Best Forex Brokers Thailand

Posted On May 17, 2021, 11:16 am by Christina Clarke

The Thailand Forex trading sector works under the aegis of two main entities, the Bank of Thailand (BOT) and the Thailand Securities and Exchange Commission (SEC). The central bank aims to centralise Thailand’s foreign exchange sector, monitor the capital flow to and from the country. It maintains the stability of the local currency, the Thai baht. 

To achieve the last objective, the central bank circumscribes  THB transactions of non-residents of the country. Moreover, the Bank of Thailand presently issues licenses to commercial banks and companies established under specific laws,  having the authorization to conduct business related to foreign payment modes. Best forex brokers in Thailand have features set to aid Thai investors’ profits.

The Thailand Securities and Exchange Commission (SEC) regulates capital and securities trading. Also, it is the central boy that issues licenses for commercial entities engaged in trading activities.

Who are the best brokers in online forex trading for Thailand residents?

The broker is a key subject of investments in forex and online trading in general. It must be sufficiently competent, giving the best guarantees. The best broker trades the instruments on the market, carries out its activity legally, and is transparent in its activity.

Also, Online brokers allow you to trade on multiple assets:

  •         Forex and Cryptocurrencies,
  •         Indices and stocks,
  •         CFDs and ETFs,
  •         Binary options,
  •         Commodities and bonds.

Each trader has asset preferences based on strategic factors, but some brokers are more established than others in trading each instrument. Make sure your broker is in sync with your trading plan.

Capixal 

Capixal is the brand name of IFC Investments Cyprus Ltd., licensed and regulated by CySEC. The license number is 327/16, and the registration number is 342390. Being a CySEC regulated entity, it follows the safeguards stipulated in the clients’ interest. In other words,

  •         The segregated accounts policy,
  •         The Investor Compensation Fund, and
  •         The negative balance protection policy. 

Tradable assets

Capixal presents you with CFD trading on more than 350 individual assets spread across all asset categories. Swap rates vary with account types. 

Account types

There are silver, gold, platinum accounts. These are available to retail as well as professional clients. Features on professional account are better.

Progressively gold and platinum account get more enriched, with the latter being accorded news alerts and free VPS.

That is beside the preceding account type’s webinars, videos, and dedicated account manager.

Swap discounts on platinum account are double that found on a gold account, which is 50%.

The deposit can be made sans the incurring of fees. 

Trading platform

The trading platform incorporates Webtrader and MetaTrader4. Altogether, these systems have 80+ analytical instruments, more than 30 inbuilt indicators, and 9-time frames. 

Webtrader 

The Webtrader is made to be compatible with all sorts of browsers. A trading interface,  Webtrader needs no installing. Users can log in with the aid of any browser on their device, irrespective of where they are. 

Commonly with the MT4 desktop terminal, the Webtrader presents almost all features to the extent that you can access trading in 350 plus assets. Besides, the platform has customisation friendly analytical instruments. It is easy to track your trading history. Real-time rate streaming and one-click trading make your trades, indeed,  much faster.  

MT4 platform – 

The software runs on your computer with a great many features over and above those for the Webtrader. This is especially true regarding automation and customisation. Compatible with Windows and macOS devices, you may have the option even to install it on Linux devices.

Mobile Trading – 

This permits you to access your funds anywhere. Both Android and Apple users will find this app completely compatible. This is obviously handy if you are away from home/office. 

Leverage 

The broker affords you the benefits of leverage across accounts and across asset classes. In line with Product Intervention Measures, leverage limits are different across the CFDs’ underlying assets and the client categorisation (retail/professional)

Capixal believes it has what it takes to be among the best forex brokers in Thailand.

ROinvesting

ROinvesting is CySEC regulated, the broker has a solid history going back to the founding year 2015.

It is the CFD partner of AC Milan.

The parent company, Royal Forex Ltd., has been licensed and registered (license number

269/15; registration number 336694). These details are on the CySEC(Cyprus Securities & Exchange Commission) register. 

Account types

There are three account types – silver, gold, platinum. 

Hedging is permitted for all account types. Only retail traders use the silver account, the leverage being 1:30. The account shares the features of the ‘fifth decimal’ with the other two accounts.

It goes without saying, the gold and platinum accounts have more features. Both provide

leverage up to 1:500 for professionals, as also a dedicated account manager.

While the swap discounts for the gold account stays 25%, the next account type presents twice the quantum of solace. 

Trading platform

ROinvesting offers all the services available through the MQL5 community in the MetaTrader

platform. Copy-trading services are part and parcel of the scheme. 

ETFinance

ETFinance is the brand name of Magnum FX Cyprus Ltd. The company is licensed and registered according to  CySEC norms. Magnum FX Cyprus Ltd. is situated in Limassol, Cyprus.

The objectives driving this superlative forex broker are:

  •       To give clients access to leading trading tech and platforms;
  •       To help customers invest their money most efficiently.

 The mass of the EEA region is served by the broker, clearly with the potential to be

counted amongst the best forex brokers in Thailand. Magnum FX Cyprus presents

customers with the following opportunities:

·        Investment Services

 Financial instruments orders, including the latter’s reception and transmission;

·        Ancillary Services

  •       Custodianship and other administrative services affecting financial instruments;
  •       Loan grants with respect to financial instruments;
  •       FX services to the extent they impact upon investment services.

Ease of Account Opening

 Opening an account at ET Finance comes free of charge. All you have to do is submit

your personal details and trading experience. Moreover, there are a number of secure deposit methods you can choose from.

Account Types

ETFinance acknowledges that clients come from diverse backgrounds. Some might feel more confident than others concerning their ability to register with a broker. Therefore, you may choose from amongst three account types –

  •       Silver (recommended for beginners);
  •       gold (for the experienced);
  •       Platinum (for the truly seasoned). 

We give characteristics of each account type below:

    The Silver Account – 

  •       750 assets.
  •       0.7 minimum spreads.
  •       1:30 maximum leverage.
  •       Ten hours of customer support every trading day;
  •       Islamic account.

    The Gold Account – 

  •       0.05 minimum spreads;
  •       1:30 maximum leverage (retail account);
  •       1:400/1:500 maximum leverage(professional account);
  •       dedicated account manager;
  •       videos & webinars;
  •       hedging;
  •       swap discount 25%;
  •       Islamic account.

    The Platinum Account – 

  •       0.03 minimum spreads;
  •       1:30 maximum leverage(retail account);
  •       1:400/1:500 maximum leverage(professional account);
  •       dedicated account manager;
  •       videos & webinars;
  •       swap discount 50%;
  •       news alerts;
  •       VPS free of charge;
  •       Islamic account.

Tradable assets

  ET Finance provides you with an extensive range of categories to start trading in:

·        Assets index – 

Several key information documents show the way, particularly those affecting CFD ETFs, CFD stocks, Cfd Indices, and CFDs FX pairs;

·        Forex trading

 Both deposit and withdrawal are easy procedures;

·        Metals trading – 

The broker claims CFDs metals with them as low cost;

·        Indices trading– 

Indices CFDs aim to help you trade on stock collection grouped in a bunch, standing for the general performance of a specific market.

And you may map your strategies with the handy Future CFDs Calendar.

The Best Trading Platform

MetaTrader4 is claimed to be the best trading platform in the business, not way off the mark. It includes in its arsenal a vast range of analytical tools.

·        Made For Complex Trade Execution

The platform allows you to place any number of sophisticated strategies. Tools included are:

·        Market & pending orders;

  •       Instant execution & trading from a chart;
  •       Stop orders & trailing stops;
  •       A tick chart & trading history.

  Besides, trading is more in line with your goals thanks to:

      3 execution modes;

  •       4 pending orders;
  •       2 market orders;
  •       2 stop orders and trailing stop.

ET Finance has become known for a streamlined, a rather comfortable style of trading. 

IGM FX 

IGM FX is a CySEC regulated CFD broker. 

Based in Cyprus, the broker is answerable to MiFID 2. 309/16 is the license number granted to this broker by CySEC. 

As per regulations, the broker holds a  minimum capital of Euros 730,000. Clients’ accounts are segregated from broker accounts, besides Investor Compensation Fund. 

Account types 

There are four account types: 

  • Silver,
  •  Gold,
  • platinum, 
  • VIP. 

These can be opted for by retail and professional traders alike. There are, unsurprisingly,

better features for the professionals. The latter can trade up to leverage 400:1. The retail trader may not aim higher than 30:1. Spreads are identical for silver and gold accounts. 

2.5 EUR/USD; 2.8 GBP/USD; 2.8 USD/JPY; $0.10 Crude Oil. 

The platinum account gives spreads as given: 

1.8 EUR/USD; 2.3 GBP/USD; 2.3 USD/JPY; $0.08 Crude Oil.

For VIP account, the spreads are: 

0.9 EUR/USD; 1.4 GBP/USD; 1.4 USD/JPY; $0.06 Crude Oil. 

The platinum and VIP accounts will also be eligible for: 

  •       Trading signals via SMS from MTE;
  •       Full account overview;
  •       Webinars;
  •       Dedicated account manager.

Actually, there’s more than meets the eye since the overview for the VIP account will be weekly, not monthly. Also, that account type gets an additional dedicated senior account manager. 

More than 160 individual assets await your consideration.

You can bank on IGM FX!

It can all turn out cost-efficient with one of the best forex brokers in Thailand. Do not be

put off that you can start trading with a handsome $250.

There are no deposit fees. 

Customer support 

The customer support staff awaits your queries Monday through Friday, in several languages, 8:00-19:00 GMT.

With so many features to its trading, IGM FX  deserves your attention:

  •         Scalping,
  •         Hedging,
  •         Negative balance cover,
  •         Automated trading,
  •         Trading signals,
  •         Server-side orders,
  •         Trailing stops,
  •         Guaranteed stops,
  •         Guaranteed limits,
  •         Live economic events data, 
  •         One-click trading. 

TradedWell

TradedWell is Regulated by CySEC, the broker has matured fast despite its recent founding (2020).

Headquartered in Limassol, Cyprus, the brokerage welcomes you to start trading with $250.

Maximum leverage is up to 500 for professionals. The trading desk type is STP. 

iTrade Global (Cy) Ltd, the parent company, has license number 298/16 and registration number 335424. CySEC being the regulator, standard measures are in place to safeguard client funds against volatility or broker insolvency. 

There are individual assets in excess of 170.

There are three account types.

While the silver account offers an average spread of 2.8 pips on the EUR/USD pair, it also boasts a dedicated account manager. That is particularly useful if you are a beginner trader down from the demo account simulations, still wishing to trade real with real mentoring. 

On the EUR/USD pair, the next two account types offer spreads to the tune of 2.0 pips and 1.8 pips.

  •         Over and above its preceding account type, the gold account offers free VPS, the fifth decimal, and a 25% swap discount.
  •         Over and above what both previous account types offer, the platinum account presents the account owner with a 50%  swap discount. 

Great trading platform 

You can trade multiple asset classes across 9-time frames. With advanced charting and 50 inbuilt indicators, you get used to winning with TradedWell!

Conclusion

Thailand investors are among the savviest in South-East Asia. They know a good deal when they see one. The burgeoning  Thai Forex scene has the world’s rightest brokerages interested. This can actually pick and choose from the bevvy of brokers on offer. Best forex brokers in Thailand are accessible and a great learning experience.

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