Techcom Securities

What Techcom Securities does

Techcom Securities Joint Stock Company (TCBS) is a Vietnamese wealth management and investment banking firm operating as the capital markets arm of Techcombank, Vietnam's leading commercial bank. Founded in 2008 and authorized for online trading services in 2015, TCBS conducts securities business across brokerage, margin lending, bond distribution, investment fund distribution, covered warrant issuance, IPO underwriting, and corporate finance advisory. The company serves individual retail investors (including a network of 97,000 clients referred by 13,000+ iWealth Partners) and institutional clients (banks, insurance firms, asset managers) entirely within Vietnam. TCBS listed on the Ho Chi Minh Stock Exchange on October 21, 2025 at a ~$4.09 billion valuation, becoming the largest listed securities company in Vietnam by market capitalization, and has been Vietnam's most profitable securities firm for six consecutive years (2019-2024).

TCBS operates a digital-first WealthTech platform centered on TCInvest, which unifies trading across stocks, bonds, derivatives, covered warrants, and funds under a single login. The product suite spans 18+ sub-brands including iStock (zero-fee equity trading), iBond (corporate bonds with Techcombank-guaranteed variants), iFund and Fundmart (27 third-party funds plus four proprietary funds: TCBF, TCEF, TCFF, TCFIN), iFuture (derivatives), TCWealth (Vietnam's first robo-advisor), TCAnalysis (analytics covering 1,350+ listed companies), iCopy (social/copy-trading), iTracker (automated strategies), iConnect (bond trading marketplace), and iXu (blockchain-secured loyalty points). The platform runs on AWS Graviton-based EC2 instances orchestrated through Amazon Elastic Kubernetes Service, achieving up to 30% compute cost reduction with 47% of compute and 50% of database footprint migrated.

The business model monetizes primarily through margin lending interest income, bond brokerage and distribution fees, fund distribution commissions, covered warrant issuance, IPO services, and institutional investment banking — rather than retail trading commissions, which are zero-fee for all customers since January 2023. Distribution is fully digital (TCInvest platform, mobile app) supplemented by the iWealth Partner referral network; institutional clients are served through a dedicated relationship team. In 2026 the company secured a $488 million syndicated loan (the largest ever for a Vietnamese securities firm) and a $50 million DEG convertible loan, and is pursuing a digital assets / digital gold platform license to extend the product surface.

Name

Techcom Securities

Legal name

Techcom Securities Joint Stock Company (Công ty Cổ phần Chứng khoán Kỹ Thương)

Website

https://tcbs.com.vn

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

251–500 employees

Short description

Techcom Securities (TCBS) is the capital markets and wealth management subsidiary of Techcombank, providing brokerage, margin lending, bond and fund distribution, derivatives trading, and investment banking services to Vietnamese retail and institutional investors through the digital-first TCInvest platform.

Ownership category

akta.pro rank

Product category

Securities Brokerage

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Portfolio Management and Investment Advice (523940)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

High-Net-Worth & Private Wealth Digital Platforms (Digital Private Banking) (FSAGAEAI)

Keywords

• Securities brokerage
• Wealth management
• Online trading
• Investment banking
• Margin lending

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Brokerage Commissions: Transaction-based fees on stock, derivative, covered warrant, and listed fund certificate trades. Zero Fee program provides commission-free trading for stocks, derivatives, covered warrants, and listed fund certificates since January 2023, with revenue generated through other services. Standard trading fee is 0.15% for clients referred by iWealth Partners.
2. Margin Lending: Interest income from margin loans to investors. Offers flexible Margin T+ with rates from 0%/year and Marginsure product that reduces rates by 3% when closing price falls below cost basis.
3. Bond Trading & Distribution: Brokerage and distribution of corporate bonds through iBond product lines (iBond Protect, iBond ProS, iBond ProX) and iConnect secondary market trading. Provides liquidity guarantee through iConnectPro brokerage service.
4. Investment Fund Distribution: Distribution of open-ended funds (TCBF, TCEF, TCFF, TCFIN) and ETFs with management fees shared with distribution partners. Also distributes funds from 10 asset management companies through Fundmart platform.
5. Covered Warrant Issuance: Issuance of covered warrants (CWs) on leading stocks with terms of 6 and 12 months, generating underwriting and trading fees.
6. IPO Services: Online IPO subscription through iPO platform enabling retail investors to participate in public offerings with digital processing.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Techcom Securities (TCBS) is a Vietnamese securities firm operating the TCInvest digital WealthTech platform, offering zero-fee trading in stocks, derivatives, covered warrants, and listed fund certificates, alongside bond trading, investment fund distribution, margin lending, IPO subscription, and investment banking services. It also operates Vietnam's first robo-advisor (TCWealth) and social investing platform (iCopy), serving both individual retail investors and institutional clients as a subsidiary of Techcombank.

Product overview

Techcom Securities (TCBS) operates as a comprehensive WealthTech platform offering an integrated ecosystem of investment products and services. The core platform TCInvest serves as the unified interface for all investment activities, supported by specialized sub-brands including iStock (equity trading with zero-fee, margin lending, and social investing via iCopy), iBond (corporate bonds with Techcombank-guaranteed and flexible-term options), iFund (investment funds including ETFs and open-ended mutual funds), and iFuture (derivatives). Additional capabilities include TCWealth (Vietnam's first robo-advisor), TCAnalysis (market analytics for 1,350+ companies), iTracker (automated portfolio strategies), iConnect (bond trading marketplace), and Fundmart (multi-fund platform). The ecosystem also includes social investing (iCopy/iTrader), IPO participation (iPO), financial planning (iPlan), and loyalty programs (iXu, iLucky). The company serves individual and institutional investors through cloud-based platforms with AI-powered personalization and analytics.

Differentiator

Problem solved

Functional benefit

Brands

• TCInvest: Comprehensive investment management and trading platform, Vietnam's first designed specialized wealth management platform
• TCWealth
• iBond
• iConnect
• iCopy
• iTrader
• iPower
• iPlan
• iTracker
• iPO
• iXu
• iWealth Club
• iWealth Partner
• Fundmart
• AllConnect
• TCAnalysis
• Micro Saving
• Zero Fee
• iLucky

Products and services

• TCInvest Platform Comprehensive investment management and trading platform serving as the primary interface for individual investors to access stocks, bonds, derivatives, covered warrants, and investment funds in Vietnam. Single login covers all investment products with real-time market data, TCAnalysis, and AI assistant integration.
• iStock (Stock Trading) Equity trading offering with zero-fee trading on stocks, margin lending (Margin T+ flexible rates from 0%/year), social investing via iCopy, and the iTrader program for talented investors showcasing strategies.
• iBond (Bond Investment) Corporate bond investment platform with multiple products: iBond Protect (Techcombank-guaranteed principal and interest), iBond ProS (2-3 year flexible terms), and iBond ProX (with TCBS brokerage support for issuer default).
• iFund (Investment Funds) Investment fund platform providing access to ETFs (including FUETCC50 VN50 ETF) and open-ended mutual funds including Techcom Bond Fund (TCBF), Techcom Equity Fund (TCEF), Techcom Flexible Balanced Fund (TCFF), and Techcom Bank and Finance Equity Fund (TCFIN).
• iFuture (Derivatives Trading) Derivatives trading platform for futures contracts and derivative instruments on the Vietnamese market with zero-fee trading available under the Zero Fee program.
• TCWealth (Robo Advisor) Vietnam's first robo-advisor providing personalized financial planning and automated portfolio optimization based on risk appetite, financial goals, and user behavior.
• TCAnalysis Comprehensive market analysis system providing detailed analytics and one-click reports for over 1,350 listed companies, with market monitoring tools (MarketWatch, StockWatch, BondWatch).
• iCopy (Social Investing) Vietnam's first social investing platform enabling retail investors to follow and automatically copy trading strategies from talented investors (iTraders).
• iTracker Smart investment strategy tool that automatically selects and rebalances portfolios based on pre-defined principles, similar to ETFs with periodic rebalancing.
• iConnect (Bond Trading) Bond trading system enabling peer-to-peer bond transactions between retail and institutional investors with liquidity guarantee brokerage services (iConnectPro).
• Fundmart Fund trading system offering access to 27 investment funds from 10 asset management companies including Techcom Capital, Vina Capital, and VCBF.
• TCBS Covered Warrants Covered warrants issued by TCBS on leading market stocks with flexible terms of 6 or 12 months, providing leveraged investment opportunities.
• iPO (Online IPO Subscription) Online IPO subscription feature enabling investors to participate in initial public offerings directly through the TCInvest platform.
• iPlan (Financial Planning) Financial planning tool enabling automated investment plans including stable income schedules and bond coupon reinvestment into Techcom Bond Fund.
• iXu (Loyalty Points) Blockchain-based loyalty points system that rewards transactions and can be redeemed for cash at 1 iXu = 1,000 VND.
• iPower (Cash Management) Cash management feature providing daily interest (up to 6.0% p.a.) on idle cash balances based on account balance and trading volume.
• iWealth Partner Program Client referral partner program enabling individuals to earn commissions by referring clients for stocks (100% net fee), bonds (up to 0.8%), margin lending (1%/year), and investment funds.
• iWealth Club Investment club connecting investors interested in securities, bonds, and funds with access to market trends, expert analysis, and portfolio management guidance.
• AI Assistant (Mập Thông Thái) AI-powered conversational assistant integrated into TCInvest providing support for finance, legal, and digital assets queries.

Quantifiable outcome

• Up to 30% reduction in compute costs through AWS Graviton migration
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature7 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• TechcombankflagshipStrategic or Co-development PartnerTechcom Securities is a subsidiary of Techcombank, Vietnam's leading commercial bank with 18+ million customers. The bank launched TCBS as part of its integrated financial ecosystem spanning banking, wealth management, insurance (Techcom Life), and capital markets. TCBS benefits from Techcombank's brand credibility, customer base, and distribution network.
• Amazon Web Services (AWS)coreTechnology or IntegrationTCBS migrated containerized workloads to AWS Graviton-based Amazon EC2 instances using Amazon Elastic Kubernetes Service, achieving up to 30% reduction in compute costs and 18% reduction in EC2 unit costs. Currently runs 47% of compute workloads and 50% of database footprint on Graviton with plans for 90%.
• Techcom LifecoreStrategic or Co-development PartnerTechcom Life emerged as a top-five player in Vietnam's life insurance market with market share rising from 7.08% to 8.3%, surpassing Prudential and Manulife. Part of Techcombank's integrated financial ecosystem alongside TCBS.
• Reinsurance Group of America (RGA)coreStrategic or Co-development PartnerTechcom Life Insurance and Reinsurance Group of America announced a strategic partnership on March 30 to support Vietnam's life insurance market recovery and growth.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Others

• Saxo Markets (Saxo Bank): Global multi-asset brokerage and wealthtech platform offering trading, robo-advisory, and institutional services. Comparable in combining securities trading with digital wealth tools, but operating at global rather than single-country scale.

Direct peers

• HSC (Ho Chi Minh City Securities Corporation): One of the longest-established Vietnamese securities firms with full-service brokerage, investment banking, and asset management. Directly comparable in product mix and target customer base to TCBS.
• Mirae Asset Securities Vietnam: Vietnamese subsidiary of Korean brokerage Mirae Asset, providing retail and institutional brokerage, derivatives, and investment banking. Comparable digital-first brokerage focus and product breadth.
• KIS Vietnam Securities: Korea Investment & Securities' Vietnamese arm offering full-service brokerage and wealth management. Comparable in targeting Vietnamese retail investors with international backing and digital platforms.
• VNDirect Securities: Major Vietnamese securities firm offering stock brokerage, margin lending, investment funds, and digital trading platforms. Competes head-to-head with TCBS for retail investors and institutional clients in Vietnam.
• SSI Securities (Saigon Securities Inc.): Vietnam's largest securities firm by market cap prior to TCBS's October 2025 listing. Directly competes in brokerage, wealth management, and investment banking across the same retail and institutional customer base.
• VPBank Securities (VPBankS): Securities arm of VPBank and fellow 2025 Vietnamese financial-sector IPO. Comparable in parent-bank ecosystem distribution model and focus on retail brokerage, margin lending, and digital wealth.

Regional players

• Tiger Brokers (UP Fintech Holding): Asia-focused online brokerage operating across Singapore, Hong Kong, Australia, and the US. Comparable digital-first, low-fee brokerage model targeting retail investors, though geographically distinct from TCBS.

Broad incumbents

• Techcombank (parent): Vietnam's leading commercial bank with 18M+ customers and parent of TCBS. Provides distribution, brand, and funding ecosystem — operationally distinct but strategically intertwined with TCBS's wealth management roadmap.

Emerging players

• StashAway: Digital wealth management and robo-advisory platform operating across Southeast Asia including Vietnam-adjacent markets. Comparable to TCBS's TCWealth robo-advisor in targeting mass-affluent investors with algorithm-driven portfolio management.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/tcbs_vn
• YouTubeyoutube.com/@TechcomSecurities
• Facebookfacebook.com/TechcomSecurities
• LinkedInlinkedin.com/company/techcom-securities

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Techcom Securities