2568 Which broker's commission is the cheapest? Analyze the broker fee rates in detail.

Why Are Broker Fees So Important?

When it comes to stock investing, many people only see the rising and falling prices, but there’s a subtle culprit lurking behind the scenes—brokerage fees that nibble away at the final outcome of your portfolio. Although they seem like just a fraction of a percent, over the course of a year, they become a significant obstacle to your gains.

High commissions eat into your profits, but the lowest or no minimum commission fees allow your cash to keep working at full potential. That’s why choosing a broker with a low brokerage fee rate in 2568 is something many should not overlook.

Complete Comparison of Broker Commissions in 2568

Nowadays, opening a stock account is much easier, done within minutes via the internet. What you should pay attention to is the varying fees among providers. This table helps you see clearly who charges what:

*Excluding when not using E-Confirmation
**Excluding when using E-Statement

Understanding the Structure of Broker Fees

Before diving into these numbers, let’s understand where the commissions come from.

Where do brokerage fees come from? The stock trading system

Individual investors cannot directly compete with each other for stocks; they need intermediaries called “brokers” to execute trades on official markets. Brokers need to earn income, which mainly comes from fees charged to investors. Some brokers also adopt strategies to lower commissions to attract more clients.

Difference between Cash Balance and Cash Account

Cash Balance Account is where investors deposit the full amount before buying, similar to using real cash, with low risk. Therefore, the commission is lower, generally around 0.15%.

Cash Account allows trading beyond the deposited funds, like using credit lines, which can be increased or decreased the next day. This higher risk results in higher commissions, approximately 0.20%.

Detailed Study of Each Broker’s Fees

Bualuang (BLS): No minimum fee, accessible for all

Bualuang Securities, under Bangkok Bank, is a good choice for investors with limited capital because there’s no minimum fee—you pay only for what you trade, unlike many others with set minimums.

Standard commission rates for BLS are:

• Cash Balance: 0.15% of trading value
• Cash Account: 0.20% of trading value

Conditions: You must submit orders yourself via the internet and receive confirmation via E-Confirmation. If not, the commission reverts to 100 Baht per day.

Innovest X: SCBX’s smart commission waiver

Formerly Thai Securities, now Innovest X under SCBX, offers another good option that waives minimum commissions.

Fees:

• Cash Balance: 0.15%
• Cash Account: 0.20%

However, the minimum fee of 50 Baht is waived if investors request confirmation via E-Statement.

SBI Thai Online (SBITO): A Japanese company entering Thai market with the lowest commissions

A Japanese fintech company making its mark in Thailand with attractive fees:

Cash Balance: only 0.075%, half the market average, with no minimum fee.

For Cash Account: 0.10%, with a minimum of 50 Baht.

If you trade small volumes, SBITO is a good way for beginners to access the market.

Kasikorn Thai: A standard commission rate

As a major financial player, Kasikorn Thai follows the market’s standard rates:

• Cash Balance: 0.15%
• Cash Account: 0.20%
• Minimum fee: 50 Baht

This means if you buy stocks worth less than 333,000 Baht, the fee rounds up to 50 Baht. The company also offers credit and analysis services to help investors make better decisions.

Liberator: Tiered commissions based on trading volume

Krungsri Securities uses a tiered commission system based on trading volume:

• Up to 5 million: 0.15%
• 5-10 million: 0.13%
• 10-20 million: 0.11%
• Over 20 million: 0.11%

Plus a 50 Baht transaction fee.

This strategy benefits high-volume traders—more trading, less cost per trade.

Tisco: No specified minimum, consistent rates

Tisco Securities, part of Tisco Group, offers:

• Cash Balance: 0.15%
• Cash Account: 0.20%

No clear minimum fee. For “group” clients, it’s a natural choice.

Thanachart: Standard commission plus special deposit interest

Thanachart Securities sticks to traditional rates:

• Cash Balance: 0.15%
• Cash Account: 0.20%
• Minimum fee: 50 Baht

But if you open a Cash Balance account and deposit funds, you get a special deposit interest of 1% per year, which is a good compensation.

Krungthai XSpring: A joint venture between major banks

A product collaboration between XSpring Capital and Krungthai Bank offers:

• Cash Balance: 0.15%
• Cash Account: 0.20%
• No minimum fee

Ideal for investors seeking convenience, standard service, and no minimum commissions.

UOB Kay Hian: International brokerage with competitive rates

Supported by multiple international banks:

• Cash Balance: 0.15%
• Cash Account: 0.20%
• Minimum fee: 50 Baht

Offers the same commission rates as most Thai brokers but also provides high-quality advisory services.

Phillip Capital: The lowest minimum fee at 30 Baht

This broker charges the lowest minimum fee—only 30 Baht per day.

• Cash Balance: 0.15%
• Cash Account: 0.20%
• Minimum fee: 30 Baht

Great for small investors trading around 5,000-10,000 Baht daily.

Stock CFDs: An alternative with zero commissions

Besides direct stock trading, those wanting leverage or lower risk often consider CFD (Contracts for Difference), a derivative instrument.

CFD features:

• No trading commissions
• Broker earns from the bid-ask spread (Bid-Ask Spread)
• Leverage varies by broker
• High risk, potential for losses exceeding initial capital

Examples of CFD providers:

How to choose a broker that matches your trading style

If you trade “small lots” frequently (small amounts of stocks)

Minimum commissions are your enemy. Choose:

• Bualuang (No minimum)
• SBI Thai Online (Lowest commissions)
• Krungthai XSpring (No minimum)

If you trade “large volumes” (more efficiently)

You can trade less frequently but in larger amounts, selecting providers with lower rates for high volumes:

• Liberator (Tiered commissions)
• Kasikorn Thai (Good analysis services)
• Thanachart (Extra 1% deposit interest)

If you trade “carefully” (want to save on every unit)

Look for:

• Phillip Capital (Minimum fee only 30 Baht)
• Tisco (Transparent commissions, no surprises)

Additional Fees Beyond Broker Commissions—Don’t Forget

There are many other costs investors must pay besides broker fees:

1. Stock Exchange Fee (0.007% of trading value)
2. VAT (Value Added Tax) (7% of broker commission)
3. ATS Settlement Fee (Only for Cash Accounts)

Therefore, the actual total cost is always higher than what the broker’s number suggests.

Summary: Choose Wisely, Save Truly

Brokerage fees in 2568 are not just about numbers; they’re about balancing commission rates, minimum fees, services received, and your trading style.

What’s suitable for one person might be expensive for another. Keep in mind:

• Small traders → Minimize minimum fees
• Large traders → Focus on percentage rates
• Seeking extra services → Prioritize additional tools and support

Try opening demo accounts with 2-3 brokers and pick what feels right. The “cheapest” may not be the “best fit.” Value matters more than just cost.