Is Forex Trading Legal In Thailand?


Over the last few years, forex trading has grown massively online and some brokers have millions of trading clients from all around the world. Social media coupled with huge leverage and lack of regulation has lead to forex being traded from nearly all countries around the world – with a much lower barrier of entry compared to other forms of investing. With that being said, is it legal to trade forex in Thailand?

Forex trading is completely legal in Thailand since 2017 when the Securities and Exchange Commission of Thailand and the Bank of Thailand started regulating this form of investing. The majority of forex brokers will accept clients from Thailand so you have many options and high leverage at your disposal.

Forex Trading In Thailand – The Law

Since 2017, forex trading has been completely legal in Thailand. Not only is it legal, it’s actually highly regulated by the Bank of Thailand and Securities and Exchange Commission of ThailandOpens in a new tab.

You will be hard pushed to find a broker that is actually based in Thailand, but the majority of forex brokers will accept traders from Thailand. If you want to be trading money for investors, you’re going to need to get licensed to do so. This process is the same in almost all countries where forex is regulated. Instead of getting regulated, as this is a fairly long process, I’d recommend using a prop firm for fundingOpens in a new tab.

It’s actually a perfect time to be trading forex in Thailand as the regulations and rules in place do allow for growth. Some countries, mainly in Europe, have been cracking down on retail forex traders and completely removing leverage – cutting it down to 1:30 from 1:500, which is a huge reduction. Leverage for Thai traders is still up to 1:500, luckily. I haven’t been able to find any statements mentioning that the Bank of ThailandOpens in a new tab.

Finding A Forex Trading Broker In Thailand

If you’re looking to trade forex in Thailand, you will need to be using a broker that accepts traders from Thailand. Luckily, this is all brokers. I can’t find any brokers that will not accept traders from this jurisdiction, so you have the pick of all of the best forex brokersOpens in a new tab.

There are some new forex brokers coming out of Thailand, which is great news for the country. However, the regulations in Thailand for brokers, set out by the Bank of Thailand, aren’t too concise yet as there is really only a handful of small brokerages. For this reason I would highly recommend avoiding using brokers that are based in Thailand and use brokers that are highly regulated in other jurisdictions.

There is a handy list published by ForexNewsNowOpens in a new tab.

The top brokers for forex traders in Thailand are:

Forex BrokerLeverage For Traders In Thailand
IC MarketsOpens in a new tab.1:500
FP MarketsOpens in a new tab.1:500
HotForexOpens in a new tab.1:500
FxOpenOpens in a new tab.1:500
Markets.comOpens in a new tab.1:30

The Best Prop Firm For Forex Traders In Thailand

For those forex traders looking to advance their career and trade a much larger account size, utilising prop firms for fundingOpens in a new tab.

There currently aren’t any prop firms based over in Thailand. The majority of firms are based in Europe or the U.K but accept Thai traders. FTMO, the most popular trading firmOpens in a new tab.

The top forex prop firms for traders in Thailand are:

CompanyAccount Funding Offered
FTMOOpens in a new tab.$400,000 Funding After Performance Challenge
DT4X TraderOpens in a new tab.$50,000 Instant Funding
MyForexFundsOpens in a new tab.$200,000 Instant Funding
BluFxOpens in a new tab.$50,000 Instant Funding

I have a list comparing and contrasting another 20 forex prop firms, so check out our full list of top prop firmsOpens in a new tab.

In Summary, Can You Trade Forex In Thailand?

In conclusion, forex trading is completely legal in Thailand since 2017. If you’re trading over $1,000,000 per year, or other traders capital you will need to be licensed in Thailand to do so. The Bank of Thailand and Securities and Exchange Commission of Thailand regulate the forex industry and it’s recommended that you trade with a regulated broker. All forex brokers accept clients from Thailand.

If you have any questions or queries please do let me know in the comments down below and I’ll do my best to answer!

Kyle Townsend

I've been trading forex full-time since 2016. Over the last few years I have tried and tested all of the most popular forex brokers after being scammed by an unregulated broker back in 2017. I post my reviews to help others stay away from potentially high risk brokers!

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