Which broker has the lowest commission in 2568? How to choose the right one that is both satisfying and cost-effective

Broker fees are a key variable that affects an investor’s final profit. If trading with high fees, profits will be significantly reduced. Conversely, choosing a broker with low fee rates gives investors a better chance to earn more. To help investors select a broker that suits their trading style, this article presents an analysis of the fee rates of leading brokers in the Thai market in 2025.

Summary Comparison Table of 10 Broker Fees

Why choose a broker with low fees

Nowadays, opening a stock trading account has become much easier. Many brokers can verify identity and provide services within 24 hours. With just tens of thousands of Baht, you can start trading. However, a point often overlooked by investors is the transaction fee incurred with each buy or sell.

For small-volume traders, some brokers set a minimum daily fee. This means that even if you trade only a few stocks, you still pay the same minimum fee as someone trading large volumes. Therefore, selecting a broker that matches your trading size can reduce costs.

Broker options based on trading types

For small-volume traders: choose among 3 options

1. Bualuang (BLS) is suitable for small investors because it does not charge a minimum fee when using a Cash Balance account and submits orders via E-Confirmation. The fee is 0.15% for Cash Balance and 0.20% for Cash Account. It is also part of Bangkok Bank Group, making account opening and banking services convenient.

2. Invest X is another option, with a fee of 0.15% for Cash Balance and 0.20% for Cash Account, with a minimum fee of only 50 Baht. It is waived if using E-Statement, which is easy to qualify for.

3. Krungthai XSpring offers no minimum fee at all, charging 0.15% for Cash Balance and 0.20% for Cash Account, making it suitable for low-volume traders.

For medium-volume traders: standard brokers

Most brokers in this group charge 0.15% for Cash Balance and 0.20% for Cash Account, with minimum fees of 30-50 Baht, including:

• Phillips: lowest minimum fee at 30 Baht, with good analysis tools
• Tisco: no minimum fee specified in regular terms
• Thanachart: 0.15%-0.20% with a 50 Baht minimum fee; opening a Cash Balance account at Thanachart may offer deposit interest rates up to 1%
• KBank: standard 0.15%-0.20%, minimum 50 Baht, with good stock analysis services
• UOB: standard 0.15%-0.20%, minimum 50 Baht

For those seeking the lowest fees

SBI Thai Online stands out with very low rates: only 0.075% for Cash Balance and 0.10% for Cash Account, with a minimum of 50 Baht. (This is among the lowest in the Thai market, ideal for cost-conscious investors.

Liberator uses a tiered fee system: for trades up to 5 million Baht, the minimum fee is just 0.006%, the lowest in the market. However, to profit from such low rates, high trading volume is necessary.

Understanding the fee system correctly

) Where do fees come from?

General investors cannot buy stocks directly from each other due to trust and settlement issues. Regulatory authorities require trading to occur through the Stock Exchange of Thailand (###SET() and official intermediaries called “brokers” to ensure transaction safety and credibility. As intermediaries, brokers earn income from transaction fees.

) Difference between Cash Balance and Cash Account

Cash Balance Account: Investors must transfer the full amount into the account before trading, limiting the trading volume. The fee is the lowest, generally around 0.15% for regular trades.

Cash Account: Allows trading on credit and settlement the next day, providing quick access to funds from the broker. This results in higher fees, around 0.20%.

Other additional costs

The broker fees shown here do not include:

• Exchange fees for trading, settlement, and regulation (###SET(), approximately 0.007% of trading value
• 7% VAT on total fees
• ATS system fee for Cash Account transactions, about 14.98 Baht )including VAT(

Therefore, total costs are higher than the contact fees from brokers.

Tips for choosing the right broker

1. Estimate your trading volume: For small trades, avoid brokers with high minimum fees; choose those with no minimum or low minimum.
2. Compare Cash Balance accounts: For beginners, Cash Balance accounts usually have lower fees.
3. Check for fee exemptions: Some brokers waive minimum fees if using E-Confirmation or E-Statement.
4. Consider additional services: Besides fees, look at deposit interest rates, stock analysis, and ease of service.

Choosing a broker that matches your trading style is a crucial first step to reducing costs and increasing profits from stock trading.