Thai traders look for safer and more reliable Forex brokers across the globe as they don’t have any forex brokers in their backyard. Furthermore, you will get to know about the Top 4 Forex Brokers available for the Thailand traders to trade in this year of 2023.
Forex brokers in Thailand are regulated under the Bank of Thailand (BOT) with cumbersome processes and do not have a separate regulatory body. Hence it is small and has many limits. Most of the brokers in Thailand don’t try to get the BOT license. So, the traders from Thailand when dealing with Global Forex Broker platforms must check other regulations and trading conditions that tend to accept Thai clients.
There are also a lot of unregulated brokers who runs their companies without any license and looking to accept clients from Thailand. The traders should not involve in any trading activity with these Broker platforms as their investments are not safe here. In some cases, you may even lose all your investments.
Choosing the best and reliable broker is the first thing every trader should keep in mind. Here tradingcritique.com lists you the Top 4 Forex brokers accepting Thai clients based on various factors like Regulations, User reviews, Trading instruments, Trading platforms, Educational Tools, Fees and Customer support.
This ranking has been prepared by our expert research team of tradingcritique.com after analyzing most of the forex brokers accepting Thai traders. The brokers listed here will have at least one regulation from leading financial sectors. The world’s leading regulatory bodies.
1. Exness
Website link | Exeness Thailand |
| Forex Pairs | 107 Currency Pairs |
| Minimum Deposit | $10 |
| Demo Account | Yes with $10000 |
| Regulations | FCA , FSA Seychelles , CySEC, FSCA, FSC, FSC (BVI) and CBCS |
| Trading Platforms | MT4, MT5, Web Terminal |
| Guaranteed Negative Protection | Yes |
| Guaranteed Stop Loss | No |
| Fees | Spread cost, Overnight fees, Inactivity fees, Commission |
| Deposit Method | Visa, Master card, Sticpay, Tether, UPI, Phonepe, BTC, Neteller, Perfect Money, WebMoney, Skrill, Bank Transfer |
| Monthly visitors from Thailand | 4.6 million (50.07% of total visitors) |
The Exness Group was founded simultaneously in New Zealand and Russia in the year 2008 by Petr Valov and Igor Lchagov. The motive of the company is to provide services for online trading in the Forex Market. It has moved its headquarters to Cyprus in 2012 and obtained the CySEC regulation. It also obtained several regulations from FCA (UK), FSA Seychelles, FSC (BVI), FSC (Mauritius), CBCS (Curacao and Sint Maarten) and FSCA (South Africa).
Exness offers two types of accounts Standard and Professional. The Standard account is for Beginners and the Professional account is for experienced traders. The Professional account is classified into three types Raw spread, Zero spread, and Pro account. Each account has different features like varied spreads, commissions and Order execution.
Exness is prompt to be Excellent in their customer service as they offer 24/7 support in 15 languages including Thai and Chinese. They also like to educate their traders with various trading courses and they are also maintaining a separate website education.exness.info. to provide trading education.
2. XM
| Website link | Xm.com Thailand |
| Forex Pairs | 57 Currency Pairs |
| Minimum Deposit | $5 |
| Demo Account | Yes with $100,000 |
| Regulations | FCA , ASIC, CySEC |
| Trading Platforms | MT4, MT5, Automated Trading |
| Guaranteed Negative Protection | Yes |
| Guaranteed Stop Loss | No |
| Fees | Spread, Commission, Inactivity fees |
| Deposit Method | Visa, Master card, e-Wallets, Bank Transfer |
| Monthly visitors from Thailand | 3.7 million (40.04% of total visitors) |
XM is a Broker Platform that specifically provides Forex and CFD trading. This company has regulations under FCA, ASIC, CySEC.
XM Group is a group of many companies. It has different companies under it, which is regulated by different regulatory bodies. Let us see the information of the different companies under XM in the below table
Table 1: XM group company details with the year of starting and Regulations
| Year of Starting | Company name | Regulations |
|---|---|---|
| 2009 | Trading Point of Financial Instruments Ltd | Cyprus Securities and Exchange Commission (CySEC) |
| 2015 | Trading Point of Financial Instruments Pty Ltd | Australian Securities and Investments Commission (ASIC) |
| 2017 | XM Global Limited | International Financial Services Commission (IFSC) Belize |
XM is a well-advanced platform with all the technological features required to execute CFD trading with ease. It has a good user-friendly platform with a supportive user interface.
There are four account types present in XM which are,
- Micro Account
- Standard Account
- XM Ultra-Low Account
- Shares Account.
Each XM account types differ in features like spreads, contract size, leverage, lot restrictions, customer support, etc. The trading platform executes the orders faster than other platforms so that any price fluctuations can be avoided. This gives an added benefit to the trader. About 99.35% of XM trade orders are placed instantly mostly less than a second.
Customer service and customer satisfaction are much concentrated by XM. They provide 24/5 customer support. XM also created much awareness about trading to its customers. The company has visited more than 120 countries to meet up with its traders and business partners.
3. NordFx
| Website link | Nord FX Thailand |
| Forex Pairs | 33 Currency Pairs |
| Minimum Deposit | $10 |
| Demo Account | Yes with $10000 |
| Regulations | CySEC, VFSC |
| Trading Platforms | MT4, Copy Trading, NordFX Mobile App |
| Guaranteed Negative Protection | Yes |
| Guaranteed Stop Loss | No |
| Fees | Spread cost, overnight fees, inactivity fees, Commission |
| Deposit Method | Visa, Master Card, WebMoney, Skrill, Neteller, Perfect Money, Ngan Luong, PayToday, Dragonpay, Bank Transfer |
| Monthly visitors from Thailand | 91.53K (10.47% of total visitors) |
NordFX has been established in the year 2008 as an international forex broker. The company is headquartered in Cyprus and regulated by CySEC and it is also a member of the Investor Compensation Fund (ICF).
NordFX currently runs a mega lottery draw with $100,000 as the prizes are split into 70*$500, 20*$1000, 10X$2500 and 1X$20000.
NordFX assures that all their clients’ investments are segregated from the company’s funds and maintained in reputed and trustworthy banks. Since they are a member of the ICF the clients’ funds can be recovered in case NordFX becomes insolvent. The traders can also claim up to €20,000 if the company doesn’t meet its obligations.
NordFX offers three types of trading accounts to their traders and they are Fix, Pro, and Zero. Each account has different features and specifications like differences in minimum deposit, spreads, quote precision, and commissions.
The key point to note in NordFX is that it provides savings account to their traders where they get 30% of the average yearly interest on their investment.
4. IQ Option
| Website link | IQ option Thailand |
| Forex Pairs | 120+ Currency Pairs |
| Minimum Deposit | $10 |
| Demo Account | Yes with $10000 |
| Regulations | CySEC , FSA Seychelles |
| Trading Platforms | IQ Option Trading Platform |
| Guaranteed Negative Protection | Yes |
| Guaranteed Stop Loss | Yes |
| Fees | Spreads, Overnight fees, Inactivity fees, Withdrawal fees (Only Bank transfer) |
| Deposit Method | Visa, Master Card, UPI, Net Banking, RuPay, Globepay, Skrill, advcash, Perfect Money, WebMoney WMZ |
| Monthly visitors from Thailand | 331.6K (8.72% of total visitors) |
IQ option has a good history for its reputation as a Binary options Broker since 2013. When most of the brokers were cheating in the name of binary trading, IQ option was a legit broker which is retaining its customers till now. Recently, IQ also started providing Forex trading.
Firstly, the IQ option was regulated under CySEC and provides services in the European Economic Area (EEA). Secondly, another company of IQ options provides services in Mahe, Seychelles which is regulated under FSA Seychelles.
IQ option basically provides two types of accounts, namely, Real and VIP account. They provide about 120+ Forex pairs to trade. You can do CFD trading, a kind of derivative trading using these Forex pairs. They provide the best leverage up to 1:1000 and a minimum deposit of only $20 is required.
IQ option has good educational sources for its clients and also provides free information to all about trading. The open-source information of the IQ option is available on the IQOptionwiki.com website. Customer support is provided 24/7 in 17 different languages.
To Sum Up, the Top 4 Forex Brokers in Thailand this 2023 are,
One Final Conclusion
The expert research team of tradingcritique.com lists the Top 4 international Forex brokers who accept Thai traders. The rankings given above are mainly based on User reviews, Trading features and Regulations.
Choosing the best brokers according to your trading needs is the first successful step in the trading industry. So, keep your step wisely by considering our experts’ advice.
