Best 5 Copy Trading Platforms in Thailand – Top Picks for 2024

Hundreds of brokers have entered Thailand in recent years, each promising to offer an exceptional trading experience to the citizens of this country. However, only a few provide services that target beginners. This article explores five brokerage firms that offer copy trading services for novice traders to replicate the trades of experts without requiring extensive knowledge of the financial markets.

RoboForex

Do you want to copy trades at low costs? If so, RoboForex should be your top choice. This brokerage firm imposes tight spreads and allows copy traders in Thailand to replicate trades with a leverage of up to 100x.

What’s more, RoboForex’s asset portfolio is unmatched. There are nearly 12,600 financial instruments on the platform for investors to copy trade. Some of the top markets the broker gives access to include energies, metals, indices, Forex, and stocks.

Advantages

1. Thai copy traders can begin replicating trades with as little as $10.

2. Trading charges on RoboForex are favorable.

3. The brokerage processes customer withdrawals almost instantly.

Disadvantages

1. RoboForex limits certain accounts from copy trading some Forex pairs.

2. Some lead traders complain about a lack of enough analytical tools on the RoboForex platform.

Exness

As a world-class broker, Exness promises unmatched services to Thai citizens. The broker has prioritized securing users’ copy trading capital, and that’s why it employs an advanced encryption mechanism and maintains funds in trusted banks.

Although Exness is known for listing hundreds of currency pairs, it also grants access to indices, cryptocurrencies, commodities, and stocks. This diversified portfolio allows copy traders to spread their risk.

Advantages

1. Exness is highly regulated, assuring Thai traders of government protection.

2. The broker’s customer support is responsive and accessible throughout the week.

3. Exness facilitates fast withdrawals.

4. No fees are charged on deposits.

5. The platform features multiple analytics tools, which enhance the trading experience.

Disadvantages

1. Unfortunately, customer support is limited to a few languages.

2. Exness’ educational section doesn’t have enough learning materials.

HTX

Previously known as Huobi, HTX is a top global crypto exchange that recently moved its headquarters from China to Seychelles. HTX has been in business since 2013. Over the years, it has listed new crypto assets to enable users to diversify their portfolios. As of July 2024, HTX has listed over 320 digital assets, including Bitcoin and Ethereum.

As a citizen of Thailand, you can copy trade these assets for as little as $5. Furthermore, the trading fees charged are cheaper than those on most crypto exchanges.

Advantages

1. Copy trading capital is affordable to many Thai citizens.

2. Trading charges are cheap.

3. HTX lets investors copy trade a vast range of crypto assets.

Disadvantages

1. HTX does offer a demo account for users to try out its copy trading service risk-free.

2. Ways of contacting the customer support team are limited.

3. Like any other exchange, HTX can freeze withdrawals if it files for bankruptcy.

4. There are insufficient educational materials on the HTX copy trading platform.

IronFX

IronFX has provided exceptional trading services to customers over the past 14 years. Created by software engineers, IronFX offers access to revolutionary technological innovation in trading tools, which simplifies market analysis.

The broker has listed more than 350 financial instruments from six different classes to facilitate portfolio diversification.

Advantages

1. Customer support is offered in multiple languages.

2. Thai investors can copy trade hundreds of assets.

Disadvantages

1. The identity verification process is a bit complicated.

LiteForex

Initially known as LiteFinance, LiteForex has been a player in the trading industry since 2005, establishing itself as a reliable brokerage firm. A few years ago, it introduced its social trading platform to accommodate novice traders. As of this writing, the platform hosts more than 1,100 copy traders, some from Thailand.

Advantages

1. Copy traders can withdraw profits instantly.

2. LiteForex is known for its instant execution of copy trades.

Disadvantages

1. The required minimum deposit ($30) may be too high for some Thai citizens.

2. LiteForex adopts a complex KYC procedure.