This comprehensive guide aims to help you choose the best forex brokers in Thailand, leaving you to focus on being profitable in the forex markets.
Ranking Methodology: While assessing hundreds of forex brokers across the globe, and ranking the best forex brokers in Thailand, some of the critical factors which influenced our judgments include; regulatory compliance and safety, trading fees (spreads, commissions, and overnight fees), non-trading fees, base currencies offered, payment methods, product offering, execution model, execution speed, assets, trading platforms, research, education, and customer support service.
Table of Contents
Best Forex Brokers in Thailand
Following an in-depth review and ranking process, here are the best forex brokers in Thailand;
- XM
- Exness
- IC Markets
- Admirals
- FBS
1. XM
XM is a multi-award-winning online broker established in 2009 by Trading Point Holding. It is also one of the world’s biggest forex providers (by trade volume) and has an enormous client base of over 5 million traders across 190 countries worldwide.
XM offers CFDs across various global markets, including forex, stocks, commodities, equity indices, precious metals, energies, and shares, with over 1000+ instruments to trade.
Some significant advantages of trading with XM include deep liquidity, fast order execution, low minimum deposit (from $5), multiple fast & secure payment methods, industry-standard trading platforms, quality education & research offering, and excellent customer support service.
Along with adequate support and excellent trading conditions, XM provides traders with a flexible trading ecosystem where traders of all levels can thrive. This is due to its tailored accounts offering, which comes with slight differences in structures, such as pricing and contract sizes.
XM Overview
| Broker | XM |
|---|---|
| Regulation | CySEC, DFSA, ASIC, IFSC, FCA, BaFin, CNMV, MNB, CONSOB, ACPR, FIN-FSA, KNF, AFM, and FI. |
| Forex Pairs | 55 Currency Pairs. |
| Trading Platforms | MetaTrader 4, MetaTrader 5 |
| Minimum Deposit | $5 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:888 |
| Account Currencies | USD, EUR, GBP, JPY, CHF,AUD, HUF, PLN, RUB, SGD, ZAR |
| Payment Methods | Wire Transfer, Internet Banking, Local Bank Transfer, Credit/ Debit Cards, Neteller, Neteller VIP, Skrill, UnionPay, RapidPay, POLI |
| Trading Tools | Virtual Private Server (VPS) |
Pros
- Strong regulatory framework.
- Easy account registration process.
- Deep liquidity.
- Fast order execution.
- Multiple tailored account types.
- Offers swap-free accounts.
- Low minimum deposit (from $5).
- Industry-standard trading platforms in web, mobile and desktop versions.
- Supports all trading styles and strategies.
- Provides support for Expert Advisors (EAs).
- Offers 11 account base currencies.
- Multiple fast and secure payment methods.
- Quality education & research offering.
- Ultra-low spreads from 0.0 pips on the Zero account.
- Excellent customer support service.
Cons
- No proprietary trading platform.
- Its product offering is limited to CFDs.
2. Exness
Exness is a global, award-winning online broker established in 2008 by Nymstar Limited, a global brand popularly known for its partnership with Real Madrid. It has a vast client base of over 350,000+ active traders and is one of the largest forex brokers in the world, with a massive monthly trade volume of over $2.7 Trillion.
With Exness, you can trade CFDs across various global markets, including forex, indices, metals, cryptocurrencies, energies, and stocks, with over 1200+ instruments to trade.
Some of the outstanding brokerage service traders can enjoy with Exness includes deep liquidity, fast trade execution, industry-standard trading platforms, high Leverage (up to 1:3000), low forex trading fee, multiple fast & secure payment methods, instant fund withdrawal, free VPS hosting and excellent customer support service.
Exness is great for beginners and professional traders. It also offers a range of account types with excellent trading conditions, which makes it easy for traders to find an account that suits their trading style or needs.
Exness Overview
| Broker | Exness |
|---|---|
| Regulation | FCA (United Kingdom), CySEC (Cyprus), FSA (Seychelles), CBCS, FSC(BVI), FSCA (South Africa) |
| Forex Pairs | 120+ |
| Trading Platforms | Metatrader 4, Metatrader 5 |
| Minimum Deposit | $1 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:Infinity |
| Account Currencies | AUD, USD, GBP, EUR, SGD, CAD |
| Payment Methods | Bank Wire Transfer, Credit/ Debit Cards, Skrill, Neteller, WebMoney, PerfectMoney, Bitcoin, Tether |
Pros
- Strong regulatory framework.
- Deep liquidity.
- Negative balance protection
- Hassle-free account opening process.
- Multiple industry standard trading platforms in web, mobile, and desktop versions.
- Over 120+ currency pairs, including major, minor and exotic currency pairs.
- High Leverage (up to 1:3000).
- Multiple tailored account types.
- Low forex trading cost.
- Offers the highest forex leverage in the industry.
- Multiple fast and secure payment methods.
- Offers instant withdrawals.
- Excellent customer support service.
Cons
- Its product offering is limited to CFD trading only.
3. IC Markets
IC Markets is a leading global online broker and one of the world’s largest forex providers by trade volume, with over 29 Billion USD in FX trades processed daily. It offers CFDs on various global markets, including forex, stocks, commodities, indices, cryptocurrencies, bonds, and futures, with over 2250+ instruments to trade.
With IC Markets, you can enjoy a plethora of top-notch trading services, including transparent pricing, low trading & non-trading fees, consistent ultra-low spreads from 0.0 pips, fast trade executions, low slippage, deep liquidity, advanced trading platforms & tools, and 24/7 customer support service.
IC Market’s ease of use, and excellent trading conditions, make it a suitable broker for traders of all experience levels. IC Markets also provides adequate support for various trading strategies, such as hedging, scalping, and algorithmic trading. Likewise, Its unique trading conditions, such as ultra-low trading fees, fast execution, and deep liquidity, make it an excellent choice for active and high-volume traders.
IC Markets Overview
| Broker | IC Markets |
|---|---|
| Regulation | ASIC, FSA, and CySEC. |
| Forex Pairs | 61 Currency Pairs |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| Minimum Deposit | $200 or currency equivalent. |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF. |
| Payment Methods | Credit and debit cards, Paypal, Neteller, Neteller VIP, Skrill, UnionPay, Wire Transfer, Bpay, FasaPay, Broker to Broker, POLI, Rapidpay, Thai internet banking, Vietnamese internet banking |
| Trading Tools | Virtual Private Server (VPS), Trading Servers, MT4 Advanced Trading Tools |
Pros
- Quick account setup.
- Strong regulatory framework.
- Over 180,000+ clients across 190 countries worldwide.
- Multiple industry standard trading platforms in web, mobile and desktop versions.
- Deep liquidity.
- Over 61 currency pairs to trade, including major, minor and exotic currency pairs.
- Flexible leverage (up to 1:500).
- Fast trade execution.
- Supports all trading styles and strategies.
- Offers swap-free account.
- Low trading fees across all account types.
- Ultra-low spreads from 0.0 pips on IC Markets’ Raw Spread accounts.
- Multiple fast and secure payment methods.
- The demo account has an unlimited usage duration.
- No inactivity fee is charged.
- Excellent customer support service.
Cons
- Its product offering is limited to forex and CFDs.
- No proprietary trading platform is offered.
4. Admirals
Admirals is a leading forex and CFD provider established in 2001 by the Admiral Group. It offers over 8000+ instruments across various global markets, including forex, commodities, indices, stocks, ETFs, and bonds.
Along with access to over 8000+ instruments, traders can also enjoy several other exceptional trading services such as deep liquidity, superior order execution, industry-standard trading platforms, competitive spreads from 0.0 pips, multiple fast & secure payment methods, impressive educational and research offerings, and an excellent customer support service.
Admirals is a suitable broker for both beginner and professional traders. It is also ideal for traders who enjoy using the MetaTrader trading terminal and all that it offers because it offers multiple MetaTrader-themed account types, which enables traders to choose a MetaTrader account type that best suits their trading needs.
Admirals Overview
| Broker | Admirals |
|---|---|
| Regulation | FCA, EFSA, JSC, CySEC and AFSL. |
| Forex Pairs | 50 Currency Pairs |
| Trading Platforms | MetaTrader Web Trader, MetaTrader 4, MetaTrader 5 |
| Minimum Deposit | $100 or currency equivalent. |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | EUR, USD, AUD, BGN, CHF, CZK, GBP, HRK, HUF, NOK, PLN, RON, RUB, SEK, CNY, SGD, CLP, IDR, MYR, THB, VND |
| Payment Methods | Bank Transfer, Credit/ Debit Cards, Paypal, Klarna, Skrill, Neteller, SafetyPay, Przelewy, iBank & BankLink, iDeal |
| Trading Tools | MetaTrader Supreme Edition, StereoTrader, Virtual Private Server, Parallels for Mac |
Pros
- Strong regulatory framework.
- Great for beginners.
- Deep liquidity.
- Industry-standard trading platforms in web, mobile and desktop versions.
- Multiple account types with excellent trading conditions.
- Wide range of asset classes.
- Competitive spreads and low commissions.
- Supports all trading styles and strategies.
- Multiple fast and secure payment methods.
- Fast order execution.
- Transparent fee structure with no hidden charges.
- Offers Isalmic swap-free account.
- Outstanding education offering.
- Excellent customer support service.
Cons
- The demo account is available for only 30 days.
5. FBS
FBS is a global award-winning online broker established in 2009. It has maintained a tremendous reputation amongst traders over the years and has amassed a huge client base of over 23 million active traders in 190+ countries worldwide.
FBS offers CFDs across various global markets, including forex, stocks, indices, metals, energies, and cryptocurrencies, with over 150 instruments available to trade.
Some of the outstanding benefits you can enjoy with this broker include fast order execution, deep liquidity, industry-standard trading platforms, low trading fees, low minimum deposit from $1, multiple tailored account types, multiple fast & secure payment methods, high Leverage (up to 1:3000) and an excellent 24/7 customer support service.
FBS offers an all-around trading solution that accommodates traders of all experience levels and traders with different capital sizes. Traders with low capital are welcomed with low minimum deposits and trading fees, while high-volume traders, on the other hand, can save a lot of money with their low trading fees.
FBS Overview
| Broker | FBS |
|---|---|
| Regulation | IFSC (Belize), CySEC (Cyprus), ASIC (Australia), FSCA (South Africa) |
| Forex Pairs | |
| Trading Platforms | FBS Trader, MetaTrader 4, MetaTrader 5 |
| Minimum Deposit | Cent Account – $1 Micro Account – $5 Standard Account – $100 Zero Spread Account – $500 ECN Account – $1000 Crypto Account – $1 |
| Demo Account | Yes |
| Maximum Leverage | Cent Account – 1:1000 Micro Account – 1:3000 Standard Account – 1:3000 Zero Spread Account – 1:3000 ECN Account – 1:500 Crypto Account – 1:5 |
| Account Currencies | USD, EUR |
| Payment Methods | Bank Wire Transfer, Credit Card, Debit Card, Perfect Money, WebMoney, cashU, Neteller, UnionPay, Skrill, OkPay, FasaPay, Local Deposits, SticPay |
| Trading Tools | Economic Calendar, Forex Calculators, Currency Convertors |
Pros
- Strong regulatory framework.
- Over 23 million active traders in 190+ countries worldwide.
- Low minimum deposit (from $1).
- Fast order execution.
- High Leverage (up to 1:3000).
- Low forex-trading fees.
- Multiple account types.
- Fast and secure payment methods.
- Industry-standard trading platforms.
- Great bonuses and contests for traders.
- Excellent customer support service.
Cons
- Its product offering is limited to CFDs.