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We also outline the many factors that you need to look out for prior to choosing a broker and provide a step-by-step guide on how you can begin trading today.
Once your account is funded, you can buy and sell dozens of currency pairs at the click of a button. Put simply, a forex broker is a firm or company that provides a platform through which traders can access the international forex exchange markets and trade a range of currencies. Most forex brokers are online-based and integrate a range of resources and tools onto their trading platform. This commonly includes technical indicators, charting tools, risk management tools, financial news and insights, leverage and up-to-date market data. A forex broker earns money through the fees they charge.
ThinkMarkets -. › Best Forex Brokers.
The most common is the bid-ask spread of every currency pair traded on their platform. There is no standard spread for Thailand forex brokers, and it varies from one broker to another. Secondly, forex brokers may impose a fixed or variable commission fee for every trade executed on their platform, as well as other fees like withdrawal fees.
When comparing different forex brokers, you have to take into account a range of different factors.
These include:. Below we have listed our top five rated Thailand forex brokers. All of the trading platforms are located overseas, and they all hold at least one regulatory license. Most importantly, our top picks offer low fees and commissions and allow you to deposit funds with a range of payment methods. Note: Depending on the [A] the forex broker you attempt to sign up with or [B] the provider of your internet service, you might find that the website is blocked.
On the contrary, all of the brokers listed below support Thai traders. As such, you might need to use a VPN to access your preferred platform. Firstly, it takes just minutes to open an account, and you can quickly verify your identity by uploading a copy of your Thai passport or driver's license. Once you're all set up, eToro lists dozens of currency pairs. This includes all major and minor pairs, as well as a number of emerging currencies.
The broker does not charge any commissions when you trade forex, so it's only the spread that you need to cover, and eToro's spreads are some of the tigtest around. If you don't have any experience of trading forex, it might be worth using the eToro Copy Trading Feature. This is where you can copy trades like-for-like from other eToro users. When it comes to safety, eToro holds multiple licenses.
This ensures that your funds are held in segregated bank accounts, and that all other users at the site have their identity verified. You can fund your account with a variety of payment methods, including PayPal, and there's also the eToro app for forex trading on the go. Plus is a UK-based forex broker that accepts traders from Thailand. With 70 currency pairs, there's no shortage of trading options on Plus Other than the spread, there are no trading commissions to pay at this broker, and the spreads here are some of the most competitive on the market.
You'll also get to deposit and withdraw funds without being charged. What we also like about Plus is that it offers a proprietary mobile trading app on both iOS and Android devices.
This allows you to keep tabs on your forex trades while you are on the move. It also allows you to exit a trade at the click of a button if market conditions go against you. Plus is regulated in multiple jurisdictions, and its parent company is listed on the London Stock Exchange, so it's a very trustworthy broker.
This broker is known for its competitive, fast order execution, and useful trading tools. There are 39 forex pairs to trade, which isn't the largest selection, but should be more than enough for beginner traders. FXCM does not charge trade commissions or deposit or withdrawal processing fees. These feature a wide range of advanced trading and market analysis tools, provide access to the latest forex market data, and critical market news.
If you're looking for high leverage, be sure to check out FBS. With leverage set at , this broker offers one of the highest rates in the industry. This broker also offers just under 30 forex pairs, which you can trade commission-free and tight spreads from just 0. In such cases, it is important to know what happens with your securities and cash. Your funds are usually held in segregated accounts, so even if your broker goes bankrupt, your funds are safe.
They should provide access to lots of products as well as easy account opening and depositing. Home Best Forex Brokers in Thailand MT4 Platform for trading Forex, analysing financial markets and using expert advisors. Click here to visit Axi ». If you don't know what this model looks like, this Financemagnates article clearly explains it. ThinkMarkets clients have the option to choose between 6 distinctive trading account types. No educational material.
If all goes wrong, and for example, the broker steals your assets, then you have a last resort: the compensation fund of the country where the broker is regulated. These were the details, now let's zoom out. Here are the best international online brokers of for citizens in Thailand:. Interactive Brokers is our winner, the best international online broker in Thailand for Low trading fees. Wide range of products. Many great research tools. All of these brokers are considered safe and a great choice. Pick the winner, or any of the runners-up, and take the next step in your investment journey.
Let us know what you think in the comments section. Still unsure? Compare brokers with the help of our in-depth comparison table. Everything you find on BrokerChooser is based on reliable data and unbiased information. Read more about our methodology. Toggle navigation. Best international online brokers for citizens in Thailand Gergely K. Dec Interactive Brokers.
TD Ameritrade. Saxo Bank. Invest with incredibly low fees on 50 markets. The top 5 picks for best international online broker of for citizens in Thailand: Interactive Brokers is the best international online broker in TD Ameritrade takes second place. Low trading fees free stock and ETF trading. Superb desktop trading platform.
Great customer support. Saxo Bank rounds out the top three.
Great trading platform. Outstanding research. Broad product portfolio. TradeStation, numero quattro. Great web and mobile trading platform. Low stock and ETF fees. High-quality educational tools. Great educational materials. Good research tools. Back to Top. Our readers say. I just wanted to give you a big thanks!
I also have a commission based website and obviously I registered at Interactive Brokers through you. Especially the easy to understand fees table was great! Dion Rozema. Want to stay in the loop? Sign up to get notifications about new BrokerChooser articles right into your mailbox. First name.