Which broker is better for Vietnam traders in 2026? Expert analysis across 12 categories.
For Vietnamese traders looking to enter the global forex market, EasyMarkets and XM Group are two of the most accessed international brokers. EasyMarkets, with a rating of 3.4/5, is known for its user-friendly platform and built-in risk management features like Deal Cancellation and Freeze Rate. However, XM Group (4.7/5) has a stronger reputation among young, tech-savvy traders in Vietnam due to its ultra-low spreads, multiple platforms (MetaTrader 4/5), and a wider range of local payment options including Bank Transfer, Momo, and USDT. Both brokers accept Vietnamese clients and support VND deposits, but XM offers more flexibility for active scalpers and algorithm traders. With SSC Vietnam gradually tightening regulation of foreign brokers, it's important to compare not just costs but also withdrawal speed and local support. This guide breaks down every factor that matters to Vietnam traders: spreads, deposit methods, regulatory safety, and execution quality.
| Instrument | EasyMarkets | XM Group | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | XM Group |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | XM Group |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | XM Group |
| Standard acc spread | from 1.0 pips | from 0.8 pips | XM Group |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $25 | $5 | EasyMarkets |
When comparing trading costs for Vietnam traders, spreads are the most visible expense. EasyMarkets offers fixed spreads starting from 1.2 pips on major forex pairs like EUR/USD, which can be higher than the industry average. For a typical Vietnam trader trading 1 standard lot, a 1.2-pip spread means a cost of approximately $12 per round turn. XM Group, on the other hand, offers floating spreads as low as 0.6 pips on Standard accounts and 0.1 pips on XM Zero accounts. Over 100 trades per month, XM can save a Vietnam trader $50-$100 in spread costs. Additionally, XM has no hidden commissions on Standard accounts, while EasyMarkets does not charge commissions either but makes up with wider spreads. For Vietnamese traders using Momo or USDT deposits, avoiding conversion fees is also crucial — both brokers handle VND deposits efficiently, but XM's lower spreads give it a clear edge for high-frequency trading.
| Account Type | EasyMarkets | XM Group |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✓ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $25 | $5 |
| Entity / Asset | EasyMarkets | XM Group |
|---|---|---|
| Vietnam (offshore) | Up to 1:2000 | Up to 1:1000 |
| Forex major pairs | 1:2000 | 1:1000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Asset Class | EasyMarkets | XM Group | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | EasyMarkets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | EasyMarkets |
| Crypto CFDs | 30+ | 20+ | EasyMarkets |
| Stocks / Share CFDs | ✗ | ✗ | XM Group |
| ETFs | ✗ | ✗ | Tie |
| Platform | EasyMarkets | XM Group |
|---|---|---|
| MetaTrader 4 (MT4) | ✗ | ✓ |
| MetaTrader 5 (MT5) | ✗ | ✓ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✗ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Vietnam traders, especially the younger generation, demand modern and reliable trading platforms. EasyMarkets provides its proprietary web-based platform and also offers MetaTrader 4 (MT4) and MT5, but with limited custom indicators and Expert Advisors (EAs) compared to the full versions. XM Group supports MT4 and MT5 with full EA compatibility, plus a free VPS for clients trading above 5 lots monthly. For tech-savvy Vietnamese traders who use algorithmic trading or copy-trading platforms like ZuluTrade, XM’s infrastructure is more accommodating. Both brokers have mobile apps with Vietnamese language support, but XM’s app is more responsive and offers one-click trading. For those who trade from their phones using Momo or other e-wallets, XM’s mobile deposit feature is seamless.
| Factor | EasyMarkets | XM Group | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | XM Group |
| Avg execution speed | ~30ms | ~40ms | EasyMarkets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✗ | ✓ | Tie |
Execution speed directly affects trading results, especially for scalpers. EasyMarkets uses a market execution model and reports average execution speed of 50-100ms, with re-quotes happening occasionally during volatile news events. XM Group offers both instant and market execution, with average speed under 50ms on MT4/5 and no re-quotes on most order types. For Vietnam traders trading during Asian sessions (e.g., USD/VND or gold), XM’s fast execution and deep liquidity (access to 20+ banks) means slippage is minimal. EasyMarkets also provides no dealing desk (NDD) execution but its fixed spread model can lead to wider spreads during news. Overall, XM offers more consistent execution for active traders.
| Safety Factor | EasyMarkets | XM Group |
|---|---|---|
| Primary regulator | CySEC | ASIC |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
EasyMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). XM Group holds multiple licenses including the CySEC, International Financial Services Commission (IFSC) of Belize, and the Australian Financial Services License (AFSL). For Vietnam traders, neither broker is directly licensed by the State Securities Commission of Vietnam (SSC). However, both comply with international standards such as negative balance protection and segregated client funds. XM Group additionally offers a compensation scheme (ICF) for EU clients. Since SSC Vietnam does not oversee these brokers, Vietnamese traders should rely on the broker's track record and client fund security. XM's longer history (founded 2009) and higher trustpilot scores give it a slight edge in reliability for Vietnam users.
| Payment Method | EasyMarkets | XM Group |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✗ | ✓ |
| Withdrawal time | Cards 1-2 business days; e-wallets instant-1 business day; bank wire 3-10 business days; overall back-office processing within 1 business day (24h) | Visa/Mastercard and e-wallets near-instant to 1-2 business days; bank wire several days |
Depositing and withdrawing funds is a top priority for Vietnam traders. EasyMarkets supports Bank Transfer and USDT deposits, but Momo is not listed officially — some Vietnamese clients have used third-party payment processors to fund via Momo, but this adds complexity. Minimum deposit is $50. Withdrawals are processed within 1-3 business days. XM Group fully supports Bank Transfer, Momo, and USDT directly on its deposit page. Minimum deposit for Bank Transfer is $5, for Momo it’s $10, and for USDT $50. Withdrawals are instant for e-wallets (including Momo) and typically processed within 1 business day for Bank Transfer. XM also supports Vietnamese dong (VND) deposits, avoiding conversion fees. For tech-savvy traders who use USDT for privacy and speed, XM’s USDT withdrawal is also same-day. Overall, XM offers a more seamless local payment experience for Vietnam.
| Islamic Account Feature | EasyMarkets | XM Group |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
For Muslim traders in Vietnam, Islamic (swap-free) accounts are essential to comply with Sharia law. EasyMarkets provides swap-free accounts upon request for all account types, with no additional fees. XM Group also offers Islamic accounts on Standard, Micro, and XM Zero accounts. XM requires a simple declaration of faith, while EasyMarkets processes the request instantly. Both brokers do not charge overnight rollover fees. One difference: XM's swap-free accounts may still incur a small administrative fee for positions held beyond a certain period (usually 10 days), whereas EasyMarkets has no such time limit. For long-term position traders in Vietnam, EasyMarkets might be slightly more accommodating, but for most short-term traders, both are equally suitable.
| Support Feature | EasyMarkets | XM Group | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✗ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | EasyMarkets |
Customer support in Vietnamese language is crucial. EasyMarkets offers live chat, email, and phone support with English as the primary language; Vietnamese support is limited to chat agents who may not be available 24/7. XM Group provides 24/5 multilingual support including Vietnamese-speaking operators via live chat and phone. XM also has a Vietnamese-language website and educational resources (webinars in Vietnamese). For young traders who prefer Telegram or Zalo support, XM has a dedicated Vietnamese community group. EasyMarkets does not offer Zalo support. In terms of response time, XM typically answers within 30 seconds on live chat, while EasyMarkets averages 1-2 minutes.
| Mobile Feature | EasyMarkets | XM Group | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | EasyMarkets |
| Google Play rating | 4.3 stars | 4.2 stars | EasyMarkets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | EasyMarkets | XM Group | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | EasyMarkets |
Choose EasyMarkets if you...
Choose XM Group if you...
For Vietnamese traders, especially the young and tech-savvy, XM Group (4.7/5) is the clear winner over EasyMarkets (3.4/5). XM offers lower spreads, faster execution, more flexible local payment methods including Momo, Bank Transfer, and USDT, and full Vietnamese-language support. While EasyMarkets provides unique tools like Deal Cancellation, its higher spreads and limited payment options (no direct Momo) make it less suitable for active daily trading. SSC Vietnam does not regulate either broker, but XM's longer track record and stronger compensation schemes offer added peace of mind. If you value cost efficiency, platform flexibility, and instant local withdrawals, XM Group is the better choice. However, if you are a beginner who wants fixed spreads and built-in risk controls, EasyMarkets is a viable alternative.