Best Forex Broker Thailand – Top 5 Forex Trading Platforms Reviewed 2021

If you want to trade forex in Thailand, you can choose from a wide variety of international brokers. Choosing the ideal one for your needs is important because it can make or break your experience. For instance, it depends on your broker what types of foreign currencies you can trade, what tools you have for analysis, and what costs you need to cover. You can also find out more about forex trading here.

To help you make the best decision, we have reviewed the top online brokers and created a curated list of the best five forex brokers in Thailand this year. Otherwise, you can simply skip to our quick guide on how to create an account within minutes and start trading right now!

#1 Forex Broker Thailand – eToro

1
$50Exclusive promotion
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

Best Forex Broker Thailand – Our Top 5 Best Thailand Forex Trading Platforms

After considering important aspects like safety and regulations, cost, availability of currency pairs, and tools and features, we put together this top five list of forex brokers in Thailand:

  • eToro – Best Overall Forex Broker Thailand
  • AvaTrade – Best Options Trading Platform Thailand for MT4
  • Capital.com – Best Forex Broker Thailand for Low Budgets
  • FP Markets– Best Forex Broker Thailand for Educational Resources
  • ThinkMarkets – Best Forex Broker Thailand for Flexibility

67% of retail investor accounts lose money when trading CFDs with this provider.

Best Forex Brokers Thailand – In-Depth Reviews

Next, we will review each broker in detail. The following sections will introduce you to their advantages, drawbacks, and why they may be suited for your trading purposes.

$
=
BitcoinBitcoin
Sort By

3 Providers that match your filters

Payment methods

Features

Usability

Support

Fees

1 or better

Safety

1 or better

Coin selection

1 or better

Rating

1 or better
Recommended Broker

Rating

for $ 100 you get
0.0027BTC
What we like
  • Trade real cryptos and crypto CFDs
  • Licensed broker with deposit insurance
  • Integrated wallet
Fees
Safety
Coin selection
Features
Instant VerificationFor BeginnersWallet ServiceMobile App
Payment methods
Credit CardPaypalSepa TransferSkrillSofort
for $100 you get
0.0027 BTC

CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.

Rating

for $ 100 you get
0.0027BTC
What we like
  • Amount of withdrawal fee: $0
  • Large amount of cryptocurrencies for CFD trading
  • Minimum deposit: $20
Fees
Safety
Coin selection
Features
Instant VerificationFor BeginnersWallet ServiceMobile App
Payment methods
Credit CardGiropayNetellerPaypalSepa TransferSkrillSofort
for $100 you get
0.0027 BTC

CFDs are complex instruments that have a high risk of losing money quickly due to leverage. 72.6% of retail investor accounts lose money trading CFDs with this provider.

Rating

for $ 100 you get
0.0027BTC
What we like
  • Careful selection of cryptocurrencies
  • Regulated by CBI and MiFID in Europe
  • No commissions and low spreads
Fees
Safety
Coin selection
Features
For BeginnersMobile App
Payment methods
Credit CardNetellerSkrill
for $100 you get
0.0027 BTC

CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital.

1. eToro – Best Overall Forex Broker Thailand

If you are interested in trading forex in Thailand, eToro should go straight to your shortlist. The broker now boasts more than 23 million users all around the world that use its social trading platform. Similar to Facebook, for instance, eToro users can post comments, use hashtags to discuss different assets or strategies, and you can copy entire portfolios.

Social trading means that you have access to a list of the most successful traders on the platform. You can find out more about their strategy, assets, and read the comments they share with their communities. When you find the trader that resonates with you, you can simply copy their entire portfolio, and your positions will be automatically adjusted whenever they buy or sell assets.

Social trading is not the only reason eToro is at the top of the list. Apart from amazing features and tools, the platform is one of the most regulated ones on the market. The broker is registered with several major institutions in the world – the FCA in the United Kingdom, the ASIC in Australia, and even the CySEC in Cyprus.

To top it all off, eToro is available right in your web browser, so you don’t need to download any software. Once you create an account, you will be able to see all the assets available for purchase, charts to help you with your technical analysis, and a news feed.

eToro Fees

Forex Pair Spread Amount 
EURUSD 1 Pip
USDJPY 1 Pip
GBPUSD 2 Pips
USDCHF 1.5 Pips
NZDUSD 2.5 Pips

 

Pros

  • eToro is intuitive and no download is required
  • Rich in features, such as charts and a news section
  • You can trade forex 24/5
  • Fully regulated, ensuring a safe trading environment
  • Islamic account is available on request

Cons

  • The Islamic account requires $1,000, but the standard one only $50

67% of retail investor accounts lose money when trading CFDs with this provider.

2. AvaTrade – Best Forex Broker Thailand for MT4

If you want a bit more complexity, AvaTrade may be exactly what you are looking for. It is ideal if you want to get started with one of the most popular platforms in the world, MetaTrader 4. However, unlike eToro, you need to download and install the software.

AvaTrade provides maximum flexibility when it comes to trading platforms in Thailand. Apart from MetaTrader, you can opt for AvaOptions (to trade currency options), its proprietary trading platform, the mobile phone app, among others. Regardless of which one you choose, you will be able to use advanced charting tools, different order types, and multiple technical indicators to ensure your success. Just like eToro, Avatrade allows you to trade forex without any commissions.

Finally, AvaTrade is also a well-regulated broker, registered with the FSA, ASIC, and a few more institutions. If you already have some experience with forex trading, this broker provides you with all the tools and versatility, along with numerous educational resources to expand your trading knowledge.

AvaTrade Fees

Forex Pair Spread Amount 
EURUSD 0.9 Pips
USDJPY 1.1 Pips
GBPUSD 1.6 Pips
USDCHF 1.6 Pips
NZDUSD 1.8 Pips

 

Pros

  • Regulated, safe broker
  • You can choose from a wide range of trading platforms, including MT4
  • Numerous tools and resources are available
  • Proprietary, reputable mobile phone app for trading on the go
  • Zero-commission trades and low spreads

Cons

  • AvaTrade may come across as confusing for newbies
  • Educational section could be improved

71% of retail investor accounts lose money when trading CFDs with this provider.

3. Capital.com – Best Forex Broker in Thailand for Low Budgets

The third broker on our list is the global, award-winning broker known as Capital.com, and you only need $20 to open an account. While the two brokers above only offer contracts-for-difference (CFDs) for trading forex (and options via AvaOptions), Capital.com also allows for spread betting.

As the name suggests, spread betting is a type of bet where you don’t own the asset (just like a CFD), but you place a bet on the future direction of the price regarding your chosen forex pair. If you are right, you cash in the profit or, if you are wrong, you owe money to the broker. Unlike a CFD, spread betting comes with a given deadline, but you can close your position at any time before that (realizing your profits or losses as of that time).

Capital.com is fairly simple, thus beginners will have an easy time navigating the website. Capital.com has more than 140 pairs of currencies, which means that it is one of the few brokers on the market with such a large offering.

Just like our other two recommendations, you can open a demo account for free if you want to test your strategies without any losses. Also, the broker boasts an AI (artificial intelligence) trading system that promises to analyze your trading behavior and help you make better decisions.

Capital.com Fees

Forex Pair Average Spread Amount 
EURUSD 0.6 Pips
USDJPY 80 Pips
GBPUSD 1.3 Pips
USDCHF 0.9 Pips
NZDUSD 1.6 Pips

 

Pros

  • Zero-commission trading
  • Powerful AI trading system to help you improve your trading decisions
  • The minimum deposit is only $20
  • Numerous payment methods available, including e-wallets
  • More than 140 currency pairs are available
  • You can easily open a demo account to test its features and tools

Cons

  • No social trading features available

73.81% of retail investor accounts lose money when trading CFDs with this provider.

4. FP Markets – Best Forex Broker for Educational Resources

FP Markets is a well-known forex broker that provides you with more than 60 pairs. It has both a proprietary platform (known as Iress) and MetaTrader. However, if you plan to focus more on forex, it’s best to opt for MetaTrader, as the proprietary platform is more suitable for stocks trading.

FP Markets has quite a limited forex offering compared to Capital.com, but it is considered to be one of the best brokers that provide access to the MetaTrader suite. This is mostly because of the “Trader Toolbox” – a set of 12 add-ons that allow you to fully customize your MT4 experience and improve your strategies.

Also, FP Markets has quite an extensive educational section known as the “Traders Hub”. Even more practical, the section is split into technical and fundamental information, so you can easily find the information that interests you the most.

FP Markets Fees

Forex Pair Average Spread Amount (Standard Account) 
EURUSD 1.2 Pips
USDJPY 1.2 Pips
GBPUSD 1.3 Pips
USDCHF 1.5 Pips
NZDUSD 1.6 Pips

Pros

  • FP Markets is considered one of the best brokers by the MT4 community
  • Abundant section with information for fundamental and technical traders
  • The pricing is quite competitive, although higher
  • Rich news section to help you stay informed
  • Full range of 12 add-ons for MT4

Cons

  • Only 60 forex pairs

67% of retail investor accounts lose money when trading CFDs with this provider.

5. ThinkMarkets – Best Forex Trading Platform for Flexibility

ThinkMarkets is headquartered in Australia and is tightly regulated by FCA and the ASIC. There is no minimum amount required to open an account, it has more than 40 currency pairs, including major, minor, and exotic ones. It is also compatible with MetaTrader 4, you have access to mobile phone apps (for iOS or Android), a proprietary trading platform known as ThinkTrader, which comes with more than 50 drawing tools, 80 technical indicators, and up to 14 different types of charts.

More specifically, ThinkMarkets provides you with a choice of four different accounts:

  • Standard account with spreads starting from 0.4 pips (and 1.2 pips average) and no commission. The maximum leverage allowed is 500:1 (i.e., if you invest $100, you can open transactions worth $50,000), and there is a limit of 50 lots.
  • ThinkZero account provides spreads starting at 0 pips and an average spread of 0.1 pips. However, the broker charges a commission of $3.5 per 100,000 units (lot). To opt for this account, you need to deposit at least $500 in your account, purchase at least 1 lot (and a maximum of 100 lots), and you have the same limit for leverage (500:1).
  • Islamic account – this is a swap-free account that complies with Sharia law.
  • Joint accounts – this type of account can be shared between individuals.

ThinkMarkets Fees

Forex Pair Minimum Spread (Standard Account) 
EURUSD 0.4
USDJPY 0.4
GBPUSD 0.4
USDCHF 0.4
NZDUSD 0.4

Pros

  • No minimum deposit for the standard account
  • Allows both hedging and scalping
  • Well regulated broker, headquartered in Australia
  • Multiple types of accounts, including Islamic
  • Low minimum spreads

Cons

  • Demo accounts come with only 25,000 units of currency and they expire after 90 days of inactivity (on MT4 and MT5)

67% of retail investor accounts lose money when trading CFDs with this provider.

How to Find the Best Forex Trading Platform Thailand

Now that we have discussed the best forex brokers in Thailand, you may wonder what makes them the best out of the numerous online brokers that have mushroomed recently. Below, we will cover the most aspects on which we based our decision, which are also the most important factors you need to consider before signing up with the ideal broker for your needs.

Regulation and Security

The first most important aspect is to ensure that your chosen broker is trustworthy and established on the market. Indeed, newer brokers may have compelling offerings, but choosing a broker with an excellent track record over the years like eToro comes with much-needed peace of mind.

Also, compliance with the top regulatory bodies in the world, such as the ASIC in Australia, is a must. This means that you are protected in case of bankruptcy or insolvency, and you benefit from negative balance protection – essentially, you cannot lose more than you have in your trading account.

Payment Methods

To have a smooth forex trading experience, you should be able to deposit and withdraw money via your favorite methods. For instance, you may want to use a PayPal account where you keep USD instead of baht, so you can avoid the currency conversion fees. Brokers like eToro offer a wide range of payment methods, including e-wallets that help you deposit and withdraw money instantly.

Yet, you need to check if the broker charges you any extra fees when making these transactions. For instance, eToro only charges you $5 when you withdraw money and deposits are free, but others could have much steeper costs that take a large chunk out of your profit.

Variety of Forex Pairs

As we’ve seen above, not all forex brokers have the same offering. If you have an extensive forex trading strategy that focuses on lots of rare currency pairs (for instance, mostly on exotics), then a broker with a wide offering like Capital.com is more suitable for you.

However, if you prefer to focus mostly on major pairs that are cheaper (lower spreads), eToro may be better suited due to smaller spreads and a clean interface. The more abundant the broker offering is, the more difficult it may become to conduct your analysis and follow your strategy.

Fees

Fees are important when signing up with your online broker. If the costs are too high for your strategy, you may struggle to stay profitable. Not all brokers have the same spreads, which were discussed in the previous section, and they can charge you different fees, based on their cost structure. To be informed straight from the beginning, you should check if the broker charges the following fees and how much they are:

  • Inactivity fees (if you don’t plan to trade actively);
  • Deposit and withdrawals;
  • Overnight financing fees;
  • Commissions per trade;
  • Conversion fees (when you deposit or withdraw money);
  • Fees associated with your specific payment method;
  • Annual fees (if any);
  • Costs associated with access to research or data;
  • Account closing fees.

Leverage

Finally, most if not all forex traders use leverage. Some brokers like eToro provide a maximum leverage ratio of 1:30 for forex, others can go as high as 1:500. If you are a beginner, you may want to avoid multiplying your transaction value in the beginning, at least until you learn more about risk management tools and techniques.

How to Get Started With the Best Forex Trading Platform Thailand

Now that you are well-informed regarding how to choose the best forex broker in Thailand, we need to understand what it means to register with a broker. What are the legal requirements? In the next sections, we will walk you through everything you need to do to register with our top broker, eToro.

Step 1: Open an Account

Signing up with eToro is extremely straightforward, especially because you don’t need to download and install any software. First, head over to the website and click on “Join Now”. Then, complete this short form using your personal details and proceed to the next step.

how to join etoro

67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Verify Your Account

Regulated brokers like eToro are required by law to verify your identity. You need to upload proof of address, such as a utility bill released in the last three months, and your government-issued ID. In general, brokers take some time to verify your documents, but eToro is much quicker, so you will be able to use your account within minutes.

Step 3: Deposit Funds to Your eToro Account

Once your account is validated, you can click on the button to deposit your funds. Keep in mind that Islamic accounts require a minimum of $1,000, while standard accounts can be opened with only $50.

Step 4: Search for Forex Pairs

The next step is to become familiar with eToro’s trading platform. Look at the different sections, read fellow traders’ comments regarding the assets that interest you, and make a virtual portfolio using the demo account. Type in the search bar at the top what forex pairs interest you, or browse the entire currency selection of nearly 50 currency pairs.

Step 5: Buy Forex

Make sure you do your due diligence before investing your hard-earned cash. When you are ready to trade, choose your pair, click on “Trade” and fill in the order details.

Best Forex Trading Platform Thailand – Conclusion

All in all, eToro is one of the best forex brokers in Thailand. The platform is easy to use, intuitive, and you can access it straight from your broker. Our curated list of the top forex trading platforms in Thailand may serve you as a starting point in your trading journey. Make sure you choose the best one for your needs considering the aspects we’ve discussed above if you want to have an excellent trading experience.

eToro – Best Forex Broker in Thailand

1
$50Exclusive promotion
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

FAQ

Is it riskier to sign up with a global broker rather than a local one?

Are all brokers and trading platforms in English?

What is the best forex trading platform in Thailand for a beginner?

What is the best forex strategy?

How much money should I deposit to open a forex trading account?

About Ana Frincu PRO INVESTOR

Ana Frincu is a freelance content writer specialised in finance and economics. She has a BA in International Business Management and a MA in International Taxation and Finance. With a keen interest in fintech and personal experience as an investor, she covers a broad range of topics, including trading, alternative data, cryptocurrency, and macroeconomics.