Choose your broker fee wisely: Thailand Stock Trading Account 2026

Broker fees are a key variable often overlooked by investors. However, when considered carefully, they impact net profit just as much as choosing good stocks. The difference between a broker charging 0.15% and one charging 0.075% may seem small, but when applied to large investments, it results in a significant difference. Today, we analyze the broker fees of leading brokers in Thailand to help you make systematic decisions.

True Broker Fees: What Costs Do You Need to Know?

Before comparing, it’s important to understand that broker fees are not just what the broker charges. Securities companies inform investors that the total actual costs include several parts: the fee charged by the broker, the Thailand Securities Exchange fee (about 0.007%), 7% VAT, and sometimes additional ATS system fees.

However, when comparing different brokers, the part that collects and processes orders as an intermediary should be given the highest priority.

Clear Comparison Table of Broker Fees in 2026

Lowest Broker Fees: For Cost-Conscious Investors

Liberator (0% commission)

Liberator Securities maintains its position as the first in charging 0% broker fees for trading via their app, meaning investors only pay the exchange fee. This is the best choice for frequent traders, as zero broker fees maximize cost savings.

SBI Thai (0.075% for Cash Balance)

SBI Thai Online (SBITO) is considered a broker with highly competitive broker fees for Cash Balance accounts, charging only 0.075%, below average, with no minimum fee. Additionally, their Cash Account fee is reasonable at 0.10% with a minimum of 50 Baht, suitable for investors seeking flexibility.

Standard Broker Fees: The Average in the Industry

Most brokers, such as Bualuang, Krungthai X Spring, and TISCO, charge standard broker fees: 0.15% for Cash Balance accounts and 0.20% for Cash Accounts.

Bualuang (BLS) is an interesting option because it has no minimum fee when submitting orders via internet and using E-Confirmation, benefiting investors with smaller capital.

Innovest X (Securities of SCB) is also convenient, as it can waive minimum fees when requesting confirmation via E-Statement.

Thanachart not only charges standard rates but also offers a bonus: a special deposit interest rate of 1% per year for Cash Balance accounts, which can offset part of the broker fee.

Minimum Fees: A Cautionary Tip

Many investors overlook the minimum commission fee. For example, if you buy stocks worth 30,000 Baht with a 0.15% fee, you’d pay 45 Baht. But if the broker sets a minimum of 50 Baht, you pay 50 Baht instead.

Brokers with no minimum fee (Bualuang, Liberator) are suitable for beginners with small capital. Conversely, brokers with a 50 Baht minimum (SBI, Innovest X, KASIKORN) are still good options for those trading over 300,000 Baht daily.

Cash Balance vs. Cash Account: Differences in Broker Fees

Cash Balance Account requires full deposit before trading, limiting leverage but offering the lowest broker fee (around 0.15%). Suitable for risk-averse investors seeking low commissions.

Cash Account allows trading exceeding the deposited amount (with next-day settlement), increasing leverage but with higher broker fees (around 0.20%). Ideal for experienced traders needing higher trading capacity.

Stock CFDs: An Alternative for Lower Costs

Besides trading actual stocks, CFDs (Contracts for Difference) are another tool offering convenience. CFD brokers typically do not charge direct broker fees but earn from the bid-ask spread.

Examples of CFD brokers:

• Mitrade: No trading fees, low spreads, 1:200 leverage
• IC Markets: No fees, up to 1:1000 leverage
• CMC Markets: $10 per contract, 1:500 leverage

CFDs are suitable for those seeking higher profits via leverage but require caution due to the risk of significant losses.

How to Choose a Broker to Maximize Fee Savings

1. For small daily trading (<50,000 Baht): Choose brokers with no minimum fee, such as Bualuang or 0% brokers like Liberator.

2. For regular trading (50,000–500,000 Baht/day): Select brokers with low broker fees and minimums not exceeding 50 Baht, e.g., SBI Thai or Bualuang.

3. For large trading (>500,000 Baht/day): Broker fees matter less since minimum fees are less impactful; focus on service and convenience.

Note that all calculations are based on self-placed orders via online platforms, which are cheaper than orders placed through investment advisors (about 0.25%). To maximize savings, it’s recommended to place orders yourself through the broker’s online platform.