Study the list of Thai brokers and stock trading fees for the year 2026

Fees charged by each broker are a key factor impacting investors’ profits. Similar to general business costs, the top 10 securities companies in Thailand set different fee rates depending on account types and trading channels. Understanding the list of brokers and their respective fees helps investors manage costs more effectively.

How Broker Fees Affect Investment Profits

Investing in stocks is popular because opening a trading account is easy and convenient. Within 24 hours, investors with tens of thousands of baht can purchase quality stocks for their portfolios. However, the fees paid to brokers can significantly erode profits.

For example, some brokers set a minimum daily fee, meaning that even if investors buy only a small number of shares, they still pay a fee based on larger trades. Therefore, choosing a broker that matches your trading volume is essential.

Cash Balance Account vs. Cash Account – Differences and Appropriate Fees

Investors should understand that broker fees in 2026 vary across different account types, even within the same broker.

Cash Balance Account is an account where investors must transfer the full amount before trading, limiting trading capacity to the available funds. Most brokers charge 0.15% of the trading value (excluding VAT), which is the lowest rate for this account type.

Cash Account offers more flexibility, allowing same-day trading with a credit card-like credit line, settling the difference the next day. However, the fee rate is higher, generally around 0.20% of the trading value.

Comparison of Fees Among 10 Leading Thai Brokers

Fee Comparison Table 2026

*Excluding E-Statement requests
**Cash accounts have no minimum

Brokers with the Lowest Fees

Liberator offers the lowest fee at just 0.006% for both account types, with no minimum daily fee. Investors pay only based on actual trading volume, making it the most cost-efficient option currently.

SBI Thai Online ranks second with a 0.075% rate for cash balance accounts (no minimum), suitable for investors with lower trading volumes.

Bualuang (BLS) and Krungthai XSpring have no minimum fees, ideal for small-volume traders.

Leading Brokers Categorized by Investor Type

For small investors trading small amounts:

• Liberator (0.006%, no minimum)
• SBI Thai Online (0.075%, no minimum for cash balance)
• Bualuang (0.15%, no minimum)

For investors seeking comprehensive services:

• Kasikorn Thai (full-service, standard 0.15%)
• Thanachart (special 1% interest for cash balance accounts)

For frequent traders:

• Phillip Capital (minimum fee only 30 Baht, with good analysis tools)

Sources of Broker Fees and Calculation Methods

When investors want to buy stocks worth several cents, they cannot directly purchase from other market members because they don’t know who to contact, at what price, or whether the counterparty is trustworthy.

The Stock Exchange of Thailand (SET) requires investors to trade through official exchanges to reduce risks, especially since daily trading values can reach billions of Baht. Therefore, trading must be conducted via registered and trusted intermediaries—brokers.

Brokers collect orders and facilitate trading, earning income from various fees. Each broker employs different strategies to attract investors—some advertise higher fees but offer advanced services, while others set low minimum fees to attract high-volume traders.

Online Stock Trading Fees (CFD) – Alternative for Traders

Besides trading on the main stock exchange, another way to profit from stock price movements is through CFDs (Contracts for Difference), which are highly liquid derivatives.

Advantages:

• Use less capital and leverage to increase profits
• Usually no trading commission; brokers earn from bid-ask spreads

Disadvantages:

• High risk of significant losses due to leverage

Popular CFD Stock Brokers

How to Choose the Right Broker for Your Needs

Selecting the right broker should not be based solely on fees. Other factors include:

Customer Service Quality – Support during issues

Trading Platform – Stability, speed, ease of use

Analytical Tools – Data, news, analysis for decision-making

Additional Information – Deposit interest rates, bonuses, promotions

Security – Regulatory oversight, trustworthiness

While broker fees are important for cost management, balancing low fees with quality service helps maximize long-term returns.

Note: The fees mentioned are for self-directed online trading. Fees for order routing via investment advisors are often higher. Additionally, all fees exclude: (1) SET transaction fee (~0.007% of trading value), (2) 7% VAT on fees, and (3) ATS system fees (if applicable).