GMI EDGE FOREX BROKER
GMI is one of the best brokers for gold trading and provide services for traders in Thailand for a long time. In which, the key features in gold trading are as follows;
The gold price is stable when there is news. The server shows no distorted results, not occurring any problems regardless of the situation.
The gold price spread, although not very low, but it is fairly lower than other Forex brokers, although not very low.
The advantage of GMI in gold trading is that there is no commission fee at all for order sending. Most of the forex brokers have a commission fee for gold trading. Most importantly, GMI Edge has no Swap fee.
Fast deposit, when facing problems in depositing and withdrawing, you can contact the Support immediately.
EXNESS FOREX BROKER
Exness is regarded as the 2nd broker in gold trading, but if we compared it to Spread, Commission, and Swap fees, Exness is considered better than XM. It is only the stability of the server and the spread during the news that drags down the score a lot, like taking advantage of investors. The advantages of using Exness in gold trading are as follows;
Spread and Swap are considered lower than XM, but there is a commission fee added to, which overall makes no difference However, Exness’s spread is prone to widen over critical news. Ttherefore, we shall pay attention to this over gold trading.
Deposits and withdrawals are considered fast and without problems. Large amounts of funds can be withdrawn and transferred within 24 hours.
In the group of Thai traders, there are often reports of deposit and withdrawal issues and server stability.
Peperstone is an Australian broker and is one of the two large brokers together with the IC market, but Peperstone is more convenient in Thailand and is more reliable in our opinion for the following reasons;
Australia’s Forex Brokers are already known for their reliability. But another highlight is the Spread, Swap, and Commission fees in gold trading that are considered proper.
Due to the recent Thai market entering and that Pepperstone has never been marketing abroad before, making the deposit and withdrawal process more complicated than that of No. 1 and No. 2 brokers, but it can be deposited and withdrawn because there are agents available in Thailand, which is fairly good.
In fact, Australian brokers should care quite a bit about their Asian customers. They however, see that our market is just an emerging market, making assistance to Thai traders not available 24 hours a day, so it’s a bit obstructive when customers face problems in trading and do not know who to inquire to.
The competitive factor of gold trading brokers is spread and commission. No broker will always support us. Because if they do not receive any commission from us, they will either increase the spread or the swap anyway. Pepperstone’s commission is considered low.
IC MARKETS FOREX BROKER
This is another broker for Thai people that is popular for gold trading and as an Australian broker, the advantage of this broker is that, it is registered with the strict ASIC authority, which enforces straightforward rules such as low leverage, which IC Markets has changed. Let’s take a look at why we classify IC Markets as the ideal broker for gold trading.
If talking about taking money to trade, then it must be given to No. 1 broker from Australia, due to its strict regulatory body. Recently, there have been forced to change the leverage of the IC Market Forex Broker because it is registered with ASIC, but they have transferred to register the broker at other locations as well.
The cost of trading is comparable to that of others, but the commission fee is slightly higher than other rankings. But if customers send orders often, it can be considered a lot of money, especially for Day Trade.
This broker is suitable for moderately experienced traders and trading a medium-sized portfolio of $10,000 is considered convincing. However, this does not mean that other Forex brokers are terrible. This rating is made solely for gold trading. Because some traders’ gold trading accounts are very large in size, therefore, one should select a good broker.
XTB FOREX BROKER
XTB is another well-known broker in Forex trading, because it is a highly reliable broker.
Spread at XTB is moderate. Focus on reputation as the number one priority. Because the broker has multiple licenses regulated in Europe.
Reliable order execution. No server, speed and response issues from the broker.
XTB recently discontinued its IB and Support service in Thailand. The lack of IB and Support means it causes customers problems and doesn’t know who to contact. Nevertheless, customers can still open an account.