We wish to build and develop VNDIRECT into a trusted financial institution providing transparent and reliable investment products which is supported by a team of integrity and professionalism as well as a multi-utility technology platform for all types of customers. With that goal, VNDIRECT will become the place of collective wisdom, stimulate capital flows among people & create opportunities for anyone to be an integral part contributing to a dream of a greater Vietnam Market.
What is VNDIRECT？
VNDIRECT Securities Joint Stock Company is a well-established financial services provider in Vietnam, offering a broad spectrum of services including securities trading, investment opportunities, and asset management. Known for its diverse range of trading instruments, VNDIRECT provides access to stocks, derivatives, CW-warrants, and margin trading.
The company features various investment products such as DLIFE, DSIP, and DGROW, designed to meet different financial goals. Users benefit from competitive fees, with an online trading facility fee of 0.10% per transaction and flexible margin interest rates.
Despite its comprehensive offerings, VNDIRECT operates without regulatory oversight, which is an important consideration for potential investors.
Pros & Cons of VNDIRECT
Pros:
Diverse Range of Services: VNDirect offers various services, including securities trading, investment services, and asset management, catering to different investor needs.
Investment Products: They provide a range of investment products such as DLIFE, DSIP, and DGROW, offering investors options to diversify their portfolios.
Various Trading Instruments: VNDirect offers a variety of trading instruments, including stocks, derivatives, CW–Warrant, and margin trading, providing flexibility for investors.
Rich ducational Resources: VNDirect offers educational materials and video tutorials, helping investors enhance their knowledge and make informed investment decisions.
Cons:
Lack of Regulation: VNDirect may not be regulated by a financial regulatory authority, which could impact investor protection.
Language Barrier: As a Vietnamese company, language barriers exist for non-Vietnamese-speaking investors, especially in accessing customer service or educational materials. Furthermore, there are problems with access to its English website.
Is VNDIRECT Safe？
The question of VNDIRECT's safety is a bit more complex. On the one hand, VNDIRECT appears to be a comprehensive brokerage firm with various investment products and services. However, the absence of any regulatory oversight raises a red flag. Regulations often mandate that brokers maintain a minimum capital reserve and have insurance in place. This helps safeguard client funds in case of unforeseen circumstances. Without regulatory oversight, it's difficult to assess how safe your money would be with VNDIRECT.
What are Securities to Trade with VNDIRECT？
VNDIRECT offers a diverse range of securities for trading, catering to different investor preferences and strategies.
Stocks: This is the most common type of security, representing ownership shares in a company. VNDIRECT likely provides access to the Vietnamese stock market, letting you buy and sell shares of Vietnamese companies.
Derivatives: These are contracts derived from the value of underlying assets like stocks, bonds, commodities, currencies, or indexes. They can be used to hedge other holdings or to speculate on price movements.
CW-Warrant: This is a type of derivative security that gives the holder the right, but not the obligation, to buy a specific underlying stock at a certain price by a certain date. They can be used to magnify potential gains (and losses) on a stock's price movement.
Additionally, VNDIRECT offers margin trading. This allows you to borrow money from the broker to purchase securities, potentially amplifying your returns (but also magnifying your potential losses).
Investment Products
VNDIRECT's investment products provide a range of options for investors with different risk appetites and investment horizons, allowing them to create a diversified portfolio that aligns with their financial goals.
DLIFE focuses on Wellbeing Finance, providing financial solutions for various life stages such as health, education, housing, and retirement planning. This product aims to support individuals in achieving financial security and stability throughout their lives.
DSIP (Targeted Asset Investment) offers investment options customized to specific goals, whether it's capital preservation, income generation, or long-term growth. This product is designed to help investors align their investments with their unique financial objectives.
DGROW (Growth Investing) targets investment opportunities with high growth potential, aiming to maximize returns over the long term. This product is suited for investors seeking to build wealth through strategic and growth-oriented investments.
VNDIRECT Accounts
VNDIRECT offers a comprehensive range of accounts and services to meet the diverse needs of investors. Whether investors are looking for online trading services, brokerage services, or professional asset and portfolio management, VNDIRECT offers solutions to help investors achieve their financial objectives.
In terms of securities services, VNDIRECT provides various account service packs tailored for securities trading and management. The DTA (Online Trading Service Package) offers convenient and efficient online trading services, allowing investors to execute trades with ease. On the other hand, the DBA (Brokerage Service Package) provides brokerage services for securities transactions, ensuring smooth and reliable execution of trades.
For investment services, VNDIRECT offers an investment service package designed to provide comprehensive investment solutions. The DAA (Online Investment Service Package) enables investors to manage and monitor their investments online, offering convenience and accessibility. The DWA (Asset Management Service Package) caters to investors seeking professional asset management services, offering tailored investment strategies to meet their financial goals. Additionally, the DPM (Portfolio Management Service Package) provides portfolio management services, allowing investors to benefit from professional management and optimization of their investment portfolios.
VNDIRECT Fees Review
Fees for DTA Account
The DTA account offered by VNDIRECT features a fee structure tailored for online trading activities. To get full information about it, you can visit the website: https://www.vndirect.com.vn/bieu-phi-tai-khoan-da/.
For the Online Trading Facility, a fee of 0.10% per transaction is charged based on the transaction value (GTGD). However, there is an exception for April 2024, where trading of underlying securities is free, excluding fees paid to stock exchanges and taxes.
In Online Derivatives Trading, certain fees apply: derivatives transaction fees are free (excluding department fees), but department fees vary for indices futures (2.700 VND) and government bond futures (4.500 VND). Additionally, there is a position management fee of 2.550 VND per contract, account, and day, payable to VSD. The margin asset management fee is 0.0024% of the accumulated value of the margin balance per account per month, with a maximum of 1,600,000 VND per user per month and a minimum of 100,000 VND per user per month.
In terms of Secured Warrant Trading, warrants issued by VNDIRECT are free for buy/sell with custody fee included, while warrants not issued by VNDIRECT incur a fee of 0.1% per transaction based on the transaction value (GTGD).
Fees for DBA Account
The DBA account is designed for customers who wish to have a private care broker. For underlying transactions and warrant transactions not issued by VNDIRECT, the fee structure is based on the transaction value per day per account. Transaction fees range from 0.20% for transactions valued at VND 400 million or more to 0.35% for transactions valued at less than VND 80 million. Similar to the DTA account, there is free trading of underlying securities in April 2024, excluding fees paid to stock exchanges and taxes.
In Online Derivatives Trading, a basic fee of 2,000 VND per transaction per contract applies, with the possibility for customers and careby specialists to negotiate accounts with fees as low as 0 VND. Department fees for indices futures (2.700 VND) and government bond futures (4.500 VND) also apply. The position management fee, margin asset management fee, and custody fees are consistent with those of the DTA account.
Margin Interest Rates
VNDIRECT offers structured margin interest rates to cater to different trading needs: 0.0364% daily for D-Margin and Pre-sale Advance for immediate fund access, starting from 0.022% daily for T15 for longer holding periods, and starting from 0.0% daily for T10 for the lowest borrowing cost, ideal for short-term trades.
VNDIRECT App Review
VNDIRECT offers a variety of apps and platforms to cater to the needs of different investors and traders. These apps and platforms are designed to provide users with the tools and information they need to manage their investments effectively and make informed trading decisions. They offer a convenient and user-friendly way to access the stock market and connect with other investors, making them valuable resources for both new and experienced traders.
DSTOCK: This app is designed for stock trading and provides a user-friendly interface for buying and selling stocks. It offers real-time market data, allowing users to stay updated with the latest stock prices and trends. DSTOCK also includes features such as order placement, portfolio management, and stock analysis tools to help users make informed trading decisions.
MY DGO: MY DGO is an asset management app that helps users manage their investments more effectively. It offers portfolio tracking and performance analysis tools, allowing users to monitor their investments and make adjustments as needed. The app also provides insights into investment opportunities, helping users make informed decisions about their investment strategies.
STOCKBOOK: STOCKBOOK is an investor community app that provides a platform for investors to connect and share insights. It allows users to join discussions on various investment topics, share trading ideas, and learn from others in the community. The app also offers educational resources and market updates to help users stay informed about the latest developments in the market.
Research & Education
VNDIRECT offers a range of educational resources, including the section of Tin VNDIRECT (VNDIRECT News) and video tutorials. The section of “Tin VNDIRECT” provides updates on company news, market trends, and investment insights. The video tutorials cover various topics, such as using the DSTOCK platform for stock and market information lookup, as well as guides for using the Smartsell feature for scale selling catalog, sell for withdrawal, RTT ratio apartment, and selling by purchasing power.
Customer Service
VNDirect's customer service can be contacted via telephone at 1900 5454 09 or through email at support@vndirect.com.vn. They offer assistance with account-related inquiries, trading platforms, technical support, and general inquiries about their services. Additionally, there is also a live chat on their website.
Conclusion
VNDIRECT Securities Joint Stock Company is a prominent financial services provider in Vietnam, offering a diverse range of services including securities trading, investment services, and asset management. However, VNDIRECT operates without regulatory oversight, which is a consideration for potential investors. For investors seeking added security and potentially more robust educational resources, exploring other brokers with regulatory oversight is a wise first step.
Frequently Asked Questions (FAQs)
What services does VNDIRECT offer？
VNDIRECT provides securities services, investment services, and asset management services.
What trading instruments are available on VNDIRECT？
VNDIRECT offers trading in stocks, derivatives, CW-warrants, and margin trading.
What are the investment products offered by VNDIRECT？
VNDIRECT offers investment products such as DLIFE, DSIP, and DGROW.
What are the fees associated with VNDIRECT accounts？
Answer: The fees for VNDIRECT accounts vary depending on the type of service and transaction. For example, the Online Trading Facility fee is 0.10% per transaction, while margin interest rates range from 0.0% to 0.0364% per day.
Is VNDIRECT regulated？
No, VNDIRECT operates without regulatory oversight.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
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