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 Thailand
. This is really good news for traders looking to get involved in the forex markets as regulation typically keeps traders safe. Without regulatory bodies governing forex, brokers and educators are able to cause havoc for traders.
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 funding instead.
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 Thailand intends to change this regulation any time soon.
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 brokers in the world.
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 ForexNewsNow, breaking down some of the top forex brokers for Thai traders.
The top brokers for forex traders in Thailand are:
| Forex Broker | Leverage For Traders In Thailand |
| IC Markets | 1:500 |
| FP Markets | 1:500 |
| HotForex | 1:500 |
| FxOpen | 1:500 |
| Markets.com | 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 funding is a great idea. Forex prop firms like DT4X Trader offer traders funded accounts ranging from $10,000 to $400,000 – of which you keep a split of the profits! Luckily, the majority of funding platforms accept traders from Thailand, which is great news for us!
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 firm, doesn’t even care where traders are from as long as they’re profitable and able to manage their risk!
The top forex prop firms for traders in Thailand are:
| Company | Account Funding Offered |
| FTMO | $400,000 Funding After Performance Challenge |
| DT4X Trader | $50,000 Instant Funding |
| MyForexFunds | $200,000 Instant Funding |
| BluFx | $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 firms if you’re interested.
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!
