Tiếng Việt
Top 4 best forex CFD brokers right now – The most honest review you’ll find
Hey everyone! It’s Tradevietstock. Today, I’m bringing you a detailed review of the Top 4 best forex CFD brokers right now in the world and in our region. If you’re looking for a broker that fits your needs, this guide will help you make an informed decision. Let’s dive in!
i. How we evaluate the top forex CFD brokers
Choosing a forex broker isn’t just about picking the most well-known name or the one with the biggest marketing budget. A high-quality broker should meet these essential criteria:
- Regulation & licensing – Must be overseen by top-tier financial regulators such as FCA, CySEC, ASIC, etc.
- Product range – Should offer a variety of trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies.
- Trading costs – Competitive spreads, commissions, and swap fees.
- Trading platform – Supports xStation, MT4, MT5, or cTrader, ensuring a smooth and efficient trading experience.
- Customer support – Fast deposits and withdrawals, with localized support available in Vietnam.
Based on these factors, I’m reviewing XTB, Exness, FxPro, and IC Markets—Top 4 best forex CFD brokers right now I’ve personally used for years.
ii. Reviewing the top 4 forex CFD brokers
1. XTB – best for diverse trading products
Standing out among Top 4 best forex CFD brokers right now, XTB is a well-established forex CFD broker with a strong reputation worldwide. What stands out the most is the huge range of tradable assets and its modern, user-friendly platform.
📌 Overview
XTB is a leading Forex & CFD broker with over 1 million clients worldwide. It is publicly listed on the Warsaw Stock Exchange and regulated by FCA & CySEC.
🎯 Advantages
✔️ Wide range of trading products: Over 6,100 instruments, including 71 Forex pairs, 3,082 stocks, 33 indices, and 783 ETFs.
✔️ Powerful xStation platform: Built-in technical analysis tools, intuitive interface, full Vietnamese language support, and no access restrictions in Vietnam.
✔️ Swap-free option: Zero overnight fees on select instruments.
✔️ Strong customer support: Global support team, tailored to regional needs.
⚠️ Disadvantages
❌ Spread volatility: Can widen significantly during major news events.
❌ No cryptocurrency trading in some Asian regions: Currently unavailable for Asian traders. Yet, European traders can trade cryptocurrency just like other giant brokers.
👨💼 Who is XTB suitable for?
🔹 Professional traders looking for a diverse range of assets.
🔹 Macro investors interested in global stocks, ETFs, and commodities.
👉 Sign up for a free XTB account here!
2. Exness – The Best Broker for Beginners
Ranked among the top 4 best forex CFD brokers right now, Exness is widely recognized in Southeast Asia. When I first entered the Forex CFD market, I chose Exness as my go-to broker. What stood out to me was its intuitive and beginner-friendly interface, making it ideal for those with little trading experience. Additionally, Exness is known for having the lowest trading costs among top 4 best forex CFD brokers right now.
📌 Overview
Exness is one of the most popular Forex brokers in Asia and Africa, with over 800,000 clients. It is regulated by FCA, CySEC, and FSA and follows a transparent financial reporting policy.
🎯 Advantages
✔️ Lowest spreads in the market, especially for Raw Spread & Zero accounts.
✔️ Swap-free option: No overnight fees on multiple instruments.
✔️ Fast & free deposits/withdrawals: Instant transactions with zero fees.
✔️ No Dealing Desk (NDD) policy: Orders are executed directly in the market, ensuring transparent pricing.
⚠️ Disadvantages
❌ Limited product selection: Mainly focused on Forex (107 pairs), stocks (81 symbols), indices, gold, and cryptocurrencies.
❌ Exness Terminal interface needs improvement: May be blocked by some ISPs in Vietnam.
👨💼 Who is Exness suitable for?
🔹 Beginners: Low-cost, easy-to-use platform.
🔹 Small-scale traders: Ideal for those who don’t need a broad range of assets.
👉 Sign up for a free Exness account here!
3. FxPro – The Broker for Professional Traders
The giant FxPro is also ranked among the Top 4 best forex CFD brokers right now. Most of its user base comes from Western countries. Similar to XTB, I chose FxPro for its professionalism and diverse range of products, making it ideal for experienced traders and hedge fund managers.
📌 Overview
FxPro is a major player in the industry, serving over 7.8 million clients. It is regulated by FCA, CySEC, and FSCA and stands out for its professional cTrader platform.
🎯 Advantages
✔️ Robust trading platforms: Supports MT4, MT5, and cTrader.
✔️ No Dealing Desk (NDD): Ensures orders are executed without broker intervention.
✔️ Strong CFD stock trading: Over 2,000 stocks from the US, UK, and Germany.
⚠️ Disadvantages
❌ Higher trading costs: Slightly more expensive than Exness.
❌ Swap fees: Overnight charges apply to open positions.
❌ Not ideal for small traders: Requires a minimum deposit of $100.
👨💼 Who is FxPro suitable for?
🔹 Experienced traders: Those who prefer cTrader and stock CFD trading.
🔹 Traders who prioritize execution quality over low fees.
👉 Sign up for a FxPro account here!
4. IC Markets – The Best Broker for Scalpers & Day Traders
The final contender in the top 4 best forex CFD brokers right now list is IC Markets. I personally used IC Markets for an extended period when focusing on scalping and day trading. To trade with IC Markets, you must be familiar with MT4 or MT5, two professional Forex CFD trading platforms that allow you to develop bots and custom indicators.
📌 Overview
IC Markets is one of the true ECN brokers, known for its ultra-low spreads. It is regulated by ASIC, CySEC, and FSA and serves over 200,000 clients.
🎯 Advantages
✔️ Lowest spreads in the market, especially for short-term traders.
✔️ Multiple platform support: Compatible with MT4, MT5, and cTrader.
✔️ Diverse product offerings: Includes Forex, stock CFDs (over 2,100 symbols), bonds, and cryptocurrencies.
⚠️ Disadvantages
❌ High minimum deposit: Requires at least $200 to start trading.
❌ Swap fees: Overnight charges apply to open positions.
👨💼 Who is IC Markets suitable for?
🔹 Scalpers & day traders: Low spreads and fast execution make it ideal.
🔹 Traders who focus on multiple currency pairs & international indices.
👉 Sign up for a free IC Markets account here!
iii. Comparison of the Top 4 best forex CFD brokers right now
📌 Overview
Below is a comparison table of the Top 4 best forex CFD brokers right now:
| Criteria | XTB | Exness | FxPro | IC Markets |
| Regulation | FCA, CySEC | FCA, CySEC, FSA | FCA, CySEC, FSCA | ASIC, CySEC, FSA |
| Products | 6,100+ | ~180 | 2,000+ | 2,100+ |
| Spread | Average | Lowest | Average | Lowest |
| Trading Platforms | xStation | MT4, MT5 | MT4, MT5, cTrader | MT4, MT5, cTrader |
| Swap Fees | No | No | Yes | Yes |
| Model | Market Maker | NDD | NDD | NDD |
| Minimum Deposit | No requirement | 1 USD | 100 USD | 200 USD |
| Best For | Pro traders, diverse assets | Beginners, low capital, tight spreads | Experienced traders, execution quality | Scalpers, day traders, high-volume trading |
📌 Key Takeaways on the Top 4 best forex CFD brokers right now
- XTB has no minimum deposit requirement, making it a great choice for those who want flexible capital management.
- Exness offers the lowest minimum deposit (1 USD), making it extremely beginner-friendly.
- FxPro & IC Markets require a higher minimum deposit (100 USD & 200 USD), making them more suitable for professional traders.
iv. Conclusion – Which Forex CFD Broker Should You Choose?
📌 XTB → Best for professional traders who prefer a wide range of trading products.
📌 Exness → Ideal for beginners looking for low spreads and optimal costs.
📌 FxPro → Perfect for experienced traders who prefer cTrader and stock CFDs.
📌 IC Markets → Best for scalpers and day traders due to its low spreads and fast execution.
Among the Top 4 best forex CFD brokers right now, which one do you want to trade with? Comment below, and the admin will assist you!
