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Hey, if you still don't know which broker is good, you should check the commission fees before buying stocks because these fees are what eat into our profits. Comparing them will clearly show the differences.
I've noticed that opening a stock account has become much easier now, but the problem is the high commission fees they charge. Some brokers even charge a minimum fee per day. If you buy only a few shares, you might end up paying more in commissions than you should. So, which broker has the lowest commissions?
Based on the information I've gathered, SBITO (Securities Brokerage International Thailand Online) has a cash balance account fee of only 0.075%, with no minimum, which is much cheaper than the market average. BLS (Bangkok Life Assurance) and InvestX also have no minimum fee if you use E-Confirmation, with a rate of 0.15% for Cash Balance.
But if we talk about which broker is the best overall, Liberator still stands firm with a "0% commission" for trades made through the app. There are no minimum fees; investors only pay the exchange fee. If you want to save the most, this is the best option.
Other brokers like Kasikorn, Thanachart, UOB, and Philip also have standard rates of 0.15% for Cash Balance and 0.20% for Cash Account, with minimum fees of 30-50 baht. Krungthai XSpring also has no minimum fee, with similar rates.
Choosing the right broker is important because these commission fees can add up. If you trade frequently, the difference in fees can significantly impact your profits, depending on how much and how often you buy stocks.