no other Forex platform has managed to do except for XM! However, if you withdraw less than 200 USD, you will have to bear the withdrawal fee charged by your bank.

All withdrawal requests are processed by XM within 24 hours. Through the XM Card or e-wallet, you will receive money on the same day; if using bank transfer or credit/debit card, it will take 2-5 business days.

XM Customer Support Services

XM supports multilingual customer service 24/5 via email, phone, and live chat.

Each XM customer has their own Personal Account Manager, who not only provides full technical support through live chat, email, or phone, but you can also schedule one-on-one training sessions with them to learn the basics of MetaTrader4.

Therefore, XM’s support services can be considered extremely professional and dedicated.

Should You Trade with XM?

XM has been very successful with its marketing campaigns. However, even though it offers quite a few impressive numbers, we still find some points about XM rather inadequate like:

Firstly, the order execution speed. XM's website states that “XM pioneered the no re-quotes and no rejection of orders policy since 2010. We match 100% of orders, of which 99.35% are executed in less than one second.”

However, XM does not specify what technology it uses, such as P2P peer-to-peer technology, or the leasing of servers at leading data centers like Equinix, which ICMarkets has done.

Therefore, the numbers XM presents are mainly from XM without any third-party verification. For this reason, XM should explain more specifically about this issue in the execution part to be more convincing.

Another point is that XM does not clearly state whether it operates as a Market Maker, STP, or ECN, as XM does not mention its liquidity providers.

Even for the Ultra Low account, a type of account XM offers to compete with other ECN brokers like ICMarkets.

And although offering very competitive spreads, this account type does not charge commission fees. In principle, with True ECN brokers, trader's orders are pushed directly to the market, so the broker will only charge commission fees and not intervene in the spread.

However, XM waives the commission fees for this account type, so it is unclear whether this is the broker's policy to attract more customers or some other reason???

Fairly speaking, XM is indeed a reputable Forex broker, always trying to improve service quality to provide customers with the best experience.

A typical action for this is that XM has recently added the Ngan Luong payment gateway to help customers deposit and withdraw more easily.

As well as providing many different educational resources, all thoroughly researched by XM, from trading signals to indicators, live teaching sessions to support customers.

Conclusion

Every platform has its strengths and weaknesses, and the choice of broker depends on the plan of each trader, investor. With over 2.5 million customers joining, XM is still a trading platform you can consider and choose. Wish you success!
Micro Account

Minimum deposit of $5
Spread fees starting from 1 Pip
No commission fees
Maximum of 200 open/pending orders
Minimum order size: 0.01 lots (MT4), 0.1 lots (MT5)
Trading bonus available
This account is targeted by XM towards novice traders. It is similar to the Cent account offered by Exness or FBS.

However, this account differs as it is calculated in Micro Lots (equivalent to 1,000 units instead of the standard 100,000 units per lot).

As such, even though the account balance is displayed in USD, the smaller lot size means that 1 lot on a Micro account is equivalent to 0.01 lots on a standard account, aiding investors in managing risks more effectively.

Overall, this account is highly suitable for new traders who are still learning about Forex.

Standard Account

Minimum deposit: $5
Spread fees starting from 1 Pip
No commission fees
Maximum of 200 open/pending orders
Minimum order size: 0.01 lot
Trading bonus available
This account is similar to the Micro account, but trades in standard lot units. With a minimum deposit starting from just $5, spreads from 1 pip, and a maximum leverage of 1:888 offered by XM.

Both these account types are aimed at novice traders or those practicing Forex trading, hence offering many conducive conditions to meet their best trading needs.

Ultra Low Account

Spreads for major currency pairs starting from just 0.6 Pip
No commission
Maximum of 200 open/pending orders
Minimum deposit: $50
This account offers the lowest spreads, starting from only 0.6 pip, with no commission charges, and a minimum deposit requirement of only $50 as per XM's regulations. This account is suitable for a wide range of traders, especially those who prefer scalping.

The reason being, XM intends to use this account to attract traders to compete with ECN brokers and reputable Forex platforms like ICMarkets or Exness.

Notably, despite the many advantages mentioned, the Ultra Low account does not incur commission fees, making it an extremely attractive option for those looking to trade with XM.

Note, XM divides the Ultra Low account into two sub-categories: XM Ultra Low Standard and XM Ultra Low Micro, mainly differing in trading volume, with all other conditions remaining the same.

Share Account

Base currency: USD
Leverage: No leverage
Spread as per the base rate
Commission fees: Yes
Maximum of 50 open/pending orders
Minimum order size: 1 lot
Minimum deposit: $10,000
This account is for traders who are interested in trading shares. However, it requires a very high minimum deposit of at least $10,000. This is because the Share account provided by XM does not allow the use of leverage.

Additionally, as per XM's regulations, you must place a minimum of 1 share with the smallest volume being 1 lot. As we know, 1 standard lot is 100,000 units, so according to XM's regulations, the minimum deposit for this type of account should not be $10,000 but rather $100,000 to be sufficient to trade 1 lot.

Although offering thousands of stock products from various countries, the lack of leverage makes the minimum deposit of $10,000 quite high!

Meanwhile, many other Forex brokers like XTB or ICMarkets offer stock products (XTB provides 1,700 stock codes) and still allow a maximum leverage of 1:20.

Therefore, fairly speaking, with such requirements, XM's stock account struggles to compete with XTB or ICMarkets.
Some Points to Note About Accounts Offered by XM

As XM offers a variety of different account types, the platform allows customers to open up to 8 types of accounts simultaneously. However, due to the fact that multiple accounts can be opened at the same time, XM has some policies related to inactive accounts.

According to XM, an account is considered inactive if there is no trading/withdrawal/deposit/internal transfer/additional trading account registration activity for a period of 90 (ninety) days. All bonuses, credits, and XMP points will automatically be removed from an inactive account.

An inactive account will incur a fee of 5 USD/month, or the entire account balance if the available balance is less than 5 USD. Accounts with a zero balance will be archived after approximately 90 days.

Therefore, if you have too many accounts and forget to use them, the best way to avoid the 5 USD/month fee is to withdraw all the money, or transfer funds internally to the most frequently used accounts.

Trading Products Offered by XM

XM offers a wide range of products, totaling over 1000. Unfortunately, XM no longer supports cryptocurrency trading. Therefore, if you want to trade digital currencies, you may consider other platforms like Exness...

Forex Trading: Includes 57 currency pairs – majors, crosses, and exotics.
CFD Stocks: 1184 stock symbols.
Shares: 100 different types of shares, traded on the Share account.
Commodities: 8 commodities including Coffee, Wheat, Sugar, Corn, Cocoa.
Stock Indices: 30 indices.
Precious Metals: 4 products including gold, silver, platinum, and Palladium.
Energies: 4 products including Brent Oil, WTI Oil, NGAS, London Gas Oil (GSOIL).
Fundamentally, XM offers a wide range of products for you to choose from. Especially, stocks and shares traded at XM still enjoy normal dividends, according to the dividend schedule that XM provides in the product information section.

Of course, since these are still CFD trades, you will not have the right to veto or give opinions as when trading basic shares.

However, the fact that dividends are enjoyed is also a competitive advantage offered by XM. This makes the product more competitive compared to other forex platforms, which only offer stock indices as a type of CFD, similar to trading forex currencies or gold or silver.

Spread Fees, Commission Fees, and Leverage at XM

Spread Fees Offered by XM

In reality, the spread fees of XM are quite high, especially for Micro and Standard accounts, ranging from 1.6 pip -2.6pip. Currently, XM has introduced the Ultra Low account with super low spread starting from just 0.6 pip, no commission fees or any hidden fees, very suitable for those who specialize in scalping trading.








About the Trading Platform

XM offers a maximum leverage of 1:888, with the exception being for Share accounts, which do not have leverage. For the other three account types, this leverage ratio decreases gradually based on the amount of money a trader deposits with XM. The specifics are as follows:

For deposits from $5 to $20,000, the maximum leverage is 1:888.
For deposits from $20,001 to $100,000, the maximum leverage is 1:200.
For deposits over $100,001, the maximum leverage is 1:100.
Additionally, it's important to note that for less common currency pairs such as EURDKK, EURHKD, GBPDKK, USDDKK, USDHKD, USDCNH, EURRUB, and USDRUB, the leverage will not exceed 1:50.
For the two currency pairs, USDTRY and EURTRY, leverage also does not exceed 1:100. For pairs containing CHF, the maximum leverage does not exceed 1:400.

Uniquely, XM also offers an automatic leverage change mode. If you think the 1:888 ratio is too high, you can log into your account, go to the “Account” section, and select “Change Leverage” to switch to more suitable levels.

Commission Fees at XM

At XM, apart from the Share account, the other three account types are exempt from commission fees, a significant benefit that XM offers to traders on its platform.

Resources Provided by XM

XM is perhaps one of the most diligent forex platforms in providing resources to traders. Beyond educational resources, there are also resources for trading signals, market research, and many trading indicators developed by XM for its customers.

Trading Signals Provided by XM

XM offers a wide variety of signal types for traders to choose from. Besides the signals analyzed by XM itself, you will also receive signals from Avramis Despotis, a renowned expert who has trained employees at many major banks and news agencies worldwide, such as Reuters, HSBC, Deutsche Bank, Saxo Bank, Barclays Bank, and more.

All analysis from Avramis Despotis mainly revolves around 10 products such as EUR/USD, GBP/JPY, USD/JPY, GBP/USD, EUR/JPY, AUD/USD, GOLD, US30, NIKKEI, and OIL. These are sent twice daily in Vietnamese.

These include entry points, profit-taking, and stop-loss points. Just register and verify your account successfully, and you will receive these signals in the member area.

REGISTER WITH XM

Additionally, you can also access signals directly provided by XM in the resources section after logging into your account.

Indicators Developed by XM

XM takes pride in having the support of 450 top experts, so it's understandable that they have developed their own indicators for the MT4 software. Apart from familiar indicators like Ichimoku, Bollinger Bands, and ADX, XM has also developed an indicator known as the Ribbon Indicator, which can help traders identify trends, accumulation zones, or predict impending trend reversals.

The platform sees up to 7000 new trader accounts created every day and successfully retains over 80% of its existing clients

FBS was founded just over 10 years ago in 2009, offering excellent trading ideas for those wanting to invest smartly. The company has achieved international recognition for its exceptional customer service, favorable conditions, and promotional programs - a great place to start your investment journey! FBS is perhaps the most suitable trading platform for novice traders among the reputable forex platforms operating in Vietnam. Moreover, FBS is very adept at communication. In addition to spending heavily on advertising, FBS always focuses on developing products or implementing policies and strategies to reach out to novice traders.

FBS has achieved truly impressive successes such as: serving over 14 million clients from 190 countries around the world; having 7000 new accounts created every day. FBS has a loyal customer base of up to 80%, a truly large number that any forex platform would aspire to have!

Advantages of the FBS platform:

Supports multiple flexible deposit and withdrawal methods
Offers various types of accounts for customers to choose from, catering to different types of clients.
Provides professional and dedicated customer support
Offers high leverage
Fast deposit and withdrawal processes
Simple account registration procedures

Disadvantages of the FBS platform:

Lacks cryptocurrencies
Limited range of trading products
Some account types have relatively high spreads
Lacks certifications from prestigious regulatory authorities in Europe such as the FCA

Basic information about FBS:

Year of establishment: 2009
Minimum deposit: 1 USD
Maximum leverage: 1:3000
Number of account types offered: 5 types including Cent, Micro, Standard, Zero Spread, and ECN accounts.
Social trading: Copy Trade
Deposit methods: Credit card, Neteller, Skrill, Perfect Money, Internet Banking
Trading products FBS offers: Forex currencies; Metals, CFDs, Stocks
Trading software supported by FBS: MT4, MT5, and FBS Trader
Compatible operating systems: Desktop platforms for Windows and Mac, MT4 and MT5 web-compatible platforms, Android, and iOS.
Trading Fees on FBS Platform
The trading fees on the FBS platform vary depending on the type of account supported, as detailed below:

Cent Account

The Cent account is targeted towards newbies or those without market experience. The minimum deposit for this type of account starts at 1 USD. Additionally, trading on this account does not incur any commission fees, and traders can even enjoy a maximum leverage of 1:1000. This account is suitable for familiarizing oneself with the market and experiencing some of the trading utilities on FBS.

Micro Account

The spread on the Micro account is fixed. The minimum deposit for this account is around 5 USD. However, the financial leverage can be three times higher than the Cent account.

Standard Account

Using the Standard account, clients are not charged additional commission fees, with spreads starting from 0.5 pip. The minimum deposit for this account is 100 USD. If you specialize in stock investments, this account would be an appropriate choice.

Zero Spread Account

For this account, clients have to pay a commission of up to 20 USD/lot. The minimum amount required to maintain the account is 500 USD. The spread is calculated at 0 pip along with quite high financial leverage of 1:3000.

ECN Account

For experienced traders and institutions, the ECN account charges about 6 USD/lot in commission fees. However, the minimum maintenance amount is quite high at 1000 USD. Spreads start from 0.2 pip.

These details provide a comprehensive overview of the various account types and associated fees on the FBS trading platform, catering to a wide range of trading preferences and experiences.
The trading platforms currently available on the FBS platform include:

MetaTrader4 and MetaTrader5 Software

These are the two most popular trading platforms of FBS. The MT4 platform supports the analysis of basic trades. These platforms are evaluated by experts as user-friendly, optimally supporting the analytical needs of each trader.

FBS Trader App

This is a dedicated mobile app for both iOS and Android platforms. It is fully integrated with all functionalities, supporting 24/7 access for users.

MT4 Multiterminal

This platform supports traders in managing multiple accounts at the same time. Users can monitor open positions and update news in real-time through this application.
MetaTrader4 and MetaTrader5 Software

These are the two most popular trading platforms offered by FBS. The MT4 platform supports the analysis needs for basic trades. Both platforms are rated by experts as user-friendly, optimally supporting the analysis needs of each trader.

FBS Trader App

This is a dedicated mobile application available for both IOS and Android platforms. It integrates full functions and supports 24/7 access.

Allows trading of over 50 currency pairs, metals, indices & stocks.
Real-time statistics and easy order management.
Easily monitor exchange rate charts in real-time and do not miss golden opportunities.
Allows you to edit orders and set up accounts with just a few clicks.
Quick deposit and withdrawal through over 100 payment systems.
24/7 customer support in local languages.
Enables you to access trading from any iOS or Android device.
MT4 Multiterminal

This platform supports traders in managing multiple accounts simultaneously. Users can monitor open positions and update news in real-time through this application.

Deposits and Withdrawals on the FBS Trading Platform

FBS currently supports clients to deposit and withdraw money through various payment gateways, making the trading process more convenient, including:

Bank transfer (Vietcombak, Vietinbank, Eximbank).
Visa/Mastercard.
E-wallets like Neteller, Skrill, Perfect Money, Sticpay.
The processing time for deposit orders is immediate. For withdrawal orders via electronic payment systems and bank transfers, it will be processed within 1-2 hours, while withdrawals via Visa card may take 5-7 days.

FBS does not charge a deposit fee for any amount deposited into the trading account, but you will have to pay a small fee for withdrawal transactions:

Withdrawal via Visa/Mastercard: 1 USD – 1 EUR per withdrawal.
Withdrawal via Internet banking: 2%.
Withdrawal via Neteller: 2% + commission (Minimum $1, maximum $30).
Withdrawal via Skrill: 1% +0.32% commission.

To contact for consultation, you can choose one of the following methods:

Live chat on the website or chat via telegram, messenger…
WhatsApp: +7 904 556-52-42
Email: support@fbs.com
Facebook: https://www.facebook.com/FBSVietnam/
Leave your phone number, and then a consultant will call you.
Leverage at FBS

The financial leverage for account types in FBS ranges from 1:50 to 1:3000. This is considered the highest level of leverage currently available in the market. However, higher leverage ratios come with increased risks, so traders need to carefully calculate and manage their capital to avoid account burnout.

The range of trading products at FBS is relatively limited, and cryptocurrencies, once offered by FBS, have now been removed from their offerings.

Furthermore, the highest leverage offered by FBS is 1:3000. However, according to FBS's own regulations, to qualify for this leverage, the amount you deposit must be below 200 USD. If you deposit more than 200 USD and less than 2,000 USD, you will only be eligible for a leverage of 1:2000. And for deposits reaching up to 4,999 USD, the leverage available is 1:1000.

Thus, the more money you deposit, the lower the leverage ratio you are offered. Notably, to minimize risks when clients leave orders open over the weekend (not closing on Friday, maintaining the position), FBS has a policy of reducing leverage or changing margin requirements to safeguard traders. You can refer to the image below for a better understanding of the leverage for products, as well as the leverage ratios according to the deposit amounts provided by FBS.
Summary

If you don't have too many specific requirements and are just looking for a platform with good support, especially one with a Vietnamese support team ready to assist at any time with everything from simple to complex questions, then FBS does this very well. FBS is widely chosen by Vietnamese traders, particularly by those who are new to trading. Therefore, FBS can be a suitable choice if you are just starting out in this field.

REGISTER WITH FBS

LIST OF REPUTABLE FOREX TRADING PLATFORMS

Top 5 Most Popular and Best Forex Trading Platforms the World

Why Choose the Top 5 Forex Platforms?

With years of experience in trading foreign currencies, we have filtered and compiled information and comparisons to select the top 5 platforms.

Superior Trading Experience
Engage in and experience outstanding services.
Awards
Best Trading Experience 2019, 2020, 2021...
Advantages
Những loại tài khoản phổ biến nhất tại các sàn top 5, phù hợp cho những người mới bắt đầu và cả nhà giao dịch có kinh nghiệm
Award-Winning Trading Experience Best Trading Experience in 2019, 2020, 2021...
Credibility Advantage The most popular account types at these top 5 platforms, suitable for beginners as well as experienced traders.
Licensing
All of these platforms are authorized and regulated by reputable financial regulatory bodies.

GO TOP

Partner Program
With Partners, you receive more than just a standard Partner Account.

Many platforms create numerous cooperation opportunities for individuals and organizations based on their needs.
Forex/ Indices/ Commodities/ CFDs
Minimum Spread of 0
Minimum Trading Size of 0.01 lot
Leverage Ratio of 1:400
Minimum Deposit of 0 USD

Leading to the global market

Forex Trading

Forex, precious metals, CFD indices, and commodities product services, with diverse market conditions; minimum trading size of 0.01 lot.

Liquidity Solutions

MT4 Bridging, risk monitoring, trade supervision, Price Engines systems, integration of pricing, and many other support tools.

Global Payments

The top 5 platforms all provide cross-border payment solutions and risk mitigation advisory services.

DISCUSSION, EXPERIENCE EXCHANGE

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For more information, see::
TOP 7 REPUTABLE CRYPTOCURRENCY TRADING PLATFORMS

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