Best Forex Broker Thailand List

The top Thailand forex brokers in 2024 are the following:

  • Pepperstone - Best Forex Broker for Thai Traders
  • FP Markets - Top Forex Broker For MetaTrader 4 Forex Platforms
  • IC Markets - Best Broker With Low Spreads
  • ThinkMarkets - Top Account Types Including Islamic Accounts
  • eToro - Good Broker With Social Trading Platform
  • FOREX.com - Good Broker With Large Range Of Currency Pairs
  • FXCM - Best Broker For Cryptocurrency And BitCoin Trading
  • HF Markets - Good Broker With MetaTrader 5 and Micro Trading
Broker Review Our Rating Regulation Standard
EUR/USD
Spread
Standard
GBP/USD
Spread
Standard
AUD/USD
Spread
Raw
EUR/USD
Spread
Raw
GBP/USD
Spread
Raw
AUD/USD
Spread
Commissions
(USD Base)
MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage Visit Broker
98 SCB, ASIC
FCA, CySEC
1.10 1.40 1.20 0.10 0.40 0.20 $3.50 77ms $0 62+ 12+ 30:1 500:1 Visit Site
80 ASIC,CySEC
FSCA,FSA-S,FSC-M
1.1 1.3 1.3 0.10 0.20 0.20 $3.00 225ms $100 70+ 10+ 30:1 500:1 Visit Site
85 ASIC, FSA-S
CySEC
0.62 0.83 0.77 0.02 0.23 0.17 $3.50 134ms $0 61+ 18+ 30:1 500:1 Visit Site
68 FCA, FSCA
ASIC, FSA-S, CySEC
1.1 1.3 1.1 0.1 0.3 0.2 $3.50 161ms $0 46+ 21+ 30:1 500:1 Visit Site
43 ASIC, CySEC, MFSA
FCA, FSA, FINRA
GFSC
1.0 2.0 1.0 - - - - 130ms $200 (Australia), $50-$100 (EU) 49+ 46+ 30:1 400:1 Visit Site
61 FCA, CySEC, CIMA
NFA/CFTC, CIRO, JFSA
1.2 1.6 1.4 - - - $6.00 30 ms (May 2023) $100 80+ 8+ 30:1 400:1 Visit Site
72 ASIC, FSCA
FCA, CIRO
BaFin, ISA, CySEC
1.3 1.4 1.7 0.30 0.90 0.40 $3.00 150ms $300 42+ 7+ 30:1 500:1 Visit Site
46 FCA, FSCA, CYSEC
DFSA,CMA,FSA
1.2 1.9 1.8 0.1 0.3 0.7 $3.00 $0 38+ 19+ Visit Site
 

What Are The Best Forex Brokers In Thailand?

While Thailand doesn’t have a financial regulator, there are still plenty of reputable forex brokers to choose from. With our list below, we have selected the best forex brokers in Thailand based on key trading factors including account fees, spreads and forex trading platforms.

1. Pepperstone Best Forex Broker for Thai Traders

Pepperstone

Forex Panel Score

98

Average Spread

EUR/USD = 0.1
GBP/USD = 0.4
AUD/USD = 0.2

Trading Platforms

MT4, MT5, cTrader, TradingView

Minimum Deposit

$0

Why We Recommend Pepperstone

Broker Details

The Best Thailand Forex Broker

Pepperstone offers the ultimate trading experience for forex traders in Thailand with low spreads from 0.0 pips, 150+ CFDs across 6 asset classes, the most popular trading platforms, fast order execution speeds under 30ms and reliable 24/5 customer support.best forex broker overall

Pepperstone is a fully regulated broker by top-tier financial institutions, including:

  • Australian Securities and Investments Commission (ASIC) in Australia
  • The Financial Conduct Authority (FCA) in the UK
  • Cyprus Securities Exchange Commission (CySEC) in Mainland Europe
  • BaFin Federal Financial Supervisory Authority (BaFin) in Germany and Austria
  • Dubai Financial Services Authority (DFSA) in the UAE

Clients of Pepperstone Thailand will be regulated by

  • Securities Commission of The Bahamas (SCB) 

Pepperstone applies a level of regulation in line with what they use for ASIC for clients with SCB regulation. This means you will get the same level of leverage, some complaints procedures and the same type of execution policies one would expect from a broker with top-level regulation.

Moreover, Pepperstone is an international forex broker with offices in Melbourne, London and Dubai. Due to its strong commitments to better serve its Thai clients, the Pepperstone website and customer service are available in the Thai language. Customer service hours in Thai are Monday – Friday, 8: 00-19: 00 or support is available in Thai through live chat and email.

Our team of industry experts at Compare Forex Brokers consider Pepperstone to be the best broker for Thai traders.

Forex trading conditions

Pepperstone Offers Low-Cost Forex Trading

The Australian-based broker is recommended for its low trading costs per trade. With Pepperstone you can save up to almost 60% in forex trading costs compared to other online brokers.

For example, when the total trading fees when trading forex comes to USD 5.06 for one EUR/USD standard lot. The cost of opening and holding a position in the forex market compares favorably with other popular brokers:

  • USD 2.94 compared to the FXTM’s total fees of USD 8.00
  • USD 2.64 compared to the IG’s total fees of USD 7.70

To work out your trading costs, you can use our proprietary calculator below.

Calculate Your Trading Costs Below

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Note: We calculated Pepperstone’s trading fees using the ECN pricing model with raw spreads.

Pepperstone is able to offer market-leading trading fees due to its wide network of liquidity providers derived from multiple sources. On average, this online trading provider is able to process USD 9.2 billion in trading volume on a daily basis. This allows Pepperstone to offer low-cost trading (spreads + commissions):

  • The average spread on major currency pairs like EUR/USD and USD/JPY of 0.13 pips and 0.18 pips for AUD/USD
  • Forex trading commissions on its Razor Account are as low as USD 3.50 for each 1 standard lot traded (USD 7.00 round-turn commission)

Pepperstone offers Electronic Data Communication (ECN) pricing through its Razor account and its spreads. A comparison of brokers who advertise their average spreads on their website found Pepperstone offer the lowest spreads on 4 of the 9 major forex pairs.

Pepperstone MT4 Spread Comparison
0.20 1.00 0.40 0.60 0.10
0.17 0.30 0.14 0.25 0.02
0.20 0.50 0.20 0.30 0.10
0.20 N/A 0.20 0.30 0.20
0.42 0.30 0.20 0.83 0.44
0.30 0.68 0.24 N/A 0.17
0.40 0.70 0.30 0.70 0.20
0.50 0.80 0.30 1.10 0.10
0.50 0.40 n/a 0.30 n/a
1.23 1.23 0.77 1.41 0.44

Avg. spreads are taken from each broker's website and updated monthly. Last update on 06/01/2024



Compare Pepperstone Spreads


Additionally, Thailand residents can trade the local currency Thai Baht (THB) against the US dollar. Pepperstone’s Raw Spread account offers the following USD/THB spreads:

  • A minimum spread of 10 pips
  • While the average spread is 44.26 pips
Pepperstone IC Markets Forex.com Oanda IG Markets FxPro
USD/THB Average Spread 44.26 pips 33.70 pips 3.7 pips 11.9 pips 1.6 pips 8 pips
Leverage 500:1 500:1 50:1 100:1 200:1 30:1

Pepperstone Trading Conditions

Pepperstone earned our top spot for the best forex brokers in Thailand due to an all-inclusive selection of trading features and tools. Everything is designed to accommodate both retail traders and professional traders. Some of the most advanced features include:

  • Three powerful trading platforms (MetaTrader 4, MetaTrader 5 and cTrader)
  • 6 financial markets (Forex, indices, commodities, shares, cryptocurrencies and currency indices)
  • Standard trading account with no commissionsForex Trading Platforms
  • VIP trading service helps you reduce the trading commission even further through the Active trader Program
  • Lightning-fast execution speeds of 30 milliseconds
  • Maximum leverage up to 500:1
  • Multilanguage, award-winning customer support via live chat, email or phone
  • Smart Trader Tools and Autochartist
  • API Trading and VPS hosting
  • Automated trading: EAs and cTrader Automate
  • MAM and PAMM for experienced fund managers
  • Social trading (Myfxbook, Mirror Trader, MetaTrader Signals, and DupliTrade)
  • Education and market research

Final Verdict On Pepperstone

Overall, Pepperstone’s trading costs are low compared to other FX brokers. The firm also makes it fairly easy to gain access to the global foreign exchange market with a minimum deposit of USD 200. Claim your free demo account by clicking the button below.

View Pepperstone ReviewVisit Pepperstone

2. FP Markets Top Forex Broker For MetaTrader 4 Forex Platforms

FP Markets

Forex Panel Score

80

Average Spread

EUR/USD = 0.1
GBP/USD = 0.2
AUD/USD = 0.1

Trading Platforms

MT4, MT5, cTrader, TradingView

Minimum Deposit

$100

Why We Recommend FP Markets

Broker Details

Best Broker For Trading MetaTrader 4 Platforms

FP Markets delivers the ultimate trading solution in terms of top-tier trading platforms. This brokerage trading firm offers 10,000+ CFDs, an average execution speed of 40ms, and a non-dealing desk (NDD) execution model. Forex traders in Thailand can trade over 60 currency pairs with the following forex trading platforms:

  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
  • cTrader
  • TradingView

FP Markets Trading platforms

Bangkok is not a major financial center with a financial regulatory agency. Traders in Thailand are registered with FP Markets LLC St. Vincent and the Grenadines, Limited Liability Number 126 LLC 2019 have no official regulator, However, FP Markets regulatory frameworks mimic some of the best practices imposed by global financial bodies like NFA, ASIC, FCA or CySEC. FP Markets LLC applies policies consistent with their Australian and European FP Market arms, so Thai clients should expect FP Markets is a broker that will be secure.

MetaTrader 4 (MT4)

MetaTrader 4 by MetaQuotes Software Corp is our top choice for beginner traders and professional traders alike. MT4 has a user-friendly interface and automated trading options with deep liquidity to satisfy the needs of all types of traders.

FP Markets powers the MetaTrader 4 platform with its own pricing and execution technology. Additionally, FP Markets uses the Electronic Communication Network ECN pricing model to stream its live forex quotes. Here is a list of trading features that makes FP Markets MT4 platform superior:best forex brokers

  • Access to global liquidity providers (Goldman Sachs, Citibank, Barclays, HSBC and many others)
  • Ultra-low latency reducing slippage ensured by collocated servers in Equinix NY4 facility center
  • One-click trading directly from the convenience of your charts
  • +50 built-in technical indicators
  • Automated trading strategies through EAs
  • 5 asset classes (forex, shares, commodities, indices and cryptocurrencies)
  • Available on iOS, Android and Mac devices

MetaTrader 4 Trading Platform

Final Verdict On The Best Thailand Forex Trading Platform

Overall, FP Markets high-tech suite of trading platforms gives Thailand residents advanced trading tools. Also, the platform can be accessed through the desktop (Windows and iOS), browser, and mobile trading (iPhone and Android). Test this unique platform with a demo account by clicking the button below.

3. IC Markets Best Broker With Low Spreads

IC Markets

Forex Panel Score

85

Average Spread

EUR/USD = 0.02
GBP/USD = 0.23
AUD/USD = 0.17

Trading Platforms

MT4, MT5, cTrader, TradingView

Minimum Deposit

$200

Why We Recommend IC Markets

Broker Details

The Best Low Spread Forex Broker

IC Markets is the best broker for low spreads across over 65 currency pairs and 186 CFDs. Clients of IC Markets Raw spread account can enjoy spreads from 0.0 pips, leverage up to 500:1, order execution speed under 40ms and no-requotes. The IC Markets ASIC and CySEC licenses bring more credibility and trust to the broker.

Additionally, the broker is also registered with the Financial Services Authority of Seychelles (FSA). This means the broker abides by the strict guidelines enforced by the world’s biggest watchdog agencies. Below, our team of industry experts will outline why IC Markets offers a low-cost trading solution for its clients.

Trade Forex With Raw Spreads

IC Markets offers raw spreads on two different trading accounts (cTrader Raw spread and MetaTrader Raw spread account). When we compared the average bid and ask spread the EUR/USD displays the lowest spread at 0.1 pips. Additionally, during pick market hours the EUR/USD spread stands at 0.0 pips 95% of the time (using price data from 01-07-2019 to 31-12-2019).

See below the complete list of the best lowest spread forex brokers.

FP Markets Account Spreads
0.02 0.23 0.27 0.85 0.17
0.10 0.30 0.30 1.40 0.20
0.10 0.60 0.40 2.40 0.20
0.20 0.50 0.40 1.50 0.20
0.17 0.59 0.54 N/A 0.30
0.20 0.60 0.50 10.00 0.40
0.10 0.60 0.60 1.30 0.50
n/a 0.20 0.60 3.10 0.50
0.44 0.85 0.40 1.30 0.42

Avg. spreads are taken from each broker's website and updated monthly. Last update on 06/01/2024

Compare All Spreads

 

Note* On average, IC Markets spreads are with 60% lower than its competitors.

Trading CFDs with low spreads is also possible through IC Markets. On the most popular CFDs contracts, traders from Thailand can expect the following costs:

  • AUS200 spread from 0.95 points
  • Gold spread from 1.0 points
  • Oil spread from USD 0.03
  • Bitcoin spread from USD 10

Traders need to keep in mind that the ECN pricing model offered by IC Markets comes with a commission rate of USD 7.0 round turn for every 100,000 units traded. For free-commission trading, traders have the option to opt for the Standard account, which has fixed spreads. In order to make money, like any other broker, IC Markets mark up the spread by 1 pip on top of the Interbank spread.

IC Markets Trading Performance

IC Markets serves over 100,000 active forex traders from all over the world. These forex traders generated:

  • Over USD 797 billion in monthly trading volume (according to data from Nov 2019)
  • Over USD 29 billion average daily trading volume

Low Spread Forex Brokers Thailand

IC Markets is able to offer the lowest spreads in the forex industry along with transparent pricing due to its diverse network of global liquidity providers comprised of 25 LPs. Another strength comes from the fact that its ECN price matching technology is collocated in New York and London data servers. This also ensures fast order execution speeds of 40 milliseconds.

Final Verdict On IC Markets For Low Spread Trading

IC Markets is among the best forex brokers for low spreads. Low spreads are designed not just for saving on trading costs but are also compatible with scalping strategies. Trading forex with IC Markets only requires a minimum deposit of USD 200.

4. ThinkMarkets Top Account Types Including Islamic Accounts

ThinkMarkets

Forex Panel Score

70

Average Spread

EUR/USD = 0.1
GBP/USD = 0.3
AUD/USD = 0.2

Trading Platforms

MT4, MT5, ThinkTrader

Minimum Deposit

$0

Why We Recommend ThinkMarkets

Broker Details

The Best Account Types Including Islamic Accounts

ThinkMarkets is our top choice for the range of trading account offering along with deposit and withdrawal methods. Established in 2010 and headquartered in Melbourne, Australia, this online trading provider offers 6 different account types that include:

  • USD 1 million insurance protection
  • Negative balance protection (NBP) policy
  • Segregated bank account with tier-1 banks (Westpac and Commonwealth Bank of Australia)
  • Access to over +1,200 CFDs across 6 asset classes (FX, stocks, commodities, futures, metals and indices)
  • Swap-free Islamic accounts with leverage up to 500:1
  • 7 different deposit and withdrawal methods including bank transfer, credit cards, and SKRILL
  • 6 different base currencies to deposit from including GBP, JPY, USD, AUD, EUR, and CHF

It’s safe to trade with ThinkMarkets. This brokerage trading firm operates under the supervision of two major regulatory agencies (ASIC and FCA) and one tier-2 regulatory body (FSCA in South Africa). This offers strong protection and safeguards traders in Thailand from illegal trading activities. Traders in Thailand will be regulated by the Financial Services Authority of Seychelles, Firm Reference Number SD06.

ThinkMarkets Account Features Comparison

ThinkMarkets clients have the option to choose between 6 distinctive trading account types. The most popular account types are the:

  • Standard account with spreads from 0.4 pips and no commission trading
  • ThinkZero accounts with spreads from 0.0 pips and USD 3.5 trading commission per one side
บัญชีมาตรฐาน ThinkZero
สเปรดฟอเร็กซ์เฉลี่ย 1.2 ปิ๊ป 0.1 ปิ๊ป
สเปรดสัญญาซื้อขายส่วนต่าง ตั้งแต่ 0.9 จุด ตั้งแต่ 0.9 จุด (ไม่มีคอมมิชชั่น)
คอมมิชชั่น ไม่มี $3.5 ($7 round-turn)
แพลตฟอร์ม MT4, MT5 และ ThinkTrader MT4
การป้องกันยอดติดลบ มี มี
AutoChartist ไม่มี มี
ตำแหน่งที่ตั้งเซิร์ฟเวอร์ LD5 และ HK4 LD5 และ HK4
ยอดดำเนินการขั้นต่ำ USD 0 USD 500

The ThinkZero account allows traders to access an STP pricing model. This means you can trade directly with institutional liquidity providers, without any spread mark-up. Professional traders or high-volume traders have the option to select the ThinkMarkets Pro account. The pro account comes with high leverage settings, a dedicated account manager, and cash rebates.

thinkmarkets account types thailand

Additionally, IC Markets offers a Joint Account and a risk-free Demo account with USD 25,000 in paper money included.

ThinkMarkets Islamic Account

Muslim traders in Thailand have the option to open a swap-free account with IC Markets. The Islamic accounts are compliant with Sharia law. This means no interest rate will be credited or debited in your live account.

While most forex brokers will increase their spread to compensate for the overnight rollover fee lost, ThinkMarkets will charge a small administrative fee. The administrative fee will only be applied for positions that are held for 7 consecutive nights. The IC Markets administrative fee for the swap-free accounts is:

  • USD 5 for major currency pairs
  • USD 10 for minor currency pairs
  • USD 5 for Bitcoin

Swap Free Account

ThinkMarkets Payment Options

ThinkMarkets is one of the few forex brokers in Thailand with the lowest minimum deposit of USD 0 (Standard Account). Joining the STP account will require a minimum deposit of USD 500. The deposit and withdrawal process can take less than 10 minutes, depending on the payment method used.

At ThinkMarkets, Thailand traders can use international payment methods with no withdrawal and deposit fees. The payment system includes 7 different methods:

  • Bank wire transfer with an estimated trading time of up to 3 days
  • Credit card and debit card – instant transfer
  • Online payment options: Neteller, Skrill, BitPay, POLi Pay and PayPal – up to 10 minutes

Forex Deposit and withdrawal Methods

In terms of supported deposit currencies, ThinkMarkets supports the most traded currencies USD, AUD, EUR, CHF, GBP, CAD and JPY. Additionally, this Australian-based firm also offers more modern payment options like Bitcoin, Ether and Bitcoin Cash through Bitcoin payment service provider BitPay.

Final Verdict On ThinkMarkets Account Types

Overall, ThinkMarkets trading accounts are tailored to be suited to any level of trading experience, skills and knowledge. Before you choose an account type, you can assess the ThinkMarkets trading conditions with a risk-free demo account. Click the button below if you want to start forex trading today.

5. eToro Good Broker With Social Trading Platform

eToro

Forex Panel Score

43

Average Spread

EUR/USD = 1
GBP/USD = 2
AUD/USD = 1

Trading Platforms

eToro Trading Platform

Minimum Deposit

$50

Why We Recommend eToro

Broker Details

The Top Broker With Social Trading Platform

eToro is a social trading platform founded in 2007 with more than 10 million active traders. The copy trading feature enables beginner traders to copy trades on 6 asset classes (indices, commodities, currencies, cryptocurrencies, stocks and ETFs). The regulatory agencies that supervise this Fintech company ensure it is safe and reliable to trade with eToro. They are licensed and authorized by 3 regulatory bodies:best social trading platform

  • In Europe, eToro is regulated by the Cyprus Securities and Exchange Commission (CySEC)
  • In the UK, eToro is regulated by the Financial Conduct Authority (FCA)
  • In Australia, eToro is regulated by the Australian Securities and Investments Commission (ASIC)

eToro CopyTrader platform has an easy-to-use interface, and it’s very intuitive to work with. The copy trading platform can be accessed via a Web Trader platform and via a mobile App.

CopyTrader Feature

CopyTrader technology allows you to view how professional traders perform and copy them. Therefore, copying their profits and losses as well. The eToro social trading allows traders to:

  • Copy individual traders
  • Copy other crypto-traders
  • Invest in CopyPortfolios hat blends together stocks, commodities and ETFs under one diversified investment

How to Copy Trade

The best performing traders on eToro are usually featured on their website. If you’re an experienced trader, you can join the Popular Investor Program where you can earn up to 2% on the assets under management. For example, if you meet eToro’s requirements and other traders with a total AUM of USD 100,000 start copying your signals, you can earn a passive income of USD 2,000.

Note* In 2019, eToro’s 50 most copied traders generated more than 29% yearly profits.

eToro’s Trading Fees

While there are no management fees to copy other traders or invest in CopyPortfolios, the underlying transactions do incur a fee that comes in the form of the spread. eToro is also free with the following online services:

  • Opening a trading account
  • Zero-commission on stock and ETFs trading
  • No management fees
  • No deposit fees

0 Commission Trading on Stock

Another general fee you can expect to pay is USD 5 on withdrawals, but this fee can be waived off if you become a Platinum member and make a minimum deposit of USD 25,000. Additionally, there is a USD 10 monthly inactivity fee if you don’t log in for 12 consecutive months.

Responsible Trading Policy

Copy-trading has some inherent risk, which is why eToro uses a responsible trading policy to help traders mitigate that risk. In this regard, eToro recommends to not risk more than 20% on any given trade or allocating more than 40% of your equity to a copied trader.

Additionally, eToro limits the maximum leverage following the guidelines of global financial regulators:Responsible Trading Policy

  • Maximum leverage of 30:1 for major FX pairs and 20:1 for non-majors pairs, gold and major indices
  • Maximum leverage of 10:1 for commodities and non-major equity indices
  • Maximum leverage of 5:1 for individual equities
  • Maximum leverage of 2:1 for cryptocurrencies

Final Words On eToro’s Social Trading Platforms

At the end of the day, eToro is the world’s biggest social trading network. However, the ability to make money on copy trading revolved around your ability to assess other traders’ performance. There is no guarantee that the copied trader will continue to make money in the future. All investments come with a risk. The minimum deposit to start copy trading with eToro is USD 200.

6. FOREX.com Good Broker With Large Range Of Currency Pairs

FOREX.com

Forex Panel Score

61

Average Spread

EUR/USD = 0.8
GBP/USD = 0.8
AUD/USD = 1.7

Trading Platforms

MT4, MT5

Minimum Deposit

$100

Why We Recommend FOREX.com

Broker Details

The Broker That Has A Large Range Of Currency Pairs

Out of all the forex brokers accepting traders from Thailand, Forex.com offers the largest range of currency pairs. You can start forex trading on over 90 currency pairs including spot metals, transparent pricing, EUR/USD spread as low as 1.0 pips and no commissions.

Forex.com is a US-based brokerage trading firm. It’s actually the brand name of GAIN Capital Holdings which is a company publicly listed on the New York Stock Exchange (NYSE: GCAP). Founded in 2001, they are one of the oldest regulated forex brokers that follows the guidelines of 7 top-tier governing bodies worldwide, including:

  • Registered with the Commodity Futures Trading Commission (CFTC) and member of the National Futures Association (NFA # 0339826) in the USA
  • Financial Conduct Authority (FCA) in the UK
  • Australian Services and Investments Commission (ASIC)
  • Financial Services Authority (FSA) in Japan
  • Monetary Authority of Singapore (MAS)

Traders in Thailand will follow regulations from the Cayman Islands Monetary Authority (CIMA) License number 25033which is the regulator of the Cayman Islands.

Foreign Exchange Market

In the table below, you can find the largest forex brokers in Thailand by the range of currency pairs.

Forex.com Pepperstone FPMarkets Go Markets eToro ThinkMarkets
Number of Currency Pairs +90 +60 +60 +50 +47 +38

Forex.com Trading Conditions

At Forex.com, you can trade on the foreign exchange market using three different pricing models:

  • Spread-only model – no commission; supports the full suite of MetaTrader platforms (MT4, MT5 and Web Trader); recommended minimum balance of USD 1,000; typical 1.5 pips EUR/USD spread and 2.0 pips AUD/USD spread (based on price data from Nov 30, 2020)
  • Fixedcommission model – USD 5.0 commission for every 100,000 units traded and much lower spreads as low as 0.2 pips; a recommended minimum balance of USD 1,000; Forex.com advanced desktop platform and Web Trader
Standard Account Commission Account DMA Account
Currency Markets +80 +80 +58
EUR/USD Spread as Low as 1.0 pips 0.2 pips 0.1 pips
Commissions None $5 per 100k $60 per 1Mill
Platforms MT4, MT5, Forex.com Desktop and Web Trading platforms Forex.com Desktop and Web Trading platforms Forex.com Desktop and Web Trading platforms
Recommended Balance $1,000 $1,000 $25,000
Market Maker model Yes Yes No
STP and DMA Model No No Yes
API Trading Yes Yes No

It’s important to note that the standard account and the commission-based account use a market-maker model. Market-making brokers make the market for their clients through their own dealing desk, without relying on external liquidity providers.

Forex Fast Order Execution speed

Final Verdict On Forex.com

With over 200,000 retail investor accounts in over 180 countries, Forex.com is the best FX online provider. Additionally, traders can access over 4,500 financial instruments for more trading opportunities. Local traders can trade USD/THB with a spread as low as 3.7 pips and enjoy up to 15% in cash rebates if you’re a high-volume currency traders.

7. FXCM Best Broker For Cryptocurrency And BitCoin Trading

FXCM

Forex Panel Score

72

Average Spread

EUR/USD = 0.3
GBP/USD = 0.9
AUD/USD = 0.4

Trading Platforms

MT4, TradingView, Trading Station

Minimum Deposit

$50

Why We Recommend FXCM

Broker Details

The Best Broker For Cryptocurrency And Bitcoin Trading

Compare Forex Broker’s top picks for the best bitcoin CFD trading brokers is FXCM followed by eToro. FXCM is the best overall for cryptocurrency trading. Thailand residents can find 7 of the world’s most traded cryptocurrencies on the market, along with a crypto basket. FXCM’s CryptoMajors Basket will give you exposure to the most popular 5 cryptocurrencies.

FXCM is a multi-regulated forex broker that follows the strict guidelines imposed by tier-1 agencies, FCA and ASIC and tier-two agency FSCA. Traders in Thailand can choose between FXCM Markets Limited based in Bermuda, which does not hold any regulatory license or Forex Capital Markets Limited, which holds an FCA regulatory license. Clients are encouraged by FXCM to join FXCM Markets, as FCA regulations may change in the future.

FXCM Cryptocurrency Trading

This brokerage trading firm offers the ability to go both long and short with leverage up to 4:1 on the following digital currencies: Bitcoin (BTC/USD) with an average spread of 26.23, Bitcoin Cash, Ripple, Ethereum, Litecoin, EOS and Stellar.

Average Spread Smallest Trade Size Largest Trade Size
Bitcoin (BTC/USD) 26.23 0.01 BTC 5 BTC
Bitcoin Cash (BCH/USD) 2.93 0.1 BCH 100 BCH
Ripple (XRP/USD) 0.007 100 XRP 10,000 XRP
Ethereum (ETH/USD) 1.87 0.10 ETH 100 ETH
Litecoin (LTC/USD) 0.6 1 LTC 1,000 LTC
EOS (EOS/USD) 0.03 1 EOS 1,000 EOS
Stellar (XLM/USD) 0.0015 100 XLM 10,000 XLM
CryptoMajors Basket 2 34.70 USD 200 Units

Additionally, FXCM offers a CryptoMajors Basket that acts as a benchmark built to mirror the change in the price of the most traded cryptocurrencies. The Crypto basket includes Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash ABC. The CryptoMajors Basket offers a more cost-effective way to gain exposure to the cryptocurrency market as a whole.

Cryptocurrency index Trading

At FXCM, cryptocurrency trading is available on all supported platforms of FXCM’s Trading Station (web, desktop and mobile trading) and MetaTrader 4.

Cryptocurrency CFD Trading Advantages And Risks

Speculating on the bitcoin price movements it’s possible through CFD trading. However, it can have both advantages and high risks due to the high volatility nature of these instruments. Some advantages of bitcoin trading with FXCM include:FXCM BTCTrading

  • Benefit from both rising and falling crypto prices (trading CFDs allows profiting by going short in falling markets)
  • No crypto wallet or hardware wallet or exchange account
  • Low cost of entry – buy and sell a fraction of a bitcoin
  • More buying power through the use of leverage (maximum leverage of 4:1)

The high risk of cryptocurrency trading comes due to volatility, weekend gapping and negative slippage. On the downside, FXCM only offers crypto trading on the weekdays, over-the-weekend trading is not allowed.

Final Words On FXCM To Trade Crypto

Based on our start scoring system, FXCM is the best overall for crypto and bitcoin trading. Clients residing in Thailand can get a USD 25 deposit bonus as a gift if you fund your account with an initial deposit of USD 50. Don’t miss out on your bonus, click the button below and collect it today.

8. HF Markets Good Broker With MetaTrader 5 and Micro Trading

HF Markets

Forex Panel Score

50

Average Spread

EUR/USD = 0.6
GBP/USD = 0.7
AUD/USD = 0.1

Trading Platforms

MT4, MT5

Minimum Deposit

$0

Why We Recommend HF Markets

Broker Details

The Best Broker With MetaTrader 5

HotForex was hand-picked as the best MetaTrader 5 specialist with micro trading. HotForex offers four different micro-lot account types on the multi-asset MT5 platform, 150 financial instruments, raw spreads (0.1 pips spread on EUR/USD) and 11 free funding methods.

Headquartered in Cyprus, HF Markets follows the financial guidelines of 3 tier-one regulatory bodies (CySEC, FCA and DFSA) and 2 tier-2 regulatory bodies (FSCA and FSA). Traders in Thailand will be signed with HF Markets (SV) Ltd which is registered in St. Vincent & the Grenadine with the registration number 22747 IBC 2015.

HotForex Regulation

Forex Brokers With Micro Accounts

A micro account is a great solution for investors with small capital. Forex trading with a micro account allows you to trade with lot size as low as 1,000 units of a currency (or 0.01 of a standard lot), which is equivalent to USD 0.1 per pip.

HotForex allows micro lots trading on 4 trading accounts (including 49 currency pairs) with different trading conditions:

  • Premium Account – minimum deposit of USD 100, variable spreads from 1.0 pips, trade size increment of 0.01 lots
  • Zero spread – minimum deposit USD 200, raw spreads with no markups, USD 6 round-turn commission, trade size increment of 0.01 lots
  • Premium Pro – minimum deposit USD 500, designed for professional traders, spreads from 1.0 pips, trade size increment of 0.01 lots
  • HFCopy – minimum deposit USD 1,000, spreads from 1.0 pips, trade size increment of 0.01 lots, available instruments (Forex, Bitcoin and Gold)

MT5 Platform Features

HotForex MT5 platform is supported across 5 different devices (desktop, web trader, iPhone, iPad and Android). MetaTrader 5 is designed to support multi-assets trading, whereas MT4 is a specialized forex trading platform. HotForex MT5 solution provides access to 8 different asset classes (forex, cryptocurrencies, metals, commodities, energies, indices, shares and bonds).

Additionally, HF Markets MT5 terminal offers an enhanced trading experience. Some MT5 advantages and benefits can be reviewed below.HotForex MT5 Terminal

Final Verdict On HotForex MT5 Offering

Overall, HotForex is the best broker that features the MetaTrader 5 platform along with micro-lots trading. You get to trade an impressive group of asset classes, variable or raw spreads, negative balance protection, segregated bank accounts and much more.