According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- THB 50,000
- Settrade Streaming
- Think Trade mobile applications
- Wealth Platform
- 1:1
- Block Trade strategy is allowed, inverse commission size depends on the trading volume during the day (the greater the turnover, the less the commission).
Our Evaluation of Thanachart Securities
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Thanachart Securities is a moderate-risk broker with the TU Overall Score of 6.91 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Thanachart Securities clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Thanachart Securities is a Thai financial company specializing in brokerage services and investor services, including investment consulting. Thanachart Securities is one of the oldest brokers in Thailand and is also part of a major financial holding in Asia.
Brief Look at Thanachart Securities
Thanachart Securities is a financial company that was founded in 1980. It offers Thai citizens and foreign residents margin lending, brokerage, and investment banking services. It is part of the Thanachart Group, which was established through the merger of major banks Thanachart Bank and Siam City Bank. Thanachart Securities is a member of the Stock Exchange of Thailand (SET) and its alternative section is the Market for Alternative Investment (MAI). The company provides direct access to securities and derivatives markets, mutual funds, and investment plans to meet various needs. The broker is regulated by the Securities and Exchange Commission of Thailand (SEC).
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- The company is a member of Thailand's major stock exchanges and is regulated by a government oversight body.
- The minimum trade amount is THB 1 (~0.0271 USD).
- There are live accounts that use personal funds only and those that allow leverage.
- Trading through popular platforms in Thailand such as Settrade Streaming and mobile apps like Think Trade.
- Access to investing in mutual funds offered by Asia’s largest asset management companies.
- The company supports two authentication types, including 2FA using PIN and password, and NDID for digital identity verification.
- There are investment plans with varying levels of risk and projected returns.
- The minimum deposit for margin accounts is THB 50,000 (~1,360 USD).
- Regardless of the investor's trading volume, a minimum commission of THB 50 is charged.
- The company does not offer access to trading foreign stocks and ETFs.
TU Expert Advice
Financial expert and analyst at Traders Union
Thanachart Securities offers three account types for trading securities and a special account for derivatives trading. Traders can trade using borrowed funds from the broker or solely their capital. The latter is a safer way to trade on the stock exchange, as it avoids the risk of losses from using leverage. Investors must have sufficient funds in their accounts to execute trades and cover commissions and other trade-related expenses.
Thanachart Securities provides margin lending services, allowing investors to buy assets with borrowed funds. The terms for each security vary depending on the associated risk, but generally, an investor can borrow up to 50% of the asset's value from the broker. Additionally, Thanachart Securities offers Securities Borrowing and Lending (SBL), a service where an investor borrows securities from another investor to sell or perform other operations like short selling. This is useful for those wanting to trade securities they do not own.
Thanachart Securities allows clients to invest in small, medium, and large company stocks and trade derivatives. The broker permits Block Trading, which involves purchasing futures on stocks in large quantities outside the exchange. Clients can also invest in Structured Notes, financial instruments that combine bonds and derivatives.
Thanachart Securities Summary
Your capital is at risk. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | Settrade Streaming, Think Trade mobile applications; and the Wealth Platform for working with investment plans. |
|---|---|
| 📊 Accounts: | Cash Account, Cash Balance Account, Credit Balance Account, Derivatives Account |
| 💰 Account currency: | THB |
| 💵 Deposit / Withdrawal: | Deposit via ATM or mobile banking app, bank transfers, and ATS (Automatic Transfer Service) |
| 🚀 Minimum deposit: | THB 50,000 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | THB 1 |
| 💱 EUR/USD spread: | No |
| 🔧 Instruments: | Stocks, ETFs, bonds, stock indices, derivatives (futures contracts and options), Structured Notes, Mutual Funds, DRx, and Derivative Warrants |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Exchange |
| ⭐ Trading features: | Block Trade strategy is allowed, inverse commission size depends on the trading volume during the day (the greater the turnover, the less the commission). |
| 🎁 Contests and bonuses: | No |
Thanachart Securities provides clients with access to Thailand's main exchange, the Stock Exchange of Thailand (SET), and the alternative platform, the Market for Alternative Investment (MAI), where small and medium-sized company stocks are traded. The minimum initial deposit for a Cash Balance Account is 50,000 THB. A Free Trial is available, allowing virtual trading with simulated funds. The broker does not offer bonuses or partner programs. Investments in asset purchases can start from as low as 1 THB, but the maximum transaction amount is limited to 500,000 THB.
Thanachart Securities Key Parameters Evaluation
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Trading Account Opening
Logging into the Thanachart Securities user account is conducted by entering the username and password. To request them, open a live account with the broker. The main steps of creating the user account are:
On the Thanachart Securities website, click on "Open Account" and select a live account.
In the account opening form, enter your ID number. Also, provide an email and phone number, then confirm them using OTP codes sent by the company.
Next, select the account type, and fill out the investor assessment form and profile. To confirm identity, the company uses the National Digital ID (NDID) system for digital identification. One of its stages involves uploading photos of documents containing the potential client's personal information and permanent address.
Regulation and safety
The government regulatory body responsible for monitoring and supervising financial markets and their participants in Thailand is the Securities and Exchange Commission (SEC). Thanachart Securities is registered with the SEC, meaning it operates as a regulated broker.
Additionally, Thanachart Securities is a member of Thailand's main stock exchange, the Stock Exchange of Thailand (SET). The full name of Thanachart Securities is Thanachart Securities Public Company Limited, and it is listed as member number 16.
Advantages
- Direct access to securities markets thanks to membership in the SET Exchange
- Regulation of broker's operations at the state level
- Annual financial performance audit by the regulator
Disadvantages
- An account can be opened only after submitting a full set of documents
- Broker does not accept cryptocurrencies and card/e-wallet deposits
- SEC sets the first deposit requirement at THB 50,000
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Cash Account | 0.127% but not less than THB 50 per day | Bank |
| Cash Balance Account | 0.107% but not less than THB 50 per day | Bank |
| Credit Balance Account | 0.107% but not less than THB 50 per day | Bank |
| Derivatives Account | THB 23.1 per contract | Bank |
Additional trading fees include commissions from the exchange, financial regulators, and depositories. The table below shows the average commission of three brokers.
Note that RoboForex and Pocket Option are international intermediaries for Forex and CFD trading, while Thanachart Securities is a Thai stockbroker.
Account types
To make your first trade through Thanachart Securities, open a live account. There are two options available, traders can either trade using funds provided by the company, which carries higher risk, or use only their capital.
Account types:
Before opening a live account, anyone can test Thanachart Securities' investment conditions using a demo account.
Thanachart Securities is one of the leading participants in the Thai financial market with extensive experience in investments and brokerage services.
Deposit and withdrawal
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Withdrawals are only available to the client's bank account. Free transfers can be made using the ATS electronic banking payment system.
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When using a traditional bank transfer, the financial institution may charge a fee for its services.
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For accounts with a credit limit, it is not possible to withdraw all funds if there are open positions. A portion of the money is blocked by the broker as collateral.
Investment Options
Through Thanachart Securities, investors can buy shares of Mutual Funds offered by 18 major capital management companies. Investments are available in Thai and international funds across various sectors, including stocks, real estate, money markets, and fixed-income instruments. Additionally, Thanachart Securities offers a range of investment plans with different characteristics.
ZEAL offers Goal-specific portfolios
To invest in one of the four available investment plans, you need free capital of THB 1 million. Investment management is conducted on the Wealth Platform.
Thanachart Securities’ ZEAL plan types:
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Sustain. A low-risk plan investing in high-dividend stocks and funds with stable financial performance. The expected annual return is 3-5%. The annual fee for investment consulting is 1% of the investor's portfolio size.
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Quality. A moderate-risk plan investing in stocks of stable companies with a trend of constant value growth. The target annual return is 5-7%. The annual consulting fee is 1.25%.
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Dynamic. A higher expected return plan (7-9% per year) but with greater risks by investing in various assets. The annual rebalancing fee is 1.5% of the portfolio's total value.
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Target. The highest risk plan with the largest target profit of over 10%. It invests in securities from companies with potential long-term growth. The annual consulting fee is 1.75%.
Thanachart Securities focuses on investing in assets that can generate profit regardless of stock market and economic conditions. However, this is not a guarantee of income.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Thanachart Securities’ partner program:
The broker attracts new clients with favorable trading conditions and a high level of reliability and does it directly, rather than through affiliates represented by current clients.
Customer support
If an investor, as either an unregistered user or a client, has a question, they can contact a representative of Thanachart Securities on weekdays from 8:30 to 17:00 (GMT+7).
Advantages
- Phone support is available
- Thanachart Securities has active Facebook and LINE profiles
Disadvantages
- Broker's representatives are unavailable via online chat
- Support is not available on weekends
From Monday to Friday, traders can reach Thanachart Securities through the following methods:
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By phone;
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By fax;
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By email;
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Through LINE;
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Through Facebook.
The headquarters of Thanachart Securities is located in Bangkok and welcomes clients during the company's business hours.
Contacts
| Registration address | Thanachart Securities Public Company Limited, 444 MBK Tower 18th Floor, Phayathai Road, Wangmai, Pathumwan, Bangkok 10330 |
|---|---|
| Regulation | SEC |
| Official site | https://www.thanachart.co.th/en/home |
| Contacts |
+66 (0) 2217 8000, +66 (0) 2217 8312
|
Education
Thanachart Securities provides investment training through seminars held at its offices. Recordings of these events are available on its YouTube channel. There is very little information for beginners on the official website, which can be found in the FAQs section.
To gain real investment skills without the risk of losing money, the broker recommends using the free demo version.
Detailed Review of Thanachart Securities
For over four decades, Thanachart Securities has been providing high-quality brokerage and investment services not only to residents of Thailand but also to those from other countries. The company is an official member of the Stock Exchange of Thailand, allowing it to offer direct access to the Thai securities market without intermediaries. Thanachart Securities offers a wide range of trading assets, both basic and derivative.
Thanachart Securities by the numbers:
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40+ years of successful operation in the Thai securities market.
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Total assets as of December 2023 exceed THB 161 million.
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The company has access to the two main stock exchanges in Thailand.
Thanachart Securities is a broker with a wide selection of derivatives.
Thanachart Securities supports trading in futures on commodities, agricultural products, gold, silver, USD, and stock indices. One available futures type is the 3M BIBOR Futures, based on the three-month Bangkok Interbank Offered Rate (BIBOR). These futures allow investors to hedge against interest rate fluctuations over the next three months and speculate on future rate changes. Such contracts are important tools for managing interest rate risk in financial markets.
Another risk management tool for Thanachart Securities clients is investing in 5-Year Government Bond Futures. These contracts enable investors to earn income from debt instruments without actually owning the bonds and to hedge against interest rate changes.
Thanachart Securities’ analytical services:
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T-Qlick. An analytical platform streaming real-time market data on stocks and other assets traded on the SET.
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T-Research. Research published in Thai and English, based on technical, fundamental, and quantitative analysis, as well as data generated by robo-advisors.
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Mutual Fund Recommendations. Thanachart Securities analysts study various fund types, including commodities, REITs (real estate investment trusts), local and international stocks, money markets, and fixed-income assets, and provide investment advice based on the client's risk tolerance.
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Asset Allocation Services. The company helps investors develop strategies to balance risk and returns while achieving their goals within specified timeframes.
Advantages:
Proprietary analytical platforms with extensive market data.
Online account opening and digital authentication of personal data.
Demo account.
Wide range of derivatives with variable and fixed commissions.
Multi-tiered commission model based on daily trading volume.
Thanachart Securities offers a wide range of services for stock market participants, including access to securities and derivatives trading, investment consulting, market analysis, and client support for making informed trading decisions.
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