Best Forex Brokers To Trade With in Thailand for 2020
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.
Featured Forex Brokers
We decided to do all the hard work for you and guide you through the all the noise of the financial betting market. Our team of expert analysts, has created a unique collection of forex broker reviews, based on various criteria and data points for you to choose from.
XM
GlobeX360
IC Markets
IQOption
Axiory
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.
However, it is advised to choose a regulated broker with a Tier 1 license like Cysec, FCA, FSCA or ASIC to make sure your funds are protected.
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
 Review | Regulated by: CySEC, IFSC, ASIC | Leverage: 1:30 *Max for EU clients | Trading Platforms: MT4, MT5, Mobile App |
| Min. Deposit: $5 | Spreads: Low as 0.1 pips | Trading Instruments: 250+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSCA | Leverage: 1:500 | Trading Platforms: MT4, SocialCopy Trade |
| Min. Deposit: No min Deposit | Spreads: Low as 1.6 pips | Trading Instruments: 250+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: ASIC | Leverage: 1:500 | Trading Platforms: MT4, MT5, cTrader, ZuluTrader |
| Min. Deposit: $/€/£ 200 | Spreads: Low as 0.0 pips | Trading Instruments: 250+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: CySec | Leverage: 1:1000 | Trading Platforms: In-House Platform |
| Min. Deposit: $/€/£ 10 | Spreads: Floating from 1 pip | Trading Instruments: 250+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: IFSC | Leverage: 1:777 | Trading Platforms: MT4,cTrader |
| Min. Deposit: $50 | Spreads: Floating from 0.6 | Trading Instruments: 50+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSCA | Leverage: 1:200 | Trading Platforms: MT4, Sirix |
| Min. Deposit: $250 | Spreads: Start from 2.0 | Trading Instruments: 1000+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSCA | Leverage: 1:500 | Trading Platforms: MT4 |
| Min. Deposit: $250 | Spreads: Floating from 1.6 | Trading Instruments: 250+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: ASIC | Leverage: 1:500 | Trading Platforms: MT4,MT5 |
| Min. Deposit: 200 AUD | Spreads: Floating from 1 | Trading Instruments: 250+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSCA,FCA,CySEC,ASIC | Leverage: 1:300 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $250 | Spreads: Floating from 0.5 | Trading Instruments: 250+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: ASIC, JFSA, FSCA | Leverage: 1:400 | Trading Platforms: AvaTradeGo, MT4, DupliTrade, ZuluTrade |
| Min. Deposit: $/€/£ 250 | Spreads: Floating from 1 pip | Trading Instruments: 250+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: CySec | Leverage: 1:500 | Trading Platforms: MT4, MT5, cTrader |
| Min. Deposit: $/€/£ 50 | Spreads: Low as 0.4 pips | Trading Instruments: 250+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: CySEC, FCA, ASIC | Leverage: 1:30 | Trading Platforms: OpenBook and WebTrader |
| Min. Deposit: $/€/£ 200 | Spreads: Variable | Trading Instruments: 250+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FCA | Leverage: 1:30 | Trading Platforms: MT4 and xStation5 |
| Min. Deposit: $/€/£ 250 | Spreads: Low as 0.1 pips | Trading Instruments: 250+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: IFC | Leverage: 1:500 | Trading Platforms: Olymp Trade WebTrader |
| Min. Deposit: $/€/£ 10 | Spreads: Low as 0.0 pips | Trading Instruments: 250+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSCA | Leverage: 1:400 | Trading Platforms: MT4,Cloud Trade |
| Min. Deposit: $100 | Spreads: Floating from 1.6 | Trading Instruments: 250+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSCA | Leverage: 1:400 | Trading Platforms: MT4 |
| Min. Deposit: $200 | Spreads: Floating from 1.5 | Trading Instruments: 250+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSCA | Leverage: 1:500 | Trading Platforms: MT4 |
| Min. Deposit: $0 | Spreads: Floating from 1.6 | Trading Instruments: 250+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSCA | Leverage: 1:200 | Trading Platforms: MT4 , MT5 |
| Min. Deposit: R2,000 | Spreads: Floating from 1.6 | Trading Instruments: 250+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: CySEC,FCA,FSA | Leverage: 1:2000 | Trading Platforms: MT4 |
| Min. Deposit: $1 | Spreads: Floating from 1.0 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: MSFA, BaFin, FCA | Leverage: 1:100 | Trading Platforms: MT4, MT5 |
| Min. Deposit: $500 | Spreads: Low as 1.2 pips | Trading Instruments: 250+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSCA, FCA, CySEC, FSC | Leverage: 1:1000 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $10 | Spreads: Floating from 0.1 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: ASIC, FCA, CySEC | Leverage: 1:1000 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $100 | Spreads: Floating from 0.1 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: CySEC , FCA , FSA | Leverage: 1:1000 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $100 | Spreads: Floating from 1 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FCA,FSA, FSCA, CySEC | Leverage: 1:500 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $5 | Spreads: Floating from 0.1 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: ASIC, CySEC | Leverage: 1:500 | Trading Platforms: MT4, MT5, IRESS, and WebTrader |
| Min. Deposit: $/€/£ 100 | Spreads: Ultra Tight from 0.0 pips | Trading Instruments: 13,000+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: VFSC | Leverage: 1:200 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $250 | Spreads: Floating from 0.1 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: ASIC | Leverage: 1:200 | Trading Platforms: MT4 |
| Min. Deposit: $200 | Spreads: Floating from 1.5 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSC , CySEC , FSA | Leverage: 1:1000 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $100 | Spreads: Raw Spreads from 0.0 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: BVI, CySEC, LFSA | Leverage: 1:400 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $1 | Spreads: Floating from 1.9 | Trading Instruments: 250+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: ASIC | Leverage: 1:500 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $200 | Spreads: Floating from 0.1 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FCA , ASICC | Leverage: 1:500 | Trading Platforms: MT4,MT5, cTrader |
| Min. Deposit: $200 | Spreads: Floating from 0.0 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FCA, ASIC | Leverage: 1:500 | Trading Platforms: MT4, MT5, ThinkTrader |
| Min. Deposit: $250 | Spreads: Floating from 0.0 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: IFMRRC | Leverage: 1:1000 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $50 | Spreads: Floating from 0.1 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FCA, ASIC | Leverage: 1:500 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $0 | Spreads: Floating from 0.0 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FCA, FSCA, ASIC, FSA | Leverage: 1:50 | Trading Platforms: MT4, IG Trading Platform |
| Min. Deposit: $0 | Spreads: Floating from 0.1 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: UK, FCA, ASIC, MAS, CySEC | Leverage: 1:30 | Trading Platforms: Plus500 trading platform |
| Min. Deposit: $100 | Spreads: Floating from 0.0 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
Methodology
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.
Read more about our methodology and how we do our tests and reviews here.