In the context of the increasingly growing foreign exchange market in Vietnam, choosing a reputable, licensed trading floor that is suitable for investment goals becomes a key factor.
In this article, TrueFX Review will help you understand the pros and cons of each platform and choose the most suitable one.
1. Pepperstone – International Standard Trading Platform, Extremely Low Spread
License & Reputation
ASIC (Australia)
FCA (UK)
DFSA, SCB
Pepperstone is known as one of the most transparent ECN brokers in the market. With fast execution and low spreads, it is very suitable for scalping and EA robots.
Advantage
- Spreads from just 0.0 pips
- No Dealing Desk
- Order matching < 0.03 seconds
- Low fees, Razor account support for professional traders
Disadvantages
Not many bonuses
Higher initial capital requirements than FBS/XM
Suitable for:
✔ Professional Trader
✔ Scalper, EA Robot
✔ Traders need speed and low costs
2. IUX – New Exchange, High Technology
Good Support Service in Vietnam FSA License (Seychelles) IUX Global is a rapidly emerging exchange in Vietnam thanks to its smooth platform, good Vietnamese support, and diverse bonus programs.
Advantage
Stable order matching speed
Friendly interface, easy for beginners
Attractive bonuses and cashbacks
Fast Vietnamese support
Disadvantages
Not many top-tier licenses yet
Few international reviews
Fit:
✔ Newcomer
✔ Small capital traders
✔ Traders love bonuses
3. XM – Long-standing International Platform
Most Bonuses in the Market ASIC CySEC IFSC License XM is famous worldwide for its stable spreads, diverse tools, and especially its bonus policy for newbies.
Advantage
Bonus 30 USD for new players
Product variety: Forex, CFDs, Stocks, Commodities
Low spreads, negative balance protection
Quality Forex Learning Materials
Disadvantages
Leverage is not too high
Order matching may be slow during peak hours
Fit:
✔ Newbie
✔ Intermediate Trader
✔ People who like bonuses + Forex learning materials
4. OANDA – Super Reputable, Transparent Exchange, Suitable For Large
Investors Licenses FCA (UK) CFTC/NFA (USA) IIROC, MAS… OANDA is one of the very few platforms with a US license, which is assessed extremely strictly. Very suitable for long-term investors who want absolute safety.
Advantage
World-class reputation
No requotes, no price manipulation
Stable spreads even during high volatility
Powerful analytical tools
Disadvantages
No bonus Low leverage
Not suitable for traders who want to surf
Fit:
✔ Long-term investors
✔ People prioritize safety > profit
✔ Big traders need a high level of trust
5. IC Markets – One of the Best ECN Brokers in the World
ASIC, CySEC, FSA License
IC Markets is known as a “paradise for scalpers” because of its extremely fast order matching speed and near-zero spread.
Advantage
Spreads from 0.0 pips
Order matching speed under 40ms
Low commission fee
Good support for EA and copy trade
Disadvantages
No bonus
Medium to high capital requirements
Fit:
✔ Scalper
✔ EA robot
✔ Professional Trader
Quick Comparison Table of 5 Forex Brokers
| Criteria | Pepperstone | LIGHT | XM | OANDA | IC Markets |
|---|---|---|---|---|---|
| Floor type | ECN | ECN/STP | Market Maker/ECN | Market Maker | ECN |
| Spread | Very low | Medium | Short | Short | Very low |
| Fit | Pro trader | Newcomer | Traders love bonuses | Major investors | Scalper |
| Bonus | ❌ | ✔ | ✔ | ❌ | ❌ |
| Reputation | Very high | Medium | High | Extremely high | Very high |
Which Floor Should I Choose?
If you are looking for absolute credibility → OANDA
If you are a scalper or use a robot → IC Markets / Pepperstone
If you want bonus, small capital → XM / IUX
If you are a professional trader → Pepperstone / IC Markets
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