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Thailand forex brokers

Although Thailand is not a major forex broker hub, an increasing number of brokers seek to establish a customer base there, as its economy is continuously growing. 

 
Unlike in India (which has heavily influenced Thailand), forex trading has never been illegal in the so called “Land of smiles”. However, the two countries share some similarities.  While Indians are not allowed to transfer money to a forex trading account with a broker abroad, Thais 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. 
 
Furthermore, the country’s financial system is still in the early stages of its development. There is 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.  
 
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. Many global brokers have already have a Thai version of their websites (including FXCM, XM and  FxPro, among others), and some, like FBS , have even established offices in in the country.

Thailand forex brokers

Broker Country Regulation Platforms Min.deposit Review
Cyprus CySec, FCA MT4, MT5, Web $5 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, South Africa CySec, FSCA, FSC MT4, Web $5 Review Website
UK FCA MT4, Z.com
Trader
$1 Review
Marshall Islands, Cyprus CySEC MT4, MT5 $10 Review
BVI FSC MT4 $1 Review
Cyprus CySEC in-house mobile
app
$50 Review
Cyprus CySec MT4, MT5 $1 Review
Thailand N/A MT4 $1000 Review

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