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Best Forex Brokers in Thailand
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Best Forex Brokers in Thailand
Thai trader or not, if you’re looking for the best forex brokers in Thailand you might be find that the process may not be as simple as you think. In fact, Thai brokers can be quite different from one another.To get more news about best forex brokers in thailand, you can visit wikifx.com official website.
In Thailand, the brokers’ daily operations are overseen by their SEC and by the Bank of Thailand. Accordingly, Thai forex traders are incentivized to choose a regulated local broker as they open their first account.
Accordingly, you will need to provide KYC data (Know your customer), usually in the form of your national ID or driving license, as brokers need to comply with AML requirements and other regulations.
Following your account creation and verification, funding your account is straightforward as you can do it via bank transfer, e-wallet, debit, or credit card, UnionPay, VISA, Mastercard and so forth.Usually, retail investors will find leverage all the way up to 1:500, something which we’re certain that will delight traders with a more aggressive style.
In order for Thai traders to choose the broker which will match their trading style we’ve selected 5 of Thailand’s very best brokers by looking at several indicators such as:
XM is one of the best forex brokers operating in Thailand. It was founded in 2009 and, ever since, it has been consolidating a solid track record by relentlessly working towards empowering Thai forex traders.
As such, those who are just starting out trading in Thailand can expect to be met with a solid database of educational materials, impeccable customer support, and interactive live trading rooms on a daily basis.
On the other end of the spectrum, seasoned traders can count on great trading tools, MT4 and MT5 integration. If you are planning to trade on the go, know that Android and iOS are fully supported as well.
In what concerns leverage XM goes for 1:888 and their spreads are as low as 0.1pips. XM is regulated by top tier jurisdictions such as CySEC, ASIC, and IFSC so you can count on them to be a reliable and transparent broker.
With a minimum deposit of $5 and a minimum trade o 0.01 micro lots trading has never been this easier.
And with their customary signup bonuses traders from Thailand can start their journey with XM in a matter of minutes.HotForex established itself in 2010 and given their regulations it is no surprise how easily it became Thailand’s most trusted forex broker. In fact, HotForex takes pride in its reliability and transparency which is why it is regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority Seychelles (FSA-SC), and the Financial Sector Conduct Authority (FSCA).
Minimum deposits can range between $5 and $300 depending on which account you choose. In what concerns leverage you’ll be met with a maximum leverage of 1:1000. As for the minimum spread, you can count on 0.1 EUR/USD.
HotForex also features over 1000 trading instruments, meaning that this broker goes above and beyond in delivering viable, reliable trading solutions to their clients.
Customer service is also top priority at HotForex which in tandem with their commission-free accounts makes it a perfect beginner friendly solution.