Best Prop Trading Firms in Thailand

Proprietary trading has been on the rise lately due to its unique offerings and cutting-edge technologies. The industry of prop firms allows traders to access large trading accounts and share profits with the firm. Prop trading firms in Thailand have also been on the rise as the country not only allows prop firms but also has less stringent regulations when compared to other jurisdictions. Let’s evaluate the prop trading industry in Thailand, list popular firms, and consider pro tips to get funded more easily.

Prop trading in Thailand explained

Proprietary trading or prop trading refers to a unique type of business where prop companies offer traders funded accounts, allowing them to trade with the firm’s capital. Prop firms protect their capital by setting stringent risk rules and other limitations to ensure only the best traders get funded. Prop traders have to pass an evaluation to gain access to funded accounts to start trading for profits. These rules include daily risk limit, overall drawdown, profit target, and certain other rules related to trading activities and strategies. Traders need to adhere to these rules, or they will get disqualified.

Benefits of prop trading firms in Thailand

Of the many benefits of signing up for a funded account challenge, access to a large trading capital and almost risk-free trading are the most important. Prop firms offer access to large trading accounts, typically ranging between 5k to 100k or higher, allowing traders to manage huge trading positions. These amounts are usually much higher than what average traders can afford to allocate for trading, greatly enhancing their profit potential. Traders are not typically liable for any losses to happen on funded accounts, allowing them almost risk-free trading opportunities.

Top prop trading firms in Thailand

Prop trading landscape in Thailand

Prop trading is becoming popular and there are many reliable prop firms in Thailand. The industry is evolving and mimics the global trend in financial markets. In 2024, there will be an increased focus on technological advancements, the affordability of funded accounts, and the simplicity of trading rules. As the number of modern platforms increases and operational costs for prop firms become cheaper, more and more new firms are launched on a daily basis. These firms are not required to hold a license like brokers do and can attract traders across the globe including Thailand under limited oversight. This is why it is critical to select reliable firms and select the most suited one according to the trader’s needs and strategy.

How Prop Trading Firms Operate in Thailand

Prop trading is legal in Thailand and prop firms are not required to get regulated, which contributed greatly to their popularity. Prop firms in Thailand are operating exactly the same as in other parts of the world. They offer funded account challenges and depending on the funded amount, traders should pay different fees to start the evaluation phase. When traders reach profit targets without breaching important risk rules, they are granted a real funded account, allowing them to trade for profits. This model is mutually beneficial for both traders and prop firms. Prop firms ensure their capital is protected, and only responsible traders are getting on board, while prop traders are presented with a unique opportunity to access a large trading capital that would be very difficult for them to acquire. The exact process can be described as follows:

1. Prop firms offer funded trading challenges
2. Trader signs up and purchases challenge account
3. The firm grants the trader demo or virtual trading account credentials
4. The trader starts trading in financial markets using the platform provided by the firm’s partner broker.
5. Traders must achieve certain profit targets without breaching risk rules and other possible hard rules
6. The firm evaluates traders’ performance and grants them their all-funded account
7. The trader starts making and withdrawing profits on a real funded account with the same rules as during the evaluation period

Now that you know what prop trading is all about, it is time to select a suitable and reliable firm and start a prop trading career.

Tips to Select the most suited prop firm in Thailand

To select the most suited prop firm in Thailand, traders should consider several factors:

• Clearly define your goals — List your goals and your strategy’s specs.
• Trading rules — Ensure the firm’s rules align with your trading style and goals
• Trading assets — Ensure the firm offers your preferred instruments at low spreads and commissions
• Trading conditions — Low spreads are essential for scalping, while lower commissions and less stringent rules are critical for swing trading.
• Platforms and tools — Advanced trading platforms like MT4 and MT5 offer enhanced market analysis capabilities
• Education and support — Education is only crucial for beginners, while support is critical for all prop traders no matter their level

When you have a well-tested trading strategy and know what you are going to trade, it is much easier to select a prop firm.

Tips to become a funded trader in Thailand

To get funded in Thailand, there are several general steps to follow:

• Step 1. Develop a trading strategy — Develop a trading strategy and backtest it on historical data.
• Step 2. Consider the firm’s rules — Ensure your strategy aligns with the firm’s rules such as daily risk limits, overall drawdown, news trading restrictions, and more.
• Step 3. Strict risk management — Always employ stop-loss orders to limit losses if something goes wrong, and you lose an internet connection.
• Step 4. Superior discipline — Stick to your strategy rules to ensure long-term survival. Without discipline, trading profitably is not possible. Approach it like a regular job and start and finish it at the same hours every single day.
• Constant evaluation — Evaluate and check the performance of strategy regularly to ensure it remains profitable in ever-changing market conditions.

By following these simple steps, the chances of succeeding are greatly enhanced.

Challenges and solutions of prop trading from Thailand

There are many challenges in prop trading. Some of them are related to financial trading in general, while others might be dependent on a location and time zone. Different time zones might pose a challenge for traders in Thailand. During London and New York trading sessions there is heightened volatility and liquidity which are crucial factors for catching trading opportunities. When the London session opens, it is around 3 pm in Thailand, which makes it possible for traders to catch the most liquid hours of the trading day. However, it is more tricky in the case of New York. When the NY session opens there is an 8.30 pm in Thailand which might pose a challenge, especially for stock traders. The solution to this challenge is to try to trade on EU stocks or trade Forex markets which are active 24 hours. Asian sessions might also be attractive for traders in Thailand.

The most prominent risks in prop trading are market volatility and market risks. When there is heightened volatility, the price might quickly cause large losses and force traders to breach daily risk rules. This is why stop-loss orders are so important and position sizing so emphasized in financial trading. Ensure to always set a stop-loss and select lot sizes very carefully. This is especially the case during major news releases when assets can move several hundred pips in a matter of minutes. This can easily breach the 5% daily loss limit, and traders should avoid trading during these hours.

When you trade on a funded account from Thailand, you are dependent on several factors, including the firm’s rules. This poses a challenge as traders need to strictly monitor their risks and ensure to stay compliant with the firm’s rules. The easiest way to solve this issue is to always use stop loss and lower the lot size to minimize risks and pressure. Discipline is another key solution in financial trading, including prop trading. The only way to stay profitable in the long term is to stick to your trading strategy and constantly evaluate its performance after 25–30 trades.

FAQs on the Best Prop Trading Firms in Thailand