⚡ Easily Trade – Apple, Microsoft , Tesla and Google Stocks - Open a Free demo with Plus500

      

6 Best Forex Brokers in Thailand

Last Update: June 26th, 2024

Best Forex Brokers in Thailand

 

The 6 Best Forex brokers in Thailand revealed. We have explored and tested several prominent brokers to identify the 6 best. 

In this in-depth guide you’ll learn: 

  • Thai Baht Accounts and how they work.
  • Who is the Best Suited Broker for Beginner Thai Traders?
  • Is forex trading legal in Thailand?
  • Pros and cons of each broker. 
  • Popular FAQs about the best Forex brokers in Thailand. 

And lots more… 

Let’s dive right in… 

 

🏆 10 Best Forex Brokers

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>

 

What is a Forex broker in Thailand? 

International Forex brokers that accept traders from Thailand offer diverse trading instruments, including major currency pairs, commodities, and indices. They provide multilingual support, accommodating Thai traders with localized services. These brokers adhere to regulatory standards, ensuring transparent and secure trading environments, with platforms accessible via desktop and mobile devices. 

 

6 Best Forex Brokers in Thailand (2024*)

  1. ☑️Interactive BrokersBest Forex Broker in Thailand.
  2. ☑️AvaTrade Award-Winning Broker in Asia.
  3. ☑️eToro – Best Global Regulated Broker.
  4. ☑️FP Markets – Lowest Overall Costs in THB.
  5. ☑️IC Markets – Best Mobile Trading Experience.
  6. ☑️FXTM Bank of Thailand approved Forex Broker.

 

6 Best Forex Brokers in Thailand

👥 Brokers👉 Open Account💰 Minimum Deposit⚖️ Regulators📈 Minimum Spread
1. Interactive Brokers👉 Open AccountThere is no specific minimum deposit required SEC, CFTC, FCA, IIROC From 0.0 pips
2. AvaTrade👉 Open AccountTHB 3,580 or USD100 Central Bank of Japan (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA From 0.0 pips
3. eToro👉 Open AccountTHB 1,790 or $50 CySEC, FCA From 0.9 pips
4. FP Markets👉 Open AccountTHB 3,580 or USD100  ASIC, CySEC, FSCA, FSA, FSC 0.0 pips
5. IC Markets👉 Open AccountTHB 7,167.80 or $200 ASIC, CySEC, FSA, SCB 0.0 pips EUR/USD
6.FXTM 👉 Open Account

THB 179.18 or USD5 CySEC, FSCA, FCA, FSC Mauritius, CMA Kenya From 0.0 pips

 

The 6 Best Forex Brokers in Thailand 

Read on to see our top picks for the 6 best Forex brokers that accept traders from Thailand.  

 

Interactive Brokers 

Overview 

Interactive Brokers has a reputable reputation and offers traders user-friendly trading conditions. Interactive Brokers offers quality education material and research tools, Contracts for Difference (CFDs), and trading facilities on shares, forex, commodities, cryptocurrencies, ETFs, options, and indices to a global market.

 

Interactive Brokers

 

The broker offers their clients low commissions, and financing rates, online education, and an award-winning trading platform.

 

Unique Features 

FeatureInformation
⚖️ RegulationSEC, CFTC, FCA, IIROC
💻 Account TypesIndividual, Joint, Trust, IRA.

Non-Professional Advisor.

Family Office.

Advisor.

Advisor Client (including Non-Professional Advisor and Family Office)

Broker Client.

EmployeeTrack.
💵 Minimum SpreadFrom 0.0 pips
💸 Minimum Deposit There is no specific minimum deposit required
📱 Platforms SupportedIBKR
📈 Range of MarketsGlobal stocks, options, futures, currencies, cryptocurrencies
📊 Demo AccountYes
✴️ Social Trading OfferedFacebook

Twitter

LinkedIn

YouTube
👉 Open Account👉 Open Account

 

Pros and Cons

✔️ Pros❌ Cons
Traders can access a variety of foreign markets through Interactive Brokers, including those for currencies, bonds, equities, futures, and options. As a result, traders can diversify their holdings across numerous asset types. Comprehending and utilising intricate trading platforms and tools might pose a challenge for novice traders.
The trading platforms offered by Interactive Brokers, such as Trader Workstation (TWS) and IBKR Mobile, offer an extensive selection of analytical and execution options. The varied rates paid for various services and accounts at Interactive Brokers may confuse some traders despite their competitive pricing.
Interactive Brokers offers affordable commission rates and transparent pricing structures to active traders, especially those with large trading volumes, which can lower overall trading costs. For several account types, Interactive Brokers has greater minimum balance requirements than other brokers, which makes it more difficult for traders with smaller account balances to use the platform.
Interactive Brokers provides a wealth of research and analytical tools, including research papers, technical analysis, market commentary, and fundamental data, to assist traders in making well-informed investment decisions. Even though Interactive Brokers provides customer support by email, phone, and live chat, some traders might believe that smaller brokerages provide more individualised care and attention to detail.
Trades can efficiently reduce and manage risk with the use of Interactive Brokers' risk management features, which include risk-based margining, portfolio margining, and real-time margin computations. It's possible that Interactive Brokers offers less instructional tools and materials than other brokerages, so novice traders will need to go elsewhere for guidance and information.

 

Trust Score  

Interactive Brokers has a trust score of 95%  

 

AvaTrade 

Overview 

AvaTrade serves as an ideal option for social traders in Thailand due to its robust social trading platform and community features.  

AvaTrade’s social trading platform allows users to connect with and follow experienced traders, enabling them to replicate their trades automatically or manually. This facilitates knowledge sharing and idea generation among traders, particularly beneficial for those new to trading or seeking insights from experienced individuals.  

 

AvaTrade

 

AvaTrade offers a user-friendly interface and comprehensive educational resources, catering to traders of all skill levels. This accessibility enhances the social trading experience and encourages engagement within the community.  

Additionally, AvaTrade provides a diverse range of tradable assets, including forex, stocks, commodities, and cryptocurrencies, offering ample opportunities for social traders to diversify their portfolios.  

Overall, AvaTrade’s emphasis on social trading features, combined with its user-friendly platform and diverse asset offerings, makes it a compelling choice for social traders in Thailand seeking a collaborative and educational trading environment. 

 

Unique Features 

FeatureInformation
⚖️ RegulationCentral Bank of Japan (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA
💻 Account TypesRetail Account, Professional Account
💵 Minimum SpreadFrom 0.0 pips
💸 Minimum Deposit THB 3,580 or USD100
📱 Platforms SupportedAvaTradeGO

AvaOptions

AvaSocial

MetaTrader 4

MetaTrader 5

DupliTrade

ZuluTrade
📈 Range of MarketsGlobal stocks, options, futures, currencies, cryptocurrencies
📊 Demo AccountYes
✴️ Social Trading OfferedInstagram

Facebook

Twitter

YouTube
👉 Open Account👉 Open Account

 

Pros and Cons

✔️ Pros❌ Cons
AvaTrade offers a robust social trading platform, allowing users to connect with and follow experienced traders, facilitating knowledge sharing and idea generation. Some users may find that AvaTrade's research tools are not as extensive as those offered by some other brokers, potentially limiting the depth of analysis available to traders.
AvaTrade provides a wide range of tradable assets, including forex, stocks, commodities, and cryptocurrencies, offering ample opportunities for portfolio diversification. AvaTrade requires a relatively high minimum deposit to open an account, which may be a barrier for some traders, particularly those with smaller capital.
The platform features a user-friendly interface, making it accessible to traders of all skill levels, from beginners to experienced professionals. While AvaTrade offers cryptocurrency trading, the selection of available cryptocurrencies may be more limited compared to specialized cryptocurrency exchanges.
AvaTrade offers extensive educational resources, including tutorials, webinars, and market analysis, empowering traders with knowledge and insights to make informed trading decisions. AvaTrade's spreads can vary depending on market conditions, which may lead to higher trading costs during times of high volatility.

 

Trust Score  

AvaTrade has a high trust score of 96% 

 

eToro 

Overview 

eToro presents a compelling option for long-term investors in Thailand due to its diverse range of investment opportunities and innovative features.  

The platform offers access to a wide selection of traditional assets such as stocks and ETFs, allowing investors to build diversified portfolios aligned with their long-term financial goals.  

eToro’s social trading features enable investors to learn from and engage with a global community of traders, fostering a collaborative environment conducive to long-term success.  

 

eToro

 

Additionally, the CopyTrader tool allows users to automatically replicate the trades of top-performing investors, providing an avenue for passive portfolio management.  

eToro’s user-friendly interface and comprehensive educational resources cater to investors of all experience levels, facilitating informed decision-making and portfolio management over the long term.  

Overall, eToro’s combination of diverse investment options, social trading features, and user-friendly platform makes it a compelling choice for long-term investors in Thailand seeking to build wealth over time. 

 

Unique Features 

FeatureInformation
⚖️ RegulationCySEC, FCA
💻 Account TypesPersonal Account

Professional Account

Corporate Account

Islamic Account
💵 Minimum SpreadFrom 0.9 pips
💸 Minimum Deposit THB 1,790 or $50
📱 Platforms SupportedeToro proprietary platform
📈 Range of MarketsStocks.

Indices.

ETFs.

Currencies.

Commodities.

Cryptoassets.
📊 Demo AccountYes
✴️ Social Trading OfferedFacebook

Twitter

LinkedIn

YouTube

Instagram

Telegram
👉 Open Account👉 Open Account

 

Pros and Cons

✔️ Pros❌ Cons
eToro's novel social trading platform can improve learning and, in turn, trading performance by letting users engage with and model the tactics used by successful investors. When compared to other platforms, eToro has a somewhat limited assortment of research tools, which may hinder traders from performing in-depth analysis.
Access to a wide range of assets is made possible via eToro, including stocks, cryptocurrencies, commodities, and FX pairings. Even though eToro offers cheap spreads, its costs could be slightly more than those of other brokers.
Because of its easy-to-use interface, eToro is accessible to traders with varying degrees of experience, even beginners. Technical analysis is hampered by eToro's charting tools' low functionality when compared to those of other brokers.
eToro offers diversified investment portfolios called CopyPortfolios, which allow traders to invest in a wide range of assets with only one click. Because eToro offers low withdrawal limits and minimal withdrawal fees, traders may suffer unfavourable outcomes.

 

Trust Score  

eToro has a trust score of 90%  

 

FP Markets 

Overview 

FP Markets emerges as an excellent option for institutional investors in Thailand owing to its institutional-grade services and comprehensive trading solutions.  

FP Markets provides access to deep liquidity and reliable execution, crucial for executing large orders efficiently and minimizing slippage.  

 

FP Markets 

 

The broker’s advanced trading platforms, such as MetaTrader 4 and 5, cater to the sophisticated needs of institutional traders.

FP Markets’ dedicated account management and institutional support ensure personalized service and assistance tailored to the specific requirements of institutional clients.  

FP Markets’ combination of institutional-grade liquidity, diverse asset offerings, advanced trading platforms, and personalized support makes it a compelling choice for institutional investors in Thailand seeking reliable and comprehensive trading services. 

 

Unique Features 

FeatureInformation
⚖️ RegulationASIC, CySEC, FSCA, FSA, FSC
💻 Account TypesMT4/5 Standard Account, an MT4/5 Raw Account, an MT4/5 Islamic Standard Account, and an MT 4/5 Islamic Raw Account
💵 Minimum SpreadFrom 0.0 pips
💸 Minimum Deposit THB 3,580 or USD100 
📱 Platforms SupportedMetaTrader 4

MetaTrader 5

IRESS

cTrader

FP Markets App
📈 Range of MarketsForex

Shares

Metals

Commodities

Indices

Cryptocurrencies

Bonds

ETFs
📊 Demo AccountYes
✴️ Social Trading OfferedLinkedIn

Twitter

Facebook

YouTube
👉 Open Account👉 Open Account

 

Pros and Cons

✔️ Pros❌ Cons
Traders profit from the extremely sophisticated technological architecture of FP Markets. Owing to FP Markets' global orientation, local payment methods may not receive the same level of attention.
A team of dedicated and skilled workers offers investors comprehensive customer support services. Even though FP Markets offers a large range of products, some traders could still favour local or niche markets.
Numerous international organisations, such as the FSCA, CySEC, ASIC, FSA, and FSC, oversee the FP Markets. The withdrawal costs for different payment methods are calculated by FP Markets.
A vast library of educational materials is available to traders through FP Markets with the goal of improving their trading abilities.
FP Markets offers a variety of account categories to accommodate its customers' varied needs and trading preferences.

 

Trust Score  

FP Markets has a high trust score of 87%  

 

IC Markets 

Overview 

IC Markets offers true ECN pricing, granting traders direct access to interbank liquidity and tight spreads, ensuring transparency and minimizing trading costs.  

 

IC Markets

 

IC Markets’ combination of true ECN pricing, deep liquidity, advanced trading platforms, and flexible account options makes it a compelling choice for ECN traders in Thailand. 

 

Unique Features 

FeatureInformation
⚖️ RegulationASIC, CySEC, FSA, SCB
💻 Account TypescTrader Account, Raw Spread Account, Standard Account.
💵 Minimum SpreadFrom 0.0 pips
💸 Minimum Deposit THB 7,167.80 or $200
📱 Platforms SupportedMetaTrader 4

MetaTrader 5

cTrader

IC Social

Signal Start

ZuluTrade
📈 Range of MarketsForex

Commodities

Indices

Bonds

Cryptocurrencies

Stocks

Futures
📊 Demo AccountYes
✴️ Social Trading OfferedLinkedIn

Twitter

Facebook

YouTube
👉 Open Account👉 Open Account

 

Pros and Cons

✔️ Pros❌ Cons
IC Markets attracts traders seeking low-cost trading since it offers reasonable spreads, particularly for its Raw Spread accounts. When IC Markets' educational resources are compared to those of other brokers, it may be found that they are somewhat inadequate, which could prevent inexperienced traders from becoming proficient.
By collaborating with ZuluTrade, IC Markets simplifies social trading by enabling users to observe and emulate the tactics employed by profitable traders. Inexperienced traders may find IC Markets' sophisticated features and tools overwhelming, and it may take some getting used to before they can effectively utilise them.
Currency pairings, indices, commodities, and cryptocurrencies are just a few of the trading items that IC Markets offers to accommodate a wide range of trading preferences. Even if IC Markets provides customer service, there's a possibility that certain clients would get impatient due to variations in the quality and promptness of their support.
Customers can select the account type that best fits their trading preferences and style from the broker's selection of account types, which includes Standard and Raw Spread accounts.There have periodically been reports of issues or delays with the IC Markets withdrawal process. Those who seek instant access to their money may find this bothersome.
Reputable regulatory bodies that ensure a safe and transparent transaction environment for customers oversee IC Markets, including the Seychelles Financial Services Authority (FSA) and the Australian Securities and Investments Commission (ASIC). Occasional platform instability or technical problems have been observed by some clients during transactions with IC Markets, which could cause trading activity to be disrupted.

 

Trust Score 

IC Markets has a trust score of 86% 

 

FXTM 

Overview 

FXTM offers a wide selection of currency pairs with competitive pricing, deep liquidity, and access to expert market analysis, ensuring optimal trading conditions. The broker provides access to advanced trading platforms like MetaTrader 4 and MetaTrader 5, offering a suite of tools and indicators for conducting thorough technical analysis and executing trades efficiently. 

 

FXTM

 

FXTM’s educational resources, including tutorials, webinars, and demo accounts, cater to traders of all skill levels, from beginners to seasoned professionals, facilitating continuous learning and skill development.  

FXTM’s commitment to regulatory compliance and customer support instills confidence in traders, ensuring a secure and reliable trading environment.  

 

Unique Features 

FeatureInformation
⚖️ RegulationCySEC, FSCA, FCA, FSC Mauritius, CMA Kenya
💻 Account TypesMicro Account, Advantage Account, Advantage Plus Account
💵 Minimum SpreadFrom 0.0 pips
💸 Minimum Deposit THB 179.18 or USD5
📱 Platforms SupportedMetaTrader 4, MetaTrader 5, FXTM Trader
📈 Range of MarketsPrecious Metals, Stock Trading, Stock CFDs, Indices, Forex Indices, Forex Currency Pairs, Commodities, Stock Baskets
📊 Demo AccountYes
✴️ Social Trading OfferedFacebook

Twitter

LinkedIn

Instagram

YouTube

Telegram
👉 Open Account👉 Open Account

 

Pros and Cons

✔️ Pros❌ Cons
Respected regulatory organisations like the FCA and CySEC oversee FXTM strictly, ensuring that strict standards are followed and giving Egyptian traders a sense of security and confidence. When compared to some other brokers, FXTM may have limited instructional resources, which could be a hindrance for novice traders in Egypt who are looking for extensive training materials and support.
FXTM allows Egyptian traders to diversify their investment portfolios by giving them access to multiple worldwide marketplaces and a wide range of tradable assets, including cryptocurrencies, commodities, indices, and forex. The intricate pricing structure of FXTM, which encompasses multiple account types and price schedules, could potentially lead to confusion or misinformation among traders on the costs involved in trading.
FXTM provides competitive pricing, tight spreads, and low commissions.

 

Trust Score  

FXTM has a trust score of 93%  

 

Best Forex Brokers in Thailand

 

Conclusion

Overall, With competitive pricing, advanced platforms, and regulatory compliance, these brokers provide a secure and accessible avenue for Thai traders to participate in the global Forex market effectively. 

FAQs

Yes, Thai traders can usually open multiple trading accounts with international Forex brokers to trade different strategies or asset classes. 

Yes, some international Forex brokers offer Islamic accounts that comply with Sharia law, catering to traders in Thailand who adhere to Islamic finance principles. 

Yes, most international Forex brokers support automated trading systems, allowing Thai traders to use expert advisors (EAs) and algorithmic trading strategies. 

Some international Forex brokers offer customer support in the Thai language to cater to traders from Thailand. 

International Forex brokers offer various deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets.

Comments
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments