Best Forex Brokers in Thailand 2021

Best Forex Brokers In Thailand

A broker plays an important role in your trading journey because a broker is a medium through which you are connected to the market. Pick the right broker is an essential part of the trading journey. We all know that it is not an easy task to select Best Forex Brokers in Thailand. For your help here we provide you a list of the top nine best forex brokers Thailand through which you can compare top leading providers. Check here a list of excellent FX trading platforms where you can enjoy trading over a wide range of assets. 

Primefin Review

Primefin is an online website that offers trading services over 350+ assets like forex, metals, indices, stocks, commodities, and cryptocurrency. Caps Solutions Ltd offers its trading services under the domain name Primefin. The provider is regulated by the Labuan Financial Services Authority (LFSA) with the license number MB/20/0052. 

The broker provides commission-free services to their clients. Traders need to submit $250 as a minimum deposit from opening an account on the broker website. The broker provides maximum leverage of 1:100 for forex and the minimum leverage is 1:2 for cryptocurrency. 

Here traders can enjoy one of the most popular trading platforms MetaTrader 4 and WebTrader. Prime is one of the best forex brokers in Thailand. Here investors can enjoy negligible spreads through this platform. The broker also has a MT 4 mobile application through which you can trade from anywhere any time. Check here the Pros and Cons of PrimeFin broker: 

Pros:

  •  Regulated FX broker
  • 350+ tradable assets 
  • Easy to use trading platform
  • 24/7 Customer Support
  • A wide range of educational material.

Cons

  • MetaTrader 5 is not available
  • High Swap fee but discounts are available

InvestBy Review

InvestBy is an online broker where you can enjoy CFD trading on 350+ tradable assets like Indices, stocks, forex, commodity, and cryptocurrency. InvestBy is a trading name of TechFX limited. The company is registered under the Law of Belarus with the registration number 693150519. TechFX LLC offers its trading services under its trading name InvestBy. 

Investors can experience commission-free trading on InvestBy online website. The maximum leverage offered by the broker is 1:200 for forex trading and the minimum leverage is 1:2 for cryptocurrency trading. Here you get access to the MetaTrader 4 platform which is one of the finest tradings. MT 4 WebTrader and Mobile applications are available on the broker website. 

The minimum deposit for opening an account on InvestBy website is $250. The broker’s customer support services are always ready to help you 24/5. Here investors should get minimal spread which helps traders to make their trade efficient. The broker also has quality research and educational material. The broker holds the second position on the list. Check here the Pros and Cons of InvestBy one from the list of best forex brokers Thailand.

Pros 

  • Regulated broker
  • Competitive spread 0.03 pips
  • Commission-free trading
  • Multilingual supports 11 different languages.
  • High trade execution speed
  • Swap discount available

Cons

  • No MetaTrader 5 platform
  • High Swap charges 

Exness

Exness is a trading name of a global brokerage firm that offers its trading services over various tradable assets. The provider was founded in 2008. The broker is regulated by the Financial Services Authority (FSA) with the license number SD025. The provider may also be authorized and regulated with CySEC and SFSA.  

Traders have to pay a minimum deposit of $1 for opening an account on the broker website. Exness should be kept in the third position in the List of Best Forex Brokers in Thailand. The broker provides tight spreads and no hidden commissions are available. The maximum leverage offered by the broker is 1:1000 and the minimum leverage is 1:30. 

Investors can enjoy trading over MetaTrader 4 and MetaTrader 5 trading platforms which are the top leading platforms of the forex market. Exness customer support is always ready to help their clients. They offer their support services 24/7 in two languages: English and Chinese. Check here the Pros and Cons of Exness online broker.

Pros 

  • Regulated broker
  • Provide competitive spread
  • Maximum Leverage: 1:1000
  • Helpful customer support 24/7
  • Access to Mt 4 and Mt 5 platform

Cons

  • Limitation on product offering
  • Swap charges 

Pepperstone

Pepperstone is a brokerage firm that provides trading services over 200 instruments such as Forex, indices, commodity, shares, ETFs, cryptocurrency, and so on. The broker was founded in 2010. The broker is regulated by the Cyprus Securities and Exchange Commission with the license number 388/20. Pepperstone EU Limited is offering its trading service under the domain name Pepperstone. 

The brokers charge a very small commission from their clients. Traders should get access to the trading tools and market analysis after opening an account on the broker website. Traders need to pay $ 200 as a minimum deposit for opening a trading account. The broker provides both MetaTrader 4 and MetaTrader 5 trading platforms to their clients. 

The broker customer support services are available 24 from Monday to Friday. In the list of best forex brokers Thailand, Pepperston holds the fourth position. Check the pros and cons of Pepperstone broker from here.

Pros

  • Regulated brokerage firm
  • Access to MT 4 and MT 5 trading platform
  • 24 hours Customer support
  • Fast trade execution speed

Cons

  • Need to pay a commission fee
  • Belgium and the US residents are not allowed

Forex Time (FXTM)

Forex Time or FXTM is a trading name of ForexTime Limited. The broker was founded in 2011. The provider is authorized and regulated by the various financial authorities such as FCA, FSCA, and by Cyprus Securities and Exchange Commission with the license number 185/12. Traders can enjoy trading over 250+ tradable assets such as forex, metal, share, commodities, indices, and so on. 

Investors need to pay a minimum deposit of $200 for opening an account on the broker’s website. The broker provides MetaTrader 4 trading platform as well as MetaTrader 5 for experiencing high-level trading. The maximum leverage offered by the broker is 1:200. 

The FXTM Customer support term is available 24/5 for customer help. Traders can contact them through email, phone calls, and live chat. FXTM holds the fifth position in the list of best forex brokers in Thailand. Check here the Pros and Cons of FXTM online broker from here.

Pros

  • Regulated broker
  • Access to MT 4 and MT 5 
  • User-Friendly Customer Support
  • Low deposit free
  • A wide range of research & education material

Cons

  • High withdrawal fee
  • High Stocks spreads

XTB

XTB is an online brokerage firm that offers trading over 2100+ assets such as forex, commodities, indices, stock, CFDs, ETF, and others. The broker is operated by XTB Limited. The provider is authorized and regulated by the UK Financial Conduct Authority with the license number FRN 522157. The broker provides high-level security to their clients by keeping their funds in a segregated account. 

Traders can open an account on the XTB broker’s website without paying any minimum deposit. The maximum leverage offered by the broker is 1:500. Investors should experience negligible spread and high leverage on the XTB broker’s portal. The XTB customer support term is ready to resolve your problem from 24/5.

Traders can get in touch with them through phone calls, email, and other ways. The broker does not provide the MT 4 platform to their client. They provide their own trading platform such as xStation 5 which you can also use on mobile phones. XTB holds the sixth position on the list of Best forex brokers in Thailand. Check here the Pros and Cons of the XTB online brokerage firm. 

Pros 

  • A good amount of assets are available at 2100+.
  • High Leverage available
  • Regulated broker
  • Commission-free services

Cons

  • No MT 4 and MT 5 are available
  • Do not accept U.S. customers
  • No guaranteed stop loss

OctaFX

OctaFX is a trading name of Octa Markets Cyprus Ltd which was founded in 2011. The broker is regulated and authorized by the Cyprus Securities and Exchange Commission (CySEC) with the license number 372/18. The company is registered by the Republic of Cyprus. 

The broker provides commission-free services to their clients. The maximum leverage offered by the broker is 1:500. For opening an account on a broker website you need to pay a minimum deposit of $50. The broker customer support is very user-friendly which is available 24/7 for customers’ help. 

Here you get access to the MetaTrader 4 and Metatrader 5 trading platforms to their clients. Investors will get a minimal spread which helps to perform trade freely. In the list of best forex brokers in Thailand, OctaFX is situated at the seventh position. Check here the Pros and Cons of OctaFX broker. 

Pros

  • Forex ECN account is available. 
  • Maximum leverage: 1:500
  • Access to MT 4 and MT 5 platform 
  • A wide range of analysis tools are available

Cons

  • Limited commodities are available
  • High Swap charges but discounts are available

HotForex

HotForex is an online brokerage firm that offers trading services over 1000+ tradable instruments such as Bond, Forex, metal, Indices, shares, and so on. The broker is operated by HF Market Ltd. The provider is regulated by the Cyprus Securities and Exchange Commission (CySEC). The minimum deposit is 5 US $ for opening an account on the broker’s website. 

Investors will get access to the MetaTrader 4 and MetaTrader 5 trading platform to their clients. Both trading platforms are popular FX traders. The broker customer support team is available 24/5 for customer help.

Traders can contact them through phone calls, live chat, and email. HotForex holds the eighth position in the list of Best Forex brokers Thailand. Check here the Pros and Cons of Hotforex from the points given below.

Pros 

  • Regulated broker
  • Provide access to 1000+ assets
  • MT 4 and MT 5 trading platforms are available
  • Trading fees are very low
  • Quality educational material is available

Cons

  • No social trading features 
  • A limited number of markets

eToro

eToro is a trading name of eToro Limited which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker allows you to trade 2000+ assets like stocks, Forex, ETF, Cryptocurrency, and CFD. The maximum leverage provided by the broker is 30:1 for forex and the minimum leverage is 5:1 for stock CFDs. 

The minimum deposit is $200 for opening an account on the broker’s website. Here you get access to the multi assets trading platform which you can access to their PC, tablets, Mobile phones, etc. The broker’s Customer support is available 24/5 for customer help. 

eToro holds the ninth position in the list of Best forex broker Thailand. Check here the pros and cons of eToro broker.

Pros 

  • Cryptocurrency is available 
  • Low minimum deposit 
  • Social Trading is available

Cons

  • Provide services to only 44 US states 
  • No MT $ & MT 5 available

How to open an account with the Best Forex Brokers in Thailand?

Traders can open an account on Thailand Forex broker in a very easy way by following the points given below. Investors can follow these points at any broker platform for opening a trading account. The “Open Account” button is often present on the Homepage of the broker’s website. Click on that button and follow the instructions given below. 

  1. First, click on the “Open Account” button available on the broker’s website homepage. 
  2. A new page will open on your device screen. On that page, you need to fill in your personal details such as first name, last name, email address, phone number, Country code, etc. Click on the submit button.
  3. The next page will open in front of you. On that page, the broker will ask you to enter details related to your past trading experience. 
  4. Now on the third page, you have to answer a few questions related to trading and your requirements. Now submit the minimum deposit if your broker asks and submit your identity verification documents.
  5. Now you are all ready to enjoy trading with the best Forex brokers in Thailand. 

Pros and Cons of trading in Thailand

Pros 

  • Thailand offers a wide trading market where a lot of trading websites are available for online trading.  
  • A huge market gives you the strength to make a profit easy as well as quickly. 
  • Most Thailand brokers provide commission-free services. And If any broker changes commission the amount is very low.
  • You can take advantage of the high leverage provided by the best forex brokers in Thailand which are too high compared to other countries’ brokers. 

Cons

  • They offer limited account options. Generally, three options are available such as Silver account, Gold account, and Platinum account.
  • They provide services in restricted areas. They do not offer worldwide trading services. 

Conclusion

Now we reached the end of the article where we have the top nine best forex brokers in Thailand. Here we provide you brief details about each broker through which you can determine which broker is best for you. Here we also discuss the advantages and disadvantages of trading in Thailand. Read this article to get complete details about the best forex brokers in Thailand. 

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