6 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
Broker Review Regulators Min Deposit Website 🥇 
Read Review ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA USD 100 Visit Broker 🥈 
Read Review FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC USD 100 Visit Broker 🥉 
Read Review CySEC, MISA, FSCA USD 25 Visit Broker 4 
Read Review ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB USD 200 Visit Broker 5 
Read Review ASIC, FCA, CySEC, SCB USD 100 Visit Broker 6 
Read Review FCA, FSCA, FSC, CMA USD 200 Visit Broker 7 
Read Review BVI FSC USD 1 Visit Broker 8 
Read Review CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA USD 10 Visit Broker 9 
Read Review ASIC, CySEC, FSCA, CMA USD 100 Visit Broker 10 
Read Review IFSC, FSCA, ASIC, CySEC USD 1 Visit 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*)
- ☑️Interactive Brokers – Best Forex Broker in Thailand.
- ☑️AvaTrade – Award-Winning Broker in Asia.
- ☑️FBS – Excellent Technical Tools
- ☑️FP Markets – Lowest Overall Costs in THB.
- ☑️IC Markets – Best Mobile Trading Experience.
- ☑️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 Account | There is no specific minimum deposit required | SEC, CFTC, FCA, IIROC | From 0.0 pips |
| 2. AvaTrade | 👉 Open Account | THB 3,580 or USD100 | Central Bank of Japan (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA | From 0.0 pips |
| 3. FBS | 👉 Open Account | THB 33 or $1 | FSC, CySEC, ASIC | 0.0 pips |
| 4. FP Markets | 👉 Open Account | THB 3,580 or USD100 | ASIC, CySEC, FSCA, FSA, FSC | 0.0 pips |
| 5. IC Markets | 👉 Open Account | THB 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.
The broker offers their clients low commissions, and financing rates, online education, and an award-winning trading platform.
Unique Features
| Feature | Information |
| ⚖️ Regulation | SEC, CFTC, FCA, IIROC |
| 💻 Account Types | Individual, Joint, Trust, IRA. Non-Professional Advisor. Family Office. Advisor. Advisor Client (including Non-Professional Advisor and Family Office) Broker Client. EmployeeTrack. |
| 💵 Minimum Spread | From 0.0 pips |
| 💸 Minimum Deposit | There is no specific minimum deposit required |
| 📱 Platforms Supported | IBKR |
| 📈 Range of Markets | Global stocks, options, futures, currencies, cryptocurrencies |
| 📊 Demo Account | Yes |
| ✴️ Social Trading Offered | Facebook 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 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
| Feature | Information |
| ⚖️ Regulation | Central Bank of Japan (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA |
| 💻 Account Types | Retail Account, Professional Account |
| 💵 Minimum Spread | From 0.0 pips |
| 💸 Minimum Deposit | THB 3,580 or USD100 |
| 📱 Platforms Supported | AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade |
| 📈 Range of Markets | Global stocks, options, futures, currencies, cryptocurrencies |
| 📊 Demo Account | Yes |
| ✴️ Social Trading Offered | Instagram 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%
FBS
Overview
FBS is a leading, global Forex Broker that offers access to various financial instruments. FBS offers access to free real-time quotes, fast order execution, and Leverage of up to 3000:1.
FBS is a global forex and CFD broker offering a variety of account types and trading platforms, including MetaTrader 4 and 5. Its regulated status and negative balance protection add to its credibility, making it a solid choice for those looking to engage in global financial markets.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSC, CySEC, ASIC |
| 💻 Account Types | Standard, Cent, Micro, Zero Spread, and ECN account |
| 💵 Minimum Spread | 0.0 pips |
| 💸 Minimum Deposit | THB 33 or $1 |
| 📱 Platforms Supported | MetaTrader 4 (MT4) MetaTrader 5 (MT5) FBS Trader App |
| 📈 Range of Markets | forex pairs, commodities, indices, stocks, and cryptocurrencies. |
| 📊 Demo Account | Yes |
| ✴️ Social Trading Offered | Facebook YouTube Telegram |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Low Minimum Deposit | Limited Investor Protection |
| High Leverage | Fees on Some Services |
| Multiple Trading Platforms | Variable Spread Costs |
| Demo Accounts | High Leverage Risks |
Trust Score
FBS has a trust score of 80%
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.
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
| Feature | Information |
| ⚖️ Regulation | ASIC, CySEC, FSCA, FSA, FSC |
| 💻 Account Types | MT4/5 Standard Account, an MT4/5 Raw Account, an MT4/5 Islamic Standard Account, and an MT 4/5 Islamic Raw Account |
| 💵 Minimum Spread | From 0.0 pips |
| 💸 Minimum Deposit | THB 3,580 or USD100 |
| 📱 Platforms Supported | MetaTrader 4 MetaTrader 5 IRESS cTrader FP Markets App |
| 📈 Range of Markets | Forex Shares Metals Commodities Indices Cryptocurrencies Bonds ETFs |
| 📊 Demo Account | Yes |
| ✴️ Social Trading Offered | LinkedIn 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’ 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
| Feature | Information |
| ⚖️ Regulation | ASIC, CySEC, FSA, SCB |
| 💻 Account Types | cTrader Account, Raw Spread Account, Standard Account. |
| 💵 Minimum Spread | From 0.0 pips |
| 💸 Minimum Deposit | THB 7,167.80 or $200 |
| 📱 Platforms Supported | MetaTrader 4 MetaTrader 5 cTrader IC Social Signal Start ZuluTrade |
| 📈 Range of Markets | Forex Commodities Indices Bonds Cryptocurrencies Stocks Futures |
| 📊 Demo Account | Yes |
| ✴️ Social Trading Offered | LinkedIn 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’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
| Feature | Information |
| ⚖️ Regulation | CySEC, FSCA, FCA, FSC Mauritius, CMA Kenya |
| 💻 Account Types | Micro Account, Advantage Account, Advantage Plus Account |
| 💵 Minimum Spread | From 0.0 pips |
| 💸 Minimum Deposit | THB 179.18 or USD5 |
| 📱 Platforms Supported | MetaTrader 4, MetaTrader 5, FXTM Trader |
| 📈 Range of Markets | Precious Metals, Stock Trading, Stock CFDs, Indices, Forex Indices, Forex Currency Pairs, Commodities, Stock Baskets |
| 📊 Demo Account | Yes |
| ✴️ Social Trading Offered | Facebook 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%
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.
Faq
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.
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