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Online payment methods are developing every day and new names are coming into play frequently. Ngan Luong is one of the newest payment solutions, which is a leading payment method in Vietnam. Established in 2009, the company has managed to get international attention because of the safety and security that it offers.
As of today, Ngan Luong has more than 30,000 partners in more than 100 different countries. The number of Forex brokers accepting Nganluong payments is also growing, especially in Vietnam. By adopting this payment method, brokers have the ability to have access to a whole new and different market.
If you are looking for the best Nganluong Forex broker you have come to the right place! In this guide, we will discuss everything about this payment method.
What are the best Forex brokers accepting Nganluong payments?
There are a number of different Forex brokers accepting this payment method, and since the payment method is mostly offered for the citizens of Vietnam, most of the brokers are based in the country. You can see the list of best Nganluong Forex brokers below.
Licences
FCA, CySEC, IFSC, ASIC, DFSA
Min. depo
$5
Leverage
1:888
Platform
MT4, MT5, WebTrader
XM
Licences
ASIC, FSA, FSCA, FFAJ, FSRA, FSC
Min. depo
100 USD
Leverage
400:1
Platform
MT4, MT5
AvaTrade
What is Nganluong and why is it so popular in Vietnam?
Nganluong operates as an E-Wallet, meaning that users have to register accounts with three main functions:
- Recharge
- Payment
- Transfer
The transactions can be made with different options, including ATM, Visa, MasterCard, JCB, Amex, and many others. Nganluong is one of the first online payment solutions in the country, which makes it very popular among the citizens. The estimated payout traffic of the company is more than 50 percent of the market share in Vietnam.
Nganluong is mostly used by the citizens of Vietnam, because of that, the brokers that accept this payment method are mostly focused on the Forex traders in Vietnam. Below, you can access the best brokers that accept this payment method, be sure to check it out.
XM
Min. Depo
$5
Licences
FCA, CySEC, IFSC, ASIC, DFSA
Leverage
1:888
Platforms
MT4, MT5, WebTrader
AvaTrade
Min. Depo
100 USD
Licences
ASIC, FSA, FSCA, FFAJ, FSRA, FSC
Leverage
400:1
Platforms
MT4, MT5
Exness
Min. Depo
$10
Licences
CySEC, FCA, SFSA
Leverage
1:2000
Platforms
MT4, MT5
FundedBull
Min. Depo
49 USD
Licences
N/A
Leverage
N/A
Platforms
MT4, MT5, cTrader
Forex.com
Min. Depo
$100
Licences
NFA, CFTC, FCA, FSA, IIROC and CIMA
Leverage
1:50
Platforms
WebTrader, MT4, MT5
CMTrading
Min. Depo
250 USD`
Licences
FSCA
Leverage
1:200
Platforms
MT4, WebTrader, Copykat
Plus500
Min. Depo
$100
Licences
FCA, ASIC, CySEC, FSCA, FMA, MAS
Leverage
1:30
Platforms
WebTrader, Windows 10 Trader
Is using Nganluong safe?
As with many other E-Wallets, making payments with Nganluong can be very safe and secure. The company represents the first E-Wallet in Vietnam that was granted a license by the State Bank of Vietnam which ensures that the payments can be made very safely.
What are the fees applied to Nganluong payments?
In most cases, there are little to no fees applied to the transactions that you make with Nganluong. However, while depositing money on Forex trading via Nganluong, if you are using credit/debit cards, there might be some fees charged by the card issuer. So, always make sure to contact the card issuer and ask them about the fees.
What currencies can be used for Nganluong transactions?
Since its services are mostly offered in Vietnam, the available currency is Vietnamese dong (VND). A great thing about this payment method is that there is no limit for transactions, so you can transfer as much money as you wish.