|Click for a special offerWebsite
There are two institutions governing the financial sector in Thailand – Bank of Thailand, which is dedicated to provide a stable financial environment for sustainable economic growth and the Securities and Exchange Commission (SEC) of Thailand, which regulates the securities market in the country including the forex and CFD trade.
And while Bank of Thailand supports a public register of all financial businesses that fall under its jurisdiction, including all commercial and retail banks as well as the subsidiaries of foreign banks, foreign bank branches, finance companies, credit institutions, asset management companies, credit card providers and e-payment businesses, on SEC website we were not able to find such a list of licensed brokers.
With that in mind we should note that forex trading has never been illegal in Thailand and traders, based in the country, can choose freely form all big international brokers, that support their websites in Thai, such as FBS, FXCM, FxPro and XM. Besides, FBS has even established a Thai branch with local offices.
As for the payment methods available in the country most licensed international brokers accept payments via major credit or debit cards like VISA and MasterCard, popular e-wallets like Skrill, Neteller and PerfectMoney, as well as local banks as Krungthai Bank (KTB), Siam Commercial Bank, Thai Military Bank (TMB), Thanachart Bank, Bangkok Bank, Kasikorn Bank, Krungsri Bank.