Best Forex Brokers In Thailand

FP Markets – Best 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, avg execution speed of 40ms, and a no-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)

Bangkok is not a major financial centre 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 who 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:

• 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 centre
• 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

Final Words – Best Thailand Forex Trading Platforms

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.

IC Markets – Top Broker For Low Spreads

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	EUR/USDGBP/USDEUR/GBPUSD/SGDAUD/USDAUD/JPYEUR/JPYUSD/JPYUSD/CAD	EUR/USDGBP/USDEUR/GBPUSD/SGDAUD/USDAUD/JPYEUR/JPYUSD/JPYUSD/CAD	EUR/USDGBP/USDEUR/GBPUSD/SGDAUD/USDAUD/JPYEUR/JPYUSD/JPYUSD/CAD	EUR/USDGBP/USDEUR/GBPUSD/SGDAUD/USDAUD/JPYEUR/JPYUSD/JPYUSD/CAD	EUR/USDGBP/USDEUR/GBPUSD/SGDAUD/USDAUD/JPYEUR/JPYUSD/JPYUSD/CAD
	0.02	0.23	0.27	0.85	0.17
	0.10	0.20	0.40	1.30	0.20
	0.09	0.59	0.40	1.38	0.17
	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

Data taken from broker website. Accurate as at 01/01/2022

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

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 Words – Low Spread Broker for Forex Traders

Overall, 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.

ThinkMarkets – 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

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

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 choose the ThinkMarkets Pro account. The pro account comes with high leverage settings, dedicated account manager, and cash rebates.

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

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 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

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 Words – Forex Brokers Best 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.

View ThinkMarkets Review >>Visit ThinkMarkets >>

*Your capital is at risk ‘71.89% of retail CFD accounts lose money’

eToro – 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:

• 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 platform allows traders to:

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

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 fee
• No deposit fee

Another general fee you can expect to pay is USD 5 on withdrawals, but this fee can be waved 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:

• 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 – Best 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 trader’s 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.

*Your capital is at risk ‘68% of retail CFD accounts lose money’

Forex.com – Good Broker With 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 a brand name of GAIN Capital Holdings, Inc. 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 regulation from Cayman Islands Monetary Authority (CIMA) License number 25033which is the regulator of the Cayman Islands.

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

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)
• Fixed–commission 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
• Direct Market Access (DMA) – with STP execution model dedicated for high-volume traders, recommended minimum balance of USD 25,000; commission starting from USD 60 per million; DOM; Forex.com advanced desktop platform and Web Trader

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

Forex.com also offers an agency execution model through their STP Pro account, which has direct market access.

Final Words – Largest Forex Brokers Thailand

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 trader.

FXCM – 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 licence or Forex Capital Markets Limited, which holds an FCA regulatory licence. 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.

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.

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 risk due to the high volatility nature of these instruments. Some of the advantages of bitcoin trading with FXCM include:

• Benefit from both rising and falling crypto prices (trading CFDs allows to profit by going short in falling markets)
• No crypto wallet or hardware wallets 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 – Best Forex Brokers 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.

View FXCM Review >>Visit FXCM >>

*Your capital is at risk ‘67% of retail CFD accounts lose money’

HotForex – Best Broker With MetaTrader 5 and Micro Trading

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.

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 of the MT5 advantages and benefits can be reviewed below.

Final Words – Best MetaTrader 5 Brokers in Thailand

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.