Brokers With THB Accounts

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James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
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Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
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William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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Brokers with THB accounts allow traders to make deposits and withdrawals and manage their trading accounts in the Thai Baht. This can eliminate currency conversion fees for traders based in Thailand while supporting brokers are more likely to accept local payment methods, including wire transfers from Kasikorn Bank and Siam Commercial Bank.

This guide ranks the top brokers with THB accounts in 2024. We also explain how to check if a trading platform accepts the Thai Baht, alongside tips for comparing firms.

Brokers With THB Accounts

These are the 3 best brokers that offer accounts with THB as the base currency:

Click a broker for details
  1. 1
    Exness

    Ratings
    4.5 / 5
    4.3 / 5
    4.2 / 5
    4.8 / 5
    4.3 / 5
    4.5 / 5
    4.3 / 5
    3 / 5
    4.4 / 5
    4.3 / 5

    $10
    0.01 Lots
    1:2000
    FSA, CySEC, FCA, FSCA, FSC, CBCS, CNMV
    CFDs, Forex, Stocks, Indices, Commodities, Crypto
    Exness Trade App, MT4, MT5, TradingCentral
    Wire Transfer, Credit Card, Visa, Mastercard, Bitcoin Payments, Boleto
    USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR
  2. 2
    Quotex
    30% Deposit Bonus

    Ratings
    1.8 / 5
    4 / 5
    3.5 / 5
    4.5 / 5
    3.3 / 5
    1 / 5
    1.8 / 5
    1.8 / 5
    4.2 / 5
    4.1 / 5

    $10
    $1
    Digital Options on Stocks, Indices, Forex, Commodities, Cryptos
    Web Platform, Mobile App
    Credit Card, Visa, Mastercard, Perfect Money, Bitcoin Payments, Wire Transfer, Ethereum Payments, Maestro, Debit Card
    USD, EUR, GBP, INR, JPY, MYR, IDR, RUB, BRL, NGN, THB, VND, UAH
  3. 3
    JustMarkets
    $30 No Deposit Bonus

    $1
    0.01 Lots
    1:3000
    CySEC, FSA, VFSC
    Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures
    MT4, MT5
    Visa, Mastercard, Credit Card, Perfect Money, Sticpay, FasaPay, Wire Transfer, Debit Card, Bitcoin Payments, Airtm, Ethereum Payments
    USD, EUR, GBP, ZAR, MYR, IDR, THB, VND, KWD

Here is a short summary of why we think each broker belongs in this top list:

  1. Exness - Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 800,000 clients, several awards and reputable licensing, the broker has maintained its position as a highly respected global brand. Active day traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.
  2. Quotex - Quotex has been a top binary options broker since 2019, offering over 400 binaries across currencies, commodities, stocks, and crypto. With contracts spanning 5 seconds to 4 hours, short-term traders enjoy flexibility while payouts that exceed 95%, offer high potential returns. Continuously adapting to trader demands, Quotex provides a user-friendly platform for trading binaries.
  3. JustMarkets - JustMarkets is a multi-asset broker with both CySEC-regulated and offshore branches. Offering ultra-low spreads, copy-trading services, 170+ tradeable instruments and MetaTrader support, JustMarkets has a lot to offer both beginner and experienced traders.

Brokers With THB Accounts Comparison

Brokers With THB Accounts Comparison
Broker Minimum Deposit Instruments Platforms
Exness logo
$10 CFDs, Forex, Stocks, Indices, Commodities, Crypto Exness Trade App, MT4, MT5, TradingCentral
Quotex logo
$10 Digital Options on Stocks, Indices, Forex, Commodities, Cryptos Web Platform, Mobile App
JustMarkets logo
$1 Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures MT4, MT5

Exness

"Exness remains an accessible broker for all experience levels, though experienced day traders will particularly appreciate the ultra-low commission rates, fast withdrawals and high-quality charting software."

Tobias Robinson, Reviewer

Exness Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Crypto
RegulatorFSA, CySEC, FCA, FSCA, FSC, CBCS, CNMV
PlatformsExness Trade App, MT4, MT5, TradingCentral
Minimum Deposit$10
Minimum Trade0.01 Lots
Leverage1:2000
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR

Pros

  • Local payments are available, plus deposits in BTC and USDT
  • Top-tier licensing with the FCA and CySEC and a strong reputation with over 10 years in business
  • Highly competitive spreads, reduced for USOIL and BTCUSD in 2024, are available from 0 pips and low commissions from $2 per side

Cons

  • There are several regional restrictions for retail traders including the USA, Europe and the UK
  • Unlike most competitors, Exness doesn't provide its own education section
  • There are no promotional deals or loyalty schemes for high-volume day traders

Quotex

"Quotex is best for making short-term trades on popular markets. The payouts up to 98% are above average and enhancements to the platform have ensured it's easy to use for beginners. That said, the lack of regulatory oversight, limited education and weak support are key drawbacks."

Jemma Grist, Reviewer

Quotex Quick Facts

Bonus Offer30% Deposit Bonus
Demo AccountYes
InstrumentsDigital Options on Stocks, Indices, Forex, Commodities, Cryptos
PlatformsWeb Platform, Mobile App
Minimum Deposit$10
Minimum Trade$1
Account CurrenciesUSD, EUR, GBP, INR, JPY, MYR, IDR, RUB, BRL, NGN, THB, VND, UAH

Pros

  • The $10 starting deposit and $1 minimum stake make Quotex.io accessible to beginners
  • Quotex maintains its position as an excellent choice for short-term binary trading with turbo contracts from 5 seconds
  • Account funding is straightforward thanks to the wide range of payment methods, zero fees and intuitive cashier portal

Cons

  • Despite advertised payouts of up to 98%, testing shows average payouts trail best-in-class broker Pocket Option
  • Quotex is unregulated, which means traders may receive limited safeguards
  • Customer support has been weak during tests with no live chat and slow response times

JustMarkets

"With some of the most affordable pricing in the game and access to the powerful MT4 and MT5 platforms, JustMarkets is a good choice for any investor."

Tobias Robinson, Reviewer

JustMarkets Quick Facts

Bonus Offer$30 No Deposit Bonus
Demo AccountYes
InstrumentsForex, CFDs, indices, shares, commodities, cryptocurrencies, futures
RegulatorCySEC, FSA, VFSC
PlatformsMT4, MT5
Minimum Deposit$1
Minimum Trade0.01 Lots
Leverage1:3000
Account CurrenciesUSD, EUR, GBP, ZAR, MYR, IDR, THB, VND, KWD

Pros

  • Low minimum deposit
  • 170+ trading instruments
  • Tight spreads from 0 pips

Cons

  • Non-forex asset list is light with just 65 stocks plus a handful of indices and commodities
  • Limited availability with clients not accepted from the US, UK, Japan, Germany and other countries

How THB Trading Accounts Work

Base currencies are the currencies that the broker accepts for making deposits, withdrawals, and trades – without any additional conversion fees. So when the base currency is THB, Thai traders can often fund accounts for free. In contrast, if a Thai trader opens a USD-denominated account, then their deposit in THB will be converted into USD at the current market rate, plus a commission depending on the broker.

Brokers with THB accounts also offer other advantages to aspiring traders. For one, it is easier to view and interpret account balances and trading fees in your local currency.

The top THB brokers are also more likely to be regulated by local regulators, such as the Thai Securities & Exchange Commission (SEC). In addition, THB trading platforms tend to accept local and regional deposit methods, such as Netbanx Asia.

THB Currency Explained

The Thai Baht is the national currency of Thailand, issued by the Bank of Thailand in Bangkok and was the 12th most used fiat currency used in 2022.

The Baht has been in use in some form since the 13th century. However, the modern Baht that is used today was introduced in the late 19th century, after the collapse of the traditional system of exchange that had been used in the country. The Baht was officially adopted as Thailand’s currency in 1897, and it has been in continuous use since that time.

The Baht has undergone several revaluations, with the most recent taking place in 1997 in response to a severe economic crisis in the country due to it being pegged with the USD causing currency instability.

Today, the Baht is pegged to a basket of foreign currencies, with the US dollar being the most heavily weighted. The value of the Baht is tied to the value of the currencies in the basket and is allowed to fluctuate within a certain range. The basket is managed by the Bank of Thailand and the specific weights of the various currencies in the basket are not publicly disclosed. The managed float system ultimately aims to maintain the stability of the Baht and promote healthy economic growth.

Although widely used for domestic transactions within the country, the THB is also accepted as a form of payment in some other countries in Southeast Asia, particularly in border areas where there is a lot of trade and tourism with Thailand.

Pros Of Brokers With THB Accounts

THB trading accounts offer several advantages:

How To Check A Broker Offers THB Accounts

Here are a few straightforward ways to check if a broker offers a Thai Baht (THB) trading account:

Comparing Brokers With THB Accounts

Here are the key things to consider when comparing brokers with THB trading accounts:

Final Word On THB Trading Accounts

Brokers with THB accounts allow traders to manage their trading profiles in Thai Baht – this includes making deposits, requesting withdrawals, and executing trades. They can help reduce exchange fees, make it easier to manage day trading activity, and are more likely to be regulated by the SEC of Thailand.

Use our list of the top brokers with THB accounts to start trading.

FAQs

What Are Brokers With THB Trading Accounts?

Brokers with THB accounts offer trading accounts with the Thai Baht as the base currency. Popular examples include Superforex and Quotex.

Brokers that offer multiple base currency trading accounts, such as THB, make online trading accessible to global traders. THB trading accounts essentially eliminate the need for Thai traders to pay currency conversion fees – they can make deposits directly in THB.

How Do I Open A THB Trading Account?

First, choose from our list of brokers that offer THB trading accounts. Then complete the online registration form. This should provide you with basic access to your trading account. For full access, including making withdrawals, most THB brokers will require you to complete KYC verification.

How Do I Fund My THB Trading Account?

Making any payments with a THB trading account is the same as making deposits with any other type of account. Navigate to the payment portal, select deposit, choose from the list of payment options, enter the transfer amount, and confirm the payment.

The specific funding options available with a THB trading account will depend on the broker you are using. The top THB brokers will accept bank transfers from Kasikorn Bank, Siam Commercial Bank, and Bangkok Bank.