Forex Brokers in Thailand

Richard Montana | November 24, 2022

Forex trading in Thailand is popular amongst residents who are looking to buy and sell currencies to speculate on the fluctuating currency market prices. Whilst international forex brokers can accept traders in Thailand as clients, forex brokers in Thailand are required to become authorised by the Securities and Exchange Commission of Thailand (SEC). Blurb about regulator. The SEC was founded under the promulgation of the Securities and Exchange Act B.E. 2535, with a mission to: “Develop and Supervise the Thai Capital Market to Ensure Efficiency, Fairness, Transparency, and Integrity”.

Best forex brokers Thailand

To find the best forex brokers in Thailand, we created a list of all the forex brokers that accept clients in Thailand and then ranked them based on our overall rating. You can see our list of our top forex brokers for Thailand below.

Broker
Rating
Regulated
Min. Deposit
Founded
Max. Leverage
1.

ADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSA

$100

2006

1:400

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
2.

ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA

$250

1974

1:200

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
3.

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

$200

2010

1:400

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
4.

ASIC, CySEC, DFSA, IFSC

$5

2009

1:888

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
5.

ASIC, CySEC, FSA, SCB

$200

2007

1:500

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

SEC forex brokers in Thailand

Thailand is among the biggest economies in the Southeast Asian region, with a very high gross domestic product, the country boasts a growing economy, which makes it an attractive destination for international foreign exchange brokerages.

Forex trading is legal in Thailand where it falls under the regulatory scope of the Bank of Thailand and the Securities and Exchange Commission of Thailand, otherwise known as SEC.

The Securities and Exchange Commission (SEC) or the Commission is the national government regulatory agency charged with supervision over the corporate sector, the capital market participants, and the securities and investment instruments market, and the protection of the investing public.

The Securities and Exchange Commission (SEC) and the Bank of Thailand (BOT) are responsible for regulating forex trading in Thailand. Interesting, Thai residents are not allowed to trade with pairs involving the baht. There is no formal requirement that the broker is regulated by the SEC or BOT, therefore it is acceptable to use a broker based outside Thailand. As a trader, it is wise to use a broker that has some sort of formal regulator than to use an unregulated broker.

How to verify SEC regulated brokers in Thailand

Forex trading was legalized in Thailand in 2017, with local authorities forging more relaxing regulations for investments in financial instruments like securities and derivatives. These regulatory relaxations aimed at facilitating the flow of capital in and out of the country as well as dealing with the strengthening of the local currency, the Thai baht (THB).

You can find an authorised broker’s license number from the disclosure text at the bottom of their homepage. You can then look up the authorisation number on the SEC website to confirm if the forex broker is regulated in Thailand to provide online forex trading products and services.

Some Thailand forex brokers are regulated in more than one jurisdiction so that they can offer a different range of trading accounts and conditions depending on the location of the trader and regulated entity that they choose to open a forex trading account with.

In Thailand, forex trading is a legal endeavour. The Bank of Thailand (BOT) is the main entity governing online forex trading activities. The BOT doesn’t enforce strict regulations for retail traders seeking to invest directly in financial securities and derivatives.

About the Author

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Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.


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