Choosing the best forex brokers in Thailand is not easy as people usually think because not all are reliable and well-serviced. After many years having experience in this field, I can give the following brokers which I believe to be the best brokers together with FBS reviews as the following:
- Exness.com – 8/10
- XM.com – 7.5/10
- FxPro.com – 7.5/10
- FXTM – 6.5/10
Forex trading starts in US and UK, therefore their brokers are legal and popular. This is the opposite in Asian countries, especially in Thailand. Forex has not been authorized in Thailand yet, so it is hard to find which brokers should work with. There is no perfect broker in Thailand in the forex field.
The brokers above are considered as the best brokers in 2018. All of them can meet requirements and give traders the best quality. Let’s see how they show off.
- CREDITABLE REGULATIONS
The next point I have to mention is the regulations or licenses of brokers, especially in the forex market. Therefore, traders will not be protected by Thai government in case of cheat or loss. Only authorized organizations (government or non-government) who have a big voice can be under your consideration. Because this links to your guarantee in case of troubles, traders should choose forex broker, who can protect them from problems.
Brokers have trusted regulations are the best choice such as FBS, Exness, XM, ExPro, and FXTM. The number of licenses cannot say anything; it does not ensure brokers’ credibility. Even worse, some brokers will charge traders more with this standard. Two reliable regulations like CySEC and FCA are enough.
- Exness minimum deposit– CySEC, FCA ( total monthly trading volume: 400$)
- FxPro – CySEC, FCA, DFSA, FSB (total monthly trading volume: 300$)
- XM – CySEC, FCA, ASIC (total monthly trading volume: 100$)
- TRADING COSTS
Low spread is the top feature that attracts many traders in the field. To explain, spread is the difference of Bid and Ask price of a certain currency pair. FBS provides a spread rate from 0.2 to 1.1 pip, which is a relatively low rate compared to other top brokers in the file such as XM, FXTM, FXCM.
Similar to other best forex brokers in the world, FBS applies different commission and prices for each account types. Nevertheless, for Cent and Standard accounts, the commission fee is not charged.
A wide variety of bonus programs is applied at FBS, including deposit bonus, welcome bonus, or the loyalty program. Only by joining these bonus programs, a trader can gain up to $123. The rebate bonus programs provide traders 100% rebate of their deposit amount. As for the cashback program, traders can receive 7$ once they finish a lot. Another program is the welcome bonus program that rewards $50 for any new registers.
- CUSTOMER SUPPORT
In forex trading, the support from broker can significantly enhance the trading stability of a trader. As a result, I firmly believe that FBS is the best trader in this category with its 24/7 live chat English support and call back systems. In addition, FBS also provide support languages like Indonesian, Malaysian, Egyptian, Chinese, Korean and Myanmar for up to 5 days a week.