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📅 ✔ Facts checked 13 Sep 2026 on official schedules
TCBS

Review: TCBS 2026: fees, margin, account opening

Techcom Securities JSC (TCBS) · TCX · HOSE · DauTuVN score 8.7/10. Every figure comes from the official fee schedule, with sources at the bottom.

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Quick answer: should you open an account at TCBS?

TCBS suits cost-focused investors and wealth accumulators. Techcombank’s brokerage (about 80% owned after the IPO), ticker TCX listed on HOSE on 21 Oct 2025 at a market value above VND 108 trillion, charter capital VND 23.1 tn. Zero Fee since 2023 waives brokerage on stocks, derivatives, warrants and fund certificates, collecting only the 0.03% exchange levy. Standard margin from 13.5% p.a.; first-time borrowers get Margin 789 at 7.89% p.a. for 180 days, VND 5 bn cap. Automated eKYC 24/7. No personal broker.

Five numbers to remember about TCBS

0%trading feeonly the 0.03% exchange levy
7.89%Margin 789 p.a.180 days, VND 5 bn cap; standard from 13.5%
9.36%HOSE share Q2 2026ranked #3
VND 108 tnmarket value at listingHOSE, 21 Oct 2025
24/7automated eKYCper official page

Fees and rates TCBS

Per the official schedule, checked 13 Sep 2026.

ItemTCBS
Stock trading fee0% (Zero Fee since 1 Jan 2023, no expiry); 0.03% collected for the exchange
Derivatives, warrants, fund certificates0% TCBS part; exchange and VSDC charges still apply
Standard marginFrom 13.5% p.a. (since 7 Feb 2025), 89-day term, standard limit VND 10 bn
New-customer marginMargin 789: 7.89% p.a. for first-time borrowers, 180 days, VND 5 bn cap, 200+ tickers (since 1 Jan 2026)
Other margin productsMargin T+ from 0% p.a. short-term; Marginsure cuts 3% p.a. on days the close is below cost
Cash advance0.042%/day (≈15% p.a.), secondary source
CustodyVND 0.27/share/month (VSDC rate)
WithdrawalsFree online transfers to banks, secondary source

Pros and cons

Editorial rating on fees · products · app · trust.

TCBSTCBS8.7/10

Techcombank Securities, ticker TCX, listed on HOSE on 21 Oct 2025 at a market value above VND 108 trillion. Broker-free model with zero brokerage since 2023.

Trading fee0% (+0.03% levy)
Standard marginFrom 13.5% p.a.
New-customer promo7.89% p.a. · 180 days
HOSE share9.36% (#3)

Pros

  • No brokerage on stocks, derivatives, warrants and fund certificates, no expiry
  • Margin 789: 7.89% p.a. for 180 days, VND 5 bn cap, 200+ tickers
  • Wealth ecosystem: iBond, iSave, TCBF fund, Marginsure cuts 3% off interest on losing days
  • Automated eKYC 24/7, instant transfers with a Techcombank account

Cons

  • No personal broker or advisory
  • Standard margin of 13.5% p.a. is no cheaper than rivals once the promo ends
Open a TCBS accountFull review →

How to open an account at TCBS

Free, with chip-ID eKYC.

Open a TCBS (Techcombank Securities) account online

Automated AI-based eKYC 24/7, as described on the official site. Fastest if you already bank with Techcombank.

  1. Download TCInvest or go to the account page on tcbs.com.vn

    Techcombank customers can also start from the Invest section of the Techcombank Mobile app.

  2. Enter phone, email and OTP

    Use the number registered with Techcombank to have your details pre-filled.

  3. Photograph your ID and pass face verification

    eKYC reads the data automatically; check name, date of birth and address.

  4. Link a bank account

    A Techcombank account gives instant deposits and withdrawals; other banks also work.

  5. Sign the e-contract with OTP

    Your account number arrives by email/SMS.

  6. Deposit and register Margin 789 if needed

    Scan a QR code in TCInvest. First-time margin borrowers get 7.89% p.a. for 180 days.

Current promotions

  • Zero Fee: no brokerage, only the 0.03% exchange levy
  • Margin 789: 7.89% p.a., 180 days, VND 5 bn cap, since 1 Jan 2026
  • Margin T+ from 0% p.a. for short-term loans

Tips

  • Open a Techcombank account too if you don't have one, for instant transfers
  • Park idle cash in iSave until you buy

Referral code

105CB86535
Enter it in the “Referral code” field on TCInvest when opening the account if it is not pre-filled.
QR code to open a TCBS account

Fastest: scan the QR code

Open your phone camera and scan to go straight to TCBS’s account-opening page with the referral code pre-filled.

Already on your phone? Tap the button below.
Go to TCBS account opening

Frequently asked questions about TCBS

Is TCBS really commission-free?

Yes. The official page states Zero Fee waives brokerage on stocks, derivatives, covered warrants and listed fund certificates, collecting only 0.03% to pay the exchange. In force since 1 Jan 2023 with no expiry. The 0.1% sales tax and custody fees still apply, as everywhere.

What is TCBS’s Margin 789?

A 7.89% p.a. rate for customers drawing margin at TCBS for the first time, up to VND 5 bn, for 180 days, since 1 Jan 2026 on 200+ tickers. After the promo the standard rate from 13.5% p.a. applies.

How do I open a TCBS account?

Install TCInvest or use the account page on tcbs.com.vn, enter phone and email, photograph your chip ID and pass face verification. The official page describes automated AI-based eKYC 24/7. A Techcombank account gives instant transfers.

Does TCBS have advisory brokers?

No. TCBS runs a broker-free model; customers trade themselves on TCInvest with in-app tools. In return, brokerage is zero.

Reviews of the other brokers

See the full comparison →

Read reviewVPSVPSVPS Review 2026: Fees, Margin, Market LeaderRead reviewSSISSISSI Review 2026: Fees, Margin, Account OpeningRead reviewDNSEDNSEDNSE Review 2026: 0% Fee, 12.5% Margin, VNeIDRead reviewMBSMBSMBS Review 2026: 0.08% Fee, 7.5% Margin, MBBank

Sources

Checked 13 Sep 2026. Source pages are in Vietnamese.

  1. TCBS – Zero Fee stock trading offer: tcbs.com.vn
  2. TCBS – Margin policy (13.5% p.a. since 7 Feb 2025): help.tcbs.com.vn
  3. TCBS – Margin 789 and eKYC onboarding: tcbs.com.vn
  4. TCBS – HOSE listing 21 Oct 2025, market value: dnse.com.vn
  5. TCBS – Charter capital VND 23,113 bn, Techcombank stake: vnexpress.net
  6. TCBS – HOSE market share Q2 2026: cafef.vn
How to read the numbers: fees and rates come from the official schedule, checked 13 Sep 2026 and subject to change. Items backed only by press reports are marked “secondary source”. Scores are DauTuVN’s editorial rating, not investment advice.