Are prop firms legal in Vietnam?
Vietnam is one of the most restricted countries for prop firms. Here's why, and what it means for you.
Forex rules
Vietnamese law doesn't permit individuals to trade forex with foreign brokers. Prop firms sell evaluations on demo accounts, which is a different model, but no regulator has ruled on it.
Why firms restrict Vietnam
Firms restrict countries for regulatory, payment and fraud reasons. That's why the list of firms open to Vietnamese traders is shorter.
Don't get around country rules
Signing up with a firm that restricts Vietnam, for example using a VPN or someone else's ID, will usually get your account closed and profits refused.
Frequently asked questions
Will a firm pay me if Vietnam is restricted?
Usually not. Firms check your ID and address before payouts.
Are there local prop firms?
Judge every firm on track record and transparency.