Which broker is worth choosing? Analyzing fee structures from 10 major players in 2025

How important are broker fees to an investor’s profit? Think about it: if you make a 5% profit but the broker charges a high fee of 0.20% per trade, your expected profit will significantly decrease. Conversely, brokers with no minimum fee allow investors to trade with losses or start with smaller capital more comfortably. Let’s see how the top 10 brokers in Thailand charge fees in 2025.

Fee Comparison Table for Each Broker in 2025

*No minimum fee when using E-Confirmation | **Exempt when using E-Statement

Which broker to choose based on your situation?

For small investors: maximize profit with less capital

If you’re starting to buy stocks with not much money, minimum fees matter. For example, if you buy stocks worth 3,000 Baht:

• Brokers with no minimum (Bualuang, Krungthai XSpring): Fee = 3,000 × 0.15% = 4.5 Baht
• Brokers with a 50 Baht minimum: you pay 50 Baht rounded up

Tip: Choose Bualuang (BLS) or Krungthai XSpring for small trades

For experienced traders who trade regularly: low fee per transaction

SBI Thai Online (SBITO) offers a special half-half fee rate of 0.075% for cash accounts, which is much lower than the market average. Additionally, there is no minimum fee when using E-Confirmation.

Additional options: Liberator Securities uses a tiered system based on trading volume, starting at 0.15% and decreasing to 0.11% for trades over 20 million Baht.

For niche traders and bank customers

If you are a current customer of a bank group, the broker within the same group might have disadvantages, such as:

• Thanachart offers a special deposit account with 1% annual interest if you deposit money for stock trading simultaneously
• Kasikorn Thai provides in-depth analysis tools and real-time market updates

Hidden costs: what investors often forget to consider

The broker fees listed here do not include other expenses such as:

• Stock Exchange fee: about 0.007% of trading value (paid to the Stock Exchange of Thailand)
• VAT (Value Added Tax): 7%, applied to total fees
• ATS fee: for cash accounts, an additional 14.98 Baht per transaction (including VAT)

In total, if you buy stocks worth 50,000 Baht, additional fees could amount to 100-150 Baht beyond broker fees.

CFD Stocks: an alternative with no trading fees but other costs

For those wanting to use less capital for higher profits (or high losses), CFD stocks are derivative instruments as an alternative.

Unlike buying stocks directly, CFDs do not charge trading fees, but brokers profit from the bid-ask spread (Bid-Ask Spread), which is often higher than actual stock trading. Additionally, CFDs support high leverage up to 1:200 (deposit only 5,000 Baht controlling a contract of 1,000,000 Baht), expanding both profit and loss opportunities.

Summary: choose a broker that fits your trading style

There is no “best” broker for everyone. The right choice depends on:

1. Trading volume: smaller traders prefer no minimum (Bualuang, Krungthai XSpring)
2. Specific needs: frequent traders choose lower fees (SBI Thai Online at 0.075%)
3. Additional services: for advanced analysis tools, consider Kasikorn Thai or Thanachart
4. Investment strategy: if planning to use leverage, consider CFD instead of direct stocks

Don’t let broker fees alone decide. Consider service quality, reliability, and trading convenience as well.