FXEmpire has been investigating brokers for several years, testing out hundreds since our opening. I have compiled a list of the best forex brokers for traders in Thailand, paying particular attention to whether or not deposits and withdrawals can be done in Thai baht, whether they offer Thai language support, and whether or not Thai residents have access to bonuses and promotions. Furthermore, I made sure that the broker offered good spreads, execution, and platforms.
Our team of experts has identified each broker’s strengths and weaknesses using FXEmpire’s comprehensive methodology.
This analysis, along with my own personal trading experience, has led to the findings and research below for the best forex brokers in Thailand.
Exness has 12 regulated entities, and has 17 years of industry expertise. The platform choices include MT4, MT5, and the Exness Terminal. Exness allows trading of commodities, cryptocurrencies, forex, indices, and stocks. This wide array of assets means there are over 230 tradable markets.
Regional Features:
When I tested Exness, I used a Standard account, which means there were no commissions, with tight floating spreads. Although Exness says spreads are as low as 0.2 pips, most of the time, I saw 1.0 pips. It is still solid in comparison to the industry average, allowing short-term traders, as well as longer-term traders, to find reasonably cheap costs.
There is a minimum deposit of only $200, which means that many will be able to get involved. The fascinating thing is that with smaller accounts, with equity under $5,000 can access unlimited leverage. Higher equity tiers will see leverage limits imposed as the balance grows.
The Exness Terminal is versatile and easy to navigate. There are more than 150 technical indicators available on it, and it makes for easy technical analysis. The platform is also integrated with Trading Central, allowing traders to access actionable trading signals.
IC Markets has long been known for its range of markets, and its execution. Spreads are also a big factor in choosing IC Markets, with it being the best in the industry that allows Thai traders. I also liked the platforms available, all of which many traders will know, including: MT4, MT5, cTrader, and TradingView.
Regional Features:
When I tested the Raw Spread account at IC Markets, I found the spreads at times could be as low as 0.1 pips, with an industry average commission of $3.50/side per turn. The tight spreads and standard commissions allow for traders to scalp easily, and execution was lightning fast. The platforms seemed to have all performed well.
IC Markets has a minimum deposit of €200, or the currency equivalent. This allows small traders to get involved as well as large ones, and also offers a low barrier to try out the broker in a live environment.
IC Markets offers over 2850 tradable instruments, and has dedicated support 7 days a week. With this, and the ultra-low spreads, many traders will look to IC Markets for savings when it comes to the costs of trading.
RoboForex is registered in Belize and offers access to forex, metals, indices, energies, cryptocurrencies, and stocks. MetaTrader 4 and MetaTrader 5 are both offered, as well as R Trader. However, RoboForex is also known for its excellent research team.
Regional Features:
While testing RoboForex, I chose the ECN model. This offered variable and tight spreads, with a slightly lower leverage (1:500), but an outstanding $2 per side, per turn commission. (It is listed on the website as $20 per million.) RoboForex offered fast execution, and the costs for a professional trader were excellent. There were times when I saw a spread of 0.1 pips.
The minimum deposit at RoboForex is just $10, allowing almost anyone access to the financial markets. The leverage at RoboForex is as high as 1:2000, which is very high. However, it can change depending on the market and the account type you are using.
With its 16 years of experience, the research team at RoboForex allows traders to see what the pros see, and gives a long list of market analysis daily. This helps significantly, and I found the analysis very good.
FISG offers come of the best crypto trading costs, which is why I listed it here. The platforms available are the well-known MetaTrader 4 and MetaTrader 5 platforms, and the FISG App. Access to 7 different asset classes, and an excellent education center makes this a solid broker all the way around. FISG has been in business for 15 years as well.
Regional Features:
I tested the Standard account at FISG, which features tight variable spreads. The EUR/USD spread was averaging 0.11 pips during New York trading, incredibly tight. The leverage was cut down to 1:500, but let’s be honest here, it is far more than enough to take advantage of the limited costs incurred.
The minimum deposit to trade at FISG is just $50, so this will allow you to “try out” this broker. The execution was very fast, and I had no issues with requotes. The cryptocurrency trading environment had tight spreads, and offered the majors that you would look for.
FISG allow has promotions that are ever-changing, with such things as Non-Farm Payroll prediction contests, and even other real-world events like sporting events, etc.
FP Markets has been in business since 2005, and has long been known for its professional-friendly environment. FP offers MetaTrader 4 and MetaTrader 5 platforms, as well as WebTrader, cTrader, and TradingView. Access to spreads as low as 0.0 pips keeps professionals coming back to FP for their liquidity. Social Trading is also available at FP, as well as Autochartist and FP Intelligence, in conjunction with Acuity Research for market analysis.
Regional Features:
I tested the Standard account at FP Markets, which has spreads from 1.0 pips, which is within industry averages, and allows access to MetaTrader 4, MetaTrader 5, and cTrader platforms. The minimum deposit for this account is just $100, with ECN-pricing.
A VPS is available, and the number of offerings is truly staggering. There are over 10,000 markets to trade across forex, shares, indices, commodities, bonds, ETFs, and digital currencies. In other words, you won’t outgrow the broker.
It is worth noting that the Raw account has spreads as low as 0.0 pips, with just $3 per side per lot. This is less than the usual $3.50 per side per lot, which is one of the biggest draws for professionals. They are also known for webinars and podcasts that focus on trading and the needs of traders.
IG Markets has been around since 1974, and is one of the biggest brokers for retail traders available. Platforms available at IG include MetaTrader 4, MetaTrader 5, Web Trader, TradingView, ProRealTime, and L2 Dealer. This allows for the right platform no matter what your trading style is, and gives a huge amount of flexibility.
Regional Features:
I used the ProRealTime platform while testing IG and found the spreads to be very competitive. Some of the spreads in the forex markets were as low as 0.6 pips, with shares being excellent as well, with a 0.1 spread. The ability to trade over 17,000 instruments, and with no minimum opening balance, you can get acclimated to the platform you choose. L2 Dealer is the main attraction here, and many traders like the order book and sentiment indicators, although I personally prefer ProRealTime.
What I found interesting was the fact that IG also has a stock screener for its clients to take advantage of. Beyond that, the market analysis is strong, but it should be noted that it is more tempered to swing traders than intraday scalpers.
FxPro offers MetaTrader 4, MetaTrader 5, cTrader, and a great proprietary app. FxPro has been around since 1999 and has executed more than 1 billion orders. The broker allows you to trade indices, forex, shares, energies, crypto, metals, and ETFs. This is a broker that newer traders will love, with all-in costs and massive offerings.
Regional Features:
I tested the Standard MT5 account, using the all-inclusive spreads. The major pairs were right around the advertised 1.2 pip spreads, and the execution speed was excellent, as one would expect from a big name like FxPro.
There are over 2100 assets available to trade at FxPro, allowing traders to get access to the majority of global market moves. The dedicated support is open 24 hours a day, 5 days a week, and is very responsive.
FxPro offers decent financial news and analysis, but the biggest draw here is going to be the simplistic all-inclusive spreads and costs that beginners will prefer. This allows them to focus solely on the idea of execution and trading, and less on the finer points of the business.
The forex and CFD analysts and editors at FXEmpire bring together seasoned trading professionals and experienced financial journalists. Many of our experts have been featured in leading publications such as Investopedia and Forbes, and all of them combine strong industry credentials with hands-on trading experience.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later, Dan gained insight into the forex industry during his time as a Series 3 licensed futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
Christopher Lewis is an experienced trader and technical analyst specializing on currencies, indices, and commodities. He also has been working as a proprietary trader for institutional accounts. Chris has been an FXEmpire analyst since the site's early days and shares his trading insights on his own blog, The Trader Guy. His sharp, practical understanding of the trading industry means he knows forex and CFD brokers inside-out, so you can trust his guidance on how they work and which one to choose.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.