MB Securities Joint Stock Company (MBS) combines Vietnamese stock and bond brokerage with listed derivatives and investment research. The practical choice is the servicing arrangement: the published self-directed equity rate is 0.08%, MD24 is 0.12%, and clients assigned a broker use a different turnover and dealing-channel schedule. Separate bond and futures schedules prevent those equity percentages from being treated as an all-product price.[1][3][5]
Broker essentials01
MB Securities (MBS) at a glance
| Measure | Value | Context |
|---|---|---|
| Contracting company | MB Securities Joint Stock Company | Source 9 |
| Market and oversight | Vietnam; SSC licensing and VSDC direct derivatives clearing membership, code 004 | Source 9 |
| Equity headline price | 0.08% self-directed; 0.12% MD24; broker-serviced tariffs differ | Source 1 |
| Main platforms | S24 web, MBS Mobile and Contact24 | Source 7 |
| Bond tariff date | 16 March 2026 for the bond transactions covered by the notice | Source 3 |
| Account closure | Domestic VND100,000; foreign VND1,000,000, plus securities transfer where applicable | Source 4 |
| Cash withdrawals | Only unencumbered assets are withdrawable; bank routing affects charges | Source 6Source 4 |
Accounts and service relationships
Sections ↑At a glance02
Choosing a servicing model
| Arrangement | Published basis | Practical distinction |
|---|---|---|
| Self-directed, no assigned broker | 0.08% equity commission | Lower-cost execution relationshipSource 1 |
| MD24 | 0.12% equity commission | Separate named service tierSource 1 |
| Assigned broker | Daily-turnover grid and dealing channel | Online and assisted orders can cost different amountsSource 1 |
| MBSPartner | 0.15% on the English schedule | Confirm the account is actually enrolled in this named serviceSource 2 |
| MBBank application route | Separate notice applies | Do not assume the self-directed tariff automatically follows the bank appSource 1 |
At a glance03
Opening, closing and dormant accounts
| Event | Rule |
|---|---|
| Open an account | No account-opening fee in the posted service scheduleSource 4 |
| Close a domestic investor account | VND100,000; any remaining securities transfer is additionalSource 4 |
| Close a foreign investor account | VND1,000,000; any remaining securities transfer is additionalSource 4 |
| Dormant empty account | Terms permit closure after six months without trading only where cash and securities balances are zero and all obligations are settledSource 6 |
The six-month clause concerns closure of an empty, settled account. It is not a six-month inactivity charge on an invested portfolio. Registration for electronic or financial services also follows the relevant service agreement.[6]
Products and their economic differences
Sections ↑At a glance04
Market access
| Product | Available service | Distinct risk or condition |
|---|---|---|
| Shares, fund certificates and covered warrants | Vietnamese securities dealing | Instrument eligibility and exchange rules still applySource 1 |
| Listed and HNX-registered privately placed bonds | Bond transactions covered by the March 2026 notice | Issuer credit and sale liquidity remain materialSource 3 |
| VN30 and VN100 index futures | Listed derivatives dealing | Margin and clearing costs apply in addition to broker commissionSource 5 |
| Government-bond futures | Separate derivative commission | Not the same transaction as buying a cash bondSource 5 |
At a glance05
Odd-lot execution
Brokerage and other costs
Sections ↑At a glance06
Broker-serviced online equity orders
At a glance07
Broker-serviced assisted equity orders
The equity schedule includes exchange charges. Its broker-serviced bands print shared boundary values without consistently specifying which interval owns the boundary; the account tariff should resolve an order day that lands exactly on one. The quoted percentages do not eliminate applicable investor taxes or financing costs.[1]
At a glance08
Bond dealing from 16 March 2026
| Transaction | Commission | Basis |
|---|---|---|
| GBOND or a bond deal with MBS | 0.0054% | Transaction valueSource 3 |
| Other covered bond trades below VND1bn/day | 0.03% | Daily value per subaccount and dealing channelSource 3 |
| VND1bn to below VND10bn/day | 0.02% | Same aggregation basisSource 3 |
| VND10bn/day or more | 0.01% | Same aggregation basisSource 3 |
The notice covers listed bonds and privately placed bonds registered for trading at HNX, subject to separately agreed arrangements. This is the relevant dated update to older English-page bond rates.[3]
At a glance09
Futures broker and exchange charges
At a glance10
Additional derivatives charges
| Item | Published charge |
|---|---|
| Clearing | VND2,550 per novated contractSource 5 |
| Collateral management | 0.0024% of cumulative margin-asset balance, billed per account per month; minimum VND100,000, maximum VND1.6mSource 5 |
| Margin cash transfer | VND11,000 including VATSource 5 |
| Personal income tax | Separate formula using settlement price, contract multiplier, contract count and initial-margin ratioSource 5 |
VND3,000 is the MBS index-futures commission, not an all-in execution price. An opening and a closing trade create two commission sides; exchange, clearing, collateral-management and tax charges must be added on their own bases.[5]
At a glance11
Monthly custody charges
At a glance12
Securities transfer and closure charges
| Instruction | Charge | Scope |
|---|---|---|
| Own-account transfer to another broker, account retained | VND1 per security; cap VND1m per transfer per code | Ordinary outbound transferSource 4 |
| Transfer remaining securities on closure | VND5 per 10 shares | Separate from account-closure chargeSource 4 |
| Transfer to settle a securities sale | VND0.3 per security; cap VND300,000 per transfer per code | A settlement row, not the general outbound-transfer priceSource 4 |
| Physical securities withdrawal | VND100,000 per file | Separate serviceSource 4 |
At a glance13
Special ownership transfers
| Case | MBS schedule |
|---|---|
| Specified off-exchange transfer out | 0.22% of transaction value, minimum VND110,000; remittance costs may applySource 4 |
| Specified off-exchange transfer in | 0.11%, minimum VND110,000; remittance costs may applySource 4 |
| Gift or inheritance | 0.22%, minimum VND110,000, with stated close-family exceptionsSource 4 |
| Two MBS accounts, special off-exchange ownership transfer | Transferor 0.22% and recipient 0.11%, each subject to VND110,000 minimumSource 4 |
At a glance14
Blocking and rights services
| Service | Charge |
|---|---|
| Block listed securities at VSDC | MBS 0.22% of par value, minimum VND55,000 and maximum VND5.5m per contract; VSDC charge additionalSource 4 |
| Unblock listed securities | No MBS fee; applicable VSDC charge remainsSource 4 |
| Transfer subscription rights within MBS | VND55,000 per fileSource 4 |
| Transfer subscription rights to another firm | VND110,000 per fileSource 4 |
Platforms, instructions and order control
Sections ↑At a glance15
Platform capabilities
| Channel | Documented functions |
|---|---|
| MBS Mobile | Market data without login; authenticated trading and Dolphin toolsSource 7 |
| S24 web | Cash securities and derivatives, screening, market statistics and configurable workspaceSource 7 |
| Contact24 | Account information, trade-result checks, securities orders and money instructions under the registered serviceSource 7 |
At a glance16
Instruction and confirmation rules
| Situation | What the terms say |
|---|---|
| Accepted instruction channel | Written, telephone and electronic routes require the relevant registration and acceptanceSource 6 |
| Check an order | Use S24, MBS Mobile, Contact24 or the assigned dealer to verify statusSource 6 |
| Repeat an uncertain instruction | Duplicate instructions can be treated separately; check the first order before trying againSource 6 |
| Trade-result objection | The terms specify a 24-hour objection window for the trade-result noticeSource 6 |
Contact24 provides telephone dealing and account information under its authentication and service terms. For a disputed instruction, retain the order reference, time and error message.[7][6]
At a glance17
Electronic-service security
| Control | Effect |
|---|---|
| Authentication | Username/password with PIN, OTP or other approved electronic authentication, depending on the serviceSource 6 |
| Suspected compromise | Notify MBS immediately so electronic access can be stopped or credentials resetSource 6 |
| Service restriction | Maintenance, security concerns and expired authentication arrangements can interrupt accessSource 6 |
| Electronic evidence | Recorded instructions, electronic records and telephone recordings may evidence transactionsSource 6 |
Cash movement and availability
Sections ↑At a glance18
Cash-management arrangements in the agreement
| Arrangement | How it differs |
|---|---|
| Dedicated broker client-cash bank account | MBS administers the cash under the agreed arrangementSource 6 |
| Client bank settlement account | The bank can block and debit funds under the settlement authorizationSource 6 |
| Custodian-bank arrangement | The agreement distinguishes clients whose cash is managed by their custodian, rather than by MBSSource 6 |
At a glance19
Cash-transfer charges
Withdrawable cash excludes amounts committed to settlement, financing, third-party claims or legal restrictions.[6][4]
Legal status and asset safeguards
Sections ↑At a glance20
Regulatory and clearing record
| Record | Verified detail |
|---|---|
| SSC establishment and operating licence | 116/GP-UBCK, 9 December 2013Source 9 |
| Latest licence amendment shown by VSDC | 63/GPĐC-UBCK, 1 June 2026Source 9 |
| VSDC member | 004, direct derivatives clearing member; status shown as normalSource 9 |
| Clearing certificate amendment | 07/GCNTVBTPS-12, 10 June 2026Source 9 |
At a glance21
Asset ownership and limits
| Point | Consequence |
|---|---|
| Customer assets | The agreement recognises the client’s ownership of account cash and securitiesSource 6Source 10 |
| Broker insolvency or licence withdrawal | The agreement refers account treatment to applicable Vietnamese lawSource 6Source 10 |
| Bank-group connection | MB Group membership does not itself promise repayment of an investment lossSource 6Source 10 |
| Margin and unpaid obligations | Assets remain subject to agreed settlement and collateral rightsSource 6Source 10 |
Support and complaints
Sections ↑At a glance22
Contact routes
The contract contains short notification periods: besides its trade-result objection clause, it asks for written service complaints and supporting evidence within two working days in the relevant provision. Send a dispute promptly and preserve records; these contractual provisions should not be read as a statement that statutory rights disappear automatically. Unresolved disputes follow the agreement’s Vietnamese-law and court provisions.[6]
Research, records and optional services
Sections ↑At a glance23
Dolphin tools
| Tool | Documented role | Client use |
|---|---|---|
| Dolphin Research | Stock and sector analysis, capital-flow analysis and investment suggestions | Research to inform the client’s decisionSource 8 |
| Dolphin AI | Questions about markets, stocks, companies and account-service information in MBS Mobile | Market, company and account-service informationSource 8 |
At a glance24
Historical statements and confirmations
| Document | Charge |
|---|---|
| Cash or securities statement, 1–2 years old | VND30,000 for up to two copies; VND5,000 each additional copySource 4 |
| Statement older than two years | VND50,000 for up to two copies; VND5,000 each additional copySource 4 |
| Client-prepared balance confirmation | VND100,000 for up to three copies; VND20,000 each additional copySource 4 |
| MBS-prepared balance confirmation | VND50,000 for up to three copies; VND10,000 each additional copySource 4 |
At a glance25
Document-copy schedule
At a glance26
Notifications and telephone cost
| Service | Charge and scope |
|---|---|
| Basic SMS | VND8,800 per account per month: cash movements and dividend/rights noticesSource 4 |
| Advanced SMS | VND33,000 per account per month: basic notices plus opening cash, buying power and securities balancesSource 4 |
| Contact24 registration | FreeSource 4 |
| Call charge | Network charge of VND1,000 per minute in the posted scheduleSource 4 |
Company identity
Sections ↑At a glance27
Entity and brand
| Item | Detail |
|---|---|
| Legal entity | MB Securities Joint Stock CompanySource 10Source 7 |
| Historical name | Thang Long SecuritiesSource 10Source 7 |
| Group relationship | Established by Military Commercial Joint Stock Bank and part of MB GroupSource 10Source 7 |
| Website and dealing site | mbs.com.vn; S24 at s24.mbs.com.vnSource 10Source 7 |
- Headquarters
- Vietnam
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
MB Securities Joint Stock Company
VietnamSource 9
No separate licence entry is recorded in this panel.
What changes the decision
Sections ↑At a glance28
Match the service to the intended use
| Use case | Decisive point |
|---|---|
| Independent stock investor | Compare the 0.08% route with MD24 or assigned-broker service before enrolmentSource 1Source 3Source 5Source 4 |
| Bond investor | Use the March 2026 tariff for its covered transactions and assess issuer/liquidity riskSource 1Source 3Source 5Source 4 |
| Frequent futures trader | Model broker, exchange, clearing and monthly collateral costs togetherSource 1Source 3Source 5Source 4 |
| Investor transferring out | Non-closing transfers and closing-account transfers have different fee basesSource 1Source 3Source 5Source 4 |
Sources & further reading
- MBS equity brokerage tariff MB Securities (MBS) · Accessed 29 Oct 2026
- MBS English fee schedule MB Securities (MBS) · Accessed 27 Oct 2026
- MBS bond tariff effective 16 March 2026 MB Securities (MBS) · Accessed 29 Oct 2026
- MBS custody, transfers, account closure and document charges MB Securities (MBS) · Accessed 27 Oct 2026
- MBS listed derivatives commissions and clearing charges MB Securities (MBS) · Accessed 27 Oct 2026
- MBS account and electronic-service terms, effective 22 June 2026 MB Securities (MBS) · Accessed 27 Oct 2026
- MBS Mobile, S24 and Contact24 services MB Securities (MBS) · Accessed 27 Oct 2026
- MBS Dolphin Research and Dolphin AI functions MB Securities (MBS) · Accessed 27 Oct 2026
- VSDC member 004: MB Securities Vietnam Securities Depository and Clearing Corporation · Accessed 27 Oct 2026
- MBS company history and MB Group relationship MB Securities (MBS) · Accessed 27 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.