Just researched the commission fees of various stock brokers. Since I started trading, I found that it really has a big impact on profits. Proper fees are like business costs. Choosing a good broker can help our capital go further.

So I gathered fee information from different brokers popular in the Thai market. It depends on our investment size, for example. If buying a small number of shares, Bualuang and Krungthai X Spring have no minimum fee; you pay only for what you buy. Meanwhile, SBI Online charges a minimum fee of 0.075% for cash balance accounts, which is very attractive for beginners.

Some brokers charge a minimum fee of 50 baht, such as SBI, Kasikorn, Thanachart, UOB. If daily trading is less than 25,000 baht, the fee is bumped up to 50 baht, which can make the actual percentage paid over 0.2%. Phillip’s has a minimum fee of only 30 baht, which is slightly better.

Another interesting point is Liberator, which announced a 0% fee for stock trading via the app. No tiered fees and no minimum per day. Investors only pay the fee to the Stock Exchange. If this is true, Liberator might be the most cost-effective option right now.

The real question of which broker’s fees are best isn’t just about the numbers. You need to consider what additional services the broker offers. For example, Thanachart provides a special deposit interest rate of 1% if you open a cash balance account. Krungthai X Spring has no minimum fee for either account type. InnovestX and SBI waive minimum fees if you use E-Confirmation.

For cash balance accounts (full deposit before buying), most charge 0.15%. For cash accounts (buy now, pay later), it’s 0.20% of the trading value. It depends on which account you use. For high-volume traders, each 0.05% can significantly affect profits.

Another thing to know is that the fees listed here do not include the fee paid to the Stock Exchange (about 0.007%) and 7% VAT on the total fee. If trading through an investment advisor, the fee increases by about 0.25% of the trading value.

In summary, which broker is best depends on our situation. If buying small amounts, choose one with no minimum fee. If trading a lot, even small percentage fees can add up. Most importantly, pick a trustworthy broker with a good trading system and customer service. Then see which fee structure matches your needs.