Vietnam-option.com is an online binary options and CFD (MT5) trading platform owned and regulated by Regents Market Group. The platform allows online trading in financial markets, including cryptocurrencies and foreign exchange markets. Our review details all you need to know before you open an account and start trading.
It was only in 2013 that BetonMarkets.com was renamed vietnam-option.com by the parent company, to kick off an expansion plan to capture a larger share of the financial trading market.
Today with the company’s headquarters located in Malta, at Mompalao Building, Suite 2, Tower Road, Msida MSD1825, vietnam-option.com has grown to serve over a million customers from all over the world.
They have expanded to include satellite offices in Malaysia and Japan. The platform has also been developed to integrate MT4 and MT5.
Regulations & reputation
Regarding its reputation, vietnam-option.com is an award winning platform. Over the years, the platform has won numerous accolades from major critics in the financial industry.
These awards are all proof of the first class service that vietnam-option.com has provided over the years to its clients.
In addition, it is also reassuring to let traders know that they are dealing with a legitimate and regulated broker.
In terms of regulatory oversight, vietnam-option.com is regulated by the Malta Financial Services Authority as a Category 3 Investment Services provider under license number IS/70156.
On the Isle of Man and the UK, vietnam-option.com is regulated by the Gambling Supervision Commission and the UK Gambling Commission respectively.
The platform has also been licensed by the Revenue Commissioners in Ireland for Remote Bookmakers.
Exchange
It is interesting to note that vietnam-option.com can offer its traders a wide selection of trading platforms. Trading platforms are classified into (1) basic platforms and (2) advanced platforms.
Basic foundation
There are 2 basic types of platforms, vietnam-option.com platform and Binary Tick Trading App. Both these platforms are used for binary trading with the platform designed specifically for mobile trading.
Advanced Platform
For advanced trading platforms and software, vietnam-option.com has the following information:
- MetaTrader 5 Platform, for CFDs and Forex Trading
- Binary WebTrader, for advanced binary options trading
- Next-Gen Binary Platform, for advanced trading features
- Binary Bot Platform, for Automated Binary Trading
Mobile trading
As mentioned earlier, the Binary Tick Trade app is designed specifically for traders who need to be mobile and not glued to their desktop trading terminal.
The app is available for free and can be downloaded from the Apple App Store and Google Playstore. With the app, traders can check the status of their trading accounts as well as execute trades.
Trading Account Provided
Regarding the type of trading platform available at vietnam-option.com, the broker has only two types of trading accounts to offer, the standard trading account and the virtual account.
Virtual Account
The virtual or demo account is basically a practice account that comes preloaded with $10,000 in virtual cash. It allows beginner traders to test the trading platform and trading strategy, without risking any real money.
It also provides a tool for advanced traders to back-test trading strategies and theories.
Standard Account
Once you are confident enough to start live trading, you can open a standard trading account. Unlike most binary options brokers, which require a minimum deposit of $250 to open a live trading account, vietnam-option.com only requires a minimum deposit of only $5. , thus making vietnam-option.com more accessible.
The account process is simple and hassle free. If you have signed up for a demo account, the process of converting a virtual account to a standard account is even easier with just one click.
MT5 Account
The MT5 account offers CFDs on forex, cryptocurrencies and a wide range of other financial markets. The metatrader 5 platform is a new addition to the offering, coming in summer 2019.
Therefore, the software is very advanced and offers many features that modern traders need. Stop loss, limit orders, advanced charts, test trading strategies and trade with one click.
Free ice cream
Currently, vietnam-option.com does not offer any form of free trading or no deposit bonus.
Property & Tools
At vietnam-option.com, traders can trade in CFDs as well as 4 types of binary options like Up/Down, Touch/No Touch, End/Out and Stay/Out.
As for the list of available underlying assets, there is a choice of 114 different asset classes. They include 30 currency pairs, 4 currency indices, 28 market indices, 40 stocks, 5 commodities and 7 market volatility indices.
The addition of the MT5 platform expands the offering even further.
Customer Support
For the convenience of their customers, vietnam-option.com has translated their website into dozens of different languages. For customer support, traders can contact the support team via email or by calling them directly on the phone.
Contact numbers vary based on trader location. The exact details can be found on the ‘Contact Us’ area of the website.
Unfortunately, we note that live chat support is not available putting vietnam-option.com at a disadvantage, when we compare the broker to other brokers in the industry.
Deposit & withdraw money
As for the payment methods supported by vietnam-option.com, there are many choices. You can use major credit cards like VISA, Mastercard. In addition, you also fund your trading account through eWallets like Skrill and Neteller.
You can also fund your trading account through online exchanges such as Western Union. For traders who do not have convenient access, funds can also be transferred via bank transfer.
Cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin, and Ethereum are also accepted in place of fiat currency. As for withdrawals, the entire withdrawal process takes 1 to 5 business days to complete depending on the method used.
Vietnam-option.com best for day trading?
As a platform for day trading, vietnam-option.com is a suitable platform as the expiry time for binary options can be as little as 2 minutes. The high returns offered also help justify the trading risks involved in binary trading.
Accepted countries
Vietnam-option.com accepts merchants from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders cannot use vietnam-option.com from USA, Malaysia, Hong Kong, Iran.
Frequently Asked Questions
vietnam-option.com accept US Traders?
vietnam-option.com does Nasdaq trading?
Have a mobile app?
vietnam-option.com have MT4
Is hedging allowed?
vietnam-option.com is a trusted, regulated broker?
Correct. vietnam-option.com has been in business since 1999. Long-term survival in the financial market is a sign of customer satisfaction. They are also regulated and licensed by:
- VFSC (Vanuatu)
- FSC (British Virgin Islands)
- IBFC (Malaysia)
What is the minimum deposit requirement to open an account?
How fast is withdrawal from vietnam-option.com?
vietnam-option.com what kind of platform does it offer?
What musical instruments can I use at vietnam-option.com?