Fxtm Vs Plus500 Vietnam: A Complete Comparison For 2026
Which broker is better for Vietnam traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Vietnam Traders
Head-to-head comparison
Vietnam's forex market is booming, especially among young, tech-savvy traders in Ho Chi Minh City and Hanoi who are looking for reliable brokers that accept local payment methods like Momo and USDT. FXTM and Plus500 are two globally recognized brokers, but they serve different needs. FXTM (scoring 4.3/5) offers a comprehensive trading experience with flexible account types, low spreads, and full support for VND deposits via Bank Transfer, Momo, and USDT. Plus500 (scoring 3.7/5) is a simpler, commission-free platform ideal for beginners who prefer a streamlined interface. This comparison focuses specifically on what matters to Vietnam traders: local payment methods, SSC Vietnam regulatory context, and trading costs in VND. Whether you are a day trader or a long-term investor, understanding these differences will help you choose the right broker for your goals.
Overall Scores Comparison
Trading Costs - Spreads & Commissions
| Instrument | FXTM | Plus500 | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Plus500 |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Plus500 |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Plus500 |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Plus500 |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $50 | $50 | Tie |
For Vietnam traders, trading costs are a key factor, especially when trading high volumes. FXTM offers two main account types: Standard (spreads from 1.0 pips, no commission) and Raw Spread (spreads from 0.0 pips, with a $2 commission per lot). On EUR/USD, FXTM's Raw Spread averages 0.2 pips, making it highly competitive for scalpers. Plus500 uses a spread-only model with no commission, but its average EUR/USD spread is around 0.7 pips, which is higher than FXTM's Raw Spread. For a Vietnam trader executing 50 lots per month, FXTM can save approximately 25-30% in costs compared to Plus500. However, Plus500's simplicity appeals to low-volume traders who prefer fixed costs.
Account Types Comparison
| Account Type | FXTM | Plus500 |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✗ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✗ | ✗ |
| Copy trading | ✓ | ✗ |
| Min deposit | $50 | $50 |
Leverage Comparison - Vietnam Traders
| Entity / Asset | FXTM | Plus500 |
|---|---|---|
| Vietnam (offshore) | Up to 1:5000 | Up to 1:30 |
| Forex major pairs | 1:5000 | 1:30 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Trading Instruments - Assets Available
| Asset Class | FXTM | Plus500 | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | FXTM |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | FXTM |
| Crypto CFDs | ✗ | 20+ | FXTM |
| Stocks / Share CFDs | ✗ | 1,700+ | Plus500 |
| ETFs | ✗ | ✓ | Tie |
Platforms Comparison
| Platform | FXTM | Plus500 |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✗ |
| MetaTrader 5 (MT5) | ✓ | ✗ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✗ |
| Scalping allowed | ✓ | ✗ |
| Hedging allowed | ✓ | ✗ |
Both brokers offer modern platforms tailored to Vietnam's tech-savvy traders. FXTM provides the industry-standard MetaTrader 4 and MetaTrader 5, which are widely used by Vietnamese traders for their advanced charting, automated trading via Expert Advisors (EAs), and custom indicators. Plus500 uses its proprietary web-based platform and mobile app, which is intuitive and fast but lacks the customization and automation features of MT4/MT5. For Vietnam traders who rely on algorithmic trading or complex analysis, FXTM is the better choice. Plus500's platform is ideal for beginners who prefer a simple, user-friendly interface with one-click trading.
Execution Quality - Speed & Slippage
| Factor | FXTM | Plus500 | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Plus500 |
| Avg execution speed | ~30ms | ~40ms | FXTM |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✗ | Tie |
| EA / Bot trading | ✓ | ✗ | Tie |
Execution quality is crucial for Vietnam traders, especially those using scalping or EA strategies. FXTM offers fast execution with an average speed of 0.1 seconds on its Raw Spread account, with no requotes. Plus500's execution is also fast but uses a market maker model, which can lead to slippage during volatile markets. For high-frequency traders, FXTM's ECN model provides more reliable execution.
Regulation & Safety for Vietnam Traders
| Safety Factor | FXTM | Plus500 |
|---|---|---|
| Primary regulator | FCA | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Regulation is a critical consideration for Vietnam traders. FXTM is regulated by multiple top-tier authorities, including the FCA (UK) and CySEC (EU), offering strong investor protection. Plus500 is also regulated by the FCA and CySEC, as well as ASIC in Australia. However, neither broker is directly supervised by the State Securities Commission of Vietnam (SSC Vietnam). This means traders must rely on the brokers' international licenses for security. FXTM's multi-regulatory oversight provides an extra layer of trust, while Plus500's long-standing reputation adds credibility. Vietnam traders should verify each broker's regulatory status and consider using brokers with compensation schemes like the FSCS (UK) for added confidence.
Deposits & Withdrawals for Vietnam
| Payment Method | FXTM | Plus500 |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✗ |
| Neteller | ✓ | ✗ |
| USDT / Crypto | ✓ | ✓ |
| Withdrawal time | 24 hours (often in 30 minutes),Credit / Debit Cards (Visa, Mastercard): 1 to 3 business days. | 1 to 3 business day |
Depositing and withdrawing funds is seamless for Vietnam traders with FXTM, which supports Bank Transfer (VND), Momo, and USDT. Deposits via Momo are instant and fee-free, while USDT deposits offer low-cost, fast transfers. Bank Transfers take 1-3 business days but are reliable. Plus500 accepts Bank Transfer and credit/debit cards but does not support Momo or USDT, which is a significant disadvantage for local traders. Withdrawals at FXTM are processed within 24 hours for e-wallets and crypto, while Plus500's withdrawal times are similar but limited to traditional methods. For Vietnam traders who value speed and local convenience, FXTM is the clear winner.
Islamic Accounts - Swap-Free for Vietnam Muslims
| Islamic Account Feature | FXTM | Plus500 |
|---|---|---|
| Swap-free available | ✓ | ✗ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Islamic (swap-free) accounts are important for Muslim traders in Vietnam who need to comply with Sharia law. FXTM offers Islamic accounts on request for all account types, with no swap or rollover fees on overnight positions. This makes FXTM a suitable choice for Vietnam's Muslim community. Plus500 does not offer Islamic accounts, which means Muslim traders using Plus500 will incur overnight swap charges. For Vietnam traders seeking halal trading conditions, FXTM is the only viable option between these two brokers.
Customer Support Comparison
| Support Feature | FXTM | Plus500 | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✗ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | FXTM |
Customer support is available in Vietnamese for both brokers, but FXTM offers more comprehensive options including 24/5 live chat, email, and phone support with a dedicated Vietnamese team. Plus500 provides 24/7 live chat and email support but limited phone support. FXTM's local language support and faster response times (under 2 minutes) give it an edge for Vietnam traders who need immediate assistance.
Mobile App Comparison
| Mobile Feature | FXTM | Plus500 | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | FXTM |
| Google Play rating | 4.3 stars | 4.2 stars | FXTM |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
Education & Research Tools
| Resource | FXTM | Plus500 | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | ✗ | FXTM |
| Webinars (live) | Weekly | ✗ | FXTM |
| Economic calendar | ✓ | ✗ | Tie |
| Market analysis | Daily | Basic | FXTM |
Real User Reviews - Trustpilot
Pros & Cons of Each Broker
FXTM
Plus500
Who Should Use Which Broker? - Vietnam Guide
Choose FXTM if you...
- Want low spreads and low commissions for high-volume trading
- Need local deposits via Momo, USDT, or Bank Transfer in VND
- Require an Islamic account for Sharia-compliant trading
- Prefer MetaTrader 4/5 for automated trading and advanced analysis
Choose Plus500 if you...
- Are a beginner looking for a simple, commission-free platform
- Prefer a proprietary platform with a clean interface
- Trade low volumes and value fixed spreads
- Do not need local payment methods like Momo or USDT
FAQ - FXTM vs Plus500 in Vietnam
Is FXTM or Plus500 better for Vietnam?
+Can Vietnam traders use both brokers legally?
+Which broker has lower spreads for Vietnam traders?
+How do Vietnam traders deposit at FXTM and Plus500?
+Do both brokers offer Islamic accounts for Vietnam?
+Final Verdict - Vietnam 2026
For Vietnam traders in 2026, FXTM is the stronger choice overall, scoring 4.3/5 compared to Plus500's 3.7/5. FXTM excels with local payment support (Bank Transfer, Momo, USDT), lower trading costs on its Raw Spread account, and the availability of Islamic accounts. While Plus500 offers a simpler, beginner-friendly experience, its lack of local payment methods and higher spreads make it less suitable for Vietnam's cost-conscious, tech-savvy traders. Considering SSC Vietnam's regulatory environment, both brokers are accessible, but FXTM's multi-regulatory oversight and local support give it a clear edge. For most Vietnam traders, FXTM is the recommended broker.
