Thailand forex brokers are slowly transforming the country into a major forex trading hub. However, an increasing number of brokers have established a base of operations there that offers support and trading services to the local residents. One of the major reasons is because its economy is continuously growing, and unlike other parts of the world forex trading has never been illegal in Thailand.
Residents of Thailand are not allowed to conduct transactions involving their local currency. All speculation in the Thai Baht is illegal in Thailand. Of course, there are ways to get around that government red tape and brokers can simply set up their forex trading platform using VPS hosting. So, if you are looking for a reliable forex broker in Thailand, you’d better choose among some of the companies licensed by reputable agencies who have their websites available in Thai language and also maintain a Thai customer help desk
Forex trading is not exactly legal in Indonesia, but is considered a grey area. Local residents are advised to trade with a broker who is authorized and regulated by the Financial Services Authority of Thailand- https://www.sec.or.th/
If you want to learn more about forex trading and how it works , click here to visit our Beginners Guide to Forex.
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Forex Regulation in Thailand
The SEC of Thailand , is the regulatory body for all financial services and activities in Thailand. Nevertheless, it is not required to get authorization from the SEC in order to offer financial services and forex trading to the residences of Thailand.
Best Forex Brokers In Thailand
Here is a breakdown of the best forex brokers to trade with in Thailand:
- XM – Low trading Cost, Islamic Account Available
- FP Markets – Best Execution and trading conditions
- GlobeX360 – Best Islamic Broker
- IQOption – Best Performance Overall
- Avatrade – Great Trading Platform. Good for new traders
- Etoro – Best Copy Trading Platform
- Octafx – Great Customer Support
- OlympTrade – Best Mobile Trading App
Broker Comparison List In Thailand
All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas.
Our reviews are a combination of data research and working along side with the brokers. All information povided by the brokers are double checked to guarantee 100% accuracy and that we remain unbiased.