📅 ✔ Facts checked 13 Sep 2026 on official sites

Buying fund certificates: Fmarket or Tikop?

The two most popular Vietnamese apps for open-end funds and small-ticket saving. Compare licences, fund range, fees, minimums, where your money sits, tax and withdrawals. Every figure comes from the official sites, with source links.

See the comparison How to open an account

Quick answer: Fmarket or Tikop?

To buy open-end funds directly under a clear legal framework: Fmarket. To save small amounts with 24/7 withdrawals and accept an intermediary model: Tikop. Fmarket is run by Fincorp under SSC fund-distribution licence 01/GCN-UBCK of 2 April 2018, aggregates about 60 funds from 26 managers, starts at VND 100,000 and routes purchase money straight to the fund’s supervisory-bank account. Tikop is run by Techlab since 2020, has over 1.5 million users, starts at VND 50,000, and offers accumulation plans targeting 4.6–7.5% p.a. (a business-cooperation contract, profits taxed at 5%) plus fund packages; Tikop’s site cites no SSC fund-distribution licence.

Five numbers to remember

60+open-end funds on Fmarket26 fund managers, Aug 2025

100.000 đFmarket minimum per orderpaid straight to the fund

50.000 đTikop minimumaccumulation and investing

4,6–7,5%Tikop accumulation target returnper year, not guaranteed

5%tax on accumulation profitwithheld by Tikop at payout

Detailed comparison

Bracketed numbers refer to the sources below.

Criteria	FFmarket	TTikop
Operator	Fincorp JSC, BRN 0314127430 (HCMC, 23 Nov 2016) [1]	Techlab Technologies JSC, BRN 0109175223 (Hanoi, 7 May 2020) [6]
Licence	SSC fund-distribution licence 01/GCN-UBCK, 2 Apr 2018; named outstanding distributor 2025 by VSDC SSC-licensed [1]	Site cites no fund-distribution licence; describes itself as a tech platform connecting to licensed institutions [7]
Products	Open-end funds (equity, bond, balanced, money market), gold [2]	No-term and fixed-term accumulation; fund packages (Safe, Challenge, Risk, Flexible); stocks [8][9]
Fund range · partners	About 60 funds (Aug 2025) from 26 managers: Dragon Capital, VinaCapital, SSIAM, VCBF, Mirae Asset… [3][4]	No specific fund or partner list published on the site [7]
Minimum	100.000 đ [1]	50.000 đ [6]
Platform fee	No separate fee listed on pages read; fund-level fees apply	100% platform-fee waiver on accumulation from 1 Nov 2025; fund packages: 0% platform fee, fund fees apply [8][10]
Where your money sits	Paid directly into the fund’s account at its supervisory bank; on redemption the supervisory bank pays you back No intermediary [1]	Accumulation: business-cooperation contract with Techlab, placed in CDs, deposit contracts and bank paper; funds: Tikop places buy/sell orders, assets held at independent supervisory banks (per Tikop) [8][7][11]
Advertised returns	Per fund NAV, not guaranteed	Accumulation: 4.6% p.a. (no term) to 7.5% p.a. (5 months) targets; fund packages: ~7%, ~26%, ~41% average p.a. as advertised, not guaranteed [8][9]
Tax	0.1% of sale value on redemption, like securities see rules	5% PIT on accumulation profit (investment income), withheld by Techlab at payout [11]
Withdrawals	Redeem on each fund’s trading day; paid by the supervisory bank	24/7, usually 1–3 minutes; one registered bank account only; early exit forfeits return [10][8]
Recurring investing	Yes, one recurring order a month plus flexible top-ups [5]	Automatic saving feature [12]
Users	300.000+ [1]	1.500.000+ [6]
Support	1900 571 299 · hello@fmarket.vn · 8h30–17h T2–T6 [1]	1900 88 68 57 · hotro@tikop.vn · 8h–18h T2–T6 [6]
Best for	People who want to pick funds by NAV and history under a clear legal framework	Small savers who need flexible withdrawals and accept intermediary risk
Get the app	fmarket.vn	tikop.vn

Where does your money go?

The most important difference between the two models.

FFmarket · licensed distributor

Per Fmarket’s home page: when buying, the investor transfers money directly to the fund’s account at the supervisory bank; when selling, the supervisory bank pays the proceeds to the investor’s bank account.

You→Fund account at supervisory bank→Fund manager invests

Fmarket only places orders and reports; it never holds your cash. You own fund units in your own name at VSDC.

TTikop · intermediary platform

Per Tikop’s support pages: accumulation is a business-cooperation contract with Techlab; money is placed in certificates of deposit, deposit contracts and bank paper. For fund units, Tikop places buy/sell orders on your behalf.

You→Techlab (business-cooperation contract)→CDs, bank paper, funds

Not a bank deposit and not covered by deposit insurance. Target return, not guaranteed; 5% tax on profit.

Pros and cons

FFmarket

The first SSC-licensed fund aggregator (2018), 300,000+ users and over VND 6 trillion traded, per its site.

Pros

SSC distribution licence; money goes straight to the fund’s supervisory-bank account
About 60 funds from 26 managers, NAV and history comparable in-app
Monthly recurring investing from VND 100,000
Gold available too

Cons

No short-term savings-style product
Redemptions wait for the fund’s trading day and bank payout
Fund fees vary and must be checked per fund in-app

Go to Fmarket See the guide

TTikop

Techlab’s fintech app (2020), 1.5 million+ users, from VND 50,000, deposits and withdrawals 24/7.

Pros

From VND 50,000, withdrawals 24/7 usually within 1–3 minutes
No-term and fixed-term plans up to 5 months, platform fee waived since 1 Nov 2025
Savings, funds and stocks in one app
States ISO 27001 and PCI DSS security standards

Cons

No SSC fund-distribution licence cited; accumulation is a contract with Techlab, not a bank deposit
Returns are targets, not guarantees; 5% tax withheld; early exit forfeits return
No full fund list, partner list or fee schedule on the site

Go to Tikop See the guide

How to open an account and buy for the first time

Both are free to open, with chip-ID eKYC.

Buying an open-end fund on Fmarket

One account to buy funds from every partner manager.

Install the Fmarket app (iOS/Android) or go to fmarket.vn
Register with your phone number and email.
Complete eKYC
Photograph both sides of your ID and a selfie; add the bank account for redemptions.
Pick a fund
Filter by type (bond, equity, balanced, money market), check the NAV chart and the fund’s fee table.
Place a buy order from VND 100,000
Choose a one-off (flexible) or monthly recurring purchase.
Transfer to the fund’s supervisory-bank account
Use the account number and transfer note shown in the app; never to Fmarket itself.
Order matches on the fund’s trading day
Units are recorded in your name at VSDC; on redemption the supervisory bank pays your registered account.

You need

Valid chip citizen ID
Bank account in your name
From VND 100,000

Tips

Beginners usually start with a bond or money-market fund
Check redemption fees by holding period before buying

Go to Fmarket

Saving and investing on Tikop

Free registration, deposits and withdrawals 24/7.

Install the Tikop app (iOS/Android)
Register with your phone number, set a password and a withdrawal OTP.
Complete eKYC and register a bank account
Each Tikop account links to exactly one bank account in your name for withdrawals.
Choose a plan
No-term accumulation (4.6–5.4% p.a. target) or 1-week to 5-month terms (6.1–7.5% p.a.); or the Safe, Challenge, Risk or Flexible fund packages.
Deposit from VND 50,000
Transfer as instructed in the app.
Track and withdraw
Withdrawals process 24/7, usually landing in 1–3 minutes. Early exit from fixed-term plans forfeits the return; 5% PIT is withheld on profit.

You need

Chip citizen ID
One bank account in your name
From VND 50,000

Caution

Accumulation is not a bank deposit and has no deposit insurance
Target returns are not guarantees

Go to Tikop

Frequently asked questions

What is the difference between Fmarket and Tikop?

Fmarket (Fincorp) is a fund distributor licensed by the State Securities Commission (licence 01/GCN-UBCK, 2 Apr 2018) aggregating about 60 open-end funds from 26 fund managers; your purchase money goes straight to the fund’s account at its supervisory bank. Tikop (Techlab, 2020) is a fintech app connecting users to financial institutions: it offers “accumulation” plans with target returns of 4.6–7.5% p.a. under a business-cooperation contract, plus fund packages; Tikop’s site does not cite an SSC fund-distribution licence.

What is the minimum to invest?

Fmarket lets you invest from VND 100,000 per order. Tikop starts at VND 50,000 for accumulation and investment packages.

Is Tikop “accumulation” a bank deposit?

No. Per Tikop’s support pages, accumulation is a business-cooperation contract with Techlab; the money is placed in certificates of deposit, deposit contracts and bank or financial-institution paper. Returns are targets, not guarantees, and 5% personal income tax is withheld on profits. Early withdrawal from a fixed-term plan forfeits the return.

Does Fmarket charge fees?

On the official pages we read, Fmarket lists no separate platform fee; investors pay each fund’s subscription, redemption and management fees, shown in the app when ordering. Tikop states a 100% platform-fee waiver on accumulation products from 1 Nov 2025.

How long do withdrawals take?

Tikop processes accumulation withdrawals 24/7, with bank transfers usually landing in 1–3 minutes, to one registered bank account in your name. For open-end funds on Fmarket, sell orders match on each fund’s trading day and the supervisory bank pays out to your account, typically within a few working days.

Sources

Checked 13 Sep 2026. Source pages are in Vietnamese.

Fmarket – Home page: licence 01/GCN-UBCK, 60+ funds, 300,000+ users, VND 100,000 minimum, supervisory-bank money flow, hotline: fmarket.vn
Fmarket – Fund list and categories: fmarket.vn/danh-sach-quy
Fmarket – Buying guide, “nearly 60 fund products” (Aug 2025): fmarket.vn
Fmarket – 26 partner fund managers: fmarket.vn/doi-tac
Fmarket – Recurring-investment FAQ: fmarket.vn
Tikop – Home page and terms: Techlab, BRN 0109175223, 1,500,000+ users, from VND 50,000, hotline: tikop.vn, tikop.vn/dieu-khoan-su-dung
Tikop – “Is Tikop safe”: connection model, supervisory-bank custody, ISO 27001/PCI DSS: tikop.vn/ho-tro
Tikop – Accumulation products: 8 plans, target returns, fee waiver from 1 Nov 2025, 24/7 withdrawals: tikop.vn/tich-luy
Tikop – Investment products: fund allocation, Safe/Challenge/Risk/Flexible packages: tikop.vn/dau-tu
Tikop – Withdrawals: no limit on count, one bank account, 5% tax: tikop.vn/ho-tro
Tikop – Why 5% PIT: business-cooperation contract, Circular 111/2013/TT-BTC: tikop.vn/ho-tro
Tikop – Automatic saving: tikop.vn/blog

How to read the numbers: all figures come from the official Fmarket and Tikop sites on 13 Sep 2026 and may change. Fund returns and Tikop’s target returns are not guarantees. For information only, not investment advice.