#1
GMO-Z com Securities (Thailand) Public Company Limited
RegulatedThailandSEC
Regulation
License
Spread
50.8Score
Ten firms carry a Thai registered address in the records WIKILIX keeps, and this page lists all of them, ranked by overall score. None is the offshore CFD brand a trader usually pictures when searching for a forex broker in Thailand. They are domestic securities houses, a Bangkok gold dealer and a few banks, and the distance between those two things is the whole point of the page.
A registered address is not a client licence. A firm headquartered in Bangkok may serve only Thai equities customers, while an offshore brand that takes Thai clients every day can be registered in Cyprus or Australia and so never appear here. The list answers one narrow question: which brokerage firms are actually based in Thailand, and what each one holds on paper.
What "based in Thailand" includes, and what it leaves out
Seven of the ten record a licence from Thailand's Securities and Exchange Commission (SEC). Those are conventional securities and derivatives houses: Pi Securities, which opened in 1966 and is the oldest firm here, alongside TISCO Securities, DBS Vickers, Maybank Kim Eng and InnovestX. YLG, a Bangkok gold dealer, leads the table on score at 48.6 and records the highest leverage on the list at 1:500. GMO-Z.com is the only one of the ten to also hold a licence outside the country, from Hong Kong's Securities and Futures Commission, and it is one of just two firms, with YLG, whose licences we rate at tier one. The remaining three carry no regulator at all, and that group shows what a domicile list really captures: it includes the Bank of Thailand, the country's central bank, which holds no broker licence and scores zero.
| Firm | Score | Opened | Licence on record |
|---|---|---|---|
| YLG | 48.6 | 2003 | SEC (Thailand) |
| GMO-Z.com | 40.4 | n/a | SEC (Thailand), SFC (Hong Kong) |
| BCEL | 32.0 | 1975 | None on record |
| Pi Securities | 31.6 | 1966 | SEC (Thailand) |
| InnovestX | 28.8 | 1995 | SEC (Thailand) |
| DBS Vickers | 27.8 | 1996 | SEC (Thailand) |
The ten scores run from zero to 48.6, with a midpoint of 28.3. Six of these firms opened before 2000 and three before 1980, so age and standing are genuine here.
What a Thai SEC licence actually covers
Thailand's SEC authorises securities and derivatives brokerage under Thai law. That is not the permission an offshore regulator grants a retail forex or CFD brand, and the difference matters before you deposit. A company can be a legitimate, long established Thai securities house and still not offer leveraged currency trading at all. What its licence does not tell you is whether it will take you on as a margin forex client, or on what terms.
What this list does not tell you
It records a head office and the licences we have on file, and nothing about spreads, execution, deposit methods or whether a firm accepts clients from your country. It also will not surface the international brokers most Thai traders actually use, because those register in Cyprus, Australia or the United Kingdom and answer to the FCA, ASIC or CySEC rather than to Thailand's SEC. Confirm any licence on the SEC's own public register before you act on it.
Before you deal with a Thailand-registered firm
- Check which legal entity you would actually contract with. A Bangkok parent and the desk that opens your account are not always the same company.
- Confirm on the SEC register that the firm is permitted to offer margin forex or CFDs, not only Thai equities and derivatives.
- Read whether the firm accepts clients resident outside Thailand before assuming its licence protects you.
- Treat a firm with no regulator on record, such as the two state banks here, as an institution that is not a retail trading venue.
- Match any leverage a firm advertises to what its licence permits; a 1:500 figure sits oddly against a securities licence built for cash equities.
10brokers on this list
Researched & ranked by the Wikilix team
- #2
YLG
RegulatedThailandEst. 2003SEC
RegulationLicenseSpread48.6Score - #3
Pi Securities Public Company Limited
RegulatedThailandEst. 1966SECRegulationLicenseSpread44.5Score - #4
Maybank Kim Eng (Thailand)
RegulatedThailandEst. 2011SECRegulationLicenseSpread44.4Score - #5
TISCO Securities Company Limited
RegulatedThailandEst. 1975SECRegulationLicenseSpread38.5Score - #6
BCEL
No RegulationThailandEst. 197532.0Score - #7
Innovative X Securities Co., Ltd
No RegulationThailandEst. 199529.5Score - #8
DBS Vickers Securities (Thailand) Co.,Ltd.
No RegulationThailandEst. 199627.0Score - #9
Bank of Thailand
No RegulationThailandEst. 20170.0Score - #10
Export-Import Bank of Thailand
No RegulationThailandEst. 19930.0Score
This page is rebuilt from the licence records WIKILIX holds, so a firm that gains or loses a Thai registration moves on or off it without anyone editing the copy. The scores and opening dates shown reflect what is on record today, 14 August 2026, and each licence should be confirmed on the SEC's own register before you rely on it.
Because the list is drawn by registered address, it is a starting point for one question only: which brokerage firms sit inside Thailand. If you are weighing where a firm is licensed rather than where it is based, the neighbouring rankings help more. Traders comparing Southeast Asian bases can look at the firms registered in Singapore and Malaysia, both of which carry a larger share of licensed retail brokers. The Hong Kong list is worth reading for anyone following GMO-Z.com's Securities and Futures Commission licence, and the Seychelles page shows where many offshore CFD brands register instead. Each of those is a domicile page too, so the same caution applies: a registered address tells you where a company answers its post, not where it is allowed to take your money.
Frequently Asked Questions
Frequently asked questions
Answers from the Wikilix research team about this ranking.
Most Popular Questions
Thailand's Securities and Exchange Commission authorises securities and derivatives brokerage under Thai law, which is what firms like Pi Securities and DBS Vickers hold here. It is not the same as an offshore retail forex or CFD authorisation, so a Thai SEC licence does not by itself mean a firm offers margin currency trading. Verify the exact permissions on the SEC's public register.
Because this page is built from registered address, not from what a firm sells. The Bank of Thailand is the country's central bank, carries no broker licence and scores zero, yet its Thai registration puts it in the same domicile group as the securities houses. It is a clear example of why a head office alone tells you very little about who you would actually be trading with.
Only one. GMO-Z.com records both a Thai SEC licence and a licence from Hong Kong's Securities and Futures Commission, which makes it the single firm here regulated by more than one authority. Every other firm on the list holds either a Thai SEC licence alone or, in three cases, no regulator on record.
No. The large international CFD brands that accept Thai clients are headquartered in places like Cyprus, Australia and the United Kingdom, so they answer to regulators such as CySEC, ASIC and the FCA rather than to Thailand's SEC. Because this page is drawn by registered address, those brands do not appear here at all. This list covers only firms based inside Thailand.
Pi Securities is the oldest firm on this list, with a recorded opening date of 1966. Two more, TISCO Securities and BCEL, date to 1975. In all, six of the ten firms opened before 2000 and three before 1980, so several are long established securities houses rather than recent arrivals to the market.
This list is drawn by registered address, so it does not tell you which firms accept forex clients or on what terms. Thailand's SEC licenses securities and derivatives brokerage, not retail CFD forex, so the domestic firms here are not built for leveraged currency trading. Check each firm's own terms, and confirm what its licence permits on the SEC register before depositing.
Seven of the ten record a licence from Thailand's Securities and Exchange Commission: YLG, GMO-Z.com, Pi Securities, InnovestX, DBS Vickers, TISCO Securities and Maybank Kim Eng. These are securities and derivatives houses rather than retail forex brands. GMO-Z.com is the only one that also holds a licence abroad, from Hong Kong's Securities and Futures Commission.
Ten firms carry a Thai registered address in the WIKILIX records, but none is a dedicated retail forex or CFD broker. They are domestic securities houses such as Pi Securities and TISCO, a Bangkok gold dealer in YLG, and three institutions with no regulator on record, including the Bank of Thailand. The offshore brands most Thai traders use are registered abroad and do not appear.