9 Best Forex Brokers in Thailand for 2024

Exness is a multi-regulated forex and CFD broker that ranks the best for Thai traders due to its diverse services and affordable accounts. Headquartered in Cyprus and founded in 2008, Exness has quickly asserted itself for its low trading fees, choice of over 230 tradable instruments, and availability of MetaTrader 4, MetaTrader 5, and the broker’s proprietary platform – the Exness Terminal.

Regional Features:

• Thai traders can open an account with the Exness (SC) Ltd entity of the broker, which is licensed and regualted by the FSA of the Seychelles.
• Leverage of up to 1:2000 for all accounts.
• Thai payment options include bank cards and wire transfers.
• A localized version of the website is available in Thai.
• Trade on USD/THB and many other currency pairs.

I conducted my tests on a Standard account, which features commission-free trading and floating spreads from 0.2 pips. However, I also discovered that the broker’s spreads are closer to 1.0 pips. Still, the combination is better than the industry average and is suitable for implementing all kinds of trading strategies.

Exness also has a low minimum deposit requirement of only $200, making its trading accounts quite affordable. There is effectively no limitation on the maximum leverage allowed, which is especially suitable for volatility trading but risky to inexperienced traders.

Exness’ proprietary platform is quite versatile and easy to navigate. It features more than 150 technical indicators and drawing tools and a variety of other chart configurations, making it useful for conducting penetrating technical analysis. Additionally, the platform is integrated with Trading Central, providing users with access to actionable trading signals directly from the Exness Terminal.

If you’re looking for a forex broker that provides a range of zero-commission trading accounts, with high leverage, then FBS could be an option for you. Founded in 2009, FBS is authorized and regulated by the CySEC, ASIC, FSCA and IFSC Belize, providing three different trading accounts for Thai residents to trade on more than 182 financial instruments with up to 1:3000 leverage on forex.

Regional Features:

• Thai traders can open accounts with the entity authorized and regulated by the IFSC Belize.
• Leverage up to 1:3000.
• Thai payment options: Krungthai Bank, Kasikorn Bank, Krubank, Siam Commercial Bank, Bangkok Bank, Thai QR, TrueMoney, Perfectmoney, Stickpay, Visa, Maestro, UST, BTC, ETH and LTC cryptos.
• THB deposits are available through Online Banking Thailand.
• A Thai version of the website with customer support in Thai during local working hours.
• 100% deposit bonus.

During our live test, I found that FBS offers traders from Thailand access to 3 different trading accounts which come with a range of different features.

• Standard Account: Leverage up to 1:3000, spread from 0.7 pips, minimum deposit $1.
• Cent Account: Leverage up to 1:1000, spread from 0.7 pips, minimum deposit $1.
• Pro Account: Leverage up to 1:2000, spread from 0.5 pips, minimum deposit $200.

After opening a live Standard Account to test the live spread for EUR/USD, I found that it averaged 0.95 pips during the London and New York session. As all three accounts have zero commission, this spread is better than the industry average of 1.0 pips.

Each account type offers very high leverage from 1:1000 to 1:3000 from the entity regulated by the IFSC Belize. The entities regulated by CySEC and ASIC are restricted to offering a maximum of 1:30 leverage for forex pairs. But while high leverage can help to amplify gains, it also does the same to losses so risk management will be important.

I also found that there is a range of bonuses and promotions available for all three accounts. This includes a 100% deposit bonus and cashback on your trades (but only available when using FBS Trader). The cashback offer means you could earn up to 5% of the spread when trading up to 13 lots, 10% of the spread when trading from 14 to 33 lots, 15% of the spread from 34 to 59 lots and 20% from 60 lots and above.

AMarkets is a derivatives broker founded in 2007 in Comoros. It offers a choice of more than 560 tradable instruments across different asset classes, including currency pairs, metals, energies, bonds, share CFDs, indices, and cryptocurrencies.

Regional Features:

• Thai traders can open an account with the AMarkets entity based in Mwali (Comoros), which is licensened and regulated by the Mwali International Services Authority (MISA).
• Leverage of up to 1:3000.
• The broker offers 11 different payment methods, including bank wire, credit and debit cards, e-wallets, and cryptocurrencies.
• The website has a localized version in Thai.
• Accessibility of customer support in Thai during business hours.

AMarkets impresses with its ultra-fast execution speeds of as low as 0.03 milliseconds, suiting the needs of high-precision traders like scalpers. The broker also offers Virtual Private Services (VPS) hosting for low-latency trading.

I tested AMarkets by opening an ECN account, which is better suited for high-frequency trading.

The account type has a minimum deposit of $200, making it quite affordable. The pricing mechanism is also quite competitive. It features a $5 round-turn commission per traded lot (100,000 units) and raw spreads from 0.0 pips. I assessed that this combination falls below the industry average.

The broker incorporates the industry-renowned MetaTrader 4 and MetaTrader 5. I prefer the latter one as it offers more than 70 analytical tools and chart configurations, as well as all basic order types: market, limit, and stop. The platform has a built-in strategy tester, making it a good choice for those interested in automated trading.

Established in 2019 and based in Seychelles, FXGT.com operates through three entities worldwide. The broker supports cryptocurrency payments, offers a comprehensive selection of crypto CFDs, and grants access to synthetic cryptocurrencies. With its versatile offerings, FXGT.com caters effectively to the needs of crypto traders, enabling them to navigate and prosper in the highly volatile and dynamic cryptocurrency market.

Regional Features:

• Thai traders can open an account with GT Global Ltd, authorized and regulated by the FSA Seychelles.
• Leverage up to 1:1000.
• Thai payment options include bank transfer, 1-2-Pay, and cryptos, including BTC, ETH, XRP, ADA, and USDT.
• Localized Thai version of website is available.
• 50% welcome bonus, 25% loyalty bonus, 30 USD no deposit bonus

FXGT presents Thai traders with a diverse portfolio of over 150 instruments, including forex, stocks, indices, commodities, cryptos, NFTs, and DeFi tokens. It stands out for its unique synthetic cryptos, like Bitcoin paired with Apple (BTCAPL) or Oil (BTCUSO), offering novel trading opportunities.

The GTi12 crypto index, encompassing 12 cryptocurrencies, provides a comprehensive market overview. Available through the FXGT Pro account on MT4 and MT5 platforms, it offers zero commission and low overnight swap fees. Our assessment revealed a competitive BTC/USD spread averaging $5.52, surpassing industry norms.

Established in 2005, FP Markets has entities authorized and regulated by ASIC and CySEC with one unregulated entity based in St. Vincent and the Grenadines. You can trade on 850+ financial instruments from the MT4, MT5, and cTrader platforms.

Regional Features:

• Thai traders can open an account with the FP Markets entity based in St. Vincent and the Grenadines which is not regulated by a financial authority.
• Leverage of up to 1:500 for all accounts.
• Thai payment options include 20+ methods such as bank transfer, credit/debit card, Neteller, Skrill, Asia Banks, Sticpay, Fasapay, Virtual Pay, Rapyd, Perfect Money, XPay, cryptocurrencies and more.
• The localized Thai version of the FP Markets website is available.
• Accessibility of customer support in Thai during business hours.
• Trade on USD/THB and many other currency pairs.

During our live test, I was impressed by the number of platforms FP Markets provides its users. You can trade from MT4, MT5, and cTrader which – from my own experience – are all exceptional forex trading platforms. The broker also provides extra trading tools to aid your trading.

This includes the use of AutoChartist and Trading Central. I enjoy using AutoChartist as it finds real-time technical analysis patterns across a range of timeframes and markets. I find it to be useful in speeding up the research and analysis time which is important if you are more of a short-term trader.

There are two account types available for traders in Thailand: the Standard and Raw accounts. While the Standard is a commission-free account, the Raw account charges a competitive commission per lot, per side, of 3 USD, which is better than the industry average of 3.50 USD.

Both account types offer ECN pricing which means price quotes are sourced from multiple liquidity providers to provide the best possible execution price. During our live fee test, I found the spread for EUR/USD during the London and New York session averaged 1.0 pips which is the industry average for a commission-free trading account.

Founded in 2020, Moneta Markets is authorized and regulated by the FSCA, FSA Seychelles, and has one unregulated entity based in St. Lucia. It provides an excellent range of trading tools for traders in Thailand, which include Feaured Ideas, Market Buzz, a live economic calendar, Technical Views, Moneta Markets TV, and more.

Regional Features:

• Thai traders can open an account with Moneta Markets Ltd entity based in St. Lucia which is unregulated and not licensed by a financial regulator.
• Leverage up to 1:1000.
• Thai payment options: International Bank Wire Transfer, FasaPay, JCB, Sticpay, Visa/Mastercard.
• A translated version of the website is available in Thai.

During our live test, I found that Moneta Markets provides an excellent range of trading tools from Trading Central and TradingView. This includes access to Market Buzz which covers the latest market news and social media chatter across 35,000 tradable instruments and 300+ currency pairs. The Featured Ideas section provides real-time technical analysis trading ideas with a detailed explanation behind them.

I found the live economic calendar to be very useful as it automatically configures your own timezone and provides real-time economic news data. Within the trading tools offered by Moneta Markets, there is a package of additional MT4 indicators, which includes adaptive candlestick scanners and real-time pattern recognition tools.

Our live fee test showed the average spread for EUR/USD during the London and New York sessions averaged 0.15 pips on the Prime ECN account, which has a competitive commission of USD 3 per lot per side. With access to 1,000+ tradable instruments from the MT4 and Pro Trader Web platform powered by TradingView, there are plenty of tools for traders in Thailand.

Founded in 1974, IG is a reputable broker, listed on the London Stock Exchange. Its user-friendly yet feature-rich web platform and mobile app offer access to over 17,000 markets, free trading signals, real-time market news, and advanced charting capabilities.

Regional Features:

• Entity for Thai Traders: IG International Limited, regulated by the Bermuda Monetary Authority (BMA).
• Leverage of up to 1:200
• Platforms: IG Web, IG Mobile, MT4, TradingView, ProRealTime, L2 Dealer
• Payment Methods: Bank wire, credit/debit cards
• Bonuses and promotions: $150 welcome rebate
• Additional Features: Weekend trading – gold, forex, indices and cryptos

IG provides a wide selection of trading platforms tailored to different types of traders. The IG web platform and mobile app cater to both beginners and advanced traders, offering seamless access to a vast collection of over 17,000 markets across all global asset classes.

The web platform is user-friendly, intuitive, and highly customizable. It features advanced tools such as one-click trading, the ability to trade directly from charts, and access to client sentiment data. There are also built-in trading signals from Autochartist and PIA First covering major forex, indices, and commodities across different timeframes.

The built-in market news section is an excellent tool for staying up to date with the latest news announcements and viewing market research and opinions from IG’s in-house analysts. For algorithmic traders, IG supports the popular MetaTrader 4 and ProRealTime. The latter allows users to create and backtest automated strategies without the need for coding knowledge.

For those who want to learn more about trading, the broker offers IG Academy, which features a wealth of educational content such as trading courses, webinars, platform tutorials, and more.

If you prioritize trading with a broker that provides the most competitive trading fees in Thailand then IC Markets may be a good option for you. Founded in 2007, IC Markets is based in Sydney, Australia, and is authorized and regulated by CySEC, ASIC, SCB, and the FSA of Seychelles, providing access to more than 2,250 financial instruments from the MT4, MT5, and cTrader platforms.

Regional Features:

• Thai traders can open an account with IC Markets with its Raw Trading Ltd entity, authorized and regulated by the Financial Services Authority (FSA) of Seychelles under license number SD018.
• Leverage up to 1:500.
• Thai payment options include credit and debit cards, PayPal, Neteller, Skrill, Bank Transfer, RapidPay, and Klarna.
• A localized Thai version of the IC Markets website is available.
• Access to Thai customer support during business hours.
• Trade on USD/THB and many other currency pairs.

IC Markets is considered the ‘go-to’ broker for serious forex traders who want access to raw spread interbank pricing, no requotes, and no limitations on strategies or how close your orders can be to the live market price.

The trading accounts available for Thai traders depend on whether you trade from the MetaTrader or cTrader platforms. Here is a breakdown of what is available:

• cTrader Raw Spread account: Spreads from 0.0 pips. Commission from $3.00 per 100,000 units of currency traded, per side.
• MetaTrader Raw Spread account: Spreads from 0.0 pips. Commission of $3.50 per 100,000 units of currency traded, per side.
• Standard Account (MT4/MT5): Spreads from 0.6 pips. Zero commission.

After opening a live trading account and testing the broker’s fees, I found the spread during the London and New York session for EUR/USD was 0.6 pips and averaged 1.35 pips for GBP/JPY.

From my years of trading experience, I found these to be very competitive. The average spread for EUR/USD on a commission-free trading account is 1.0 pips – with IC Markets this is nearly halved. I have seen some brokers quote more than 5.0 pips for GBP/JPY, so the IC Markets spread of 1.35 pips is also very competitive.

For the commission-based accounts, the $3.50 fee per lot, per side for MetaTrader and the $3.00 fee per lot, per side for cTrader are in line with the industry average. One unique feature I enjoyed was that IC Markets has no order distance restriction which means you can place orders very close to the current market price.

If you’re interested in capitalizing on the best features of the popular MetaTrader 4 platform and accessing additional trading tools for it, then Vantage might be for you. Founded in 2009, Vantage is based in Sydney, Australia, and is authorized and regulated by ASIC, VFSC, FSCA, and CIMA. It provides more than 900 financial instruments to trade on via MT4, complete with an upgraded Smart Trader Tools package.

Regional Features:

• Thai traders can open accounts with the Vantage Markets LTD entity, authorized and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under license number 51268.
• Access leverage up to 1:1000.
• Thai payment options include UnionPay, Neteller, Boleto, Skrill, Bank Transfer and credit/debit cards.
• A localized Thai version of the Vantage website is available.
• Access customer support in Thai during local business hours.
• Trade on USD/THB and many other currency pairs.
• Access a 50% welcome bonus up to $1000 and 20% after that.

Vantage has a top-notch MT4 offering. All the standard MT4 features are available including use of the platform on desktop, web, and mobile, 80+ technical indicators, 30+ drawing tools, multiple chart and order types, and the ability to access the MetaTrader marketplace for customized indicators and algorithmic trading strategies.

In my live trading test of Vantage, I also found that you can upgrade your MT4 with the Smart Trader Tools package. This is a suite of extra trading tools and indicators for MT4 and includes a mini-terminal, sentiment trader indicator, correlation matrix, and alarm manager.

From my personal trading experience, I enjoy using the correlation matrix indicator. It is a great risk management tool to ensure you’re not trading markets that are too correlated with one another. The alarm manager can also be useful as you can set price alerts around certain price levels.

As copy trading is now a big thing in Thailand, Thai traders may enjoy the fact you can connect your Vantage MT4 account and join the Vantage Social League. This can be accessed through the Vantage trading app, allowing you to copy other traders.