Thailand’s economy has been doing pretty well lately, mostly because the government’s money management is on point. Now, people living in Thailand can put their money in more stuff, like forex things such as contracts for difference, futures, and options. Forex trading is legal there, but there are some rules when it involves the Thai baht.
Most Thai people who trade forex do it with foreign companies that aren’t under Thailand’s rules. That’s because there aren’t many Thai forex companies around right now. Lately, a lot of foreign companies have been trying to get into the Thai market, which makes it hard for people to tell which ones are good and which ones are shady.
Hopefully, our list of forex companies in Thailand that you can trust will help you find the right one. We used our own research and tried out real trading accounts to make this list. Our team looked at a bunch of things, like prices, how much it costs to borrow money, the trading software they use, which forex pairs you can trade, and how trustworthy they seem overall.
74-89 % of retails CFD accounts lose money
73.85 % of retails CFD accounts lose money
59.57 % of retails CFD accounts lose money
Trading leveraged product is risky
74-89% of retails CFD accounts lose money
75.5 % of retails CFD accounts lose money
The vast majority of retail client accounts lose money
74 % of retails CFD accounts lose money
Forex Broker | Trustpilot Reviews | |
3,921 | ||
10,596 | ||
293 | ||
3,072 | ||
1,095 | ||
6. Vantage FX | 8,593 | |
8,058 | ||
8. Admirals | 1,998 | |
2,473 | ||
865 | ||
Forex Broker | EURUSD | USDJPY | EURGBP | GBPUSD |
1. Admirals | 0.9 | 1.2 | 1 | 1.1 |
1.01 avg (Classic) | 1.17 avg (Classic) | 1.29 avg (Classic) | 1.14 avg (Classic) | |
0.96 avg (Standard) | 1.47 avg (Standard) | 1.19 avg (Standard) | 1.12 avg (Standard) | |
1.43 | 1.60 | 0.1 (MT4) 1.3 (MT5) | 2.03 | |
0.85 av.spread | 1.97 av.spread | 1.40 av. spread | 1.40 av.spread | |
1.2 | 0.9 | 1.0 | 1.3 | |
0.8 | 0.8 | 1.5 | 0.8 | |
1.00 (min) | 1.0 | 1.2 | 1.00 (min) | |
0.8 | 1.3 | 1.2 | 1.2 | |
10. Vantage FX | 0.0 (Raw ECN) | 0.4 (Raw ECN) | 0.3 (Raw ECN) | 0.5 (Raw ECN) |
Forex Broker | Commission per lot |
$0 | |
$0 Standard Account; $18 Live Zero Fixed Spread; $10 STP/ECN Zero Spread; $6 STP/ECN Zero Spread Professional | |
$0 (Standard Account), $7 round-turn (Razor Account) | |
$0 | |
$3 per side on Raw; $1.50 per side on Pro | |
$0 Classic Account, $4.50 round turn on Zero Account | |
$3 per lot | |
$0 Standard Accounts; $7 round turn on Raw Accounts | |
$0 on Standard Account; $3.5 per side on Raw+ and Elite Accounts | |
$0 Ultra Low Micro and Ultra Low Standard Accounts; $3.50 per side XM Zero Account |
Important Note: The Securities and Exchange Commission (SEC) keeps an eye on forex trading in Thailand. Since Thailand doesn’t have many local forex brokers, traders there often use foreign companies. If you live in Thailand, make sure your broker is regulated by a top-notch financial authority, so you don’t get scammed.
Fusion Markets Broker Details | |
Regulators | ASIC, FSA (Seychelles), VFSC (Vanuatu) |
Min Deposit | $0 |
Trading Platforms | MetaTrader4, MetaTrader5, cTrader, DupliTrade, Fusion+ Copy Trade, TradingView |
Trustpilot Rating | 4.7 out of 3,162 reviews |
Number of CFD Forex Pairs to Trade | 80+ |
Leverage | Forex & Metals CFDs: 1:30 (1:500 for forex and metals via VFSC) Index CFDs: 1:5 Cryptocurrencie CFDs: 1:2 (ASIC), 1:10 (FSA, VFSC) |
Spread | EURUSD: 1.01 avg (Classic) USDJPY: 1.17 avg (Classic) EURGBP: 1.29 avg (Classic) GBPUSD: 1.14 avg (Classic) |
Forex Commission per Lot per Trade | $0 Classic Account, $4.50 round turn on Zero Account |
Deposit Methods | Visa, Mastercard, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku, Bitcoin, Ethereum, Litecoin, USDT, Tether, Ripple, bank wire, ZotaPay, VNPay, DuitNow, XPay, DragonPay, VAPay, FasaPay, AstroPay, PayID, Jetonbank, Sticpay, Interac, LuqaPay, Zotapay, MiFinity |
Withdrawal Methods | Visa, Mastercard, Bank Wire, Skrill, Neteller,Bitcoin, Ethereum, Litecoin, Tether, Ripple, MiFinity, Interac, PayPal, AstroPay, Jetonbank, DragonPay |
Fusion Markets was started back in 2017 by a group of Australian traders who really knew their stuff. Since then, it’s become a go-to choice for traders around the world. While lots of brokers talk about low spreads, Fusion Markets has actually proven it—earning the “Lowest Spread Forex Broker” award from BrokerChooser four years in a row.
What really makes them stand out, though, is how affordable they are. The commission is just $2.25 per lot (that’s $4.50 for a full trade), which is great if you’re trying to keep your trading costs down.
They also take regulation seriously. Fusion Markets is licensed by a few major authorities, including ASIC in Australia (Licence No. 385620), the Seychelles FSA, and regulators in Vanuatu. If you’re trading under ASIC, you also get negative balance protection—so your losses can’t go beyond your account balance.
There’s no minimum deposit to get started, and they support popular platforms like MetaTrader 4, MetaTrader 5, and cTrader. On top of all that, they’ve got a 4.7 out of 5 rating on Trustpilot, with over 1,300 people leaving glowing reviews. Safe to say, they’ve built a solid reputation.
Global Prime Broker Details | |
Regulators | ASIC (No. 385620), VFSC (No. 40256) |
Min Deposit | $0 |
Trading Platforms | MT4, MT4 Webtrader, MT4 Android; for VFSC clients MT4, MT5, and GP Copy |
Trustpilot Rating | 4.6 out of 247 reviews |
Number of CFD Forex Pairs to Trade | 56 |
Leverage | Forex & Metals CFDs: 1:500 (1:30 for ASIC entity) Index CFDs: 1:100 (1:20 for ASIC entity) Cryptocurrencie CFDs: Up to 1:2 (ASIC); Up to 1:5 (Pro and VFSC) |
Spread | EURUSD: 0.96 avg (Standard) USDJPY: 1.47 avg (Standard) EURGBP: 1.19 avg (Standard) GBPUSD: 1.12 avg (Standard) |
Forex Commission per Lot per Trade | $0 Standard Accounts; $7 round turn on Raw Accounts |
Deposit Methods | Visa, Mastercard, PayPal, Skrill, Neteller, Gate8, Dragonpay, Fasapay, VNPay, Pagsmile, BPay, POLi, AstroPay, Bank Transfer, Interac, Perfect Money, PayID, Jeton, MiFinity, XPay, Crypto |
Withdrawal Methods | Mastercard, Visa, Local Bank Transfer, Bank Wire Transfer, Skrill, Neteller, AstroPay, PayPal, Dragonpay, Perfect Money, Jeton, Interac, Cryptocurrencies |
Global Prime has been offering low-cost, reliable trading services since 2010. It’s regulated by financial authorities in both Australia and Vanuatu, giving traders a level of oversight that adds confidence. The broker gives access to over 150 tradable instruments, including forex, indices, commodities, bonds, cryptocurrencies, and more than 50 currency pairs. For those using a raw spread account, major forex pairs can start at 0.0 pips, and most trades are executed in around 10 milliseconds.
If you’re trading through their ASIC-regulated branch, you’ll be using MetaTrader 4. However, those under VFSC regulation also get access to MetaTrader 5—and there are plans to support TradingView soon, which is great to see.
What helps Global Prime stand out is its smooth sign-up process, zero fees for deposits and withdrawals, and reliable 24/7 support. These features have earned it a solid 4.4 out of 5 on Trustpilot. That said, there’s still room for improvement. Currently, Global Prime doesn’t offer cent accounts or swap-free (Islamic) accounts, which may be a drawback for some traders. There’s also no compensation scheme in place to protect client funds, which is another area where the broker could do better.
BlackBull Markets Broker Details | |
Regulators | FSA (Seychelles) (No. SD045), FMA (No. FSP403326) |
Min Deposit | $0 (Standard) $2,000 (Prime) $20,000 (Institutional) |
Trading Platforms | MetaTrader4, MetaTrader5, TradingView, cTrader, MT WebTrader, BlackBull Shares, BlackBull CopyTrader, BlackBull Trade, BlackBull Invest, ZuluTrade |
Trustpilot Rating | 4.8 out of 1,876 reviews |
Number of CFD Forex Pairs to Trade | 70+ |
Leverage | Forex & Metals CFDs: 1:500 Index CFDs: 1:500 Cryptocurrencie CFDs: 1:500 |
Spread | EURUSD: 0.9 USDJPY: 1.2 EURGBP: 1.7 GBPUSD: 1.2 |
Forex Commission per Lot per Trade | $0 Standard; $6 per lot Prime; $4 per lot Institutional |
Deposit Methods | Visa, Mastercard, Neteller, Airtm, Skrill, Bank Transfer, HexoPay, American Express, POLi, Payment Asia, Help2Pay, FXPay, Fasapay, China Union Pay, Boleto, AstroPay, Beeteller, Bitcoin, Ethereum, Tether, Ripple, Litecoin, Bitcoin Cash, Chainlink, USD Coin, Stellar |
Withdrawal Methods | Visa, Mastercard, Bank Transfer, Airtm, Skrill, Neteller, American Express, POLi, HexoPay, Payment Asia, Help2Pay, FXPay, China Union Pay, Boleto, Fasapay, Beeteller, AstroPay, Bitcoin, Litecoin, Bitcoin Cash, Tether, Ripple, Stellar, Chainlink, Ethereum, USD Coin |
BlackBull Markets started back in 2014 and is a big player because they have tons of stuff to trade—around 26,000 different things! If you’re into forex, they’ve got you covered with over 70 currency pairs, from the majors to the more unusual ones. You can trade these using one of their three ECN account types: Standard, Prime, and Institutional. Plus, you can trade other things like commodities, stocks, indices, and futures there, too. This brokerage has licenses from the FSA (Seychelles) and the FMA. Their trading terms are not too bad, but what you pay depends on the account you choose. If you don’t want to pay any commission, go for the ECN Standard account. Spreads usually start around 0.8 pips, and there’s no minimum to deposit. Now, the ECN Prime and ECN Institutional accounts are better if you know your stuff and trade big volumes. Just a heads up, they charge higher commissions per lot on these accounts. If you’ve got a live account, you can add funds using cards, digital wallets, online banking, bank transfers, or even cryptocurrencies. Putting money in is free, but this brokerage is based in New Zealand and they charge a $5 fee for every withdrawal, no matter how you do it.
XM Group Broker Details | |
Regulators | CySEC (license no. 120/10), (ASIC) (ref. no. 443670), FSC Belize (license no. 000261/27), FSC of Mauritius (GB23202700), FSA Seychelles (SD190), DFSA (ref. no. F003484), FSCA (49976), Registrations for EU passporting: - BaFin, CNMV, MNB, CONSOB, ACPR, FIN-FSA (Finland), KNF, AFM, FI |
Min Deposit | $5 |
Trading Platforms | MetaTrader4, MetaTrader5, MT4 WebTrader, MT5 WebTrader, MT4 Multiterminal, XM App |
Trustpilot Rating | 3.8 out of 2,115 reviews |
Number of CFD Forex Pairs to Trade | 50+ |
Leverage | Forex & Metals CFDs: 1:30 Index CFDs: 1:20 Cryptocurrencie CFDs: 1:2 |
Spread | EURUSD: 0.8 USDJPY: 0.8 EURGBP: 1.5 GBPUSD: 0.8 |
Forex Commission per Lot per Trade | $0 Ultra Low Micro and Ultra Low Standard Accounts; $3.50 per side XM Zero Account |
Deposit Methods | Visa, Mastercard. Skrill, Bank Transfer, Neteller, Apple Pay, Google Pay, UnionPay, Maestro |
Withdrawal Methods | Visa, Mastercard, China Union Pay, Skrill, Neteller, Bank Transfer |
XM started back in 2009 and now has over 15 million customers because it gives online traders a great experience. People trust XM because of things like small spreads and good prices. Trading Point of Financial Instruments Ltd runs XM, and it’s watched over by big regulators like CySEC, ASIC, and FSA. Because of its CySEC license, XM can offer services in lots of EU countries, with registrations including BaFIN, CNMV, MNB, CONSOB, and KNF. XM works with MetaTrader 4 and MetaTrader 5 platforms, which you can get on the web, your computer, or your phone. They also have the XM App, which people like and you can find in the App Store and Google Play. It makes trading on your phone easy. They have different accounts like Demo, Standard, Micro, Ultra Low, Zero, Shares, and Islamic, but what’s available depends on where you are. You can trade over 1,400 things like Forex, Stock CFDs, Crypto, Commodities, and Indices. Most accounts only need $5 to start, and that’s also the least you can take out. The only exception is the XM Invest Account, where you need $10,000 to get started. It’s easy to pay because they take bank cards, e-wallets, and bank transfers to manage your XM balance.
Saxo Bank Broker Details | |
Regulators | FCA (No. 551422), FSA Denmark (No. 1149), MAS (No. 200601141M), ASIC (No. 32110128286), SFC Hong Kong (No. 1395901), FSA Japan (No. 0104-01-082810), Registered with CONSOB (no. 296) |
Min Deposit | $0 Classic $200,000 + Platinum $1,000,000 + VIP |
Trading Platforms | Proprietary, SaxoTraderGO, SaxoTraderPRO, TradingView, SaxoInvestor |
Trustpilot Rating | 3.7 out of 7,235 reviews |
Number of CFD Forex Pairs to Trade | 185+ |
Leverage | Forex & Metals CFDs: 1:30 Index CFDs: 1:20 Cryptocurrencie CFDs: 1:2 |
Spread | EURUSD: 1.2 USDJPY: 2 EURGBP: 3.1 GBPUSD: 1.6 |
Forex Commission per Lot per Trade | $3 per lot |
Deposit Methods | Visa, Visa Electron, Mastercard, Maestro, Bank Transfer, Quick Payment |
Withdrawal Methods | Bank Transfer |
IG Broker Details | |
Regulators | ASIC, FCA, DFSA, CFTC, FMA, FINMA, BaFin, MAS, JFSA, FSCA, BMA (Bermuda) |
Min Deposit | $0 |
Trading Platforms | MetaTrader4, L2 Dealer, ProRealTime, IG proprietary software, TradingView, |
Trustpilot Rating | 3.9 out of 7,895 reviews |
Number of CFD Forex Pairs to Trade | 100+ |
Leverage | Forex & Metals CFDs: 1:30 Index CFDs: 1:20 Cryptocurrencie CFDs: 1:2 |
Spread | EURUSD: 0.85 av.spread USDJPY: 1.97 av.spread EURGBP: 1.40 av. spread GBPUSD: 1.40 av.spread |
Forex Commission per Lot per Trade | $0 |
Deposit Methods | Visa, Mastercard, Bank Transfer, Wire Transfer, Visa Electron, Discover, PayPal, Apple Pay, BPAY |
Withdrawal Methods | Visa, Visa Electron, Mastercard, Discover, Bank Transfer |
IG is a broker you can trust. They’re watched over by regulators in a bunch of places like Australia, Singapore, Dubai, the UK, and the US. They let you trade in tons of markets without costing too much – stuff like forex, commodities, crypto, stocks, bonds, and indexes. If you know your stuff, you can also play around with options, bonds, and spread betting. You can even trade interest rates with them.
They don’t charge commissions on forex trades; they mainly make money from spreads. IG is mostly for folks who want to make money off price changes without actually buying anything. They give you lots of CFDs to work with. If you’re into forex, they have all sorts of tricky stuff like turbo warrants, vanilla options, contracts for difference, and barrier options.
IG’s own software is really good and makes trading easy, but you can also hook up to other platforms like MT4 and ProRealTime if you want. Both of those are good for automated trading. Getting money in and out of your account is free. You can use debit/credit cards, bank transfers, and PayPal. Just keep in mind that some of these might not be available where you live. Bank transfers don’t have a minimum deposit.
FxPro Broker Details | |
Regulators | FCA (No. 509956), CySEC (No. 078/07), FSCA (No.45052), SCB (No. SIA-F184), FSA (SD120) |
Min Deposit | $100 |
Trading Platforms | MetaTrader4, MetaTrader5, cTrader, FxPro Edge (proprietary) |
Trustpilot Rating | 4.3 out of 1098 reviews |
Number of CFD Forex Pairs to Trade | 70+ |
Leverage | Forex & Metals CFDs: 1:30 Index CFDs: 1:20 Cryptocurrencie CFDs: 1:2 |
Spread | EURUSD: 1.43 USDJPY: 1.60 EURGBP: 0.1 (MT4) 1.3 (MT5) GBPUSD: 2.03 |
Forex Commission per Lot per Trade | $0 on Standard Account; $3.5 per side on Raw+ and Elite Accounts |
Deposit Methods | Visa, Mastercard, Maestro, Domestic Bank Transfer, International Bank Transfer, Neteller, PayPal, Skrill, Union Pay, Broker-to-Broker Transfer |
Withdrawal Methods | Bank Transfer, Mastercard, Visa, Union Pay, Maestro, PayPal, Skrill, Neteller |
Iron FX Broker Details | |
Regulators | FCA (license no. 585561), FSCA (license no. 45276), CySEC (license no. 125/10) |
Min Deposit | $100 |
Trading Platforms | MetaTrader 4, WebTrader, VPS, PMAM, TradeCopier, Mobile App |
Trustpilot Rating | 3.1 out of 657 reviews |
Number of CFD Forex Pairs to Trade | 80+ |
Leverage | Forex & Metals CFDs: 1:30 Index CFDs: 1:20 Cryptocurrencie CFDs: 1:2 |
Spread | EURUSD: 1.2 USDJPY: 0.9 EURGBP: 1.0 GBPUSD: 1.3 |
Forex Commission per Lot per Trade | $0 Standard Account; $18 Live Zero Fixed Spread; $10 STP/ECN Zero Spread; $6 STP/ECN Zero Spread Professional |
Deposit Methods | Visa, Mastercard, Bank Wire, Skrill, Neteller, China Union Pay, Fasapay, Perfect Money, Bitwallet, Paysafecard |
Withdrawal Methods | Bank Wire |
FP Markets Broker Details | |
Regulators | ASIC, CySEC, FSA (Seychelles), FSCA, FSA (St. Vincent and the Grenadines), SCB (Bahamas) |
Min Deposit | $50 (AU$100) |
Trading Platforms | MetaTrader4, MetaTrader5, WebTrader, IRESS, cTrader, TradingView |
Trustpilot Rating | 4.9 out of 8,641 reviews |
Number of CFD Forex Pairs to Trade | 70+ |
Leverage | Forex & Metals CFDs: 1:30 Index CFDs: 1:20 Cryptocurrencie CFDs: Up to 1:2 (Retail); Up to 1:5 (Pro) |
Spread | EURUSD: 1.2 USDJPY: 1.4 EURGBP: 1.4 GBPUSD: 1.5 |
Forex Commission per Lot per Trade | $0 Standard Account; $6 round turn on Pro Account |
Deposit Methods | Visa, Mastercard, Neteller, Bank Transfer, Skill, Sticpay, Fasapay, Virtual Pay, Perfect Money, Pagsmile, Dragonpay, Crypto, Apple Pay, Google Pay, Online Banking, Broker to Broker, PayPal, XPay, Rapyd |
Withdrawal Methods | Visa, Mastercard, Bank Wire, Neteller, Skrill, Paytrust88, PayPal |
FP Markets started online trading in 2005, so they have some know-how. They aim to give customers good trading conditions. Traders can play with many currency pairs and CFDs. What’s cool is their low spreads, the trading platforms people use, and helpful stuff for newbies. FP Markets uses MetaTrader 4 and 5, IRESS, TradingView, and WebTrader, so there’s something for everyone. They have a mobile app for Android and iOS, making trading easy on the go. People like FP Markets because of their tight spreads. Reviewers on Trustpilot gave them a high score of 4.9 out of 5. FP Markets members can get leverage up to 1:30 on some products, like major currency pairs. To keep traders safe, they follow rules from regulators in Australia (License No. 286354) and Cyprus (License No. 371/18).
ActivTrades Broker Details | |
Regulators | FCA (UK), CMVM (Portugal), CVM (Brazil), SCB (Bahamas), FSC (Mauritius) |
Min Deposit | $0 |
Trading Platforms | ActivTrader, TradingView, MT4, MT5 |
Trustpilot Rating | 4.5 out of 1,460 reviews |
Number of CFD Forex Pairs to Trade | 56 |
Leverage | Forex & Metals CFDs: 1:30 (1:400 Bahamas) Index CFDs: 1:20 (1:200 Bahamas) Cryptocurrencie CFDs: 1:2 (1:20 Bahamas) |
Spread | EURUSD: 0.50 USDJPY: 0.50 EURGBP: 0.80 GBPUSD: 0.80 |
Forex Commission per Lot per Trade | $0 |
Deposit Methods | Visa, Mastercard, PayPal, Apple Pay, Google Pay, Skrill, Neteller, Bank Transfer, Cryptocurrencies |
Withdrawal Methods | Visa, Mastercard, PayPal, Skrill, Neteller, Bank Transfer, Cryptocurrencies |
ActivTrades is a broker that’s been around for more than 23 years. They’re watched over by the FCA, FSC, SCB, CVM, and CMVM. They focus on keeping things secure and prices clear, plus they have small spreads on over 1,100 trading options in six groups. You can trade stuff like shares, indexes, commodities, ETFs, and bonds aside from just forex. You can open accounts in pounds and trade without commissions in all markets. The most leverage for regular customers is 1:30, but those who qualify for professional accounts can get up to 1:400. ActivTrades tries to help its customers by protecting them from going into a negative balance and insuring funds up to $1 million. Actually, ActivTrades was the first UK broker to offer extra insurance beyond the standard $50,000 per client back in 2013. To add money to your account, you can use cards, bank transfers, and e-wallets like PayPal. There’s no minimum to deposit, but there’s a 1.5% charge if you use a credit or debit card.
In Thailand, it’s okay for people to trade Forex if they do it through brokers that are approved, either in Thailand or other countries. The Securities and Exchange Act B.E. 2535 is the rule book for legal trading in Thailand. Only companies that have never gone bankrupt can get permission to be brokers in Thailand.
Brokerage companies that are okayed have to give financial reports to Thai regulators all the time. They also need to keep track of every Forex trade they have done for the past five years. As far as we can tell, you have to get your broking license renewed every year. License holders need to be careful to stop money laundering and other scams.
There are some rules about investing and trading in other countries to keep Thailand’s economy steady. Thai people and companies can put up to $10 million in foreign investments each year. Before, it was only $5 million, but the Bank of Thailand doubled it. This helps people and companies handle their risk better. Also, the amount of money you can freely send out of the country went up from $50,000 to $200,000.
Thai people can trade most currencies and Forex pairs, but there are rules for trades that involve the Thai baht (THB). The Bank of Thailand doesn’t allow people to gamble directly with the baht. This is to keep the price steady and help the economy. People from other countries can’t have accounts with the baht as the main currency. Thai people who are Muslim can have accounts that don’t charge swap fees.
In Thailand, the Bank of Thailand (BOT) and the Securities and Exchange Commission (SEC) are the two main regulators for foreign exchange stuff.
The BOT started back in 1942. It watches over financial institutions in the country, like banks, mutual funds, credit companies, asset managers, and electronic payment providers, basically keeping an eye on the big picture.
If a company deals with foreign exchange, the BOT keeps tabs on them, too. This central bank makes monetary policies and sets the rules for investing outside of Thailand. It also makes sure prices and short-term interest rates stay steady. It doesn’t allow anyone to mess with the Thai baht directly and keeps a close eye on foreign exchange to keep the financial market stable.
The SEC came about in 1992. They watch over stock exchanges, derivatives, securities, and even digital assets. They also handle margin trading. The SEC gives licenses to derivative brokers and tries to make sure consumers are protected. They often post warnings on their website to let people know about unauthorized firms and potential scams. The SEC provides guidelines for everyone in the local financial market to stick to.
Right now, Thai forex traders don’t have a ton of locally registered and regulated brokers to pick from. The SEC, which oversees capital markets here, has a list where you can easily find all the authorized brokers in Thailand. Just so you know, a lot of international companies take on Thai traders, and they’re licensed by regulators in other countries.
If you’re in Thailand, make sure any overseas broker you go with is watched closely by a major regulatory group. This lowers your chances of getting ripped off. Brokers with no regulation sometimes do shady stuff and don’t protect investors. It’s best to stay away from these companies because you probably won’t be able to get your money back if things go south.
Good overseas regulators include CySEC (Cyprus), ASIC (Australia), and the FCA (UK), plus some with looser rules like the FSA (Seychelles). If a broker says they’re approved by a regulator, double-check their license. You can usually do this on the regulator’s website.
If you’re in Thailand and trading forex, going with a regulated broker is a smart move. You’ll get better security, honest pricing, and way more protection. These brokers usually have cool tools to help you manage risk and keep things steady. They try to give you good trading conditions and clear info about prices so you can actually do well.
The top brokers in Thailand make sure you can buy or sell quickly and at the exact price you want. Brokers that are watched by regulators don’t let new traders use crazy high leverage. Plus, they always warn you not to put in money you can’t afford to lose.
Brokers that follow the rules and serve Thai customers have enough money saved up and won’t mess with your funds. They keep your cash separate from their own, usually in different bank accounts. This is how legit companies do things, so you know you can get your money back if the broker goes belly up.
If you’re a Thai trader thinking about using leverage, make sure you go with brokers that protect you from negative balances. Lots of trustworthy foreign brokers have this thing that stops your balance from going below zero when you trade stuff like contracts for difference. It’s super helpful when the market goes crazy and you could lose a ton of money fast.
Basically, if your broker has this protection, they’ll close your losing trades before you go into the negative. They’ll reset your account to zero, so you don’t owe more than you put in.
This way, Thai traders can trade without being terrified of owing a ton if the market gets wild. Just watch out, because not every international broker in Thailand gives this protection to Thai traders. Pick carefully!
If you’re in Thailand and trading forex, keep in mind that any money you make is taxed. You’ll need to tell the Thai tax people about your forex earnings.
Profits from your wins are taxed at 15%. You’ll also owe personal income tax and the rate changes depending on how much you make, going from 5% to 35%.
If you earn over ฿5 billion, that puts you in the highest tax bracket which is taxed at 35%. On the bright side, you can deduct any losses you had but Thai residents need to file their taxes by the end of March each year, but if you are filing taxes online, you have until April 8th to submit. And if you’re confused about reporting your trading gains, it’s worth chatting with a tax expert.
Okay, so it looks like local rules say brokers have to offer leverage up to 1:50 for main currency pairs. For less common pairs, it’s capped at 1:20.
But, foreign brokers taking customers from here might have different rules, depending on where they’re based. Some go lower, like 1:30, but others go way higher, like 1:500 or more.
Also, some brokers use what they call variable leverage. This means the rate changes based on how the market is doing and how big your trade is. The more money you have in your account, the better the rates. Smaller trades might get higher leverage, but bigger trades get less. This could be helpful if you want to adjust how much risk you are taking. Just remember to be careful and smart when using leverage.
Leverage is cool because it lets you make bigger trades than you normally could, since you’re borrowing money from the broker. It’s a way to get on good trades when you don’t have a lot of cash. Still, if you don’t know what you’re doing, high leverage can cause big losses. So, if you are trading with borrowed money, make sure you use brokers that are watched carefully. These brokers should also have something called negative balance protection.
In Thailand, most people are Buddhist, but Islam is the second biggest religion, with around 12% of the population following it. If you’re a Muslim trader there, you should check out Islamic trading accounts. These accounts follow Sharia law, which doesn’t allow interest.
Islamic accounts don’t have swap or rollover fees, which makes them a great choice for Muslim traders in Thailand. Lots of brokers that work with Thai customers provide swap-free accounts where, instead of interest, you usually pay a flat fee to hold positions overnight.
Also, if you want, forex brokers in Thailand let you upgrade from a regular retail account to a pro account. Just so you know, pro accounts usually don’t protect you from negative balances. To get a pro account, you usually need to meet certain requirements, like having a high trade volume, a big investment portfolio, and experience trading derivatives.
If you’re a forex trader in Thailand, it’s great to have brokers with software that works on all your devices, whether it’s a computer or phone. Some trading companies use their own special software, which can be cool, but might take some time to figure out if you’re new to this.
It’s smart to try a free practice account first to see if you like a broker’s software before using your own money. You could also pick a broker that uses software you already know. Many Thai-friendly forex brokers use MetaTrader 4 (MT4) and MetaTrader 5 (MT5) made by MetaQuotes. You might also see platforms like cTrader and TradingView, but not as many brokers use them.
Each platform has good and bad things about it. For example, MetaTrader 5 is quicker and has more tools, but it can be harder to use. MetaTrader 4 is simpler and made for forex traders.
But, MT4 doesn’t have as many tools and isn’t as good if you want to trade different things. So, new Thai traders should play around with the free versions of these platforms to see which one fits them best.
Below you can find some useful references with links to organizations that monitor the forex market in Thailand.
SEC (Securities and Exchange Commission): Homepage of Thailand’s financial regulator.
SEC Warning List: This page offers insight into the scams and fraudulent businesses that may target Thai traders.
SEC Licensee Register: Thai residents can conveniently verify the regulatory status of their chosen brokers by navigating to the official register of the SEC. The Bank of Thailand maintains its separate registry of regulated entities.
Submitting Complaints: Filing complaints is possible via the SEC’s complaint center. Thai traders can submit their grievances over the phone (0-2033-9999, 1207) or via email (info@sec.or.th).
Social Media: Follow SEC on Facebook, X, and YouTube to stay on track with all the regulator is up to.
Think Forex Brokers provides independent comparisons of regulated brokers across forex, stocks, and crypto. Information is for educational purposes only and should not be taken as financial advice. Always verify broker regulation before trading
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