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.
In addition, the country’s financial system is still in the early stages of its development. The Bank of Thailand (BOT) exercises overall supervision on the financial system. In 2017 BOT started a regulatory reform on Foreign Exchange Regulations (including allowing Thais to invest directly in securities abroad at an amount of up to $1 million a year). The Securities and Exchange Commission (SEC) of Thailand supervises the capital markets in the country, regulates securities trading and enforces takeover legislation. We could not find a list or register of approved entities on SEC’s website, nor some specific rules governing online foreign exchange trading in the country.
Thailand Forex Brokers List
MAS, JFSA, DIFC