XM FOREX BROKER
XM is one of the two best brokers with Exness that is large in size. However, Exness is more convenient in Thailand and it is more reliable in our opinion for the following reasons;
Cyprus’ Forex broker is already known for their reliability. But another highlight is that the Spread, Swap and Commission fees for gold trading are proper.
Due to fact of entering the Thai market for a long time, making the deposit and withdrawal process easy deposit and withdrawal can be made since there are already service agents for Thailand which is relatively good.
In fact, Cyprus Brokers really care about their customers in Asia. They however, sees 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.
EXNESS FOREX BROKER
Exness is regarded as the 2nd broker in gold trading, but if we compared it with its Spread, Commission and Swap fees, Exness is considered better than XM, 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, therefore, 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 Large amounts of funds can be withdrawn and transferred within 24 hours.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.
PEPPERSTONE BROKER
Peperstone is an Australian broker, and is one of the two large brokers together with 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 that the Spread, Swap and Commission fees in gold trading that are considerably 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 from Australia 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 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 Trader.
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.
GMI FOREX BROKER
Actually, among the 5 brokers mentioned above, the broker with the lowest trading cost is probably GMI EDGE. Because it has no Commission fee and Swap and spread are low, it is the best broker in the hearts of traders. Let’s take a look at its advantages.
At GMI Edge, spreads are the lowest in trading. You can open an ECN account and compare it with other brokers. This is the broker with lowest trading cost for traders.
GMI Edge does not charge any commission fee for gold trading, which is suitable for traders who want to quickly make low profits.
There are some strategies in gold trading that require long-term trading. But we have to endure the daily Swap. GMI EDGE does not charge Swap fee. This is our favorite Broker.
Being the new face of GMI EDGE, may have just entered the Thai market. Although not very popular, it’s not a waste of money. This takes time to prove that, over time, GMI EDGE will definitely rise to the No.1 rank.
